Short Term Medical Plans

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September 2019 Welcome We have an article on Long Term Care, I know you may not think it's important but I assure you after seeing my family go through a nursing home situation, you want to be in control.  Long Term Care Insurance is the way to be in control of your future. Ask me about Long Term Care Insurance or Life Insurance so you can protect your family from having to take on your late life debts. Another topic this month is the short term medical plans, these are as the name implies.  If you or a family member find your self without coverage or in between plans, this is a great way to go.  It's not a permanent solution, but far better than going without health insurance coverage. If you remember Brook Shields, she's our spokesperson for the month as it's life insurance awareness month ! Here's her PSA announcement on the subject !  Brook Shields Take care, Have a great September ! Matt & Michele Contact Us Michele & Matt Boland M & M Insurance Agency 11024 Montgomery Blvd NE Suite #261 Albuquerque, NM 87111 505-881-2638 info@mminsuranceagency.com Ask us about these Benefits! We don't just do Health Insurance. We do it all! JUST ASK about: Dental Vision Life Insurance Final Expense  Accident Insurance Critical Illness Long Term Care Long Term Disability Short Term Disability Group Insurance Annuities Pet Insurance JUST ASK me how I can help and I will get you pricing and benefits! We always appreciate your valuable feedback! We value our relationships and would like your opinion about our agency. Any suggestions? improvements? compliments? We would appreciate hearing from you. What's New This Month Don't Depend on Medicaid Coverage for Your Long-Term Care Needs Are you financially prepared to shell out $67,000 plus annually to cover future long-term nursing home care expenses? If not, perhaps you are expecting Medicaid to cover the cost of your long-term care needs? If you or your parents have this same expectation then read on to find out why this may not be a feasible plan. Read More Short-term Health Plans Skimp on Medical Payments A new report by the trade publication Modern Healthcare shows just how little short-term care plans spend on enrollees’ medical claims. The report found that the average paid out among the short-term plans was 39.2%. That’s a far cry from the 80% of premiums health plans are required to spend on medical care to comply with the Affordable Care Act. The figures shine a harsh light on just how little short-term health plan policyholders benefit from the plans they purchase. Here’s what you need to know about these plans. Read More Why You Should Review Your Designated Beneficiaries Annually When you apply for life insurance, or open a retirement account, you’ll be asked to name beneficiaries. This is an important step in financial planning. Failure to name beneficiaries can be a costly mistake, and one that can cause your loved ones a great deal of hardship after you’re gone. Here’s what you should be doing to avoid a potential mess should you unexpectedly pass away. Read More Articles from our Previous Issues The Keto Diet: Good or Bad for You? Why Disability Insurance Can Save You from Ruin Women Often Do Not Have Enough Life Insurance Congress, Administration Serious About Tackling Health Care Costs Why Final Expense Coverage Is So Important Social Security Scams Growing Invest Your Money or Buy Long-Term Care Coverage? How to Protect Your Home from Medicaid Seizure Coping with Alzheimers Disease Affordable Insurance against Accidental Death & Dismemberment