Andrew Sigerson’s Post

🕰️ As our population ages, the question of long-term nursing home care looms large. Did you know that traditional health insurance usually doesn't cover these costs? With national median prices for a private room in a skilled nursing facility at $102,200, careful planning becomes crucial. Asset protection is key, whether for your spouse or children. Consider the belt-and-suspenders approach: invest in long-term care insurance while you qualify, and ensure you receive entitled benefits under Medicare and Medicaid. Planning ahead can make all the difference in securing your future care without depleting your hard-earned assets. We're here to help. https://buff.ly/3oDqzAl #LongTermCare #ElderLaw #AssetProtection #SeniorHousing #ElderCare #LegacyPlanning

As advocates for long term care planning... it's important to separate myths from facts. Long Term Care Insurance can be affordable-- there are hundreds of ways to design a plan that fits each family's budget and needs. There is no deductible, as with health insurance. When you qualify for coverage, you can use it as soon as you meet the 2 out of 6 Activities of Daily Living requirement. Medicare offers very LIMITED assistance with home care. Medicaid is really for those with limited assets. There is both Traditional and Hybrid (Asset-Based) products available. A good agent should give you coverage options and include an inflation rider so your pool of money grows as you age. Yes, people over 50 may qualify (we get this question all the time). Policies today cover in home care and community living--as well as respite care for caregivers. You have choices--what questions can WE answer for YOU?? It's your good health TODAY which gets you the coverage you need (when you need it.) #longtermcareplanning #longtermcareinsurance #caregiverrespite #homecare #assistedliving #boardandcare #adultdaycare

BENEFITS MONDAY 🎯🎯🎯 Medicare is a health insurance program for people 65 years of age or older, some people with disabilities under 65 years of age, or People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant). Medicare has four parts, the FEHB plan brochures explain how they coordinate benefits with Medicare depending on the type of Medicare managed care plan you have. #Benefits #CBC

In the latest episode, we dive into the essentials of long-term Medicaid planning. This isn't about crisis planning where immediate care is needed, but rather about preparing ahead of time. Medicaid is a health insurance program for those who can't afford it on their own. In a long-term care setting, Medicaid can cover services in nursing homes, assisted living centers, or adult family homes. Learn how to plan for the future and ensure your loved ones are taken care of. Don't miss out on this important discussion. Listen to the full episode to get all the details. Link in the first comment. #MedicaidPlanning #LongTermCare #ElderCare #HealthInsurance #NursingHome #AssistedLiving #LegacyTalkPodcast

Staying covered if you lose Medicaid or CHIP https://lnkd.in/ea_gEZha #With eligibility requirements changing, will you and your family be covered? For the past few years, states had to continue your coverage in Medicaid (and in some cases the Children’s Health Insurance Program (CHIP)), even if your income or other factors changed that would typically make you ineligible. States are now returning to normal operations, so your state will start checking eligibility for these programs again. Your state will reach out to you if they need more information to check if you're still eligible to keep your coverage. You can prepare by updating your contact information with your state and checking your mail for a letter from your state. Complete and submit any forms your state asks for right away. If your state finds that your household income is too high or other changes make you ineligible, you may lose your Medicaid or CHIP coverage.

Choosing the right #Medicare plan can daunting, especially with an array of options available. Two prominent choices for seniors are Original Medicare and Medicare Advantage. Original Medicare, a government health insurance program, primarily caters to individuals aged 65 and older or those with specific qualifying disabilities. It consists of two main parts – Part A and Part B. Part A covers a portion of hospitalization costs, while Part B takes care of doctor bills and various medical expenses. On the other hand, Medicare Advantage, also known as Part C, is required to offer coverage similar to that of Original Medicare Parts A and B. Medicare Advantage often includes dental care, prescription drug coverage, and vision care. However, the specific benefits can vary depending on the state and provider. Original Medicare members typically pay 20% of the total cost of services. In contrast, Medicare Advantage plans utilize a set copayment amount. Understanding the disparities between Original Medicare and Medicare Advantage is essential. To learn more about the benefits of each, visit the link:  https://lnkd.in/eJbBC3pG #medicareadvantage #originalmedicare #medicaresupplement

As our population ages, more and more of us confront elder law-related issues, whether for ourselves or our parents. One of the most pressing issues is long-term nursing home care, which usually is not covered by traditional health insurance. Learn more about Elder Care & Medicaid Planning: https://buff.ly/3Jtoy1T #legacycounsellors #medicaid #eldercare

Medicare is a national health insurance program run by the U.S. government. It helps groups like seniors and people with certain disabilities or illnesses, like kidney disease and ALS. When you turn 65 and qualify for Social Security, you get enrolled in Medicare Part A, which pays for hospital costs, and Part B, which covers doctor visits. Keep in mind that you need to sign up separately for extra coverage options, like Medicare Part D for prescription drugs and Medigap for additional insurance. Make sure to pay attention to your enrollment periods so you don’t miss important coverage. Contact your Medicare broker for personalized advice and to explore your options!#financialfreedom #healthiswealth #lifeinsurance #healthinsurance

October is Long-Term Care Planning Month. Long-term care includes services designed to meet the personal care needs of seniors, yet many are unprepared for the associated costs. Research shows nearly 40% of people underestimate future expenses for assisted living, with many mistakenly believing Medicare will cover these costs. In reality, most health insurance and Medicare do not cover long-term care, making proactive planning essential. Nationally, the median monthly cost for a one-bedroom unit in assisted living is $5,200, with prices varying by region. #LongTermCare #assistedliving #SeniorCare #savemoney

Some Top Medicare FAQs Answered! 🧑⚕️ Q: What is Medicare? A: Medicare is a federal health insurance program for people 65+ or under 65 with certain disabilities. 📅 Q: When should I sign up? A: Your Initial Enrollment Period starts 3 months before your 65th birthday and ends 3 months after. Missing this window may result in penalties. 💊 Q: What’s the difference between Parts A, B, C, and D? A: • Part A covers hospital stays • Part B covers doctor visits & outpatient care • Part C (Medicare Advantage) offers extra benefits like dental & vision • Part D covers prescription drugs 💼 Q: Can I keep my employer coverage? A: It depends! You may be able to delay Medicare if your employer coverage is creditable. Got more questions? I’m a licensed Medicare agent and here to help! Feel free to reach out with additional questions - open enrollment is almost here! 😊 #Medicare #Healthcare #Turning65 #Medicare101 #OpenEnrollment #AgentsWhoCare