Do Doctors Not Like Medicare Advantage Plans?
Blog Author: Todd LewisonMedicare Advantage plans (MA / MAPD’s) are one of the most common Medicare plan enrollments among seniors. As of 2023, Medicare Advantage plans have 30.8 million individuals enrolled, constituting over half (51%) of the eligible Medicare population. Given their popularity among older adults, ...
Does Medicare Cover Hospice Care?
Blog Author: John DemkoOriginal Medicare covers many medically necessary medical services that one would need; however, at the same time, Medicare doesn’t cover everything, and seniors may find themselves paying out of pocket or obtaining additional medical insurance to cover certain services. It can be challenging to ...
Should I Buy an Annuity in 2024?
Blog Author: Kari MelloneAre you wondering if now is the right time to purchase that annuity you’ve been considering? You are not alone, and timing plays a crucial role in purchasing and using an annuity as a wealth-building tool for future financial success. It affects your investment amount, potential gains, and the ...
What’s the Difference: Medicare Advantage Plans vs. Medicare Supplements
Blog Author: John DemkoWhen you are starting Medicare or reviewing your plan options during the Annual Election Period there is a lot to consider. One of the biggest decisions you will make is what type of Medicare coverage is right for you, with the two most popular options being original medicare with or without a ...
What is the Medicare Advantage Open Enrollment Period (OEP)?
Blog Author: Todd LewisonThe Medicare Advantage Open Enrollment Period (MA OEP), which occurs annually from January 1 to March 31, is a time for Medicare Advantage plan members to adjust their existing plan or switch back to Original Medicare. The changes permitted during this period are similar to the broader Medicare ...
Annuity Withdrawals: Strategies for Maximizing Income
Blog Author: Kari MelloneMaximizing your return is the goal of any investment, and annuities are no different. Making the most of your annuity investment requires not only a strategy grounded in planning and knowledge, but selecting the right structure for your withdrawals is imperative to ensure you have the best possible ...
What You Need to Know About Medicare Supplements in Minnesota
Blog Author: Todd LewisonWhen you turn 65 and start Medicare, there are several different ways to receive coverage. One of the coverage options is to supplement your original Medicare (Parts A/B) with a Medicare Supplement plan or Medigap policy. But what does that mean exactly? In this article, we’ll review what a ...
Tax Implications of Annuities: What You Need to Know
Blog Author: Kari MelloneAn annuity can be a great way to build wealth and prepare for financial success in the future. One of the most important factors to consider when choosing an annuity is the taxation of the profits you generate from this investment vehicle. Different types of annuities are taxed differently, and ...
When Should I Sign Up For Medicare?
Blog Author: John DemkoIf you are nearing Medicare eligibility, you are likely wondering when exactly you should sign up for your Medicare benefits. The answer to this question is sometimes more complex than one would expect. In this article, we’ll uncover the factors to consider when deciding exactly when you should ...
