The short answer is: Life Insurance is for everyone, also for single people. There are some reasons why you might need life insurance if you’re single. For the death benefits – If you died, who would pay for your funeral? Even a simple ceremony could be costly. If you don’t have life insurance, someone else… [Read More]
What Is the Accelerated Death Benefit (ADB)?
Life expectancy is the primary factor considered by insurance companies. We know that a life insurance policy allows you to financially secure you and your family’s future and well-being in case anything happens to you and you are not able to provide for your dependent family members. The life insurance policy has many benefits. Some… [Read More]
Is Life Insurance Only for “Rich People”?
The short answer is: Life Insurance is for everyone, poor, middle class or rich people A life insurance policy allows you to financially secure you and your family’s future and well-being in case anything happens to you and you are not able to provide for your dependent family members. “Individuals, whether rich or poor, should… [Read More]
Special Enrollment Periods (SEP) for ACA
Still need 2022 coverage? Since the Open Enrollment Period for this year is over, you can only enroll in or change an ACA health plan if you qualify for a Special Enrollment Period. A Special Enrollment Period (SEP) is a time outside the yearly Open Enrollment Period when you can sign up for health insurance…. [Read More]
If Your Health Plan Doesn’t Include Vision, You Can Purchase A Stand-Alone Vision Plan
Vision care coverage is not mandated for adults by the ACA. If a health plan includes dental, the premium covers both health and dental coverage. Having said that, in most states, stand-alone vision plans are not offered through the exchanges, and even if they are, you can’t use your premium subsidy to offset their cost…. [Read More]
Dental coverage in Obamacare
Dental coverage is available 2 ways You can get dental coverage 2 ways: as part of a health plan, or by itself through a separate, stand-alone dental plan. If a health plan includes dental, the premium covers both health and dental coverage. Just as it’s with a standalone vision plan, if you choose a separate… [Read More]
Medicare Advantage Enrollment Growth
All Medicare-eligible people in Florida have access to a $0-premium Medicare Advantage plan. This graph represents the total Medicare Advantage enrollments (in millions) during the 1099-2019 period. Medicare Advantage Private plans that contract with the federal government to provide Medicare benefits. Please keep in mind that different areas have different Medicare Advantage Plans. A particular… [Read More]
For the 2022 Tax Year, the ACA Affordability Threshold Will Decrease to Almost 10%
This decreased threshold translates into higher employer contributions towards their employees’ health coverage plans. Earlier this year the Biden administration passed the American Rescue Plan (ARP), which for now, and for the indefinite future, will drop the Affordable Care Act (ACA) affordability percentage for the 2022 tax year by 9.61%. What Is The ACA… [Read More]
7 Things You Must Do as Soon as You Turn 65
Our human life span is longer than ever. Having said that, turning 65 should ignite serious conversations with your loved ones about Medicare, life insurance, even your end of life and funeral wishes (final expense). Seven things to do when you turn 65 years young: Familiarize yourself with Medicare and learn also about ‘Medicare Advantage’… [Read More]