Henry's Insurance Tips & News

18/02/2021

If 2020 left you short for cash, but you need to get a liposuction to treat an injury, or for some other health related risk, call your medicare provider.

You could be covered by your medicare provider.

Read more about the conditions here: https://www.healthline.com/health/medicare/does-medicare-cover-liposuction -conditions

17/02/2021

Partial hospitalization is a structured outpatient program in which a person can receive psychiatric services.

It provides treatment for people with mental health conditions that severely affect several aspects of their life, including:

social life and relationships, education, vocation and activities of daily living, but not recreational activities.

Did you know both Medicare programs cover partial hospitalization?

To read more about what your program can cover, and what might apply to you, read this interesting article: https://www.medicalnewstoday.com/articles/does-medicare-cover-partial-hospitalization-program -health-coverage

16/02/2021

An estimated 1 in 4 people aged 65 and older have diabetes and 1 in 3 have chronic kidney disease. Kidney disease is often a complication of diabetes.

Did you know that most medicare plans include visits with Dieticians?

You could review if you're eating well, or if you need to balance your diet out.

I just found out that Congress passed the bill in 2002, allowing many seniors get help with their diet.

Think about it, at the end of the day, you are what you eat. If you eat unhealthy, you can exercise for hours, but still be at risk of getting a health disease.

So, scout around your medicare plan, and get a visit with a dietician today!

15/02/2021

The best way to save on your life insurance is to not get whole life insurance it if you don't need it.

So, how do you know if you match the profile?

If you are trying to 1) use Whole life insurance as an investment strategy, 2) are young, 3) have debts higher than your monthly wage and 4) you expect these debts to stay or grow, you should look at term life insurance long before whole life insurance.

While life insurance is cheaper for younger people, the discount you get on term life insurance, combined with the fact you won't be paying the monthly payments until you die, will save you a LOT of money compared to whole life insurance.

Read more, and check if you don't apply for whole life insurance just yet here: https://www.businessinsider.com/personal-finance/people-who-definitely-dont-need-whole-life-insurance-2021-1

15/02/2021

Have you taken advantage of your insurance provider's good driver programs?

If you know you are a responsible driver, this is a great way to get a discount on your policy!

Geico offers a program called "Drive Easy", and Progressive offers a very similar program called "Snapshot". These consist of hooking up a small chip to your car, which will track how much you drive and how smooth you drive, and offer you discounts when you qualify as a good driver.

Progressive claims they have handed out $945 million in discounts, and Geico has no claims on its site, but surely many more insurance companies have a similar discounts program for good drivers.

So, what are you waiting for? Give your insurance provider a ring and ask what discounts programs they can offer you, and start saving your money!

15/02/2021

The factor that will determine the most about your life insurance price and coverage is the contract, so you should be sure you are reading it right.

Your financial goals and status will change with time, so you should be sure each of these parts in the policy align with your financial goals.

Benefits
Parties
Claims
Deductibles

To learn more read the article I found: https://www.forbes.com/advisor/in/life-insurance/how-to-read-a-life-insurance-policy-document/

15/02/2021

Did you know that you could be entitled to free glasses with your current medicare plan?

Generally, Medicare does not cover the cost of eyeglasses or contact lenses, although coverage for some items may be available after certain types of cataract surgery.

Both the Original Medicare and Medicare Advantage programs cover these glasses, and they both have their own conditions.

If you want to check if you qualify for this program, check this article out: https://www.medicalnewstoday.com/articles/does-medicare-cover-glasses

Some Medicare Advantage plans may offer vision care coverage, but original Medicare does not generally cover the costs of eyeglasses.