Frequently Asked Questions

You can apply through the Health Insurance Marketplace, directly with an insurance carrier, or with the help of an experienced agent like Insurance Pro. Call us at 407-847-7000, and we’ll guide you through the process to find the best plan for your needs.

Yes, you can still qualify for financial assistance, such as premium tax credits or cost-sharing reductions, if you meet the income requirements. These subsidies help make health insurance more affordable during an SEP.

You generally have 60 days from the date of the qualifying life event to enroll in a new health plan or make changes to your existing one during an SEP. If you miss this window, you may have to wait until the next Open Enrollment Period.

You may qualify for an SEP if you experience life events such as: Losing existing health coverage Moving to a new area with different coverage options Changes in household, like marriage, divorce, or having a child Changes in income that affect your eligibility for subsidies Gaining lawful U.S. residency

A Special Enrollment Period (SEP) is a time outside of the annual Open Enrollment Period when you can sign up for health insurance under the Affordable Care Act (ACA). SEPs are triggered by certain qualifying life events, such as losing coverage, getting married, or having a baby.

The treatment of funds in an annuity upon the death of the annuity owner This treatment depends on several factors, including the type of annuity, the payout option selected, and any beneficiary designations made. Here’s what typically happens to the money in your annuity if you pass away: Death Benefit: Most annuities offer a death… [Read More]

Surrender charges are fees imposed by the insurance company if you withdraw more than a certain percentage of your annuity’s value during the surrender period. These charges are designed to discourage early withdrawals and help cover the costs associated with selling and administering the annuity. Here are the key implications of surrender charges on annuities:… [Read More]

Yes, in many cases, you can access your money in an annuity before retirement, but it’s essential to understand the implications and potential consequences of early withdrawals. Here are some options for accessing your money in an annuity before retirement: Partial Withdrawals: Most annuity contracts allow you to make partial withdrawals from your annuity before… [Read More]

A deferred annuity is a type of annuity contract that allows you to accumulate funds over time before receiving income payments. Unlike immediate annuities, which start providing income shortly after the premium payment, deferred annuities have a “deferral period” during which your investment grows tax-deferred. Here’s how a deferred annuity works: Premium Payment: You make… [Read More]

Variable annuities and fixed annuities Thease are two distinct types of annuities that offer different features and benefits. Here’s how variable and fixed annuities differ from each other: Investment Options: Fixed Annuities: In a fixed annuity, your premiums are invested by the insurance company in conservative, fixed-income investments such as bonds. The insurance company guarantees… [Read More]