By Raymond C. Richard, the President and Chief Executive Officer of The Pinnacle Benefits Group, a national distributor of health and life insurance products. Medigap policies, commonly referred to as Medicare Supplement Insurance, is private insurance designed to help fill the gaps in Medicare Part A (Hospital Coverage, Skilled Nursing Facility, Hospice and Home Health Care), and Part B (Doctors [...]
In the past, older Americans with life insurance policies they no longer had use for or could not afford to keep had little option but to let the policies lapse or surrender them back to the issuing insurer. However, the emergence of an institutionally funded secondary market for life insurance policies has created a new source of funds for seniors. [...]
By: The Insurance Information Institute The tips below will help you save money wisely, but don’t rely on price alone. MOST IMPORTANT Because you may not collect for decades to come, be sure to buy from a company that has been around for some time and is financially stable. You may want to look up, from an independent rating agency, [...]
By: Michelle Russo - an Administrator at Harlee Manor located in Springfield, PA. Is long term care insurance an option for me? Long term care insurance is purchased by you, to cover medical and nursing services not covered by your current health plan or Medicare. Consider a long term care insurance policy before your health begins to fail and before [...]
By: Guide to Retirement Living Staff As the older adult population grows and life expectancies continue to increase, more and more Americans face the difficult prospect of having to pay for costly long-term care. One of the ways consumers are answering this challenge is by purchasing long-term care insurance in order to help manage the sometimes overwhelming costs of care. [...]
By: Guide to Retirement Living Staff In an effort to empower people with Medicare to speak out about the problems older adults and people with disabilities face accessing good, affordable health care, the Medicare Rights Center (MRC), a national consumer service group, is launching an online Advocacy Network. “We want to ensure that the voices of people with Medicare who [...]
