- Auto InsuranceMost people probably think of automobile insurance when State Farm crosses their mind, but this multifaceted insurance company offers Medigap plans, too! With 24/7 customer support and a wide offering of standardized plans, State Farm may be the perfect choice for seniors on the hunt for Medicare supplement insurance.
- Life InsuranceEverything costs money, so having a dependable income throughout retirement will benefit you in more ways than one. Plan early to ensure you have the means to lead the lifestyle you desire. Make sure you’re prepared for future expenses by considering things like long-term life insurance. And, don’t forget to speak with a financial advisor for some expert advice on securing your assets. Once you have a solid plan, you’ll be set for aging in place with a little extra peace of mind.
- Health InsuranceMedicare is government-provided health insurance for people who are 65 and older. While it’s a valuable healthcare resource for seniors, it’s important to understand its limitations and the areas where it falls short. By being aware of what Medicare doesn’t cover, you can plan accordingly and explore alternative options to fill those gaps in coverage. Here are 5 things Medicare does not cover.
- Disability InsuranceSocial Security Disability Insurance (SSDI) is a type of government benefit administered by the Social Security Administration. SSDI benefits are paid monthly to provide relief to people whose ability to work has been significantly impaired by a physical or mental disability.
- Long Term CareOne of the most significant gaps in Medicare coverage is long-term care. This means that residing in a nursing home or an assisted living facility is not covered. If the possibility of needing long-term care in the future concerns you, then you’ll need to explore other options like long-term care insurance or personal savings.