Large employers in today's market are looking for ways to offer retiree plans without having to manage extra liabilities. Since there are many different ways that you can structure a retiree plan we wanted to discuss several concepts that have been used to establish retiree plans with very minimal (if any) costs to establish.
Critical illness insurance is an insurance policy that provides coverage for specific critical illnesses such as cancer, heart attack, stroke, or other health issues specified in the policy. These policies will typically pay benefits in a lump sum; however, there are insurance companies that pay for specific procedures associated with a critical illness.
If you are looking for low cost Medigap Insurance, there are several things you need to know! First, Medigap plans supplement Original Medicare. This means that if you do not have Medicare you do not need a Medigap policy.
The Seniors Choice High Deductible "Modified Plan F" is coming in 2014 through Benefits Association. This plan will be like any other High Deductible Plan F across the country. In this article we will explain the differences of this plan, explain how to enroll in this plan and will inform insurance agents where to go for contracting purposes.
Everyone is familiar with the Medicare Supplement Plan F. So today we wanted to do a comparison of the Medicare Supplement Plan F vs Plan G. Plan F is the most popular plan in the market while other studies have shown that the Plan G is the most cost effective plan available. Below are some facts that show why you should consider the Plan G over the Plan F.
Have you heard of group health insurance for retirees? Have you wondered if your employer offers it or why they don't offer it? Group Health Insurance for Retirees is simply a health insurance plan setup for those who are over the age of 65 and retired from a company. These plans can also be formed for an association and that association allows members to enroll in the Guaranteed Issue Supplemental Medicare Plan! Check out the Benefits Association website if you are looking for this type of plan.
If you are in the market for a Medicare Supplement with lower premiums, you should consider the high deductible Plan F or the Plan N Medicare Supplement. Both of these plans allow you to go to any doctor or hospital that accepts Medicare, they both limit your out of pocket maximum, and they are standardized plans that are regulated both federally and on a state level.
A group retiree medical plan is a health insurance option that employers can sponsor for their retirees that provides supplemental coverage to Medicare. These plans can be 100% voluntary or they can be employer funded. Group Retiree Medical plans can be setup with direct bill to the member/policyholder or they can be put on a group bill. These plans can be setup many different ways to meet the needs of employers wanting to offer retiree benefits.
Looking for a Mutual of Omaha Medicare Supplement? If so you have come to the right place! Whether you heard about Mutual of Omaha through: the TV show Wild Kingdom, their support in the PGA Golf Tournament, or several people on your street that have a Medigap insurance policy with them we can offer our services in helping you find the best plan for your needs.
In most of our articles we recommend the Plan F or Plan G Medigap policies. However, in the state of Pennsylvania we recommend the Plan C Medicare Supplement since "Excess Charges" are not allowed. This particular Medicare Supplement policy provides similar coverage to the Plan F but it does not cover excess charges. Since the state of Pennsylvania does not allow hospitals/physicians to bill excess charges this is unnecessary coverage.
Recently we had a client call us to let us know that the co-pay originally quoted with the Humana Part D plan was twice as high as originally projected. A little surprised and hoping we did not mess up when researching the drug supply, I asked him for the name of the prescription and the drug dosage.