Medicare is a health insurance program for people age 65 and older, people under 65 with certain disabilities, and people of all ages with End-Stage Renal Disease (ESRD). Medicare consists of four programs: Hospital Insurance (Part A), Supplementary Medical Insurance (Part B), Medicare Advantage (Part C), and Medicare Prescription Drug Benefit (Part D).
Medicare Advantage plans are approved by Medicare but are run by private companies. These companies provide Medicare Part A and Part B covered services and may include Medicare drug coverage too. Medicare Advantage plans are sometimes called “Part C” or “MA” plans. MA plans are not supplemental insurance.
A Medigap policy is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare Plan coverage. Medigap policies help pay some of the health care costs that the Original Medicare Plan doesn't cover.
Medicare drug coverage(also known as Medicare Part D) helps pay for the brand-name and generic drugs you need. It's optional and offered to everyone with Medicare by insurance companies and other private companies approved by Medicare. Even if you don’t take prescription drugs now, consider getting Medicare drug coverage to avoid paying a
late enrollment penalty if you join a plan later.
The average funeral cost in America is over $8,000 per the National Funeral Directors Association.
Final expense burial insurance is a type of life insurance designed to cover end-of-life expenses, such as funeral costs, burial or cremation fees, medical bills, and other debts. It’s typically a whole life policy with fixed premiums and a guaranteed death benefit. These policies have lower coverage amounts (usually $5,000-$25,000) and simplified underwriting, requiring minimal or no medical exams, making them accessible for those with health issues.
Mortgage term insurance is a type of term life insurance specifically designed to cover the outstanding balance of a mortgage loan in the event of the policyholder's death. It ensures that if the borrower dies during the policy term, the death benefit is used to pay off the remaining mortgage, protecting the surviving family from losing their home to foreclosure.
Indexed Universal Life (IUL) insurance is a type of permanent life insurance that offers a death benefit and a cash value component that grows based on the performance of a market index, like the S&P 500. This provides a balance between the growth potential of the market and protection from market downturns.
An annuity is a contract with an insurance company that provides a guaranteed stream of income in exchange for a payment or series of payments. It is often used for retirement income, and can provide a steady stream of money for a specific period or for the rest of your life.
Provides a guaranteed, fixed rate of return and a predictable stream of income.
An indexed annuity is a type of fixed annuity that earns interest based on the performance of a stock market index, like the S&P 500, with a guaranteed minimum rate and protection from market losses. It offers tax-deferred growth, but potential gains can be limited by factors such as participation rates or caps.
An immediate annuity converts a lump sum into income that starts right away, typically within a year. A deferred annuity allows your money to grow tax-deferred for a set period before payments begin in the future, making it suitable for long-term savings. The main difference is the timing of the income stream: one is for immediate income needs, while the other is for future income goals.
Ancillary benefits are supplemental insurance products offered alongside primary health insurance plans to provide additional financial protection or coverage for specific needs. They are designed to fill gaps in primary health plans, covering expenses not fully addressed by major medical insurance.
Dental benefits are a form of health insurance that helps cover the costs of dental services, which can include preventive care like cleanings and exams, as well as more extensive procedures like fillings, root canals, and crowns.
Hospital indemnity is a type of supplemental health insurance that provides cash payments to you (not the hospital) to help cover the costs of a hospital stay. These payments can be used for anything, such as medical deductibles and co-pays, or non-medical expenses like transportation and childcare
A critical illness policy is a type of supplemental insurance that provides a one-time, lump-sum cash payment upon diagnosis of a specific, covered critical illness. This money can be used for any purpose, such as covering medical bills not paid by health insurance, replacing lost income, or paying for daily living expenses while recovering.
We do not offer every Medicare plan available in your area. Currently we represent three organizations which offer seven products in your area. You can always contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Assistance Program (SHIP) for help with plan choices.
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