While Original Medicare, and especially Medicare Advantage, comes with a number of great and low-cost benefits, it does not cover all health care services that you may need after you turn 65. Keep in mind that the following list includes things that Original Medicare and the majority of Medicare Advantage plans do not cover. To…
Before 2020, Medicare Supplement (Medigap) Plan F was by far the most popular option for Medigap beneficiaries. That was because Plan F was the most generous of all the Medigap plans available on the market. It essentially covered all the gaps in Original Medicare, providing “first dollar” coverage for all services covered under Medicare. Medigap…
Many Americans are grossly underinsured against the risk of devastating long-term care costs. According to the 2020 annual “Cost of Care Survey” from Genworth, the average yearly cost for a semi-private room in a long-term care skilled nursing facility is $93,075 and rising, while the average assisted living facility costs $51,600 per year. Both are enough to…
As more carmakers introduce crash avoidance technologies in their vehicles, car buyers can be confused by the myriad of features and which ones actually work. A recent study by the Highway Loss Data Institute analyzed a number of technologies and ranked them based on how well they perform in reducing accidents, injuries and the cost…
You’ve had an accident and your vehicle is in bad shape. After you report your claim, the insurance company sends out an adjuster to determine if it is worth paying out for the required repairs or instead of paying you for the value of the vehicle at the time of the accident. If the cost…
At some point you’re going to be in the market for your next car, be it used or new. If you’ve narrowed your search down to the type of vehicle you’d like to own, you should check insurance rates before you buy. Often, we get calls from people who bought a new vehicle and gave…
There’s a ticking time bomb in your house right now, waiting to strike when you least expect it. In fact, there might even be more than one. And each can cause thousands and thousands of dollars in damage. Here at HFC Insurance, we are talking about faulty appliance hoses, of course. Consider your humble washing…
Maybe you’ve been here before. You’ve just come off the plane, picked up your baggage and gone to the rental car counter. You’re tired from the flight, about to begin an ambitious vacation or a challenging business project. And, this is the point at which you’re asked, “Do you want rental car insurance with that?”…
One of the most common types of business insurance is commercial property insurance coverage, which provides a wide range of coverage for buildings, inventory, equipment, tools and more. Losses from fire, break-in, vandalism, wind and other natural or manmade disasters are examples of what is typically covered. It does not cover your commercial auto. A…
How to Choose Car Insurance can be overwhelming. Because there are so many companies selling car insurance, sorting through all the choices to find the right policy for you and your family can be a challenging task. With each carrier claiming to offer the best value, it’s easy to feel confused. At first glance, all…
What Is Commercial Umbrella Insurance in Lancaster SC? Commercial umbrella insurance in Lancaster SC gives you extra coverage to help pay for costs that exceed certain liability policy limits. Without umbrella coverage, you’d have to pay out of pocket for liability claims that cost more than your coverage limits. This can include: Legal costs Medical…
The newly enacted Consolidated Appropriations Act, 2021(if you have time to read) contains a number of provisions that will affect group health plans. With most changes aimed at helping insured workers with flexible spending accounts, cost transparency and surprise billing are addressed. Furthermore, some of the provisions are permanent while others are temporary, slated to…
What is Auto Liability Insurance and What Does it Cover? If you are looking for car insurance in Lancaster SC, it is important to understand how parts of an insurance policy works. Auto liability insurance protects you and your assets from a costly claim and lawsuit. Let’s look at two areas: Bodily Injury The…
What Does Commercial Liability Cover in Lancaster SC? Protecting your businesses General liability, is a broad commercial insurance policy that covers general liability exposures of a business. General liability insurance (GL), is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from…
What is Commercial Auto Insurance? Commercial auto insurance in Lancaster SC can cover a combination of vehicle types and drivers, as well as some types of motorized equipment. Commercial auto insurance covers vehicle damage and driver injuries. It provides for bodily injury liability and property damage while operating a company automobile, and medical payments…
Medicare Advantage plans were created under the Balanced Budget Act of 1997 and signed into law by President Bill Clinton. These plans are commonly called Part C of Medicare. There are some important things to know if you are thinking of purchasing a Medicare Advantage plan. We will explain those things below. Medicare Advantage plans…
Health insurance never covers everything. Neither does Medicare. You will need to meet deductibles, copays and coinsurance. So, what is a Medicare Supplement? A Medicare Supplement is a type of health insurance sold by private insurers to cover the gaps in Medicare. This is why we refer to the plans as “Medigap Plans”. Medigap picks…
Medicare in itself can be confusing, Our goal is to try and make this decision clearer for you. For instance, Medicare Supplement plans are lettered A – N and each plan covers a different set of the gaps in Medicare. As you will see, you can compare Medicare Supplement plans side-by-side using the Medicare Supplement…
Auto insurance in Lancaster SC continues to rise. Who doesn’t want to pay less for car insurance? Billions of dollars are spent on ad campaigns to convince you to “switch and save” — but the truth is, many people can find savings no matter who their insurance company is. It’s also Important to compare auto…
How Your Auto Insurance Can Cause You to Lose Your Home When owning a car, it is important to protect you, your property, your assets, and others by purchasing the right auto insurance. There are many things to consider when protecting lives and property. Risky auto insurance is one. If you are looking for car…
There is another unfortunate side of the economic downturn that impacts every driver on the road: The number of uninsured drivers is expected to rise. The definition of an uninsured driver is simple- some one that has no insurance on their vehicle. However, if you are in an accident with an uninsured driver and do…
You’ve heard all the talk about driverless cars. Unfortunately, we’re still years away from living in a world where you just tell your car where to go, kick back and relax with a book (or, more likely, your phone). Even though our driverless future has yet to arrive, technology actually plays a big role on…
Home improvement: It’s a never-ending process for many people, and for those of us who aren’t necessarily handy, it can be a hassle, too. However, there are plenty of simple maintenance tasks and other inexpensive home repairs you can do to make your home safer – whether you’re handy or not. And you won’t have…
Understanding Your Home Insurance in Lancaster SC As a homeowner, one of the most important aspects of your home isn’t something you use daily. And it isn’t something flashy you show off to friends. It’s understanding your home insurance policy. It protects you in more ways than you may think. It helps you rebuild…
When a big storm hits in the Carolinas, you hunker down inside, relying on your home to protect you and your family. Once that storm passes, though, it’s time to repay the favor — identifying property damage and protecting your home from further issues. The National Storm Damage Center has a number of resources and…
Owning a home is usually a great experience. But it can also be a hassle, especially when unexpected issues pop up—whether you have a minor breakdown or a major catastrophe, it’s almost certainly going to require time and money to fix. In many instances, however, those “unexpected” issues shouldn’t really be a surprise at all,…
When teens begin to drive, according to the National Highway Traffic Safety Administration (NHTSA) and the National Safety Council, the sobering statistics start to pile up: Car crashes are the leading cause of death for U.S. teens ages 14 through 18. A teen’s crash risk is three times that of more experienced drivers. Being in…
As days get shorter and nights get longer, our habits begin to change. Most of us typically spend more time hunkering down at home and less time frolicking at the beach. That usually means resuming favorite fall pastimes like huddling through college football games on Saturday. Arriving along with the Fall season is a host…
Imagine how devastating it would be to lose your home in a fire. Now imagine not being able to rebuild it completely because you didn’t have the correct amount of homeowners insurance coverage. Selecting the proper amount of coverage is the single most important decision you can make with your home insurance policy. Without it,…
Spring is right around the corner, and the warmer weather often prompts people in the Carolinas to hop in their cars for weekend (or longer) road trips. Unfortunately, too many of those trips will end up being memorable for the wrong reasons, due to crashes and other risks that drivers face anytime they hit the…
Medicare Costs for 2021 What does Medicare cost? Is Medicare free? Is Medicare Part B free? What are my Medicare premiums in 2021? Many don’t realize that Medicare isn’t free. The costs for Medicare Part B and Part D, as well as supplemental coverage, are something that many don’t anticipate in retirement. It can surprise…
Medicare Advantage plans were created under the Balanced Budget Act of 1997 and signed into law by President Bill Clinton. These plans are commonly called Part C of Medicare. There are some important things to know if you are thinking of purchasing a Medicare Advantage plan. We will explain those things below. Medicare Advantage plans…
Health insurance never covers everything. Neither does Medicare. You will need to meet deductibles, copays and coinsurance. So, what is a Medicare Supplement? A Medicare Supplement is a type of health insurance sold by private insurers to cover the gaps in Medicare. This is why we refer to the plans as “Medigap Plans”. Part B…
Medicare Supplement plans are lettered A – N and each plan covers a different set of the gaps in Medicare. You can compare Medicare Supplement plans side-by-side using the Medicare Supplement plans comparison chart below. This makes comparing Medicare Supplement plans pretty easy. So there is clarity, Medicare Supplements and Medigap plans are the same…
Medicare Part D covers prescription drugs. Medicare Part D is a federal program that began in 2006. It provides Medicare beneficiaries with access to retail prescription drugs at affordable copays. Prior to 2006, people on Medicare had to pay high retail prices for their medications. This program helps seniors pay for much needed medications. Medicare…
Medicare Part C is strictly voluntary. It is the official name for the program we now know as Medicare Advantage. Medicare Part C plans provide you an alternative to traditional Medicare. Not everyone will feel like Part C is the best fit for them. It is important to understand how this plan works before you…
What is Medicare Part B coverage? It is your outpatient medical coverage for medically necessary healthcare services. What is Medicare Part B? What does Medicare Part B cover? Many people think of it as medical coverage, but it actually covers things both in and out of the hospital. Think of Part B coverage as any…
Medicare Part A is your hospital coverage. It provides you with affordable inpatient care. So, what’s does Part A cover? It’s going to cover a semi-private room with a bed for you, and all your regular meals while you are there. It will cover medications furnished to you by the hospital and any necessary lab…
Prescription Drug Discount Programs VS Medicare Part D Prescription drug discounts programs are popular today. You may say, which one is better for someone on Medicare? Below, we will make a comparison, Prescription Drug Discount Programs vs Medicare Part D. Could it be both? Making a decision between Medicare Part D or a Prescription Drug…
Click Here to Watch the Short Video Instead How Does Disability Insurance Work? Questions Your Employees Ask Disability insurance provides a source of income to people who are unable to work due to an accident or illness. The average disability claim lasts almost 13 months and mortgage foreclosures due to disability occur 16 times as…
Small business is the backbone of the US economy. Without it, the economy would collapse. That doesn’t mean we don’t have our struggles. Competition with larger employers is one of those and is a statement I often hear. How to stay competitive and keep good employees? It’s not that hard and it’s not one of…
Why Does My Medicare Supplement Insurance Rates Keep Going Up? It is never easy to absorb a rate increase on anything, especially during retirement. One question I often get is why does my Medicare supplement rates keep going up? Watch the short video below on why that happens and what you can do. …
Best Insurance Broker in Charlotte NC“I wanted to put in writing a thank you! Marty, you and your team’s performance regarding managing our employee benefits has been amazing! Not only did you keep communications open with us, but we were also continually assisted with our insurance needs. Being a blue-collar industry as well as having…
Why Does My Medicare Supplement Plan Continue to Go Up? This is one of the top questions we get from our Medicare clients. Most people, when they retire, are on a fix budget. Just like most things we purchase in life, Medicare supplements (Medicap) do and can go up. What causes the increases and what…
One of the country’s largest health insurers has sued a number of pharmaceutical companies, accusing them of running a price-fixing cartel of common generic drugs. Humana Inc. has accused the companies of colluding on the prices of generics to the detriment of health insurers and plan participants that have to pay for these drugs. The…
A new study has found that more and more large employers are ditching high-deductible health plans as the job market tightens and they need to boost improve their health insurance offerings to retain and attract talent, and saddle their employees with less of the cost burden. https://lnkd.in/fk-Wx6C
A new study published in the Journal of the American Medical Association estimates that about 25% of all health care spending in the U.S. is attributable to waste in the system. The study is eye-opening and reflects the need for new approaches in the health care system and how medical care and pharmaceuticals are paid…
Starting Jan. 1, 2020, employers can establish accounts for their employees to help them pay for individual health insurance policies they purchase, as well as for other health care expenses. A new regulation expands on how health reimbursement accounts can be used. Currently, employers and their workers can contribute to these accounts, which can be…
A new study has found that the average annual premium for a group family health plan has exceeded $20,000 for the first time in 2019, up 5% from 2018. The average premium for single coverage plans in 2019 is $7,188, up 4% from the year prior, according to the report. But what can you do…
The beginning of a new year can be really exciting. Begin a fresh start on changing your old ways. Maybe it’s spending more quality time with your family or taking better care of yourself. Dieting resolutions and gym memberships increase in January of every year. Within the first five months of the new-year, 80 percent…
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Lora has worked in the insurance industry for over 28 years. She has a vast knowledge of all aspects of insurance including health, life and property & casualty. From writing new policies to servicing clients, Lora has seen it all. Since everyone is different, Lora is here to personally guide you through your unique insurance…