What Is Guaranteed Acceptance Life Insurance? Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a type of whole life insurance policy that does not require you to answer health questions, undergo a medical exam, or allow an insurance company to review your medical and prescription records.

Learn Indexed Universal Life Insurance Policy | Maximize Your Retirement Benefits

Are you considering getting an indexed universal life insurance policy but unsure of where to start? In this comprehensive guide, we’ll walk you through everything you need to know about indexed universal life insurance policies. What is Indexed Universal Life Insurance ? Let’s define what an indexed universal life insurance policy is. It is a type of permanent life insurance that combines a death benefit with a savings account that can accumulate cash value over time. The interest credited to the policy's cash value is linked to a specific stock market index, such as the S&P 500. This means that if the index performs well, the policyholder can receive a higher interest rate. The Main Advantage of IULs One of the main advantages of indexed universal life insurance policies is…

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10 effective medication management tips for seniors…

Follow these tips to help your aging parent prevent medication-related health hazards: 1. Review your aging loved one’s medications with their doctor. Write down the names and dosages of all medications they take and how frequently they take them. Include over-the-counter drugs, vitamins, and herbal supplements, too. If your parent sees multiple doctors, it may be helpful to write down who prescribed each medication and what it treats. Go over this list at your next appointment with your parent’s primary care doctor. The more information your loved one’s doctor has, the more accurately they can pinpoint any potential adverse effects or drug interactions. 2. Ask questions and read medication labels. If your parent is starting a new drug, ask the doctor questions, such as how and when to take it, and if it…

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Why Medication Management Is Essential For Seniors: avoiding medication errors…

You may have become used to seeing multiple bottles of pills or other medications on your aging parent’s cabinet or counter, but polypharmacy — the regular use of five or more medications — can pose a serious health risk to seniors. Each year, about 350,000 people are hospitalized after visits to the emergency room because of adverse, or harmful, drug events, according to the Centers for Disease Control and Prevention (CDC). Medication management is an important preventive measure to avoid potentially serious health hazards in seniors. Older adults often take multiple medications, vitamins, and supplements to treat different symptoms and health conditions, which can increase their risk of medication mix-ups. In some cases, these simple mistakes can become dangerous and even fatal. Other factors that increase the risk of health…

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How to Apply for Medicare Without Claiming Social Security…

THE SOCIAL SECURITY full retirement age is 66 for most baby boomers, and you receive a smaller monthly payout if you sign up at a younger age. Some retirees further delay signing up in order to qualify for monthly payments later in retirement. However, the Medicare eligibility age remains 65. So, if you want to wait until 66 or later to claim Social Security, you will have to sign up for Medicare separately at age 65. Here's what you need to know about signing up for Medicare before claiming Social Security: Social Security and Medicare are separate decisions.Some people are automatically enrolled in Medicare.Remember to sign up for Medicare on time.Signing up for Medicare after you missed the Initial Enrollment Period can trigger penalties.Beneficiaries who work can avoid the Medicare late enrollment penalty.Be…

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Medicare Out-of-Pocket Costs You Should Expect to Pay

MEDICARE PROVIDES  Valuable health insurance for individuals 65 or older and certain people with disabilities who are under age 65. But it also comes with complex rules and sometimes significant out-of-pocket costs. Here's what you can expect to pay for Medicare: Premiums.  Most beneficiaries pay the standard Medicare Part B premium of $134 per month in 2018. However, some Medicare beneficiaries pay different amounts. Medicare Part B payments are prevented by law from reducing Social Security payments, so some Social Security beneficiaries pay lower premiums because their Social Security payments have not increased enough to cover the current standard Medicare premiums. High-income retirees bringing in more than $85,000 ($170,000 for couples) pay higher Part B premiums, ranging from $187.50 to $428.60 monthly, depending on how high their income is. Most Medicare beneficiaries don't…

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Retirees Should Expect to Pay More For Prescription Drug Costs…

MEDICARE PART D HELPS retirees pay for their prescription drugs. But these prescription drug plans have a variety of out-of-pocket costs that vary based on the policy you select. Here are some of the medication costs you can expect in retirement. Premiums.  The average Medicare Part D premium was $41 per month in 2018, up 11 percent since 2015, according to a Kaiser Family Foundation analysis of Centers for Medicare & Medicaid Services data. However, premiums vary significantly based on the plan you select. Among widely available Part D plans, premiums ranged from $20 to $84 per month. Some Part D plans increased their premiums by more than $10 per month in 2018, and a few plans had slight decreases in premiums. Deductibles.  The majority of Medicare Part D plans (55 percent) have a deductible…

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What is a Discount Prescription Drug Card?

Agility Rx's discount prescription drug card is a FREE card available to those, uninsured or underinsured, to save money on all prescription medications. Instead of paying full price for prescription medication, Agility Rx card members can instantly save money when filling a prescription. Although the card can’t be combined with insurance, our card can help during high deductible scenarios and the Medicare Part-D donut hole. Our card has NO enrollment fee, NO deductibles, and NO activation fees. Agility Rx’s discount card covers all FDA approved brand-name and generic prescription medications. The card is also accepted at over 64,000 participating pharmacies nationwide, including most major chains and independent pharmacies. Additional Discount prescription Drug Plan Advantages. Unlimited use; card never expiresDeep DiscountsOver 64,000 Participating PharmaciesCan be use by all family members, friends,…

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Starting January 1st All Hospitals Must Publish Price Lists

New federal law that was announced in April states that in the New Year, hospitals must publish price lists online of all the services they offer. This should also make it easier for patients to access their medical records. Hospitals must publish public price lists under the Affordable Care Act, but with this new law hospitals are now supposed to make these lists available online. Every year these numbers must be updated so patients get the most accurate price. Rehabilitation centers, psychiatric hospitals, and critical access hospitals are also expected to put price lists online under this new law. Seema Verma, head of the Centers for Medicare and Medicaid Services, commented when the program was confirmed: “We are just beginning on price transparency. “We know that hospitals have this information…

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Prescription Drug Costs

The high costs of new drugs, as well as the dramatic price increases of some older and traditionally less expensive generic drugs, have thrust drug prices into the headlines. But what’s the full story? Today, we’re shedding some light on the cost of new drug coming to market, generic drug prices, and why drug coupons the picture. Cost of new drugs New drugs can cost a lot—both to Medicare and to the people who need these drugs. We found that Medicare and its beneficiaries spent about $5.9 billion for 75 new Medicare Part B drugs (those typically administered in a doctor’s office) in 2013. And nearly two-thirds of those 75 drugs had annual costs of more than $9,000 per beneficiary. Moreover, the annual costs of 20 of those drugs—most of…

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