Input: Can You Pay Renters Insurance Monthly?

Output: Generally speaking yes . Of course , you should check your payment options with your Insurance Professional , but most companies do offer monthly payment plans . If you have your renters insurance and car insurance with the same company , not only will you more than likely receive a discount , but you should be able to combine both on one single monthly billing account for ease of handling . Ask about Electronic Funds Payment and paperless options as both of these will usually save you money .


Input: When To Use Medicare?

Output: Any Medicare beneficiary should always file all of their medical claims their Medicare , as well as their Medicare supplement plan , any time they receive care. , especially for hospital services that are covered under Medicare Part A , which is provide at no cost to any eligible US citizen that worked , and paid income taxes , for at least 40 quarters before becoming Medicare eligible .


Input: Does Century 21 Offer Renters Insurance?

Output: First of all I am assuming that you mean 21st Century Insurance and if that is the Company that you mean it does offer Renters Insurance . You need to contact an agent in order to find out the amount of coverage for your property that you want as well asthe cost of the policy .


Input: What Is Supplemental Health Insurance For Elders Called?

Output: Good question , and I am not sure how to answer it . If you are referring to elders in a religious order , or tribal elders I ca n't tell you . But if you are using the term elder to describe someone who is older -LRB- than perhaps you are -RRB- , if they are 65 and older most likely they are covered by Medicare Part A and B . In that case the plans are referred to as Medicare supplement or simply Medigap .


Input: When Is Permanent Life Insurance A Good Idea?

Output: When permanent life insurance is a good thing ? That depends on who you ask ! Some would say only if you have dependents or someone you want to leave an inheritance to . But the fact is that Whole Life is perhaps the safest way to grow your money ! It offers a guaranteed interest rate and with mutual providers it also offers dividends . It is a much better vehicle to save and grow your money that any bank instruments - guaranteed returns and Liquid for your use . Also with tax benefits not offered anywhere else ! So when is permanent life insurance a good thing ... ALLways !


Input: When Is Permanent Life Insurance A Good Idea?

Output: Permanent life insurance is a good idea when the death benefit is to be used for funeral costs , when the insured is using life insurance to pass their estate to heirs , when leaving money to a charity , or other purposes which require that the life insurance is in effect at the time of the insured person 's death , even if at a very old age . Permanent life insurance must be used if the desire is for the policy to build up cash value , or if the policy owner wants to have a reduced paid up policy if they ever stop paying premiums .


Input: How Long Should I Keep Disability Insurance?

Output: Disability insurance is paycheck protection . Your ability to earn a living is directly tied to your health . Most working Americans have 90 days in cash reserves . The average period of disability is much greater than that . If you have the means you should cover your earning ability to age 65 .


Input: What Does Collision Auto Insurance Cover?

Output: Collision is one of the two physical damage protection elements of a car policy , the other being Comprehensive . Collision is the more narrowly defined of the two . It provides coverage for damage to your car caused by hitting another motor vehicle , a stationary object or a person . The settlement of such a claim would of course be subject to your policy deductible .


Input: When Do Home Insurance Rates Go Up?

Output: There are many factors that go into the rating of your policy . One of those is the base rate your insurance company files with the state . Everything is calculated off the base rate and insurance companies usually adjust their rates at least once per year . There will be a rate effective date buried somewhere within your policy but you may not see it easily . They will adjust their rates based on their experience for the last year and they can go up or down depending on how the claims have been . You 'll also see the coverage A -LRB- dwelling -RRB- get adjusted every year . As construction costs change , so will the coverage on your home -LRB- just a hint , they usually do n't go down -RRB- . Then there are a few other factors that may affect your rates : insurance score , claims , changes in coverage or deductibles . They all go into the rating calculation . Do yourself a favor and read your renewal -LRB- you 'd be surprised how many people do n't -RRB- . You 'll be able to track what 's happening and look for anything that might not be right . If you have a question , talk to your agent . He/she should be happy to go through it with you .


Input: When Do Home Insurance Rates Go Up?

Output: David gives a good answer here to the many causes rates go up . But to very specific you will see rates change almost exclusively on renewal . So the When is usually at renewal . Occasionally an insurance department will deem an insurer unable to preform an put them in a situation where polices have to be cancelled mid term . I have only seen that once in 38 years in this business , but ultimately an insurers ability to pay claims is monitored by the individual states in which it operates and most importantly whee it is domiciled . Unfortunately in the US Insurers have typically lost money on homeowners business over the last 35 years . So , you can understand that many insurers see providing you with both auto and homeowners as an opportunity to make money > It is not by accident that there are some big name players who sell auto insurance , but little if any homeowners insurance . Use the occasion of each renewal to reach out to your agent and apprise him or her of changes in your home . Be sure to tell him/her of your newly finished basement and other changes the agent has no knowledge of . The wrong time to find out you do n't have enough coverage is after the major or total loss of your home.More so than any other purchase , your wealth is often tied up in your home , be protective of it !


Input: What To Look For When Shopping For Life Insurance?

Output: Shopping for life insurance is about as exciting as shopping for a new dentist but there are something 's that you should consider . The companys rating is a factor but not a huge one . If you asked 10 insurance agents to name 3 life insurance companies that werent an A rating that went out of business in the last 20 to 30 years , they probably wouldnt be able to give you an answer . That being said I would still try and look at companies with a B or better rating . The biggest thing to consider is what stage of life youre in -LRB- for more information read our blog `` Did I buy the wrong type of life insurance '' -RRB- , because that will help you determine if you should be looking at companies with great term life rates or if you should be looking for one that sell whole life or index universal life .


Input: What To Look For When Shopping For Life Insurance?

Output: When shopping for life insurance , you want to look for the rating of the insurance carrier to make sure it is a solid company . You want to look at the guarantees of the policy , to make sure the premium does not go up for that time that you desire . You want to look at the agency you buy it from , to make sure it gets placed correctly and that they will be able to service your policy in the future .


Input: What Exactly Are Liquid Resources In A Life Insurance Contract?

Output: Permanent cash value life insurance may have accumulating cash values based on the contract 's crediting method less any policy expenses and/or fees . Keep in mind that these policies have surrender charges in the early years that may restrict access to the policy 's cash values . There are also policy loan charges for borrowing cash values from the policy .


Input: What Exactly Are Liquid Resources In A Life Insurance Contract?

Output: Liquid resources in a life insurance policy is another name for the cash value in a permanent policy . The face amount of a policy is not liquid because the insured person must pass away in order for the death benefit to be paid . However , cash values can be borrowed from or surrendered .


Input: Is Sep Ira A Qualified Retirement Plan?

Output: A SEP IRA is a qualified defined contribution retirement plan under ERISA -LRB- The Employee Retirement Income Security Act of 1974 . -RRB- SEP IRAs are easy to administrate . Theyre particularly well suited for sole proprietorship or self-employed . The contributions are tax deductible . The plan account accumulates tax deferred . The distributions are taxable as ordinary income .


Input: Is Sep Ira A Qualified Retirement Plan?

Output: Yes but it tends to have fewer rules and compliance issues to follow than say a 401k for those who can adopt this plan . It is an older plan design established for the self employed & small businesses . Like a Traditional IRA contributions are pre-tax as they can reduce the adjusted gross income reportable on your income tax return . As such distributions are taxable as ordinary income but not subject to payroll tax as these were paid in the reportable year the income was earned .


Input: What Are Variable Annuities?

Output: That is a great question ! There are basically three types of annuities . Two are simple , and unregulated , as their performances have stated guarantees and payment amounts . They are fixed annuities , and indexed annuities . In the first , the rate of return is a clearly stated percentage . In the second , the rates of return can vary , and are tied to the performance of a market , typically the S&P 500 . Even when the market fails to perform , this type of annuity has provisions to protect your investment . The other type of annuity is the variable one . It has no such guarantees , and is considered to be a security , so it is highly regulated , and anyone selling it to you needs to be licensed by the SEC . This annuity can make or lose money for you ; it 's payments can vary , based upon its performance of the underlying investments . This is an investment that should be carefully considered before purchasing , even more so than usual . I hope that helps , thanks for asking !


Input: What Are Variable Annuities?

Output: Before defining Variable Annuities , it is important to have an understanding about annuities in general . Immediate guaranteed annuity - in exchange for a lump sum the insurance company will pay a guaranteed amount for the rest of your life , -LRB- with or without a minimum payout guaranteed -RRB- or for a specified term or duration . Easy way to understand it is like a mortgage in reverse - you give lump sum and get income in return . Immediate variable annuity - in exchange for a lump sum you receive an income as above , all or part of the income amount depends on the performance of a pool of funds or an index chosen by you . Deferred annuity - you deposit fund with an insurance company and the funds are invested and you have guaranteed annuity amount or an option to receive at maturity -LRB- depending on what you had chosen -RRB- . Variable deferred annuity - In Canada , these are typically called segregated funds and are similar to mutual funds , but since they are issued by insurance companies , they have guarantees at maturity and death.The amount of the investment will vary depending on the performance of the funds chosen and can be converted into a immediate annuity at maturity . This is a very simple overview of a potentially complex subject and you should not take any action before discussing with a licensed professional . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . .


Input: What Are Variable Annuities?

Output: Variable Annuities have separate sub accounts that have access to market equities and bonds . Market equities and bonds have risk . That risk could expose the contributions or deposits to loss in the cash value account . A personal profile to establish risk tolerance is necessary of product suitability . Any gains in a non-qualified variable annuity accumulate tax deferred . Distributions of gain are subject to ordinary income tax . There are also variable annuity expenses loads associated the policy as well as extra expenses for various riders .


Input: What Are Variable Annuities?

Output: A variable annuity is a contract issued by a life insurance company . In order to sell such a contract the agent must also hold a variable license and must have passed exams from FINRA . The reason for all this is that the funding mechanism for a variable annuity may contain investments that are linked to the stock market . The owner of the annuity may direct the investments and may change them as required . The funding is not guaranteed . Sometimes the annuity payments continue to be subject to the actions of the market making those particular payments variable as well .


Input: What Are Variable Annuities?

Output: A variable annuity is a mortality insurance product , under the department of insurance as well as a security product under the jurisdiction of FINRA . Variable annuities have two main accounts : an interest rate accounts and separate sub accounts using equity and bond investments . The accounts accumulate tax deferred and are taxable upon distributions as ordinary income .


Input: What Are Variable Annuities?

Output: The amount of money deposited with a company can be handled in a variety of ways . The basic annuity provides guarantees . The annuitant doesnt get involved with the annuity once it commences . At the other end of the spectrum is a variable annuity . In a variable annuity the annuitant can maintain control over the investments that underlie the annuity . This might result in frequent shifts in the value of the annuity and in the monthly payments being made .


Input: How Much Does Health Insurance Cost For A Newborn?

Output: The answer to your question will vary significantly depending upon the state you -LRB- or the child is located in -RRB- , the health plan you select and whether you qualify for any premium subsidies . Depending upon your income level you children may be eligible for coverage through the Childrens Health Insurance Program , which is essentially Medicaid for children and comes at no cost . Assuming you are paying the entire monthly premium for a child you would probably be looking at monthly costs ranging from $ 75 to nearly $ 200 per month , once again , depending upon the insurance carrier , the level of coverage and the child 's geographic location .


Input: Can You Add A Parent To Your Health Insurance Plan?

Output: If your parent is age 65 or older , they qualify for Medicare so you can not typically add them onto your healthcare coverage at that point . Depending on the particular health plan you are enrolled in , you may or may not be able to add your parent onto that plan . Check the summary page in your health plan and see what it says or you can check with your health plan administrator to confirm whether they allow parents as dependents on your family plan . If your health plan allows this , here are other qualifications you will have to meet with the IRS . You must already be claiming your parent as a dependent on your federal tax filing . The IRS dependent qualifications include : Your parent is under age 65 , makes under $ 3650 per year gross income , you provide more than half of your parents ' support for the year .


Input: How Much Is Medicare Part B Copay?

Output: There are two main expenses you 're responsible for in Medicare Part B - the monthly premium -LRB- $ 104.90 for those with incomes of $ 85,000 or less , or $ 170,000 or less for those married filing jointly on their tax returns . The premium is higher if you 're above these income levels -RRB- and the deductible . I believe you 're referring to the Medicare Part B deductible . The deductible for 2014 is $ 147 -LRB- no change from 2013 -RRB- . Original Medicare -LRB- Parts A & B -RRB- takes care of approximately 80 % of the cost for your healthcare . A medicare supplement is great to add to Original Medicare for those on a fixed income as it can help take care of the other 20 % and create a much more predictable expense structure for your healthcare .


Input: Does A Car Insurance Quote Affect Your Credit Score?

Output: Great question ! The answer will make you happy - no , getting quotes will not affect your credit score . Unlike loan inquiries , which can affect your score -LRB- unless you actually get a loan or credit card within 30 days of the initial inquiry , then the credit companies realize you were shopping for the best deal , and do not ding your score -RRB- quotes will have no bearing upon your score at all . The best way to look at it is like this - if it will affect your risk for getting credit , it can hurt your score . If you are protecting your investments or credit , it wo n't . I hope that helps you feel better ! If you need help , please feel free to contact me . Thanks for asking !


Input: Does Roth IRA Distributions Affect Social Security?

Output: That is a great question ! If you 've had your Roth for more than 5 years , and are over 59 1/2 , the income from your Roth is non-taxable . As a result of that benefit , the money that you receive from it does not count as income for your Social Security calculations . Because your contributions were made post-tax into your Roth , you 've already paid the taxes on the money that went into it , and there are no income taxes due either . Thanks for asking !


Input: Does Roth IRA Distributions Affect Social Security?

Output: When you take a distribution from a Roth IRA there isnt any income tax due if the plan has been in effect for more than five years and you have met one of several criteria , the chief being reaching age 59.5 . If you are drawing social security odds are that you have met that criterion . Your Roth IRA distribution shouldnt affect your social security at all .


Input: Is Zytiga Covered By Medicare?

Output: Zytiga is the brand name for Abiraterone . Zytiga was approved by the FDA in 2011 and NICE -LRB- National Institute for Clinical Excellence -RRB- in 2012 . Zytiga is available but has not been proved to be cost effective . Based on the research I have done , it does not appear that Zytiga is approved by Medicare which means it would not be approved by Medicare Part D .


Input: What Is Life Insurance Wrapper?

Output: The is life insurance slang that agents and registered representatives use to promote the tax advantages of a non-modified endowment contract life insurance policies to savers and investors for supplemental retirement income . The metaphor , wrapper , may be a poor one , perhaps tax favored treatment would be better . If designed correctly , these tax favored policies can generate tax free withdrawals of basis and policy loans of gain , which will not be included in the provision income test for Social Security benefit taxation . But one major proviso : these contracts must be kept in force for the life of the insured . Any termination or lapse could trigger an ordinary income tax event on the constructive receipt of policy loans and any internal policy loans used to pay annual interest due .


Input: What Is Life Insurance Wrapper?

Output: It is an unfortunate term sometimes used in connection with sales strategies utilizing life insurance to develop cash value accumulation on a tax deferred basis for its potential to turn it into tax free retirement income via policy loans . It is unfortunate because it minimizes the value of life insurance death benefit as if it should be discarded in favor of buying life insurance simply for its favorable cash value tax characteristics .


Input: What Is Life Insurance Wrapper?

Output: A life insurance wrapper for all intent and purposes is a structured investment tool which combines investments in funds and life insurance . The insurance wrapper allows the policy holder a choice of which funds they wish to invest in . In lieu of paying premiums the policyholder would pay the assets or funds that he chooses . Since the assets or funds are already paid to the insurance company they would not be attachable by creditors since they would not be considered the policy holders assets and therefor the policy holder would be 100 % protected .


Input: What Is The Effect Of Inflation On The Premium Of A Life Insurance Policy?

Output: If you have a guaranteed level premium policy , your premium will not change while your policy is in effect . This covers Whole Life and most Term policies . However , some Universal Life policies , and all variable policies , can have fluctuating premiums that are tied in with inflation and how the economy is doing .


Input: What Is The Effect Of Inflation On The Premium Of A Life Insurance Policy?

Output: Inflation has little to do with premium pricing . Since 1990 , life premiums have gone decreased , not because of deflation , but because mortality costs have gone down due to decreased death benefit claims and extended life expectancy.Inflation could impact the cost of doing business for carriers , but by and large has not effected the price consumers pay for life insurance .


Input: What Does Estate Mean In Life Insurance?

Output: An estate means a person 's property or net worth . When the person is deceased , their estate goes through probate and is distributed according to the terms of their will . If there is no will , states have rules of intestate succession they use to disperse the estate . If life insurance proceeds are not left to a person , or the person predeceases the insured person and no other beneficiary is named , then the life insurance proceeds may go into the estate of the deceased . There is it distributed along with the other assets .


Input: How To Qualify For Renters Insurance?

Output: Renters Insurance is available for those who rent a house , condo , townhouse or apartment unit . Renters Insurance will provide coverage for Personal Property against covered perils listed on the policy ; the policy will also provide Personal Liability coverage which will protect the insured from a cause of action due to negligence . There is a link available providing an online format to obtain a quote and buy renters insurance online in multiple States ; it may be useddirectly by Consumers . An exemplary online experience for all ! WEBSITELINK


Input: How To Qualify For Renters Insurance?

Output: If you rent a home , condo or apartment you are eligible to purchase renters insurance . Do n't worry about credit either - most insurance companies will not run your credit in order to be eligible . Make sure you add up the value of your possessions -LRB- excluding items like jewelry , or fine arts -RRB- and let your insurance company know how much `` stuff '' you have . This will be a big determiner of the rate . Hope this answer helps !


Input: What Is A Qualified Long Term Care Insurance Policy?

Output: A qualified long term care insurance policy is one that has some tax advantages over a non-qualified LTC policy . Your premiums are tax deductible , up to a limit set forth by the IRS . And the benefits you receive are not taxed , you need to ever use your policy to pay for your long term care needs .


Input: How Can I Test Drive A Car Without Insurance?

Output: If you are looking at a private party sold vehicle and you do not own and insure another vehicle , beware ! Assuming the seller has the vehicle insured , you as driver may or may not be insured for liability if you are fault in a test drive accident . However many insurance companies offer what 's called a `` non-ownership '' policy providing the coverage when driving a car not owned . The policy provides liability coverage , but will not cover physical damage to the car be driven .


Input: How Can I Test Drive A Car Without Insurance?

Output: An auto dealership will most likely carry the insurance required to allow test drives . In the event of a loss/accident , the claim would fall back onto the insurance of the dealership . Consequently , if the insurance company is able to prove negligence on behalf of the driver , they may very well turn around and subrogate against the driver for the damages . As for personal auto policies , insurance will travel with the vehicle in most circumstances . If you are a private-seller it would be wise to check with your insurance agent prior to letting anyone drive your vehicle . The wording in auto policies can vary greatly from company to company and it is always best to err on the side of caution when dealing with insurance .


Input: How Can I Test Drive A Car Without Insurance?

Output: If your state requires auto insurance , then it is going to be up to the dealership whether or not they wish to take on the risk ofdamage with a person that does not have their own coverage . Even if the dealership lets you test drive the vehicle with out insurance they will more than likely require you to have optained certain coverage limits before driving off with the vehicle . Also if you have a loan on the vehicle the lender will more than likely require a certain level of coverage in order to keep the loan in good standing . Protect yourself , have coverage before test driving a vehicle .


Input: Will Medicare Pay For Xgeva?

Output: In some situations Medicare may cover the cost of Xgeva . The drug -LRB- under the trade name Prolia -RRB- is used and approved mostly for treatment of osteoporosis , but the cost of the drug has resulted in limited sales . The medication is being rebranded as Xgeva and has receive FDA approval for prevention of bone disorders in cancer patients .


Input: How Is 401K Paid Out?

Output: 401 -LRB- k -RRB- plans can have a variety of payout options . The option most commonly used is to roll the money into an IRA . Then the money maintains its tax character and is easiest to handle . The money can remain in the account without any withdrawals until you reach the age of mandatory distributions . Then , by law you must start taking out a specific percentage of the account every year until it is depleted . All distributions from a 401 -LRB- k -RRB- or an IRA are taxed as ordinary income . There is an exception if the 401 -LRB- k -RRB- was invested in company stock .


Input: When Will My Auto Insurance Go Up?

Output: Without a lot more information about your specific situation this is nearly impossible to say . I will say though that many insurance carriers do experience rate increases each year , but typically try to keep these at a relatively small amount . Typically anywhere from one to three percent for many carriers .


Input: Does Life Insurance Cover Skydiving Accidents?

Output: The answer is Depends ? When you apply for a life insurance policy most all ask about skydiving . If the answer is yes , it will depend on your experience level as a skydiver . There may or may not be extra premium involved , a rider excluding skydiving or a decline . It all depends on the individual . Now , let 's look at this another way . Let 's say you purchased a policy in 2011 and in 2012 you decided for your birthday that you would jump out of a perfectly good airplane . Well , did n't go as planned and you died . It 's during the contestability period so the insurance carrier will investigate . What they are looking for is anything that ties you to skydiving that was prior to the date of the application . If they find a record -LRB- skydiving class receipt -RRB- of your intent to skydive and you put `` no '' as your answer , they can contest the payout . If a year later , on a whim , you jumped out of a plane and it did n't go well , they pay , as long as you did n't have a record of prepaying for the jump that is around the application time .


Input: Does Life Insurance Cover Skydiving Accidents?

Output: Yes , if you got a life insurance policy that did not explicitly exclude death related to skydiving , the policy will pay for death that was caused by a skydiving accident . This is taking into account that you did not lie about your past and future skydiving intentions on your application .


Input: How To Set Up A Mutual Fund?

Output: Mutual funds are sold by registered representatives . In order to set up a mutual fund one way would be to contact a registered representative who could help you . The first step would be to understand your situation and your investment objectives -LRB- know your client -RRB- . Then recommend a portfolio that fits your objectives . Mutual funds usually have a minimum investment amount that varies by fund company . For example $ 25 or $ 50 monthly or lump sums of $ 1,000 to $ 100,000 -LRB- or more -RRB- . In Canada , if you are self-employed -LRB- any age -RRB- or within 10-15 years of retirement then segregated funds are an option to consider . They are similar to mutual funds but since they are issued by insurance companies they have guarantees and features mutual funds can not match . More information on what you ought to know about protecting and growing your Nest Egg can be found at WEBSITELINK If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me .


Input: Does Getting Married Affect Medicare?

Output: Getting married does not affect Medicare except in one way . The premium you pay for Part B may change , as that is based on your and your spouse 's income together . Getting married does NOT affect your plan , your deductibles , your co-pay 's , your premium for Part C and D , etc. .


Input: Is Property Insurance The Same As Homeowners Insurance?

Output: Homeowners Insurance is a form of Property Insurance . The Insurance Services Office publishes Insurance Forms which are basic coverage contracts sold asinsurance policies by insurance companies . Homeowners Insurance is the most common form of Property Insurance ; this form is generally written for Owner Occupied Single Family Homes but in some cases , it could apply to an Owner Occupied Duplex . To complicate matters further , mortgage companies do not differentiate the coverage form ; they simply define required insurance as ` Hazard Insurance ' ; the hazard being the risk or collateral against which the mortgage company has leant funds . If a single family home is owner occupied , a Homeowners Insurance Policy should be purchased ; if a 1 - 4 unit dwelling is tenant occupied , a Landlords Insurance Policy should be purchased . For residential apartments with 5 + units , a Commercial Form is required and in many cases can be written as a Residential Apartment Policy under a Business Owners Policy -LRB- BOP -RRB- package . For further clarification on the correct form of insurance , contact your insurance carrier or our office and we 'll be happy to answer any further questions .


Input: Can You Get Maternity Disability Insurance While Pregnant?

Output: No , pregnancy is considered a pre-existing condition , and you can not get maternity disability insurance while pregnant . There may be an exception somewhere , but it is highly doubtful . Even most group plans require that you have worked at the business before becoming pregnant in order to use disability benefits for normal pregnancy .


Input: Can You Get Maternity Disability Insurance While Pregnant?

Output: You can purchase a short term disability policy while pregnant . Many carriers will not ask pregnancy related questions on the application , although some do . The policy may cover any accidents or illnesses not caused by a preexisting condition after one year . Future pregnancies will be covered , however no policy will cover your current pregnancy .


Input: Which Term Life Insurance Company Is The Best?

Output: The inventory term life insurance companies is quite large and highly competitive . The market can be segmented into categories reflecting companies that are recognized in best price , benevolent underwriting and clauses or conversion provisions that rank above the rest of the market . No one term life insurance brokerage company embodies the best in any class . There are too many variables to consider .


Input: When Is Renters Insurance Required?

Output: The only time renters insurance is actually required is if the landlord makes it a condition of the rental agreement . Landlords may do this in order to protect themselves from a potential law suit brought on by the tenants negligence . Other then that a renter is free to chose whether they wish to purchase renters insurance to protect their belonging , loss of use and liability or self insure and assume all the risk themselves by not having renters insurance . Renters insurance is so remarkably inexpensive for the protection you get I do not see why anyone would not obtain renters insurance .


Input: What Insurance Options Exist For A Vacant Home?

Output: Insurance companies prefer occupied homes . The list of risks that insurance companies will cover is reduced when the house is vacant . When a preferred company discovers that a house is vacant they will often move to cancel the policy . There are , however , companies that will accept these risks and provide coverage .


Input: Does Medicare Cover Dialysis?

Output: Medicare will cover the cost of dialysis subject to certain conditions . If you enroll in Medicare due to ESRD , your dialysis treatment will be covered starting on the first day of the 4th month after your Medicare coverage begins . Medicare coverage for dialysis can start as early as 30 days after you do on Medicare if you qualify for home dialysis treatment .


Input: Would Medicare Pay For A Tummy Tuck?

Output: Medicare generally will only cover Medically necessary expenses . It will not cover cosmetic surgery . Since a `` tummy tuck '' is usually not medically necessary , it is doubtful that the procedure would be covered , so unless your doctor can show a sound medical reason for the procedure I would n't count on it being covered


Input: Who Is Policy Owner Of A Life Insurance Policy?

Output: Personal property always has an owner , whether it 's a person or an entity . Life insurance is personal property , so it has an owner . The owner controls all aspects the policyincluding it 's beneficiariesand is subject to taxation on any gain in the event that the policy is surrendered , lapsed or annuitized . Ownership has it ` sprivilegesand it consequences .


Input: Who Is Policy Owner Of A Life Insurance Policy?

Output: The Owner of a life insurance policy is the person who can make changes to the policy , such as terminating the policy , changing the beneficiary , or changing the face amount or premium or features of the policy . The Owner does not have to be the Payer or the Insured , although it often is one or both of those .


Input: Who Is Policy Owner Of A Life Insurance Policy?

Output: The policy owner is the contract owner and is , in many cases , also the life insured . The policy owner has most of the rights in the contract such as the right to designate a named beneficiary and make changes to that designation at any time . In the case of a cash value life policy , the policy owner owns cash values which is an asset that could be borrowed if needed or , the policy cash surrender value could be accessed if coverage was no longer needed .


Input: Does Aflac Have Long Term Care Insurance?

Output: Aflac does not sell Long Term Care Insurance , per se . However , American Family Life Assurance Company does carry a Critical Care and Recovery Insurance policy that would pay a benefit in case of stroke , paralysis , coronary artery bypass surgery , persistent vegetative state , major human organ transplant , or coma . They also cover policies for hospitalization and cancer . Therefore , there are some options despite the absence of a traditional long term care product .


Input: What Can I Do If I Don't Understand The Details Of My Life Insurance Policy?

Output: If you do n't understand the details of your life insurance policy you need to fire your agent and start over . That 's his entire job . That 's why he makes the big bucks . So that you do understand it . The sad thing is 50 % of the agents are inexperienced and do n't know a lot more than you do . But you job as a customer is to not reward bad agents .


Input: What Can I Do If I Don't Understand The Details Of My Life Insurance Policy?

Output: If you do n't understand the details of your life insurance policy , you can contact any life insurance agent that you trust , to explain it to you . Or you can call the company through whom the policy was issued . Their customer service department may be able to assist you in understanding your policy 's features .


Input: What Can I Do If I Don't Understand The Details Of My Life Insurance Policy?

Output: You should call the adviser or agent , who sold it to you , explain it to you . But the odds are high that that they cant . You could call the service department of the life insurance company , but that may not be any better . There are many services available that summarize policies for term life insurance and guaranteed universal life insurance . We can help with that .


Input: What Can I Do If I Don't Understand The Details Of My Life Insurance Policy?

Output: I agree with this gentleman above . If your agent has n't explained the details to you , he 's done an extremely poor job of having your best interest . If you purchased it online by some company , you may be able to call the company and have someone explain some of the aspects of it to you . Life insurance is probably the most important form of insurance and should n't ever be purchased without contacting and sitting down with an experience and licensed professional .


Input: What To Know Before Buying Renters Insurance?

Output: Some of the information that your local agent will need in order to get you renters insurance coverage is : the year that the building was built , the number of units in the building , sprinklered or not , alarm system or not , distance to the nearest responding fire department , distance to the nearest fire hydrant , and the amount of coverage that your are seeking just to name the main items .


Input: How To Cash Out A Whole Life Insurance Policy?

Output: There is generally a form for the policyowner to complete to cash out a policy . Your agent or the carrier -LRB- generally a representative in the policyholders ' department -RRB- can send you this form . The exact requirements may vary by company . Before cashing out a policy , you want to find out whether or not there are any remaining surrender charges left on the policy .


Input: Is Part B Medicare Mandatory?

Output: You are not required to enroll in Medicare Part B . If you are covered under an employer group health plan , you may want to delay enrolling in Part B , especially if the group health plan is primary . If you do not have other creditable coverage , such as a group plan , and later decide to enroll in Part B you will be assessed a late enrollment penalty .


Input: Is Homeowners Insurance Optional?

Output: As of today and to the best of my knowledge there are not currently any states within the United States that require homeowners to have homeowners insurance . Your mortgage lender on the other hand would more than likely require you to have homeowners insurance at leastto the value of the loan if not greater .


Input: Is Homeowners Insurance Optional?

Output: Great question ! There is no law that requires you to have the insurance , but I do not know of a single lender that will sign off on the loan if there is not a policy in place to protect their investment . You also really want to have a policy , to protect your investment , and the value of your accumulated property . It really is a wise thing to have . Thanks for asking !


Input: When Can I Switch Medigap Policies?

Output: You can switch Medigap policies at any time during the year . However health underwriting may be required if you are past the 6 month Medigap open enrollment period . This open enrollment period begins on the first day of the month in which you are 65 and enrolled in medicare part B . I recommend locating an experienced agent specializing in Medicare to help you through this process ...


Input: When Can I Switch Medigap Policies?

Output: You can switch Medigap policies at any time , but it is important to understand potential obstacles . If you are outside of your Medigap open enrollment period -LRB- the 6-month period that begins on the first day of the month in which you 're 65 or older and enrolled in Part B -RRB- , then you will likely have to go through health underwriting to switch to a new plan or insurance company . Some companies do allow you to change your Medigap Plan if you remain with them , e.g. going from a Plan F to a Plan G , without new health underwriting ; but if you change insurance companies you will have to answer all health questions on the application . A new insurance company may deny you coverage based upon evaluation of your current health , so you may not be able to switch your Medigap policy to a new company . It is important to work with a licensed and experienced agent who can place you with a reputable company for the long term when you are in your Medigap open enrollment period .


Input: Can Someone Have Two Life Insurance Policies?

Output: The number of life insurance policies is n't a concern except for the fact that consolidation of multiple policies can generally save you money . The real concern is why multiple policies ? One life insurance policy could cover the domestic financial liabilities , another to fund tax advantaged retirement income and still another could be for estate planning purposes . So you can have multiple polices for legitimate reasons .


Input: Can Someone Have Two Life Insurance Policies?

Output: You can have as many life insurance policies as you want ... but within reason . Most carriers , especially those that conduct financial and medical underwriting of life insurance applicants have rules and guidelines about stacking of insurance policies . Depending on your need for life insurance , they may limit you to something like 20x your annual income for issued and in force life insurance .


Input: Does Health Insurance Cover CT Scans?

Output: Depending on your policy the general answer is yes . How much it covers depends on your policy and the reason for the CT scan . I recommend checking with your insurance company to find out if the procedure is covered before having the CT scan done . It could save you paying out money you were n't counting on .


Input: Does Health Insurance Cover CT Scans?

Output: Most major medical health insurance policies will cover CAT -LRB- CT -RRB- scans , as well as PET , MRI and X-rays ... all of which are diagnostic tests . Because CT scans can be quite expensive , if the carrier decides the scan was not the most cost effective method of diagnosing a condition , the claim may be denied .


Input: Does Health Insurance Cover CT Scans?

Output: If it is medically necessary . Prior authorization may be required . Check with your carrier to be sure . Always get the name and nite the date , time , and who you spoke to . Health insurance is in a state of change right now . Questions are great and documentation is always helpful .


Input: How Many Life Insurance Agents Are In The US?

Output: According to the Financial Media Group LLC based in Centennial , CO , there are approximately 1.2 million life insurance agents in the US . However , about half of them are not active at this point in time , or pursue selling life insurance as a part time job rather than full time profession .


Input: What Is A Good Cheap Health Insurance Plan?

Output: First , I always suggest working with an experienced and knowledgeable independent health insurance agent who can compare multiple companies for you and help you determine which program works best for your needs and budget . So to answer your question , the price of a policy depends on your zip code , the plans ' metal level -LRB- bronze , silver , gold , or platinum -RRB- , deductible , maximum out-of-pocket , and other factors . Each carrier features different structures for their programs so you should shop around - again , an independent health insurance agent can do this for you . Please note , not every carrier is available in all areas , some carriers only sell in certain states and not others . If you qualify for a subsidy , then you will need to shop for plans on the exchange . If you do n't qualify for one , I recommend looking for coverage off of the exchanges because you 'll usually have many more purchase . The only benefit of an on-exchange vs. off-exchange health plan is you can apply a subsidy to an on-exchange plan - subsidies can not be used towards off-exchange policies . You may also have group health insurance options available through your employer so it 's helpful to check what kind of coverage is provided -LRB- and how good it is -RRB- - many companies will offer to pay a portion of the premium for the coverage as one of the benefits of coming to work for them . If you prefer to do it on your own , you can use sites like healthcare.gov . That is ultimately your choice . However , it 's usually more advantageous for you to work with a knowledgeable and experienced independent agent , especially since there 's no extra cost to you in doing so . I hope the information is helpful - please feel free to contact me for help with your coverage and any other questions you may have . Thanks very much .


Input: Is A Fixed Index Annuity A Good Investment?

Output: Like the answer to many things in life , the answer is it depends ; what exactly it depends on is what you hope to accomplish with the fixed , or equity indexed annuity . If you are hoping to establish a life time income that can not be outlived , while protecting your beneficiaries if you pass away prematurely , a fixed index annuity with an income rider will accomplish this . If you want to participate in market growth linked to the S&P 500 , yet be protected 100 % against market declines , this product will accomplish this as well . Lastly , one of the biggest derailments of sound retirement planning is the threat of health impairments , not covered by traditional health insurance . By choosing the proper index annuity , with the proper income rider , the income stream will double , usually for five to eight years , during impairment . You need to talk to an adviser that will recommend the proper annuity and income rider , based on your personal situation . If all of the above mentioned factors are in place , and if they are suitable to you as an individual , the short answer is -LRB- after the long winded explanation -RRB- yes , they are very good products .


Input: How Much Should I Have In Annuities?

Output: Product suitability dictates whether you should purchase a non-qualified annuity or not . You first need to establish a personal financial profile that includes a risk tolerance assessment , defined financial goals , an estimate of your life expectancy and a determination of your effective tax bracket . This will assist you in your product suitability self-examination .


Input: Does Homeowners Insurance Cover Intentional Acts?

Output: No intentional acts are considered one of the standard exclusions in most insurance policies ... strongly advise anyone always reads what is not covered in the insurance plans ... or in other words the exclusions . It is as important to understand what is and is not covered in the insurance plans . You can always ask in advance of you purchasing the insurance plan for a copy of a specimen policy . This way you can know what is and is not covered .


Input: Does Homeowners Insurance Cover Water Main Leaks?

Output: When it comes to plumbing problems homeowners insurance does not actually cover pipes . However if a pipe bursts and damages the dwelling there is coverage for the water damage on most polices , just not the pipe . So if your water main is leaking and there is no damage to the dwelling there would be no coverage .


Input: How To Cancel Scotia Life Insurance?

Output: To cancel Scotia Life Insurance or any other life insurance policy , the best way to cancel it is to call , email , or write the company to inform them that you are cancelling it . Their website lists their life insurance contact number as 800-387-9844 . However , if you are unable to reach them , you can simply quit paying your premium and the policy will lapse by itself after one month of unpaid premium .


Input: Can I Get Health Insurance If Unemployed?

Output: Your employment status does not effect your eligibility for individual health insurance coverage . The important question is how long have you been unemployed ? With the closing of the 2015 open enrollment period on February 15th an individual has to experience a `` change of life status event '' in order to enroll for coverage before next year 's open enrollment period . Loss of group health insurance coverage from a previous job is a change of life status event . You have 60-days after a change of life status event to enroll in individual coverage . You should have the option of enrolling directly with a major medical insurance carrier in your state or through the government health insurance marketplace . It should be noted that if you have recently lost employer based health insurance you should have the ability to continue your coverage through your former employer 's group health plan for some period of time . This will vary depending upon your state of residence and the size of your employer . If you worked for a company with 20 + employees they are subject to the Federal COBRA continuation guidelines and you could continue your coverage through them for up to 18-months as long as you pay the entire monthly premium in a timely manner . You have 63-days after termination of employment to exercise your COBRA continuation privilege . If you worked for a company with less than 20 employees then state continuation rules would apply and these do vary from state to state .


Input: How Much Does Medicare Cover For Glasses?

Output: Medicare does not pay for routine eye exams or corrective lenses . But if you have vision issues , such as glaucoma or cataracts , Medicare will cover at least a portion of your treatment . Medicare will pay for some of the cost of eyeglasses following cataract surgery . Your Medicare approved supplier that accepts assignment can tell you how much the Medicare allowance is for your eyewear .


Input: Can You Cancel Health Insurance Anytime?

Output: You can cancel a health insurance policy at any time . The best way is to contact your broker or insurer -LRB- by phone -RRB- and request the termination of coverage . If they ask that you submit your request in writing , promptly send them a letter or email that details exactly when you want the policy to end .


Input: Where Do Health Insurance Companies Invest?

Output: There 's many ways insurance companies make money . The most common way that people are familiar with is the carrier uses the premiums that they collect for the coverage they provide and investing a portion of it to grow those funds in many different things -LRB- e.g. stocks and bonds -RRB- . Carriers are required to maintain a certain level of reserves so they can pay out claims on policies .


Input: Where Do Health Insurance Companies Invest?

Output: Great question ! Insurance companies invest their money in a lot of things , but the primary investment for a lot of them is in high yielding corporate bonds . -LRB- I read somewhere that the insurance industry buys almost 70 % of these bonds issued . -RRB- They make the bulk of their money from what is called the `` float '' - the money that is on hand before it gets paid out on claims . If they can invest and reinvest that money in a tax free vehicle before having to pay it out in a claim , they can make good profits . They also make money off of unclaimed payouts , lapsed policies , and interest off of loans . Hope that answers your question ! Thanks for asking !


Input: When Does Car Insurance Total A Car?

Output: That is a great question , but it really depends on the company I believe . In my experience , a general rule of thumb to keep in mind is , if the repair estimate provided by the repair shop is in the neighborhood of about 70 % of the `` book value '' of the car , it is likely that the Professional Claims Adjuster will determine the car to be `` totalled '' . Here 's the thing . The estimates are completed as accurately as possible , but really are dependent upon what the technician can see . It is likely that there is damage internally in the structure of the car that can not be seen until the car is broken down . Additional damage will increase the final cost of the repair .


Input: What Is Good Home Insurance?

Output: -- > Normal 0 What makes up a good homeowners insurance policy ? In my mind its a policy that is going to do what you want it to do , at a price you are willing to pay . The problem is , most insurance buyers dont really know what they want the policy to do . Most people seem to want a policy to repair or replace their home if its damaged . To me that means you want an all-risk policy on your home with a Guaranteed Replacement Cost feature , which automatically increases your amount of insurance following a loss , to whatever it takes to rebuild your home if it is damaged and has to be rebuilt . All - Risk type policies will not cover everything but they will specifically state what you are not covered for and you can decide where to go from there . Few policies include the Guaranteed Replacement feature ; so make sure you ask for it . And if the company doesnt offer it , you may want to check with someone else . Most people also want their personal stuff replaced should it be damaged or destroyed . So a good homeowners policy should do that . That means , all-risk replacement cost coverage for all your stuff . If its not all-risk -LRB- often called Special Coverage or Open Perils -RRB- Replacement Cost , you may want to look further . Again , not all types of damage will be covered but the policy will tell you what you are not covered for so you wont have any surprises . Often specific exclusions can be eliminated for an additional cost . Most policies dont include these features so make sure you ask for them if that is the kind of coverage you expect . Good homeowners policies will include coverage for the additional expenses you may incur should your home be damaged and you have to live somewhere else while it is being repaired and a nominal amount of Personal Liability coverage , a good one will have limits not less than $ 300,000 . A good homeowners policy will be offered by a financially strong , at least A-rated insurance company hopefully with a local contact to help you understand what you are getting , makes sure it covers any special situations that make up your life and is there should you have a significant claim . A good homeowners policy is one that doesnt get cancelled the first time you have a claim . Buying insurance on-line may be popular and convenient but you have to know what you are doing . Remember if there is a problem , you are one small policy and they are one big insurance company . It may be a good time to have somebody local on your side .


Input: What Is Good Home Insurance?

Output: Great question ! There are a few things to look for in `` good '' insurance . The first is coverage - what will it pay for if you file a claim ? The better coverage , the better for you . The second is the price - is it reasonable and affordable for you ? The third is the deductible - how much will you have to pay out of pocket -LRB- or can afford to pay -RRB- if you have to file a claim . These simple rules should apply to any insurance that you might look for . I always suggest that you compare policies before purchasing one , it is always good to have an idea of what you want before signing on the dotted line ! Thanks for asking , and if you would like to discuss this more , just hit the contact me button , I 'd be happy to help !


Input: What Are The Best Health Insurance Companies In North Carolina?

Output: With healthcare reform finding Health Insurance in North Carolina has become more challenging . While there are several companies that offer non-compliant plans outside the exchange . Only 2 offer exchange plans . Blue Cross and Blue Shield of NC and Coventry , of these Blue Cross and Blue Shieldis the only one offered statewide .


Input: What Are The Best Health Insurance Companies In North Carolina?

Output: There are lots of great health insurance companies that offer plans in North Carolina . Finding the `` best '' will depend a lot on your specific needs because what is good for one person may not be the best fit for another . We have helped many clients find great health insurance in North Carolina . You can also compare health insurance plans instantly on our website . If you are under age 65 you can click `` other '' to go to that section . If you are age 65 or over and on Medicare , you can compare plans right on our homepage . You can also call us at 1-888-407-8664 and we would be happy to answer any questions you have .


Input: Can You Rent A Car Without Auto Insurance?

Output: You might be able to , but I would n't recommend it . I believe that most if not all rental car companies will require you to purchase coverage through their insurance carrier during the rental period if you do not already have automobile insurance coverage . Automobile insurance will help protect both you and the rental car company


Input: About How Much Does Medigap Insurance Cost?

Output: Medigap insurance rates vary by age , gender , zip code , tobacco use , plan design and carrier . Since all plans with the same letter are identical in every way except premium rate , you should consider lower cost carriers . Here in Georgia plan F for a 65 year old can range from $ 120 to over $ 200 per month . Shop around . When you pay more you do n't get more you simply paid too much .


Input: What Does Health Insurance Underwriting Mean?

Output: It used to mean that for an individual applying for individual health insurance or for an employer group applying for group health insurance that the individual or the employees would have to answer medical questions and perhaps provide rather detailed information on any pre-existing health conditions that they or their dependents to be covered might have . This has essentially become a non-issue in the fully insured individual or group health insurance markets after January 1 , 2o14 as the Affordable Care Act -LRB- ObamaCare -RRB- no longer allows for the underwriting of such health insurance policies . Underwriting may still be encountered in the group health insurance market if an employer has or is implementing a self-funded health insurance plan . As these plans are subject to the Federal ERISA guidelines asking medical questions and adjusting a group 's rates for the medical risk -LRB- s -RRB- in the group is still allowed .


Input: When Is Insurable Interest In Life Insurance Necessary?

Output: Insurable interest is necessary in order to obtain a life insurance policy . The dependent must show they would suffer financial loss due to the death of the insured person . This may be a spouse or business partner for example . A person just can not take a policy out on any person just because the want to if they can not show any insurable interest or financial loss due to the passing of the individual .


Input: When Is Insurable Interest In Life Insurance Necessary?

Output: There is not a time when an insurable interest is not necessary . The insurable interest is the reason that a life insurance contract is written . Without insurable interest all other underwriting factors are irrelevant . The sole purpose of life insurance is to protect another person or entity from a financial loss at a person 's death . Whether it is a loved one who would suffer financially due to loss of income or debt . A loan institution that would suffer loss of a debt repayment at a person 's death . A business owner with the death of a partner , buy sell life insurance , or a death of a key employee , key man life insurance . There always has to be an insurable interest to purchase life insurance .


Input: When Is Insurable Interest In Life Insurance Necessary?

Output: Insurable Interest in Life Insurance is necessary . If there is no financial exposure from the policy insured to the policy beneficiaries , the life insurance company will decline the applications . Family members , charities , business partners or key business employees can be legitimate beneficiaries of a life insurance policy .


Input: When Is Insurable Interest In Life Insurance Necessary?

Output: Insurable interest is what ensures that someone can not take a life insurance policy on you with the purpose of making money on your death . It is insurance fraud to take out a policy on an older or terminally ill person just to collect money on their death ; or even worse , to kill someone for the purpose of collecting their life insurance . In order to prevent fraud and to protect their policyholders , all life insurance policies use some measure of insurable interest .


Input: How Long Do I Have To Get Auto Insurance?

Output: If you do not have any auto insurance coverage currently then you would want to secure coverage before you purchase a vehicle to be properly protected . If you do have auto insurance coverage currently then you should contact your agent as quickly as possible with the vehicle information . Many carriers state within the policy documentation if a new vehicle is purchased it must be reported to the carrier within seven days to be covered properly . Please read your policy completely to understand the coverage offered and any exclusions that there may be .


Input: What Is A Medigap Policy?

Output: A medigap policy is also known as a Medicare Supplement policy . These policies are issued by a number of insurance companies in response to the out of pocket expenses that are not covered by Medicare , part A and Part B . A medigap policy is almost necessary for all Medicare participants . There can be massive out-of-pocket expenses in Medicare and the money that could be provided by the plan far outweigh the cost of the plan . These plans were developed by private companies . In response to the wide variety of policies developed the federal government decided to regulate these policies in the 1980s . The desire was to provide uniformity of benefits . There are ten different medigap policies available . They are referenced by letters A , B , C , D , F , G , K , L , M and N. Although these plans can change from time to time they have maintained these designations . Companies are not required to identify their policy by these letters and will often introduce stylized names such as Senior Select Medigap policy . It is most important to understand that all of the plans must contain core benefits . As they add additional benefits they must fall into one of the letter categories . This helps to compare plans and to insure that your needs are properly covered . You can enroll in a medigap policy during certain periods . During those periods the policy is guaranteed to be issued without medical underwriting . If the policy is desired after the set period medical underwriting can be required and the premium can be altered . The open enrollment period begins on the first day of the month in which you reach age 65 or older and enroll in Medicare Part B . This enrollment period continues for six months . People who are disenrolling from Medicare Advantage can receive a guaranteed issued medigap policy for 12 months when they enroll in traditional Medicare . There are other circumstances under which a person would be eligible for a Medigap policy without providing evidence of insurance . There are five core benefits contained in every medigap plan . The first is that the plan will pay the Medicare Part A copayments for days 61-90 . These copayments were $ 289 per day of hospitalization in 2012 . Another core benefit is Medicare Part A lifetime reserve copayments for days 91-150 . These copayments are $ 578 per day in 2012 . Another core benefit is up to 365 additional days of hospital stay beyond Medicare coverage . The medigap policies also provide cover the Medicare Part B coinsurance . This doesnt apply to preventive services , and the first three pints of blood if needed . These core benefits comprise an A plan . Subsequent plans offer increased benefits which include skilled nursing facility care copayments for days 21-100 . That cost was $ 144.50 in 2012 . The plan can provide for the Medicare Part A hospital deductible . That amount was $ 1184 in 2013 . The plan can provide the annual Medicare Part B deductible which was $ 147 in 2013 . Some plans include coverage for the Medicare Part B excess charges . Several plans include foreign travel emergency coverage . Every plan is priced by the insurance company . Sometimes the company offers the plan based upon the community . In other cases the pricing is determined by the age at which the plan is initiated . In other cases the plan is based on attained age and can increase as the policyholder ages . The core benefits can save you a great deal of money . Selecting the additional benefits is probably best done with a counsellor that you trust .


Input: What Is A Medigap Policy?

Output: Medicare supplement plans -LRB- commonly referred to as Medigap plans -RRB- are designed to help seniors who want high quality healthcare and are on Medicare , cover the gap between what hospitals and doctors charge for their services and what Medicare will pay . Health insurance is constantly changing , which can make finding the right plan for you very strenuous . Supplementing your Original Medicare coverage -LRB- Medicare Parts A & B -RRB- with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare . Any doctor that accepts Medicare will also accept your Medicare Supplement plan . Original Medicare -LRB- Parts A & B -RRB- covers appoximately 80 % of your healthcare expenses . Medicare supplements -LRB- or commonly referred to as Medigap -RRB- plans help provide coverage for the other 20 % . There are 10 different Medicare supplement plans and they are all standardized , meaning a plan F from company A and a plan F from company B feature the EXACT the same benefits . The 10 different plans available are plans A , B , C , D , F , G , K , L , M , and N. Each plan offers certain benefits some more comprehensive than others . For example , Plan A offers coverage of only the basic benefits of Medicare Supplement Insurance , while Plan F is the most comprehensive . Plan F also offers a high-deductible version of the plan it is the only plan that offers this feature . Under a high-deductible plan F -LRB- also referred to as Hi-F -RRB- , the insured must pay for Medicare-covered costs up to the years deductible amount $ 2,140 in 2014 before the supplement plan pays anything . The benefit of the high-deductible plan F is that it offers the insured a much lower monthly premium . There are 9 benefits available in Medigap plans : 1 -RRB- Medicare Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up 2 -RRB- Medicare Part B coinsurance or copayment 3 -RRB- First 3 pints of blood 4 -RRB- Part A hospice care coinsurance or copayment 5 -RRB- Skilled nursing facility care coinsurance 6 -RRB- Medicare Part A deductible 7 -RRB- Medicare Part B deductible 8 -RRB- Medicare Part B excess charges 9 -RRB- Foreign travel emergency -LRB- up to limits as cited in the plans -RRB- Each plan provides a percentage of coverage for the first 4 benefits . From there , each plan features some or all of the other 5 benefits . Plan F is the most comprehensive benefit as it covers all 9 benefits at 100 % . Plan G is almost identical as it covers 8 benefits at 100 % -LRB- the one it does n't cover is the Part B deductible . Plan N is also very competitive - as long as your primary care doctor accepts Medicare and assignment , your only other payment other than your premium would be the Part B deductible -LRB- $ 147 in 2014 -RRB- and a copay at the doctor 's office -LRB- up to $ 20 per visit -RRB- or hospital -LRB- up to $ 50 per visit -RRB- . I highly recommend downloading a copy of the Medigap guidebook on the Medicare.gov website - the guidebook is titled `` Choosing a Medigap Policy : A Guide to Health Insurance for People with Medicare . '' Agents will have this on hand as well - it 's required to be given to the proposed insured if they decide to apply for a plan . You can send me a private message if you 'd like me to e-mail it to you . I hope the information is helpful - please feel free to contact me for assistance with your coverage including plan quotes and comparisons . Thanks very much .


Input: How Much Will Medicare Pay For A Nursing Home?

Output: When qualification is met for admittance to a nursing home Medicare bed , Medicare will pay all charges for a semiprivate room for the first 20 days -LRB- minus conveniences such as phone or TV -RRB- . For the next 80 days the nursing home resident must pay a co-pay . In 2013 , the co-pay is $ 148 . After that , Medicare does not pay for nursing home stay unless a new 100 day benefit period .


Input: What Does Standard Renters Insurance Cover?

Output: Standard is relative to the person using the term and the carrier you are talking about . Typically renters insurance will provide coverage for you personalproperty and liability coverage for covered losses . Renters insurance functions very much the same way as homeowners insurance . Contact a local agent and they provide you with information on the policies and endorsments that they have to offer .


Input: Does Homeowners Insurance Cover Pool Damage?

Output: Your homeowners insurance policy covers damages that are caused by specific perils . While it is possible that damage to a swimming pool could be caused by fire or another of the covered perils , I doubt that is the point of this question . Most swimming p0ool difficulties arise from earth movement and that is an excluded peril in most policies .


Input: When To Add Child To Health Insurance?

Output: Each health insurance carrier is different but the general rule is you need to add your newborn to your health insurance policy within 30 days of the birth . You should follow the same procedure for a legal adoption . If you do not add your child in a timely basis there may be a delay in coverage .


Input: Who Qualifies For Medigap Insurance?

Output: Almost anyone with Medicare Part A and Part B can be covered under a Medigap plan . Some carriers do not require Part B but you would be wise to have it even if not required . When you turn 65 and enroll in both Parts , you can purchase a Medigap policy without evidence of insurability . If you wait you may have to prove you are insurable .


Input: What Is The Medicare Tax Rate?

Output: The Medicare tax rate is 1.45 % each for the employee and employer , regardless of income . For employees making over $ 200,000 per year , an additional 0.9 % must be withheld from their wages in 2013 . This additional Medicare tax -LRB- AMT -RRB- is only charged to the employee ; the employer does not have to match it .


Input: Much Does It Cost To Buy Life Insurance?

Output: The cost for pure term life insurance varies based on age , amount , coverage period , issuing company , your health and your lifestyle . For example , a male age 35 in above average health can expect to pay around a $ 1 per day for $ 500,000 of 10 year term insurance . Permanent coverage will cost more but can be designed so that it can not be outlived -LRB- the main problem with term -RRB- and will build cash values that grow tax-deferred .


Input: What Is The Difference Between Accidental Death And Life Insurance?

Output: With the exception the insured dying at the hands of the beneficiary , the insured committing suicide in the first two years of a policy , and any contractual war clause exemptions ; life insurance pays the death claim whether by accident , disease or natural causes like old age . Accidental death or AD&D -LRB- accidental death and dismemberment -RRB- pays only accidents not disease . AD&D is less expensive because the actuarial accidental death statistics are so much lower than death caused by disease .


Input: What Is The Difference Between Accidental Death And Life Insurance?

Output: Accidental Death and Dismemberment insurance -LRB- AD&D insurance -RRB- pays for death due to accident , such as falling down stairs or being in a car wreck . Life insurance pays for death due to accident AND natural causes , such as cancer or old age . The reason Accidental Death insurance usually costs less than Life insurance is because the number of people who die from accidents is a fraction of the number of people who pass from natural causes .


Input: How Much Is Car Insurance For A Weekend?

Output: Auto insurance is not sold just for a weekend unless you buy the insurance from a rental car company and only if you are renting the vehicle from the agency . I have seen polices available as short as a month policy but you tend to pay a premium dollar for this type of policy . Otherwise the average policy length is 6-12 months . You can cancel early but may be subject to short rate fees .


Input: When Are Annuities Appropriate?

Output: Non-qualified deferred annuities permit tax deferred accumulation in the policy . If youre in a high tax bracket , deferring ordinary income tax is a benefit in itself . If youre receiving Social Security , you can defer your annuity gains without mandatory required distributions , which could have an impact on taxation of your Social Security Benefits . Annuities can be annuitized over your lifetime generating lifetime income you cant outlive . If you annuitize your annuity for lifetime income you cant out live , the basis is paid over your life expectancy tax free as part of the payment until its exhausted . Mortality credits are added to the interest rate crediting a stream of income that can be competitive with other interest bearing accounts .


Input: Do You Need A License To Sell Life Insurance In Maine?

Output: Peggy is 100 % correct , of course - but I 'd like to just give a tip - get a Life and Health license . The population in Maine is pretty sparse - and if you are new to the field you may want to expand your portfolio of products instead of concentrating in just a specific type of insurance .


Input: Do You Need A License To Sell Life Insurance In Maine?

Output: Yes , you do need a license to sell life insurance in Maine . If selling products that do not involve securities , the license is simply called a Life Insurance Producer 's License issued by the Maine Department of Insurance . It requires passing an exam and paying fees to get that type of license . Selling variable products also require a couple of securities licenses .


Input: Is Wind Damage Covered By Homeowners Insurance?

Output: Under most circumstances wind damage would be covered under your homeowners insurance policy possibly less your policy deductible . Remember every policy is different . Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you .


Input: Is Medicare Enrollment Automatic At Age 65?

Output: If you are receiving Social Security benefits at age 65 , you will be automatically enrolled in Medicare Part A and Medicare Part B at age 65 . If you are not yet retired and are not receiving Social Security benefits at age 65 , you must enroll for Medicare on your own . The best time to do it is three months before turning age 65 .


Input: What Does Home Owners Insurance Usually Cover?

Output: That 's kind of a tough question to answer becuase many homeowners policies cover a multitude of things . In general terms if you house catches on fire , is broken into , is damaged by wind hail or lightning , your pipes burst , some body trips and falls on your proprty and gets hurt you could have a claims situation on your homeowners policy . This is just scratching the surface as every policy is different in every state . Most carriers add in a bunch of `` extra '' coverages too . To truly know what your homeowners policy covers , you need to do two things 1 -RRB- Call you local independent agent and discuss you policy with them 2 -RRB- Actually read your policy . I know reading a legal contract is your idea of fun night curled up by the fire , but it is in your best interest to actually read your entire policy , know what it includes and excludes and ask your agent about things you have questions on ... .


Input: What Is Personal Injury On Homeowners Insurance?

Output: Personal injury on the home insurance in most cases is liability protection for the policy owner from issues such as slander , defamation and libel . In other words the character of someone or possibly violation of thier personal rights . It helps to protect you in the event of a lawsuit . Of course there is no coverage for any illegal acts and depending on the company you have there is differences . Call a local independent agent and ask your questions and get the answers for the policies and companies they offer .


Input: Is Cancer Insurance Worth Having?

Output: In sports there are `` odds '' ... What are the odds of hitting a hole in one ? An average golfer on a 200-yard par-3 : 150,000 to 1 . Odds of myself or David/Ted -LRB- above -RRB- ... one in TWO ... Ladies are lucky ... it 's only 1 on 3 ... So yes , `` cancer insurance '' is a great protection plan to own . Let 's compare Cancer insurance to protection plan that is growing in popularity , Critical Illness -LRB- CI -RRB- . Cancer insurance covers ?? ... . YES ... ding , ding , ding ... cancer . Most benefits are paid out on a scheduled basis . Meaning you get `` so much for each item eligible for a claim '' . Each treatment/service has a named value : Chemo - So much per treatment . Surgery - a specific amount . Hospital stay - A specific amount per day . Possibly more for ICU . & it goes on ... . Critical Illness pays a lump sum upon diagnosis . There is no need to continually update the carrier about treatments , surgeries , & hospital stays . Think of it as upfront money vs. trickling in over time . Since Critical Illness Insurance typically ahs a benefit for Cancer , heart attack/stroke , and other life changing illnesses -LRB- like blindness & paralysis -RRB- , the one policy can do a lot more for you over a lifetime . Which is better , Cancer or Critical Illness insurance ? As you will see in many of my posts ... UNDERWRITING is the key . Always buy the most coverage for your monthly premium dollars based on the underwriting . - gravy


Input: Is Cancer Insurance Worth Having?

Output: When you look at the statistics , a Cancer plan is certainly worth looking in to . There are some policies that provide a return of premium if you do not come down with cancer after a specified period of time . A Cancer plan can often make a difference of losing your home or being able to get the treatment you want .


Input: Is Cancer Insurance Worth Having?

Output: If your family has a historical disposition of generational reoccurrence of cancers , it is highly recommended to secure coverage , even beyond conventional health insurance . The price tag is insignificant compared to the possible financial exposure of cancer treatment and recovery . Of course you have to secure coverage before the cancer event .


Input: What Is Double Indemnity Life Insurance?

Output: Double Indemnity usually means that if a person dies by accidental means then the plan pays double the face amount of the policy . It is essentially an accidental death rider attached to your policy . These used to be very popular but I do n't see them as much any more .


Input: What Is Double Indemnity Life Insurance?

Output: Double indemnity provisions can be embedded into life insurance policies providing twice the death benefit if death was deemed accidental . To secure a policy that addresses this , keep in mind that higher premiums will be charged to cover double indemnity contracts . The odds of accidental death are not very high , so most insurance planners dont address it .


Input: What Is Double Indemnity Life Insurance?

Output: Double indemnity means that in the event of death by accidental means the policy will pay double the face amount . It is actually a wedding equal amount of life insurance and accidental death insurance . The premium for accidental death insurance is quite low as few deaths meet the definition . The problem that double indemnity creates is the illusion that those who a person loves are going to be well cared for , when in fact the accidental death portion is unlikely to pay .


Input: Is Term Life Insurance Expensive?

Output: Of the different types of life insurance term life , whole life , universal life and variable life , term life is actually the least expensive value per premium dollar . The shorter the term , the less expensive term life insurance will become . The common types of time periods of term life insurance range from annual renewable which goes up every year to 5-10-15-20-25-30-35 year terms which increase premiums according to the length of time of a guaranteed level premium . Please keep in mind your premiums have more to do with your personal factors than anything else which is based on your personal risk . Underwriters will consider your age , build , current health , life style , health history , occupation , residence , income and assets when determining your exact premium . I recommend using an independent experienced life insurance broker to help you find the best product at the best price for your unique situation .


Input: Is Term Life Insurance Expensive?

Output: That is a great question ! Typically , term life insurance is very inexpensive , when compared to a whole life policy for the same benefits . The reason is that term policies will end at the specified term end date , and there is only a payment if the insured dies within that period of time . Since they do n't have to pay off very often , these policies can be offered more cheaply . A whole life policy will always pay off , assuming it is kept in force . Term policies also have no extra bells or whistles , it 's straight coverage for a period of time , and that 's it . No riders , cash value , or surrender values , like a whole life policy would have . This type of policy is great for covering debt , as they are so inexpensive , and when the debt is repaid , the policy can be ended . I hope that helps , thanks for asking !


Input: Is Term Life Insurance Expensive?

Output: Term life insurance is generally inexpensive for the amount of coverage that you get . Keep in mind that if you are older , or have health problems , the cost of term life insurance is going to be higher than for someone who is young and in perfect health .


Input: Can I Get A Check From Auto Insurance?

Output: It has become a wide-spread practice for insurance companies to deal directly with repair facilities . The company still issues a check for the services but the check requires the signature of the insured and the repair facility to be valid . If the vehicle is deemed unrepairable the company will issue a check to the insured for the market value of the car minus the deductible .


Input: What Does Medicare Part B Cover?

Output: Medicare Part B covers the doctor services , outpatient hospital services , medical services and supplies . There is a monthly cost charged to the Social Security check received . There is a deductible and 20 % copayments if incurred . In addition you pay all costs for services and supplies not covered by Medicare .


Input: What Is The Average Cost Of Health Insurance In Indiana?

Output: The average cost in the country for a health insurance plan is $ 328 per month - however , this is only reflective upon a silver level plan -LRB- not all 2014 state figure averages are available yet -RRB- . While you can try to come up with an `` average '' cost , there 's too many factors that go into premium pricing to say how in relation that compares to you . In short , an `` average '' premium is a rather useless figure to the individual . It 's only representative to a large group - you could have people paying a small nominal amount -LRB- after factoring in subsidies -RRB- per month to several thousand dollars per month . Even for that there 's a ton of information to sift through to get an accurate representation . Under the new Affordable Care Act , 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 . 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 and find the plan that 's going to be best suitable for your needs .


Input: What Is The Average Cost Of Health Insurance In Indiana?

Output: With more than 33 years of experience as a broker -LRB- and fully licensed in Indiana -RRB- , I 'll answer your question . That depends . I know ... That 's not a specific answer . But there are many variables that impact the rate ... such as your age , where in Indiana you live , the type of coverage etc. . . A federal subsidy may also drastically reduce your rate . Many of my Hoosier clients are quite surprised when notified of the magnitude of the discount .


Input: Who Governs 401K Plans?

Output: A defined contribution pension plan established by an employer under section 401 -LRB- k -RRB- of the Internal Revenue Code is what is popular called a , 401 -LRB- k -RRB- The program itself is designed for the employer . Administration of the plan may be handled directly by the employer or by a third-party administrator . The fiduciary requirements are with the employer ; however , these may be contracted to another party as well .


Input: What Age Should I Buy Life Insurance?

Output: You should purchase life insurance when you feel it is appropriate . I purchased my first whole life policy when I was 18 years old . I wanted to pay for my final expenses , establish my insurability and I looked to the policy to help me save money in a disciplined manner . When I married , I increased my policy to provide for my brides needs should I die prematurely . I still buy life insurance and am contemplating an additional purchase .


Input: What Age Should I Buy Life Insurance?

Output: Whatever age your are now , is probably a good time for you to buy life insurance . If you are thinking about it , you probably have a need for it . There are policies available at any age . You simply adjust the face amount and type of policy to cover your need at the time . The younger you are , the cheaper the premiums usually are .


Input: Why Do You Need Disability Insurance?

Output: If you were injured in an accident or had a debilitating illness that prevented you from working , how long can you go without a paycheck ? How will you pay your bills ? How will you pay for your health insurance ? Most people do not have enough in savings to pay the bills in the event of an extended illness . If they do , chances are it will come at the expense of the kids college fund or retirement savings .


Input: Who Is Eligible For Medicare Part B Reimbursement?

Output: There are 3 Medicare programs that can help you pay your Medicare Part B premium . These are termed Medicare Savings Programs and you qualify based on family income . Medicare QMB will pay your Medicare Part A and Part B premiums as well as offer assistance on deductibles and coinsurance . SLMB and QI will pay your Medicare Part B premium only .


Input: Can Annuities Be Transferred?

Output: Non qualified tax deferred annuities can be exchanged to another non qualified tax deferred annuity via section 1035 of the IRA code without a taxable event . Keep in mind that non qualified tax deferred annuities can not be exchanged to a qualified annuity or vise versa . The 1035 rule exchange is a powerful tax advantage .


Input: Why Would Anyone Buy Term Life Insurance?

Output: People would buy term life insurance to cover a temporary need . E.g. Most people need more coverage while raising children . Term insurance costs less than permanent , and there will not be a need for that much coverage after the children are grown . So for that purpose , 20 to 30 year Term works well . Some loan companies require term insurance to protect them if the borrower should pass away . Term insurance is well suited to temporary needs .


Input: Why Would Anyone Buy Term Life Insurance?

Output: Term life insurance is needed when you have a temporary debt that you do n't want others to be burdened with such as a home mortgage , car loans , credit card debts , college tuition , etc. . Coverage for items such as income replacement and leaving a legacy to your family should ideally be covered by a permanent life insurance policy . I would recommend consulting with an experienced independent life insurance broker who can work with you on a personal level to help you determine how much coverage you should have in place and how long you should have it for . Since budget is an obvious concern for most , many people will create a coverage structure that will best serve their needs even if it can not cover everything . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much .


Input: Why Would Anyone Buy Term Life Insurance?

Output: People who have temporary financial liabilities and time certain future obligations purchase term life insurance . They do this to indemnify their family members or business associates or charities that depend on their benevolent giving . Most people also purchase term life insurance with a convertible clause that allows them to convert to permanent life insurance in case their temporary circumstances turn out to be outgoing .


Input: Why Would Anyone Buy Term Life Insurance?

Output: Term life insurance is ideal for temporary needs where the duration is known . Term is a relatively simple product to understand and so affordable , it can fit most any budget . It is common in situations where young families have a tight budget and need life insurance for protection for up to 30 years . Most term policies feature conversion without evidence of insurability to permanent policies later when they can better afford the premium for lifetime funding .


Input: What Is Considered A Sports Car For Insurance Purposes?

Output: Every year , make and model of automobile that a particular company is willing to insure has a symbol that determines the rating factors that are going to be applied . The symbol is the result of company experience and industry experience . If a car has a history of high repair costs it will be assigned a high symbol , regardless of the appearance or name you give the vehicle . Cars with low weight and high horsepower -LRB- sports cars -RRB- generally have high repair costs and a high symbol . Cars with expensive parts can also be assigned a high symbol .


Input: Is Life Insurance Really Worth It?

Output: Absolutely ! Life insurance is important to all who have someone or a family depending on them for income . A life insurance policy should cover debt balances including mortgage , income replacement , and college funding for the kids . Term insurance is the most economical way to provide enough protection to cover these needs . As time goes on and debts are eliminated and assets are growing the need for life insurance protection decreases .


Input: Is Life Insurance Really Worth It?

Output: Video Transcript : Today 's question is , is life insurance really worth it ? Well , that 's a good question . If I have financial liabilities , like indebtedness , a mortgage , if I have future obligations , like a college education for my children or my retirement , or I want to replace my income for my family if something happens to me , I think that 's worth it . How do I pay for that ? You may want to look at term life insurance if you have a temporary indebtedness or future obligations and it 's temporary , that could be your play because that 's the cheapest way to play . And that makes it worthwhile . If you have ongoing financial indebtedness or future obligations , or you need to replace income , or you have terrible intent , you probably need to buy a permanent form of life insurance . Depending upon what you 're trying to cover , I think that life insurance is absolutely needed and necessary and yes , I think it 's worth it .


Input: Is Life Insurance Really Worth It?

Output: Life insurance can pay hundreds of thousands of dollars of benefits to the beneficiary after the policyholder has paid in premiums for only a few years , months , or even days . There is no way for most people to save up that amount of protection by the time it might possibly be needed . If death occurs unusually early or unexpectedly , life insurance is definitely worth it . If not , some people still feel it was worth the peace of mind . And if you have permanent life insurance , you eventually get back all you paid in plus some extra in the form of cash value .


Input: Is Life Insurance Really Worth It?

Output: You insure your car and your home , right ? Well you may not collect on those policies , but your family surely will on your Life Insurance Policy ! If money is tight , and budget shuffling does n't help , at least put something in place with Term Insurance , until you can afford Whole Life . Any amount is better than no amount . New York Life offers a large variety of policies .


Input: Is Life Insurance Really Worth It?

Output: To really get an answer , you need to ask yourself ` What happens to my family and beneficiaries if I die tomorrow ? ' . If there are family members and other beneficiaries that depend on you financially , the answer should be clear ; Any death benefit that they receive willnot replace the void from your passing but it will certainly help reduce the burden of any financial obligations that you had been helping to cover , i.e. mortgage , car payments , debt , student loans , living expenses and the list can go on . Further , life insurance can help you leave a legacy or gift for your loved ones that can help them for years to come . And if there are beneficiaries that you would desire to leave money for , you can always name a non-profit or charity as a beneficiary , i.e. Alma matter , favorite charitable organization , museum , zoo , etc. . Insurance proceeds , which are tax-free , can be used to fund education for children and grandchildren , family trip to help heal together after the loss of your life , remove financial uncertainty about a spouse or child 's retirement or an endless list of other possibilities . It is an invaluable gift over and above the sum of money that they could receive . The bottom line is , whatever you can comfortably afford in premiums , will create a larger sum of money that will help change your beneficiaries and loved ones ' lives for the better .


Input: Is Life Insurance Really Worth It?

Output: If you make one life insurance payment , then die suddenly , your beneficiary will receive the entire face amount of your policy . If your policy was graded -LRB- as can happen if you purchase a policy while very ill -RRB- and you died suddenly , your beneficiary will still receive all you paid in , plus some extra . If you survive the graded period , or die accidentally , they will again , receive the full death benefit . It is impossible for most people to save up hundreds of thousands of dollars at the time they need it most - while income is relatively low , there are small children to raise , and you are getting on your feet . Life insurance is an incredible value and definitely worth it to someone in those shoes .


Input: Is Life Insurance Really Worth It?

Output: Is Life Insurance really worth it ? That depends entirely on the individual involved . For some the idea of protecting their family if they do n't make it home some night is worth a great deal . For others not so much , as it depends on your relationships in life . Even as single young man , I bought life insurance . Why ? cause it was `` worth '' it to me to make sure that my mom could deal with the clean up of the mess I left behind without having to spend the money she worked hard for herself . It was `` worth '' it to me to make a terrible situation that my mom might have to face not a financial hardship at the same time . Later on , it was `` worth '' it to me to have coverage for my wife and kids . This is really a personal answer for each person . I ca n't tell anybody why it 's worth it to them , that has to be their own choice .


Input: What Are The Benefits Of Medicare Part C?

Output: Medicare Part C , more commonly known as Medicare Advantage plans , is a privatized form of traditional Medicare . Insurance carriers become sub-contractors to Medicare and provide benefits for Medicare Beneficiaries . Advantage plans cover the same things as Medicare but the similarities stop there . Medicare and Medicare supplement plans are the same regardless of your state or zip code . Advantage plans differ by state and even within a state . Advantage plans have low premiums -LRB- sometimes $ 0 -RRB- and introduce deductibles , copay 's and coinsurance when you access medical services . Advantage plans also require you to use limited doctor and hospital networks .