Input: What Is A Group Health Insurance?

Output: Group health insurance is a health insurance policy or plan -LRB- depending upon how it is funded -RRB- that is provided by an employer for its employees or through an organization such as a labor union for its members . In a group health insurance policy situation the employer is the actual policy holder and its employees and covered dependents are subscribers who receive a certificate of coverage . In this context the employee 's health insurance is tied to their place of employment and while -LRB- depending upon the size of the group -RRB- there are state and federal laws that allow for an ex-employee to continue their coverage through the group plan for some defined period of time , eventually a former employee will lose access to their ex-employer 's group plan and have to replace it coverage from a new employer or individual health insurance . With the latest round of implementation of the Affordable Care Act -LRB- ACA -RRB- effective January 1 , 2014 group health insurance is in many ways more complicated than ever before . For instance , employers in the 2 to 50 employee market segment in the vast majority of statesnow operate in a community rated situation and are finding that new benefit plan designs are being presented to them that may differ significantly from their current rate structures and plan designs . Fully insured ACA compliant health plans for the 2 to 50 market segment are now guaranteed to be issued , are not subject to underwriting and can have no pre-existing condition exclusions or waiting periods -LRB- just to highlight some of the most major changes -RRB- . Larger sized groups , while they are certainly impacted by the effects of the ACA , are still operating under a mix of the old rules and the new ones . So , right now groups with 51 + employees are still subject to underwriting , though the new ACA rules will be migrating up the ladder to apply to groups in the 51 to 99 employee range in the future . There will be groups who will be winners and losers under the requirements of the ACA and depending upon the composition of the group and its average income levels for its workforce , some employers may find that providing group health insurance is no longer in the best financial interest of many of their employees when compared with the subsidized individual health insurance that many of their employees could qualify for . If you are an employer faced with these issues and are looking for experienced guidance on these matters please feel free to contact me for a consultation .


Input: What Is A Group Health Insurance?

Output: Group health insurance is health insurance a business owns and offers to its employees . The business generally pays for a percentage of the premiums with the employees paying the rest . It 's often offered as a means of attracting people to come work from them . Group health insurance quotes are based on the size of your business , the industrys SIC code , age of employees , and average employee health -LRB- except in Maryland , which requires no medical underwriting -RRB- . There are no instant online quotes for group health insurance for these reasons . To get a quote for group coverage , you 'll need to contact a health insurance agent - working with an independent one will allow you to shop for quotes from multiple companies in one place . I hope the information is helpful - please feel free to contact me for help with your health insurance needs and if you have any other questions . Thanks very much .


Input: Why Do Banks Require Homeowners Insurance?

Output: Banks require homeowners insurance to protect themselves . When you have a mortgage on a home , the bank becomes part owner of that home . If it burns in a fire or is destroyed or damaged by a catastrophic occurrence it needs to be rebuilt or repaired . Home Owners insurance allows for this to be done . .


Input: Is Variable Life Insurance Worth It?

Output: Variable Life Insurance is a permanent form of life insurance and it is security . Any use of the separate accounts -LRB- excluding the guaranteed interest account -RRB- has the potential of market loss . Even the guaranteed interest account is subject to policy expenses that could exceed the interest credited . So its important to establish an investors profile addresses risk tolerance and economic goals in creating client product suitability . Variable life can have tax advantages and indemnification features that may fall within the scope of the investors goals and products suitability . In general terms , variable life insurance is a long term product , with surrender charges that could make it unsuitable for clients who need liquidity . If insurance is only being considered for death benefit coverage , there may be better alternatives with other types of permanent life insurance products .


Input: Is Variable Life Insurance Worth It?

Output: Is Variable Life Insurance worth it ? Like any policy , it depends on the premium you pay and the benefit you get . Of course , your spouse is the only person -LRB- or children/estate -RRB- that will receive the death benefit so perhaps you will have to ask them ? Keep in mind that there are many account options with a Variable plan and each one has a unique risk . A full-time broker can review the best plans and you can determine -LRB- as can the broker -RRB- what is most suitable for you . Without question , they will be your best resource for this question .


Input: Where To Buy Good Life Insurance?

Output: You can think of `` good '' in terms of life insurance as a product issued by a solid company at the lowest price possible . The reputation and financial soundness of the company has been discussed above . As to price , you can pay up to 50 % less on the same amount and term of insurance from one A-rated insurer to another . What this means is that to get good value on your life insurance , you should comparison shop . Many life insurance websites offer a quoting feature that compares policies available from insurers -LRB- from few to dozens of insurers -RRB- . Obviously , the more choices , the better odds that you will get the lowest price on the insurance you are looking for .


Input: Where To Buy Good Life Insurance?

Output: This can actually be a bit of a loaded question because the type of coverage you 're looking for , your need , your risk class , premium tolerance , and a number of other factors will really direct where you should go to buy your insurance . If you 're strictly looking at who is a `` top '' carrier , American General , MetLife , and Prudential -LRB- to name a few -RRB- may fit the bill . If you 're looking at just financials such as who has an A + + rating versus A + , A , A - , etc , Guardian and MassMutual may be more to your liking as they have some of the most superior financial ratings by A. M. Best . There 's hundreds of insurance companies out there . A life insurance policy with company ABC may be right for you , but not for someone else . You need to consult with an independent broker to determine which carrier will be good for your policy . Send me a private message if you would like to review quotes or have other questions - you can also visit my website .


Input: Where To Buy Good Life Insurance?

Output: Most life insurance is good because life insurance companies are heavily regulated . You can look at their ratings by AM Best , S & P , Moody 's , Fitch , or other rating agencies to compare them . It is also not hard to find agents that sell life insurance from good companies . You can find them online , in the Yellow Pages , or perhaps in your own neighborhood . If I was trying to decide which agent to choose , I would look at their testimonials , experience , and choices they offer . After they found my best options , I would look at the rating of the companies and go from there .


Input: When Is Long Term Care Insurance A Good Idea?

Output: Most advisers begin addressing long term care insurance with their clients and prospects around age 50 . But it seems that many seniors purchase it in their early 60s . The # 1 risk in retirement is human longevity . Living longer impacts retirement funds and the increased probability of needing assisted living and/or nursing home care .


Input: Why Is It So Hard To Sell Life Insurance?

Output: The vast majority of consumer centered advisers sell the appropriate life insurance product to meet the prospective purchasers personal suitability requirements . Providing good financial advice is not selling , it is more like a stewardship vocation or family consultant that uses the highest best practices in fiduciary trust . Product suitability trumps just selling a product .


Input: Why Is It So Hard To Sell Life Insurance?

Output: Most of us buy the insurance that is required . That covers our decision to buy auto , and homeowners insurance . Someone requires that we buy it . If you borrow money you might be required to purchase life insurance . Few are willing to independently consider the impact of premature death on the lives of those we love . It can be a difficult and painful discussion .


Input: Why Is It So Hard To Sell Life Insurance?

Output: Life insurance selling is challenging because brokers and agents need prospective buyers . Good activity in meeting new people and networking helps . It is all about marketing . The internet and social media has helped agents and brokers find prospective buyers .


Input: Why Is It So Hard To Sell Life Insurance?

Output: It can be hard to sell life insurance as a profession because it is an expense for which many people feel that they do not `` have '' to budget . When money gets tight , it is easier to give up life insurance than it is to give up something that brings them comfort or pleasure while alive . Thinking about death is also not pleasant for most people , and talking about it , even less so . Life insurance agents must have a mixture of business sense with personal empathy to be successful , do good for their clients , and be fulfilled .


Input: Can I Change Car Insurance At Any Time?

Output: It is your right as a consumer to change auto insurance companies at anytime . I recommend before doing so that you check with your current insurance company to see if there are any early cancellation fees or short rates on your existing policy and also to make sure your new policy is in force .


Input: Can I Change Car Insurance At Any Time?

Output: You can change car insurance policies at any time , presuming that your application is approved from the new company you are applying with . Since the application will be underwritten , you should never cancel an existing policy until you are officially approved and you have studied the coverage and rate . Changing car insurance companies makes the most sense if you are saving at least 10 % with the same or higher coverage . An experienced broker can help you find the best rates in your area . And our services and use of our websites are free !


Input: When Did Part D Medicare Go Into Effect?

Output: Part D Medicare went into effect on Jan 1 , 2006 . The Voluntary Prescription Drug Program was added to the Social Security Act by a ruling called The Medicare Prescription Drug , Improvement , andModernization Act -LRB- MMA -RRB- of 2003 . It allows persons enrolled in Part A and B Medicare to enroll in Part D for prescription drug benefits .


Input: How Good Is HDFC Life Insurance?

Output: HDFC Life is a long-term insurance solutions provider in India . The company started in 2000 . In June , 2013 , HDFC Life received an ASTD citation for the second year in a row . The American Society for Training and Development -LRB- ATSD -RRB- honored HDFC with an Excellence in Practice citation for Training and Development .


Input: How Much Insurance Should I Have On My Home?

Output: There are two answers because there are two major sections to the policy . You need to have the highest liability limit offered by the company . A lawsuit can bankrupt you ! The company will direct the amount of coverage that you need for a normal homeowners policy . Because they often guarantee replacement of the building they will require that you insure to value . There are calculators available to determine that amount . An agent can compute that for you .


Input: Which Is Better Life Insurance Or A Mutual Fund?

Output: which is better life insurance or a mutual fund ? I guess I would ask for what ? What do you want it to do ? Since a mutual fund actually can be literally thousands of possibilities , which type of mutual fund are you thinking about ? A high risk / high reward type pacific rim fund ? A new markets fund ? A government bond fund ? Are you comparing similar risk models when you compare or do you assume that it 's an equal comparison with unequal products ?


Input: Which Is Better Life Insurance Or A Mutual Fund?

Output: Which is better - life insurance or a mutual fund - depends on what you want it to accomplish . It also depends on which type of life insurance policy or mutual fund you choose . Some life insurance policies , such as Indexed Universal Life , can give you tax deferred income during retirement without the risk of loss . Contact an agent who sells both products to compare them side by side before making your decision .


Input: Who Offers Multi Car Insurance?

Output: Most auto insurance companies/vehicle insurance companiesoffer a multi-car/multi-vehicle discount : typically , a multi-car/multi-vehicle discount is when you have 2 or more vehicles -LRB- cars , trucks , SUVs , motorcycles ... -RRB- on the same type ofpolicy . Insurance companies usually do n't allow the multi-car/multi-vehicle discount for different types of motorized vehicles on different policies . For example - if you have a car on one policy and a motorcycle on a different policy -LRB- but both policies are with the same insurance company -RRB- then usually you would not get a multi-car/multi-vehicle discount . You would get the multi-car discountif you have 2 cars insured on the same auto insurance policy . Also , most companies that insure motorcycles will give a multi-unit discount if you insure 2 or more motorcycles on the same motorcycle insurance policy . The key point with the multi-car/multi-vehicle discount is that you are usually required to have 2 or more vehicles covered on the same policy . It is always best to review with your professional independent insurance broker to find the coverage options , as well as ways to secureall availablediscounts -LRB- so you wo n't end up paying more than you have to for your insurance -RRB- .


Input: Who Offers Multi Car Insurance?

Output: Most insurance companies offer various discounts , including multi car in one form or another . Commonly this would apply to 2 or more private passenger vehicles rated on the same policy , but cars insured by the same company that happen to be on separate policies would qualify as well . You may also find that the discount becomes greater the more vehicles that are insured . Some companies extend the multi vehicle discount to younger drivers who are insured with the same company as their parents so long as they are also still residing in their family home .


Input: When To Cash In Whole Life Insurance Policy?

Output: Are you seeking to cash in your policy now because the coverage is no longer needed , you can no longer afford the premiums or you need the cash now ? In general , you need to hold you policy a minimum of 15-20 years in order to have achieved a gain or return on your money that matches conservative returns today -LRB- ~ 5-6 % -RRB- . Surrendering your policy before then essentially creates or causes a less than attractive return on your premium dollars for that cash accumulation feature . If you are struggling to afford your premiums but do have a significant amount of cash value , surrendering your policy is not necessarily your only option . You can set your WL policy dividends to off set your premium costs rather than buying paid up additions . Depending on the age of your policy , the dividends may be significant enough to pay the premium in its entirety . Additionally , you can use an Automatic Premium Loan -LRB- APL -RRB- which automatically borrows from the cash value to cover your premiums annually . This of course , will reduce your policy face value with each loan but is a way to preserve some sort of coverage in the event that you are no longer able to afford it . Lastly , depending upon your age , you have the separate alternative of selling your life insurance policy to an investor in an transaction called a `` Life Settlement '' . The offers that policy owners receive , depending on certain parameters , are multiples of the policy 's cash value . You can read more about this through the Life Insurance Settlement Association -LRB- LISA -RRB- WEBSITELINK Please contact me if you would like more information about a life settlement .


Input: Why Do Annuities Have Surrender Charges?

Output: Annuities have surrender charges since the money in the annuity is invested in different timed instruments . The insurer maximizes their rate of return -LRB- and yours ! -RRB- by having sufficient time to manage the funds . If there is a constant flow of complete surrenders , the extra expense would make it more difficult to earn the desired rate of return .


Input: Why Do Annuities Have Surrender Charges?

Output: That is an excellent question ! I think a lot of people have the impression that like in the old days of Bonnie and Clyde that banks and insurance companies take your cash and pile it up in big vaults to gather dust until needed . The truth is that almost as soon as you 've given it to them , they 've turned around and used it to pay off something they owe on , or invested it to make some money for themselves . Therefore , when you buy an annuity , and promise them a number of years to use that money before they have to pay you , and then tell them you want it back , they are going to take a loss . They have to scramble to get your cash ready for you , and so that they do n't lose money , they pass that loss on to you in the form of a surrender charge . Their hope is that by putting a steep fee on taking the money out early , that you wo n't , and they can make money too . I am very careful who I sell annuities to , there has to be a very good liquidity and cash flow on your part to make this a good investment vehicle . I hope this helps , thanks for asking !


Input: How Much Does Auto Liability Insurance Cost?

Output: Liability coverage on autos is typically required in all states . Limits are usually in the $ 20,000 per person , $ 40,000 per occurrence range with additional property damage benefits . Of course some states have lower requirements , and others have higher requirements . The cost can vary depending on your age , your driving record , your zip code and the type of vehicle you drive . Monthly premiums could range from $ 35 to many hundreds of dollars per month since there are so many variables . A free online quote from multiple carriers is available through top car insurance websites , Of course , there would be no cost or obligation .


Input: How Hard Is It To Get Disability Insurance?

Output: How hard is it to get disability insurance ? Well let 's qualify it this two ways . First is it hard to get a poor disability policy ? No , it 's really easy and as long as nothing happens to you , you 'll never know if was money wasted or not . If something happens however , that 's when you find out . The other choice is a good disability policy with a real solid definition of disability that does n't find ways to reduce or even take away your benefit . Those will be hard to get , underwritten tightly and work fantastic if needed . Why so hard to get ? A payout on a disability policy that has that strong definition could pay out into the millions when a COLA rider is attached to it and with the strong definition , a person could still collect while working in another field . The RISK to the insurer is high , so they underwrite tight .


Input: Where Can I Get A State Farm Auto Insurance Declarations Page?

Output: You would have to contact State Farm Insurance for that page . If you are the insured and are covered with State Farm insurance then I would start with my local agent . If you are a vendor then I might suggest looking up the telephone number through your favorite search engine .


Input: Does Medicare Part B Pay For Glasses?

Output: Medicare does not normally pay for glasses . However , after cataract surgery where an intraocular lens has been implanted , Medicare Part B will pay for one set of standard glasses through a supplier enrolled in Medicare . In other situations , Medicare Part B unfortunately does not cover the cost of eyeglasses or contact lenses .


Input: What Can I Do To Lower My Car Insurance?

Output: There are many steps you can take to lower your car insurance rates . There are numerous discounts that are offered by most insurers , so taking advantage of all of them -LRB- if applicable -RRB- is critical . An experienced broker can help you find them . Being covered for the most cost-effective benefits and the right company is also important since it could mean the difference of hundreds of dollars -LRB- or more -RRB- . Comparing rates is a must and will put more money in your pocket . LIVE answer provided by : ED Harris - Premier car insurance broker for 33 years and owner of several top-rated websites that offer the lowest available rates .


Input: What Can I Do To Lower My Car Insurance?

Output: You can lower your car insurance rates by doing the following : Consider raising your collision and comprehensive deductibles . Check to make sure you are receiving all of theavailablediscounts including multi-policy , 55 and retired and alarm system . SHOP SHOP SHOP !!! When you shop different companies , you may be able to reduce your premium . A respected website will offer multiple quotes from top-rated companies . You may save more than you thought was possible .


Input: What Can I Do To Lower My Car Insurance?

Output: You can lower the premium by reducing coverage . If you have physical damage coverage you can also increase the deductible . This does not necessarily lower the cost of insuring an automobile . The greatest price you can pay is to be in a collision and not have sufficient insurance to cover the claim . That situation can send you into bankruptcy .


Input: Does Long-Term Care Insurance At A Young Age Make Sense?

Output: What age is considered young for long term care insurance ? When you turn age 50 , youll more than likely receive an invitation to join AARP . Most advisers start addressing long term care needs at age 50 as part of their retirement strategy for their clients . But age 60 seems to be the age where long term care becomes a serious consideration . But if your family has a predisposition to disease or a geriatric history of nursing home care , you may not want to wait until age 50 . When youre young and healthy , long term care insurance is relatively inexpensive . If your family fits this profile , you should investigate long term care even if youre age 40 .


Input: What Is The T On My Medicare Card?

Output: The letters at the end of your Medicare card indicate your beneficiary status . Most will have either and A or a B at the end of their number . If you have an A at the end you were a primary wage earner , a B , you are the spouse of a wage earner . A T at the end means you are not receiving SS benefits


Input: Does Renters Insurance Cover Pet Liability?

Output: Pet liability is a big issue and generally when the question is asked it pertains to a dog . Most renters insurance willexcludecertain types of dogs if they bit someone . Theseparticulardogs but not limited to are pit bulls , boxers , Akita , rottweilers , chows , and maybe more . It is very important you speak with a local agent on this issue about the breed of dog you own and if your renters insurance would protect you in the event of a dog bite .


Input: Who Has The Cheapest Homeowners Insurance In Illinois?

Output: I would encourage you to rethink this philosophy . Purchasing your homeowners insurance is often times not an ideal situation . You are entrusting your home to a carrier who is offering cut rate premiums when for a another $ 100 you can go with a highly rated insurance carrier . There is a tremendous difference between A + rate AM Best Insurance carriers and carriers who are only concerned with taking your premiums .


Input: What Age Should You Get Long Term Care Insurance?

Output: Sooner the better your never as health as you are today as we are one day older tomorrow . You can set your self up very well by getting it started early and in todays market place there are so many options that you can pick from to best fit your needs no matter your age .


Input: What Age Should You Get Long Term Care Insurance?

Output: It is important to get Long Term Care Insurance while you can still qualify for it . If you are under age 50 and are starting to have trouble with your joints , or lab results are starting to point to getting a chronic health condition , go out and get your Long Term Care policy ASAP . When those things get worse , you may no longer be able to qualify for Long Term Care . If you are over 60 and are still healthy , go ahead and get your Long Term Care Insurance then . Waiting until you are older will only make the rates higher , and you never know if a health condition might develop that will hinder your plans to purchase an LTC policy .


Input: Why Would Someone Be Denied Life Insurance?

Output: There are numerous reasons to be declined for life insurance . Think of it in terms of gambling . You are placing a small bet , monthly premium , in order to make sure your loved ones have enough money to live at their current means , which is a large payoff at your death . Therefore an underwriter will look at all of the factors to determine your risk of dying within a specified period of time . They look at age , build , medical history , health , lifestyle , residence , occupation , etc. to determine that risk . If they feel any of these factors are too risky you will be declined for life insurance .


Input: Why Would Someone Be Denied Life Insurance?

Output: There are several reasons an applicant would be denied life insurance coverage , chief among them is medical unsuitability , i.e the risk for the company is too great . Behaviors like hazardous vocations , dangerous recreational activities , multiple motor vehicle violations , DUIs and drug addictions . Falsifying information , misleading or omitting of material facts can also result in a declination .


Input: Why Would Someone Be Denied Life Insurance?

Output: Assuming that all the cards are on the table and the agent really knows what they are doing , declines should not happen too often . But even in that case , here are some reasons people can be denied life insurance . 1 -RRB- Medical reasons that even they may not realize or think about when they talk to their agent . E.g. . The applicant takes two medications for depression , which is insurable . But when the underwriter looks at the medical records , they find that the patient has recently expressed suicidal thoughts to their psychiatrist , and the policy is denied . 2 -RRB- Insufficient medical information . E.g. . The underwriter wants to see the results of an MRI and no one can find it . 3 -RRB- Tobacco with a serious health condition that is impacted by smoking . E.g. Someone says they quit smoking when they had a heart attack a year ago , but then tobacco is found in lab results . 4 -RRB- Financial reasons . E.g. . The applicant is in the middle of bankruptcy proceedings , has a very poor credit rating , and owes back taxes . Rather than calling this a decline , it is often called a postponement . 5 -RRB- Wrong product . This is the most common reason for decline I hear about when people come to us after being declined elsewhere . They were just told to apply with a product that clearly does not work with their health and personal details . That is a completely avoidable reason for being denied . As you can see by the examples above , some people would be better off going with a No Exam policy to lessen their chances of being denied . Others are better off using medically underwritten coverage . Using an agency that specializes in taking cases declined by others can help you get an approval the first time .


Input: Can I Buy Life Insurance On My Ex Husband?

Output: Can you buy insurance on your ex ? Possibly . He must either consent to be covered or through the court system , he may be required to purchase a policy . Ownership of the policy could go either way depending on consent or court decree . There is an insurable interest where support payments are involved .


Input: Can I Buy Life Insurance On My Ex Husband?

Output: If you have an insurable interest you may purchase life insurance on your ex-husband . That would probably mean that he is responsible for child support or alimony . While it requires his cooperation that cooperation can be ordered by the court . You should be the owner , payer and beneficiary of the policy . That way there is never a question of the policy having lapsed or the beneficiary being changed without your knowledge .


Input: Can I Buy Life Insurance On My Ex Husband?

Output: Being divorced myself , many years ago , I was required to have life insurance on myself for the benefit of my son , ordered through the courts . Today , I like to recommend looking at one of two types of insurance : the first being a term policy with a Return of Premium -LRB- available on a 20 or 30 year term -RRB- so when the kids are out of the house , you get all your money back but if something happens , the death benefit is there . The second is a permanent policy which you can change the beneficiary later . This keeps a policy in place after the kids are old enough where the life insurance is not required any longer . Take a look at your immediate needs and goals along with your long term goals if you have the time to do that during this process .


Input: How Can I Get Home Insurance Online In Maryland?

Output: There are several companies who offer home insurance in Maryland . The best way to shop for home insurance is through an independent agent . Obviously I 'm bias because I am an independent agent but I 've worked for captive and direct companies and there is a drastic difference . Independent agents are not held to one particular company . Tell them what you want and they 'll explain your options and compare rates with several different companies .


Input: Which Medigap Plan Is The Best?

Output: The best Medigap Plan is the one that meets your needs . With that said , Medigap Plan F is widely touted as the best Medigap Plan . It 's very popular because it has the most comprehensive health care coverage of all Medigap Plans . Medigap Plan F covers all your Medicare approved charges . You do not have to pay any co-pays , deductibles or co-insurance . As long as you pay your monthly premium , you will receive your Medigap Plan F benefits . Some would argue that Medigap Plan G is becoming the ` best ' Medigap Plan . It acts just like Plan F after satisfying the annual Part B deductible -LRB- $ 147 in 2014 -RRB- . The premium for Plan G is often lower than Plan F. . . which is why many people like it . It 's a personal preference as to whether or not you want to pay the Part B deductible yourself -LRB- Plan G -RRB- or have the insurance company do it for you -LRB- Plan F -RRB- . Some of my clients do n't like to be bothered with paying any bills , so Medigap Plan F works for them . While I have other clients who would rather save money on their premium and do n't mind satisfying the deductible . If would like more information regarding your specific situation , please feel free to contact me . In a matter of minutes , I can provide you with information on Medigap benefits and quotes for your area .


Input: How Do I Know What My Car Insurance Covers?

Output: You should read your policy completely to know what coverages are offered under the policy . Most auto policies will provide coverage for damages that you are deemed liable for . If you do not understand any part ofyour policy after reading it , contact your local your local agent to have them go over the policy with you .


Input: Is Short Term Disability Insurance Worth It?

Output: The first consideration is determining if your employer sponsors group benefits at work and if those benefits include short term disability insurance . If not then you should consider at the very least short term disability insurance to protect your paycheck . Most Americans have only 90 days in cash reserves , so it 's important .


Input: What Does Grandfathered Health Insurance Mean?

Output: Grandfather status applies to health insurance plans that have been in force before ACA -LRB- Obamacare -RRB- was passed in March of 2010 . In order to maintain Grandfather status , you must keep the same plan and have no changes made to it since . Any change in deductible or plan type would cause you to loose grandfather status . Is it important ? It depends on what your view of the future is . One side believes grandfather status is important and should be kept if possible . When the health care exchanges open in 2014 , those who are grandfathered will not be required to carry all the new required coverages ACA mandates . Others feel grandfather status is a gimmick and people will eventually lose it . After March of 2010 , no one else could get grandfather status . So that group of people -LRB- insurance policies -RRB- has no new people coming into it to help offset the increase claims that come with age . That grandfathered group of policies will start to see rates increase as claims increase . The healthy will likely drop grandfather status and go to the exchanges . This leaves even fewer health people to offset those who are sick on the grandfather pool , thus cause additional rate increases until everyone on grandfather status drops that coverage . How long that will take is up to debate and will like play out over time . Will it take 3 years or 6 year or more ; no one knows . If you are unsure if you have grandfather status , call your health insurance company and ask . They will be able to tell you .


Input: Who Benefits From Annuities?

Output: Tax deferred annuities are generally purchased for income after age 59 1/2 . The income can benefit the owner of the annuity , the beneficiaries of an annuity with period certain income like 10 or 20 years certain and even provide life time income you ca n't outlive . You can also take withdrawals .


Input: Who Benefits From Annuities?

Output: Annuities meet the needs of a great many people . I suppose the most obvious need is that an annuity can provide an income that you can not outlive . In retirement income planning there are some who feel that establishing a base income using an annuity is extremely important as it then allows the retiree to spend or invest the balance as appropriate for their standard of living .


Input: Does Car Insurance Cover Hitting A Deer?

Output: If your car is damaged because you hit a deer there is physical damage coverage available if you selected it . The coverage is called comprehensive . It normally has a deductible so the claim would be adjusted on the basis of the cost of repair minus the deductible .


Input: Does Car Insurance Cover Hitting A Deer?

Output: Assuming that your car insurance policy includes physical damage coverage for `` Comprehensive '' loss , then yes , you will have coverage if you hit a deer or any other animal . This coverage will also pay settlements for theft , vandalism , if your car bursts into flames or if an object falls on it while it is parked .


Input: Does Car Insurance Cover Hitting A Deer?

Output: Great question ! Yes , hitting an animal is covered under your insurance , assuming that you have comprehensive coverage . You might have to pay a deductible , you may not , depending upon your policy . Call your agent , and have them tell you exactly what it will cost you . Good luck ! Thanks for asking !


Input: Does Car Insurance Cover Hitting A Deer?

Output: Car insurance covers hitting a deer . Typically , if you have `` full '' coverage on your vehicle -LRB- collision and comprehensive benefits -RRB- , the claim will be paid by your insurer . Typically , it is classified as a `` comprehensive '' claim and not subject to any surcharges . You may have a deductible to meet , although having `` no '' deductible is fairly common . As an experienced car insurance broker -LRB- 33 years in the business -RRB- , this question is quite common and we handle them on a regular basis .


Input: Can Long Term Care Insurance Be Deducted From Taxes?

Output: In qualified long term care plans , long term care insurance can be deducted from taxes . The premiums that can be deducted are outlined in the instructions provided with your tax return . Qualified life insurance plans require inability to do two or more ADL 's or cognitive impairment with expectation of the need for care lasting over 90 days in order to receive benefits .


Input: Does Getting Married Affect Auto Insurance?

Output: Yes , in most cases . Rates for married vs single are different amoungst most companies . How it will affect your rates is unpredictible because it depends on whether or not you were residing in the same household over the last year for starters . In Wisconsin at least if you reside in the same household you must be listed on each others policies if separate insurance is carried . To know exactly how getting married would affect your rates , I would suggest contacting your local agent to discuss it with them .


Input: Does Getting Married Affect Auto Insurance?

Output: Being Married or not married is a rating factor in auto insurance . This is not to be mistaken as a discount . Variable rating factors ultimatelydetermine your final rate . Being married in most cases has a favorable rating factor . The criteria is with almost all insurance carriers is you must reside together or be able to explain a really good reason why you are not residing together if you wish to obtain the married rate . The spouse is not necessary required to be listed on the policy as an operator but must be disclosed as a household member .


Input: Does Life Insurance Go Into Estate?

Output: If a life insurance policy is not owned by an irrevocable life insurance trust or owned by a legal business or charitable entity , it is -LRB- with few a exceptions -RRB- in the policy owners estate . That , in itself , may be a nonevent depending on the size of the estate . If the assets of the estate including the death benefit proceeds total less than the unified credit , there may be very well no federal taxable event . However the resident state has its own exemptions and in most states is considerable less than the federal unified credit . So its important to seek legal counsel to determine the ownership of life insurance .


Input: Does Life Insurance Go Into Estate?

Output: If there is no named beneficiary or if the named beneficiary in a life insurance policy is not living at the time the life insured owner dies , and there is not a back up -LRB- contingent -RRB- beneficiary named , the proceeds go to the estate . This needlessly subjects the policy proceeds to probate . Always name a primary and back up beneficiaries and have a life insurance professional review your policy at least every three years to ensure your policy will perform as you currently desire .


Input: Does Life Insurance Go Into Estate?

Output: There may be two questions being asked here . 1 . Are the death benefits of life insurance considered as part of a deceased 's estate ? 2 . Do these life insurance proceeds go into the probate process after death ? Life insurance proceeds and value can be considered a part of the OWNER 'S estate for estate tax purposes if it is either owned by the person at the time of the insured 's death , or had been transferred away within the past three years . This can get complicated , and should be discussed with a professional in your area who can help you understand better . Now , for the second question . If structured correctly , just like Jerry said above , one of the benefits of life insurance is that it BYPASSES probate and is not dragged into that process . To take advantage of this , you should have your beneficiary designations reviewed on a regular basis by a trusted professional in your area .


Input: Does Life Insurance Go Into Estate?

Output: Life insurance proceeds generally do not go into the estate at the time of the insured person 's death . However , some people designate the estate as the beneficiary , in which the death benefit would go through probate . They will also go into the estate by default if all beneficiaries named are deceased . To avoid life insurance proceeds from going to the estate , name a person or organization as beneficiary .


Input: How Much Disability Insurance Can You Get?

Output: Your income and the individual Disability Insurance policy will determine how much Disability Insurance you can get . Most private , Long Term Disability policies allow a monthly benefit of 45-70 % of your monthly earned income . Group Disability insurance usually will replace 60 % of the base salary that is being paid to employees .


Input: How Much Disability Insurance Can You Get?

Output: Along with the 45-70 % that Peggy mentioned , many people choose to purchase other forms of insurance or DI to help make up for the remaining income that 's not covered . Critical Illness Insurance is often purchased so that the insured can receive a lump sum benefit on top of their monthly benefits . Also , you can purchase retirement plan DI , which will continue to make retirement contributions on your behalf should you be unable to work and make contributions to your 401k .


Input: What are my options for life insurance if I have chronic hepatitis b and mild cirrhosis?

Output: I do have a life insurance policy that you can get with chronic hepatitis B and mild cirrhosis , if it is available in your state . Ironically , there will be more policies available to you when you are over the age of 40 , but this one is available at age 29 . Unfortunately , you will not be able to get a medically underwritten policy with the presence of cirrhosis . I have tried this before and it would be a futile and disheartening experience for you . Please feel free to contact me for details of the policy that you can get .


Input: What are my options for life insurance if I have chronic hepatitis b and mild cirrhosis?

Output: You can go about securing coverage in one of two ways for this type of medical condition . A route with no medical questions would be issued under a guaranteed-issue , graded benefit whole life insurance policy -LRB- 2-year waiting period for full coverage to start - accident only coverage in years 1 and 2 -RRB- . The maximum amount of coverage you can secure under one of these programs is between $ 20,000 - $ 25,000 . Please note , most guaranteed-issue life insurance policy have a minimum age requirement of 45 or 50 years old . The 2nd route is going to be the most advantageous If you 're looking for more coverage than that , but you would need to go through full underwriting . These programs would allow you to secure full coverage from day 1 of the policy -LRB- no waiting period under a graded benefit -RRB- . The specific results of the liver enzyme tests for the conditions , the medications used to treat the condition , alcohol consumption frequency , how long you 've had the condition , and other factors contribute to the risk classification a carrier can offer -LRB- this determines the rates -LRB- cost -RRB- for the coverage , if approved -RRB- . Because there is a presence of hepatitis with cirrhosis of the liver , you will need to shop the case among multiple companies to see which carriers can consider coverage at what risk class . Every company has their own underwriting guidelines so some companies may be able to work with the medical history where others may not - for this , I highly recommend shopping the case first before applying for ANY coverage because throwing mud against the wall to see what sticks -LRB- applying to multiple companies -RRB- can work against you as it can become a red flag to insurance companies when they see declines in the MIB -LRB- Medical Information Bureau -RRB- records . An independent insurance broker such as myself can do this for you . My group is licensed in over 35 states and with over 50 insurance companies and we charge no fees to our clients for our services . We can help you with the entire process from start to finish . If you 'd like assistance in buying a life insurance policy , please send me a message and we will help you shop the case so you can secure the desired coverage at the lowest possible cost - my contact information is provided on my profile . I hope the information is helpful - thanks very much for your question .


Input: What Is A Life Insurance Premium?

Output: A life insurance premium is the cost of the policy you are purchasing . The `` premium '' is typically billed monthly or annually although semi-annual and quarterly are sometimes available . If it is a permanent policy , at some point , you may have cash value that accumulates that will give you some limited flexibility in paying the premium .


Input: What Is A Life Insurance Premium?

Output: A life insurance premium is what is paid to the life insurance company in exchange for their willingness to pay out the face amount of the policy if the insured person should pass away . Some policies will return the premium if death does not occur by the end of the term .


Input: Will Medicare Pay For Drug Rehab?

Output: Drug addiction treatment can be covered under Medicare Part A or Part B . If your treatment is in a Medicare approved facility , your doctor certifies your need for drug addiction treatment and the treatment is medically necessary , Medicare should cover a portion of the cost of your treatment and rehabilitation plan .


Input: Can I Change My Homeowners Insurance?

Output: Homeowners insurance coverage is typically an at will policy . You can normally add or remove coverages or endorsements at any time you like within the carrier 's parameters for coverage -LRB- this of course my affect your premium -RRB- . If you are looking to change carriers then you can cancel with your current carrier and sign up with another .


Input: Can I Claim Renters Insurance On My Taxes?

Output: The IRS does not look favorably on any personal insurance deductions such as car , home , boat , jewlery or fine art insurance or rental insurance . However , Renter 's Insurance Can be tax deductible if you operate a business out of your home . In order to claim the renters insurance as a valid deduction you must allocate a certain percentage of your home as your office space and that portion theirof is tax deductible as part of eligible expenses . If you do not own a business , you can not deduct your renter 's insurance


Input: How To Pay For Funeral Expenses With No Life Insurance?

Output: How to pay for funeral expenses when there is no life insurance ? Well the most basic way is to liquidate an asset or borrow from a credit card or dip into a family memver 's savings or investments . The problem with all of that is timing . Having to borrow or liquidate investments may cost more than what is spent on the service as cashing out in a down market or borrowing at a high credit rate can make things cost more . What life insurance does more than any other financial product is create a pool of money when it is most needed to be used for any purpose , without penalty , or tax or market risk .


Input: How To Pay For Funeral Expenses With No Life Insurance?

Output: This is a good question . I am sorry for your lost , this is the reason it s so important to get life insurance . If you do n't have life insurance , you may want to reach out to your community for help , churches , etc. . Talk to the funeral home and ask if there you can arrange a payment plan or if there are other ways to save money . Quotes are free , explore your options when it comes to life insurance everyone . Be Blessed !


Input: Can Unmarried Couples Get Auto Insurance Together?

Output: Yes , some carriers will allow unmarried couples to get an auto insurance policy together as long as they reside in the same residence . Contact a local agent to find out about coverage availability and pricing within your area . In some rare instances an unmarried couple may achieve better rates by securing separate auto insurance policies .


Input: Does Usaa Have The Best Auto Insurance?

Output: If USAA had the best autoeveryone would have USAA and everyone else would go out of business . I am an independent agent for dozens of companies and I get asked this question all the time . Who is the best ? My answer is there is no one company that is the best . Each individualor familymeetsdifferent criteria and have different needs . My job is to asses those needs and based on the information find the correct coverages at the most affordable rates . USAA is a good company but do they match up in every case . Absolutely not . And the reason for this is no company wants all the risk . As much as it seems by advertising insurance companies want everything in reality insurance companies only want to take on a certain percentage of risk and spread the rest around .


Input: Do I Need Vacant Home Insurance?

Output: I agree with Ted . Just because a property is vacant does not mean that your liability stops on the property or that the mortgage disappears . You own the property , it has some value , why not protect your investment . Would n't it be better to receive a check if the property experiences a covered loss as opposed to a bill for the clean up of the property and no check because it was n't covered not to mention the liability exposure . If you own the property typically you will be held responsible if someone is hurt while on it . Call your local agent for pricing of this type of coverage .


Input: Do I Need Vacant Home Insurance?

Output: Yes , if you own a home that is vacant you can still be held liability for damage to the home and liability . For example , if that home catches fire and causes damage to a neighbors house , if someone gets hurt on the property etc. . If there is a mortgage on the home the bank will require insurance . While you are not required by law to have insurance on a vacant home , you leave yourself open for major lawsuit if you do not cover it .


Input: Can Annuities Lose Value?

Output: The short isit depends on the annuity . There are basically three crediting methods used in deferred annuities : interest rate crediting , indice crediting and separate sub account crediting . Interest rates are generated by the companys predominately government bond portfolio . Most indexed annuities invest their interest rate returns in domestic and foreign index options . Some indexed annuities that credit zero in a given year , still charge policy expenses and which could result in a loss . Variable annuities use equity and bond instruments in their separate sub accounts selected by the variable annuity owner . These separate sub account allocations are subject to market risk , i.e. you can lose money .


Input: Can Disabled People Get Life Insurance?

Output: When a disabled person applies for life insurance there might be a tendency to limit personal information . It is wiser to trust the underwriters with as much information as you can provide . The information provided by your physician can sway the underwriting process . I recently placed a standard policy on a client with a severe , chronic disability . Both the client and I were delighted . It never hurts to ask a trusted agent for help . You might be surprised at the results .


Input: Can Disabled People Get Life Insurance?

Output: Can disabled people get life insurance ? This is an excellent question . There are some simplified issue policies that decline people on disability , as if all disabilities are the same . And disability is used as a factor in determining the health rating for many medically underwritten policies . So your question is very valid . The answer is `` yes '' , disabled persons can get life insurance . But they need to apply for a policy that fits their particular reason for disability . E.g. . If you use a cane for an old knee injury , you should pay much less than a person who usesa cane because he/she had toes amputated for diabetic complications . But if you do not use a company that is suited to your reason for disability , you may find yourself paying the higher price simply because you use a cane . The causes of disability are as varied as the number of illness and injuries that exist . And insurance companies sometimes treat those who receive Social Security Disability or private disability insurance as different from those who receive military disability benefits . So it does take an impaired risk life insurance broker with knowledge of multiple health conditions to sift through all your choices and find you the best one .


Input: Can Disabled People Get Life Insurance?

Output: That is a great question ! The answer is yes , you certainly can . I can not advise you strongly enough to find an agent who can help you find the right policy for you . There are a few different types of policies available to you , and they can run from very reasonable to unaffordable , depending on what you shown , and the reason for your disability . An experienced agent can find the right policy for you . If you would like to get a more personal answer , please contact me , I 'll be happy to set aside some time to talk to you privately . Thank you for asking !


Input: Why Is CareFirst Raising Its Rates So Much?

Output: I ca n't tell you specifically why CareFirst is raising rates but I do know this much . No matter what the increase is , most people think it is too much and unjustified . Health insurance rates rise because of a number of factors , all tied to the cost of health care . When claims go up premiums must follow .


Input: What Should My Homeowners Insurance Include?

Output: Most clients opt for minimum coverage and yet there are coverages that might be applicable to you that could save thousands of dollars . The first thing to consider is that neither flood , nor earthquake are covered . 25 % of property damage in the USA is caused by . . flood . Even if you are in a dry area consider getting a flood endorsement or policy . Earthquake coverage must be offered so the details about that coverage are normally available . Water damage from sewer back-up is a vital coverage particularly to older homes . Older homes also need coverage for ordinance changes that mean that your home would be more expensive to repair if there is a partial loss . A careful inventory of your personal property would probably uncover value that isnt covered by the policy . There are restrictions on several categories of propertywatch out . The last that I will mention is probably the most important , opt for the highest liability coverage that you can get from your company and then inquire into an umbrella . A lawsuit will ruin your weekend !!!


Input: Does Renters Insurance Cover Fish Tank?

Output: If your personal property includes a fish tank , it will be covered by your renters policy . It might even cover the damage that would occur if your fish tank were to suddenly leak and damage your personal property . It would only cover if certain perils occurred , such as fire and lightning . If the tank failed because of abuse or even normal wear , a claim would be more difficult .


Input: What Insurance Do I Need To Rent A Car In The Us?

Output: This depends upon where you are coming from . If you currently live in the U.S. you will have a couple of options . There are endorsements available through your current Home and Auto policies for rented/non-owned cars . If you have a credit card , then the credit card might offer car rental insurance if it is used to purchase the rental . If you do n't have Home/Auto insurance in the U.S. or a credit card then you can always purchase rental insurance through the rental agency . I hope these options help .


Input: Should You Have Short Term Disability Insurance?

Output: There are two categories of people who should have short term disability insurance . The first group is people who live check-to-check with little or no savings . A short disruption in income could cause them to quickly fall behind on the mortgage , car payments , and other regular bills . The second group is people who have a high probability of becoming temporarily disabled . People with active lifestyles or physically demanding occupations may need a policy . Women who are planning to have children will need to stop working while on maternity leave .


Input: What Is The Best Life Insurance To Buy?

Output: That is a great question , and one we are commonly asked . The answer really kind of depends upon what you want it to do , and your budget . If you want to have a policy to cover a short term loan -LRB- mortgage , college loans , etc. -RRB- then a term policy makes sense . If you just do n't have much money to work with right now , but expect to in the near future , maybe a term policy makes sense . If you want the security of knowing that your rates are set , and wo n't go up , and knowing exactly what the policy will pay when the time comes , then a whole life policy makes more sense . There are times when a combination of the two work best . The best thing I can suggest is that you contact an agent , and have them walk through your needs with you , and help you find what is best for you . Thank you for asking !


Input: What Is The Best Life Insurance To Buy?

Output: The best life insurance to buy is one that will provide enough death benefit to make sure that those you love are properly cared for in the event of your death . Part of that need will be permanent in most cases . In other words , you never live so long as to not have final expenses and perhaps other concerns . The remaining portion can be term insurance tailored to the length of the need .


Input: What Is The Best Life Insurance To Buy?

Output: The best life insurance to buy is a policy that meets your specific needs . There are a variety of policies to choose from because they have been developed to meet different needs . Term life insurance is the type of policy that will cover a temporary need -LRB- e.g. length of a loan or to raise children to adulthood -RRB- . Whole life insurance will satisfy any need that is present at death at any age -LRB- e.g. funeral , passing inheritance to next generation , or paying estate taxes -RRB- . Indexed Universal Life is insurance that can provide income during retirement . Once you have established the need , your agent will then guide you to finding the company that has your best rates . Sometimes poor health can limit your choices of what type of policy you can buy . But you will never know your best policy without a good agent to assist you .


Input: Why Do Apartments Require Renters Insurance?

Output: Renters insurance should always be mandatory . Its a very inexpensive policy , covers so many different type of instances and most often the savings on your auto insurance more than pays for renters insurance . Landlords that require it are genius . Remember your landlord has -LRB- should -RRB- insurance to cover the structure -LRB- house -RRB- , however this policy WILL NOT cover you , your stuff or pay to relocate you if there is a fire , water loss , burglary etc. . For a small cost usually 60 dollars or so a year you 've got protection for you stuff -LRB- clothes , furniture , books , computers ect -RRB- anywhere in the world !


Input: Why Do Apartments Require Renters Insurance?

Output: In many cases , having the tenants carry their own insurance will help the apartment complex lower their insurance costs . It is a way of sharing the risk and costs , which hopefully translates to lower rents for the tenants . Think of it like a pot luck dinner - if everyone brings a dish , the host can focus on supplying the drinks , and not worry about the cost of food also .


Input: What Is Human Life Value In Insurance?

Output: Simply put , your Human Life Value is the amount of income you will be expected to earn in your lifetime . A person earning $ 100,000 per year over a 30 year period , for example , would have an approximate Human Life Value of $ 3,000.000 . So if that person wanted to protect his entire Human Life Value , he would need $ 3,000,000 in life insurance .


Input: What Is Human Life Value In Insurance?

Output: Human value is defined by the gross earning power of an individual over their expected lifetime ; this should include Social Security benefits in retirement as well . That total earnings should also include an inflation rate , some underwriters use 3 % . The total sum will give you an idea of the human value you can indemnify for life insurance purposes .


Input: What Is Human Life Value In Insurance?

Output: Ted , I would like to respectfully disagree with your definition of what human life value is . Simply put , it is NOT the amount of income one is expected to earn in their lifetime . Earnings are a component of human life value , as are other factors , such as income taxes and personal consumption . One 's HLV is their economic value to their dependents . It can be roughly estimated by taking one 's expected gross earnings and subtracting income taxes and personal consumption . There 's more to it than that , but that 's an appropriate starting place . For a thorough explanation of what human life value is and why it 's important , and to use a tool to estimate your own HLV , please visit www.humanlifevalue.com


Input: How Long Does An Auto Insurance Claim Take?

Output: Oh wow , unfortunately there is no black and white answer to this question . It varies drastically from carrier to carrier but also from claim to claim . Your actual claim will determine a lot about how long the process will take to full resolution . If it is a simple `` fender bender '' where things are pretty cut and dry , you are talking a matter of a couple of days ... with our carriers and on claims like this as soon as the field adjustor can get out to inspect the car , they are usually cutting a check on the spot . If seen claims like this close in a day , but also have seem them take a couple of days to close simply due to scheduling issues . More serious claims take longer . If fault is in questions and police reports have to be pulled , this takes time . If there are serious injuries or death , these take a lot of time . Typically you do n't have to wait until the claim is settled to start the repairs on your vehicle . If you car is `` totaled '' you might have to wait until it is settled . Each claim and carrrier is different and you have the right to stay informed about the process . Your adjustor will no more than your agent so stay in contact with them and ask them direct questions about the length of time things should take and what you should expect during the process . Contact your local independent agent and ask them specifics on the claims process of their carriers .


Input: How Long Does An Auto Insurance Claim Take?

Output: Honestly that depends upon the severity or complexity of the claim . In many cases , more simple claims like glass replacement or towing reimbursement or even minor collision or comprehensive losses can be settled in a matter of hours and the work completed in a matter of days . Liability claims that are for the most part triggered by legal action , can take months to a few years to settle .


Input: Can A Roth IRA Have A Beneficiary?

Output: Yes , a Roth IRA can have a beneficiary . If your spouse is the beneficiary of your IRA , they can treat the Roth IRA as their own . If your beneficiary is other than your spouse , that person must take Roth IRA distributions by the end of the year containing the 5th anniversary of your death or over the life expectancy of the beneficiary , starting no later than December 31 of the year following your death .


Input: Can A Roth IRA Have A Beneficiary?

Output: There are many programs that are qualified retirement plans known as Roth IRAs . I am not sure that each will allow designation of a beneficiary . There are certain funding vehicles that include beneficiary designations , an annuity being one . Regardless , upon death if the proceeds have not passed by beneficiary they will still go to the heirs by will or probate .


Input: What Health Insurance Should I Get?

Output: Figuring out what health insurance you should get depends on several factors - mainly how much risk are you willing to take on and how big of a check are you willing to write . You have the options for bronze , silver , gold , and platinum level plans -LRB- as you go up in metal , the price goes up , but provides better benefits -RRB- - some areas also have a catastrophic plan available . In addition , your age is a big factor as well . The younger you are , the cheaper your premium - the older you are , the higher your premium . Also , if you use tobacco products , your premium can be increased up to 50 % as well . Bronze plans generally cover about 60 % of your healthcare expenses , Silver is 70 % , Gold is 80 % , and Platinum is 90 % . So , in short , the better the benefits that you want to have , the higher the premium will be.This is where an independent insurance agent can really help you . They can work with you to look at a wide range of options from many of the top carriers in the industry . So , in short , If you want to have better protection and take on less risk , you may want to look at a gold or platinum plan . If you want to simply keep your premiums down and do n't mind taking on more risk , you may want to look at a bronze or silver plan .


Input: What Health Insurance Should I Get?

Output: Always purchase a health insurance plan that has the best level of benefits which you can reasonably afford on a monthly basis . This is the # 1 piece of advice I 've offered health insurance clients in my 10 year career . It 's never served me wrong . Purchasing based on cost alone will leave you regretting your decision when something big happens and you really need to use it .


Input: Should Long-Term Care Insurance Be Mandatory?

Output: Health insurance is protection that everyone can use , if not for treatment , then for preventative purposes . Long term care insurance is not nearly as certain to be needed . Many people pass away suddenly , as in an accident or from an acute illness , with little to no time spent being unable to care for themselves . Therefore , I do n't feel that long term care insurance should be mandatory .


Input: Should Long-Term Care Insurance Be Mandatory?

Output: Should long term care insurance be manditory ? Well , I think this is more of a seeking opinion question that will have different answers for different people . Part of the healthcare change coming to us was supposed to be manditory long term care . The long term care portion was dropped as it was finally understood that the money was not there to run the program . Personally , I do n't think LTC insurance should be manditory , a person has to see the value in owning it or not .


Input: Is Homeowners Insurance The Same As Mortgage Insurance?

Output: No , homeowners and mortgage insurance are two different policies and they cover different events . Homeowners : this covers specified events that cause damage to your home , personal property and surrounding structures . Mortgage Insurance : this covers a default on the payment of a mortgage . What this means , is if you have a mortgage and you fail to pay it , then the mortgagee -LRB- e.g. bank -RRB- will file a claim against the policy to collect on the payment . I hope this helps .


Input: Can Life Insurance Look At Medical Records?

Output: Yes , when you fill out a Life Insurance application you give consent via a HIPPA form for the company to obtain any medical information necessary to underwrite your policy . Companies will usually just do a check through the Medical Information Bureau database . If everything matches up they will go no further . If there is something they need to check further , they may request Medical records from your doctor .


Input: Can Life Insurance Look At Medical Records?

Output: Can life insurance look at your medical records ? Yes as it is part of the process of underwriting . The applicant signs off as part of the application process the acknowledgement that medical records may/will be reviewed . While there are policies that skip this process , the cost of such policies tends to be very expensive .


Input: Why Is It Good To Have Renters Insurance?

Output: Not only is it good to have rentersinsurance , it is smart . Ask yourself this : if the place you live was destroyed by a fire , could you afford to replace all of your belongings from your checking or savings account ? For pennies on the dollar , the premium that you pay for renters insurance would provide such protection .


Input: How Much Is Health And Disability Insurance?

Output: The answer to this question will be different for everyone . health and disability insurance costs are dependent on your age , health history , and for disability insurance , your occupation . The best thing for you to do is to find an agent in your area who can explain the different types of coverage and provide you with multiple options for each type of coverage . You could also email a top contributor of Insurancelibrary.com directly -LRB- their websites are in their profiles -RRB- and ask them to help you get coverage . If they are n't licensed in your area , they can probably recommend someone who is able to assist you .


Input: Does Medicare Offer Life Insurance?

Output: No , Medicare does not offer Life Insurance . For those persons age 65 or older , there are a number of Senior Life Insurance policies that do not require an exam and at a reasonable price . They also are offered for persons of nearly every type of health condition , and generally are in Whole Life so will stay in effect until death at any age . You can find those by contacting an insurance agency and asking for final expense , senior life insurance , or burial insurance .


Input: What Does Qualified Retirement Plan Mean?

Output: Most qualified retirement plans are under ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- Theyre usually employer sponsored or individually elected plans , i.e. employer examples would be 401 -LRB- k -RRB- s , SEPs or 412 -LRB- e -RRB- . Individual plans examples would be Roth IRAs or traditional IRAs . The contributions are tax deductible . The plan account accumulates tax deferred . The distributions are taxable as ordinary income .


Input: Will My Auto Insurance Cover Vandalism?

Output: Yes , it is covered under the comprehensive portion of your auto insurance , of course less your chosen deductible . Deductibles can vary greatly from -0 - to up to $ 2500 with most carriers . A few companies allow you to have a higher deductible on comprehensive & still have a ZERO deductible for glass . Contact a independent agent for the most options .


Input: Will My Auto Insurance Cover Vandalism?

Output: Vandalism is covered under the comprehensive -LRB- other than collision -RRB- portion of your policy . Typically , newer vehicles have the coverage as well as vehicles that are less than 15 years old . A deductible may apply to your policy , which is the portion you will be responsible for . Typically , the deductible ranges from $ 0 to $ 500 .


Input: Will My Auto Insurance Cover Vandalism?

Output: Great question ! I am sorry to hear you need to ask this question . The good news is that if your coverage includes comprehensive coverage , then your damage is covered . Call your agent , and see if the estimate to repair is more than your deductible , if it is , file a claim . If it is less than your deductible , maybe it is wiser to fix it , and skip the claim , as it may result in higher premiums , and you would have had to pay for the repairs anyway . Good luck ! Thanks for asking !


Input: Does 401K Withdrawal Affect Taxes?

Output: When you withdraw money from a 401 -LRB- k -RRB- it is taxed as a distribution of ordinary income . If you take it out prematurely and you dont meet an exception you will also be subject to a special 10 % surcharge . Remember that money in a 401 -LRB- k -RRB- has not been taxed previously .


Input: How Does Long Term Healthcare Insurance Work?

Output: Long Term Healthcare Insurance works by either reimbursing the provider of the long term care , or paying the benefit directly to the insured person to pay for their own long term care services . This occurs after the insured person qualifies for the benefit to be paid , by being unable to perform two or more ADL 's and a few other conditions . When the elimination -LRB- waiting -RRB- period has passed , the Long Term Care Insurance benefits kick in .


Input: Does Life Insurance Premium Include GST?

Output: Life insurance is exempt from GST -LRB- Goods and Services Tax -RRB- in Australia because it is classified as a financial supply there , and Australia exempts financial supplies from GST . Likewise , there is no GST related effect when payment of claims are made by the life insurance policy . GST is also not included in life insurance premiums in New Zealand as life insurance is also exempt from GST in New Zealand .


Input: Can Teachers Have 401K?

Output: Yes , Teachers can have a 401 -LRB- k -RRB- if their place of employment is a for profit school . Most Teachers have a 403 -LRB- b -RRB- available to them for retirement planning . 401 -LRB- k -RRB- and 403 -LRB- b -RRB- are sections in the IRS code which define what retirement plans are available for different groups . I would recommend looking up the code and/or talking to your HR administrator for more information . If they are not available , please contact your agent or broker who can help answer any specific questions you have .


Input: Can You Drive A Car With Someone Else's Insurance?

Output: Insurance isnt on the driver . Insurance is on the automobile . The issue is to determine if the car is insured . If it is , anyone driving it is insured . However , you will not be covered operating your car with your neighbors insurance policy . Your neighbors policy covers his car , not yours .


Input: Can You Drive A Car With Someone Else's Insurance?

Output: That is a great question ! The answer depends upon your companies policy . Some companies will require the drivers to be listed on the policy , some will extend driving privileges to all members of the household . Some will go so far as to allow anyone that you give permission to . Check with your agent first , and find out their rules . Thanks for asking !


Input: Does Homeowners Insurance Cover Other People'S Belongings?

Output: If the property is in your care custody and control then it would be covered . For example , if you borrow someones musical instrument and you have a fire , that item would be covered . If you have a family member living with you and they have belongings in your home , they would be covered . If however you are renting an apartment or room in your home , that persons property may not be covered .


Input: Will Homeowners Insurance Cover Septic System?

Output: A homeowners policy covers damage caused by named perils . The septic system could theoretically be damaged by a named peril but it is not very likely since it is underground . It is more likely that damage to the system would be the result of fair wear and tear or earth movement . These particular risks are excluded in most homeowners policies . Refer to your policy for specific information .


Input: Can Hospitals Bill Medicare Part D?

Output: Medicare Part D is your prescription coverage for self-administered drugs.When you have a covered inpatient hospital stay , Medicare Part A will cover your medicines administered during your stay . Medicare Part B only covers some types of drugs , typically those that are n't self-administered or are given during a doctor 's office visit or procedure . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does Homeowners Insurance Cover Sewer Line Replacement?

Output: Usually no . . however some insurance companies will allow you to add a `` service line '' endorsement that could provide coverage for a sewer line . Typically it will only cover the portion that runs through your property .


Input: Does Homeowners Insurance Cover Sewer Line Replacement?

Output: Normally , No . A homeowners policy normally excludes coverage for normal wear and tear . A policyholder might be able to argue that the sewer line was damaged by one of the covered perils but it is very difficult to imagine that .


Input: I Own A Duplex & Want To Put It In An LLC. Can It Be Insured?

Output: Yes of course , but more than likely it will not qualify for a standard dwelling policy issued on a personal lines form . Instead it will need to be covered by a commercial policy designed to offer protection for properties that are titled in the name of a business , in this case an LLC .


Input: What Questions Should I Ask About Long Term Care Insurance?

Output: Some questions to ask about long term care insurance are : 1 -RRB- Is there an inflation rider to cover increasing health care costs ? 2 -RRB- How long is the benefit period ? Does it go by years , or when the lump sum runs out ? 3 -RRB- How long is the elimination period ? 4 -RRB- What are the triggers for benefit to begin ? 5 -RRB- What type of care is covered ? -LRB- e.g. could you pay a relative to care for you in your home -RRB- 6 -RRB- Is the company solid ? What is their history of rate increases ? 7 -RRB- Is the policy tax qualified or a partnership policy ?


Input: Is Buying Disability Insurance A Good Idea?

Output: Is buying a disability policy a good idea ? Well , it 's going to depend on if the person buying it sees the value in it . Insurance is a way to protect yourself from loss . Disability insurance is paycheck protection . It creates a pool of money when you ca n't because of illness or injury . How valuable that is to you , depends on how you feel about it .


Input: Is Buying Disability Insurance A Good Idea?

Output: The reality is that Americans ages 35 to 65have a 1 in 4 chance of becoming disabled for more than 90 days . Considering the average American only has 3-6 months of cash reserves in savings , you have to be prepared to cover your bills , mortgage , etc. in the even that you become disabled and can no longer work . And do n't forget that 90 percent of disabilities are caused by illnesses -- not injuries . You ca n't assume a disability wo n't happen to you , especially since there 's a 1 in 3 chance it might .


Input: Can I Sign Up For Medicare Part B Late?

Output: Yes , however , the best time to sign up for Part B is during your initial enrollment period when you turn 65 . If you choose not to enroll in Part B when you 're first eligible , you can enroll during the General Enrollment Period - January 1st to March 31st of each year . When you do this , the effective date will be July 1st . You may be subject to a late enrollment penalty if you do n't sign up when you 're first eligible : an additional 10 % is added to your premium for every year you did not have the coverage . You can avoid this penalty if you qualify for a special enrollment period - the most common way this happens is coming off of a group plan . A special enrollment period is an 8-month window to enroll in Part B without the penalty being tacked on to the premium . If you enroll during this 8-month window , the effective date would become the first day of the following month .


Input: Can I Sign Up For Medicare Part B Late?

Output: You can sign up for Medicare Part B late , but there may be penalties . If you do not enroll in Medicare Part B when you first become eligible , you can enroll during the open enrollment period from January 1 and March 31 each year . If you sign up during this period , your plan will become effective July 1 . You will be charged an additional 10 % on your premium for every 12 months you went without coverage . However , if you did n't enroll because you were covered by a different insurance plan , you can sign up during the eight months following the end of that plan without a penalty .


Input: Can You Claim On Two Life Insurance Policies?

Output: It would be pointless to have more than one life insurance policy if the beneficiaries could only claim on one . So yes , as Peggy said above here a beneficiary may file claims on as many policies they are named as beneficiary on . Now if you are the owner of multiple `` cash value '' policies such as Whole Life or Universal Life and there is cash value accumulated in them , you may also take loans or surrender value from as many as you own and have cash values in . Life insurance is a vehicle for benefits . It 's kind of like having more than one car or truck . If they 're yours you can drive whichever one you want .


Input: Can You Claim On Two Life Insurance Policies?

Output: Yes , you can claim on two life insurance policies . A person can have as many life insurance policies as they are financially qualified to have , and their beneficiary can collect on however many life insurance policies that were left for them . Sometimes people take our several types of policies , or with different companies . It does not matter ; you can claim on two or more policies .


Input: Is It Better To Get Life Insurance When You'Re Young?

Output: If you are healthy and have no other risk factors , it is cheaper to get life insurance while you are young . It is also a good time to lock in premiums before you have any health conditions . Young people often feel as though nothing serious can happen to them , but cancer , diabetes , heart disease and accidents can strike at any age . What seemed like a big monthly payment when you take out the policy , will look like peanuts to you in the future .


Input: Is It Better To Get Life Insurance When You'Re Young?

Output: It is always a good idea to purchase cash value life insurance while you 're young and healthy . Think of it as buying a piece of undeveloped property . You can buy it cheaply and as you hold onto it the value increases over time . Whole life is a valuable asset that works best with a lot of time to work . What really is good about whole life is later in life , when you 're not so young and not so healthy . They ca n't take it back , end it or raise the price . Believe me , as a 53 year old with major health issues the most secure financial tool I own is my whole life insurance . My health as of late , would probably make me uninsurable , so having taken care of that as a younger much healthier man , was one of the smartest things I 've ever done . Also term insurance as you hit your 60 's is not the same product price wise as your 30 's was . It is very expensive and many people in thier 60 's are now looking for low cost term insurance for the next 30 years and are n't finding it . Later in life , term insurance has a way of making whole life purchased at a much younger age a real bargin .


Input: Can I Write Off Homeowners Insurance On A Rental?

Output: If you own a home that is used as a Rental ; you would declare your Rental Income on a separate schedule on your income taxes . On the same reporting form , you will deduct expenses including property tax , insurance and any other deductible expenses . In this case , you would not have a Homeowners Insurance Policy , the policy should be a Landlords Package Policy instead meant for a tenant occupied property . If you do not carry the correct form of insurance , it is essential that you cancel your policy and purchase the correct form - insurance forms are not transferrable . This is a veryserious topic ; as you would expect , in the event of a disastrous claim , the insurance company will review your policy form and follow the coverage and definitions to calculate whether or not you are insured and how to proceed with the claims handling . There is a link available providing an online format to obtain a quote and buy landlords insurance online in multiple States ; may be used by Escrow Professionals , Mortgage Professionals and directly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: Can People On Ssi Get Life Insurance?

Output: Yes , people on SSI can get life insurance . All that matters is that they apply for a policy within their means , and are medically able to qualify for the policy . With the vast number of choices of life insurance out there , a good agent can ask them the proper questions to help narrow that down very quickly and find the best rate and policy for the SSI recipient .


Input: What Is Needed For A Homeowners Insurance Quote?

Output: For a home Insurance quote usually the agent can pull most info off of the assesor site for your county , usually what is mainly needed is what the customer considers market value , personal belongiongs , any special additions you have added , the most recent roof year , name , DOB , address , if you have been cancelled prior or had prior losses , what the floors consist of , as well as the inside and outside walls , garage type , basement condition/status .


Input: What Is Needed For A Homeowners Insurance Quote?

Output: Talk to your Insurance Professional about the location of the house and about the particulars of the structure . Ask them to complete a Reconstruction Analysis for the dwelling . They 'll need to know the size and style of the building along with any special or particular features including fire places , alarm systems , HVAV systems etc. . If the roof has been replaced , knowing when is important because there may be discopunts available . Likewise , discounts may be available for upgraded electrical , plumbing or HVAC systems .


Input: What Is Needed For A Homeowners Insurance Quote?

Output: The insurance company will want to know exactly what they would have to replace should your home go up in smoke , or be lost to another covered peril . Your description of the property will be the starting point to adjust a claim . Make sure that the insurance agent gathers accurate information ; you will have to approve the information that is sent to the company .


Input: What Is Needed For A Homeowners Insurance Quote?

Output: Insurance underwriters will be underwriting the insure do , the property and its characteristics , the available fire protection in your community , and proximity to known hazards . You should be prepared to give your personal information and be able to describe the home , it 's style of construction , it 's age or when built , and the age of heat , AC , electrical system , plumbing and roof along with other typical improvements or major maintenance . Indicate whether you have qualifying alarm systems and other protective devices . It helps to have present coverage info in hand to provide coverage dates for accurate rating . The more you can help answer rating and qualification questions , the better .


Input: What Is Needed For A Homeowners Insurance Quote?

Output: Insurance underwriters will be underwriting the insured , the property and its characteristics , the available fire protection in your community , and proximity to known hazards . You should be prepared to give your personal information and be able to describe the home , it 's style of construction , it 's age or when built , and the age of heat , AC , electrical system , plumbing and roof along with other typical improvements or major maintenance . Indicate whether you have qualifying alarm systems and other protective devices . It helps to have present coverage info in hand to provide coverage dates for accurate rating . The more you can help answer rating and qualification questions , the better .


Input: What Is An Economatic Life Insurance Policy?

Output: Economatic life insurance , also called economy life insurance , is a combination of whole and term life insurance . Thedividends paid by theparticipatingwhole life go toward changing the term coverage to whole life , so that by the end of a set number of years , the goal is that theentire policy is whole life .


Input: What Is An Economatic Life Insurance Policy?

Output: The life insurance industry lacks severe uniformity in its semantics , so that being said Im addressing the question within the realm of a few possibilities . Economatic Life Insurance is sometimes defined as a participating whole life policy with a term rider to decrease the premium cost to the policy payer . In days gone by it was the method of monthly premium via a bank draft .


Input: Can I Have Medicare And Private Insurance?

Output: Yes , you may purchase private insurance in addition to receiving Medicare , and you will not lose your Medicare for doing so . However , you may find that your private medical insurance becomes your primary payer , and that your Medicare fills in the gaps of what your private insurance does not pay . If you do not want to pay for your primary health insurance out of pocket , getting one of the Medicare supplement plans may be the way to go .


Input: How Much Do You Get From Life Insurance?

Output: If you are the owner of the policy , you are able choose the amount of life insurance that you want to go to your beneficiary . It is called the face amount of the policy . When paid out , it is called the death benefit . As the owner , you do not get anything from the policy unless you have Whole or Universal Life , from which you can take cash value as a loan or surrender ; or Return of Premium Term Life , which pays back all the premiums if you live past the end of the term .


Input: How Much Do You Get From Life Insurance?

Output: Depends on what the face amount of the policy is . If the life insurance is for $ 500,000 of coverage , the carrier pays out $ 500,000 to the beneficiary when the insured dies , income tax-free . If you have permanent coverage with cash value and there 's a loan on the policy , the carrier will take out the loan amount and any interest to be paid from the proceeds payout and give the balance to the beneficiary .


Input: How Does Voluntary Life Insurance Work?

Output: Voluntary life insurance is coverage that you purchase at work , and pay for using a payroll deduction . You can only make post tax deductions for these programs . It is different than group coverage that is paid by your employer , and individual policies you might buy directly from an agent . The primary advantage is access . The underwriting criteria may be more lenient , and you may have access to a licensed agent at work to help you choose the right options .


Input: How Does Homeowners Insurance Work After A Fire?

Output: If your home is burned , your need to file a claim . Most companies provide a toll free number . If you suspect arson you must notify the police . You must provide police and company with any relevant witnesses . You must then cooperate with your insurance company . The company will arrange temporary living conditions if your property can not be used . You must make sure that your house is secured against further loss . You must provide the insurance company with a list of items which were lost , normally within 60 days . The company has the right to get plans and specifications from you and other details concerning the loss . Photographs of the building and contents become invaluable under these circumstances . The adjuster will then work with contractors to repair the damage to the residence and will make an estimate of the actual cash value of the personal property . There objectives will be to get you back into your home as quickly as possible .


Input: How Is Medicare Advantage Funded?

Output: As you may know , there are many advantage plans with extremely low premiums , which makes this a popular question . Medicare advantage plans are actually funded by medicare , which was funded originally by taxes taken from your paycheck and monthly part B premiums . When you join an advantage plan , you transfer these payments to the advantage plan .


Input: How Is Medicare Advantage Funded?

Output: Medicare Advantage plans are similar to traditional major medical plans in that they have copay 's and deductibles . But the difference stops there . Most Advantage plans have networks . Some networks are local while others are regional . Some Advantage plans only include coverage if you are treated by a network provider while others will include out of network coverage but with a higher -LRB- and usually separate -RRB- deductible , higher copay 's and higher out of pocket . Exceptions are made to the out of network penalty for true medical emergencies . Make sure you understand all details of the policy , especially your out of pocket maximum . The out of pocket limit does not include non-network benefits or Rx . It also does not include any non-covered medical treatment . In most areas less than half the doctors accept ANY Medicare Advantage plans . Even if your doctor does accept Advantage patients they may not participate in your particular plan .


Input: How Is Medicare Advantage Funded?

Output: When you go on a Medicare Advantage plan , you are opting out of Medicare a & b for the time you are enrolled in the Part C Advantage Plan . Since Medicare does not have the liability of insuring you , they pay most of your premium for you . It 's estimated that they pay around $ 800 monthly to the insurance company that you choose . You pay little or no premium to the company plus your Part B premium .


Input: Can You Get Life Insurance With Epilepsy?

Output: Epilepsy is a disorder of the brain and nervous system involving repeated random seizures that occur without warning . If you have been diagnosed with epilepsy and are trying to purchase life insurance , the severity of the disease can have an effect on the rates you pay . Life insurance companies will want to know a number of factors to make an accurate risk assessment including : 1 . What age were you diagnosed with epilepsy ? 2 . Do you have Grand Mal , Petite , or Focal seizures ? 3 . When was your most recent seizure ? How many have you had in the last year , 2 years , 5 years , etc. ? 4 . Have you ever been hospitalized for epilepsy ? 5 . Are you taking prescription medication to control symptoms ? 6 . Are you a smoker or tobacco user ? 7 . What is your height/weight ? 8 . Any other co-morbid conditions such as diabetes , obesity , heart disease , etc ? If you have been diagnosed with epilepsy , you should not apply with multiple companies at the same time - this can work against you as it will act as a sort of red flag for the insurance companies -LRB- they will see that you 've applied for multiple carriers and what the outcomes were during the MIB check -LRB- Medical Information Bureau -RRB- -RRB- . The more companies that give you a table rating or decline coverage on a formal application , the less likely you are to get a better offer . You need the help of an independent life insurance agent that can shop your medical profile informally . We specialize in high risk life insurance and make sure you are getting the best possible offer - we 're licensed in many states around the country . Send me a message if we can be of assistance securing a policy for you - my contact information is available on my profile .


Input: Can You Get Life Insurance With Epilepsy?

Output: Yes you can in most cases , although you will pay a higher price than a `` standard '' risk would at the same age . When you find an independent life agent that you feel comfortable with , give as much information as you have such at date first diagnosed , all medications that you currently take whether or not they involve this disease . The agent will then be able to guide you and give some alternatives depending on how much coverage you wish to purchase .


Input: Is Car Insurance Cheaper If You Are Unemployed?

Output: It may . Be employed or unemployed is typically not a factor that is used in determination of your auto insurance premiums . Your rate could be effected because your driving would be modified from driving to work to pleasure driving . Depending on how this used in the equation that generates your rate . You could potentially experience a rate decrease or even an increase .


Input: How Does A Life Insurance Company Operate?

Output: A life insurance company can be a stock or mutual company . But the real operations of a life insurance company is built upon the practical theory of the law of large numbers and actuarial probability . Generally speaking , the percentage of death claims each year are very small compared to all the policy holders of any one company . That spread between the living and those who died is mortality profitability .


Input: What Is The Cost Of Medigap Plans?

Output: Medigap premiums are billed according to a number of factors . Most plans consider your gender , age , zip code and plan design in setting the initial rate . Some plans also assess a surcharge for tobacco usage and others will rate extra for obesity . Medigap is the best way to reduce your out of pocket costs .


Input: How Do I Purchase Homeowners Insurance?

Output: It simple really . Contact a broker like myself who is licensed in your state and start the process . You will need all the information on your home such as square footage , foundation type , year built , security system , how many fireplaces , story 's , attached garage , etc , and your agent or broker will help guide you the rest of the way .


Input: Do I Need More Insurance Than Medicare?

Output: As a general rule , Medicare only pays about 80 % of approved Part A and Part B claims . The Medicare Part A deductible for 2013 is $ 1184 . If you did not have a Medigap plan you would be responsible for paying this before Medicare pays a dime . The Medicare Part B deductible for 2013 is $ 147 . This is your responsibility unless you had a Medicare supplement plan that pays that deductible . After the deductible is satisfied , Medicare pays 80 % of the claim and you are responsible for the other 20 % .


Input: Which Medicare Prescription Drug Plan To Choose?

Output: Medicare Part D drug plans are not mandated coverage but for most seniors , they are a necessity . Choosing a Medicare drug plan can be one of the most confusing and complicated things you will do when turning 65 . You need to pick a drug plan that meets your needs and budget .