Should I Roll Over My 401K When I Retire?

July 9th, 2021|401K, IRA|

Newly retired persons should choose what to do with the money in their company-sponsored 401( k) plan. You can generally keep your 401( k) with your former workplace or roll it over into a specific retirement account. IRAs save the tax benefits of your 401( k) plan and offer you more investment alternatives. However, many situations make good sense to maintain your money in the 401( k) plan. Right here's just how to decide what to do with your 401( k) when you retire: You can begin 401( k) [...]

COVID vaccine in NYC. What do I need to know? What is next?

April 5th, 2021|COVID-19|

The most usual question we get in our office is "Should older adults get the COVID-19 vaccine?" The answer is "YES"! It is very important to get vaccinated, especially the older adults, because they are at the highest risk of being very sick or even dying from the CORONAVIRUS.  In New York, at this time (Mid-March, 2021), the vaccine is available to specific groups of people. All people over 60 years old are eligible to get the vaccine. The plan is to start vaccination of all other people who [...]

How to choose the best medicare plan

December 8th, 2020|Medicare, Medicare Advantage, Medicare Licensed Agent, Medicare Supplement Plan F, Medicare Supplements|

Selecting the Right Medicare Plan You desire Medicare coverage that fits the method you live and helps you achieve your health goals. With the ideal instructions, choosing your Medicare plan can be very easy. Ask us to assist you in finding the coverage that fulfills your total health requirements. Summary: In a nutshell, below are some tips for choosing the best Medicare Supplement (Medigap) to prepare for your needs. Comprehend your coverage requirements and budget plan Register throughout the Medigap Open Enrollment Period Explore any potential discounts Know when [...]

Medicare Annual Enrollment Period

October 13th, 2020|Medicare|

When to Apply for Medicare There are numerous times to enroll in Medicare, and each of those times has specific guidelines around applying and when coverage will begin. Comprehending when to enroll and the best time to do so is an essential part of getting Medicare. Preliminary Enrollment Period The Initial Enrollment Period (IEP) is the first time to sign up for Medicare and sign up with Parts A, B, C, and D throughout this time: 3 months before 65th birthday, Birthday month, and 3 months after the birthday. [...]

Medicare and Vision Coverage

July 14th, 2020|Medicare, Vision Coverage|

If you're a Medicare beneficiary trying to find Medicare coverage of routine eye exams or glasses, don't want Original Medicare, Part A, and Part B, for these advantages in many scenarios. Original Medicare doesn't cover routine vision care. Medicare Part A Medicare Part A covers vision care just when the vision condition is thought about a medical problem - as in a medical emergency condition or terrible injury when the beneficiary must be accepted to the hospital. Medicare Part A does not cover regular vision tests and eye refractions. [...]

EPIC vs. Extra Help. Am I eligible for both

June 17th, 2020|EPIC, Extra Help|

When you are eligible for Medicare, you might qualify for a couple of different Programs administered by State or Federal Government. Sadly, when you go to your local Social Security workplace or contact Medicare, no one tells you about it. Nobody advises you that such programs exist, and no one assists you to send an application. Generally, there are qualifications for any of these programs. Numerous people certify for these substantial cost savings and do not even know it. What is EPIC? The Elderly Pharmaceutical Insurance Coverage (EPIC) Program [...]

Who can get SSI and when?

May 26th, 2020|Social Security Benefits, SSI|

Supplemental Security Income (SSI) is a Federal earnings supplement program funded by basic tax incomes. Both adults and children can be eligible for this federal program if they meet the definition of disabled and have limited income and resources. It is designed to help aged, blind, and disabled individuals with little or no income. It offers cash to satisfy essential requirements for food, clothes, and shelter. Child Definition Under Social Security definition, a child is counted handicapped if the child's physical or psychological problems(s) is so extreme that it [...]

Can I still enroll in a Medicare Supplement Plan F, or is it going away? If so, what are my options?

May 11th, 2020|Medicare, Medicare Supplement Plan F, Medicare Supplements|

This has been one of the main topic discussions between agents and Medicare beneficiaries in 2020. According to legislation from the 2015 Medicare Access and CHIP Reauthorization Act (MACRA), insurance companies would no longer be able to offer Medicare Supplement plans F and C starting on January 1st of 2020. Does that mean that beneficiaries can no longer enroll in those plans? The answer is yes, and no! Before we answer that question, let us talk a little more in-depth about Medicare Supplement part F. Besides being one of [...]

ABC’s of Fixed Annuities

May 6th, 2020|Fixed Annuity|

DO ONLY BANKS GUARANTEE MONEY? The simple answer, NO! There are numerous products that, when our clients walk into a bank purchasing, walking out are NOT GUARANTEED! Like Mutual Funds, Stocks, Variable Annuities…the list goes on and on. So, what is a Guaranteed Money product Retirees, Pre-Retirees, and simply individuals who do not want to risk their money to the market, FIXED ANNUITIES? Fixed annuities have been around for over 100 years and probably will be around for another 100 Years.   ABC’S OF ANNUITIES So, what exactly is an [...]

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