Did you know that 7 in 10 employed Americans would have trouble in a month or less if they couldn’t earn their paycheck? This is from new research Life Happens conducted called “What Do You Know About Disability Insurance?”.
That stat underscores how important disability insurance is and why each year in May, Life Happens coordinates Disability Insurance Awareness Month.
What You Need to Know About Long Term Care Insurance
Chances are the day will come when you won’t be able to manage on your own. In fact, almost 70 percent of those over age 65 will require some form of long-term care during their lives.
Insurance to Ensure Quality of Life
Medicare Supplement plans can be purchased to help cover certain health care costs not covered by Original Medicare, like deductibles, premiums, and co-payments.
Also called Medicare Part C, Medicare Advantage plans provide coverage through private insurance companies approved by Medicare. These companies provide all the benefits of Part A and Part B, with the exception of hospice care (that remains covered by Medicare Part A). These plans sometimes also include additional benefits, such as vision, dental, and/or prescription drug coverage.
Prescription Drug Plans
Medicare offers stand alone prescription drug coverage (Part D) for everyone with Medicare. To get Medicare drug coverage, you must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered.
Life Insurance and Financial Planning
There are two major types of Life Insurance, Term and Whole Life. Both types have multiple sub-types to meet individual needs.
Individual and Group Health
Utilizing proper Health Insurance Products provides for better access to both preventative and unforeseeable medical treatment. The key is to regularly review your needs and have the proper Insurance Products available to meet them.
Individual and Group Accident and Disability
Your most important asset is not your home, your car, or other possessions. It’s your ability to earn a living. Accident and Disability Insurance provides an income to you and your family if you are unable to work because of injury or illness.