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…
What are your options for affordable small business health insurance? Small businesses are always looking for ways to stay competitive against its larger competitors. Trying to keep and attract quality employees is part of that focus. One thing employees are looking for is quality, affordable health insurance as a benefit. That said, what are…
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 the Charlotte Area Each year, we at Haynes Full Circle Benefits meet with thousands of employees and individuals in the Charlotte area with respect to their employee benefits and individual insurance needs. And because so many folks know our thoughts and feelings on all things “insurance related,” they often ask us who…
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…