Chancy Bella

 Medicare Medicare provides health insurance for people age 65+, certain people with disabilities, and those in final stages of renal (kidney) disease. The Social Security Administration takes applications for Medicare and provides information regarding eligibility. To avoid penalties, apply during the period from three months before your 65th birthday month through three months after your birthday month. Additionally, New York State and the federal government help low-income Medicare beneficiaries with out-of-pocket expenses. Contact NY Connects or the Health Insurance Information. Medicaid This program provides medical assistance for people 65 or older, those who are blind, those with a disability who are eligible for SSI, or for those who have too little income and resources to meet their medical needs. Medicaid also pays for long-term care services for people after they “spend down” their assets to qualify for many benefits. For more information, contact NY Connects or your loc...

Along with the many questions that come after a cancer diagnosis, you may wonder if Medicare will cover the treatments that are needed. If chemotherapy is part of your treatment, Medicare will cover some of your costs under each of its parts. The amount you’ll end up paying out of pocket depends on the Medicare plans you’ve chosen. Let’s go over what each part of Medicare covers, what isn’t covered, ways to save on treatment costs and more.  What parts of Medicare cover chemotherapy?  Medicare Part A Medicare Part A covers costs that are associated with an inpatient hospital stay. This includes the hospital stay itself, as well as the medications and treatments you receive while admitted. Part A also covers a limited stay at a skilled nursing facility after your hospital admission, as well as hospice care. If you are receiving chemotherapy during your hospital stay, it will be covered by Medicare Part A. Medicare Part B Medicare Part B provides coverage for treatments received...

How Does Accidental Death Insurance Work? With this type of coverage, you can apply online and be approved the same day because there is no medical exam, no health questionnaire and no waiting periods. As long as you meet the age requirements, you are guaranteed to qualify for an accidental death policy. Accidental death insurance is typically less expensive than other types of life insurance because it is a bit more limited in what it covers. While we usually recommend a standard term life insurance policy, accidental death is a valuable supplement to a more comprehensive policy. It is also a good alternative if you cannot qualify for a standard life insurance policy, but still would like to help provide for your family financially should the unexpected occur. Who Needs Accidental Death Insurance Clearly, accidents happen. Accidental death insurance covers you 24 hours a day, every day as long as you continue to pay your premiums. This type of policy is especially useful for people wh...

How do you file a claim for life insurance?  Locate the life insurance policy. The first thing you'll need to do is find your loved one's life insurance policy. Hopefully you've kept it in a safe place, but if you have trouble finding a hard copy, try contacting the company who wrote the policy to ask if they can resend the document or if there is an electronic copy you can access. After you've got the policy in hand, verify how much it's worth and, if it's a term life insurance policy, the duration of coverage. Get a notarized copy of the death certificate.  You'll need to obtain a death certificate, which you can usually get at the hospital or from the funeral home. You'll eventually need to submit this document to your insurance company for verification purposes. It's also a good idea to keep a few copies of the death certificate on hand in case you need them later. Contact the life insurance company that wrote the policy.  Once you have your lov...

 What is a Contingent Life Insurance Beneficiary? A contingent beneficiary, also referred to as a secondary beneficiary, is simply the person named in your policy that will receive your life insurance death benefit should your primary beneficiary pass away before, or at the same time as you. You can also name a tertiary beneficiary, who would receive your life insurance payout if both your primary and secondary beneficiaries were deceased at the time of your passing. Insurers rarely require contingent beneficiaries to be named when the policy is issued, but it may be a smart practice if you want to ensure that your payout benefits the people you intend. Why Should I Designate A Contingent Life Insurance Beneficiary? Potentially Avoid Legal Proceedings A contingent life insurance beneficiary may become significant if there is no beneficiary living to accept your policy's payout. In this case, your policy might be subject to legal proceedings in which the government would judge who s...

If you’re planning to enroll in a Medicare plan this year, you may be wondering what the best plan is. While there are a number of Medicare plan options to choose from, the best plan for you will depend on your medical and financial situation. Luckily, you can compare the advantages and disadvantages of each Medicare offering to find a plan that works well for you. Medicare is a government-funded insurance option available to people age 65 or older, as well as individuals receiving disability benefits. When you enroll in Medicare, you can choose from a variety of coverage options. Medicare Part A Part A covers hospital services, including emergency room visits, inpatient care, and outpatient services. It also covers home healthcare visits, short-term nursing facility stays, and hospice care. Medicare Part B Part B covers general medical services, including preventive, diagnostic, and treatment services for health conditions. It also covers medical transportation ...

 If you’re eligible for Medicare in Mississippi, it’s important to know what your options are. This will help you make informed choices when selecting your coverage. Medicare is a national health program, run by the federal government, for people ages 65 and over and those with certain disabilities. You get some parts of Medicare, known as original Medicare, directly from the government. You can also purchase Medicare plans through private insurance companies. These plans can add to or replace your original Medicare coverage. What is Medicare? The Medicare coverage available from the government is often referred to as original Medicare. It has two parts: Part A and Part B. Original Medicare Part A helps pay the costs of inpatient care services you get in a hospital setting. Part A may also pay for: hospice care a limited amount of the costs for care at a skilled nursing facility (SNF) some home health services Most people can get Part A without having...

Cancer treatments can get expensive quickly, especially when you need regular chemotherapy or radiation therapy. The good news: Your Medicare plan will most likely cover most of your radiation therapy expenses. Radiation therapy is when a trained radiation oncologist (cancer doctor) directly aims beams of energy at a tumor or area affected by cancer. This article will explain when and how Medicare covers radiation therapy. Even though your Medicare plan does provide coverage, the usual out-of-pocket costs will still apply. What parts of Medicare cover radiation therapy? Let’s look at the different parts of Medicare and what they’ll cover when it comes to radiation treatments, including proton therapy. Medicare Part A Medicare Part A will cover costs related to an inpatient hospital stay and treatment. If you’re in the hospital and receive any type of radiation therapy, it’s usually covered. Part A will also cover costs for any medications n...

Term life insurance resides at the intersection between security and affordability. One reason it's attractive to young families because it not only provides protection for loved ones at a time in life when debts and responsibilities are likely high, but it also shouldn't break the bank. As you age, though, your priorities are likely to change. Even though a term policy might have been the right choice when you were starting a family and had a hefty mortgage to pay off, what about later in life when expenses are lower, premiums are higher, but the need for insurance still exists? Permanent life insurance can help provide the lifelong security that you now want, and if you have a convertible policy, it can be significantly easier to make the switch. How Do Policy Conversions Work? Many term life insurance policies have a clause written into the fine print that allows you to convert your term life policy into a permanent one. You can think of these conversion clau...

What is the Difference Between Term and Whole Life Insurance? The two most common types of life insurance are term and whole life. But, how do you choose which type is best for you? While each of these life insurance policy types can be customized to help fit your specific needs, it is important to understand the basic differences between them. Let's look at each in more depth to learn more about term vs. whole life insurance. What is Term Life Insurance? Term life insurance is life insurance that provides protection for a specific period of time. It insures against the unthinkable - a premature death. This type of policy only pays your beneficiaries if your death occurs within the period of time you're covered. Otherwise, it expires with no value. Typically, these periods of time, or "terms", are offered in increments of 10, 20 or 30 years. Many experts will recommend that you ...

The cost of life insurance might be lower than you think. Find affordable or low cost life insurance options for almost any budget. One of the most common reasons why people put off life insurance is because they think it's too expensive, according to the "2018 Insurance Barometer Study." However, when asked how much a $250,000 term life policy would cost a healthy 30-year-old, nearly half of millennials overestimated by five times the actual amount. The average cost for such coverage is lower than you might think. That means they could be missing out on the protection they need for all the wrong reasons. In this article, we'll dispel some of the myths about the cost of life insurance, give you insight into which policies are most affordable or lower in cost, and help you find simple ways to make room in your budget. Misconception About the Cost of Life Insurance You have a set amou...