What is Medicare Supplement insurance?
Medicare Supplement Insurance, also known as Medigap, is a type of private health insurance designed to cover some of the costs not covered by Original Medicare (Parts A and B). These costs can include copayments, coinsurance, and deductibles. Medigap policies work alongside Medicare to provide more comprehensive coverage, reducing out-of-pocket expenses for beneficiaries.
Benefits of Medicare Supplement insurance
Reduce your out-of-pocket expenses
Provides coverage that goes with you.
Ensures lifelong coverage, even if health issues arise
Lets you keep your doctor and visit any hospital -no network restrictions, no referrala required.
What are the four parts of Medicare and what do they offer?
Medicare Parts A and B are known as “Original Medicare.” Parts C and D are voluntary coverages.
Medicare Part A Hospital insuranc
Covers inpatient hospital stays, care in a skilled nursing facility, hospice care and some home health care
Medicare Part B Medical insurance
Covers certain doctors’ services, outpatient care, medical supplies and preventive services.
Medicare Part C Medicare Advantage
Includes benefits equal to Parts A and B. Offers additional benefits that vary depending on the company and plan you choose
Medicare Part D Prescription drug coverage
Covers many medications that are prescribed by your doctor or other qualified health professionals
Help protect your financial future with life insurance
Life insurance is a financial protection tool that provides a monetary benefit to designated beneficiaries upon the policyholder’s death. This benefit can help cover various expenses, such as funeral costs, outstanding debts, and living expenses, ensuring the financial security of loved ones and providing peace of mind.
What is life insurance and why do I need it?
Life insurance offers a way to provide for your loved ones. It pays them a sum of money that may help protect them from the financial impact of your passing. Life insurance can be an important aspect of retirement planning—helping bring peace of mind and financial security for your family.
How can life insurance help protect my family?
Life insurance can help protect your family’s future by providing funds to pay off debts and final expenses, replace lost income, and transfer wealth.
What type of life insurance policy suits me the best?
Finding a policy that’s right for your needs is easier when you know the types of life insurance that are available and what they’re designed to do. Answer some important questions when deciding which type and what amount of life insurance is right for you:
What do you want the insurance to cover?
What amount of coverage do you need?
How long will you need the coverage?
Life insurance offers several key benefits:
Financial Security for Loved Ones
Provides a death benefit to support your family and dependents in maintaining their standard of living.
Debt and Expense Coverage
Helps cover outstanding debts, such as mortgages, loans, and funeral costs, alleviating financial burdens on your family.
Income Replacement
Ensures your family continues to receive an income, covering daily living expenses and future needs like education.
Peace of Mind
Offers reassurance that your loved ones will be financially protected and supported in your absence.
What is long-term care insurance?
Long-term care insurance is a type of insurance designed to cover the costs of extended care services not typically covered by regular health insurance, Medicare, or Medicaid. This insurance provides financial support for services such as nursing home care, assisted living, home health care, and personal or adult daycare, helping individuals manage the expenses associated with chronic illnesses, disabilities, or other conditions that require prolonged care.
Who needs long-term care insurance?
If you prefer to live in your home for as long as possible, and you want to help protect your retirement savings, you may benefit from a long-term care insurance policy. Typically, Medicare doesn’t fully cover assisted care expenses, including custodial care, which is provided in nursing homes, assisted living facilities or at home.
70% of Americans over 65 expect to use some form of long-term
care services¹
Long-term care insurance typically includes several important features:
Comprehensive Coverage
Covers a wide range of services such as in-home care, assisted living, adult daycare, respite care, hospice care, and nursing home care.
Benefit Triggers
Activated when you are unable to perform a certain number of activities of daily living (ADLs) such as bathing, dressing, eating, or when you have a cognitive impairment.
Daily or Monthly Benefit
Provides a specified amount of money per day or per month to pay for care services.
Elimination Period
A waiting period before benefits begin, typically ranging from 30 to 90 days after a qualifying event.
Long-term care insurance offers several key benefits:
Financial Protection
Helps cover the high costs of long-term care services, reducing the financial burden on you and your family.
Access to Quality Care
Provides the means to afford quality care in various settings, including home care, assisted living facilities, and nursing homes.
Asset Preservation
Protects your savings and assets from being depleted by long-term care expenses, preserving your estate for your heirs.
Choice and Flexibility
Offers the flexibility to choose the type and location of care that best suits your needs and preferences.
Safeguard your family with supplemental health insurance
Safeguard your family with supplemental health insurance, ensuring comprehensive coverage beyond your primary health plan. This added protection helps cover unexpected medical expenses, reducing financial strain and providing peace of mind. With supplemental health insurance, you can confidently access the care your family needs without worrying about out-of-pocket costs.
Benefits of supplemental health insurance
- Be well-equipped to manage medical costs and out-of-pocket expenses that arise from unforeseen health events.
- Payments are made directly to you or a designated recipient.
- You can use your benefit payment without restrictions, covering anything from medical deductibles and copays to household expenses and groceries.
Additional health insurance coverage plan
Critical illness insurance
Critical illness insurance covers cancer, heart attack, stroke and end-stage renal failure. Plus, it can also cover conditions such as Alzheimer’s disease, blindness, paralysis, coma, transplant surgery/waiting list, amputation and deafness. We offer a variety of different coverage options, based on your areas of concern and need for specific coverage
Understand the risk of a critical illness diagnosis
- The risk of Cancer
- The risk of Stroke
- The risk of Alzheimer’s
Hospital indemnity insurance
Hospital indemnity insurance complements your existing health insurance plan by paying you cash benefits when you’re hospitalized due to covered accidental injury or sickness. Coverage options include a daily hospital stay, day one hospital admission, intensive care unit, emergency room visits and ambulance trips, among other choices.
How do I know if I'm eligible for supplemental health insurance?
Step one in obtaining supplemental health insurance is completing an application. Our underwriters will review your medical history to determine if you’re approved for a plan. Your premium amount will be determined by the amount of insurance coverage you request, your age, tobacco classification, and what type of policy you request
Call +1 ( 917 ) 498-6986
To learn what supplemental health plan you may be eligible for.
Why Health2life Insurance ?
Simplified application process
Our knowledgeable insurance agents/producers sit down with you in your home to understand your preferences and goals. They’ll provide you with simple, clear choices that meet your individual financial needs.
Service you can trust
Our agents/producers live in the communities they serve and travel to your home or business. Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims
Grow your retirement savings with Health2life annuities
Many people are concerned about whether their savings will last throughout their retirement. Health2life insurance annuities offer a solution to protect your retirement savings while providing an additional source of income during your retirement years.
Benefits of Annuities
- Financial stability—your principal remains protected from market downturns.
- Earning potential—grow your funds with traditional fixed and fixed indexed interest options.
- Tax-deferred growth on accumulated interest
- Multiple income options, including the assurance of lifetime income.
- Beneficiaries receive a death benefit.
How do I know if I'm eligible for an annuity?
Step one is scheduling an appointment with an experienced, licensed Health2life insurance agent/producer to determine if the proposed annuity will satisfy your investment goals and help meet your financial needs.
You’ll also be required to complete a suitability review to determine if the product is suitable for you based on your financial situation and objectives.
Types of Health2life annuities
Fixed Indexed Annuities
Guaranteed Lifetime Income Annuity
- With a Guaranteed Lifetime Income Annuity, you have the option to elect a predictable, guaranteed income stream for life, while still maintaining flexibility, control and access to your funds.
- The longer you wait to begin receiving your income payments, the greater your income payments may be.
- Plus, no fee is charged to the annuity’s account value for the lifetime income withdrawal benefit, meaning you will never experience a loss to your principal from either market conditions or fees.
- Other withdrawals during the early years of the annuity may incur withdrawal charges.
- Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus) provides the same opportunity to receive a guaranteed income stream for life, plus the option to receive a temporary increase to your lifetime income withdrawals if you’re certified as having a chronic illness, injury, or severe cognitive impairment. The money is there when you need it most.
Traditional Fixed Annuity
Experience fixed interest accumulation
Our Traditional Fixed Annuity enables you to grow your money through a fixed interest rate—on a tax-deferred basis.
Your principal is protected from any losses because the money in your annuity is not linked to any external market index.
Critical Illness Coverage
Health2life Insurance offers critical illness coverage with a lump-sum payment upon diagnosis, ensuring financial stability during your recovery.
Lump-Sum Payment
Receive a one-time cash payout upon diagnosis of a covered critical illness, providing immediate financial relief.
Comprehensive Coverage
Covers a range of serious illnesses such as cancer, heart attack, stroke, and more.
Flexibility in Use
Use the benefit payment for medical treatments, living expenses, or any other financial needs.
Income Replacement
Helps replace lost income if you are unable to work due to illness.