elderly man wearing eyeglasses and magnifying glass sitting at work bench tinkering with tools

What Medicare Supplemental Insurance Can Do That Medicare Can Not

Getting older is never any fun passed the age of 21. But oftentimes with age comes maturity, experience, and perspective. And by the time you find yourself approaching the golden age of 65, you’re probably able to look back at your earlier years and note a few things you wish you had done differently—drink less alcohol, quit smoking earlier, save more money and spend it wiser; invest more time with the people you love, and in taking care of yourself.

Don’t put taking good care of yourself on the backburner anymore.

elderly man surrounded by happy family blowing out birthday candlesMaking Sure Your “Golden Years” Are Golden

Throughout our lives, there are a number of birthday milestones that stand out— one, 13, 16, 18, 21, 40, 65, and if you’re lucky, many more beyond that. Each of these years has their own reasons for being special, but few birthdays carry the same significance that turning 65 does.

Beginning three months prior to your 65th birthday, you become eligible for a seven-month open enrollment period where you can enroll in Medicare benefits. If you miss your initial open enrollment period, you will still become eligible again during the general open enrollment period which begins January 1st and ends March 31st, with coverage beginning July 1st.

According to a Money Crashers article written by Michael Lewis, “There is a direct correlation between healthcare costs and age: The older you are, the more likely it is that you will need medical care. The elderly are more apt to suffer chronic conditions that require treatment for years, and accidents are more common, often requiring complicated treatment. As a consequence of the high healthcare costs for older Americans, private insurers prior to 1965 either did not offer health insurance to the elderly, or charged such high premiums that insurance was not affordable. Medicare was created to solve a human welfare crisis that threatened to unravel the social and economic fabric of the nation.”

The truth is, that while highly beneficial, Medicare Part A and Part B may not necessarily cover everything you may need as you get older. A prime example of this is the often-cited fact that Medicare does not cover basic eye health, most forms of dental care, and hearing aids. And while many may be under the impression that they won’t need something like a Long-Term Care Insurance policy because Medicare will cover the costs, unfortunately, it won’t because while Medicare Part A will cover care in a nursing home, it will not cover custodial care meaning, the activities of daily living such as getting dressed, bathing, eating, etc).

Investing In Your Health With Medicare Supplemental Insurance

A Medicare Supplemental Insurance policy can help you fill in the gaps left behind between the services and care that you need and the services and care that Medicare is willing to pay for.

If you or a loved one is approaching the age of 65, it may be wise to discuss with your doctor if all of your medical needs will be covered by Medicare. Oftentimes, people assume that Medicare will cover them no matter what and ultimately find out otherwise. In order to avoid any surprises, it is always wise to consult with your primary care physician about your individual health needs now and any that you may be at risk of developing in the future.

For more information regarding Medicare Supplemental Insurance (Medigap) and what it can do for you or someone you love, please visit www.mobar.memberbenefits.com/services/medicare-supplement/.

young male with beard professional in an office wearing glasses working and focusing on laptop

Blue Blocker Lenses: Are They Worth The Hype?

As our bodies continue to age, it is understandable that we begin to experience more changes. And whether we like it or not, doctors and other medical specialists are here to help us make sure that our bodies are operating at the very best levels that they can and when they are not, doctors are the people we visit to find out why.

For example, declining eyesight is one of the most common and most easily diagnosable issues our bodies may encounter throughout our lives. Worsening eyesight is often associated with getting older and while there are a variety of reasons and levels of severity, ultimately poor eyesight is typically very treatable except in certain circumstances.

As a general rule of thumb, it is suggested that you should visit the eye doctor once every one to two years. Even if you don’t feel your eyesight has changed, an optometrist will be able to know for sure and make any adjustments to your eye prescription as necessary.

Read More
young African American lawyer with disabilities in wheelchair smiling thoughtfully out the window

Lawyers With Disabilities Battle More Than We Think

Think about it. When was the last time you saw a lawyer with a disability? And no, Netflix’s legally-blind Daredevil “Matt Murdock,” doesn’t count.

For years it has been touted that prior to the age of retirement, one out of every four working-age Americans will become diagnosed with a Long-Term Disability at some point in their career. So, if that is true, how is it that there are so few lawyers with disabilities?

Not All Disabilities Are Visible

When we initially think of a disability, our mind immediately tends to gravitate towards those in wheelchairs or walking with a cane, but there are a number of disabilities that are invisible to the eye but can be every bit as difficult to manage.

According to the 1994-1995 Survey of Income and Program Participation (SIPP) roughly 1 out of every 10 Americans is recorded as having a severe disability— in today’s numbers, that translates to 32.57 million people. In the nineties it was found that out of those 1 in 10 Americans with disabilities over 74% of them did not use any assistive devices making their disability invisible to strangers.

Read More
mother with breast cancer smiling and hugging her young daughter

What You Should Know: Home Breast Cancer DNA Tests

In March of this year, ancestry DNA testing giant, 23andMe, announced that they would begin testing user DNA for Breast Cancer genes, more specifically identified as the BRCA1 and BRCA2 genes. While technically able to test for these genes for years, it wasn’t until this past March that the FDA officially signed off on it, therefore, making the 23andMe at-home DNA test, the first FDA-approved direct-to-consumer test to evaluate one’s potential risk for cancer.

What Can Your DNA Reveal

The test is offered as an add-on to 23andMe’s standard ancestry report for a total of $199 and is delivered alongside a variety of other reports designed to tell you if you possess certain genetic markers which may suggest a predisposition to things such as:

  • Macular Degeneration
  • Lung and/or Liver Disease
  • Celiac Disease
  • Hemochromatosis
  • Hereditary Thrombophilia
  • Alzheimer’s Disease
  • Parkinson’s, and many more
Read More
man diagnosed with long term disability contemplating future

5 Most Common Attorney Long-Term Disability Claims

According to the Council for Disability Awareness, it is estimated that one out of every four Americans will find themselves diagnosed with a disability prior to retiring at the age of 65. Additional studies show that less than half of individuals and families have enough money saved to sustain their living expenses for even one month before feeling the financial strain— illustrating that a long-term disability diagnosis can not just be devastating for the individual but also financially devastating for their entire family.

In short, no one plans to become disabled. And yet, it can happen to anyone at any time and the chances of it happening only increase with age, lifestyle choices, and even the type of work we do on a daily basis.

Popular Long-Term Disability Claims

But while the majority of people may imagine someone who struggles with a long-term disability as wheelchair bound, the fact of the matter is that long-term disabilities can manifest in a host of different ways— some visible, some not.

Read More
Daughter worrying about mothers long-term care needs

How To Know When A Loved One Needs Long-Term Care

Studies show that roughly 70 percent of individuals aged 65 or older will require long-term care at some point.

But determining just when a loved one may need long-term care can be difficult both mentally as well as emotionally. To help make things easier, here are some key factors to look for when determining if your loved one could benefit from long-term care:

Read More
Millennials with tech devices in front of them on a blue bench

Myopia and Millennials: The Trend No One Saw Coming

According to a Nielson Company audience report, it is estimated that the average American spends over 10 hours behind a screen consuming digital media and content. But is this much screen time actually helping us or hurting us?

As it happens, a number of studies have recently come out against the rapid increase in screen time for everyone from toddlers to senior citizens. In fact, some of these studies have shown a correlation between increased screen time and the following:

Read More
Three eggs with 401(k) saving and IRA written on them laying on top of dollar bills and coins

Ringing In The New Year With 401(k)

From abandoning vices to dedicating time for some inward reflection, there is no denying that the start of every new year is a time for reflection, looking to the future, and abandoning what didn’t work in the past.

When was the last time you examined your 401(k) business plan? Do you have a 401(k) plan for your business? Are you sure that your current plan is doing everything for you and your employees that it can? If you answer any of these questions with uncertainty or hesitation, it may be time to spend some of that reflection time on your retirement planning strategy.

If your businesses does not offer a 401(k) plan as a part of its benefits package, you could be missing out on valuable talent that may seek work elsewhere— perhaps with other firms that do.

Read More
1 2 3 8