February 11, 2017 Leave a comment
…. it’s great to hear results. Read more of this post
Life, Medicare & Long Term Care Insurance Specialist
May 6, 2015 Leave a comment
What is Long Term Care? Almost 70% of people turning 65 will need long term care at some point in their lives. Long term care is when we need help with two or more daily activities such as bathing, dressing, eating or using the bathroom. (i) Care can be provided in a nursing home, assisted care facility or at home.
Costs vary depending on whether the care is provided in our home, in an assisted living facility or nursing home. (Here is a helpful link to look up the cost of care in your area.) You’ll see nursing home costs are about double that of home care.
Doesn’t Medicare Pay These Costs? Don’t count on it. Part A covers skilled nursing care in a skilled nursing facility (not home care) under certain conditions for a limited time; and even then it’s usually related to a hospital stay and discharge. (ii) And, no, Medicare does not cover long term or custodial care. (iii)
So, How Would I Pay for This?
In the U.S., 10,000 people turn 65 daily. Most do not have the financial reserves or long term care insurance protection against what could wipe out your lifetime of savings and accumulated assets. Why not? Well,the three reasons why people defer obtaining a long term care policy are:
And So How Does Short Term Compare to Long Term Care Protection?
| Short Term Care
|| Long Term Care
Call me at (518) 346-2115 and we can review the 10 Yes /No eligibility questions and create your customized premium quote.
|Please visit and follow our Facebook Page.||Daniel G. Alcorn, a licensed and independent agent, represents licensed insurance companies in Massachusetts and New York. Dan may receive compensation for individual enrollments in Medicare Advantage, Medicare Supplemental Insurance , Medicare Prescription Drug or Long Term Care /Short Term Care plans.|
February 6, 2015 2 Comments
Who Is Eligible to Enroll?
What Does EPIC Cost?
EPIC has two plans based on your income.
What Are The Benefits?
For Existing EPIC Members – Annual Renewal Process
And, of course, if you have any questions about your Part D prescription drug coverage please don’t hesitate to call me at (518) 346-2115.
May 21, 2014 1 Comment
EPIC, (Elderly Pharmaceutical Insurance Coverage) is a New York State program for seniors administered by the Department of Health. It helps eligible seniors supplement their out-of-pocket Medicare Part D drug plan costs. Eligibility requirements are:
EPIC offers two plans, based on your income:
EPIC members are required to be enrolled in a Medicare Part D drug plan or a Medicare Advantage health plan which includes Part D. Enrolling in EPIC will give a member a Special Enrollment Period (SEP) to join a Medicare Part D drug plan. Medicare Part D provides primary drug coverage for EPIC members. After a Part D deductible is met, if applicable, EPIC provides secondary coverage for approved Part D and EPIC covered drugs. EPIC also covers approved Part D-excluded drugs such as prescription vitamins as well as cough and cold preparations after enrolling in a Part D drug plan.
You or someone you know may now be eligible for EPIC help. Download the EPIC Application and call me at (518) 346-2115 for assistance with submitting your request.
April 21, 2014 Leave a comment
The Elderly Pharmaceutical Insurance Coverage (EPIC) program is a New York State program for seniors administered by the Department of Health. It helps income-eligible seniors aged 65 and older to supplement their out-of-pocket Medicare Part D drug plan costs.
The New York State 2014-15 budget included the expansion of the program to cover the prescription needs of more seniors. Currently, the eligibility requirements for EPIC are capped at $35,000 for an individual and $50,000 for a married couple. These threshold will rise to $75,00 for an individual and $100,000 for married enrollees.
With these new thresholds you or someone you know may now be eligible for EPIC help. Until the Department of Health prints new forms, Download the EPIC Application and call me at (518) 346-2115 for assistance with submitting your request.