Let’s suppose you’ve had enough of your job and want to retire – tomorrow! What would it take? How could you satisfy yourself that you have the financial wherewithal to walk away from the security of your paycheck?
True. Neither will medicare gap cover insurance. These programs will pay only for limited nursing home or home health care, and only after a patient is discharged from the hospital.
This morning on Fox News a physician who treats prostate cancer in men said that this would greatly affect the survival rate of men with this form of cancer by limiting testing and treatments.
Current facts show that the average age of a family caregiver is a 46-year-old woman, devoting 20 hours or more of care giving assistance. Tip: This means smart agents often give a joint presentation to both the senior(s) and the possible caregiver(s). Multiple sales, and policy renewals are the reward.
First of all, the K plan covers the biggest gap in traditional Medicare at 100% just like all the other medicare supplements. This is the Part A co-insurance which is the 20% of hospital related charges that the subscriber must pay after the Part A deductible is met. Hospital and related facility-based care is really where the big costs are these days so having this covered at 100% with the K plan is a great start. Preventative is also covered similarly to the other Medicare plans which is also important although less actual exposure but more likelihood of actually using the benefit on an annual basis. That’s where the plans are the same. Let’s look at how they’re different.
For more complete details, search for Section 213(d) (10) on the internet. The IRS does not give an automatic deduction, as they are unaware of LTC premiums. Image the terrible service you or a former agent are providing many buyers if you do give the premium payer this timely information.
Plan M will cover 20% of the costs that Medicare does not cover. It is very similar to Plan D and does not have any co-pays associated with it. It is generally cheaper to pay for this plan than it is for Plan F.