Blog Archives

What types of voluntary products are typically offered?

Life Insurance The most common voluntary benefit by far is life insurance. Voluntary Life can be offered on either a group or individual chassis and may be either term, U.L. or Whole Life insurance. Group Term Life Insurance: This is … Continue reading

What are voluntary benefits?

Voluntary benefits often referred to as Worksite Marketing products, can be any type of additional benefit that is added to an employer’s menu of benefit options. These benefits may be provided through insurance products that can be classified as either … Continue reading

How do I determine the maximum contribution I can make to my HSA each year?

Individuals who are eligible on the first day of the last month of the taxable year (December 1st for most taxpayers) are considered eligible individuals for the entire year. These individuals are allowed to contribute up to the contribution maximum … Continue reading

What is a Health Savings Account (HSA)?

Health Savings Accounts (HSAs) are a way for consumers to pay for qualified out-of-pocket health expenses with tax-free money. As of January 1, 2004, almost anyone with a qualified high-deductible health plan can also have a Health Savings Account. HSAs … Continue reading

When am I eligible to enroll in Medicare?

Generally, you can sign up during the following times: Initial Enrollment Period —When you are first eligible for Medicare. (This is a 7-month period that begins 3 months before the month you turn age 65, includes the month you turn … Continue reading

Who is eligible for Medicare?

Medicare is health insurance for people who are 65 or older, under age 65 with certain disabilities and people of any age with End-Stage Renal Disease. Blog this! Recommend on Facebook Share on Linkedin Tweet about it Tell a friend

What is Medicare Supplemental or “Gap” coverage?

Original Medicare pays for many, but not all, health care services and supplies. A Medigap policy, sold by private insurance companies, can help pay some of the healthcare costs (“gaps”) that Original Medicare doesn’t cover, like copayments, coinsurance, and deductibles. … Continue reading

What is Medicare Part D?

Medicare beneficiaries with Part A and Part B are eligible to receive outpatient prescription drug coverage under Medicare Part D. In addition to the voluntary drug benefit, new preventive care services have been added to the overall benefit package to … Continue reading

What is Medicare Part C?

A Medicare Advantage Plan (like an HMO or PPO) is another health coverage choice you may have as part of Medicare. Medicare Advantage Plans, sometimes called “Part C” or “MA Plans,” are offered by private companies approved by Medicare. If … Continue reading

What is Medicare Part B?

Part B helps cover medically-necessary services like doctors’ services, outpatient care, home health services, and other medical services. Part B also covers some preventive services. Blog this! Recommend on Facebook Share on Linkedin Tweet about it Tell a friend