What Do You Need To Know About Medicare Supplement Plan?

Posted by on Mar 6, 2020

With Medicare Supplement plans, Texas residents can make sure that they have adequate medical insurance coverage. If you only depended on the Original Medicare (Part A and Part B) plan, you would miss out on coverage expenses that you might need for copayments, coinsurance, and deductibles. You would also not get insurance coverage for when you are traveling out of state or abroad. However, you get coverage for these and can also choose out-of-network medical practitioners with Medicare Supplement plans Texas that you can buy from private insurance companies.

Here are a few things you need to know about getting these insurance plans:

You have to have Original Medicare

Along with having Medicare Part A and Part B, you must pick a locally available plan. Be prepared to continue paying the Medicare Part B premium along with the new Medicare Supplement premium. Consider signing up for it during the six-month open enrollment period.

You can get different letter plans

Plan G, Plan N, Plan C, and Plan D are the most affordable ones, currently. There will be changes, though, in 2020. You won’t incur any out-of-pocket expenses by getting Plan C and two other first-dollar coverage plans. You won’t be able to buy Plan F and High Deductible Plan F if you become eligible for Medicare after Jan. 1, 2020. If, however, you turn 65 before January, you can still buy these plans.

You will have to pay monthly insurance premiums

For their Medicare Supplement Plans, Texas residents must pay monthly premiums. Different insurance carriers will charge differently depending on various parameters, such as what your age, gender, and location are. The insurance carriers may also follow different pricing methods:

  • Issue-Age: The premium amount will depend on your age at the time of plan purchase.
  • Attained-Age: The premium amount will increase as you become older.
  • Community Rating: The premium amount will depend on your location.

2020 Medicare Supplement plans, Texas residents can buy

Plan G, Plan N, and Plan D are the most affordable Medicare Supplement plans that you can buy in 2020. Let us find out what these letter plans can offer you:

Plan G

This plan is ideal for providing you with coverage for the 20% copayment and coinsurance expenses that your 80% Medicare Plan doesn’t cover. Plan G also offers insurance coverage for the Part A deductible. Additionally, rather than having to make yearly payments, the plan only requires you to pay according to how many times you underwent hospitalization in a year. So, if it was a one-time hospital stay, you only need to pay once.

Plan G’s full insurance coverage includes medical emergency expenses and any other costs that you might have to pay if you see medical providers who charge more than what the Medicare Plan stipulates. That will make it a convenient plan to have if you are traveling abroad in 2020. And the best part is that since you only need to pay for the Part B deductible, the annual premiums are low.

Plan N

Plan N is also an ideal insurance policy for providing medical emergency coverage while you are traveling overseas. While it does not cover hospitalization payments or excess medical charges, it does cover up to $20 in copayment for a visit to the doctor’s clinic and $50 for emergency room treatment. And the premiums are low.

If you are using the plan within the United States, the issue of excess charges probably won’t concern you. Firstly, charging more than the Medicare-approved rate is illegal in many states in the country. Furthermore, only about 3% of U.S.-based doctors will charge in excess of this, and you may not even encounter them.

Plan D

Bolster your Medicare plan with Plan D. Along with offering Part A’s hospital and hospice coverage as well as its coinsurance expenses, Plan D covers Part B’s copayments and coinsurance. It doesn’t, however, cover the Part B deductible and any excess charges. It does provide medical emergency coverage while you’re overseas, though.Keep in mind that Medicare Supplement plans don’t cover prescription drugs, long-term care, private-duty nursing, hearing aids, and dental and vision care. You will need to get outside insurance coverage for those.

Read More

All You Need to Know About Burial Insurance

Posted by on Jan 1, 2020

If you are thinking of getting burial insurance in Texas, you will have plenty of company. A growing number of people are signing up for this type of insurance. The reasons are simple. Having burial insurance forestalls the inevitable conflict in some families about who will pay for the funeral when the time comes. It also resolves the financial difficulties that many families would encounter in paying the expensive funeral rates.

While some people leave money in their savings account for the funeral expenses, their family may not be able to use it for that. Banks are legally obliged to freeze the financial assets of the deceased. They can release these only after receiving the death certificate and other documents. It may take a few days to process these, and the funeral happens before that. It is necessary to have ready funds to meet the immediate expenses, and burial insurance will make those available.

Here is what you need to know about burial insurance.

Burial Insurance: What is it?

Burial insurance is a type of life insurance that pays for the funeral expenses of the insured person. As the costs of funerals are now in the $10,000-$20,000 range and beyond, not having burial insurance could very well put the deceased’s family in serious financial difficulties.

On the other hand, by having burial insurance in Texas, they won’t incur too many out-of-pocket expenses. It will pay for the funeral and, also, in some cases, for any outstanding debts that the deceased person might have left. It will depend on what they paid during the term of the plan, of course.

What Types of Burial Insurance Are There?

Most burial insurance plans have a cap of $50,000. It is usually sufficient to cover funeral expenses. Unlike regular life insurance plans, which can offer coverage of $50,000 and up to sustain the surviving family or beneficiaries, the purpose of burial insurance is not meant to provide an income.

Here are the available burial insurance types:

• Simplified Issue Policy

• Guaranteed Issue Policy

• Level Benefit Policy

• Term Life Insurance

• Whole Life Insurance

Simplified Issue Policy

The insurance company will review the applicant’s medical history to determine if they should underwrite a burial insurance policy for them. While the company won’t require the applicant to get a medical check-up, they may refuse to insure them if the applicant smokes or is engaged in physically risky undertakings.

Guaranteed Issue Policy

Even if the applicant has a medical history rife with health issues, the insurance company will underwrite them a burial insurance policy. However, they will charge them a higher premium.

Level Benefit Policy

The company will grant this policy only if they are satisfied with the applicant’s medical history. On the death of the applicant, their family or beneficiaries will receive the full death benefits, beginning from the date of policy issuance.

Modified Benefit Policy

For the beneficiaries to receive the full death benefits from the burial insurance, the applicant must have taken the policy at least 36 months before death. If they pass away before 36 months have elapsed, their beneficiaries will receive only a specific, limited sum. On the other hand, if the applicant dies in an accident, their beneficiaries will receive the full burial insurance benefits. In that instance, the period of the insurance policy does not matter.

Term Life Insurance

The beneficiaries will receive a policy payout from the insurance company if the applicant dies during the term of the insurance plan. But if the policy ends while they are still alive, they will need to buy a new term life burial insurance. Also, as insurance companies increase the premium amount by age, the applicants will have to pay a higher premium as they grow older.

Whole Life Insurance

This type of insurance policy provides coverage for the applicant’s whole life.

How to Find the Best Burial Insurance

It will help to contact the local insurance companies in Texas and have a look at the burial insurance policies they offer. By comparing the prices and services of the different deals, it may be possible to find a policy that is both affordable and offers decent terms.

Read More

How to Find the Most Affordable Medicare Supplement Plans

Posted by on Dec 5, 2019

The Original Medicare (Part A and Part B) plan doesn’t cover some healthcare costs such as copayments, coinsurance, and deductibles. To cover these gaps in medical insurance coverage, you can get Medicare Supplement Insurance plans from private medical insurance companies. Here’s how to find the most affordable ones:

Find out about monthly premiums

Different insurance carriers will require different monthly premiums, depending on your age, gender, and location. For instance, in the Issue-Age pricing method, the company will base their premium on what your age was when you bought the Medicare Supplement plan. In the Attained-Age pricing method, the company will factor in your age at the time of purchase and increase the premium amount as you get older.

With the Community-Rating pricing method, the premium you pay is dependent on where you live. So, if you get Medicare Supplement Plans Texas, you might have different fees than what you would pay in Florida.

Review the Letter Plans

Compare the benefits and coverage that you can get from the ten-letter Medical Supplement plans. As they back up the 80% Medicare coverage, you may have to pay almost no out-of-pocket expenses. Plan G, Plan N, Plan C, and Plan D are currently the most affordable Medicare Supplement plans, but things are changing in 2020.

As part of the comprehensive changes in Medicare, Plan C, and two other first-dollar coverage plans that cost you zero out-of-pocket payments, Plan F and High Deductible Plan F will be no longer be available after Jan. 1, 2020. So, if you become eligible for Medicare after this date, you will not be able to avail of these plans. However, if you turn 65 before January 2020, or if you already have the first-dollar coverage plans, you can continue with them.

Let’s consider some of the most affordable Medicare Supplement plans still available in 2020.

Plan G

With Plan G, you are covered for 20% of the copayments and coinsurance, and also for the Part A deductible.  You don’t have to pay for this deductible annually. It is based on how many times you are admitted to a hospital during the year. So, if you are a hospital in-patient twice in a year, you will only have to pay twice for the deductible.

If you are going abroad, Plan G will provide coverage for any medical emergencies and excess charges; these excess charges are levied if the medical provider charges more than the approved Medicare fee. This is a useful insurance plan if you are seeking a full insurance coverage policy with relatively lower premiums. If you get Plan G, you only have to pay for the Part B deductible annually and don’t have to pay for any of the Medicare-covered services.

Plan N

Plan N is similar to Plan G when it comes to coverage for the Part A deductible, 20% of what Medicare doesn’t cover, and medical emergencies when you are abroad. You can get up to $20 and $50 copayment for visiting a doctor’s office and an emergency room, respectively. However, the plan doesn’t cover copayment if you end up being admitted into a hospital. It also doesn’t cover excess charges.

You should consider getting Plan N if you want lower premiums and don’t mind too much about copayments and excess charges. Regarding the latter, it is important to note that you may not encounter them too often. Only about 3% of U.S.-based medical providers ask for excess charges, and in many of the states, they are not legally permitted to do so.

Plan D

You will get reliable support with this plan after your traditional Medicare plan ends. Plan D will then offer you coverage for the Part A hospital care and coinsurance costs for up to a year. It will also cover the costs for the Part A hospice care and coinsurance and for the Part B copayments and coinsurance. Additionally, it covers medical emergencies during foreign travels and coinsurance for care in a skilled nurse facility.

Plan D, however, doesn’t offer coverage for the Part B deductible and any excess charges.You should also check out the new High Deductible Plan G that will be available after Jan. 1 2020.

Read More

The Benefits of Burial Insurance

Posted by on Aug 23, 2019

There are different types of insurance plans intended to help with specific areas of life. Burial insurance is a type of insurance plan that pays benefits upon your passing. So, how does it help?

Burial insurance can seem like a frivolous expense. But it offers benefits that can help your family upon your passing.

Covers Burial Costs

Burial insurance pays benefits to the beneficiary mentioned in the plan upon the policyholder’s death. The benefit amount is for covering the expenses of the burial ceremony including the memorial service and other costs related to the funeral. You can even choose the funeral home as the beneficiary.

For instance, if you need to buy burial insurance in Texas; you can choose the funeral home of your choice in the city or town you live in and make them the beneficiary. In case you don’t have family living in the same place; this can be an ideal choice for taking care of your burial expenses.

With the help of burial insurance, you can have the kind of funeral you want without having to worry about your family or relatives having to spend the money from their own pockets.

Provides Funds for other Expenses

There can be other expenses also, which you can cover with burial insurance. There can be legal bills, due tax amount, any other debt owed by the policyholder to handle upon someone’s sudden demise.

These unpaid bills then become the responsibility of the surviving family members. It may not be possible for them to pay the bills comfortably or without taking on the additional financial burden. You can avoid all these hassles by simply buying burial insurance. The funds available upon your passing can be utilized for these expenses.

You can even withdraw some or all of the funds of your burial insurance benefits in your life if you suddenly need urgent money. Yes, doing so will affect your final benefit amount upon your death. But at least access to the policy funds is likely to offer you some peace of mind for emergency situations.

Gives your Family Relief

Funeral costs can get very high. Even the simplest of ceremonies can cost quite a lot. With burial insurance, you can be at peace that your surviving family members won’t have to go through the financial stress of planning your funeral. Imagine your family having to experience financial stress in addition to the sadness of your passing! You can spare them the hassles of arranging the funds for the funeral and simply have a peaceful time to say final goodbye to you.

Other Benefits

It is easy to buy burial insurance. There are no conditions attached for its purchase such as doctor checkups to qualify for one. Your insurer may ask you a few questions and you can qualify to purchase the policy.

You can even buy the policy online. An independent insurance company or agent can help you understand the process before you buy it. Some people may need to wait for a period of two years before the benefits of the policy can be used. Others have to go through no waiting period. Their burial policy benefits begin from the day of the approval of the application.

You also don’t need to spend a lot of money on paying its premium. You can purchase the policy with minimal coverage also. You need not spend large sums of money if you have no desire to do so. One of the best things about buying burial insurance is that it is quite inexpensive to buy but provides real benefits to your family upon your passing. The premium amount also remains the same for burial insurance. So, you don’t accrue additional expenses for paying the premium amount with every passing year.

It is a type of permanent policy with no term expiration date. The policy doesn’t expire as long as you are current with your premium payments.

Permanent policies also offer tax benefits. Due to the cash-value component of permanent policies, you can get some tax benefits on your burial insurance.Your insurance agent can help you find the right policy with the right benefits.

Read More

Burial Insurance – Four Reasons Why You Need One

Posted by on Jul 5, 2019

Burial insurance is simply a kind of life insurance that pays towards the funeral and other expenses after the policyholder’s passing. Upon the policyholder’s death, the policy pays the benefits to the beneficiary to be used towards planning the funeral, clearing debts, covering the legal costs, and any other expenses related to tying up the financial loose ends related to you.

You may think that if you have life insurance then you don’t need to buy additional policies for your burial expenses. But not every life insurance pays towards burial expenses. In fact, your life insurance is not likely to meet your burial or final expense costs.

Here are four reasons to buy burial insurance.

Offsetting the Cost of the Funeral Expenses

With the rising costs of everything due to inflation, even the costs of funeral expenses have become exponentially high; and continue to do so with every passing year.

If your family or relatives don’t have the means to provide a proper funeral for you; the related expenses can become a drain on their finances. Even if the funeral service is simple enough; the costs of everything related to it can be significant. Why put your family through financial strain when buying simple burial insurance can take care of everything?

With the benefits of burial expenses, you can even plan your funeral service as per your exact wishes. You can even direct the funds to go to your chosen funeral home. If the funds are leftover after the expenses of the burial or the cremation; your beneficiaries can use the remaining money to pay off your debts or cover any of your legal bills.

Standard life insurance policies don’t cover burials or funeral expenses separately. When you buy standalone burial insurance, it covers specific costs. The expenses related to funeral services can run into thousands of dollars. But with your burial insurance, you need not worry about the expenses anymore.

Inexpensive to Buy

Unlike other types of insurance policies, it is relatively inexpensive to buy burial insurance. If you choose to buy burial insurance from independent agents or companies; you can even get a better deal for burial insurance.
For instance, if you wish to buy burial insurance in Texas then it is best to approach an independent company to help you choose the ideal plan rather than purchasing a policy directly from an insurance company. Independent companies or providers know the insurance industry well. They can get you the best coverage as per your needs and budgets.

Easier to Qualify and Buy

Unlike life insurance or health covers, it is rather easier to buy burial insurance. There is no chance of your application getting rejected due to your existing health situation or current age. You can qualify to purchase burial insurance even in your advanced age if you know how and where to buy it. You won’t even need to go through medical tests in order to purchase the policy. An independent provider can help you find the right burial insurance policy easily.

You can even buy burial insurance at a younger age if you wish to do so. In fact, it is better to plan for unforeseen events in life as soon as possible for you. With burial insurance taken care of, you can relax and not worry about any unexpected expenses for your family due to your unexpected passing.

You don’t have to go through a lengthy application process to buy burial insurance. You can call a reputed provider in your town to get the process started, and they will guide you through the process.

Financial Support for your Surviving Family

It can be an incredible relief to know that in the event of your passing, your family won’t need to go through any financial strain due to your funeral or burial expenses.

With just a little bit of planning ahead for your funeral with the right burial insurance; you can offer help to your surviving family in the event of your passing. Such support can go a long way and will be appreciated given the rising costs of burial and funeral services.

Read More

Medicare Supplement Plans – Three Reasons Why Seniors Need Them?

Posted by on May 14, 2019

Medicare supplement insurance or Medigap is a plan that pays for healthcare costs not covered by original Medicare. You can purchase these plans from private insurance providers. Medigap is specifically beneficial for seniors.

Here are three reasons why seniors need them.

1. Medical supplement insurance offers more coverage

As a senior, you may not be able to meet all of your healthcare cost needs with the help of your original Medicare plan. The government has standardized Medigap so that you get the same benefits from every provider in your area. For instance, Medicare Supplement plans Texas from all providers will offer you the same benefits.

Seniors are more at risk from medical emergencies. They may also require more prescription drugs for specific medical conditions. There is also the likelihood of overnight hospital stays or more. All these can cost a great deal. The original Medicare doesn’t pay for all the expenses. You will need to shell out a great deal on deductibles, copayments, and co-insurance. But if you have Medigap, you will be able to offset a lot of your healthcare costs without worrying about the expenses. Some Medigap plans even offer coverage if you need to travel outside the country. Your insurance advisor can guide you to the right medical supplement plan as per your own unique needs.

Your Medigap plan can offer you coverage for hospital costs even after you have utilized all the Medicare benefits. Depending on your plan, you can get coverage for hospice care and the first 3 pints of blood. Other may offer coverage for nursing facilities and travel emergencies.

2. Medical supplement insurance can cover expenses for pre-existing conditions

There are a lot of restrictions when it comes to buying insurance with a pre-existing condition. Such restrictions can especially be disadvantageous for seniors who are likely to suffer from a serious medical condition or more. Seniors with Medicare plans can opt for Medigap regardless of any pre-existing conditions. The specifics of it will depend on the plan. For instance, you may need to wait for a period of six months or so before your Medigap kicks in for a pre-existing condition and pay for your out-of-pocket expenses.

If you purchase Medigap during the open enrollment period, you will be able to get coverage regardless of your existing health condition. Any delay in the enrollment can mean that you can be denied coverage for a period of time. You might not even be able to buy the plan. Your insurance advisor can help you buy the medical supplement plan without any problem.

3. Medical supplement insurance can help offset expenses so that seniors can pay for essential services

The fact that Medigap pays for many healthcare costs not covered by Medicare can help seniors to save money on medical expenses. They can pay for essential services not covered by any insurance plan. For instance, original Medicare and even Medigap (in most instances) don’t provide coverage for essential services such as vision care, hearting tests, and dental.

But the money you get to save in terms of deductibles, co-insurance, and co-payments can help you afford medical care for services not covered by most insurance plans.

Important Considerations

Before you buy a Medicare Supplement plan, it can be helpful for you to discuss the details with an insurance advisor. You can contact a good insurance agency in your area to know more about how Medigap can help you with your specific health needs

There are 10 kinds of Medicare Supplement plans. But not all plans are available in all the states. Premium amounts and coverage levels of each of these plans differ. But these will remain the same for each plan even from all the companies offering it. There can be some differences or exclusions in the coverage provided for each plan in different states. If such is the case, your insurance advisor can help you by providing all the relevant details.
Medigap plans are also individual plans. You and your spouse will need to buy separate policies depending on your unique health needs.

If you purchase a Medigap plan after considering all the costs and coverage areas, it can really be beneficial for you.

Read More

Ignoring A Life Insurance Cover Could Be Fatal – Check Why

Posted by on Mar 12, 2019

A life insurance cover can be a safety net for your family upon your passing. Life insurance can help a family not only to meet expenses but to continue to live a life of dignity. With so many options available for people in terms of life insurance covers, there is no reason to buy one depending on your requirements and your family’s well-being.  

Whether you need to buy life insurance in San Antonio, Florida, California, or any other state; it can be worth your while to carefully select a cover as soon as possible for you.

Reasons to Not Ignore Buying a Life Insurance Cover

An insurance policy is an assurance that in the likelihood of an emergency or loss; you or your family will be financially covered.

Over the course of your lifetime, you may buy insurance for your medical needs or to protect your vehicles and house. These are all significant insurance policies. But the significance of a life insurance cover is greater as it helps your family even when you are not around to financially support them. Ignoring to buy one can burden your family considerably when you are not around to take care of them.

To cover immediate expenses –

A life insurance cover can be used to fund all kinds of expenses upon your demise. Right from your burial expenses and service (which can get quite expensive), your family will be able to pay for everything without having to worry about the money.

Without sufficient funds at your spouse’s or kid’s disposal for these expenses, it can get very stressful for them to go through with the ceremony to honor your life. The expenses or any debt they might have to incur in the process can trouble them for a long time to come.

To meet daily expenses –

Your family will need to continue to live without you to support them. They will need money to live comfortably at least if not luxuriously.

Your kids might still be in school or college, and the tuition fee can be significant. Day-to-day expenses can really add up without regular paychecks. With your life insurance cover, you can help your family continue to live their lives without any stress about their necessary expenses.

To pay off debts –

So many women are able to continue paying their mortgages with the money left to them from the life insurance of their spouses. Children are able to pay off any debts incurred by their parents without worries. They are able to pay off credit card debts and other loans from the money they receive from the life insurance covers of one or both of their parents.

To transfer risks –

Even during your lifetime, you can be stress-free due to the fact that your life insurance has helped you transfer some if not of all the risk in the case of your demise. The fact that your family will be financially all right even when you are not around can be a huge relief for a father, a mother, or a spouse.

To help your family –

When you are buying a life insurance policy, you are securing the future of your family with or without you.


When buying a life insurance cover, it is important to select a plan that will actually be beneficial for your family. It also needs to be affordable for you in terms of premium expenses. So, take some time to research different policies before you buy one.

Evaluate if you need term insurance or if you can pay a premium for a permanent cover. Term insurance is useful to transfer risks for a limited period of time. For example, it can help you with a cover until your mortgage is paid off in full. A permanent cover will provide you cover for a longer period of time. You can even buy whole life insurance with a set amount of premium for the entire duration of your life.Universal life insurance plans offer flexibility to pay higher or lower premiums depending on your financial position. Indexed policies earn interests and can help you build robust cash value on it.

Read More

Why Medicare Advantage Plans are Important for You?

Posted by on Jan 14, 2019

Medicare Advantage plan is a type of private health insurance offered by private companies approved by Medicare. It allows you to get all the benefits covered under Original Medicare (Part A and Part B) except hospice care and additional benefits and services in a single plan. That’s why many medical beneficiaries choose Medicare Advantage plans in Texas over Original Medicare.

So why Medicare Advantage plans is important for you? Let’s find out.

Include Part D coverage

Original Medicare only covers Part A (hospital coverage) and Part B (medical coverage). It does not cover Part D. Most Medicare Advantage plans include Part D (Medicare prescription drug coverage) often for no additional premium. Therefore, when choosing your Medicare Advantage plan, you should carefully read all the benefits and services covered in the plan.

Additional healthcare coverage

Medicare Advantage plans also offer additional health care coverage including regular dental care, vision care, hearing aids, wellness services, fitness club membership, and weight counseling whereas Original Medicare does not offer these services. On average, original Medicare covers only about half of the healthcare expenses. Therefore, enrollees have to buy Medicare supplement plans to cover gaps in original Medicare.

Maximum out-of-pocket limit

This is the major perk of Medicare Advantage plans in Texas. Every Medicare Advantage plan has a maximum out-of-pocket limit. After reaching a certain fixed amount, you will not be charged for anything. Your insurance company pays for all the expenses of covered services. Original Medicare does have an out-of-pocket maximum. You have to pay your share all the way which may lead to financial disaster.

Save money

Original Medicare covers many things but not everything. Therefore, enrollees buy additional private insurances and plan to cover gaps in original Medicare, and for these additional plans, you have to pay the extra premium. You have to pay the monthly premium for your original Medicare, part D plan, and Medigap policy. On the other hand, Medicare Advantage plan covers all the benefits and services in a single plan. Medicare Advantage plans can save you plenty of money and cover all the benefits. Medicare Advantage plans usually have lower monthly premium than original Medicare plus Medigap.

These are the four key benefits of Medicare Advantage plans.

Types of Medicare Advantage Plans

Medicare Advantage plans in Texas is of different types, and each plan has different benefits, healthcare coverage, services, and costs. But every plan must provide original Medicare benefits. Following are the different types of Medicare Advantage plans:

Health Maintenance Organization (HMO) Plans

In the HMO plan, you can only go to doctors, hospital, and other healthcare providers in the plan’s network. Most HMO plans required you to get a referral from your primary doctor for tests or to see a specialist.

Preferred Provider Organization (PPO)

In PPO plans, a medical beneficiary pays less to use doctors or other healthcare specialists in the plan’s network. If you visit a doctor, hospital or specialist outside the plan’s network, you have to pay the full expenses.

Private Fee-for-Service (PFFS)

This plan is similar to original Medicare. You can go to any doctor or hospital that accepts plan’s payment terms. Your Medicare Advantage plan will determine how much you will pay to the doctor or other healthcare providers for healthcare services. You do not require referrals from a primary doctor for treatment by specialists.

Special Needs Plans (SNPs)

SNPs are designed for a specific group of people those who have a specialized health need, eligible for both Medicaid and Medicare, living in a nursing home or have certain chronic mental conditions.

HMO Point-Of-Service (HMOPOS)

HMO Point-of-service plan is slightly different than an HMO plan. It allows you to visit a doctor, specialist, or hospital out of the plan’s network at higher out-of-pocket cost.

Medical Savings Account (MSA)

This plan is less common plan than other types of Medicare Advantage plans. Medicare deposits a certain amount in your bank account which you can use for your healthcare expenses throughout the year.

You can choose your Medicare Advantage plans in Texas after weighing all the pros and cons of every plan.

Read More

Buying a Dental Insurance? Here is What You Need to Know!

Posted by on Dec 12, 2018

It is challenging to pick up the right dental plan, and the problem with the insurance policy is that until the time you need coverage, you may never even know that there were any limitations in the Insurance plan that you had purchased.

Understand your dental insurance

The dental plans only cover the preventive treatments, which are of a low cost. Most of the Dental Insurance Texas will cover 100% of the preventive care like x-rays and cleaning, 80% of the treatments that are basic like tooth filling and 50% of the costly and complex dental procedures like implants and root canal.

Also, most of the insurance plans will want you to be associated with them for at least a year before you can apply to get coverage for the costlier treatments and at least six months of membership to get the basic treatments.

The cost of a dental plan is just a little lower than paying for the preventive treatments directly. So it is just a way to pre-pay for your dental care. You also are assured that in case you need to go for more than one filling in a year then you are covered.

What factors should be considered when buying Dental Insurance?

Before you finalize the purchase of a dental policy, make sure that you are clear about these four factors of the insurance plan.

• Know the deductibles of the insurance plan – The deductible is the initial amount that you will be paying towards your dental treatment before you can avail the dental insurance benefits. Almost all the insurance plans have a deductible.

• Know the network doctors in the Dental Insurance in Texas. The plan should let you choose from a large number of dentists.

• Know what services are covered under the dental insurance plan. Most of the dental coverage would include the preventive treatments. You may also get plans that offer coverage for the advanced treatments.

• Lastly, understand what your budget is. You need to make sure that you are getting the best dental plan as per your budget.

Know your dental insurance plan

• Your dental insurance plans will offer preventive care. The preventive care includes a regular dental checkup, x-rays, and cleanup. Most of the dental insurance plans will cover 100% of this cost.

• The basic treatments like filing and extractions are covered by the plan. However, most of them only offer 80% coverage in these cases. This is also a good saving, but take care to know that the filing will not be the composite filing but the silver filing. You may have to pay extra for a composite filling.

• The advanced treatments like implants and root canals are also covered under the dental insurance plans. However, the plans only offer 50% coverage. But it still saves you lots of money since you need to pay only half the cost of the treatment.

• The corrective services like getting braces are not included in the Dental Insurance in Texas. For this, you will have to purchase a rider.

• The insurance policy saves you money, but you also need to be aware that these plans have a waiting period. The waiting period could differ between the dental policies but in most cases, it is three months for the preventive treatments and up to a year for the advanced treatments. It is thus important that you do not wait until the last to buy a Dental plan.

Your oral health is equally important for your well-being. It is thus important that you do not delay to purchase an insurance policy. Understand what the plan covers and take an informed decision to buy the right insurance plan.

Read More

Ask These Questions to Your Health Insurance Agent

Posted by on Aug 18, 2017

Medical emergencies can strike anytime and healthcare in this country is not really cheap. Being prepared financially for these situations is one of the wisest things you can do. Health insurance can really be a boon during medical treatments owing to the fact the healthcare is so expensive. When you have an insurance plan, a large amount of your medical fees will be paid by the insurance company while you cover the rest. Apart from staying on the safe side, there are many other advantages of health insurance. When you buy health insurance you are making a very smart financial decision and making good use of your savings money. Investing on a good health insurance is always important, so as to ensure that your money is saved wisely and claimed immediately when needed.

You can either take health insurance in San Antonio TX  on your own or take the help of health insurance agents; the latter is easy and has many advantages to it. When you are buying any insurance plan with the help of an agent, you don’t have to do any of the paperwork, nor remember any premium due dates or renewal dates either. An agent will ensure to show an array of insurance plans to choose from; plans that are customized to your needs and matching with your financial position. Most importantly, a health insurance agent will stand by your side while claiming your insurance money and help you during difficult times and medical emergencies.

Choosing a good health insurance plan is an important decision to make and in order to do so, you must first choose a good health insurance agent. In this article we will discuss how to choose a good health insurance agent and the questions to ask them before choosing one of them as your agent. Read on.

1. Are You Licensed?

Not everybody can become a health insurance agent and sell health insurance plans overnight. An agent has to be licensed to do so and while choosing an agent, you must always ensure that the agent you choose is licensed, so that you can count on his experience and legitimacy. You can also visit the agent’s website and look for these details. Generally agents display their licenses on their websites for clarity and convenience. If you don’t find your agent’s credentials on the website, you can certainly doubt his/her legitimacy as an agent and directly ask for it over a phone call.

2. What Insurance Plans can you offer?

An insurance agent will be well updated with information concerning health insurance plans and have a curated list of insurance plans from various insurance providers. Before you choose a particular plan, you can certainly ask your agent the plans he/she can offer and help you get good schemes or deals on your plan. An independent insurance agent will be unbiased and offer any plan that suits your needs, while a non-independent agent will only offer you insurance plans that belongs to the insurance providers he/she is affiliated with. So ensure to choose an independent health insurance agent for a number of unbiased options.

3. Can you provide references of claims handled before?

This is one of the most important questions to ask while choosing a health insurance agent. Claims are a big part of health insurance plans and when you or your loved one is facing a severe medical condition, the last thing you need is problems from your insurance plan. It would be very helpful when the agent can assist the claim process during these situations where you are emotionally vulnerable and need moral support. Any agent who can provide references to at least 2 claims he/she has handled before can be trusted.

4. What are the services you can offer after the purchase?

The job of a health insurance agent is not done with the purchase of a plan. Few agents go out of their comfort zone and keep a track of your plan, inform you about changes/updates, remind you about premium and renewal dates and more importantly help you with your claim when needed. When you ask your health insurance agent these questions, expect to hear all of the services mentioned above.

Read More