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Medicare vs Medicaid
Medicare and Medicaid are regularly used interchangeably, but they are very different programs. While both were established by the U.S. government in 1965 to cover healthcare costs and are taxpayer funded, that’s about where the similarities end. Do you know the difference between Medicare and Medicaid?
What is Medicare Part B?
Many refer to Medicare as “alphabet soup”, and Part B is one letter of this. Medicare Part B is one part of Original Medicare, which is made up of Part A and B. While Part A is hospital insurance, Part B is medical insurance, covering doctor and outpatient...
What is Medicare Part A?
Medicare is made up of four parts: Part A, Part B, Part C, and Part D. Many people getting ready to start Medicare, even people already on Medicare, don’t know exactly what all these parts cover. Part A and Part B are referred to as Original Medicare....
What is Medicare?
Every day, an average of 10,000 people turn 65. After years of paying taxes, these people finally get the opportunity to sign up for Medicare. Medicare is a federal health insurance program, funded by the Social Security Administration, for Americans 65...
9 Ways To Pay For Long-Term Care Without Buying Insurance
Credit: Next Avenue When H. Frances Reaves, of Miami, had to place her parents in long-term care facilities in 2014 and 2015, she thought it would be a relative easy, at least financially. After all, her parents had bought long-term care insurance decades...
Can I Get Life Insurance on my Parents?
When a parent dies, the last thing a child wants to think about is how they are going to pay the bills. For many, this is a sad reality. There are many things that adult children might have to pay for after a parent passes, including: Income for the...
Does Suicide Void Life Insurance?
According to the American Council of Life Insurers, 99% of all life insurance claims are paid to beneficiaries. This leaves 1% that are not paid - are suicide cases apart of this? This raises the question, does a suicide void one's life insurance policy?...
What does Contingent mean in Life Insurance?
When the whole point of life insurance is to give money to your loved ones when they need it the most, you want to make absolutely sure the right people are getting the right amount. In order to do this, you must understand what primary and contingent...
Medicare Scams: How to Avoid Them
There are all different types of scams out there targeting various groups of people. One scam that specifically singles out seniors deals with Medicare. For scammers, Medicare is an easy topic because mostly everyone over 65 has it, meaning...
What is the Grandparents scam and how do I avoid it?
There are so many scams targeting the elderly, one of the most recent being the grandparents scams. This scam involves being called by someone posing as the grandchild of the victim and requesting money. In 2015, the FTC received over 10,000 family or...
