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
Variable annuities are types of annuities whose value is linked to the performance of an investment portfolio. There are many different variations of your investment portfolio — it could have equities, bonds, or an alternative investment or combination. Payments from your annuity will grow or drop according to this portfolio. While variable annuities may provide higher returns than fixed annuities, they don’t guarantee a payout.
Variable annuities can be complicated. The agents at Cornerstone Senior Advisors are here to provide clarity so you can determine if this product is right for you.
A variable annuity is a contract where you buy the ability to get an income stream for a set time period or for your life. The money you pay is allotted to an investment portfolio. You may be able to choose a predetermined portfolio that coordinates with your risk tolerance, time limit, and investment goals.
If the portfolio performs well, payments from the annuity can increase. If the portfolio loses money, payments can decrease.
When you buy a variable annuity, you’ll have many choices for investing the funds in your portfolio. The options may include money market funds, stock mutual funds, bond mutual funds, stable income value mutual funds, and other investments.
There will be two phases with a deferred variable annuity. If you defer your annuity, you’ll start receiving income payments at a later time. If your variable annuity is organized also as an immediate annuity, there won’t be an accumulation phrase.
The value can increase during this phase. You make an initial deposit to buy the annuity. Then you may identify how you want to invest your funds. Your investment could be divided among the different sources of income (that we listed above). Over time, your funds will increase or decrease based on the performance of what you invested.
Also called the distribution phase, this is when you can receive your funds either as a lump-sum or as a flow of variable payments. You can specify how long the payments will last.
There are certain benefits and risks with any investment. Consider the benefits that variable annuities offer:
Variable annuities aren’t the only annuities you can buy through our insurance agents. If you prefer an alternative, ask us about fixed annuities and indexed annuities.
See how an investment today can supply guaranteed income for life. Call (316) 260-3331 to buy an annuity through Cornerstone Senior Advisors.