Mandatory Recordings for ALL Medicare Advantage/Medicare PDP Calls

Beginning October 01, 2022 Medicare brokers/agents will be required by CMS (Centers for Medicare & Medicaid Services) to record ALL ingoing and outgoing phone calls (or Zoom, etc calls) under the following circumstances: Calling medicare sales leads Scheduling appointments Collecting Scope of Appointments Collecting medication and pharmacy information Discussions about your providers Telephonic (and web based) enrollments If a client … Read More

Can I Draw Social Security At 62 and Still Work Full Time?

All financial plans are important, but Social Security benefits play a profound role in preventing elderly poverty and are paid out at an important stage in a worker’s life. With that in mind, it pays to know when you can start receiving your monthly payments and how continuing to work while collecting Social Security will impact your benefits. As the … Read More

Covered California: 2023 Renewals, Open Enrollment, Dependents Update

Each year Covered California begins the renewal process for the upcoming plan year, which typically begins October 1 and runs through December 31. During this process Covered California redetermines the eligibility of each enrollee and qualified individual for coverage effective January 1 of the following year. Covered California is required to send renewal notices no earlier than the first day … Read More

Biden Administration Releases Proposed Rule To Fix Longtime ACA “Family Glitch”

The Biden administration has proposed fixing a longtime “family glitch” in the Affordable Care Act (ACA) that has led to an estimated more than 5 million people not getting vital cost assistance. The Treasury Department and the Internal Revenue Service issued a proposed rule Tuesday that creates a minimum value for family members of employees who are eligible for tax … Read More

The Essential Guide to Group Long-Term Care Insurance

From our good friends at: Introduction Most employees planning for retirement have three major concerns – an unexpected health event, outliving their income, and passing away financially unprepared. Life Insurance programs and retirement savings programs such as 401(k)’s can address two of these major concerns. Many serious health events are covered by Medicare or supplemental private health insurance policies. … Read More

Rising Tide Lifts All Boats for Surging Voluntary Benefits

From our friends at: Unless you’ve been underwater holding your breath for the past several months, you know by now the voluntary benefits industry made a big splash last year. The industry woke from its pandemic-induced slumber to produce an overall growth rate of 11.3% and $8.307 billion in sales. The “basics” — voluntary life and disability insurance — … Read More

How Much Health Insurers Pay For Almost Everything Is About To Go public

From our good friends at: The new rules will help people get upfront cost estimates for about 500 so-called “shoppable” services, meaning medical care they can schedule ahead of time. Consumers, employers and just about everyone else interested in health care prices will soon get an unprecedented look at what insurers pay for care, perhaps helping answer a question … Read More

How Many Hours Can You Work and Still Collect Social Security?

From our good friends at: Working Before Full Retirement Age From the perspective of the Social Security Administration, full retirement age for those born in 1960 or later is 67. If you continue to draw income before you reach full retirement age, the SSA considers you a worker rather than a retiree. As such, some of your benefits may … Read More

How Does Medicare Cover Hospice Care

Hospice is a program of end-of-life pain management and comfort care for those with a terminal illness. Medicare’s hospice benefit is primarily home-based and covers end-of-life palliative treatment, including support for one’s physical, emotional, and other needs. It is important to remember that the goal of hospice is to help an individual be as comfortable as possible, not to cure … Read More

Four Factors that make Millennials look at Group LTC

From our friends at Population Expectations: Millennials are growing to be the largest living adult generation, and in 2019 pew predicts that they will surpass the Boomers as the dominant generation. That also means that they are going to be the largest adult population in the workforce, with their parents or grandparents likely to retire within the next 10 … Read More