Mary the Medicare Lady Blog

Why More Savers Are Choosing MYGAs Over Bank CDs

Mon, 20 Jul 2026 12:47:42 GMT

When interest rates rise, many conservative savers start asking the same question:

“Where can I keep my money safe while still earning a fair return?”

For years, bank Certificates of Deposit, commonly called CDs, have been a familiar answer. They are simple, predictable, and widely available. You deposit money for a set period, the bank pays a stated interest rate, and you receive your principal back when the CD matures.

But more retirees and pre-retirees are now looking beyond traditional CDs. One option getting more attention is the Multi-Year Guaranteed Annuity, or MYGA.

A MYGA is a fixed annuity issued by an insurance company. Like a CD, it offers a guaranteed interest rate for a set number of years. Unlike a CD, it offers tax-deferred growth, beneficiary advantages, and future income options that can be helpful in retirement planning.

What Is a MYGA?

A MYGA is a type of fixed deferred annuity. You place money with an insurance company, and the company guarantees a fixed interest rate for a chosen period usually between two and seven or more years.

During that guarantee period, your money is not directly invested in the stock market. The value does not rise and fall with daily market swings. That can make MYGAs appealing for people who want a stable portion of their retirement savings.

MYGAs Often Offer Competitive Guaranteed Rates

One reason savers compare MYGAs with CDs is the potential for higher guaranteed interest rates.

Banks and insurance companies operate differently, so their rates are not always the same. In certain interest rate environments, insurance companies may offer MYGA rates that are more attractive than bank CD rates, especially for longer guarantee periods.

For example, someone comparing a 5-year CD with a 5-year MYGA may find that the MYGA offers a higher guaranteed rate. That difference may not seem large at first, but over several years, even a small rate gap can affect how much interest the account earns.

The key word is “guaranteed.” MYGAs are designed for people who want predictable growth, not market exposure.

Tax-Deferred Growth Can Make a Difference

CD interest is taxable each year as it is earned, even if you leave the money in the account.

A MYGA works differently. The interest grows tax-deferred, which means you generally do not pay tax on the gain until you withdraw it.

For retirees and pre-retirees, tax deferral may be useful. It can allow the money to compound without annual interest taxation. It may also help someone manage taxable income during years when they are trying to coordinate Medicare costs, Social Security timing, IRA withdrawals, or other retirement income.

This does not mean MYGAs are tax-free. They are not. Withdrawals of gain are generally taxable as ordinary income. The benefit is timing: taxes are usually delayed until money comes out.

MYGAs Can Help Protect Against Market Volatility

Many people approaching retirement want part of their money protected from stock market swings. They may already have investments in mutual funds, stocks, or retirement accounts. What they often want is a safer bucket for money they do not want exposed to market losses.

A MYGA can serve that purpose. It provides a stated rate for a stated period, and the account value is not directly tied to market performance.

That can be helpful for someone who is recently retired, preparing to retire, or trying to create a more balanced financial picture. It may also appeal to people who want a conservative place for funds they do not need immediately but may want to use later.

CDs Have FDIC Insurance. MYGAs Have limited insurance through the state.

Bank CDs at FDIC-insured banks are protected up to applicable limits. The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each ownership category.

MYGAs are not FDIC-insured. They are backed by the claims-paying ability and financial strength of the issuing insurance company. In Nebraska, annuity owners may also have protection through the Nebraska Life and Health Insurance Guaranty Association, subject to limits and eligibility rules. The Nebraska association states that annuity contract protection is generally limited to $250,000 per owner, per member company.

This is why it is important to review the insurance company, the contract, and the guarantees before choosing a MYGA.

MYGAs May Offer Future Income Options

A CD gives you a few basic choices at maturity. You can renew, withdraw, or move the money elsewhere.

A MYGA may offer similar options, plus the ability to convert the account into a stream of guaranteed income. This is one reason MYGAs are often discussed in retirement income planning.

Not everyone wants or needs lifetime income from an annuity. Some people simply want guaranteed growth for a set period. Others like knowing they may have an income option later.

That flexibility can be helpful when planning around Social Security, Medicare, Long Term Care insurance, life insurance, health insurance, dental insurance, and other retirement needs.

Important MYGA Considerations

MYGAs are designed for longer-term savings. They are not usually the best place for emergency money.

Most MYGAs have surrender periods. If you withdraw more than the contract allows during that period, you may pay surrender charges. Some contracts allow a certain amount of penalty-free withdrawals each year, but details vary.

You should also consider age, income needs, tax situation, beneficiaries, and liquidity before choosing between a CD and a MYGA.

A CD may be better if you want short-term access and FDIC coverage. A MYGA may be worth considering if you want a longer guarantee, tax-deferred growth, and possible retirement income options.

Beyond MYGAs: Other Safe-Money Annuity Options

While MYGAs are an excellent choice for people seeking a guaranteed rate of return, they are not the only option available. Some annuities offer a blend of guaranteed growth and the opportunity for additional gains tied to market performance, without exposing your principal to market losses.

For example, certain fixed indexed annuities (FIAs) may offer a guaranteed minimum return over a set period—such as a 20% guaranteed return over five years (equivalent to 4% annually)—while also providing the potential for higher earnings based on the performance of a market index. If the index performs well, the account may earn more than the guaranteed minimum. If the market declines, the principal remains protected from market losses.

This combination of safety, guarantees, and growth potential makes indexed annuities an attractive option for savers who want more upside opportunity than a traditional CD or MYGA, while still maintaining protection from stock market downturns. As with any financial product, the features, guarantees, and growth opportunities vary by carrier and contract, making it important to review your options carefully.

Conclusion: Compare Before You Renew

For conservative savers, bank CDs still have a place. They are simple, familiar, and FDIC-insured within applicable limits.

But MYGAs may offer advantages that CDs do not, including tax-deferred growth, competitive guaranteed rates, beneficiary features, and future income options. For retirees and pre-retirees, the right choice depends on your timeline, liquidity needs, tax picture, and retirement goals.

Before renewing your next CD, it may be worth comparing both options side by side.

Mary the Medicare Lady helps clients think through retirement and insurance decisions, including Medicare, Social Security, Long Term Care insurance, annuities, life insurance, and related coverage needs.

The Medicare GLP-1 Bridge Program: What Beneficiaries Should Know

Tue, 26 May 2026 14:09:15 GMT

The Medicare GLP-1 Bridge Program: What Omaha Beneficiaries Should Know for 2026 and 2027

If you have been following the news around weight-loss medications, you may have heard that Medicare is opening the door a little wider for some beneficiaries. That is where the Medicare GLP-1 Bridge Program comes in.

For many older adults in the Omaha metro, the biggest question is simple: Will Medicare finally help pay for drugs like Wegovy or Zepbound if they are prescribed for weight loss? The answer is more promising than it used to be, but it is still not as simple as many headlines make it sound. CMS says the Medicare GLP-1 Bridge is a temporary program that gives eligible Medicare Part D beneficiaries access to certain GLP-1 drugs beginning July 1, 2026, and it is now set to continue through December 31, 2027.

What Is the Medicare GLP-1 Bridge Program?

The Medicare GLP-1 Bridge is a temporary CMS demonstration program. In plain English, that means Medicare is testing a new way to make certain GLP-1 weight-loss drugs available to eligible people before a broader long-term model is fully in place. CMS also says this program operates outside the normal Medicare Part D payment flow, using a central processor to handle prior authorization, claims, and payment to pharmacies.

That matters because traditional Medicare rules have generally not covered drugs prescribed only for weight loss. The Bridge Program is meant to create a limited path for access while CMS gathers more experience and data.

Who May Be Eligible?

Not every person on Medicare will qualify automatically. CMS says beneficiaries generally must be enrolled in an eligible standalone Part D plan or an eligible Medicare Advantage plan with drug coverage, and they must meet the program’s prior authorization rules. CMS also notes that some plan types are excluded unless the person is also enrolled in a standalone PDP.

That is one reason this topic can get confusing fast. A person may have Medicare, may have Part D, and may still need to clear additional clinical requirements before coverage is approved. This is exactly the kind of issue that often leads people to call a local Medicare agent for help reviewing their options.

Which Drugs Are Included?

CMS currently lists a limited group of GLP-1 products under the Bridge. As of the latest CMS update, those include certain formulations of Wegovy, Foundayo, and Zepbound KwikPen when they are being used to reduce excess body weight and maintain weight reduction. CMS also says the list was updated in April 2026 after an FDA approval and clarification about which Zepbound formulation is included.

That is important for beneficiaries in Omaha and surrounding communities because many people assume “if one GLP-1 is covered, they all are.” That is not how Medicare works. Drug coverage often depends on the exact product, the exact reason it is prescribed, and the rules attached to that specific program.

What Will It Cost?

One of the biggest headlines around the Bridge Program is the beneficiary copay. CMS says pharmacies will collect a $50 copay from eligible beneficiaries for drugs covered under the Bridge, and the central processor will pay the rest.

But there is a second detail people should not miss: CMS also says that this $50 copay does not count toward a beneficiary’s Part D true out-of-pocket costs, because the program is outside the regular Part D benefit structure. In other words, even though the monthly cost may look simpler, it does not work the same way as a covered Part D prescription would.

Why This Matters for Older Adults

Weight and metabolic health can affect healthy aging. The National Institute on Aging notes that elevated BMI in older adults can increase the likelihood of health problems such as heart disease, high blood pressure, stroke, and diabetes. NIA also emphasizes that healthy eating, regular physical activity, and medical guidance remain important parts of weight management as people age.

That is why the Medicare GLP-1 Bridge is getting so much attention. It is not just about a popular drug category. For some beneficiaries, it could affect broader health goals, daily function, and long-term medical risk. Still, these medications are not the whole plan. They should be viewed as one part of a larger conversation with a doctor.

A Few Common Mistakes to Avoid

One common mistake is assuming the Bridge Program replaces Part D. It does not. Medicare.gov still explains that Part D is the standard prescription drug benefit offered through private plans approved by Medicare. The Bridge is separate from that structure.

Another mistake is assuming every prescription for Wegovy or Zepbound goes through the Bridge. CMS says some uses of these drugs that are already covered under the basic Part D benefit would not qualify under the Bridge. In those cases, the request stays in the normal Part D system.

A third mistake is waiting too long to ask questions. Rules around Medicare drug coverage can change, and timing matters. A beneficiary who wants access in 2026 or 2027 should not wait until the last minute to understand how their coverage works.

What Omaha Beneficiaries Should Do Now

Start by talking with your doctor about whether a GLP-1 medication is medically appropriate for you. Then review your Medicare drug coverage carefully and ask how your plan type may interact with the Bridge Program.

This is also a good time to step back and look at your overall retirement protection. Prescription coverage is only one piece of the picture. Many people who are comparing Medicare options are also reviewing health insurance, dental insurance, Life Insurance, or Long Term Care insurance as their needs change in retirement.

Talk to Mary the Medicare Lady

If you live in the Omaha metro and want help understanding how Medicare changes may affect you, Mary the Medicare Lady can help you sort through the details in plain English. Whether you need help reviewing Medicare drug coverage or have bigger retirement planning questions, working with a local advisor can make the process less overwhelming.

Visit Hiatt Agency to learn more or request guidance tailored to your situation.

Maximizing Your Health Savings Account (HSA)

Mon, 04 May 2026 00:52:41 GMT

If you are still working and covered by an employer health plan in the Omaha metro, an HSA can be a useful part of your overall retirement plan. But the rules get more important as you approach Medicare. One of the most common mistakes is assuming you can keep contributing right up until Medicare starts, only to find out later that Medicare timing can create excess contributions.

A Health Savings Account, or HSA, is a tax-advantaged account available to people who qualify under IRS rules. The basic appeal is straightforward: eligible contributions can be deductible or excluded from income, earnings can grow tax-free, and withdrawals for qualified medical expenses can also be tax-free. Unlike a Flexible Spending Account, HSA money generally rolls forward and stays with you if you change jobs or leave the workforce.

Who can contribute to an HSA?

To contribute to an HSA, you must be covered by a qualifying high-deductible health plan, have no disqualifying health coverage, not be enrolled in Medicare, and not be claimed as someone else’s dependent. For 2026, the IRS set the HSA contribution limits at $4,400 for self-only coverage and $8,750 for family coverage, with an additional $1,000 catch-up contribution for people age 55 and older. For 2026, an HSA-qualified high deductible health plan must have a deductible of at least $1,700 for self-only coverage or $3,400 for family coverage.

Retirement itself does not automatically end HSA eligibility. Medicare does. So if someone is retired but still has qualifying HDHP coverage and has not enrolled in Medicare, they may still be eligible to contribute. Once Medicare begins, however, the IRS says the contribution limit becomes zero starting with the first month of Medicare enrollment, including retroactive months.

What can HSA money be used for?

HSA money can be used tax-free for qualified medical expenses such as doctor visits, hospital care, prescriptions, dental treatment, vision care, and many other IRS-approved expenses. Two rules matter here. First, the expense must be incurred after the HSA is established. Second, you cannot use the same expense for multiple tax benefits. If it was reimbursed from another source, or already used as an itemized deduction, it cannot also support a tax-free HSA withdrawal.

Insurance premiums are where people often get tripped up. In general, HSA money cannot be used for regular health insurance premiums. But the IRS allows exceptions for qualified long-term care insurance, COBRA coverage, health coverage while receiving unemployment compensation, and Medicare premiums after age 65. Medigap premiums are not considered qualified HSA expenses.

Best ways to contribute

Payroll contributions are often the most tax-efficient option. IRS guidance says employer contributions, including salary reduction contributions made through a cafeteria plan, may be excluded from gross income, and employer HSA contributions generally are not subject to employment taxes. Employer contributions still count toward the annual contribution limit, so they need to be included when calculating how much room is left for the year.

You can also make direct contributions with after-tax dollars and generally deduct them on your federal return. Another option is a qualified HSA funding distribution, which allows a direct transfer from a traditional IRA or Roth IRA into the HSA. That transfer is not included in income, but it does count toward your HSA contribution limit and comes with a testing period.

The Medicare timing mistake to avoid

This is the part many adults nearing 65 need to pay attention to. Medicare.gov states that if you sign up later for premium-free Part A, your Part A coverage can begin up to 6 months before the month you apply, but not earlier than the month you turned 65. The IRS also says that HSA contribution eligibility becomes zero for months you are enrolled in Medicare, including retroactive coverage.

That means someone who keeps funding an HSA right up until Medicare enrollment can accidentally create excess contributions for those lookback months. A practical planning step is to stop HSA contributions about 6 months before enrolling in Medicare if you are over 65 and planning to start Part A. This is especially important for people continuing to work past 65. It is wise to review that timing with both a tax professional and a Medicare advisor before filing enrollment paperwork.

Can an HSA help with Marketplace planning before Medicare?

For people not yet on Medicare, an HSA can sometimes help with health insurance planning, too. Hiatt Agency also helps clients with under-65 health insurance and ACA Marketplace options. Because direct HSA contributions are generally deductible, and HealthCare.gov says Marketplace MAGI starts with AGI plus only a few specific additions, HSA contributions can reduce the income figure used for premium tax credit calculations in some situations. That can matter for early retirees or for a younger spouse who is still buying coverage through the Marketplace. This is a tax-sensitive strategy, so it should be reviewed case by case.

Withdrawals, records, and beneficiary rules

Withdrawals used for qualified medical expenses are tax-free. If you use HSA money for non-medical purposes before age 65, the distribution is taxable and usually subject to an additional 20% tax. After age 65, non-medical withdrawals are still taxable, but the 20% additional tax no longer applies. That is why some people view the HSA as a medical account first, with added retirement flexibility later.

There is no requirement to reimburse yourself in the same year the expense happens, as long as the expense was incurred after the HSA was established. But the IRS expects solid records. You should be able to show that the expense was qualified, was not reimbursed elsewhere, and was not already taken as an itemized deduction. Beneficiary designations matter too. If a spouse is the beneficiary, the HSA keeps its status after death. If the beneficiary is not a spouse, the account stops being an HSA, and the balance generally becomes taxable income in the year of death.

A smart planning tool, if the timing is handled correctly

An HSA is more than a way to pay today’s deductible. It can reduce taxable income, help cover eligible medical costs in retirement, and make the years leading up to Medicare a little more manageable. The key is understanding the transition rules before they become a problem.

For Omaha-area adults who want help coordinating Medicare timing with current health coverage, Mary Hiatt is a local independent Medicare agent licensed in Iowa and Nebraska who specializes in helping adults 65-plus navigate Medicare, health coverage options, and long-term care planning. To start a conversation, visit Hiatt Agency or use the site’s contact page.

This article is for educational purposes only and should not be treated as tax or legal advice. Rules can change, and individual facts matter.

Top 10 Ways to Retire Happy

Thu, 16 Apr 2026 14:42:26 GMT

For many people, retirement is something they look forward to for decades. It represents freedom from the daily grind, more time with family, and the opportunity to finally enjoy hobbies, travel, and personal interests. Yet many retirees discover that happiness in retirement doesn’t happen automatically. It requires planning, balance, and a willingness to adapt to a new phase of life.

The good news is that research and real-life experience show that happy retirees tend to share several common habits. Whether you are approaching retirement or already enjoying it, these strategies can help you make the most of your retirement years.

1) Take Care of Your Health

Your health becomes one of your most valuable assets in retirement. When you feel well physically, you have the energy to travel, spend time with loved ones, and enjoy your hobbies.

Simple habits can make a big difference. Regular exercise, even something as basic as walking each day, can improve heart health, strength, and balance. Eating nutritious foods, staying hydrated, and getting regular checkups are also important.

Preventive care and early treatment can help you stay active longer and avoid serious health problems down the road. Preventive care includes not only regular visits and screenings with your doctor, but also checkups for your eyes, ears, and teeth.

2) Stay Socially Connected

One of the biggest challenges retirees face is loneliness. When a career ends, the daily interactions with coworkers and clients often disappear as well.

Maintaining social connections is extremely important for both mental and emotional health. Spending time with family, meeting friends for lunch or coffee, participating in church activities, joining clubs, or volunteering in the community can help retirees stay connected and engaged.

For those who may not have family or friends living nearby, companionship can still come in many forms. Some retirees build friendships through hobby groups, community centers, or volunteer work. Others find meaningful companionship in a different way, through pets.

Pets can provide daily interaction, routine, and emotional comfort. Studies have shown that pet ownership can reduce stress, lower blood pressure, and even help combat feelings of loneliness.

Walking a dog or visiting a local dog park can also create opportunities to meet new people. Simply petting a purring cat on your lap can bring joy to your day.

Staying connected, to people or even a beloved pet, can make a tremendous difference in overall happiness during retirement.

3) Find a New Sense of Purpose

For many people, work provided structure, identity, and a feeling that they were contributing to something meaningful. When retirement begins, that sense of purpose can sometimes feel lost.

Happy retirees often replace that sense of purpose with new activities. Volunteering, mentoring younger people, serving on community boards, helping with charitable organizations, or even working part-time can create a renewed sense of fulfillment.

Having something meaningful to look forward to each day can dramatically improve overall happiness.

4) Keep Learning and Growing

Retirement is the perfect time to explore interests that you may not have had time for earlier in life. Learning new things keeps the mind sharp and makes life more interesting.

Some retirees take classes at local community colleges or senior centers. Others learn new hobbies such as painting, gardening, photography, or playing a musical instrument. Traveling and exploring new cultures can also be a great way to keep learning.

Keeping the brain engaged helps maintain cognitive health and adds excitement to everyday life.

5) Maintain Financial Confidence

Money itself doesn’t guarantee happiness, but financial stress can certainly reduce it. Having a clear understanding of your retirement income, expenses, and healthcare costs can provide peace of mind.

A solid retirement plan often includes Social Security, retirement savings, and strategies for handling healthcare costs such as Medicare premiums, prescriptions, and long-term care needs.

When retirees feel confident about their finances, they are much more likely to relax and enjoy the lifestyle they worked so hard to achieve.

6) Create a Flexible Daily Routine

One of the greatest joys of retirement is freedom. However, having absolutely no structure can sometimes lead to boredom or a lack of motivation.

Many happy retirees develop a flexible routine. They may exercise in the morning, volunteer a few days a week, meet friends regularly, or dedicate time to hobbies and projects.

A routine helps maintain a sense of productivity while still allowing the freedom that retirement provides.

7) Focus on Experiences Rather Than Possessions

Studies consistently show that experiences tend to bring more lasting happiness than material possessions. Traveling, spending time with grandchildren, attending events, or exploring new places often create memories that last a lifetime.

Retirement offers the opportunity to focus on these meaningful experiences. Even small adventures like day trips, nature walks, or attending local events can bring a lot of joy.

8) Simplify Your Life

Many retirees discover that simplifying their lives reduces stress and increases happiness. This might involve downsizing to a smaller home, reducing unnecessary expenses, or decluttering belongings accumulated over many years.

Simplification can free up time, money, and energy to focus on the things that truly matter—relationships, health, and meaningful activities.

9) Maintain a Positive Mindset

A positive outlook can make a tremendous difference in how retirement feels. Aging naturally brings changes but focusing on gratitude and the opportunities retirement provides can help maintain happiness.

Many retirees practice gratitude by appreciating the extra time they have with loved ones or the freedom to enjoy activities they once had to postpone.

Staying optimistic and adaptable helps people navigate life’s changes with resilience.

10) Plan for Healthcare and Future Needs

Healthcare can become one of the biggest concerns during retirement. Planning ahead for medical expenses, prescription drugs, and potential care needs can relieve a great deal of anxiety.

Understanding Medicare coverage, supplemental insurance options, and long-term care options can help retirees avoid unexpected financial surprises later in life.

When healthcare planning is in place, retirees often feel more confident about their future.

A Final Thought on a Happy Retirement

Retirement should be one of the most rewarding chapters of life. It’s a time to enjoy the freedom you worked so hard to achieve, spend meaningful time with the people (or pets) you love, and pursue the interests that bring you joy.

But a happy retirement doesn’t happen by accident. It comes from thoughtful planning, maintaining good health, nurturing relationships, and making informed decisions about your financial and healthcare future.

Understanding your retirement benefits, managing healthcare costs, and protecting the assets you’ve built over a lifetime can give you the confidence to truly enjoy these years.

When retirees feel informed and prepared, they are far more likely to relax and focus on what really matters—living well, staying active, and making the most of every day.

Non-Medical Home Care Plans: Paying for In-Home Help

Sat, 07 Mar 2026 06:00:00 GMT

Why Non-Medical Home Health Care Coverage Matters More Than You Think

Most people picture home health care as something that only follows a hospital stay or major medical event. In reality, many care needs begin quietly—without hospitalization, without surgery, and without warning. A fall that limits mobility, early cognitive decline, or difficulty managing daily tasks can quickly turn everyday life into a challenge.

Non-medical home health care insurance is designed to step in during these moments. It provides support when someone suffers a cognitive impairment or can no longer perform two of the six activities of daily living (ADLs)—and importantly, benefits can begin without requiring a hospital stay.

When Care Is Needed, but Not “Medical”

Non-medical home health care focuses on assistance with daily living rather than medical treatment. This type of care helps people remain safe and independent at home when they are no longer able to manage routine activities on their own.

These needs often arise gradually. Someone may struggle with bathing, dressing, or moving safely around the home. Others may experience memory loss or cognitive changes that make it difficult to manage medications, prepare meals, or handle basic household tasks. While these situations may not require hospitalization, they absolutely require care.

Without coverage in place, families are often left with limited options: paying out of pocket for help, relying heavily on unpaid family caregivers, or considering institutional care sooner than they would like.

Understanding Activities of Daily Living (ADLs)

Most non-medical home health care policies use activities of daily living as a trigger for benefits. The six commonly recognized ADLs include:

Bathing
Dressing
Eating
Transferring (moving in and out of bed or chairs)
Toileting
Continence

When an individual is unable to perform two or more of these activities without assistance, benefits may become available. This structure recognizes that meaningful care needs exist well before someone becomes severely ill or hospitalized.

In addition to ADLs, cognitive impairment—such as memory loss, confusion, or diminished judgment—will also qualify someone for benefits, even if they are physically capable of performing daily tasks.

No Hospital Stay Required

One of the most important features of non-medical home health care coverage is that benefits do not depend on a hospital stay. This reflects how care needs actually develop in real life.

Cognitive decline, balance issues, or loss of strength often occur gradually. Waiting for a hospital admission before coverage begins leaves many people without help when they need it most. Non-medical home health policies recognize that early support can prevent accidents, reduce stress, and help individuals remain safely at home longer.

How Non-Medical Home Health Benefits Are Used

Benefits from these policies are typically paid directly to the policyholder. This flexibility allows individuals and families to arrange care that fits their unique situation.

Benefits may be used for services such as:

Assistance with personal care, including bathing and dressing
Help with meal preparation and light housekeeping
Supervision and support for individuals with cognitive impairment
Companionship and safety monitoring
Support that allows family caregivers to take needed breaks

Because the care is non-medical, it focuses on quality of life, safety, and independence rather than clinical treatment.

The Impact on Families

When non-medical care needs arise, family members often step in by default. Spouses, adult children, and relatives may find themselves providing daily assistance while juggling work, finances, and their own health.

Over time, this can lead to caregiver burnout, lost income, and emotional strain. Having coverage in place helps relieve some of this pressure by making professional care more accessible and affordable. Even a few hours of paid help each day can make a significant difference for both the individual receiving care and their family.

Affordable Protection for Real-Life Needs

Non-medical home health care policies are typically more affordable than traditional long-term care insurance and often involve simplified underwriting. Many plans require only a few health questions and no medical exams, making coverage accessible to a wider range of people.

Because these policies focus on short-term or limited-duration benefits, they are designed to provide meaningful support without a long-term financial commitment. For many individuals, this makes non-medical home health coverage a practical and realistic planning option. An 81 year old woman can get a plan that will give her home health benefits of $50/day plus a $3500 lump sum caregiver benefit for $73.49/month.

Preserving Independence and Dignity

Most people want to remain in their homes for as long as possible. Non-medical home health care coverage supports that goal by providing help early—before a crisis forces difficult decisions.

By addressing care needs related to cognitive decline or difficulty with daily activities, these policies help individuals maintain dignity, comfort, and control over their daily lives. Early support can also reduce the likelihood of falls, accidents, and unnecessary institutional care.

Planning Ahead Makes All the Difference

The time to think about non-medical home health care is before it’s needed. Once cognitive impairment or functional limitations arise, options become more limited.

Non-medical home health insurance is not meant to replace comprehensive long-term care planning, but it can play a valuable role in filling the gap between medical insurance and out-of-pocket caregiving costs. It provides peace of mind knowing that help can be available when daily tasks become difficult—without requiring a hospital stay or major medical event.

A Thoughtful Next Step

If you’re under the age of 85 and staying independent at home matters to you—or if you’re concerned about how cognitive decline or loss of daily function could affect your family—it may be worth learning more about non-medical home health care coverage.

A short conversation with an independent, knowledgeable advisor can help you understand how these policies work and whether they fit into your overall planning. Exploring your options now can help ensure that support is available when everyday tasks are no longer so simple.

For families in Nebraska who are beginning to explore care options, working with a trusted, local provider can make all the difference. AmanaCare is a faith-based, non-medical home care provider serving communities across Nebraska, helping individuals remain safely at home while receiving compassionate, personalized support. Our team walks alongside families to help them understand their options and build a care plan that fits their unique situation.Learn more at: www.amana-care.com

Frequently Asked Questions:

What is non-medical home health care?

Non-medical home care provides assistance with everyday activities such as bathing, dressing, meal preparation, light housekeeping, transportation, and companionship. These services help seniors remain safely in their homes while maintaining independence.

Does Medicare pay for non-medical home care?

No. Medicare generally only covers short-term skilled medical care at home, such as nursing or physical therapy. It does not pay for long-term assistance with daily living activities like bathing, cooking, or housekeeping.

What services are included in non-medical home care?

Non-medical home care services often include personal care, medication reminders, meal preparation, transportation to appointments, light housekeeping, and companionship.

Who typically needs non-medical home care?

Seniors who want to remain independent at home but need help with daily tasks often benefit from non-medical home care. It can also support individuals recovering from illness or those whose family caregivers need additional help.

How can seniors pay for non-medical home care?

Seniors often pay for non-medical home care through personal savings, long-term care insurance, Medicaid (for those who qualify), or specialized insurance plans designed to help cover in-home assistance.

Is non-medical home care the same as home health care?

No. Home health care involves medical services provided by licensed professionals such as nurses or therapists. Non-medical home care focuses on daily living assistance and personal support.

Hospital Indemnity Plans Fill Coverage Gaps

Mon, 29 Dec 2025 16:40:54 GMT

Hospital Indemnity Plans: The Quiet Safety Net Filling America’s Growing Coverage Gaps

As healthcare costs continue to rise and insurance plans shift more financial responsibility onto patients, a once-overlooked product is stepping back into the spotlight: hospital indemnity insurance. Long regarded as a supplemental add-on rather than a core piece of coverage, these plans are increasingly being used by both seniors and those under age 65 who are looking for predictable protection from unpredictable hospital bills.

Hospital indemnity plans—sometimes called “fixed indemnity” or “hospital cash” plans—provide a simple promise: if you are hospitalized, the insurer pays you a set amount of cash. Unlike major medical insurance, which reimburses healthcare providers directly, hospital indemnity plans pay the policyholder. The benefit can then be used for anything—medical bills, transportation, lost income, childcare, or even household expenses that pile up when illness disrupts daily life. This flexibility is one reason the product is finding renewed popularity.

A Response to Rising Out-of-Pocket Costs

Deductibles and coinsurance requirements have grown at a pace many Americans find hard to manage. Meanwhile, many Medicare Advantage plans, while offering robust benefits, still impose copays on hospital stays. For individuals living on fixed incomes—or families trying to maintain financial stability—these unforeseen costs can quickly lead to debt.

Straightforward Structure, Flexible Use

The simplicity of hospital indemnity plans is part of their appeal. Policyholders often know exactly what they will receive if certain conditions are met. A three-day hospital stay means three days of benefits. A trip to the emergency room may be eligible for a separate payment. Because compensation is based on a fixed schedule rather than actual charges, there is no complicated billing process or worry about whether the claim will be deemed medically necessary by an insurer.

Consumers increasingly appreciate this predictability. Indemnity payments can be used for many of these expenses, making them distinct from traditional health insurance, which only applies to medical costs.

Partnership With Major Medical Plans

Hospital indemnity insurance is not meant to replace comprehensive health coverage. Instead, it works as a complement, especially for those with high-deductible health plans (HDHPs), employer plans, or Medicare Advantage plans. Brokers have specialized quoting tools that can help “fill the gaps” left by your insurance.

For example, a Medicare Advantage enrollee might face a daily hospital copay of $500 for the first five days of an inpatient stay. A hospital indemnity plan may offer a daily benefit of $500, effectively neutralizing the out-of-pocket exposure. Some plans can also cover ambulance services or observation stays—often areas where costs catch patients off guard.

Younger adults, too, are purchasing indemnity plans to offset the steep deductibles that come with many marketplace and employer-sponsored health plans. A serious illness or accident early in the year can force them to meet the full deductible before insurance pays. A supplemental plan can soften that financial blow.

Affordability is a Key Reason for the Popularity of Hospital Indemnity Plans

Independent insurance brokers note a surge in demand, especially during the Medicare Annual Election Period. As consumers compare plan options, many discover they are comfortable with their Medicare Advantage $0 or low monthly premiums, but uneasy with potential hospitalization charges. Hospital indemnity coverage has become a practical, affordable add-on.

Most plans cost significantly less per month than major medical insurance, often ranging anywhere from $30 to $60 depending on age and benefit level. For many households, that cost feels manageable compared to the risk of an unexpected $3,000 hospital bill.

Hospital Indemnity plans can be purchased any time of the year and do not have any special election periods.

Guaranteed Issue

One of the lesser-known advantages of hospital indemnity plans is the availability of guaranteed-issue plans, which require no medical underwriting. Several carriers allow applicants to enroll without answering health questions, and many offer guaranteed-issue eligibility up to age 79. This makes the plans accessible to older adults, individuals with chronic conditions, and consumers who may not qualify for other forms of supplemental insurance. For those who have been declined for life or health products before, guaranteed-issue hospital indemnity plans provide a rare opportunity to secure meaningful financial protection.

Limitations and Misconceptions

Despite their benefits, hospital indemnity plans are sometimes misunderstood. They do not cover routine medical care, doctor visits, or prescription drugs. They also do not act as substitutes for major medical insurance—something that regulators emphasize regularly. These plans pay fixed amounts, not actual costs, which means a large bill could still leave a policyholder financially strained.

Consumers are encouraged to read the fine print carefully. Some plans impose waiting periods on pre-existing conditions.

A Growing Role in America’s Healthcare Landscape

As the healthcare system evolves, so do the tools consumers use to navigate it. Hospital indemnity plans have become a key part of the supplemental insurance landscape, offering simple, predictable benefits at a time when medical cost-sharing grows increasingly complex. Their straightforward structure makes them appealing across demographics—from younger families enrolled in high-deductible plans to seniors who want added protection alongside Medicare Advantage.

Not connected with or endorsed by the U.S. government or the federal Medicare program. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. See www.hiattagency.com or contact licensed independent agent mary [at] hiattagency [dot] com or call or text 402 672 9449 for more information.

Changes to 2026 Medicare Advantage Plans and Access to Drug Plans

Mon, 29 Dec 2025 16:37:07 GMT

Independent Insurance Agents spend countless hours preparing for the Annual Election Period to help their clients. They attend carrier rollouts and learn about the new plans changes for the year ahead. Agents are not allowed to charge for their services; they work for free and then earn a commission when helping Medicare beneficiaries enroll in plans. Considering the time and investment independent agents make in their business, they don’t earn high commissions on their valuable work for seniors.

Independent Agents are dealing with unprecedented changes trying to help their clients with Drug plan reviews or Medicare Advantage plan reviews. Almost all Drug Plans have gone non-commissionable, and effective Nov 9^th, a major Drug plan has removed its plans from all quoting platforms except Medicare.gov. This has severely crippled agents’ ability to help their clients, some agents have quit helping even their Medicare Supplement clients with Drug plan reviews.

Some Medicare Advantage plans have gone non-commissionable in 2026. They filed their plans with CMS - Center for Medicare and Medicaid Services as if they were going to be paying commissions on them and then pulled the commissions. They essentially are saying that they do not want more business. This has made it very difficult for independent agents to help their clients. It’s sort of like tip toeing through landmines difficult.

There are not enough SHIP agents to help all the non-technical savvy seniors who need help with their plans. If you want to help agents help you, please see the contact information at the end of this article and request that Nebraska follow other states that are issuing cease and desist orders and raising awareness for these unfair trade practices.

Stand Alone Prescription Drug Plan Important Changes

Premiums and formularies change. If you don’t review your drug plan between Oct 15-Dec 7^th, you won’t get another chance until the next Annual Election Period.

Drugs expected to have lower pricing in 2026:

Eliquis, Xarelto, Januvia, Jardiance, Farxiga, Enbrel, Stelara, Imbruvica.

Entresto - there’s a generic available for this now, called sacubitril/valsartan, but as of this writing not all drug formularies have it loaded into their systems.

Fiasp and NovoLog: Insulin will still be at the $35 copay, IF the Drug or Medicare Advantage plan has it on their formulary.

The maximum allowable Part D deductible will be $615, up from $590 in 2025. However, some Part D plans will have lower deductibles or none. This is where having a knowledgeable agent can help you get the right plan based on what your annual expenses would be for both your premiums and the costs of your prescriptions. You could possibly get on a Drug plan or Medicare Advantage plan that caps your Drug maximum out of pocket at far less than the $2100 if you get on the right plan.

Prescription Payment Plan: In case you missed it last year, Medicare enrollees in Part D prescription plans and Medicare Advantage plans with prescription coverage have the option to pay out-of-pocket costs in monthly installments rather than all at once at a pharmacy. This means a $2,100 bill in January becomes a $175-a-month payment through the Medicare Prescription Payment Plan.

If you were already in the payment plan, you’ll be reenrolled automatically unless you opt out or change to a new Part D or Medicare Advantage plan. If you do change plans and want to continue a payment plan, just contact your new drug plan. It’s best to do this before you fill your first prescriptions on the new plan. Neither your pharmacy nor your agent can help you with this, you must call the number on your card.

Medicare Advantage Plan Important Changes

Some Medicare Advantage plans have left the market. If your plan has left the market, you will be without insurance coverage in 2026 unless you pick a new plan. When a Medicare Advantage plan leaves the market, you have 2 options: Pick a new Medicare Advantage plan, or you will have guaranteed issue into a Medicare supplement plan and then you can pair it with a Drug plan, and Dental and Vision plans if desired.

2026 NE Plan/Contract Terminations (all counties)

SmartFit HMO-POS (H7149-009)

Value Plus HMO-POS (H7149-008)

Enhanced Select PPO (1608-082)

Service Area Reductions:

Signature HMO-POS (H7149-001): 6 COUNTIES EXITED- Burt, Cuming, Dodge, Otoe, Jefferson & Washington

Signature PPO (H1608-012): 6 COUNTIES EXITED Burt, Dixon, Holt, Otoe, Saunders & Washington

Signature Extra PPO (1608-038): 6 COUNTIES EXITED: Burt, Dixon, Holt, Otoe, Saunders & Washington

There is an HMO-POS Medicare Advantage plan that is now requiring a referral to see specialists. Even if those specialists are in network and you’re already seeing them. Again, review with your local independent agent, or check your Annual Notice of Change carefully.

A Medicare Advantage plan has expanded into the Omaha metro starting in 2026. It is a PPO plan, and CHI is its first major network. This Medicare Advantage company is a privately owned company that historically has had star ratings at or above the industry average. (CMS uses a 5-star quality rating system.)

Grocery and Utility benefit for DSNP- Dual Special Needs Clients

Per CMS, Medicare Advantage plans are no longer able to offer Grocery and Utility benefit to DSNP- Dual Special Needs Clients UNLESS the beneficiary has one of the SSBCI Conditions -Supplemental Special Benefits for Chronically Ill. Please work with your agent to make sure you still qualify.

Many Medicare Advantage Plans have eliminated or reduced the non-Medicare ancillary benefits.

Remember that if you’re on a Medicare Advantage plan already, and you missed important changes to your plan, you have an Open Enrollment Period from Jan 1^st through March 31^st to make a one-time plan change effective the first of the following month. Medicare Advantage beneficiaries with qualifying Chronic Conditions can make changes any time of the year.

Medigap- Medicare Supplement Plan Changes

Please remember that you can shop for a Medigap plan any time of the year, but in Nebraska, underwriting questions will be asked unless you’re Guaranteed Issue – turning 65, leaving a qualified group health plan, or your Medicare Advantage plan exits the market. Some beneficiaries might have to consider a Plan N, High Deductible G, or Innovative G to keep premium costs down.

Part B

Nothing has been officially announced yet, but speculation is that the Part B premium will rise from $185 to $206.50. With that, the Part B deductible is likely to rise. And of course IRMAA (Income Related Monthly Adjustment Amount for high income earners)

Protecting Choice Through Independent Guidance-How You can help

The Idaho Department of Insurance (DOI) issued emergency cease-and-desist orders to at least two major carriers. These insurers are accused of deliberately limiting access to MA applications (both online and paper) and withholding or eliminating broker commissions for new enrollments even though those commissions were built into approved premium rates. At the time of this writing, several other states have followed Idaho’s lead.

Medicare exists to ensure older adults and people with disabilities can access health care without undue financial hardship. When distribution changes make coverage harder to compare or remove the people who help seniors make informed choices, the program’s promise erodes. Seniors shouldn’t have to become health policy experts to secure the care and medications they need. Restoring transparent choices and reliable counseling isn’t just a market nicety — it’s a matter of equity and dignity.

If you believe in fair trade for your Medicare options, please write or call the Nebraska Department of Insurance at 1526 K St Suite 200, Lincoln, NE 68508 or call (402) 471-2201. Tell them Mary the Medicare Lady sent you.

Best Insurance Broker in Papillion!

Thu, 09 Oct 2025 12:33:10 GMT

Honored to Be Named Best Insurance Broker in Papillion by BusinessRate!

I’m truly grateful to share that I’ve been recognized as the Best Insurance Broker in Papillion by BusinessRate — an award determined by recent, verified client reviews.BusinessRate’s award process uses relative comparisons: Ensuring local, small-town businesses aren’t compared to big-city chains. Their rankings focus on recency, reliability, and real local impact — ensuring that the recognition truly reflects the experiences clients have today. This honor wouldn’t be possible without my amazing clients who continue to place their trust in me. Your feedback, referrals, and support inspire me every day to provide honest guidance and exceptional service. I’ll keep doing what I love — helping people navigate Medicare options with clarity and confidence, and finding coverage that fits their needs and budget. Thank you for your continued trust!

#BestInPapillion #InsuranceBroker #MedicareAdvisor #ClientTrust #LocalRecognition #Gratitude #BusinessRate

Why Work with an Independent Agent for Medicare

Wed, 01 Oct 2025 12:46:13 GMT

Reasons to Work with a Local, Independent Licensed Agent for Medicare

It’s that time of year again—the Medicare Annual Election Period. Between the commercials, mailings, and endless chatter on social media, it can all feel overwhelming. The good news? You don’t have to figure it out alone.

Here are some reasons why so many people love working with a local, independent licensed agent:

Independent & Unbiased Advice

Independent agents work for you—not the insurance companies.
There is no fee for their services, and your cost is the same whether you use an agent or not.
Commissions are generally the same across plans, and some plans (like certain prescription drug plans) pay no commission at all—yet if you have a dedicated agent for your Medicare supplement they may still help you enroll in a drug plan if it’s the right fit.
Tax dollars are not used to run an independent agent’s office.

Trained & Certified

Agents must first earn a state Life & Health Insurance license before they even navigate towards Medicare.
They complete regular Continuing Education and Ethics training to keep that license active.
Each year, agents must pass a national Medicare exam (such as AHIP or NABIP)
Each year they spend additional hours certifying with each carrier they represent.
They attend ongoing trainings, webinars, and local meetings to stay on top of plan changes.

Local Expertise & Advocacy

Independent agents know the plans in your local market and have direct contacts with carrier representatives—so they can advocate for you if issues come up.
They’ll alert you to important changes in your plan. For Example: last year a carrier dropped dental coverage beyond cleanings and exams—clients without an agent didn’t realize that until they were at the Dentist’s office facing big bills.
They’ll screen for financial assistance qualifications and direct you to proper organizations.
They’re members of your local community and support Chambers of Commerce and other civic organizations.

Annual Medicare Reviews

Each year, your agent reviews your prescriptions, doctors, health needs, and budget to make sure you’re still on the best plan.
You’ll talk to the same agent every year—someone who knows you personally and understands your medical and financial history.

Enrollment Beyond Medicare Plans

Agents can enroll you in the Medicare Supplement/Medigap, Medicare Drug, or Medicare Advantage plans that you want, and also help you protect any gaps with:

Dental, Vision, and Hearing plans
Hospital Indemnity coverage
And more—depending on your needs

Protection & Professionalism

Agents carry Errors & Omissions insurance to protect both you and themselves.
They use specialized software to compare plan pricing, rate history, and loss ratios so you can make an informed choice.
They know about the yearly changes from CMS (Center for Medicaid and Medicare Services) and how to navigate them.
They’re members of Professional Organizations and Facebook groups and help support and educate each other.

Convenience & Personal Service

Schedule appointments in person, by phone, or over Zoom—whatever works best for you.
Agents can even speak with your doctor or dentist’s office on your behalf if issues arise.
They’ll remind you to use the ancillary benefits your plan includes.
They keep track of when it’s time for you to review all of your coverages, not just Medicare.

Finding the Right Agent

There are plenty of experienced, independent agents in your area—you just need to find the one that feels like the best fit.

Tip: When choosing an agent, make sure they show you their computer screen and can provide an estimate of your annual prescription costs on different plans. This feature isn’t always available on public quoting sites, but good agents have the tools to do it.

The Bottom Line

Medicare is complex, but you don’t have to navigate it alone. A local, independent licensed agent can make sure you’re informed, protected, and confident in your coverage not only at the Annual Election Period, but throughout the year.

If you’d like a free review of your Medicare options, reach out to a local independent agent this Annual Election Period. You’ll be glad you did.

Mary Hiatt is a Retirement & Insurance Advisor and President of Mary the Medicare Lady (A non-government entity.) She is Certified in Long Term Care Programs, Policies, & Partnerships and Annuities. She offers Educational Workshops on Medicare, Long Term Care and more at no charge. She helps retirees convert their 401Ks and IRA’s into guaranteed income streams as well as helping clients get Medicaid with eligible spend-down plans and Funeral Expense Trusts. Not connected with or endorsed by the U.S. government or the federal Medicare program. Medicare Supplement insurance plans are not connected with or endorsed by the U.S. government or the federal Medicare program. See www.hiattagency.com or contact licensed independent agent mary [at] hiattagency [dot] com or call or text 402 672 9449 for more information.

Shop Medicare Supplement / Medigap Plans in Omaha Nebraska area

Mon, 01 Sep 2025 05:00:00 GMT

Did you know that you can shop for a Medicare Supplement/Medigap policy any time of the year and possibly get a better price?

You might be thinking, “But my policy with XYZ company has paid for everything and I’ve never had a problem.” Yes, and that’s exactly how ALL Medigap policies work!

Medigap policies are standardized and must follow federal and state laws designed to protect you. These plans are named by letters, such as F, G or N. All plans with the same letter offer the same basic benefits, no matter which company you buy the policy from. The only difference is price.

For example, when you have a Medigap Plan G, your claim goes to Medicare, Medicare determines if it’s a covered service and what they’ll pay. Medicare pays 80% of the approved amount, and your Medigap plan pays 20%, after you’ve paid your $257 annual deductible. That’s it. The insurance company doesn’t decide what’s covered, Medicare does.

The cost of Medigap policies can vary widely depending on the insurance company, the plan, and where you live. So, should you just choose the cheapest option? Not necessarily.

When shopping for a Medigap policy, work with an experienced and independent agent to consider the company’s

-number of years they’ve offered this plan in your state

-number of lives on this plan

-history of price increases

-loss ratio. The minimum required loss ratio for Medicare Supplement is 65%, but you’ll see most companies in the 75-95% range.

Guaranteed Issue

In some cases, an insurance company must sell you a Medigap, even if you have health issues. You’re guaranteed the right to buy a Medigap policy when:

- you’re in your Medigap Open Enrollment Period (Turning 65)

- you’re Medicare eligible and you’ve lost group health coverage

- if your Medicare Advantage plan leaves the market

- if you qualified for Medicare Advantage “Trial Right” and wish to return to Original Medicare

If you buy a Medigap policy when you have a guaranteed issue right, the insurance company must cover all your pre-existing health conditions without a waiting period.

Switching Medigap Policies

Outside of these periods, you can still apply to change Medigap policies, but you’ll go through underwriting and could be denied based on your health history. So why do people switch? Usually, to save money.

A common misconception is that people think they got a price increase because they used their plan. Price hikes are typically due to rising costs and aging policyholders in the company’s risk pool.

The Leading Medigap Plans and their differences According to KFF.org*

Plan F has the second largest share of Medigap enrollment, covering 36% of Medigap policyholders. Plan F can no longer be sold to new beneficiaries who turned 65 on or after January 1, 2020 due to a change in law (Plan C also is no longer available as of that date because it also covered the Part B deductible)

In 2025, the Part B deductible is $257. Most folks on Plan F are going to be paying far more than $257 annually in premiums to avoid paying that deductible. So, if you think you can pass underwriting, it’s a good idea to see if you can save money with Plan G or Plan N. “But my policy with XYZ company has paid for everything and I’ve never had a problem.” Yes, and that’s exactly how ALL Medigap policies work! (Have you heard this somewhere before?) The only difference is price.

Plan G is the most popular Medigap policy, accounting for 39% of all policyholders, Plan G is the most comprehensive policy available to new policyholders, covering the Part A deductible and all cost sharing for Part A and B covered services, but not the Part B deductible.

Plan N has the third largest share of Medigap enrollment, but at a much smaller percentage, only 10%. Plan N is similar to Plan G, except that there are Part B copayments for some office visits and some emergency room visits, and it does not cover Part B excess charges.

If the amount a doctor or other health care provider is legally permitted to charge is higher than the Medicare approved amount, the difference is called the excess charge. The excess charges are currently capped at $20 for a doctor visit and $50 for a visit to the emergency room. Certain services may result in higher out-of-pocket costs. Plan N would also be subject to excess charges from providers who do not accept Medicare. This means you may face an additional charge of up to 15% more than the Medicare-approved charge. Depending on what part of the country you live in, Oncologists, Endocrinologists, Pain Management Docs, Ophthalmologists, Psychotherapists, and Physical Therapy are all providers that tend to charge the extra 15%, which can be many thousands of dollars annually.

Another Option: Innovative Plan G

A popular alternative for those who want to keep their lifetime of premium increases in check is the Innovative Plan G. This plan is currently offered by only one company. It acts like a High-Deductible Plan G the first 3 calendar years with lower premiums and then converts to a Plan G at the 1^st of the 3^rd calendar year. But all future price increases are based on that lower rate. As an added safety measure, the Deductible Discount Rider can be removed from the policy at any time prior to the deductible elimination date. (Effective the 1^st of the following month.) At that time the benefits will be that of Plan G at the current Plan G premium.

Thinking of Shopping for a New Policy?

It’s smart to check prices if:

-You’re on a Plan F and in good health

-Your current insurer has had large price increases

-You want to avoid being in a closed risk pool

Just keep in mind that underwriting applies unless you qualify for guaranteed issue. The carrier will run a prescription drug and health data check before approving your application. You can view sample health questions at www.hiattagency.com

A Word of Caution

Recently, two companies, Ace and Allstate, announced that they are exiting the Medigap market. If you’re already with either of them, you can keep your policy, but your risk pool is now closed. This could mean higher rate increases down the road.

*Author’s Note: None of my clients are on either of those plans because I had concerns with these companies being too new to the Medigap market. I recommend waiting until a carrier has at least 5 years of experience offering Medigap in your state.

*https://www.kff.org/medicare/issue-brief/key-facts-about-medigap-enrollment-and-premiums-for-medicare-beneficiaries/