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Showing posts from August, 2016

Automatic Enrollment – Avoid Surprise Coverage or Charges

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Every day we rely on the knowledge and experience of experts to help us in our lives. We rely on mechanics to diagnose and repair that annoying whirling sound our car makes. We rely on meteorologists to forecast the weather so that we know how to dress for the day. We rely on pilots to safely get us to our destinations and home to our loved ones. The list is endless.In the specialized world we live, we would find it difficult to get through each day without the help and expertise of others. Working hand in hand, aided by the knowledge and skills of one another, our society is able to function efficiently and happily.When people are asked to name what is the most important thing in life, the majority will reply that one’s health is of paramount importance.This sentiment was echoed by Mahatma Gandhi who proclaimed, “It is health that is real wealth and not pieces of gold and silver.” As such, we do much to stay healthy and in doing so again we rely on the knowledge and experience of exp…

My Plan Is No Longer Available – What Now?

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My insurance company just sent me a letter that my Medicare Advantage Plan will no longer be available. What do I do now?This is not uncommon.  For many folks in the Philadelphia and Southern New Jersey area this issue has become all too familiar. You did your research, you picked a plan you felt worked for your situation, the plan may or may not have satisfied your needs and then one day in late September you get this wonderful letter from the insurance company that the plan you currently have is no longer going to be available.  For many the first thought is anger.  Why is this happening?  What am I supposed to do now? I have health issues, will a new company even take me?  Do I have any special rights?  When do I have to make changes?   Will this happen again?  My name is Gregory Gudis of BGA Insurance Group.  I am a licensed insurance agent and a Chartered Advisor for Senior Living®.  I am going to take a look at each of these questions individually.  Hopefully after reading my an…

Medicare Ancillary Products – Are You Covered?

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Now that you have enrolled in Medicare and selected a Medigap or Medicare Advantage Plan you may be wondering if you are completely covered and prepared for all that life has left to throw at you. Unfortunately, the answer is no. Even with the coverage, you have now there are still holes that leave you vulnerable to out of pocket expenses. The good news is that there are products available to fill in the remaining holes in your coverage.In the insurance business these products are known as Ancillary Products; however, these products are a lot more important than the name “ancillary” would imply. Ancillary products consist of the following: Dental/Vision/Hearing Insurance, Indemnity Insurance, Short-term Care Insurance, and Final Expense Insurance. Let’s take a closer look at these products and see why each are a necessary addition to your insurance portfolio.Dental, Vision, and Hearing, while arguably the most common forms of care sought by people both before and after retirement, are…