Q- Long Term Care.Q- When is the best time to
consider Long Term Care coverage?
A- Most clients should consider looking at Long Term Care in
their mid 50’s to early 60’s. Remember, Social Security and
Medicare do not cover long term care benefits. If you have a
special family history you might consider applying earlier.
There is an underwriting process and good health will buy the
Q- Can I receive both home health care and nursing facility
A- In California, all long term plans must offer some home
health care in addition to nursing facility coverage. Some plans
offer more coverage than others and clients should certainly do
Q- Should I consider buying one of the California Partnership
A- The California Partnership of Long Term Care is a select
group of Insurance carriers who offer special consumer
protection features and
the Medi-Cal Asset Protection benefit. This “lifetime asset
protection”asures that catastrophic long term care expenses
wont’ reduce you to Poverty even if you run out of insurance
Q- Are there different kinds of Life Insurance
A- There are several types of life insurance- The principal
types are Term, Universal Life and Whole Life Insurance. Term
Insurance provides benefits during the term of the policy, from
1 up to 30 years. Both Universal Life and Whole Life plans are
permanent type of plans that provide benefits whenever you die,
up to age 100 or beyond! These plans also have cash values
Q- How much insurance do I need?
A- When doing your insurance or financial planning, clients need
to look at a broad range of special situations or
considerations. These include providing replacement income for
your spouse and dependents, final expenses, passing assets to
heirs, paying state or federal estate taxes, funding a trust
agreement or making charitable contributions.
Q- Is Life Insurance very expensive?
A- The simple answer is no, it’s much more expensive when you
have no life insurance. There are many affordable options for
every client and situation. We provide many competitive plans
from the top insurance carriers in the country today.
Q- What kind of health plans are currently
available to me?
A- In California, there are several health plans available to
individuals, families and business groups from Anthem/Blue
Cross, Blue Shield, Health Net and PacifiCare/United HealthCare.
They include HMO, PPO, and H S A Compatible plans.
Q- What kind of things should I look for in comparing health
A- When deciding on a good health plan, people should always
look at the costs,annual deductibles, the doctor visit co-pays,
the coinsurance percentage, the annual out-of-pocket maximum and
the lifetime maximum. You should also look at the hospital
networks and physician providers.
Q- Are there any agent fees or charges to apply or see a
A- No, there are no charges to see quotes or a plan proposal. If
you apply for one of the health plans, you will have to pay the
premium directly to the Health Company. They offer monthly and
Q- Where can I find the best information for
Medicare Supplements and Part D Prescription Drug plans?
A- The best website out there is: Medicare.gov. Just in Alameda
County, there are over 25 different Medicare Supplements and 47
Part D Prescription Drug plans available. You can see both
benefits and rates. If you have any questions, please contact me
If you have any problems or questions, please contact the
Medicare staff directly at: 1-800-Medicare (1-800-633-4227).
Q- Do all the Part D Prescription Drug plans offer the same
A- Before you select the right Part D plan, you need to look at
the benefit overview. There are 47 different plans offered here
in Alameda County alone. All plans offer both generic and brand
drug coverage, but each one may offer different monthly
premiums, copays and limitations. Select the one that best
covers your prescriptions for the best cost.
Q- If I need Dental or Vision coverage, do most Medicare
Supplements offer these kinds of benefits?
A- Most Medicare Supplements do not cover any dental, vision or
acupuncture coverage. Please review what is and what is not
covered with the plan that you select. Although some Medicare
Advantage plans may offer some of these types of special
benefits, most do not.
There are stand alone dental and vision plans available for