How to determine which Medicare plan is right for you!
When it comes to choosing a Medicare plan, you have several choices. This is a good thing
Medicare is a national health insurance program for folks who are 65 or older, certain younger people with disabilities, and those with end-stage renal disease.
If you’re turning 65 soon, you’ll have some critical healthcare decisions to make.
Known as Medigap Plans, Medicare Supplement Plans fill in the “gaps” of medical costs that aren’t covered by Original Medicare, such as coinsurance, copayments, and deductibles.
Medicare Advantage Plans, or Medicare Part C, can be used to substitute Medicare Part A and B, as well as offer prescription drug coverage.
Medicare Part D is coverage for prescription drugs that you get from a retail pharmacy. With this program, you can access medications at more affordable rates. Plus, it provides insurance against unfavorable drug costs.
It can be challenging to figure out which Medicare plan will fit your budget and healthcare needs. However, our agents specialize in Medicare, and we want to help you compare your options. Regardless of your budget, there’s a plan available for you!
Annuities are essentially financial cushions that help alleviate financial concerns. An individual will pay an insurer a certain amount of money, and in return, the insurer will pay the individual back with a lump sum or through payments at a later date.
Medicare can be confusing and overwhelming. At Cornerstone Senior Advisors, we walk people through the process of Medicare every day to find the right plan at the right price.
At Cornerstone Senior Advisors, we specialize in helping you find the best Medicare supplement for YOUR needs. If you have a question, comment, or concern, we want to hear from you!
There are a few ways to get in touch. You can fill out the contact form, send us an email, or call our office.
As independent insurance agents, we have acquired an abundance of knowledge, and we’re eager to share this expertise with you in the form of articles and blog posts.
The Cornerstone blog covers a wide range of topics — from Medicare Advantage news to retirement planning tips, and much more.
When it comes to choosing a Medicare plan, you have several choices. This is a good thing
Indexed annuities are a type of annuity whose interest rates are connected to an equity index, such as the S&P 500. We often refer to indexed annuities as blends of fixed and variable annuities. They perform well when the stock markets perform well.
Like variable annuities, indexed annuities are complex, and they can be hard to understand. Don’t worry — our agents will simplify them for you.
Indexed annuities are less predictable than fixed annuities. The payment amount that you get will depend on the performance of a certain stock index, like Standard and Poor’s (S&P) 500. But even if the market does poorly, indexed annuities have a guaranteed, minimum return.
Indexed annuities have the chance of higher returns without the threat of losing your money. Other benefits include:
The amount of payments you receive will have a certain ceiling as well as a certain floor that they can hit.
Your index rate will be calculated depending on the provisions of your contract. The estimation may usually involve 3 elements:
According to FINRA, there are many procedures to measure the change in the index over the period you have the annuity:
Annual Reset – Compares the index shift from the beginning of the year to the end.
High Water Mark – Analyzes the index value at different points. Takes the highest values and compares it to the point at the start of the contract.
Point to Point – Compares the shift in the index rates at two predetermined points in time. It can be the start and end of the contract period.
Index Averaging – Some annuities average the daily or monthly value of the index.
Whether you’re interested in indexed, variable, or fixed annuities, Cornerstone Senior Advisors can help you decide what’s best for you. Call (316) 260-3331 for a quote or for more information.