American Safe Health Advisors

Medicare Health Insurance / Medigap (Medicare supplement)

Medicare is made up of parts with each part providing a specific health care coverage. Your Medicare choice influences what coverage you receive along with the cost of your prescription drugs and other key health and wellness benefits. You should typically file for Medicare when you first become eligible, which is generally when you turn 65. You can enroll in Medicare during your Initial Enrollment Period, which starts 3 months before you turn 65 and ends 3 months after your 65th birthday.

Part A (Hospital Insurance):.Covers inpatient hospital care, skilled nursing facility care, home health care, and hospice care.

Part B (Medical Insurance): Covers doctor's visits, outpatient care, preventive services, and some medical supplies.

Part C (Medicare Advantage):.Offers an alternative to traditional Medicare (Parts A and B) by providing benefits through private insurance plans that are approved by Medicare.

Part D (Prescription Drug Insurance):.Helps cover the cost of prescription drugs.

Supplement to Original Medicare:. Medigap plans are designed to work alongside Original Medicare, not as a replacement. Medigap policies are sold by private insurance companies, but they are regulated by both federal and state governments. Medigap helps fill in the gaps in coverage by paying for out-of-pocket expenses like copayments, coinsurance, and deductibles that Original Medicare doesn't cover.

Affordable Healthcare Insurance

Health Insurance Marketplace provides individuals and families find and enroll in health insurance plans. It's a place where you can compare and purchase insurance plans from various private insurers, and depending on your income and other circumstances, you might qualify for financial assistance to help lower your premium costs. It offers financial assistance, such as subsidies, to lower-income individuals and families to help pay for health insurance premiums through the Health Insurance Marketplace. The mission is to insure that every American has access to comprehensive and affordable healthcare.

Hospital Indemnity

A hospital indemnity plan is a type of supplemental health insurance that provides a cash benefit directly to the insured if they are hospitalized for a covered illness or injury. Unlike traditional health insurance, which may have deductibles, co-pays, and other cost-sharing, hospital indemnity plans offer a fixed sum payment, regardless of the actual hospital bill. This payment can be used for a variety of expenses related to the hospitalization, including out-of-pocket medical costs, everyday living expenses, or other needs.

Life / Final Expense

Life insurance is a contract that provides financial protection to beneficiaries upon the policyholder's death. Final expense is a type of whole life insurance. Policies often have lower premiums. It helps cover expenses such as funeral costs, debts, and medical bills, making them more accessible for those on a budget. The payout from a final expense insurance policy can be used for any end-of-life expenses, not just funeral costs. Beneficiaries can choose how to use the funds.

It helps prevent loved ones from having to pay for these expenses out of their own pockets. It provides a sense of security and helps reduce the stress and burden on family members during a difficult time.