Insurance Archives | iWill Advisors

Understanding Long Term Care Insurance

July 5, 2022
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As we age, the likelihood of needing long-term care increases. According to the Administration for Community Living, there’s a 70% chance that people over 65 will require some form of long-term care services during their lifetimes.

While Medicare and Medicaid cover some long-term care expenses, they have strict eligibility requirements. That’s where long-term care insurance comes in. Let’s help you with understanding long term care plans.

What Is Long-Term Care Insurance?

Long-term care insurance is a type of insurance that helps cover the costs of long-term care services. These services can include things like in-home care, adult day care, and assisted living.

Long-term care insurance is designed to supplement the care that Medicare and Medicaid provide. It can help pay for services that those programs don’t cover, like personal care or custodial care.

What Does Long-Term Care Insurance Cover?

Most long-term care insurance policies cover a range of services, including:

In-home care
Assisted living
Adult daycare
Respite care
Hospice care

How Does Long-Term Care Insurance Work?

Long-term care insurance works by reimbursing you for covered expenses. You’ll pay premiums to your insurer, and then if you need to make a claim, the insurer will reimburse you for a portion of your covered expenses.

What Are the Benefits of Long-Term Care Insurance?

There are several benefits understanding long term care plans, including:

Peace of Mind

Long-term care insurance is an important tool that can help you maintain your independence and quality of life as you age. Unlike traditional health insurance, long-term care insurance is designed to cover the costs of extended care services, such as home health care, nursing home care, and adult day care.

This type of coverage can be a valuable asset if you are worried about the potential costs of long-term care. Long-term care insurance can help you to protect your assets and maintain your independence, giving you peace of mind as you age.

Financial Security

One of the biggest fears that people have is not being able to take care of themselves as they get older. No one wants to burden their family with the responsibility of taking care of them, and long-term care insurance gives you peace of mind knowing that you will be taken care of financially if you need it.

Long-term care insurance is protection against the high costs of nursing home care, assisted living, and in-home care. It covers both medical and non-medical services, and it gives you the flexibility to choose your own provider.

Choice and Control

When you have long-term care insurance, you can choose to receive care in your own home, in an assisted living facility, or in a nursing home. You can also choose your own provider, so you can be sure that you are getting the best possible care.

Long-term care insurance gives you the freedom to choose the care that is right for you, so you can age with dignity and independence.

Tax Benefits

Long-term care insurance can offer some tax benefits as well. Part of the premiums that you pay for long-term care insurance are often tax-deductible, and the benefits you receive from the policy may also be taxable.

Check with your accountant or financial advisor to see if you qualify for any tax benefits from your long-term care insurance policy.

Get a Long Term Care Plan in Florida

As you can see, there are many benefits to long-term care insurance. If you are concerned about the costs of long-term care, or if you want to maintain your independence as you age, long-term care insurance may be right for you.

If you would like to learn more this long term care plan in Florida, please look no further than iWill Advisors. Contact us today and we will be happy to answer any questions you have and help you find the right policy for your needs.

5 Things Florida Seniors Look for When Choosing Insurance Assistance

March 7, 2022
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If you are a senior in Florida and have a hard time paying your bills, consider applying for insurance assistance. Insurance assistance helps people who are having financial problems with their health insurance. For example, if you have an expensive medical condition and you can’t afford to pay for the treatment, you might be able to get senior insurance help in south Florida. Here are the things to consider when choosing a company for insurance assistance.

1. Lifetime Limits

The first thing you should look for is the lifetime limits. The limit is the maximum amount you can receive in benefits from the insurance assistance program. The limits vary by state and by the health insurance company. For example, in Florida, Medicaid has a lifetime limit of $2,000 per person and $4,000 per family. You might want to choose a company that will help you with your medical bills for the rest of your life.

2. Coverage

When you need senior insurance help in South Florida, consider how much coverage the company can give you on its health insurance plan. You might want to choose a company that offers good coverage with little or no deductible or copayment for services. If you are having a hard time paying your medical bills, it would be better to pay them completely by the insurance company rather than having out-of-pocket expenses over and above what is covered by the insurance plan.

3. Annual Deductible Amount

If your health insurance plan has an annual deductible, you might want to choose someone who offers higher yearly deductibles instead of smaller annual deductibles with lower monthly premiums. This means that the yearly deductible will be higher, and the monthly premium will be lower. For example, if your yearly deductible is $500 and your monthly premium is $100, it would be better if your yearly deductible is higher than $500 and your monthly premium is lower.

4. Coverage

When choosing senior healthcare solutions in South Florida it is important to check on the coverage. If the company’s health insurance plan does not cover all of the services you need, it would be better not to go for it. For example, if your health insurance plan does not cover colonoscopy check-ups, it’s better not to choose it.

5. Cost

It would be best to consider the cost of the premiums for their health insurance plans. If a company charges a higher premium for cheaper coverage, it would be better to charge a lower premium for higher coverage. For example, if they charge $20 monthly premiums with $100 yearly deductibles and $100 copayments, their coverage only covers 80% of the services you need instead of 100%. Choosing a company that charges lower monthly premiums with higher yearly deductibles and copayments would be better.

In conclusion, when you need senior healthcare solutions in South Florida, it’s important to compare the health insurance plans you’re considering to make the best decision. You can easily compare the senior insurance plans by reading through the company’s reviews and comparing them with other health insurance companies. Many websites provide comprehensive information about insurance plans that you can check.

For an easier comparison, feel free to contact us at iWill Advisors for all your queries.

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United American Insurance Carrier in South Florida Helps Seniors with Coverage Options

June 12, 2018
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There are many benefits to growing older. Studies show that the golden years really are golden! Senior are among the happiest group of people, especially when compared to their younger counterparts. Some of the perks typically include financial security and health care benefits. If you are a senior looking for a United American Insurance carrier in South Florida, consider calling iWill Advisors.

If you have questions about Medicare, let the experts at iWill Advisors Help. We are a United American insurance carrier in South Florida.

Medicare is a federal health insurance program generally for people age 65 or older who receive Social Security retirement benefits. Enrolling in Medicare is not as simple as turning 65 and automatically getting government-sponsored coverage. As it turns out, Medicare coverage can get pretty complicated. There are four main parts to Medicare, and they include Part A, Part B, Part C, and Part D.

Medicare Part A is also called inpatient or hospital insurance because it covers care in the hospital. Some of the costs for stays at skilled nursing facilities or home health care are also covered by Part A . Part A also covers hospice care for people who are terminally ill.

Medicare Part B is also known as medical insurance, because it pays for doctors’ services, outpatient care, and some other medical services that Medicare Part A does not include, like some types of physical therapy and occupational therapy and some home health care.

Part C is also called the Medicare Advantage plan. It is a Medicare health plan provided by private companies that contract with Medicare to offer you with all your Part A and Part B benefits. Many plans also offer Part D drug coverage. Premiums range by region and plan. Medicare Part D covers prescription drugs.

United American offers insurance for individuals and groups. iWill Advisors helps those who need insurance. iWill Advisors represents all of the major national insurance companies, as well as being a United American Insurance Carrier in South Florida. If you’re looking to acquire life insurance, group insurance, or medical insurance, the experts are waiting for you! Call 954 – 753 – 8080 to find the policy that best fits your needs.

Summer Safety Tips from a United American Insurance Carrier in South Florida

June 7, 2018
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Summer is almost here. For many people, warmer temperatures mean more trips to the beach, pool parties, and traveling for summer vacations. While warmer weather can mean big fun, safety should be your priority, especially if you are older. Follow these tips from a United American Insurance Carrier in South Florida.

We are a United American Insurance Carrier in South Florida that wants to help you stay safe

Follow these summer safety tips:

Stay properly hydrated. In South Florida, the summer heat can quickly cause dehydration when on the water or playing sports.
Protect your skin from the sun. Make sure you and those around you wear sunscreen. If you are going to be outdoors for extended periods, remember to reapply it to avoid sunburns and sun poisoning.
If you are on the water, always wear a life jacket. Do not substitute other flotation devices for life jackets.

Care and concern for its customers are what has helped make United American Insurance is one of the most widely-used insurance companies in the United States. As a United American insurance carrier in South Florida, iWill Advisors can quote prices and compare to other Medicare supplement plans.

Medicare enrollees face lots of choices. Choosing a Medicare plan can be complicated. We offer to help our clients understand Medicare and its multiple parts by explaining each section in complete detail so that you know what you’re actually purchasing. But the decision isn’t just financial; your health care needs often change as you age. As your needs change, you may want different coverage.

If you have questions about enrolling in a Medicare plan, call iWill Advisors today at (954) 753 – 8080 and learn how we can make this process easier. We are a United American insurance carrier in South Florida that takes pride in exceeding your expectations.

Where Can I Find a United American Insurance Carrier in South Florida?

May 30, 2018
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It can be challenging to find an insurance agency you can trust, and make a purchase. At iWill Advisors, we work with some of the top companies in the health insurance world, especially in Medicare. As a United American Insurance Carrier in South Florida, our company can help you quote their prices, while also comparing to others in the Medicare field.

Why Choose a United American Insurance Carrier in South Florida?

United American insurance is one of the most widely used insurance companies. Their dedication to impeccable customer service has made them a top choice for many, especially for those looking for quality prices alongside quality coverage. American United Insurance built their brand from the idea that each person is unique, and therefore in need of different policies and coverage.

At iWill Advisors, we offer the best of the best insurance carriers across the country. We know that choosing insurance can be confusing, which is why we assist our clients in narrowing down their options. We know each client has a different budget, life plan, and preference, which is why United American Insurance is so popular for so many. Regardless of your life’s needs, the professionals at iWill Advisors can help you find a package that meets all of your desires.

Not only does iWill Advisors help to guide, but we’ll also educate our clients on their policies from the inside out. Insurance is never easy to understand, which is why we offer to break down Medicare into its multiple parts and explain each section in complete detail so that you know what you’re actually purchasing.

Throughout one’s lifetime, the need for insurance changes. As a United American Insurance carrier in South Florida, it’s easy to see why so many choose this company as they offer a wide variety of coverage to suit many different needs. If you’re interested in purchasing or revising a life insurance policy, call iWill Advisors today at (954) 753 – 8080 and see how we can make this process easier.

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.

Why Should I Compare Life Insurance Quotes in South Florida?

May 4, 2018
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Many people consider buying life insurance as it provides a sense of security, purpose, and peace, but it often comes at a cost. Life insurance policies can range in prices, leaving many to compare life insurance quotes in South Florida. While some individuals simply choose quickly, others prefer to take their time and evaluate the options. The downside is that this may take some time as there are many different places to purchase life insurance. Is it worth it to compare quotes even if the process takes longer?

Benefits of Comparing Life Insurance Quotes in South Florida

The biggest benefit of comparing life insurance quotes is pricing. Comparing life insurance quotes can give you the flexibility and overall understanding of what options are out there, which are the most affordable, and which offer the essential key elements you want.

While this may seem like quite the task, the professionals at iWill Advisors specialize in helping thousands of people find their dream life insurance plan. With a team of experts, it’s much easier to narrow down the options, as we know what to look for. Not only will we shave hours off of your search, but we will also provide insight advice and direction, as this is a field we are quite familiar with.

If you or your loved ones are looking for life insurance, be sure to let iWill Advisors help compare life insurance quotes in South Florida. We know how complicated it can be to understand the ins and outs of life insurance. We represent all of the major national insurance companies, making us an excellent team for finding your perfect life insurance package. Allow our team of intelligent and experienced advisors to help you find the best insurance for you and your family. Call (954) 753 – 8080 today to speak with one of our life insurance specialists!

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 are the Medicare Healthcare Options in South Florida?

April 9, 2018
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In America, one of the leading conversations revolves around healthcare, it’s coverage, and it’s cost. As a senior looking for healthcare, we know that the search can be tiring and that scams are prevalent left and right. Luckily, the team at iWill Advisors is available to help guide you through the Medicare options in South Florida. We can help you to comprehend all of your available plans, their costs, and their fine print, from an objective and insightful point of view.

Medicare Options in South Florida

Medicare Part A and Medicare Part B

Together, Medicare Part A and Medicare Part B make up what is otherwise known as Original Medicare. Medicare Part A covers hospital care, hospice, nursing care, and healthcare. The premiums for Medicare Part A are based on how many Social Security work credits you have available. As for Medicare B, this option covers preventative care, outpatient care, doctor visitations, hospitals; and like Part A, some health care.

Medicare Part C

Also known as the Medicare Advantage Plan, private companies fund this particular option. While there are many different types of Medicare Advantage plans, a few of them include Health Maintenance Organizations, Private Fee-for-Service, Special Needs Plans, Preferred Provider Organizations, and more. Medicare Part C is often less costly than Part A or Part B. At iWill Advisors, we know that understanding pricing and requirements can be overwhelming and confusing. Luckily, the experts at iWill Advisors can assist you in finding the least expensive and most effective insurance plans available, so you don’t have to!

Medicare Part D

Medicare Part D covers prescription drugs. Medicare Part D can be paired with Original Medicare or Medicare Advantage Prescription Drug plan, yet both offer their own sets of benefits. Costs can vary from plan-to-plan, therefore, understanding the ins and outs are crucial before permanently choosing a Medicare insurance plan.

Medicare can be confusing, as there are multiple different aspects to consider such as copayments, deductibles, and coinsurance. At iWill Advisors, you can rest at ease knowing that our company is family owned and operated. We’ve been in business for more than forty years, giving us a vast array of knowledge and expertise in the world of insurance. Our family is important to us, and now, your family is important to us too. Don’t trust just anyone to give you advice on your Medicare options in South Florida. Instead, call the professionals who have become one of Florida’s largest health insurance agencies.

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