Medicare Basics – Part B
Hyperlink to video on YouTube Channel
To get the most out of your Medicare coverage, it’s important to understand what the different parts of the Medicare program provide and what the cost is to you. The Medicare program consists of four parts: Part A – Hospital Insurance, Part B – Medical Insurance, Part C – Medicare Advantage, and Part D – Prescription Drug Coverage.
Let’s talk about Medicare Part B – Medical Insurance. Part B covers outpatient care like doctor visits and lab tests. The premium for Part B Medicare is determined by your income. The amount can change each year and you pay this premium monthly, even if you don’t receive any Part B services. You pay a Part B deductible once a year before Medicare begins to pay. Once you’ve met your deductible, you’ll pay 20% of the cost of any Medicare-covered services or items.
If you don’t sign up for Part B coverage when you first become eligible for Medicare, usually at age 65, your monthly premium could go up 10% for every 12-month period without Part B coverage. You’ll have to pay this late enrollment penalty each time you pay your premium for as long as you have Part B, and the penalty increases the longer you go without Part B coverage.
As you can see, there’s a lot to know about Medicare, so why not get some help with your Medicare plan? Call us today to make sure you get all the benefits from Medicare that you deserve.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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Why You Need Travel Insurance – Video
International travel can be an exciting, memorable introduction to new cultures and foods. But what if you have a medical emergency during your trip?
Original Medicare or Medicare Supplemental Insurance will cover little of the costs – if accepted at all – outside the U.S. Even corporate employer policies may not provide sufficient coverage to meet all your medical needs… or be accepted by a foreign medical facility.
Before your next trip, consider purchasing medical travel insurance to supplement your current medical coverage. We can help. An International Medical Travel Policy can provide the comprehensive coverage you need… and the peace of mind you deserve.
Whether you’re moving overseas or planning a long overdue vacation, an International Medical Travel Policy will give you access to elite overseas medical care – whenever you need it. Make sure that your medical coverage travels with you on your next trip out of the country. To find out how to purchase medical travel insurance, contact us today.
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Credit Report – How to Manage
You may be thinking about making a big purchase in the next few years, like a house or a car. If you’ll need a loan, know that prospective lenders will be checking your credit score. A good score tells lenders and others, like insurance companies, that you’re credit worthy, and it may help the terms you’re offered or the rate you’ll pay for the loan. Scoring systems are complex and vary among lenders, but here are some things they’ll consider:
– Do you pay your bills on time? Always pay your bills on time, as late payments could negatively affect your score.
– How many accounts do you have? A few established accounts tally in your favor, but too many can hurt your score.
– How long have you had credit? Your credit score relies on the number of credit lines you have open in good standing and the length of time they’ve been open.
– Are your accounts maxed out? Try not to carry balances of more than 50 percent of your credit limit on any account or it might lower your credit score.
Your credit report is a key part of many credit scoring systems. That’s why it is critical to make sure your credit report is accurate. You can order a free report each year from the three reporting agencies, Equifax, Trans Union and Experian. (Access them all at once on annualcreditreport.com)
To learn more about credit reports and managing your score, give us a call today.
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Loan Officer Marketing Video
Transcript:
Whether to own or rent is a difficult decision, especially during these challenging financial times. Speaking with a real estate professional can help you to make an informed decision about what’s right for you. Here are some key factors to consider.
Own your home and you can build equity… while your monthly rental payments do not. If you own your home, the interest portion of your mortgage payment may be tax deductible*, while there are no deductions for rental properties. And, when you own a single-family home, condo or co-op, there’s no landlord to access to your property, so you can enjoy a level of privacy that you don’t have with a rental. Own a home with a fixed rate mortgage, and you have a predictable cost, because the principal and interest payments don’t go up. But rent virtually always increases at lease renewal, often with no way to predetermine how much that increase will be.
Finally, home ownership provides a sense of pride, the ability to freely update your living space, and it provides stability… in contrast to the uncertainty and constraints of annual lease agreements. To find out more about the advantages of home ownership, call us today.
Line 4 Footnote – * Consult a tax advisor for information regarding deductibility of interest and charges.
Loan Officers, Medicare Insurance and Reverse Mortgage, Whiteboard Videos for Financial Advisors,
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Why You Should Get a Loan Officer
Video Transcript:
Deciding whether to refinance or buy has become a difficult choice, because there are so many available loan options. A licensed loan officer can help you make an informed choice and find a loan program that precisely fits your needs and budget. Whether you’re a first-time homebuyer, downsizing to a smaller home, or refinancing your current residence, we’ll act as your guide and help simplify the process. Our loan officers have deep industry knowledge, a familiarity with the community and access to an array of loan options.
That means they’ll be a constant resource for you every step of the way, answering questions, tracking the progress of your loan, delivering important documents and much more. From the beginning of the application process to final closing, our loan officers will be right there with you and ready to help. Buying or refinancing a home doesn’t have to feel overwhelming. Let our loan officers put your mind at ease, so you can feel at home with your mortgage. Call us today.
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Loan Officer Webinar – Marketing with Video
Loan Officers, Medicare Insurance and Reverse Mortgage – Video Marketing
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Reverse Mortgage and Inflation
Inflation has increased the price of just about everything, including buying a new home. For senior homeowners living in a home that no longer fits their needs, this is a serious problem. They have the option of selling their home and receiving an inflated return, but finding a new home when inventory is so scarce – and expensive – can take months.
With a reverse mortgage, senior homeowners can replace their traditional monthly mortgage payments with a lump sum or monthly payout, a line of credit or some combination… and still retain ownership. They can use the cash flow from the reverse mortgage to plan for aging in place and avoid withdrawing from their investment portfolio. And even though the current increase in interest rates means homeowners can borrow a bit less of the equity in their home, it is still more cost-efficient than moving.
But a reverse mortgage isn’t right for everyone, so it’s important that you fully understand the process before making a decision.
To find out more, call us today.
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Health Savings Account – Whiteboard Video
Video Transcript:
A Health Savings Account is a personal savings account you can set up to help lower your overall medical costs. An HSA account allows you to set aside pre-tax dollars for covered medical expenses like deductibles, copayments, coinsurance, and some others depending on the plan. HSA funds can be used at any time for a covered expense and contributions can be deposited and withdrawn tax-free.
You can contribute to an HSA if you’re enrolled in certain high deductible health plans or HDHPs. HDHPs usually offer lower monthly premiums, but you must cover more of the health costs out-of-pocket before the insurance company covers their share.
You’re not eligible to contribute to a Health Savings Account if you’re covered by Medicare or by an insurance plan that pays its share of a covered service without you paying a copay or deductible first. Some HSA plans even let you use HSA funds for covered medical expenses for spouses or dependents and let you roll over unused savings to the following year. To find out more about Health Savings Accounts, call us today.
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Medicare Annual Enrollment Period AEP – Video
When is the Medicare Annual Enrollment Period… and why is it important to you? The Medicare Annual Enrollment period runs from October 15th through December 7th each year. The Annual Enrollment Period is only extended beyond December 7th when FEMA declares an emergency or a major disaster in your area that would make sign up difficult.
Each September – before the AEP period begins – you’ll receive an Annual Notice of Change letter detailing the changes in your coverage for the following year. Being aware of the Annual Enrollment window is important, because it gives you the opportunity to reevaluate your current coverage and decide whether to change it. Any changes you make during the AEP go into effect on January 1st of the following year.
For example, you can switch from Original Medicare to a Medicare Advantage program that may provide additional coverage that Original Medicare does not. You also have the option to switch from one Medicare Advantage program to another for increased benefits. If Original Medicare coverage changes, you can even switch back to Original Medicare, or just update your Part D drug plan to take advantage of price changes in prescription drugs.
As you can see, there’s a lot to know about Medicare Annual Enrollment. To make sure you get all the Medicare benefits you deserve, call us today.
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Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
Medicare Marketing Videos
Video Transcript:
To get the most out of your Medicare coverage, it’s important to understand what the different parts of the Medicare program provide and what the cost is to you. The Medicare program consists of three parts: Part A – Hospital Insurance, Part B – Medical Insurance and Part D – Prescription Drug Coverage.
Let’s talk about Medicare Part B – Medical Insurance. Part B covers outpatient care like doctor visits and lab tests. The premium for Part B Medicare is determined by your income. The amount can change each year and you pay this premium monthly, even if you don’t receive any Part B services. You pay a Part B deductible once a year before Medicare begins to pay. Once you’ve met your deductible, you’ll pay 20% of the cost of any Medicare-covered services or items.
If you don’t sign up for Part B coverage when you first become eligible for Medicare, usually at age 65, your monthly premium could go up 10% for every 12-month period without Part B coverage. You’ll have to pay this late enrollment penalty each time you pay your premium for as long as you have Part B, and the penalty increases the longer you go without Part B coverage.
As you can see, there’s a lot to know about Medicare, so why not get some help with your Medicare plan? Call us today to make sure you get the all the benefits from Medicare that you deserve.
To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.
Whiteboard Videos for Financial Advisors, Loan Officers, Medicare Insurance and Reverse Mortgage
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