Insurance Products

Senior Health Specialists offers a variety of products to help you get the coverage you need. Learn more about the insurance products and various options available by calling one of our Agents today.

Consider these facts in deciding if Medicare Supplement insurance for hospital and medical coverage is right for you:

  • Medicare Supplement policies may cover all of your co-insurance and deductibles.
  • Medicare Supplement policies may cover health care bills not covered by Medicare.

Click here for a Medicare guide on choosing a Medigap policy from the Centers for Medicare and Medicaid Services

An annuity is a contract regarded as an investment with an insurance company. Annuities provide opportunities to liquidate accounts in the form of systematic payments. Annuity payments can be received over a specific number of years, in a lump sum or in guaranteed payments for the rest of your life. Withdrawals are also available, but may result in a surrender charge.

Health insurance minimizes the risk of financial loss due to illness and injuries. High quality individual health insurance plans can be purchased to meet short- and long-term needs. Depending on the policy, coverage includes: Depending on the policy, coverage includes:

  • Physical exams and health screenings.
  • Prescription drugs.
  • Hospitalization and emergency care.
  • Vision care.
  • Dental services.

Life insurance offers peace of mind as it relates to the equitable distribution of assets to heirs; providing ready funds to pay estate taxes and settlement costs without the delay and costs of probate; and by furnishing a significant increased cash death benefit to beneficiaries.

Life products offer specialized options to help protect and manage your estate.

  • Term Life Insurance is relatively inexpensive and provides a tax-free death benefit to your beneficiaries with coverage for a fixed period of years (5, 10, 15, 20 and 30) depending on your age at the time of purchase. Term life does not accumulate cash value.
  • Final Expense or Simplified Issue Whole Life Insurance helps pay for final expenses upon death. These plans usually provide up to $25,000 to $30,000 in benefits and often do not require medical examinations. However, issuance of a policy is often not guaranteed and may depend on answers to questions set forth in an application.
  • Whole and Universal Life Insurance accumulates cash value and earns interest, income tax-free while providing an income tax-free death benefit to your beneficiaries. If an emergency arises the insured has access to these funds by borrowing against the acquired cash value or by asking for a partial surrender of these values.

Long-Term Care (LTC) refers to extended care or services for people with disabilities or long-term illnesses. What you may not realize is:

  • Medicare will NOT cover most of these types of services
  • LTC Insurance plans are not just “nursing home policies” anymore
  • LTC Insurance policies now typically cover nursing homes as well as home health care, assisted living, and adult day care
  • These options empower you to choose where you want to live and receive care — control when you and your family need it most!

Medicare Part D is the federal government’s prescription drug program that covers both brand-name and generic prescription drugs at participating pharmacies in your area. The coverage is available to all people eligible for Medicare, regardless of income and resources, health status, or current prescription expenses. Medicare prescription drug coverage provides protection for people who have very high drug costs.

Because…

  • You deserve help with your prescription drug bills.
  • Everyone on Medicare is eligible for Part D Prescription Drug Coverage.
  • The cost of coverage may increase the longer you wait to enroll.

Consider these facts in deciding if a Medicare Advantage Plan for hospital and medical coverage is right for you.

  • Medicare Advantage Plans may cover costs & services not covered by Original Medicare.
  • Medicare Advantage Plans may have lower deductibles & co-payments than Original Medicare.
  • Medicare Advantage Plans often have low premiums — plans with monthly premiums as low as $0 may be available in your area.
  • No health questions asked. All Medicare beneficiaries, including people on Medicare due to a disability, are guaranteed acceptance regardless of health conditions (except End Stage Renal Disease)

Short Term Medical Insurance can provide you some peace of mind knowing that you have medical coverage for unexpected events. Medical costs can be unmanageable and can leave you in debt. These plans are very affordable. Short term medical plans are designed to give you coverage in between jobs or while you make a decision on other coverage. They aren’t compliant with the Affordable Care Act so you may still be assessed a penalty for not having creditable coverage. Maximum coverage levels can be substantial enough to cover major medical expenses such as emergency surgery and extended hospital stays.

Click here to learn more.

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