

How Do I Know If Part D is Right For Me?
Medicare is divided up into four different parts. This allows beneficiaries to select the parts that align
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.Â
If you’ll be turning 65 soon, you have some important healthcare decisions to make.
Medicare Supplements are used to cover most, if not all, of the remaining medical costs that Original Medicare does not pay. There are 10 different plans to choose from, each one offering a certain list of benefits
Medicare is a national health insurance program for folks who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’re turning 65 soon, you’ll have some critical healthcare decisions to make.
Medicare Part D provides prescription drug coverage. Insurance companies offer this benefit either as an independent plan or beneficiaries can select a Medicare Advantage plan that also includes prescription drug coverage.
Original Medicare covers dental, vision, and hearing only when it is linked with inpatient or outpatient medical needs. We’ll explain what Medicare covers and what you’ll have to buy additional coverage for, should you need it. If you need additional coverage, we can help!
Long-term care (LTC) insurance pays for help with simple activities like bathing, eating, and dressing. It covers expenses that Medicare and health insurance don’t pay for.
Despite what your presumptions may be, long-term care needs aren’t restricted to senior citizens. Approximately 37% of long-term care services are given to people under 65.
Regardless of who you are, life insurance must be a part of your plan. Insurance coverage keeps your loved ones from incurring your debts, should something happen to you. Plus, it can help protect your business, provide for your kids, supplement your retirement, and give you peace of mind.
Annuities are investment products issued by insurance companies. They pay a guaranteed income for a period of years or for life. To purchase an annuity policy, you can make a single payment or a series of payments.
We are always here for our clients, and we’re ready to answer any questions you may have.
For more information or to schedule an appointment, contact us today!
Phone: 830-217-6711
Email: ron@t65s.com
Address:
1619 E Common St Suite 701
New Braunfels, TX 78130
Hours:Â
Monday       9 AM to 4 PM
Tuesday       9 AM to 4 PM
Wednesday    9 AM to 4 PM
Thursday       9 AM to 4 PM
Friday        9 AM to 11 AM
When you need financial advice, you can rely on the experts at Turning 65 Solutions. Our financial planning blog covers an array of topics, from retirement planning tips to the latest Medicare news. Read, learn, and stay informed as you plan for the future and live your best life.
Medicare is divided up into four different parts. This allows beneficiaries to select the parts that align
High-risk life insurance is a category of life insurance for those who are considered an increased risk to underwrite. If you have an occupation or hobby that places you in life-threatening situations, you could be considered a high risk. Also, insurance companies may deem you a high risk if your health is below-average.Â
Insurers can vary on how they label high risk. Once labeled as a high risk to underwrite, you may be prone to higher rates.
There are some situations or conditions where it makes sense to protect the ones you care about, which we’ll explain below. The primary reason to buy high-risk insurance is if you have dependents who are relying on your income and need to be protected. In the event of your passing, you’ll still be able to take care of them.
A dangerous profession can place you in the high-risk group. Here are some examples of high-risk occupations:
Different insurers have different interpretations of what a dangerous occupation is. The insurance company considers the daily activities you perform at your job and the working environment to evaluate the main risks of your profession. They will ask you questions about these things during the underwriting process.Â
In high-risk occupations, it’s common for employers to offer group life insurance plans to their employees. But basic group plans are often limited to $50,000 or the employee’s annual salary in their coverage. So, if a basic policy doesn’t meet your financial needs, consider acquiring supplemental life insurance coverage.
If you have a pre-existing medical condition or other health issues, the severity will determine whether you are labeled as high-risk. Some diseases can reduce life expectancy, which increases the overall risk for insurers. You may also be considered a high risk if you have developed habits that reduce your life expectancy. Here are examples of high-risk diseases and habits:
Each life insurance company has their own risk tolerance for patients with specific types of conditions or diseases. At Turning 65 Solutions, we have insight into what providers tend to accept and deny, so contact us if you have any questions.
Your hobbies may also cause you to be labeled a high risk when you apply for life insurance. The cost and likelihood of acceptance will depend on the type of personal hobby and the frequency at which you do it. Life insurance companies will typically ask you about these high-risk hobbies:
If you want to attempt an activity once, you wouldn’t be considered a high risk. For more information, contact Turning 65 Solutions today.
These rates are typically determined by the table rating system. The ratings, known as substandard insurance, feature the highest costs for coverage. However, each insurance company has its own way of evaluating your risk level.
If you’re looking to buy affordable high-risk insurance, it’s best to compare quotes and policies from many insurers before purchasing coverage. Insurance companies are more likely to accept your application and provide affordable rates if they specialize in the kind of high-risk life insurance that pertains to your situation.
If you need help finding an insurer that will offer the policy you’re searching for, reach out to Turning 65 Solutions. Our experienced agents have insight into which risks insurers will provide financing and can answer your questions. We also know which providers accept applicants with your particular risk profile. Give us a call today at 830-217-6711!
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