Insurance Tips for Everyday People
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When is AEP?
AEP stands for the Annual Enrollment Period. Insurance Carriers will make their plans for the following year available on their sites beginning October 1st. However, you cannot make changes to your Medicare Advantage Plan or Stand-alone Prescription Drug Plan until October 15th. The Annual Enrollment Period is open from October 15th through December 7th. If…
Is the Medicare “Donut Hole” Gone?
Beginning on January 1, 2025, Medicare Prescription Drug Plans, also known as Part D will no longer have a Donut Hole or Coverage Gap. Starting in 2025, the Inflation Reduction Act will implement significant changes, resulting in only three distinct phases for Part D Plans. The deductible phase, the initial phase and the catastrophic phase.…
Why do I need Travel Insurance?
We recently talked to someone, without travel insurance, that was charged over $1,000 for a visit to the ship’s doctor on an international cruise. A travel plan would have cost less than $100 for their entire family, but they did not purchase one because they did not want to spend money. We receive a variety…
What is P & C Insurance?
P & C Insurance stands for Property and Casualty Insurance. This includes policies for needs like home, auto, and umbrella insurance. With rising costs, it may be wise to check your P&C policies to see that you have proper coverage for your property and adequate coverage for liability. Most states require auto insurance to operate…
What is Whole Life Insurance?
Whole life insurance is a type of life insurance policy that offers lifelong coverage. This means that, as long as the premiums are paid, the policy will remain in force until the insured person passes away. What are Key Features and Benefits of Whole Life Insurance? When is Whole Life Insurance a Good Choice? Whole…
What is STM or Short-Term health Insurance?
The Insurance Solutions Experts have several Short-term Medical Carriers available. Call our office – South/Southwest: 210-277-7871 or East/Midwest: 636-732-1122.
8 Factors Influencing Life Insurance Cost
As discussed in other blogs, term life insurance is usually the most affordable of the main 3 types of life insurance, followed by universal life insurance and then whole life insurance. In other words, you can usually get “more bang for your buck” with term life insurance because of the lower cost compared to permanent life…
Short Term Medical Health Insurance changes are coming September 1st, 2024
What changes are coming for Short Term Medical Health Insurance? If you have health insurance that is not an ACA (aka Obamacare, Affordable Care Act, Marketplace), Medicare, or a group plan, then the chances are high that you have an STM (short-term medical) health insurance plan also known as a Short-Term, Limited-Duration Insurance (STLDI) plan.…
What is Permanent Life Insurance?
Permanent life insurance provides lifetime coverage and has cash value. Whole Life and Universal Life Insurance are the two main types of permanent life insurance. What is Whole Life Insurance? Whole life insurance is usually better for people wanting permanent life insurance with guarantees. Whole life insurance premium payments and death benefits do not change…