Monthly Archives: | August, 2017

3 Tips for Deciding Between Conventional and Short Term Care Insurance

In the last decade, short term care insurance has quickly grown to become a popular alternative to the more traditional care insurance plans. They offer similar benefits, helping to cover the expenses that come when you need assistance with daily tasks like bathing, dressing, and eating, or when you need more intensive types of care provided by assisted living facilities and nursing homes. But despite their similarities, there are some serious differences between conventional and short term care insurance options. Choosing a health plan can be difficult in general, but when comparing two similar plans, it can be extra difficult. We’ve gathered several of the ways these plans are different and how it might affect your decision. Price Vs. Function Conventional is significantly more expensive than short term care insurance, while offering many of the same services for up to an entire year. Deciding between price and function will likely depend on your own personal needs and medical history. If you are having trouble managing health care expenses, short term care insurance is a great way to feel comfortable. Qualification While conventional care insurance has a high barrier to enrollment — due to the high cost of extended coverage time

What You Should Know About Medicare

With the implementation of Obamacare, a new form of medical care has been introduced to the United States called Medicare. There are multiple parts to Medicare including Medicare part a, Medicare part b, Medicare part c, and Medicare part d. Currently, about 15% of the United States population, which equates to about 44 million people, are enrolled in this new Medicare program. This enrollment count is expected to rise to about 79 million by the year 2030. Since this new form of medical care is on the rise in the United States and does not seem to be going away, then there is no question that as a citizen of this country you should possess some form of information in regards to medicare. Only one in every ten beneficiaries relies solely on the Medicare program for their health care coverage. This is going to increase based on the statistics mentioned earlier, and if that is the case, if you are one of the ten not covered you will be very soon. Since this is the case, here are some facts that you should know about medicare and healthcare going forward in the future. Financial planning is not easy, and it