With rising interest rates, an uncertain economy, and high inflation, many advisors may be worried about their prospects for enhancing the financial performance of their practice. Two industry veterans offer suggestions to tackle this challenge and make 2023 successful.
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A heightened focus on affordability is among the seven health and well-being Trends to Watch in 2023, Business Group on Health announced
Insurance leaders in 2023 will navigate turbulence not seen since the 2008 financial crisis, according to a predictive analysis from Forrester.
How do financial professionals incorporate conversations around the risk of long-term care into their planning?
Ways to give clients peace of mind without paying a high price.
Nearly half of individuals who apply for traditional long-term care insurance after age 70 are denied by an insurer, according to the American Association for Long-Term Care Insurance.
Agents selling long-term-care insurance (LTCI) have witnessed several important developments recently, including, in some cases, a reduction in new business premiums for the first time in many years.
During November, which is Long-Term Care Insurance Awareness Month, financial professionals will share the message with clients and prospects that obtaining LTCi can help cover the cost of care which the majority of seniors are expected to need.
The rising costs of long-term care affect caregivers as well as care recipients.
Seventy percent of people over the age of 65 will need some form of long-term care in their lifetime—yet very few people realize how expensive care can be and what it will take for them to pay for it.
NEW YORK, July 20, 2022 /PRNewswire/ — On a mission to improve the aging-at-home experience, insurance product and solution innovator, HCG Secure, today…
It’s that time of year for older adults looking to find a Medicare managed care or prescription drug plan for 2023.
Medicare helps pay for a variety of medical costs. But there are many expenses– like co-insurance, co-payments and deductibles– that basic Medicare does not cover. Medigap– or a Medicare Supplement Insurance– is a separate plan supplied by private insurance companies…
If you’ re celebrating your 65th on Nov. 15, for example, your initial enrollment window runs from Aug. 1 to Feb. 28, 2023. “Three months before your 65th, take a look at your employer’ s insurance and compare it with what you’ ll be paying for traditional Medicare and a Medigap policy or a Medicare Advantage plan,” said Kathy Sarmiento, SHINE Medicare/Medicaid counseling…
Medicare Advantage plans, health policies from private insurers that provide benefits beyond basic Medicare, have been expanding briskly across the nation, and especially in Florida. Demand for Medicare Advantage PPO policies in Florida "is growing like a weed," said Kathy Feeny, president of Florida Blue Medicare, the local division of Blue Cross Blue Shield.
Consumers are bombarded with misleading advertising for Medicare Advantage and other health plans. Insurance regulators are taking action to identify and combat the improper marketing of these health plans.
The Inflation Reduction Act, passed Aug. 12, includes a sweeping overhaul of prescription drug pricing regulation. Who will benefit from this and who will not?
TV ads and other marketing techniques have paid off for supplemental Medicare insurance providers. Agents surveyed said Medigap policies they’ve sold remain on the books for nine or more years.
Health insurance agents who serve the senior market will soon begin their training for Medicare’s Annual Election Period. Many of the general rules governing Medicare remain the same, though some plans and benefits will change.
An independent survey of more than 1,000 Medicare beneficiaries reveals an enrollment process that is unjustifiably overcomplicated, outdated and, once enrolled, beneficiaries do not fully understand their plans.
