Input: What Is Depreciation On Home Insurance?

Output: Always ask about Replacement Cost . If your policy pays Replacement cost , it will replace an item without a deduction for depreciation -LRB- the cost to buy a similar item brand new -RRB- . If you do not have Replacement cost , then the insurance company will pay you the fair market value at the time of a loss -LRB- Replacement cost - deprection -RRB- . Depreciation is a deduction in value for every year that the item is used , which lowers it 's value .


Input: What Is Depreciation On Home Insurance?

Output: There are two methods of calculating the value of loss items in insurance : Replacement Cost Value -LRB- or RCV -RRB- , and Actual Cash Value -LRB- or ACV -RRB- . Depreciation is used to calculate ACV . With RCV , you are only concerned with the replacement cost of the loss items . For example , ifI purchased a 32 inch flat screen TV 5 years ago , I might have paid $ 900 for the TV . But tobuy that exact same TV now might only cost $ 200 . So , I would get RPV of $ 200 , because that is the cost to replace my loss item . -LRB- This could also work the other way . If that exact same TV now is $ 1,200 , I would get that amount instead -RRB- . With ACV , we use depreciation to determine the actual cash value of the loss item . So with my $ 900 TV that I bought 5 years ago , each year that I 've owned the item its ` valuewill be less . Eventually , my TV will only beworth the amount I could get to scrap it . After 5 years , that TV is only worth $ 50 , because the actual value of that TV has depreciated .


Input: What Will Homeowners Insurance Pay For?

Output: Check with your Insurance Professional and discuss all of the terms and conditions of your Homeowners ' policy , of course . For the most part , most modern Homeowners Insurance Policiesprotect your dwelling , other property structures and your personal belongings for a fairly broad range of covered perils . These commonly include fire , lightning , theft and so on . Your policy will , however also include some fairly specific exclusions that eliminate or limit coverage , so you need to be aware of these as well . Remember that most policies exclude coverage for damage caused by earth movement and flood . You can , in most cases , ask to have earth movement coverage endorsed onto yur policy , but the only way to protect yourself from flood loss is by purchasing a Flood Insurance Policy . In addition to the physical coverages I have just referenced , the Homeowners ' policy will also provide Liability coverage . This line of coverage protect you from losses caused by bodily injury or property damage for which you are leagally liable .


Input: What Is The Best Supplemental Insurance Plan For Medicare?

Output: You will define what is best based on your particular needs and budget . All Medicare supplemental insurance plans with the same letter are identical in every way except the premium , the decision is much easier . Medigap plan F is the most popular , mostly because it is oversold . Far too many agents promote the plan because it is easy to explain . Medicare supplement plan F is also the most expensive plan ... and the one that pays agents the highest commission . I recently showed a couple how they could save over $ 1700 per year by switching from their current plan -LRB- with a big name carrier -RRB- to a smaller , but reputable carrier . There is no reason to pay more for the same coverage , even if you are rolling in dough . #GeorgiaMedicarePlans


Input: Are Life Insurance Proceeds Taxable In Oklahoma?

Output: Life insurance proceeds in Oklahoma are usually not taxable for income tax if the beneficiary is other than the estate . If the life insurance goes to the estate , either because the beneficiary was designated as such or the beneficiaries named on the policy are no longer alive , the death benefit goes through probate and will be taxed . Oklahoma has state estate taxes that exempt the surviving spouse , and exempt other heirs up to $ 3,000,000 . Federal estate taxes exempt up to $ 5,250,000 , which includes the value of the policy proceeds plus the rest of the estate .


Input: Are Life Insurance Proceeds Taxable In Oklahoma?

Output: Life insurance proceeds generally pass to the the beneficiaries of the policy tax free . There are exceptions for business scenarios where the proceeds are subject to the AMT and estates that are larger than the unified credit or resident state exemptions . Consult your tax attorney for specifics in your state .


Input: Can I Get Health Insurance Without A Job?

Output: Yes you can get health insurance without a job . I would highly recommend getting individual health insurance as soon as possible and keep the coverage until you find another job that offers group health insurance benefits .


Input: What Is Meant By Deferred Annuity?

Output: A deferred Annuity simply means that any taxes you would normally pay on growth is deferred until such time you withdraw the monies . Annuities are designed , similar to other retirement accounts such as IRA & 401 -LRB- k -RRB- , to grow tax deferred until age 59 1/2 when you can take the money out penalty free .


Input: How Much Is Good Life Insurance?

Output: First , you need to understand what Good Life Insurance is . Good Life Insurance is the insurance you have in place when you need it , the day you die . That said , what is it you are looking for ? death benefit supplemental income living benefits such as Critical Illness & Chronic Illness Estate Protection College Savings , etc. . Once you know what your needs are or you identify what is important to you , then you need to find a reputable company who can offer the products which will maximize your benefits with the least amount of premium . Contact your agent/broker to get some illustrations based on what you are looking for .


Input: How Much Is Good Life Insurance?

Output: As good life insurance policy is one that is in force the day that you die . I suppose you could speculate that the cheapest life insurance policy is one that was scheduled to reach the end of its term the day following your death . If you know when you are going to die , I can tell you which policy is cheapest . Since few of us know this the choice we generally make is which policy will give me all the coverage that I need during the time frames in which I need it . As for the name of the company , please understand that life insurance companies are highly regulated . Your state insurance commissioners job is to make sure that the death claim is paid when it is owed . Money from a B - insurance company is just as negotiable as an A + company .


Input: How Much Is Good Life Insurance?

Output: There are a lot of factors determining the cost of life insurance . First I believe if you stay with all `` A rated '' carriers you will receive `` good '' life insurance . The price is determined by factors such as face amount , term of insurance , age , build , health , occupation , life style just to name a few . I would recommend contacting an independent life insurance broker to help you with professionally shopping numerous carriers for the best price for you and your current situation .


Input: How Much Is Good Life Insurance?

Output: Ironically , the price of life insurance from poorly rated companies is often higher than the price of life insurance from highly rated companies . Good life insurance can be purchased at very competitive rates . You can input your information into a quote engine online to see what the cost would be for you .


Input: Does Life Insurance Test For Hep C?

Output: When applying for life insurance you may be required to take give a blood and/or urine sample for analysis . Most people who have Hep C discover they have it in an exam when applying for life insurance . The elevated liver functions are the tip off for further consultations with the applicants primary doctor , to determine whats causing the elevated liver functions . If theres no deterioration of the liver , it is possible to receive an offer from a life insurance company .


Input: Does Life Insurance Test For Hep C?

Output: Life insurance companies test liver labs that can indicate Hep C . They do not diagnose Hepatitis C , per se . Instead , they will decline or postpone if Hep C is suspected , and ask that you see your doctor before reapplying or continuing with your application . Keep in mind that the above only applies to policies that require an exam . No Exam policies do not test blood although they usually ask on the life insurance application if Hep C is present .


Input: What Are The Best Hybrid Annuities?

Output: Hybrid annuities are generally annuities with morbidity riders or embedded contract provisions like long term care , critical illness , catastrophic events , etc. . Some of these added living benefits are free or have extra charges associated with them . Some annuities with long term care may have some tax advantages under the Pension Protection Act that could be very valuable to a policy owner .


Input: How To Purchase Homeowners Insurance Online?

Output: Homeowners Insurance ca n't be bought on line that I am aware of . You may be able to get a quote on line but there are many coverage 's that need to be addressed . Especially as it pertains to replacement cost of a property and actual insure-ability that would not allow a non licensed agent to just purchase . Your best option is to call a local independent agent that knows the area and works with multiple insurance companies to get you the best coverage 's at the most affordable premiums .


Input: What Does A Home Insurance Inspector Look For?

Output: Great Question . Most of the time and insurance company inspects the outside of the house when you buy a new homeowners policy . Typically they look at the roof of the house , outside paint of the house and the overall condition of the house exterior . Keep in mind you have to take care of the house and keep it in good shape to get insurance .


Input: What Is LMRP For Medicare?

Output: LMRP stand for Local Medical Review Policy . LMRP 's outline how contractors will review Medicare claims to make sure they meet Medicare coverage requirements . As such , LMRP 's assists Medicare providers , physicians and suppliers in submitting correct claims for payment . Starting in December 2003 , Medicare contractors were required to convert their LMRP 's to LCD 's , or `` Local Coverage Determinations '' . LCD 's are limited to provisions that establish clinical circumstances when services are considered to be reasonable and necessary .


Input: How Many Life Insurance Policies Go Unclaimed?

Output: In an article posted by ConsumerReports.org in February of 2013 , it was reported that at least $ 1 billion of life insurance proceeds are currently unclaimed in the United States . The average death benefit that has not been claimed is $ 2,000 . Insurance companies have begun making greater efforts to locate the beneficiaries of deceased policy holders . It is important for people who have policies to keep up change of addresses with the insurance companies that have their policies , and also to provide relatives with the location of polices so that claims can be made .


Input: Is Disability Insurance Premium Tax Deductible?

Output: Disability Insurance that is privately owned and paid for by the person owning the policy , is not tax deductible . However , if the person owning the policy would become disabled and receive Disability benefits through the policy , the income received would not be subject to federal income tax if the premiums were paid with after tax income .


Input: What Type Of Car Insurance Is Best For Me?

Output: All insurance auto policies are the same they all have liability which is damage to other . Then you have optional coverage of un insured and under insured and medical pay then of course the option of `` Full '' coverage which really is not the best choice of words for coverage but that is coverage that repairs your auto in the even of a loss minus the deductible . The best coverage would be to have higher limits and full coverage . How ever you budget needs to thought about also . If you are purchasing all the coverage and ca n't afford the higher deductible then full coverage may not be the best option for you . Before you ever purchase a car or insurance shop around call a local agent and discuss what options you have . Many agencies demand that you have certain limits which is recommended to have the higher limits but it is pointless if you ca n't afford the higher limits because if it means eating or insurance well you going to choose food . Talk to an agent who will listen to your concerns and find you the most affordable rate and coverage that your desire . Online quotes can sometime be lower but the service sometimes is not as well as an agent example at our agency you can reach us 24/7 we never want you to ever have to call a 800 number and talk to a stranger .


Input: What Type Of Car Insurance Is Best For Me?

Output: This is a very vague question given that we do not know who you are , so please forgive these general answers . My analysis always starts with two things , what does your driving history look like and what is your net worth ? Driving History : this will reveal number of years driving , accident/violation history and how much you currently drive . This is important because if you are a very safe driver who has been driving for many years I would recommend a higher deductible -LRB- since it has never been used -RRB- . However , if you have a history of accidents then I would recommend a lower deductible since it will be used more often and higher property damage limits -LRB- in case you damage something other than another vehicle -RRB- . Net Worth : if you have a high net worth then I would recommend a larger bodily/physical injury limit . The reason for this is in case you seriously injure someone you will get sued . If you have lower limits then the insurance company is going to cut you a check and walk away . However , if you are insured for lets say $ 1,000,000 bodily/physical injury , then the insurance company will more than likely step in and work on settling the amount . After these factors have been considered I go over additional coverage -LRB- rental cars , rental reimbursement , coverage forms -RRB- and lastly pricing . I hope this helps .


Input: Is Surrendered Life Insurance Taxable?

Output: If youre addressing permanent types of life insurance with accumulating values that exceed the original basis -LRB- contributions -RRB- , i.e. gain , then you ll have an ordinary income tax event at your effective tax bracket rate . And if youre receiving Social Security the income generated from the surrender of the policy will also be included in the provisional income test for the taxation of Social Security benefits .


Input: Can Apartments Make You Get Renters Insurance?

Output: My response to this question might be a little different . Landlords , or their legal counsel , often require tenants to provide a form of `` Renter 's '' insurance for a number of reasons . First , if a tenant has renter 's insurance , it may indicate they are prudent and responsible . Most would agree it is prudent and responsible for any residential or commercial tenant to maintain adequate property and liability insurance . Before most insurance companies issue an insurance policy , they screen potential insureds to make sure they are responsible citizens and have reasonably good credit . Requiring Renter 's insurance would provide the landlord some assurance the tenant was able to pass those tests . In addition , if a tenant 's negligence resulted in injury or damage to the landlord 's property or injury or damage to other tenants or their guests in the building , the tenant may be responsible for indemnifying the damaged parties . The tenant 's Renter 's insurance would provide some assurance the tenant or his insurer would have the resources to back up that obligation .


Input: Can Apartments Make You Get Renters Insurance?

Output: Any landlord as a requirement of their rental or lease agreement can state as a requirement that tenants obtain renters insurance . This is to protect the landlord in the event of a loss caused by the tenant . Any responsible tenant should have renters insurance not only to protect their own property but their own assists in the event of a law suit due to bodily injury or property damage .


Input: Can Apartments Make You Get Renters Insurance?

Output: This probably depends upon the state where you live . A landlord can , normally , set conditions for renting property . They are generally not allowed to be discriminatory . If the landlord requires renters insurance from all tenants he should not be considered to discriminate . By requiring you to buy a renters policy he is clearly establishing that he is not responsible for your property while at his premisesyou are ! If someone comes on to the property at your invitation , he isnt responsible for bodily injury or property damageyou are !


Input: My Claim Was Denied Due To My Criminal Record. Is That Right?

Output: You are not required to accept the decision of the claims adjuster . The company does not have to pay if fraud is involved . Normally , this would go beyond suspicion or implication . Many companies have separate units to investigate fraud . These companies will often refer their files to criminal prosecutors .


Input: Can You Negotiate Health Insurance Rates?

Output: No ! Each company files their rates with the State and must be approved by the State . No agent or internet entity can offer you a discount or reduce the rates when you are comparing the same policy with the same company . It is illegal for an agent to induce purchase by offering a rebate on premium . Many internet companies providing quotes on their web site provide preferred rates when quoting . The fact is however that when a person applies for coverage , the company will determine the final rate . So if a person does not qualify for preferred rates , the rate he or she actually receives will be higher than quoted .


Input: What Does Health Insurance Usually Cover?

Output: The benefits under each plan varies by company and metal level -LRB- bronze , silver , gold , and platinum - there 's also a catastrophic plan available to individuals under age 30 -RRB- . However , every plan has a set of 10 essential health benefits that they must meet , but carriers have the option to offer coverage above and beyond the essential benefits -LRB- the metal level is the big indicator on that -RRB- . The essential health benefits that every plan must meet are : 1 -RRB- Ambulatory Patient Services Health care services without being admitted to a hospital -LRB- e.g. visiting a doctors office or a clinic , home health services , and hospice care some plans may limit home health and hospice care benefits to no more than 45 days -RRB- . 2 -RRB- Emergency Services Care of conditions requiring immediate treatment -LRB- typically at an emergency room -RRB- , including ambulance transportation . You also cant be penalized for going to an out-of-network hospital . 3 -RRB- Hospitalization Care provided during a hospital visit , including services provided by doctors , nurses , and other hospital staff , medical tests , medications given during your stay , as well as room and board . Care received in a skilled nursing facility is also included in hospitalization coverage -LRB- note : some plans limit skilled nursing facility benefits to no more than 45 days -RRB- . 4 -RRB- Laboratory Services Tests a doctor completes to help diagnose an injury , illness , or other medical condition , or to monitor the progress of a treatment . Some preventative screenings may be fully covered . 5 -RRB- Maternity and Newborn Care Care women receive during pregnancy , including prenatal care , in labor , delivery and post-delivery , and care for newborn babies . 6 -RRB- Mental Health Services and Addiction Treatment Inpatient and Outpatient care that evaluates , diagnoses , and treats mental health conditions and substance abuse disorders -LRB- some plans may limit coverage to 20 days per year -RRB- . 7 -RRB- Rehabilitative Services & Devices Rehabilitative and habilitative services and devices to help regain mental and physical skills that were lost due to injury , disability , or a chronic condition . Each plan has to provide 30 visits per year for physical or occupational therapy , speech therapy , cardiac or pulmonary rehabilitation , and chiropractor visits . 8 -RRB- Pediatric Services Care provided to children , including vaccines and immunizations . For children under the age of 19 , dental and vision care must be offered this includes two routine dental exams , an eye exam and corrective lenses each year . 9 -RRB- Prescription Drugs Medications prescribed by a doctor to treat a medical condition or illness . At least one prescription drug must be covered in each category and classification . 10 -RRB- Preventive and Wellness Services and Chronic Disease Treatment care includes physicals , immunizations , and certain types of screenings designed to prevent or detect certain medical conditions as well as care for chronic conditions such as diabetes and asthma .


Input: When Is Whole Life Insurance Better Than Term?

Output: Let me count the ways 1 . When you want to be sure your benefit will be paid out . People tend to keep permanent insurance and drop term . If you drop the policy , no one will collect the money you paid for ! 2 . When you want a premium guarantee for life . Term will , as you know , guarantee the premium for a fixed period only . 3 . When you want cash accumulation at a guaranteed interest rate that is typically higher than any other guarantee-oriented product . What other product is a better fit for the conservative portion of your financial portfolio ?


Input: When Is Whole Life Insurance Better Than Term?

Output: I do n't think you can state whole life is actually better than term life insurance or term life insurance is better than whole life . It just depends on the need by you , the client . There are many different product options when it comes to life insurance . There is the right product for practically every situation . The true use of whole life is when there is a level premium need for life insurance your `` whole life '' hence the name . However , whole life insurance has become the Swiss Army knife of life insurance . The riders and cash value can be used for critical illness , terminal illness , children 's college funds to retirement benefits . There are now lots of uses for whole life insurance . Term life insurance is meant more to cover a need for a fixed amount of time . There are term limits that vary from annually to 5 years , 10 years , 15 years , 20 years , 25 years , 30 years and even 35 years . You may also set a premium on a universal life plan that does n't build cash value other than to level your premiums as far as age 151 years old . The main thing to consider which type of life insurance you need is to first identify your need for life insurance . A wise man once shared , you should buy life insurance like you will die tomorrow and invest like you will live forever . Find an experienced independent broker to help you identify your needs and shop the market for the best product at the best price for your unique situation . Good luck .


Input: When Is Whole Life Insurance Better Than Term?

Output: When is whole life better than term ? When insuring the time coverage is needed goes beyond 20 years or so . Term is short for temporary coverage . Term works best when you know your end date and know you will not need coverage beyond a certain date . Term is really not a plan when there is no known end date for the need . Whole life is best for long term needs and for those who really are n't sure how long they may need coverage beyond 20 years or so .


Input: When Is Whole Life Insurance Better Than Term?

Output: Whole life is almost always better than term , because it locks in your premium for your lifetime , and always develops equity , from which you may borrow , and / or keep tax free . There somefolks who believe they will not need life insurance after ten years -LRB- no family , friends , charities , causes ? Really ? -RRB- . For those folks , if they plan on only have life insurance for ten years , during that short period , term will actually cost them less . Thank you . GARY LANE .


Input: Is Term Life Insurance Renewable?

Output: Many policies are renewable after the initial term expires , and some are not . Check your policy language for conversion and continuation features . The term policies that do offer the ability to continue coverage usually come with sharply higher rates . People could can provide evidence of good health usually will apply for a new policy at more affordable rates . Those that continue paying the much higher rates are those with health problems , which is why the rates are so high .


Input: Is Term Life Insurance Renewable?

Output: Many term life insurance policies are renewable to age 80 or 90 . Unless you have some type of rider that guarantees renewability at reasonable rates , your premium during the renewal period will jump sky high . And of course , if you are still alive when the renewable period ends , you may be unable to find a new policy , especially if you have developed a serious health condition . Rather than allow your term policy to enter the renewable period , it is usually a better option to convert part or all of your term insurance to permanent insurance while you can -LRB- if you indeed want your life insurance to continue -RRB- . Not all policies are convertible , and if they are , they will have strict guidelines as to how long you have to convert them to permanent insurance . So check on these features long before your term will end . In essence , converting will allow you to keep the same health rating you had when you applied for your term policy , regardless of your health at the time of conversion . The rates will be higher because you are older , and because you will be paying premiums for permanent insurance . However , they may not be as high as the renewable rates would have been , and your rates after converting often are locked in for your lifetime .


Input: Is Term Life Insurance Renewable?

Output: Term Life Insurance is not usually renewable to a second term , but it can be . Some companies offer renewable term regularly ; others do not offer it at all . When the term ends , many companies do change the premium to annually renewable term , however . That means the premium is locked in for one year only .


Input: Is Term Life Insurance Renewable?

Output: That is a great question ! You will need to look at your individual policy to see if there is a renewability option . Some term policies will have them , and some will not . If your policy does , there will be a chart in your policy with a bunch of dollar amounts that increase dramatically each year after your policy reaches it 's term . The premiums will normally increase by around 110 % , and they get unaffordable fast . I hope that helps , thanks for asking !


Input: Does Home Insurance Cover Earthquake?

Output: Talk to your Insurance Professional about the specific terms and conditions of your policy , but in general , there are two common exclusions in a Homeowners ' policy . Damage caused by earth movement and damage caused by flood are these two common exclusions . In many cases , you can choose to have coverage for earth movement endorsed onto your policy , but flood insurance is always available only by purchasing a separate policy .


Input: Does Home Insurance Cover Earthquake?

Output: Damages caused by the peril of earthquake under a homeowner policy are generally excluded from coverage . However coverage can be obtained in most States by purchasing either an endorsement to the homeowner policy for earthquake coverage or by acquiring a separate policy , specifically covering the peril of earthquake . Since some States and even regions within States are considerably more vulnerable to earthquakes , obviously the rates for this type of coverage varies widely . It can be expensive but your home is probably your most valuable personal investment . Consult with your local independent agencies for additional details to fit your particular situation and locality . .


Input: Is A Deferred Income Annuity A Good Investment?

Output: That is a great question ! Depending upon what your desired goal is , a deferred annuity can be an excellent investment . What makes this a good investment ? Deferred annuities can provide a lifelong income stream , making it impossible to outlive . They can also be structured to continue to provide a surviving spouse an income stream . They are low risk , and have a payout amount that is easily determined . If you are someone who is looking for stability , safety and a guaranteed payout , this is a great way to go . If you are looking for a liquid or high yield investment , not so much . Thank you for asking !


Input: Is A Deferred Income Annuity A Good Investment?

Output: All investments are evaluated based upon different risk indices . A Deferred Income Annuity provides the greatest guarantee of a lifetime income . You can not outlive your savings . A Deferred Income Annuity is not taxed during the accumulation period . A Deferred Income Annuity has both a current and guaranteed interest rate . If these characteristics are foremost in your list of concerns , then a Deferred Income Annuity would be the uniquely suitable investment for you .


Input: Is A Deferred Income Annuity A Good Investment?

Output: Video Transcript : Hello , everyone . I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show `` Steve Savant 's Money : The Name of the Game . '' I 'm answering questions from insurancelibrary.com , and today 's question : Is a deferred income annuity a good idea ? Well , a lot of people like to buy and shop for blocks of income . You can actually go out and figure out what kind of income you 're going to need to subsidize your basic domestic expenses during retirement . A deferred income annuity will be able to give you a block of income . It could be for a time certain . It could be for the rest of your life . It depends upon your time line and what you 're looking for . But you 'll be surprised that most of the people that buy deferred income annuities also buy an inflation rider , a cost-of-living rider , to it so that every year there 's an adjustment made for your income : a block of income that you purchased , plus it goes up , let 's say , 3 % every year annually . And if you buy a lifetime DIA , that premium will go up every year , all the way out until the last day that you live . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com .


Input: What Is Medigap Plan C?

Output: There are 11 standardized Medigap plans , each designated by a letter -LRB- A , B , C , D , F , Hi deductible F , G , K , L , M , and N . The insurance coverage in each plan is different , and premiums are normally adjusted accordingly . Plan F happens to be the most comprehensive in terms of coverage , and will typically have the highest premium out of the 11 plans . Plan C has the same coverage as Plan F with one exception - Plan C does not cover Part B excess charges . It is a good idea to find a licensed insurance agent who is experienced in Medigap plans to assess your needs and objectives and review optimal solutions with you .


Input: Who Sells Cancer Insurance?

Output: A number of companies offer Cancer plans . To name a few , Standard Life and Accident , Bankers Fidelity , Bankers Life , Washington National , Sterling Life , and many more . If you are looking for a cancer plan call a good independent life insuance agent who can help you find a good plan that fits your needs and budget .


Input: Who Sells Cancer Insurance?

Output: I know of highly rated companies that sell Cancer Plans . I am a New York Agent so I deal with top companies . Aflac is one company , and along with a employee group plan it is added at a low dollar amount . Mutual of Omaha is another company that is very unique in Cancer and Critical Illness plans . They pay a lump sum as with American General . I am always good at finding the best policy that fits .


Input: Is My Health Insurance PPO Or HMO?

Output: There are several ways to determine if your health insurance plan is an HMO or PPO : 1 . Sometimes that information is shown right on your insurance card or in the plan name 2 . You can look up your plan information online or go through the material your carrier sent you 3 . Last resort is to contact your agent or the carrier and ask them ! HMO 's require you to use network doctors and specialists and `` most '' require a referral to a network specialist from your Primary Care Physician -LRB- PCP -RRB- , who is also in the network . If you are in a PPO , you `` may '' be required to have a PCP , but you are not required to get a referral to a specialist : you can go to any specialist you choose , as long as they are in the PPO network . In either case , you `` may '' be responsible for up to 100 % of the expenses if you go to a doctor that is not in the network . Best bet is to call your agent or carrier !


Input: Is My Health Insurance PPO Or HMO?

Output: Many health insurance companies offer both PPOs and HMOs . In general , HMO policies tend to be less expensive , while also including many more restrictions on your benefits , especially in terms of which medical providers you can use . PPOs tend to be more expensive , but also offer you the option to see a much wider variety of medical providers , usually without the need for a referral before seeking care from any specialists .


Input: Can Old People Buy Life Insurance?

Output: Yes , indeed . There is really good news for old people who need life insurance . First of all , many carriers will issue polices to people as old as 90 . Second of all , a number of them super-specialize in underwriting older people . This means that the premium could be much lower than you anticipate . Third of all , a number of creative ways are available to fund the premium . You may not have to pay dollar for dollar out of your pocket . Go for it !


Input: Can Old People Buy Life Insurance?

Output: Yes , people who are between 50 and 85 can buy life insurance . There are many good affordable Final Expense plans available with limited or even no health questions . A good independent agent who specializes in the needs of seniors can help you find an affordable plan that meets your needs .


Input: Can Old People Buy Life Insurance?

Output: Can old people buy life insurance ? Define OLD ? ;-RRB- Yes , there are insurance solutions for people over 60 , 70 or even 80 and beyond if they are in good health and have the finances to pay premiums . What usually happens for those older folks is the realization that insurance of any type is no longer cheap . They must temper their need with what they can actually afford to maintain .


Input: How Is Aetna Health Insurance Rated?

Output: Aetna is of excellent financial strength and personally a carrier I 've been placing clients in for years . They are rated A + on Standard & Poor 's and A with A.M. Best . That alone is a testament to their financial quality . Aside from the ratings , I have approx 250 individual clients placed on Aetna plans with little to no issues or problems . Excellent carrier that I highly recommend often . To get a quote with Aetna and other top rated carriers visit www.clminsure.com or call 561-320-2978


Input: What Is Covered Under Medicare Part A & B?

Output: Medicare Part A is , in short , your hospital insurance . It covers inpatient hospital care , skilled nursing facility care , nursing home care , hopsice care , and home health services . Please note , there are limitations to what Medicare pays and for how long it will pay for given services . If you want to have adequate coverage for long-term care types of services -LRB- e.g. nursing home care , hospice care , and home services -RRB- , you will want to supplement your Medicare coverage with a separate long-term care policy . Medicare Part B is , in short , your physician insurance . This part of Medicare covers things like doctor visits , lab tests , surgeries , ambulance services , durable medical equipment -LRB- DMEs -RRB- , and other outpatient services . Medicare Part A & Part B are commonly referred to as Original Medicare and only covers about 80 % of your healthcare expenses . A Medigap plan can cover all or a portion of the other 20 % of expenses . While 20 % does n't seem like it 's going to have a high dollar figure , the bill can add up quite fast . The idea of a Medigap plan is to create a predictable expense structure . If you do n't have a Medigap plan and visited the hospital/had a surgery/etc . , you 'll end up with a massive medical bill real quick . I hope the input is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: Does RDR Affect Life Insurance?

Output: No , RDR -LRB- retail distribution review -RRB- does not affect life insurance sales . It bans commission based selling for pensions , Isas and unit trusts by financial advisors in the UK . Life insurance , critical illness insurance , and private medical insurance plans do not fall under the ruling of the retail distribution review .


Input: Who Is Entitled To Life Insurance?

Output: Some companiesprovide `` employer paid '' life insurance . So , in a way , the employee is entitled to have that insurance . There are fraternal organizations which provide life insurance for their members . Some financial institutions have provided small amounts of life insurance for their depositors . Most people , however , are not entitled to life insurance and must contract with an insurance company to obtain that coverage .


Input: Who Is Entitled To Life Insurance?

Output: Entitlements in government are benefits that are guaranteed to certain segments of the population , because they have qualified for them in some way . E.g. People are entitled to Medicare because they paid Medicare taxes for at least 40 quarters . People are entitled to food stamps when their income goes below a certain limit . Life insurance is not entitled to anyone under the rule of government . However , there are guaranteed issue policies that people qualify for simply by being within a certain age range . Other policies are approved for issue to persons who qualify medically , financially , and in the absence of other risk factors . As a whole , most people then , do qualify for life insurance , and after they apply and have been approved , are entitled to the policy for which they have been accepted . But the entitlement is not mandated by the government , as in health insurance .


Input: What Is Open Enrollment For Medicare Supplement?

Output: Medicare supplement plans can be purchased at any time . Most will buy a supplement plan when they first turn age 65 and sign up for Medicare Part B . If you purchase a Medicare supplement plan within 6 months of enrolling in Medicare Part B your coverage is `` guaranteed issue '' . There is no open enrollment as such , but there are times when you may purchase a Medicare supplement plan without medical underwriting .


Input: Can An Insurance Company Cancel Your Homeowners Policy?

Output: Non-renewals are more common that cancels in my opinion . The difference is that basically they will keep the policy until the renewal , then not continue coverage beyond that . If you have been non-renewed , it is a good idea to start talking to insurance agents right away , as , depending on why you are being non-renewed -LRB- they should give you a reason -RRB- it may take some time to find an insurance company that is willing to accept you . Make sure to tell the agents you are talking to that you have been non-renewed by your current insurance and why . It is important info so that they can get you accurate quotes .


Input: Can An Insurance Company Cancel Your Homeowners Policy?

Output: There are a number of circumstances when an insurance company can and will cancel a homeowners policy . The company can cancel if you have committed fraud . The company can cancel if the agent exceeded his or her authority . The company can cancel if the premium was not received by the due date . State law dictates the amount of notice the company must give you . The company may choose to non-renew a policy when the circumstances of the risk have changed . In such a case the policy runs its full term but there would not be an offer to renew and the coverage would cease .


Input: How Much Is Health Insurance Through State Farm?

Output: Health insurance through state farm is actually completed through Assurant Health -LRB- via a partnership with the carrier - state farm does not sell health insurance plans themselves -RRB- . The cost for health insurance varies from person to person . Your age , where you live , if you use tobacco products , which plan you choose -LRB- e.g. metal level -RRB- , and if you qualify for a subsidy to reduce your premium will determine how much a good policy is going to cost . Under the 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 . All of the plans offer good coverage . A silver or gold plan are your middle of the road type of plans because they provide strong coverage at an affordable price . I always recommend consulting with an experienced health insurance broker before you apply for anything . We can help you determine the plan that 's going to be most suitable for your needs and budget . I hope the information is helpful - please feel free to contact me for help and if you have any other questions . Thanks very much .


Input: How Long Does It Usually Take To Get Life Insurance Money?

Output: The longest part of getting the death benefit from a life insurance policy is often the time it takes to receive the certified death certificate . One you have the claim form filled out and are able to submititwith the death certificate , it does n't take long , provided the address is correct , etc


Input: How Long Does It Usually Take To Get Life Insurance Money?

Output: Assuming you are referring to the proceeds from a death benefit on a life insurance policy , the process does not take long . Once the claim is submitted , it will be processed and a check can often be sent or deposited into a money-market-like find within 10-14 days . Working with a full-time agent will help you secure the proceeds quicker .


Input: Does Homeowners Insurance Cover Boats?

Output: If you mean the actual boat itself in the event it 's stolen or damaged at your premises , some homeowners polices will have a very limited coverage . Maybe $ 1000.00 . If your boat is worth more then that you will need boat insurance much like you would need auto insurance .


Input: What Does Long Term Care Insurance Cover?

Output: A lot depends on your policy . A good Long Term Care policy will cover not only Nursing Home , but also Assisted Living and Home Health Care . Many will even pay a family member to care for your needs . To begin receiving benefits you must be unable to perform at least 2 or 3 activities of daily living depending on your policy . You policy will pay for the length of time and the amount specified in the policy , I usually recommend at least 3 to 5 years of coverage . This is the average Nursing Home stay for Long Term custodial care .


Input: When To Drop Collision On Car Insurance?

Output: I love this question ! I have clients right now who pay more for collision coverage than they could ever collect on a total loss . It make no sense at all , it 's just what they 've always done . There 's a loose formula that I use in advising my clients about insuring an older vehicle . Look on KBB.com or Edmunds and get a rough idea of what your car is worth . Do n't use the `` clean retail '' . That 's completely unrealistic . Use the average trade or rough . It 'll be closer to the truth . Also check autotrader to get a range of what the cars are being listed for . Once you have a pretty good idea of what your car is worth , compare it to the cost of your physical damage coverage . If the cost of the coverage is more than 10 % of the value , you might consider dropping the coverage . That means that , in about 2-3 years , you 'd spend more than the value of the car . If you do have an accident , you get to make the decision on whether to repair the car or replace it . You 've already saved enough to do either -LRB- if you have n't spent your savings -RRB- . Bottom line , be aware of what your vehicles are worth and act accordingly . Spending money on coverage that would n't pay much does n't make a whole lot of sense . That 's not your agent 's place to decide for you , but we deal with it a lot and can make a suggestion . Find a good agent you can trust and go through the process . You 'll save money in the long run .


Input: When To Drop Collision On Car Insurance?

Output: I rarely recommend that any driver drop collision coverage . Regardless of the premium there will be a sum recovered if the car is damaged in a collision and that might be extremely important to the customer . I do advise them that as the car loses value the amount they will recover drops as well and that for some older cars a minor collision would result in the car being declared a total .


Input: When Can I Enroll In Medicare Part D For 2015?

Output: Aging into Medicare means three months prior and three months after your 65th birthday . At 65 you have some important decisions to make concerning medicare and medicare supplement plans including Part D. Also , if you have a significant change in your health or medication , and your current plan does not include your medication in it 's formulary , there is period to make a change outside of the open enrollment period .


Input: When Can I Enroll In Medicare Part D For 2015?

Output: Medicare 's annual election period for a January 1st , 2015 effective date is October 15 - December 7th . You may qualify for a special election period based on your particular circumstances . Also depending if you are aging into Medicare for the first time in 2015 will also determine when you would be able to enroll in a Part D plan .


Input: When Can I Enroll In Medicare Part D For 2015?

Output: If you are turning 65 - you can enroll up to 3 months prior to your 65th birthday with the effective date of plan being effective the first of the month - of your birth month . If you enroll a bit after -LRB- you have up to 3 months after birth month to enroll with a guarantee issue -RRB- then it would be effective the first of the month following your enrollment . So let 's say your birthday is in May : You can sign up for Medicare A & B , and your additional plan -LRB- s -RRB- Feb , March , April , May , June July and August . After that you are no longer guarantee issue and would need to wait till another enrollment period . NOW , if you are working full time and retire , this gives you yet another guarantee issue enrollment period at the month of retirement . -LRB- You still want to enroll in Medicare A & B up to 3 months before retirement - and then the additional plan -LRB- s -RRB- about 1-2 months before that start date of Medicare A & B. -RRB- If you are already enrolled in Medicare and would like to change your RX plan for 2015 then during the `` Annual Enrollment '' period , which is Oct 15th - Dec 7th 2014 - with an effective date of Jan 1 2015 , then you would want to make sure to meet with your agent during this time period . Make sure you , or they , run your RX list through a comparison tool - such as Medicare.gov - to see which of the many plans may best fit your needs . Anyone enrolled in a Medicare Advantage plan or a Supplement along with an RX plan will want to review your Advantage plan or your RX plan every year during this `` Annual Enrollment '' period as plans change and your prescriptions may have changed . Always search for what may fit your needs best . If you have a Supplement plan - you typically do not ever change this plan for another - there are exceptions . Hope that clarifies . Belinda myseniorventure.com/answers


Input: Why Set Up A 401K Plan?

Output: A 401 -LRB- k -RRB- plan is established by an employer for the benefit of employees . The employer might do this to retain trained workers and to demonstrate appreciation . Employees are invited to participate in the companys 401 -LRB- k. -RRB- Normally , a sum of money is collected each pay period for the 401 -LRB- k. -RRB- The amount collected reduces the taxable income of the employee . Some employers match contributions , generally to a specified limit . The employee and the employer contributions are held in a separate account .


Input: What Happens If My Car Insurance Expires?

Output: Great Question and very simple . when your auto insurance expires you will not have any coverage at that time . You will need to call your insurance company and sign up for a new policy and get covered again . If you have an accident while your policy is expired you will not have any coverage .


Input: How Do I Know What Kind Of Health Insurance To Get?

Output: The best way to find out what kind of health insurance to get , is to talk to an experienced broker that has a top-notch website that is updated daily . As the old saying goes , `` we shop and you save . '' Trite , but true . You can easily compare health insurance rates and shop the top-rated carriers with the help of a broker . The combination of state-of-the-art software and personal experience is a great combination . Whether you are an individual or family , there should be affordable options available . You may also qualify for a federal tax subsidy that could reduce your premium .


Input: When Will Health Insurance Companies Not Be Able To Deny Coverage?

Output: Starting in 2014 , health insurance carriers will be required to accept anyone regardless of their health history . Marathon runners will pay the same rate as obese smokers on 14 medications . The only question remaining is , will anyone be able to afford the premiums ? In some cases premiums will be 4x current rates .


Input: Can I Get Car Insurance Without Paying A Deposit?

Output: No . A valid payment along with a complete and truthful application constitutes the contract . If your deposit is returned or there is information on your application that is not correct then the insurance company may void your policy . Several insurance companies allow you to pay monthly but a valid payment is required before coverage is in force .


Input: What Is Needed To Get Renters Insurance?

Output: To get renters insurance you will have to provide some information about the premise that you are renting , decide the amount of coverage that you are seeking , decide the amount of deductible that you are comfortable with , and have a payment method for the required initial premium payment at minimum . Contact a local agent and they can provide you with the coverage options available to you .


Input: Can I Sue My Own Auto Insurance Company?

Output: Yes , if you feel that your auto insurer has either caused you some loss for which they are liable or if you feel that they are not honoring the stipulations of the contract that they have with you you can certainly file a lawsuit against your insurer . Traditionally , lawsuits filed against insurers are equity suits and are filed pursued to enforce a provision of a contract .


Input: Can I Sue My Own Auto Insurance Company?

Output: Yes , if they have violated the contract that you and they agreed to . Trust me on this one . It is soooo much better first to to to your agent and see if he has a common sense answer . If they do not , some do not they can not even get out of the rain because they think flood is covered under the homeowners policy -RRB- . Most agents would rather tell their spouse know and feel the pain than to tell a cash paying customer their screwed . Next , you can not imagine how much heat you can bring down by calling and then writing a letter to the department of insurance fulling explaining in exact detail what is going on ... also , adjusters have recorders and so should you with all conversations even on the phone


Input: How To Write A Medicare Appeal Letter?

Output: The most common approachto file an appeal to a Medicare claimis to complete a `` redetermination request form , '' and send it to theMedicare contractor at the address listed on your Medicare Summary Notice . You should circle the items your would like appealed , explain in writing -LRB- with as much detail as possible -RRB- why you disagree with the original determination , and include as much information as possible to back up your case . An appeal will always have a much higher likelihood of succeeding if your doctor or other health care provider also supplies a written statement backing your position .


Input: How To Buy Homeowners Insurance For A New Home?

Output: Start by talking to your Insurance Professional . When you are buying a new home , there will be certain requirements that must be met in order to prepare to close on this important purchase . One of these is to be able to show proof of Homeowners coverage beginning at least on the date of the closing . Tell your insurance professional the address of the house and any particular pieces of information needed in order for him or her to complete a quality `` Reconstruction Analysis '' of the house . The results of this will become the recommended dwelling amount . You will be able to decide on the amount of Liability coverage as well as the property deductible , each of which will help to determine the final price of the coverage . Once agreed upon , the application will be produced and available for your signature . Most banks and Mortgage Companies in Connecticut will require that the first year 's total premium be paid in full and then an escrow account will be set up to handle your renewal payments . You will need to provide both a copy of the policy binder or declaration sheet along with a receipt showing the full year 's premium has been paid . Best of luck with your new home !


Input: How To Buy Homeowners Insurance For A New Home?

Output: Once escrow has started , contact your trusted insurance agent . Tell the agent the address and a description of the home . Tell the agent which Title Company is handling the transaction . If the home is currently occupied , find out who to contact to get permission for photographs . Your agent should be able to handle the rest . In California the buyer is rarely asked to pay the initial premium , this is normally included in the closing costs .


Input: How To Buy Homeowners Insurance For A New Home?

Output: Great question ! The thought process behind buying homeowners insurance is the same that you would use for buying your auto or health insurances . You want to look for lowest cost , highest coverage , and lowest deductible . The amount of deductible will influence the cost , and is the amount that you will have to put out before the insurance starts to pay . You want one that is high enough to lower the price , but low enough that you can cover without too much hardship . You also want a policy that covers as many scenarios and dollar amounts as possible . Again , there will have to be a balance between affordability and payout , so I 'd strongly advise that you find a local agent who can walk with you through the process . If you would like more help , please feel free to contact me . Thanks for asking !


Input: What Exactly Does Life Insurance Surrender Value Mean?

Output: Life insurance surrender value is the amount paid to the policyholder if they decide to terminate the policy before the death of the insured person , or before the policy matures . Only cash value life insurance policies , such as Whole Life or Index Universal Life , will have a surrender value . The surrender value is the cash value of the policy , minus expenses and fees .


Input: Does New York Life Offer Health Insurance?

Output: Does New York Life offer health insurance ? At one time they did . It was known as EPI and was very good medical insurance . They stopped selling EPI almost 20 years ago as they decided to narrow their product offerings . I do not know if they have reintroduced health insurance in any market , I doubt they have . It was an excellent product at the time .


Input: Does New York Life Offer Health Insurance?

Output: No , New York Life has been out of the health insurance business for decades . They are primarily a life , disability and annuity insurance company . Many other health insurance companies have chose to exit the market place as well with the ACA law a.k.a. Obamacare making underwriting much more difficult . This will be the trend in the next few years as well .


Input: Does New York Life Offer Health Insurance?

Output: The insurance products that are marketed with the AARP logo on them are not the same in all states . United Healthcare sells the AARP branded Medicare Supplement in most if not all states . The only sell the AARP branded Medicare Supplement in certain states . For health insurance for those not on Medicare , I believe a limited number of states are now selling an AARP health plan for ages 50 to 64 . It 's better to research all the health insurance plans available in your state than to seek out any certain brand .


Input: Does New York Life Offer Health Insurance?

Output: No , they do not . New York Life Insurance is not in the health insurance business . New York Life Insurance focuses on life and disability insurance , long-term care insurance , annuities and retirement planning as well financial services . They have a long and distinguished history but are not a health insurance resource .


Input: Does Auto Insurance Cover Car Breakdowns?

Output: If you have a roadside assistance endorsement on your auto policy , you may be covered for the expense of towing , a rental and possible a night stay at a hotel . A lot of companies are offering policies with roadside assistance as part of their full coverage package . As always read your policy completely to know what the coverages are and what the exclusions are or call your local agent to have them explain the coverage and exclusions of the policy .


Input: How Many Years Life Insurance Do I Need?

Output: You should consider what your needs are for life insurance and ask yourself if they are finite . Many people understand the need to protect their family with life insurance to replace income lost due to the death of a wage earner but mistakenly believe that , when they stop working , the need for life insurance goes away . Life insurance offers protection , income replacement , and the chance to leave a legacy . With life insurance , you are protecting the people you care about the most . Life insurance can also protect the business you own . Here is a partial list of permanent needs where cash value life insurance is an ideal solution : Pay burial and other final expenses . Pay off debt obligations such as a car loan , credit cards , etc. . Pay off or reduce a home mortgage . Create an education fund for kids or grandchildren . Enhance an estate to provide for children of a prior marriage . Satisfy divorce related obligations such as alimony or child support . Create a fund to provide care for a loved one with special needs . Pay legal and administrative costs incurred at the insureds death . Provide a source of liquidity to pay state and/or federal estate taxes . Mitigate the impact taxes can have on assets owned in trust . Replace loss due to income tax on Income in Respect of Decedent -LRB- IRD -RRB- assets such as annuities , IRAs , and qualified plan assets . Diminish the impact of marital deduction limitations of a surviving resident noncitizen spouse . Increase the value of transfers of generation-skipping , annual exclusion , and exemption gift amounts . Leave a charitable legacy . Replace wealth left to a charity . Equalize inheritances between business heirs and non-business heirs . Collateralize a business loan . Fund a buy-sell agreement . Stabilize a business at the death of a key employee or owner . Offset the loss of a key employee -LRB- at death -RRB- to the business . Establish a fund to retain key employees -LRB- such as stay-bonus , SERP , deferred compensation -RRB- . Facilitate an Employee Stock Ownership Plan -LRB- ESOP -RRB- repurchase obligation .


Input: What To Do When Cobra Health Insurance Runs Out?

Output: What to do when COBRA runs out ? Well when your COBRA ends you now what is considered a qualifying event according to the ACA -LRB- aka Obamacare . -RRB- Within the next 60 days you can enroll in a new individual health insurance plan that will provide your coverage for your needs .


Input: What To Do When Cobra Health Insurance Runs Out?

Output: When COBRA continuation coverage `` runs out '' individuals are able to purchase individual health insurance without waiting for the annual open enrollment period . An individual can purchase health insurance using a certified and licensed agent or go directly to the state or federal marketplace . Depending on your income level you may also qualify for a subsidy to help you pay for your health insurance . Health insurance is guaranteed issue since January 1 , 2014 so there are no longer worries about not being able to obtain health insurance coverage ,


Input: My house isn't repaired yet from a fire. Travelers is not renewing. Where do we get new home insurance with no home to insure?

Output: This one is a bit challenging but your best option may be to go with a Course of Construction policy , otherwise known as a builders risk . I would find a local independent agent who deals with these types of policies . He can asses you are on the re-build and determine and how to place your insurance . After the home is completed you can go back to a homeowners policy again .


Input: Does A College Student Need Renters Insurance?

Output: When you rent a piece of property you accept certain risks . Buy insurance if you can not afford to accept the risk . The risk is the cost of replacing all of your personal property . The risk is the cost of a lawsuit if you are sued for bodily injury or property damage . If you are living in a dorm there might be extensions of certain coverages from your parents homeowners policy . Check with your trusted insurance agent .


Input: Does A College Student Need Renters Insurance?

Output: Great question ! Anytime you take your personal belongings , and put them in someone else 's place of residence , it 's good to have protection for those belongings . In a dorm , maybe not , if the residency rules cover for theft or damage while living in the dorm . In a fraternity or sorority house , check the residency rules to determine if it is needed . In an apartment in a college town ? You bet . It 's relatively inexpensive , compared to the cost of replacing a good laptop , cell phone , or videogame system . -LRB- And especially tothe cost ofallthe above . -RRB- If you would like help , please feel free to contact me , I 'm happy to help . Thanks for asking !


Input: What Part D Insurance Company Pays For Cialis?

Output: Currently no Medicare Part D plan will pay for Cialis as this is not considered a necessary drug . You may get a discount by using a card provided by your local pharmacy for discounts . Always ask your druggist to check the price with insurance against the price with their discount card . On occasions the discount card is cheaper for some drugs .


Input: What Part D Insurance Company Pays For Cialis?

Output: Medicare Part D plans do not cover Cialis . Some plans will cover low dose Levitra when prescribed by your doctor to treat BPH . Ask your doctor and your current drug plan carrier before proceeding . One other consideration is to purchase your ED drug from a Canadian pharmacy . The prices are about 30 % less for brand names and considerably lower for generics . There are also some US pharmacy 's that are selling Sildenafil -LRB- generic Viagra -RRB- when you have a valid prescription .


Input: What Part D Insurance Company Pays For Cialis?

Output: There are not any that cover it currently but that could change at some point for those using it to treat prostrate issues . It will depend on if there is a enough evidence to show that Cialis is a viable treatment option for prostrate issue and there is not another drug that can do the same thing .


Input: What Part D Insurance Company Pays For Cialis?

Output: I am not aware of any Medicare Part D Plan that offers coverage for Cialis .


Input: What Part D Insurance Company Pays For Cialis?

Output: That 's funny ... I DID FIND that medication `` covered '' by a Part D Plan ... in my state ... Here is what you need to do . Go to medicare dot gov. Then click on `` Find Health and drug plans . >> > Add your Zip code >> > I usually check both of the `` I do n't know '' buttons . Just gets you through faster >> > Type in your drug name & pick the dosage . The system will default to the most common dosage/quantity >> > I chose 3 plan in my area ... ONE of the 3 DOES cover the Rx . Tier 3 level . The other two said not on formulary >> > I then popped over to Costco . You can see the cost of many medications right from their website . Not all drugs . They only list like the most prescribed . It 's a GREAT tool for comparing prices . AAHHH . I see that it is cheaper to just walk in to Costco -LRB- or mail order or go to Sam 's / BJ 's or price compare with a local pharmacy -RRB- . SO THE ANSWER IS >> > Yes . There could be a Part D that `` covers '' Cialis . You have to look at plans in YOUR area . Yet , I would like to ask a different question . IS IT WORTH having a plan that `` covers '' Cialis ? Based on the math alone ... . NO . I would n't advise it . Looks like you can buy it cheaper without `` coverage '' AND why would you want the cost to get you closer to the donut hole ? If the Rx is `` covered '' , it counts ... putting you closer & closer to the gap . YIKES !! You might need the coverage for something lifesaving one day . Shop around & get a better deal .


Input: Does Medicare Part B Cover Physical Therapy?

Output: Yes . Medicare Part B does provide coverage for physical therapy , but there are cap limits for therapy services - $ 1,920 for physical therapy -LRB- cap for services combined with speech-language therapy -RRB- . If the services are deemed medically necessary -LRB- and documented -RRB- by your therapist , you would not be responsible for costs above the $ 1,920 cap . If you 're getting physical therapy services that are not medically necessary , then Medicare will not pay for the services . Medicare would be paying for approximately 80 % of the costs and you would be responsible for the other 20 % , after the Part B deductible -LRB- $ 147 in 2014 -RRB- . A Medicare supplement -LRB- Medigap -RRB- plan can help pay the Part B deductible and the 20 % costs for physical therapy services .


Input: How Does A Deferred Annuity Work?

Output: An annuity is a contract guaranteed by an insurance company that provides a stream of monthly payments for as long as the annuitant or another person remains alive . Immediate annuities start right away with the receipt of a sum of money . Deferred annuities start later and offer an opportunity to deposit additional money into the plan . There are significant tax advantages in these plans .


Input: How Does A Deferred Annuity Work?

Output: That is a great question ! There are two basic types of annuities , immediate and deferred . With an immediate annuity , you plunk down a large sum of money , and in a very short period of time , the sum is `` annuitized '' , or broken into a series of continual payments . With a deferred annuity , the annuitization phase of your contract is put off -LRB- or deferred -RRB- for a number of years , to increase its value before it begins to make its series of payments . There are penalties for taking the money out before the agreed upon number of years in the accumulation phase -LRB- the deferred period -RRB- has passed , so it is wise fort you to have discussed this with your agent before you purchased the annuity . These are very popular , as there are some really good growth strategies out there . Thanks for asking !


Input: Does Home Insurance Cover Wind Damage?

Output: Generally speaking yes . Windstorm is covered by your homeowners policy , but maybe treated separately by your policy as well . For example if you live in a coastal area wind coverage may be excluded and you obtain what coverage is available through a pooling arrangement such as a wind pool . For Example if you live in Galveston Texas you might you need three policies where as an inland customer would only need one.In Galveston your wind policy might be through the Texas Wind Insurance Association , your regular homeowners policy in the private market -LRB- exclusive of wind -RRB- . You may also be required to have a flood policy -LRB- from the National Flood Insurance Program -RRB- because your insurer does not want to see you in a dilemma of having one group say the damage was caused by wind borne water and another saying it is flood coverage after the loss . To keep your understanding of what is necessary visit with your agent and discuss your personal situation . One other thing I should mention is that depending on where you live you may have a separate , hurricane deductible , wind and hail deductible , named storm deductible . These are often per cent deductibles and can mean a substantial out of pocket costs in the event of a windstorm . They are not exclusively used in hurricane prone areas . For example in Austin Texas you might have a $ 1000 deductible for most homeowners coverage -LRB- perils -RRB- , but 1 % wind and hail deductible even though Austin is over 200 miles to the Gulf .


Input: Does Home Insurance Cover Wind Damage?

Output: Be sure to check with your Insurance Professional about the particular coverage provided by your policy , but for the most part , yes , wind damage would be a covered peril under a Homeowners ' policy . Now , that having been said , it is also important to understand how your policy may be amended depending upon your property 's proximity to a coastline . In many cases , insurance companies will include a separate wind deductible in their policies that would affect how your loss would be settled .


Input: Why Is Mandatory Health Insurance Good?

Output: That is an excellent question , and I am glad that you asked it ! With all of the misinformation that has been spread about the Affordable Care Act -LRB- Obamacare -RRB- it has been difficult to figure out what is true , and what is n't . As you know , the Act mandated health care for everyone . The reason for this was two fold . The first reason is that for many people , the only reason that they bought it was because they were unhealthy , and were afraid that their health would at some point require expensive treatments . -LRB- which statistically , it did -RRB- . This raised the overall costs of insurance for everyone . By mandating the insurance , The pool of applicants now included all of the `` healthy people '' as well , which theoretically , and statistically lowers the per-person cost of insurance . The other reason was that people who could afford insurance but did n't buy it were receiving medical treatment anyway . Who do you think was paying for that treatment ? Yup , we were . Now some of that cost shifts back to the individual where it belongs , and not to the general public . That also should theoretically lower all of our treatment costs , as the medical practitioners are getting paid for their services . Personal freedom arguments aside , financially it is a good idea , and it has worked well in Massachusetts since Mr. Romneyinstituted the plan there . Thanks for asking !


Input: How Much Is Home Insurance For A Rental?

Output: It is going to depend entirely on the property itself , coverages , and the company . However , typically hazard insurance for a rental property will be more affordable than a primary residence as you are only insuring the dwelling and not any contents . The renter is responsible for purchasing their own policy to cover their personal belongings .


Input: Will Life Insurance Pay For Funerals?

Output: There are certain life insurance policies that are designed as `` final expense '' or `` funeral expense '' policies , but only those that are sold by mortuaries or funeral homes are dedicated to those expenses . THe death benefit of a life insurance policy is paid to the beneficiary or beneficiaries with `` no strings attached '' . In other words the proceeds of a life insurance policy when paid to the beneficiary is theirs to do with what they wish .


Input: Will Life Insurance Pay For Funerals?

Output: Yes , Life Insurance will pay for funerals if you want it to pay for funerals . The person taking out the policy can leave the proceeds of the policy to a funeral home , or to a trust that will pay the funeral home , or to a beneficiary who will pay for the funeral bill with proceeds from the life insurance policy . Life insurance will pay for whatever the Insured person and/or beneficiary desires .


Input: How To Apply For Medicare When You Turn 65?

Output: If you are receiving Social Security benefits at age 65 , you will automatically be enrolled in Medicare . If you are not yet receiving Social Security at age 65 , you can enroll in Medicare on their website , medicare.gov . This website gives you a helpful video to watch before applying : WEBSITELINK . Or you can visit your local Social Security office or call 1-800-772-1213 .


Input: When To Get Homeowners Insurance When Buying A Home?

Output: You will need to show proof that you have Homeowners Insurance on the home you are purchasing at the very least , at the time of closing . Here in CT , however , most banks and mortgage companies are requiring that the proof be provided to them several days before . What you will need to provide is a copy of the policy declaration sheet showing your name as it will appear on the deed and closing documents andall the necessary coverage on the dwelling which usually needs to also stipulate that you are covered for `` Replacement Value '' . The mortgagee clause , which is very specific to each lender also needs to appear on the declaration . If they have assigned a loan number , that should be included as well . Finally , here in CT , whether you are going to be paying your insurance directly or if it will be paid by an escrow account , your lender will also be requiring a paid receipt for the first year 's premium . Talk to your insurance professional early in the process , usually after your offer has been approved , so that you are sure that everything will be handled in a timely and professional manner for you .


Input: When To Get Homeowners Insurance When Buying A Home?

Output: You should start looking for coverage as soon as you know youthatescrow has beenbeen opened on a property . You 'll need to have coverage in place for the close of escrow and it 's easier to get the wheels turning earlier as there are often roadblocks such as the location of the property might be an issue for various insurance companies . Here in California we have a lot of brush areas where many insurance carriers wo n't offer coverage . Age and value of the dwelling can also pose problems in obtaining insurance , so the longer you allow for the process , the better chance you have of obtaining coverage without problems .


Input: Do Health Insurance Companies Drug Test?

Output: No . Health insurance companies do no conduct any physical/medical exams in order to obtain health insurance . The health care reform law -LRB- ObamaCare -RRB- now requires that health insurance plans be guaranteed to be issued and that they ca n't have pre-existing condition exclusions , waiting periods or limitations . In the individual health insurance market and in some group insurance situations you may be asked about tobacco consumption as this is the one vice that ObamaCare allows a rate risk adjustment for . In the employment environment , drug testing may be a condition of pre-employment screening and/or employment but it is not a health insurance coverage requirement .


Input: Does My Roommates Renters Insurance Cover Me?

Output: No it would not under every renter insurance policy that I am aware of . Renters insurance covers the personal property of the insured and immediate family that resides in the same residence only . To protect yourself and your personal property properly each of you should have your own individual policies .


Input: What Do Fixed Annuities Invest In?

Output: Annuity companies generally have investment portfolios dominated by investment grade government and corporate bonds . The company keep a some of the portfolio earnings and then credit a fixed interest rate over a fixed period of time like 5 years to the policy owner . The surrender charges protect the company from `` disintermediation '' the mismatch of portfolio returns and interest policy crediting from policy owners who elect to surrender the policy before the contract terms are over .


Input: How Is Renters Insurance Different Than Homeowners?

Output: Homeowners insurance provides coverage for insured for the premise and other structures on the land that premise occupies and the contents contained within them up to the policy limits and property designations within the policy while renters insurance provides coverage for the insured 's personal property only not the premise itself . Please read your policy completely to understand the coverage provided and exclusions that may be contained within the policy .


Input: What Is Gerber Whole Life Insurance?

Output: Gerber Whole Life Insurance , per their website , if offered to persons age 18-65 and in face amounts of $ 25,000 to $ 150,000 . Gerber also uses Whole Life in their Grow-Up Plan . Whole Life insurance is permanent insurance that has cash value . To determine the best Whole Life insurance for you , contact an agent that offers a variety of Whole Life policies to compare features and projected cash values .


Input: When Do You Get Long Term Care Insurance?

Output: The time to get DI is different for everyone depending on your occupation and health . The best answer is ... as soon as possible . DI is cheaper the younger you are , plus you never know if you might become sick or injured . If you 're worried that you might make more money in the future , you can add a rider on your policy that will make you eligible for more coverage at a later date , or you can simply try to buy more DI when the time comes -LRB- assuming you do n't have any serious medical issues when that time does come -RRB- .


Input: Can I be charged $300.00 for a urinalysis test and not get results?

Output: This is very unusual but not unheard of and technically legal as I understand it . In my nearly 30 years of being associated with employer 's group health plans I have had many clients who require a drug screen as a condition of employment but I have never had one that charged a prospective employee to pay for it . Do they offer to reimburse you if you pass the drug screening ? Really a drug screen should only be the last step before you are hired or you are given a conditional offer of employment based upon passing the drug screen . With today 's technology $ 300 seems an excessive amount to be charged just for a drug screening , is there a credit check and criminal background check also included in this ? Traditionally such practices have been a cost of doing business for the employer -LRB- and these tests can be required of the employer if the have Federal or State contracts they have to comply with as part of their doing business with the government -RRB- and not passed onto a job applicant . Personally , I would look for employment elsewhere before I would pay a prospective employer for the `` privilege '' of getting a job offer . If they will pick your pocket up front like that I can only imagine what a delightful work environment they must provide .


Input: Does Private Disability Insurance Affect Social Security Disability?

Output: Private Disability Insurance benefits do not affect Social Security Disability Income -LRB- SSDI -RRB- benefits . However , some public disability benefits may reduce the amount of SSDI that you receive , if the total of both public funds totals over 80 % of the disabled person 's income .


Input: Can I Get Life Insurance If I Have Heart Disease?

Output: That is an excellent question ! The happy answer is yes , you absolutely can . There will be a lot of things that will determine the type of policy that you can get , and the benefits and cost , so I would strongly advise that you find a good independent agent -LRB- one not tied to a specific brand name -RRB- to help you look at several options to find the best one for you . If you need help , feel free to contact me , I 'm always happy to help . Thanks for asking !


Input: Can I Get Life Insurance If I Have Heart Disease?

Output: Yes , you can get life insurance if you have heart disease . However , it is very important to share all of your health details with an impaired risk life insurance agent , so that your agent can find your lowest rate . Your diagnosis , date of diagnosis , type of medications you take , when you had procedures done , number of times you have had procedures done , and how you are doing now , all enter into what policy you can get and what rate you will pay . The variation in premiums is huge , depending on those health details . But if you gather your information and share it with an agent experienced in placing life insurance for heart disease , you will get the best possible rate . Also , heart disease is one of those health conditions that may present a lower risk as the years go by and there are no repeat events . If you were diagnosed before age 40 , going several years with no repeat events will not matter much . But if you are over 45 when you had a heart attack , stent , pacemaker , etc , going 5 or years without a recurrence could enable you to replace your policy and get a lower rate down the road .


Input: Where Can I Buy Fixed Annuities?

Output: You can buy fixed annuities at a life insurance agency or from a financial planner who is licensed in life insurance and annuities . Fixed annuities are issued by life insurance companies , so you will want to go to an agency that represents a number of companies . That way you can select the annuity with the features and interest rate that you like best .


Input: Will Homeowners Insurance Pay For A Leaking Roof?

Output: If the leak in your roof was caused by a sudden event such as a storm then the damage would be covered . If the roof leak is just simply due to wear of the roof and is on going then this is a maintenance issue and insurance polices are not maintenance policy . Therefore the leak would not be covered .


Input: Can Life Insurance Refuse To Pay?

Output: Life insurance companies can refuse to pay the death benefit if it is two years since the policy was purchased , and they find that there were misrepresentations on the application . E.g. . The applicant was scheduled for a spinal tap due to suspicion of cancer , but answered `` no '' to the question that asked if there were pending tests for diagnosis of disease . If the health questions are answered honestly , the life insurance policy will pay , because they base their approval upon what is written on the application . They also do not pay if death by suicide occurs during the first two years of the policy , or if there are explicit exceptions on a particular policy . E.g. . Some policies will exclude payment if death is caused by piloting a private plane , but that is almost always spelled out in an amendment or rider .


Input: Does Buying Life Insurance Leads Work?

Output: Preggy provided a very good answer . The question is very broad so to add a bit to the reply here are a few qualifiers . 1 -RRB- Type of Lead - This big . Just about any type of lead can be successful if worked properly but a `` lead '' is not always the same . Leads could be generated online or offline -LRB- such as direct mail -RRB- . The lead could be real-time -LRB- internet -RRB- or aged . Additionally the lead could be exclusive or shared -LRB- more than 1 agent buying the lead -RRB- . These factors all matter . 2 -RRB- My personal experience is based on online shared leads . When buying shared life leads it is important to test a variety of lead companies -LRB- See WEBSITELINK for a list of providers -RRB- . Each lead company will have a few primary lead generation sources so it is important to find one that has good coverage for your area . Additionally your time to respond to a shared lead is vital . Because there will be more than one agent calling the prospect you want to make contact first . Response time is the most important long term success factor with shared leads .


Input: Does Buying Life Insurance Leads Work?

Output: Having been exclusively involved in direct marketing life insurance for the past 12 + years , I have found a number of factors to be essential in order to achieve success with purchased life insurance leads . 1 -RRB- The placement ratio must be over 10 % unless you have extremely low cost leads or extremely high average face amount 2 -RRB- If you are going for low cost leads , it usually means other agents will be `` competing '' with you for that lead . So you must be the FIRST to answer that request and you must close the sale on the FIRST call , if at all possible . 3 -RRB- If you purchase more exclusive leads at a higher cost , you must have the potential to place a higher % than normal and/or average a higher premium than normal . This means choosing filters wisely , having numerous information fields filled out , and/or being the only agent to receive that lead . 4 -RRB- Know your lead source . Your greatest success will come if you can see what they saw that brought them to you . 5 -RRB- Work with a reputable lead provider who will refund you for leads that have bad contact information and work with you to streamline the leads whose needs you can best meet . For advice on how to set up and be successful in direct marking life insurance , see my article , WEBSITELINK


Input: What Is The Penalty For Not Having Health Insurance Under Obamacare?

Output: The penalty for people who can afford health care but do not have health insurance under the Affordable Healthcare Act is a fee . The fee is called the `` individual mandate '' or `` the individual responsibility payment '' . This is being assessed in one of two ways . The first is 1 % of your yearly household income and the maximum penalty is the cost of a bronze plan . The second way is $ 95 per person in a family and half that , $ 47.50 per child , with the maximum penalty being $ 285 for a family . The fee will be collected from the 2014 household income which will be completed in 2015 from the income tax form . If the wages are too low then the person or family may be entitled to a waiver . The fee will increase every year with the next increase in 2015 to 2.5 % of your yearly household annual income or $ 695 per adult .


Input: What Is The Penalty For Not Having Health Insurance Under Obamacare?

Output: Under the Affordble Care Act , all Americans should be eligible for health insurance . There are some exemptioms , such as Indian Tribal communitiesand Religious Sects . When an individual does not qualify under an exemption in a Qualified Health Plan , penalties will be accessed on their Federal Tax Return when filing their Income Taxes . These fees may increase over the yearsif you do not obtain the minimum health insurance requirement . Most states should have low income programs availible . Medicare and Medicaid are availible in some states . Know your options . California has a Marketplace availible to residents . Some Americans will receive Tax Credits or Cost Sharing opportunities to help offset premiums . It is important that you know your options . There are agents and Brokers affiliated with the Marketplaces to assist you in obtaining the appropriate coverage availible to individuals and families .


Input: Is There Such A Thing As Cancer Insurance?

Output: Cancer insurance has been around for a very long time . Cancer plans are a specific form of what was formerly referred to as dread disease policies . Some cancer plans pay a lump sum cash disbursement on first diagnosis while others are reimbursement plans that require you to file each claim separately .


Input: Can I Cancel My Car Insurance After Accident?

Output: Auto insurance is an at will product . This means that you typically could cancel your coverage at any time , if you have not signed a contract that states a required period of time that you must keep the coverage active with this carrier . If you have a loan on the vehicle that you have coverage on then you may be contractually obligated to keep a certain level and amount of auto insurance coverage on the vehicle until the outstanding loan is satisfied .


Input: What Does Health Insurance Portability Mean?

Output: This is a very pertinent question in the era of ObamaCare . As the term `` portability '' implies , this is the ability for a person to own and take their health insurance coverage with them regardless of their employment circumstances . The concern about portability of health insurance coverage flows from the history in our nation where for many decades most working Americans received their health insurance coverage through their employer . In an era where many people would work for the same company for most , if not all , of their working life , there was little concern about losing access to health insurance coverage . As our global economy and the American workforce have evolved over the last generation and it is now common for a person to work for multiple companies over the course of their working lives and having your health insurance tied to your place of employment has become more problematic for some people and become a social , business and political issue . A common example is the person who works for a company that provides health insurance benefits to its employees and this person has a pre-existing health condition like diabetes or has a covered dependent with a chronic health problem requiring expensive ongoing care that is covered by their current employer 's health plan . One day this employee may be presented with a job opportunity with another company that offers them a promotion and an increase in pay that would further their career but this prospective new employer does not offer health insurance to its employees . Losing their current employer 's health coverage might have left this person or their dependents uninsurable or faced with such high out-of-pocket expenses for individual health insurance and out-of-pocket expenses that these factors would negate the new job opportunity being offered this person . Similar examples can be given for the person who wants to leave and start their own business , medical cost issues have made it difficult , if not impossible , for some people to pursue such opportunities . This is what is referred to as `` Job Lock '' . One of the positive aspects of ObamaCare is that with its guaranteed issue and no pre-existing conditions exclusions or coverage waiting period requirements , people are guaranteed access to individual or small group health insurance . Technically , this does break the chains of `` job lock '' for such persons . Please note though , that I stressed the changes made by ObamaCare have removed barriers to access to health insurance . Depending upon the income level of the person , it -LRB- ObamaCare -RRB- may or may not remove the cost barriers associated with getting health insurance due to the resulting increases in health insurance rates we have seen and are seeing . But , in the ideal scenario , these new provisions of the health law provide persons with the security of owning their own health insurance coverage that is not tied to their place of employment thus eliminating concerns about `` job lock '' and freeing them to pursue other professional or personal goals that they might not have otherwise been able to address .


Input: What Does Health Insurance Portability Mean?

Output: When it comes to health insurance , portability is the ability to take your coverage with you when you move , either your residence of jobs . When it comes to moving to another state , you can typically only take your insurance policy with you if the company offers coverage in both states . As it relates to employer coverage , portability refers to whether or not you can keep your employer sponsored plan once you are no longer employed . While COBRA coverage does allow one to temporarily maintain their group plan , at a higher price , the lack of true portability of an employer plan is one reason many individuals are better off obtaining their own individual policy .


Input: What Are The Disadvantages Of Renters Insurance?

Output: I do not see very many disadvantages to renters insurance . Lets look at the coverage renters insurance provides , and then we can talk about what it does not cover . Renters insurance is designed to cover your personal property , protect you if you are sued , and pay medical bills if someone is injured on your property . Most people get upset when their insurance does not cover something . Sometimes people file claims to pay their landlord for clean up their deposit did not cover -LRB- this is not covered -RRB- . Some agents use renters insurance as an ad on coverage and they choose how much coverage without consulting your need . If you have renters insurance and only have $ 10k of coverage when you needed more you will not be paid more than the $ 10k A common deductible on renters insurance policies is $ 500 , and often smaller theft claims do not exceed the deductible . I see this a lot in personal items stolen out of vehicles . I think the advantages of having renters insurance far out way not having it . People in our society sue for a lot of different things , and protecting your self from being sued for Bodily Injury or Property Damage out side of your Auto is an essential part of creating a sound financial plan . Just make sure you have the proper coverage before you buy .


Input: Does Homeowners Insurance Cover A Lost Wedding Ring?

Output: Not if the ring is not `` scheduled '' specifically for coverage as a rider to your Homeowners ' policy . Homeowners covers your belongings for specific perils , as listed in the contract . If an item is `` lost '' or `` mysteriously dissappears '' , these unfortunately are not covered perils in a Homeowners policy . If the ring is scheduled on a rider or insured separately on it 's own such policy , then the lost ring 's replacement would be covered .


Input: Do Ohio Employers Have To Offer Health Insurance?

Output: Employers in Ohio are required to offer health insurance to their workers although they can avoid any penalty if the family can not afford the healthcare benefits offered . Also , this penalty has been delayed until 2015 to give employers and insurers time to work on specific details of implementation . This tax penalty applies to companies with 50 or more workers and applies to workers and their dependents , including children under the age of 26 . Technically , the law does not apply to spouses . `` Full-time '' would be considered working 30 hours per week . However , having 100 part-time workers working 20 hours per week would qualify as having 50 full-time workers . Here in Ohio , we have enjoyed low health insurance rates , and although required mandates will be raising premiums , there still will be many low-cost options.Most of the major insurers , including Anthem and Medical Mutual , will be participating in the State Health Exchange .


Input: How Are Annuities Sold?

Output: Annuities are sold by reputable -LRB- and hopefully experienced -RRB- brokers . They are contracts that are typically issued by insurance companies . Since there are many different parts to the contract , including the interest rate and surrender charges , it is always best if a financial planner or broker reviews all of the specifics with you before the purchase .


Input: Can I Get Good Health Insurance For $20 A Month?

Output: There is no $ 20 Health Insurance . There are $ 300 ACA Plans with a $ 280 subsidy where the individual pays $ 20 a month . Big difference . If it seems too good to be true investigate thoroughly before giving someone your money . Speak with a local agent that you can locate when you have an issue .


Input: Can I Get Good Health Insurance For $20 A Month?

Output: My usual response to this question would be to ask you to define `` good '' . But the simple answer to your question is no . Absent subsidies -LRB- from an employer or taxpayer subsidies -RRB- the only kind of health insurance you can buy for $ 20 per month is a supplemental insurance plan . Examples would be accident only coverage or possibly a nominal hospital indemnity plan .


Input: Does Long Term Care Insurance Affect Medicaid Eligibility?

Output: If Long Term Care Insurance is paying your bills for nursing home , assisted living , or at home care , you may not need Medicaid . However , if your Long Term Care Insurance does not keep up with the cost of your care , and you have sufficient out of pocket expenses that you need to go on Medicaid , having Long Term Care Insurance should not affect your Medicaid eligibility . Rather , you would probably not want to continue paying for your Long Term Care Insurance policy when Medicaid picks up the cost of your long term care .


Input: Does USAA Renters Insurance Cover Flooding?

Output: Ground water is typically not covered on any homeowners or renters policy . A separate flood insurance policy would be necessary to cover any ground water entering the home . FEMA provides flood insurance coverage . If the flooding is a result of a burst pipe or sewer/drain backup a properly endorsed policy would provide coverage .