Posts by Chartlocal
What Is Indexed Universal Life Insurance?
There are several different types of insurance policies that provide financial relief when the policyholder passes away. However, the sheer multitude of policies available can be confusing for newcomers. In particular, indexed universal life insurance (IUL) is one of the least understood. Nevertheless, this kind of policy offers many benefits for the holder and can…
Read MoreIs Assisted Living Covered by Health Insurance?
The United States, like many other developed nations, has seen an increase in elderly citizens. As a result, demand for assisted living and other forms of elder care has increased significantly in recent years. This trend is sure to continue, and it has many families wondering how to pay for assisted living. Health insurance may…
Read MoreA Quick Look at Medicare Part A
Medicare is a federal health insurance program designed for those aged 65 or over in addition to younger individuals who have certain disabilities or end-stage renal disease. The program is composed of several parts, each addressing different elements of the health plan. Here we focus on Medicare Part A to provide a broad idea of…
Read MoreMedicare Prescription Plans: What Do They Cover?
Medicare prescription plans can help you cover the costs of expensive medications. If you have Medicare coverage, your prescriptions will be covered under Medicare part D of your plan. These are some important things you should know about your coverage. Medicare Prescription Plans: What Does Medicare Part D Cover? Prescription Drugs If you have an…
Read MoreMedicare Part C: Is a Medicare Advantage Plan Right for You?
While every American who reaches age 65 becomes automatically enrolled in the Original Medicare plan that includes Part A, inpatient, and Part B, outpatient care, this traditional health plan doesn’t provide Part C coverage for dental, vision, hearing, and prescription drugs. Advantage Medicare plans, that include Medicare Part C benefits and often more, may be…
Read MoreInsurance
Not all life Insurance policies are created the same. Traditional life Insurance policies only allow you to get the proceeds when a person dies. We use carriers that not only pay upon death, but also allow access to the death benefit while the insured is alive. Having access to the policy proceeds while alive can…
Read MoreStand alone Prescription drug plans Vs. Medicare Advantage plans
Medicare offers prescription drug coverage for everyone with Medicare. This coverage is called “Part D.” There are 2 ways to get Medicare prescription drug coverage: How Medicare Prescription Drug Coverage Works with a Medicare Advantage Plan or Medicare Cost PlanRevised May 2018Medicare offers prescription drug coverage for everyone with Medicare. This coverage is called “Part…
Read MoreDifference between Living Benefits & Traditional Life Insurance
Buying life insurance now provides a financial safety net for your dependents later if you’re not around to take care of them. After you’re gone, your family can use the proceeds to cover funeral costs, mortgage payments, college tuition and other expenses. There are two main types of life insurance: Term life insurance is the easiest…
Read MoreMedicare Supplement Vs. Medicare Advantage Prescription Drug Plans
Medicare Supplement and Medicare Advantage Prescription Drug Plans are not the same. Original Medicare • Original Medicare includes Medicare Part A (Hospital Insurance) and Part B (Medical Insurance). • If you want drug coverage, you can join a separate Part D plan. • To help pay your out-of-pocket costs in Original Medicare (like your 20%…
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