Services
What We Do
We sell insurance. While this may stop cocktail parties cold, it keeps even sizable financial plans sound. It protects people, (you included) bringing order to chaos. It can even benefit your favorite charities. It matters. Our focus is life and disability. Our specialty is long-term care planning: from traditional insurance for individuals; to tax-deductible plans for business; to asset-based plans that give you the ability to keep every cent you don’t use in your portfolio. We offer long-term care benefits, including a personal care coordinator.
Life Insurance
Most policies are group plans, with increasing premiums, as you get older and limited or no benefits if you leave your employment.
Life insurance isn’t just to cover what your earn today. Think about retirement investments never made, college funds ahead and the security of the people you love. Scary? A little. But not with a plan.
Important for:
- High Earners
- Parents
- Business Partners
- Planning to work after retirement
- Life Changes
Income Protection
For entrepreneurs, small business owners, consultants and freelancers, disability coverage is particularly essential and often overlooked as an early cost-saving measure. Take care of your biggest asset: you.
Important for:
- High Earners
- Entrepreneurs
- Self-employed
- Consultants
- Contract workers
- Career peak
Group Benefit Plans
Employee benefit plans average 30% of wages. As a significant line item on your profit and loss statement you want to make sure you are offering a competitive package to your employees that meets the needs of your workforce.
Working with you we can design a competitive package that fits in your budget or analyze your existing plans to determine if they are competitive in the market place. Group benefits include:
- Health Insurance
- Dental Insurance
- Short and long-term disability insurance
- Life Insurance
- Voluntary benefits
- Key-person coverage for life and disability
- Business overhead and expense coverage
Long-term Care
Seventy percent of people turning 65 this year will need long-term care at some point. Boomers will demand better solutions and we’ve got them.
Traditional long-term care insurance
- Single pay, 10-pay, lifetime pay
- Fully tax deductible business expense for C-corporations and partially deductible for Sub S business owners.
- Golden handcuff benefit for key employees.
Hybrid policies, as life insurance policy or fixed annuity, either with a long-term care rider.
- You control the asset not the insurance company.
- No use it or lose feature, return of premium options, and rate guarantees.
- Tax-free exchanges with existing cash value insurance policies.
All policies come with a care coordinator to guide the process and minimize stress and confusion for you and your family. You can receive care where you’re most comfortable, which for most of us is at home.
Important for:
- Ages 40-70
- Family history of health issues
- Maybe you –
Long-term care is increasingly important as we live longer and longer, but it’s not just a matter of age. Being covered or having insurance can save your financial plan when other health complications arise as we get older.
Dementia | Cancer | Heart Disease | Stroke | Multiple Sclerosis | Alzheimer’s | Parkinson’s | Or any other disease
How this works:
1
You reallocate a small portion of your assets into a life insurance policy or fixed annuity. With a long-term care rider.
2
If you need care, you pay for it with leveraged tax-free withdrawls from the cash value of the policy.
3
If you never need care your beneficiaries receive a tax-free benefit from the life insurance policy or the contract value from the annuity.
4
If you change your mind you can always get back at least 100% of your initial deposit.
You had a plan. Why stop now?
Medicare
Suitability is key.
Take into consideration your health, lifestyle, travel plans, desired benefits, pharmacy, network and costs when choosing the right Medicare supplement or Medicare Advantage coverage.
What?
What is Medicare?
Medicare is the federal program for people 65 or older, under 65 with disabilities and for those with end stage renal disease or Lou Gehrig’s Disease.
The federal Medicare program consists of Original Medicare, Medicare Advantage and Prescription Drug plans. Medicare does not cover all medical expenses or the cost of long-term care.
Who?
Who Is Eligible?
In general, citizens 65 years or older and persons on disability are eligible for Medicare. For those who have worked for 10 years, there may be no premium for Part A.
How?
How Do I Enroll in Medicare?
If you are claiming Social Security you may be auto-enrolled. If you are not claiming, you will need to enroll at a Social Security office or online at www.SocialSecurity.gov.
Why?
Why Is It Important to Enroll?
There are regulations that can result in financial penalties for late enrollment. If you are working, you may or may not need to enroll in Part A and/or Part B. Other regulations involve COBRA, HSA contributions and whether your existing coverage is creditable or non-creditable. Your advisor can help with your decisions.
Medicare Part A to Part D
Take into consideration your health, lifestyle, desired benefits, pharmacy, network and costs when choosing the right Medicare coverage.
Questions? We can help! Get in touch →
Medicare Part A
Hospital Coverage. Part A covers hospital inpatient and skilled nursing care. If you or your spouse have worked 10 years, there may be no premium for Part A. 2024 Deductible: $1,632
Medicare Part B
Doctor & Outpatient. Part B covers medically necessary services and supplies, including outpatient, preventive services, ambulance and durable medical equipment. There is a premium for Part B, and patients may be responsible for 20% of costs.
Part A & B make up what is known as Original Medicare. Prescription Drugs are not included in Original Medicare.
– 2024 Part B Premium: $174.70
– Part B Deductible: $240.00
Medicare Part C
Medicare Advantage is private insurance approved and regulated by Medicare and is offered as an alternative to Original Medicare, providing coverage that must be at least as good as Original Medicare.
Medicare Advantage Plans may have premiums, with cost reflecting factors such as the network and how much of the cost you share. Medicare Advantage limits your out-of-pocket costs and may include additional benefits, such as prescription drugs, physical exams, dental, vision and gym membership.
Medicare Part D
Drug Coverage. Part D is private drug coverage and is available as a standalone plan, or within a Medicare Advantage Plan. Plans vary in price, networks, preferred pharmacies and the drugs covered.
Medicare Supplement Insurance
Medigap Plans
Medicare Supplements, which are also known as Medigap plans, were created to fill gaps in Original Medicare. These gaps include deductibles, copays and your liability for the 20% of part B costs. Medigap plans typically do not have a hospital network, which means any provider in the USA that accepts Medicare is an option.
Medigap plans do not cover Prescription Drugs, so a separate drug plan is required. Beneficiaries choose Medigap for nationwide coverage along with a guarantee that the plan can never be taken away. Medigap plans may be guaranteed issue during your first six months of eligibility, after which you may need to provide health history to be accepted for coverage.
Medicare Enrollment
Your needs are bound to change, so it is recommended you review your Medicare options annually with an advisor.
Enrollment Periods
Initial Enrollment Period (IEP): The Initial Enrollment Period is a seven- month time frame that includes the 3 months before and after your birth month when you can sign up for Medicare.
Medicare Annual Enrollment Period (AEP): The Medicare Annual Enrollment Period is the annually designated period during which changes can be made to your Medicare coverage. AEP runs from October 15 to December 7.
Special Enrollment Period (SEP): Under special circumstances outside AEP, (such as moving home or retiring), the Special Enrollment Period, or SEP, is the time period in which you may be eligible to enroll in or change your Medicare options.
Medicare Advantage Open Enrollment Period (OEP): The Medicare Advantage Open Enrollment Period, or OEP, occurs January 1 thru March 31. During this time, there is a one-time opportunity to change your existing plan. Medigap, MSA plans and standalone Drug plans are not eligible for change during OEP.
Review your choices once a year
Medicare Terms
Medicare Assignment − Agreement from a doctor, hospital or supplier that they accept Medicare as full payment for covered services.
Co-insurance – You and your health insurance pay a percentage.
Co-pay – Fixed amount users pay towards the cost of care.
Cost sharing – The portion of the total cost that you are responsible for.
Deductible – The amount before health insurance pays.
Network – The facilities and physicians contracted by your health insurance. Networks are common with Medicare Advantage. Generally, care must be received within your network. In an emergency, Urgent Care or Dialysis may be covered outside your network.
Max Out-of-Pocket – The maximum amount that must be paid during a policy period. After reaching the maximum, your plan pays 100% of covered services.
Premium – The amount paid to Medicare or your insurance company for coverage. The Medicare Part B premium must always be paid by the insured.
Scope of Appointment Form − Before discussing your insurance needs with an Advisor, you will be asked to complete an SOA. This form identifies what types of coverage you wish to discuss.
Guaranteed Issue (GI) − A situation where a policy is offered to all applicants without regard to health status.Questions? We can help! Get in touch →
Have additional questions?
We’re here to help. Let’s talk.