 If I cash out my universal life insurance policy will I have to pay taxes on the money? |
| I have purchased a term life policy. My universal life policy is raising each year therefore eating up my cash value unless I pay higher rates. The term life policy rate is frozen for 10 years and ... |
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 Can you cancel a Life insurance policy over the phone? |
| My mother in law past away suddenly three years ago. We found out through the executor of the will, (brother in law ) that there was a life insurance policy that was never mentioned. When we ... |
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 My husband is self employed carpenter... what insurance does he need? |
| What type of insurance does he need should he have an accident at work and is unable to continue working? We are looking for an insurance which will cover the mortgage payments should he be out of ... |
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 I want to spend a year traveling and have questions about health insurance? |
| I currently have health insurance with my employer but I am considering taking a year off to travel around the world a bit. If I get my own health insurance coverage, and I don't allow it to ... |
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 Should i get insurance though work for my husband? |
| I just got a new job. They told me it would be 500 dollars to add my husband on. Do you think it would be better to just get some private insurance for my husband? I was told if he isn't on ... |
|
 Does Home Owner's Insurance Cover this? |
| I really need help. Are Parents financially responsible for their children's actions? This girl is 14, we'll call her "Ann". "Ann" has been a Foster Child for the last 8 ... |
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 Best insurance for teen,? |
| whats the best insurance for someone who's 16, just got his license, and wants a truck. I don't need a NEW truck, I'll get a used one. And I want to know which insurance company has ... |
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 100% Not-At-Fault: Vehicle Total Loss--Need Lawyer Advice--? |
| I have a case where another vehicle jumped a curb & landed on my parked vehicle, resulting in a total loss. Nobody was inside my vehicle. My insurance company offered a low-ball settlement. I ... |
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 Litigation? |
| Had a wreck. The offer came back and is too little. It would leave me in the whole, a 2500 bill becasue someone else hurt me. He was ticketed. They paid for the car. Now, my lawyer wants to go ... |
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 VUL or EIUL? |
| I need some help here, I'm looking to buy life insurance and two different people I know are trying to sell me on VUL and EIUL. My Q: is which one is better, I have two daughters and will need ... |
|
 How do i find a insurance company online? |
| I'm looking for Imperial Fire and Casuality Insurance located in Tallulah, LA... |
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 Any other homebuyers having trouble getting insurance policy? |
| I'd like to know if other homebuyers especially of fixer-uppers are having trouble getting the property they are going to buy insured. How did you get the mortgage and close on the property? I�... |
|
 All insurance is based on a principle called? |
A. premium earnings.
B. investment premiums.
C. division of risk.
D. cash value ... |
|
 If Hillary Clinton died today, who would replace her on the campaign trail? |
Just a thought. Did you know, that Hil's waistline has grown 5 inches in the past year--too much stress!
I think Chelsea Clinton should bump up her smoking hot bod and seize the old ... |
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| Epidurals.......did your insurance company cover it? |
| I know the best source of information to call my insurance company but I am just curious if your insurance companies covered the epidural. I thought I saw somewhere that some companies do not ... |
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burksjh | Do I need medicare supplemental insurance? |
65...have Humana prescription coverage...do I need more |
 |
 
David & Elizabeth S
|
No you don't "need" it, but it is a GOOD idea to have it.
Medicare supplemental coverage works different than a prescription coverage.
Medicare supplement insurance picks up where medicare leaves off. For example medicare has a deductible of $1024 for a hospitalization which you would have to pay out of your own pocket if you went into the hospital. if you needed blood you'd be responsible to pay for the first 3 quarts, if you go to the doctor there is a deductible for those visits too. A medicare supplement could cover these expenses as well as many others that medicare does not cover.
There are different supplement coverages A Threw J and each is not available in every state.
Premiums differ by The ZIP code you live in and vary by age. You will have to go threw an underwriting process unless you are in the open enrollment (6 months before your 65th birthday until 6 months after) in that period you are guaranteed coverage.
Another note to mention, COVERAGES ARE THE SAME WITH EVERY COMPANY. No difference at all in protection you get!!! as the government sets the standards for these policies and they must meet each detail. The only difference is in the premium you pay and who you make the check out to. So shop around for the best deal as well the company you are most comfortable dealing with. |
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Lori S
|
If you only have medicare and your prescription coverage, yes you do need more. Medicare only covers some of your medical costs. Contact broker in your area that specializes in senior health plans. He (or she) will better be able to explain what medicare covers and the type of supplement that best suits your medical and financial needs.
Here is the link to the Medicare website:
http://www.medicare.gov/Default.asp
Of interest to you is the link to "Compare medigap policies" and the link to "What medicare covers". |
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Zarnev
 |
After deductibles and coinsurance, in 2006 Medicare covered 57% of the average senior's health care cost. Medicare Part A has a $1024 per occurrence deductible, so if you went into the hospital 5 times in one year you'd have up to 5 deductibles. Medicare Part B has a $135 annual deductible plus 20% coinsurance. So yes, you need some additional coverage.
Depending upon your area, you have a choice of some or all of the following plans: Medicare Supplement, Medicare Select, Medicare Advantage HMO, Medicare Advantage PPO, Medicare Advantage POS, Medicare Advantage PFFS, and Medicare Advantage MSA. Many of the above plans also have prescription drug coverage and many have a $0 premium.
Visit a local agent that works in the senior market. The agent can explain what is available. There is no extra charge using an agent. |
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usamedicareadvantage
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You need to study the Guide to Health Insurance for People on Medicare. The Guide is published by CMS (Medicare)
I have included a link to this guide along with a link which provides Medicare and Medicare Supplement answers and options. |
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mbrcatz
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Yes, you do. |
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