- Health
- Individual / Group
- Medicare
- Disability
- Long Term Care
- Life
With the Affordable Care Act taking it’s toll, there are now fewer insurance companies that write health insurance and fewer policies available to sell. At Moreman Moore & Co, Blue Cross Blue Shield of Louisiana is their primary carrier. They’re expecting individual Insurance policies in 2017 to increase 28-40% as BCBS is projected to lose $200 million dollars that year. Luckily, group policies are only expected to see single digit increases. Consider yourself forewarned—Audit are on the rise as is the budget for conducting them! If you are an employer and you offer any type of group product you are required to have a wrap plan document. If you don’t, you will be heavily fined. J can take care of this document for you if you need one.
TYPES OF DISABILITY INSURANCE:
Individual
Group Long-Term Disability
Group Short-Term Disability
AFLAC type policies
Business Overhead Expense
Buy/Sell Disability
Key Man Disability Coverage
Part A: Hospital Insurance
Part A helps cover your care when you are admitted to a hospital or skilled nursing facility. It also helps cover hospice care and home healthcare.
Medicare Part B: Medical Insurance
Part B helps cover doctor’s visits and outpatient care. It also helps pay for services Part A doesn’t cover like some occupational and physical therapy services and some home healthcare. Part B also covers some preventive services.
Medicare Part C: Medicare Advantage (MA)
Part C covers everything Parts A & B cover. It often covers other services like wellness programs.
Medicare Part D: Medicare prescription drug plan
Part D is optional prescription drug coverage for people with Medicare. You aren’t required to have Part D.
Life insurance Options
- Term Life
- Whole Life
- Interest-Sensitive Whole
- Universal
- Variable Universal
Long term care insurance can be very expensive.
There are three ways to buy it:
- Traditional Long-Term Care Policy
- Permanent Life Insurance with a long term care rider
- Single premium Life Insurance with a long term care rider