Resources
Following are brief, helpful resource articles about Medicare and other insurance-related topics. As always, please contact us with other questions you may have.
What is Critical Illness Insurance?
Critical illness insurance or critical illness coverage is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. Conditions that May Be Covered: Alzheimer’s Cancer Heart
What Is Final Expense Insurance?
As you enroll in Medicare, you may also be thinking about other types of insurance coverage you may need. Medicare Simplified KC can help you find coverage for these additional services as well. Final Expense Insurance Final expense insurance is a policy used to pay for burial expenses and
What is the Annual Notice of Change Period?
Overview: The Annual Notice of Change (ANOC) period occurs every year and runs from September 30th to October 15th. During this period, Medicare Advantage and Medicare Part D plan providers must notify their members about any changes to their plans’ costs, benefits, or rules for the following year. ANOC FAQs:
What is Long-Term Care Insurance?
Long-term care insurance (LTC or LTCI) is an insurance product that helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. Individuals who require long-term care are generally not sick in the traditional sense,
What is Medicare?
Medicare is a federal health insurance program designed for people aged 65 and older, although certain younger individuals with disabilities or specific medical conditions can also be covered. Medicare is the primary insurance coverage option for most people 65+. Overview of Medicare Coverage With different insurance providers, budgets, and
What is Medicare Supplemental Insurance?
Medicare supplement (Medigap) insurance can help pay some of the health care costs that Original Medicare does not cover, like copayments, coinsurance, and deductibles. These plans are designed to supplement Original Medicare Part A and B coverage. Some Medigap policies also offer coverage for services that Original Medicare doesn’t cover,
What is Medicare Advantage?
A Medicare Advantage Plan is a type of Medicare health plan offered by a private company that contracts with Medicare to provide you with the coverage you would otherwise get from Original Medicare. If you’re enrolled in a Medicare Advantage Plan, Medicare services are covered through your Advantage Plan and
Five Things You Need to Know About Prescription Drug Insurance
A prescription drug insurance policy, or pharmacy benefit coverage, is a type of health insurance policy that specifically covers the cost of prescription medications. It is designed to help policyholders afford the medications prescribed by their healthcare providers. Key Features: Coverage: These policies cover a range of prescriptions that are
