What Makes a Great Insurance Agent?

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What Makes a Great Insurance Agent?

When you are shopping for any type of insurance, you are going to want the help and advice of someone who understands the insurance business and who is truly interested in helping you protect yourself rather than making the most money. Unfortunately some insurance agents are in the business for their own benefit and will not tell you when you are paying too much or are buying insurance that you simply don't need. I am a former insurance agent, and I have seen the best and worst. This blog is about noticing red flags when it comes to sneaky insurance sales people and about finding the signs of a truly good agent.


Key Facts About Choosing Medicare Coverage

Medicare serves an important role for those approaching age 65 or beyond. As you approach retirement, you need to protect your access to healthcare more than ever. Take time to understand Medicare coverage before you have to make any selections so that you can make the right choices when the time comes. Here are a few things that you need to understand about Medicare coverage.

Understand The Timeline

Medicare insurance follows specific timelines. You can, and should, sign up for coverage a few months ahead of your 65th birthday. That initial window of enrollment closes a few months after your 65th birthday. If you're still working at a traditional job and carry health insurance through your employer, don't sacrifice your access to Medicare. Sign up for Part A, which comes without premiums. If you wait to sign up for Part A coverage in a later open enrollment period, you might face higher premiums for the premium-based portions of your policy.

Explore The Prescription Coverage

Medicare Part D covers prescriptions, but the coverage doesn't apply to all medications. Make sure you explore the details of Medicare D coverage, including which medications are included. Consider your current health conditions, any family medical history, and other key concerns as you decide whether Medicare Part D will meet your long-term prescription coverage needs.

Assess The Participating Physicians

Before you choose a Medicare plan, you should evaluate the participating physicians. Make sure that the care providers you see are covered under the plan. This allows you to retain your current care providers instead of having to seek other physicians. When you have an established medical history with a particular practice, it's easiest when you can stay there and rely on the treatment plan that's already in place.

Know What You Will Pay

As you start exploring your options, you need to compare the out-of-pocket costs associated with each policy. Each policy has its own limits for deductibles, co-pays, and co-insurance. Take time to weigh your long-term costs associated with the policy and compare those costs against any potential limits with a fixed income.

These are some of the most important things to think about when you're considering the potential for Medicare coverage. Explore your Medicare choices carefully, consider these facts, and discuss your potential options with your Medicare coverage supplier. They can provide you with the details you need to make the most informed decision possible.

Contact a local Medicare insurance provider to learn more.