Consumer Guide to Medicare

As you approach Medicare eligibility you probably feel very popular—everybody is calling you and mailing you information. After a few weeks of looking at a stack of material, you probably feel more confused than ever. This booklet was designed to make things simple, so that you may begin to understand how Medicare works, how supplemental insurance fits into the picture, and how to wade through the myriad of alternate options available. Medicare is the government-run health insurance program for those age 65 and older or those under 65 with certain disabilities. Medicare is the largest health insurance plan in the country with more than 50 million Americans participating. Affordable Care Act and Medicare One of the few provisions of the …

Consumer Guide – Voluntary Products

What are voluntary benefits? Voluntary benefits, often referred to as Worksite Marketing products can be any type of additional benefit that is added to an employer’s menu of benefit options. These benefits may be provided through insurance products that can be classified as either core products or ancillary products. Core Benefits Core benefits typically consist of group major medical insurance, dental insurance and group term life insurance. Premiums for these core benefits are usually paid for by the employer, although in many cases at least a portion of the premium is paid for by the employees. Non-Core Benefits From the perspective of the Benefit Professional non-core benefits can be further broken down into ancillary and worksite products. Ancillary products are …

Consumer Guide Long Term Care

What is Long-Term Care? Long-term care (LTC) describes the need for assistance from another person with everyday tasks. This type of care is typically non-medical (custodial) and not covered by health insurance. LTC describes the need for custodial (unskilled) help from another person, for an extended period of time. LTC needs consists of services and support related to a prolonged illness, injury or chronic condition. As more Americans expect to live a long life and the population ages, the need for these services will grow. Planning for LTC should be part of everyone’s retirement planning. Long-term care services include help with “activities of daily living (ADLs)” such as: Bathing Dressing Using the toilet Transferring (to or from bed or chair) …