Seniors Have Average Of 20 Different Medicare Supplement Insurers To Choose From From:
The 11,000 Americans turning 65 every day face multiple choices regarding their Medicare coverage. Those considering Medicare Supplement insurance in 2021 have an average of 20 different insurance companies to choose from. Choice is great but it can also be overwhelming, explains Jesse Slome, director of
the American Association for Medicare Supplement Insurance (AAMSI).  Picking the best Medicare option today can be daunting. There are so many variables that literally can vary from one Zip Code to the next.
The Association gathered data regarding the number of Medicare Supplement insurance (Medigap) companies offering Plan G policies in major metropo
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A significant savings opportunity when couples purchase long-term care insurance protection is about to disappear.
Insurance companies continually change how they price policies. At one time, insurers charged men and women equal amounts for identical long-term care insurance protection. Starting around 2013, this policy changed as insurers found that women were far more likely to need care and utilize the benefits. Today, women pay anywhere from 20% to 40% more than men.
As an inducement for couples to both purchase coverage, insurers have offered spousal or partner discounts. These typically amount to a 30% savings when both partners apply and are insured or 15% when only one spouse is covered.
The findings of a new study of long-term care insurance policy claims should be shared with married couples urges the American Association for Long-Term Care Insurance (AALTCI). With so many couples, there s often one spouse who is resistant, usually the husband, explains Jesse Slome, director of the long-term care insurance organization. This new information will help those who have doubts understand the significant consequences and the benefits of this important protection.
Slome was sharing data from a recently released study by Milliman Actuarial. When one spouse has a long-term care claim, the odds of a claim by the second spouse is four times higher than would normally be expected, Slome shared with a group of long-term care insurance sales professionals. Data comes from Milliman s Is Your Spouse Contagious study.
National Medicare Broker Directory Aids Seniors Seeking Local Advisors From:
Over 62 million Americans are currently enrolled in Medicare, with the number growing by 11,000 daily according to the American Association for Medicare Supplement Insurance (AAMSI). Medicare ain t simple and honestly it s getting more complex rather than simpler, declares Jesse Slome, AAMSI s director. Afternoon television today blankets consumers with ads for Medicare plan options and different medications many of which are for seniors on Medicare.
To assist consumers seeking information and options, the Association has enhanced visibility for the organization s online directory listing Medicare brokers for all 50 states. Most consumers come into Medicare from emplo
Congress mulls long-term care reform
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The crisis facing long-term care is getting the attention of the president and members of Congress, raising hopes among stakeholders that reform might be on the way.
Demand for long-term care has increased in recent years as the aging population grows, and a wave of baby boomers retire in coming decades.
But as of now, the long-term care system is failing to meet the needs of the current population. It s fragmented, expensive and often inaccessible for low-and-middle income aging adults and people with disabilities. While most people are cared for at home by unpaid caregivers, lawmakers have looked to expand access to home and community services covered by Medicaid, the largest payer of long-term care in the U.S.