Health Insurance Coverage
Your health insurance coverage should adjust to the changes in your life. Help protect your loved ones by picking the right health coverage plan.
If you live in La Grange, come in and talk to us. Aines, Carter & Associates offers various types of affordable individual and family health insurance plans, so you can select a plan that’s right for you.
You may be eligible for A Medicare Supplement Insurance (Medigap). A Medigap plan pays some of the medical expenses that Medicare doesn’t cover, such as co-payments, deductibles, and certain other hospital costs.
If you are 65 or older and are enrolled in Medicare Parts A and B. Medicare Supplement plans are available to you.
Each Medicare Supplement (Medigap) policy covers one individual. That means you and your spouse would each need your own policy. A State Farm trained insurance producer will help you understand what you and your family may need.
Individuals on Medicare are eligible for prescription drug coverage under a Part D plan if they are signed up for benefits under Medicare Part A and/or Part B.
Medicare Part C
Medicare Part C is the same as (Medicare Advantage). Medicare Advantage Plans include all the benefits of Parts A and B, which cover hospital and medical costs.
What is Medicare Part D?
Medicare Part D is Medicare’s Prescription Drug Coverage. Original Medicare alone doesn’t cover prescription medications but almost everyone needs them, so you can save with a prescription drug plan.
There are many different forms of life insurance contracts, which promise to pay a designated beneficiary a sum of money upon the death or incapacity of an insured person. The premium for this type of insurance is generally paid regularly, or as a single lump sum.
Whole Life Insurance
There is no specific term for whole life insurance. You get to keep your insurance as long as you keep paying the premiums and the premium value remains fixed for life.
If you purchase a guaranteed insurance policy, the cover is guaranteed for the rest of your life.
Term Life Insurance
Term life insurance is the simplest form of protection you can purchase for yourself and your family. This life insurance covers a specific period, or ‘term.’
Premiums are paid on either a monthly or an annual basis.
Term life insurance can help provide for your family in the event of a loss of income. It will cover short-term debts and needs. Term life insurance contracts are low cost policies. The contracts are renewable with an option to convert to permanent life insurance policies.
Long Term Care
If you or a loved-one is in your 50s or 60s, you may want to learn more about long-term care insurance.
If you become ill and are unable to care for yourself, long-term care insurance could help pay for the care you need. Depending on the level of care required, it may be provided in a nursing home, and alternate care facility, or even at your own home.
If you’re unable to pay for long-term care when you or a loved one needs it, you may need to spend down your assets to become eligible for Medicaid to pay the costs of care.
Remember, if you live in La Grange, come in and talk to us. Aines, Carter & Associates offers various types of affordable individual and family health insurance plans, so you can pick a plan that’s right for you.