Lapeira & Associates LLC Blog
Guaranteed issue rights allow you to enroll in a Medicare Supplement policy without having to wait to start receiving coverage for pre-existing conditions. If you do not qualify for an exemption, you must wait six months before your pre-existing condition is covered.
Cancer, cardiovascular disease, and asthma are all examples of pre-existing conditions. Medicare coverage is unaffected by pre-existing conditions, although Medigap coverage may be. Insurers may take longer to approve you for a Medicare Supplement plan if you have a pre-existing ailment.
Whole life insurance, which last expense policies are a form of, is intended to cover the costs associated with the insured person's death. There is a guarantee that neither the premiums nor the death benefit will ever go down after you've signed up for coverage.
The expenditures associated with items like a funeral, a memorial ceremony, embalming, a coffin, cremation, posting an obituary in numerous newspapers, and flowers might be covered by final expense insurance.
The Center for Medicare Advocacy aims to ensure that the Affordable Care Act (ACA) is fully implemented for seniors and persons with disabilities who rely on us. The Affordable Care Act (ACA) has already improved Medicare. Among other things, progressively addressing the Part D doughnut hole and giving certain free preventive treatments.
Despite the ACA's passage into law in 2010, several of its most significant provisions have recently begun to take effect.
In 2020, suicide ranked as one of the top nine causes of death for persons aged 10-64. Although life insurance may offer compensation for a suicide, various policies have distinctive restrictions limiting the number of benefits you can pay out.