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Long Term Care vs. In-Home Care – What’s Better For Your Loved One

January 7, 2022
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Living alone becomes challenging as you age. From illnesses and ailments to physical limitations that hinder your everyday lives – it becomes difficult to go by living your life normally without jeopardizing your health and safety. Hence, for more reasons than one, having support from family and loved ones becomes a must.

However, naturally, your family or any responsible loved one carries their own set of responsibilities. Juggling between job and family, not everyone has the physical or mental space and capabilities to look after and support the elderly. So for such people, there are nursing homes and long-term care facilities.

In fact, according to the US Department of Health and Human Services, the future of long-term care is quite significant. Estimated by the ongoing growth of the elderly population, by 2050, the number of elderly care services in any setting like long-term care, assisted facilities, and nursing homes will double from 15 million to 30 million.

Hence, the situation begs us to differentiate between the two options that are there for reliable elderly care. Which one is better and can provide optimum support for the elderly? Let’s find out!

Pros & Cons of In-Home Care

First things first, let’s take a look at the pros and cons of in-home care for the elderly as people usually think of this as their first and only option to provide optimum elderly care for their loved ones. However, it is not always the best option for everyone.

Benefits of In-Home Care

Your elderly loved ones can easily maintain and exercise their independence.

They are closer to the family and see their loved ones often.
A familiar and comfortable environment is set for them to be taken care of.
They have better control over their dignity and privacy in their homes.
They have better access to activities they enjoy and want to participate in.

Drawbacks of In-Home Care

Not every family prioritizes their elderly.
Living at home can be very lonely if everybody else is busy with other responsibilities of their lives.
Your elderly loved ones may isolate themself and have fewer socialization prospects.
It is difficult to take care of the elderly if they have a serious mental illness like dementia or schizophrenia.

Pros & Cons of Long Term Care

Now let’s take a look at the pros and cons of long-term care. This option usually doesn’t come up as a practical solution until the idea of in-home care fails. Although it has its own set of drawbacks, long-term care might still suffice as a better option for the best elderly care.

Benefits of Long Term Care

Someone will always be available to look after the elderly 24/7.
Caregiving staff ensures all medications are taken on time.
Long-term care facilities are equipped to deal with housekeeping needs, meals, and other personal care needs of the elderly.

Many facilities offer physical activities, outings, and plenty of socialization prospects.
Depending on your needs, you can choose a long-term care facility that specializes in elderly care of dementia and schizophrenic patients.
Your elderly loved one’s comfort shall never be compromised in a reputable long-term care facility.
Many long-term care facilities prioritize the need for outings and access to the outside world, so they have gardens within the property for the elderly to enjoy.
A long-term care facility can easily provide the optimum level of security and safety for your elderly loved one.

There are experienced and well-trained caregivers who prioritize their patient’s wellbeing before anything else.
Regular visits from doctors and other medical personnel ensure that your elderly loved one is in the best of health and in good shape.

Drawbacks of Long Term Care

The elderly might not feel as independent as they would at home.
They will have to adapt to a new, unfamiliar environment of group living.

Their privacy will be compromised.
Long distances can lead to less frequent visits from family and loved ones.

Bottom Line

Now that you have weighed your options for reliable elderly care, we hope that you will find making an educated decision easier for your elderly loved one. Still unsure of the right thing to do?

Let iWill Advisors help you out. At iWill Advisors, we offer an unbiased comparison of all your elderly insurance options. We specialize in educating Medicare beneficiaries on every available option to ensure you make the right choice for your needs.

For more information, call us at (954) 753-8080 today!

How to Choose Appropriate Medicare Options in South Florida

May 11, 2018
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Reaching sixty-five is quite the milestone, for more reasons than one. Now, you’re officially eligible to receive Medicare! While many may think that Medicare is a more affordable option, making the wrong choice or decision could actually be a high price to pay. It’s wise to consistently re-evaluate your healthcare needs from year to year to ensure that you’re still choosing the Medicare options in South Florida that are right for you.

If you’re looking for Medicare options in South Florida, contact iWill Advisors!

If you’re currently carrying Medicare Part D, then you’ll especially want to reassess your options every year, as your personal needs for medications may change. Other aspects vary as well, such as copays, benefits, and premiums. For those who are new to Medicare, it’s important to know that this particular coverage is broken down into separate parts. Medicare is not just one all-encompassing health care coverage option. There are many smaller decisions to be made, which can get somewhat confusing.

The basics are as follows:

Part A covers inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery and home health care.
Part B covers doctor visits, outpatient care, outpatient hospitals, durable medical equipment, and preventative care.
Part C is a private insurance option. Part C plans are offered through private insurance firms and approved by Medicare.
Part D covers prescription drugs.

As you can see, there are many different choices for Medicare health care coverage. When choosing a plan, the experts at iWill Advisors know how stressful and confusing this can be, which is why we help to guide seniors towards the path that best suits their current needs. Our expertise is especially helpful for those choosing Medicare insurance for the first time. If you’re searching through Medicare options in South Florida, please call today at (954) 753 – 8080. Picking the wrong choice could be an expensive mistake. Instead, allow the professionals to narrow down your search results, tailored to your needs.

How a Medicare Insurance Agency in South Florida Can Give Peace of Mind

May 7, 2018
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Choosing health insurance is by far, one of the most significant decisions a person makes in their adult life. Ensuring that you’ve selected a plan that will last you, fit within your budget, and cover all of your health care needs can be complicated. In fact, searching for health insurance can be downright stressful! Luckily, there is a Medicare insurance agency in South Florida that is giving many individuals peace of mind.

Find the appropriate Medicare insurance that fits your needs with a Medicare Insurance Agency in South Florida!

Money is a concern for all people and all walks of life. Financial constraints pertain to health insurance costs as well. Though Medicare is known for being more accessible, it doesn’t mean that one can buy health insurance without worrying about their bank account’s current state. In fact, many Americans decide most of their purchases based on how much they cost. Sifting through insurance packages and plans can be stressful, let alone when trying to pair them with an affordable price. At iWill Advisors, we help our senior clients quote Medicare options, ensuring that they feel comfortable and secure with their payments, deductibles, and more.

Additionally, choosing a plan that encompasses all of one’s needs can also be stressful. How can one truly understand all of the ins, outs, coverage, and non-coverage parts of insurance? Many Americans are not familiar with insurance the way the professionals at iWill Advisors are. We’ve helped many Florida residents understand their policies inside and out so that there is no confusion over what is covered and what is not.

At iWill Advisors, we work with companies such as United Health, Preferred Care Partners, United American, and more. Representing all of the major health insurance carriers led us to become one of the top trusted advisors in the state! We know the world of insurance, and we also know how important it is that policyholders feel good about their purchases. Instead of stressing over the details, allow our Medicare insurance agency in South Florida to guide you in the right direction. Call us today.

Will My Needs for Life Insurance in South Florida Change Over Time?

May 1, 2018
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Saving and investing throughout your lifetime will ensure that you can pay for many things along the way such as your childrens’ tuitions, housing, and retirement. Additionally, you will need to pay for insurance that helps to protect your assets. Many people may not realize that their needs for life insurance can change drastically throughout life, which is why it may be time to restructure or reconsider your life insurance in South Florida.

How Do Needs for Life Insurance in South Florida Change?

Younger people typically do not prioritize buying life insurance. Many are concerned about mounting student loan debt and do not want to incur any more debt. They invest in their 401k’s for financial security. In fact, many younger people put life insurance on the back burner for quite some time until they realize how valuable the protection of this insurance can be.

However, once families buy a home, things begin to change. Why? Home mortgages can be quite expensive and require a consistent monthly payment. However, these payments may be too much for one partner to share, should anything happen to the other. Then, children generally become the next phase of life, which substantially increases the needs for life insurance.

As we get older, we may have paid off our mortgage or decided to downsize. Life Insurance purchased to cover that home loan is no longer needed. As your coverage needs change, the experts at iWill Advisors will help you to decide if your life insurance is too little, too much or just right for your current circumstances. We represent all of the major national insurance companies, which means that we will compare and quote life insurance that works best for you. Give us a call today at (954) – 753 – 8080 to see if your life insurance in South Florida is ready for an update.

What to Know About Life Insurance in South Florida

March 25, 2018
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Insurance can be confusing, especially when comparing life insurance and annuities. Life insurance is meant to protect your family should anything happen to you, while annuity contracts are there to help provide consistent and reliable income for life. At iWill Advisors, we know how complicated this can be, as there is so much fine print to be aware of. Instead of choosing your path alone, allow experts with years of experience to help guide you to the best option. Many individuals aren’t entirely sure what they’re getting, but with the best advice in South Florida, we can help you compare and choose efficiently.

Call Today for Life Insurance Help!

There are many benefits to choosing life insurance. As mentioned, life insurance ensures that you are leaving behind financial assistance for your loved ones. When we think about passing away, we may have an overwhelming concern for the wellbeing of our families, especially if we’re the main caretaker and provider. This can be troubling. However, with life insurance, you can at least rest with ease in knowing that you’re setting your family up for a secure and safe future. On some life insurance policies, you earn interest. The benefit to life insurance is that it cannot be taxed. Another additional benefit is that it’s essentially like a bank account, where the money can be withdrawn.

Then, there are also benefits to annuities. Essentially, annuities are a contract, and through this contract, you agree to pay certain payments. There are different options, as far as paying it all up front or in small pieces. Then, the insurance company makes payments back to you at a later date. Sometimes these contracts last a certain time period, but at least those with annuities can confidentially say that they will always be getting paid a salary. This is generally the best option for those who are older, and want to ensure that their savings will last.

If you’re looking into life insurance and annuities in South Florida, then we encourage you to come talk with us. At iWill Advisors, we’re aware of how confusing this all can be, and we’re here to help our customers feel confident and sure of the choices they’re making. Don’t choose such important insurances alone. Instead, find peace of mind in our knowledgeable and friendly staff. Call iWill Advisors today!

Where to Find a Top Insurance Provider in South Florida

March 20, 2018
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When it’s time to shop around for insurance, the options available can be overwhelming. There are many types available today that are difficult to understand. Insurance in general is a tough topic for many individuals, especially if it’s not something you deal with every day. At iWill Advisors, our team of unbiased staff can sit down with you, and help point you in the right direction. It’s important to us that we understand the needs and financial limits of our clients. By knowing what you’re searching for, we can give you advice, as well as make the options less confusing for you.

At iWill Advisors, we represent many insurance carriers such as AARP, United Health, Care Plus, Humana, WellCare, SilverScript, Preferred Care Partners, Aetna, Coventry, United American, any many, many more. We also offer different services. Here are a few:

Medicare

Medicare is one of the most popular insurance options to date. Offering four branches within Medicare, there really is an option for almost everyone. At iWill Advisors, we offer comparisons from many different carriers to ensure that you’re receiving the best rate possible. Medicare includes Original Medicare, Medicare Supplement Plan, Part-D Prescription Drug Plan or Medicare Advantage Plan.

Long Term Care

Most of us all end up needing long term care at some point. As we get older, we may need to look into options for assisted living or nursing homes. Many individuals don’t know that Major Medical and Medicare do not cover these items, which can cause a rude awakening when it comes time to assess these pressing issues. However, there are many options for those in need.

Life Insurance

Life insurance is one of those insurances that is crucial to have, and for a number of reasons. The most unanimous reason is that life insurance ensures that your family members will be safe and secure, even after you passing. For those who are the major providers for their families, there may be some concern over home the family will survive. At iWill Advisors, we can help you look through your many choices.

If you’re looking for the best insurance provider in South Florida, iWill Advisors has you covered. We know that this is not an easy topic, nor is it straightforward. By hiring our unbiased professionals, we can assist you in making sure that you’re picking a policy that makes the most sense, while also making sure you’re getting the best deal possible. If you’re in need of insurance, please come and see us. This is not something to wait on.

What are my Medicare Options in South Florida

March 13, 2018
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Insurance can be a complicated topic, as everyone is looking for something different. With so many options, it can be difficult to know where to start, where to look, and to know what you’re ultimately looking for. At iWill Advisors, we provide some of the best quotes, comparisons, and advice.

Here are 4 Medicare options:

Original Medicare

Known as a fee-for-service program, this type of Medicare is linked with the government. Unlike other healthcare options, with Original Medicare, you are paid directly. There are also limits on what one can and cannot be charged with Original Medicare.

Medicare Advantage Plan

Unlike the above alternative, this option is linked to private companies. While Medicare Advantage Plans provide both Part A and Part B, there are many ways to use this insurance efficiently.

Medicare Supplement Plan

Also linked to private companies, Medicare Supplement Plan helps with paying deductibles, co-payments, and coinsurance. Original Medicare won’t cover these additional payments, so having this option available is useful. Another important piece is that this plan is not available to families, as it may only be purchased individually.

Part-D Prescription Drug Plan

If you or a loved one is need of constant medication, then this may be the best option for you. Medicine is expensive, especially if it’s being purchased frequently. Another way to decide that this may be the best choice for you is if you’re currently paying a monthly premium, co-pay, or annual deductible.

With so many options to choose from, you may find yourself extremely overwhelmed. Our professionals can sit down with and show you some of the most popular Medicare options such as Coventry, Silver Scripts, Humana, Wellcare, Aetna, and United American. When our clients attempt to look for options themselves, they end up feeling as though they aren’t sure which Medicare choice is right for them. There are many questions to ask yourself. You’ll want to decide what coverage options are best, which could be better, and what insurance options fit into your price range. Instead of dealing with the stress, call the experts!

At iWIll Advisors, we help people find Medicare options that work for them. With many years of experience and practice, we encourage those looking into Medicare to not go through this process alone. We have the knowledge you may need to make the best decisions for you and your family. If you’re looking for Medicare options in South Florida, please call us today!

5 Reasons to Have Life Insurance in South Florida

March 7, 2018
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When it comes to insurance, it can be tough to know what you’re getting and how much it covers you. At iWill Advisors, we know that many other individuals out there are looking for assistance on insurance. With extensive knowledge, friendly staff, and advice you can trust, it’s clear to us why we’re one of South Florida’s favorites. One of the most important insurances to have is life insurance. If you’re looking to acquire your own life insurance in South Florida, here are five reasons to have it.

PROTECTION

If you’re the primary caretaker for you family, then you’ll most certainly want life insurance. If anything were to happen to you, you’ll want to know that your family is protected and safe. When the main caretaker of a family passes, it’s essential that there is financial assistance to those they’ve left behind.

AFFORDABLE

The wonderful news about life insurance is that it’s actually very affordable. While we know that everyone has a different budget, there are options for all families.

RELIEVE STRESS

Many individuals wonder what will happen to their family should they pass away. Though the loss would undoubtedly be tough, at least you know that they are cared for. This takes away a large burden at the end of one’s life, and ensures that no matter what happens, their loved ones are going to be financially secure.

CASH VALUE

Permanent policies for life insurance ensure that your loved ones can use the money like cash. This is extremely beneficial for family members, as they’ll be able to buy, pay, and invest in necessary needs.

At iWill Advisors, we’ll sit down with you and review your needs. Once we have a general understanding about what you’re looking for, we can help you pick the best life insurance policy for you. There are many different options, but with trusted advisors on your side, you can rest easy knowing that you picked the best. It can be scary to choose life insurance, as it’s not a simple coverage. In fact, it may be the most important insurance you’ll ever own. That’s why we offer years of experience and service to assist individuals with all of the their insurance questions, concerns, comparisons, and needs. If you’re looking for life insurance in South Florida, don’t go through the search alone. Call the experts today!

3 Senior Healthcare Living Solutions in South Florida

March 2, 2018
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Did you know that almost 20% of America’s GDP goes towards healthcare? That’s a large percentage! Heath care is a common topic, especially in today’s world, and the options certainly haven’t gotten easier. Another downside to health care is that it’s incredibly expensive, leaving many seniors frustrated and stuck. At iWill Advisors, we work with clients to help them sort through their options. We know that as a senior looking into health care solutions, you may feel overwhelmed. If you’re looking for senior health care solutions in South Florida, here is the top 3:

MEDICARE

Run by the government, this is an insurance option for those who are at least 65, and have worked full time for 10 years or more. The interesting part of Medicare is that it has four different options. Part A, Part B, Part C, and Part D. Part A is the most commonly used, as it covers the basics such as hospitals, hospice, nursing facilities, and more. Part B covers any outpatient needs such as doctor visits, surgeries, medical equipment, lab tests, and more. Part C, or Medicare Advantage, is owned by private companies. Because they are owned by private companies, the costs can vary. Part D helps cover prescriptions.

MEDICAID

As opposed to the alternative above, Medicaid is run by the state, and only somewhat funded federally. Because this option is financed at state levels, each state has their own terms and rules. Hiring a professional like iWill Advisors is helpful, as we can help you sort through your state’s version. This is generally an option for those who have spent most of their money. Medicaid will then help pay for nursing homes, hospice, at home services, and more.

PRIVATE INSURANCE

This option is available through private health insurance companies. Often times, employers will have this type of insurance for their employees. The downside to private insurance is that it can be much more expensive. They are also more selective than other insurance options. The upside to these insurances is that they cover what Medicaid and Medicare don’t, such as co-pays, deductibles, and more.

If you or your loved one is looking for senior health care solutions in South Florida, iWill Advisors may be the best option for you. We know how stressful finding health insurance can be, especially with the outrageous prices, the confusing terms, and the plethora of choices. Make sure you’ve made the right choice and call iWill Advisors today.

Do I Need Life Insurance In South Florida?

February 26, 2018
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At iWill Advisors, we want to help people make the right decisions. With extensive knowledge about insurance, pros and cons, dos and don’ts, we pride ourselves in being able to offer clients top-notch advise. We understand that insurance can be confusing, especially for those who are newly looking into different avenues. One of those avenues may be life insurance. If you’re looking into Life Insurance in South Florida, here are a few benefits to making sure that you have it:

PROTECTION
One unanimous benefit to having life insurance is that your family and loved ones are protected should anything happen to you. If you provide for your family or children, and pass away, it may leave behind troubling trauma for those you love. There are many life necessities to pay for, and without life insurance, your family may be left without protection, forced to fend for themselves.

STRESS FREE
Life insurance assures that your family will be provided for, even if you are gone. For many this can give great relief. The uncertainty that comes with death is overwhelming, but knowing that they have financial stability is extremely helpful and leaves you with less worry.

OPTIONS
Life insurance offers many options, such as 10, 20, or 30 year life insurance terms.
There is also an option for permanent life insurance, lasting throughout life.

TAXES
One of the greatest advantages to life insurance is that it cannot be taxed. That means that as the value continues to rise, taxes will not be able to remove anything that has been accumulated.

CASH OPTIONS
Permanent policies offer cash value life insurance. This essentially means that in time, this life insurance can be used as income, buying, investing, and paying off bills. This could be extremely beneficial for your family, especially as time passes.

AFFORDABLE
Many individuals think that life insurance is expensive, however, life policies are extremely affordable for almost anyone. At iWill Advisors, we can assist in finding you a life insurance that makes you comfortable, and payments that you can handle.

There are many options for life insurance, and we understand that the process is a complicated one. However, knowing that your family is safe and secure throughout life, even after a premature departure, gives everyone peace of mind. Nothing feels better than knowing that your family is cared for, and if you’re interested in life insurance in South Florida, please come see us. We can work with you to determine what options out there are the best options for you, leaving you peaceful about the years to come.

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