There's a number of things to think about while evaluating life insurance plans. The most important of these factors is to establish the overall amount of insurance coverage sought. Life insurance need can be the utmost of ones priorities once there are children in the home,  just one wage earner, or there is not adequate saved money to look after the subsister for just about any length of time. Term life insurance, Permanent life insurance, universal life insurance, variable life insurance, survivorship insurance; the list and combinations seem countless. Have you any idea which life insurance policy is the right one for you? At Jenmar Insurance Services, we are able to help. Our dedicated life insurance experts understand Florida’s market and regulations & may get the right plan or combination of plans for your specific requirements.

Term Life Insurance Basics:

• Insurance coverage for a term or period of your life
• Reduce premiums for any higher insurance protection
• Rates may change following specific terms expire.
• No equity cannot be used as cash value

Permanent Life Insurance Basics :

• Precisely like it says permanent, not for a specific period
• Insurance coverage goes with you your full life
• Can create equity and also have cash value
• Higher premiums than term life, however should be more beneficial in the future

Term & Permanment Life together :

• Develop lifelong base of whole life coverage
• Supplement specific periods of your life by way of term insurance

At what time to choose term life insurance?

Many people selecting term life insurance have a plan for long term assets and need specific insurance coverage for a period of their lives to watch over credit card debt, loved ones, & kids. for any individual with children it may make sense to use a term life insurance coverage to deal with the mortgage and income requirements, until their kids are old enough to make a living for themselves in this instance the term would expire around the instance your kids move out.

When to decide on whole life insurance?

Whole life insurance can be utilized in the retirement years as money wealth. It can offer equity for loans and have agreed on payments that don't escalate with time. Many times whole life insurance protection can pay dividends - although not all the time.

With abundant options, a lot of us find ourselves stuned once we get a life insurance quotation. Let Jenmar Insurance Services life insurance experts put together the right life insurance policy for you. 

The Nation’s largest health insurance program, Medicare provides high-quality health care to:

• People age 65 and older
  
• People under age 65 with certain disabilities
  
• All people with end-stage renal disease
  

Administered by Centers for Medicare and Medicaid Service (CMS) and has 4 Parts:

• A & B – managed by the federal government and referred to as Original Medicare
  
• C & D – offered by private insurance companies with an approved Medicare contract
  

What does Original Medicare Cover? (Parts A & B)
Part A - There is no premium for Part A, you contributed to Medicare by paying taxes while you worked. However, there are deductibles and co-pays you will be responsible for paying.  (Many people purchase a Medicare Supplement to pay those costs.)

• Hospital – In-Patient
  
• Skilled Nursing Facility Care
  
• Hospice Care
  
• Some home healthcare
  

Part B – There is a premium for Part B. There are also deductible and copay responsibilities.  (Many people choose to purchase a Medicare Supplement or “Gap” plan to pay these costs.

• For Most individuals the monthly premium is $104.90. Some people pay more based on their income.

What is not covered by Original Medicare?

• Deductible for Part A
  
• Hospital copay – days 61-90
  
• Skilled Nursing Facility copays Days 21-100
  
• Annual Hearing Exams
  
• Dental Services
  
• Prescription Drugs
  

Medigap – Medicare Supplement Plans:

• Health insurance policies that are sold by private insurance companies
  
• Supplements cover medical benefit “gaps” such as Part A & Part B deductible and coinsurance.
• There are 11 standardized plans (A, B, C, D, F and High Deductibles F, G, K, L, M, N)
  
• Does not include Part D prescription drugs 
  

Part D – Medicare Prescription Drug Coverage is offered by private health insurance companies with an approved Medicare contract and helps to cover prescription drug costs with Stand-alone plans and Medicare Advantage Plans.  Extra help is available for beneficiaries with limited income and resources.

Part C – Medicare Advantage Plans are offered by private health insurance companies with an approved Medicare Contract and one must have Part A & Part B to enroll and must continue to pay Part B premiums. Part C may require using specific network providers.  Advantage Plans combine Part A (hospital) and Part B (Medical) plus add on benefits and features not covered by Part A and Part B.

What costs are paid by beneficiaries?

• Part B Premium + Part C premium (if applicable)
  
• Medical Coverage: Co-pays until maximum out-of-pocket is met (varies by plan)
  
• Prescription Coverage: May not be included in all plans; Copays and Coinsurance – vary by plan
  
• Medicare Advantage Plans may cost less than traditional Medicare + Medicare Supplement + Prescription drug plan, but there are out of pocket expenses in the Advantage Plans. An awareness of this is important in order to evaluate potential costs.
  

When can I enroll in Medicare?

• Initial Enrollment Period: 7 months surrounding 65th birthday
  
• Annual Enrollment Period: October 15 – December 7 for a January 1 effective date
  
• Special Enrollment Period: Specific events such as termination of employer coverage, moving to a different service area, or other specific events.
  

Medicare Supplements are available for enrollment all year-round. Medical underwriting may apply.

To learn more about Medicare Programs, visit www.medicare.gov or contact Jenmar Insurance Services for a complimentary consultation.