| NYC Business Group
Understanding life insurance coverage is not always black and white like it may seem. The policy states that when the insured dies during their coverage period the beneficiaries will inherit payment from the insurer. Although it’s not always that simple, here are a few examples of the most popular coverages: • Term Life Insurance • Whole Life Insurance • Variable Life Insurance • Universal Life Insurance
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| NYC Business Group
Medicare is a federally owned and administered health insurance program that covers health costs for the low-income seniors under certain programs or parts: Part A, Part B, Part C (Medicare Advantage), Part D, and Medicare Supplement (Medigap). This time of the year (fall season) is your chance to enroll in Medicare or consider Open Enrollment.
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California is considering moving to a Single-Payer insurance System. Will other states follow?The bill does not include any details of how the state would pay for the multibillion program, instead simply declaring “it is the intent of the Legislature to enact legislation that would establish a comprehensive universal single-payer health care coverage program and a health care cost control system for the benefit of all residents of the state.”
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With continually rising health care costs, purchasing a Medigap insurance policy is an important personal decision that requires careful consideration. Every policy of the same type offers the same coverage, regardless of which insurance company you choose. Therefore, it's worth shopping around to ensure that you don't end up paying too much. The monthly premium is not the only factor to keep in mind, as some companies are notorious for rate hikes, and you may find yourself in an uncomfortable…
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Deciding when to enroll in a Medicare prescription drug plan is a big decision and we can help. When Should You Enroll in Medicare? I’m About to Turn 65 Eligibility: If you’re turning 65, now is the time to enroll in a Medicare prescription drug plan. Unless you plan on delaying enrollment due to employer coverage or are disabled, you need to enroll in a plan during your Initial Enrollment Period in order to avoid a late enrollment penalty. For three months before and after your 65th…
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