Archive for December, 2017
Even if you live a healthy lifestyle, it is important for every person in America to have health insurance. Illnesses and injuries can happen out of nowhere, and health insurance helps to make sure your medical expenses are covered, at least in part. Out of pocket expenses for doctor’s offices and hospitals can be pretty outrageous, but with the right insurance, you can pay an affordable copay, only a percentage of surgery costs, and even pay much less when you go to purchase medications when you are ill.
A Medicare Supplement Insurance is a policy sold by private companies that helps pay for certain care that the original Medicare policy does not. It is otherwise known as a Medigap insurance, and can help cover the costs of things such as co-payments, coinsurance, and deductibles. Each policy offers different pros and cons. Some policies might offer services like medical care for when you are traveling outside of the U.S. and get injured or fall ill.
Here are three things to think about when looking at a Medicare supplement policy.
1. It is not a replacement
In order to eve qualify for Medigap policies, you need to have Medicare Parts A and B. It is required that you still pay these monthly premiums aside from what you’ll be paying your private insurance company if you decide to purchase a Medigap policy. Medigap also only covers one individual, not a family. If you are married, your spouse would need to purchase a separate medicare supplement policy.
2. It does not cover prescription drugs
In fact, it doesn’t cover a few things, but you’ll have to outweigh the benefits as well. For instance, a Medicare supplement policy does not cover prescription drugs, long-term care, vision and dental care, or hearing aids. To cover all of this, you might need to pay premiums for Original Medicare, Medigap, and Medicare Part D, which does cover prescription drugs. It might sound like a lot, but in order to be fulyl covered and face no gaps, it is probably best to invest in each of these.
3. It covers Medicare-participating doctors
The good news is that Medigap will cover costs that are associated with Medicare-participating doctors, so if you have a doctor you already regularly see and trust, then you can continue to see them and won’t have to switch.
Are you thinking of purchasing a Medigap plan? Let us know in the comments below!
So you’ve just landed your first apartment and you’re thinking about all of the different services you need to go out and purchase. You have to think about WiFi and cable, water and sewer services. However, you also need to think about insurance for your apartment, which is called renter’s insurance. This kind of insurance is important to make sure that your belongings are protected and you are covered for living expenses should something happen to your apartment you can can no longer live in it. This could be thanks to a fire, a hurricane, and some other kind of disaster or tragic event.
Here are three things to consider when insuring in Florida! Remember, insurance prices and policies changer per state, so be sure to read them through!
1. Think about the coverage amount
Remember, in the event of a natural disaster, renter’s insurance is meant to help you cover the cost of what belongings you’ve lost. The same goes for an accident or theft, as well. When you are trying to determine your policy amount, think about how much all of your belongings are worth and try to create a complete inventory of what is in your apartment. This is just one of the many things to consider when insuring in Florida.
2. Know what the policy is covering
For the most past, a natural disaster counts as something that is covered by a renter’s insurance policy. If your apartment became uninhabitable thanks to a hurricane, you would be covered. However, you really need to read through your policy options with a fine-tooth comb, as some smaller insurance companies might not cover you if your apartment is wrecked thanks to an earthquake or a flood.
3. Try and bundle your policies
If you’re looking for renter’s insurance and have a car, first check into how much you would have to pay the company that’s supplying your auto insurance. Many companies offer all different kinds of insurance, such as auto insurance, life insurance, home insurance, and motorhome insurance. If you bundle, it can end up costing you much less than if you went with another insurance company.
Do you have any other suggestions for those looking to buy renter’s insurance for an apartment in Florida? Write it in the comments below!