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If you are looking for Ohio health insurance plans in Columbus, Cleveland or Cincinnati -then you are in the right place. Our Ohio based independent insurance agency offers coverage from several carriers both on and off the federal exchange. In our opinion, it is important to work with an Ohio based insurance agency if that's your state of residence. Using our expertise, we can help you find the plan(s) with the most comprehensive networks and lowest prices. A broker from…

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Through our independent agency, you can compare hybrid long term care insurance quotes from One America State Life Insurance Company. We offer their hybrid annuity and life plans direct to consumer. Using our expertise and guidance, we can help your decide which type would be most appropriate for your long term care planning. Linked long term care plans are growing in popularity and for good reason. These policies offer liquidity and leveraged benefit pools to their owners while also providing…

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If you are researching hybrid long term care policies, then you may want to consider the Lincoln MoneyGuard life insurance product. In this post, we will discuss how this policy works and provide examples of the benefits it can provide. Addressing Long Term Care Using Hybrid Insurance Plans Asset based planning for long term care is very popular and for good reason. These policies allow consumers to leverage their invested dollars several times over to create a tax-qualified long term care…

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That's an interesting question and in our experience offering hybrid long term care coverage, the answer is: It depends. Some of our clients will benefit more from an annuity and others from a hybrid life insurance plan. We will discuss the pros and cons of each below. Some of the answer can also be found in your own personal comfort level with insurance. For better or worse, some LTC shoppers are more familiar with annuities and therefore gravitate toward these policies.…

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When purchasing Medigap insurance, you are weighing benefits versus cost. At some point the cost for some plans (like Plan F) may outweigh the extra benefits. In our opinion, Plan N Medicare supplement insurance policies offer very good value when compared to other more comprehensive supplements. There are several reasons we've arrived at this conclusion, but in a nutshell, Plan N has little in additional out-of-pocket exposure when compared to some of the other more comprehensive plans and can be $40-$50…

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Many of our clients are curious about what they can expect from the Medicare supplement policies that cover the Foreign Travel Emergency Benefit.  There are only 6 Medicare supplements offered today that fill in this gap, but it's important to understand that this benefit has some limitations. Which Medicare Supplement Plans Cover Foreign Travel Emergency? Plans C, D, F, G, M & N all cover Foreign Travel Emergency. There are no other Medicare supplement plans sold today that fill in this…

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For the purpose of this article, let's say you are new to Medicare and you wish to purchase a traditional Medicare supplement plan - as oppose to enrolling in a Medicare Advantage plan. Let's further suppose that you want one of the more comprehensive supplements like Plan C, D, F, G or N. As a broker, I find that most Medicare beneficiaries are usually leaning towards Plan F as it is the most comprehensive Medicare supplement that can be purchased…

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Health insurance open enrollment under Obamacare has come to a close for 2014. The next open enrollment window won't be until the fall for a January 1, 2015 effective date. Special election periods will be available outside of open enrollment for those who meet certain criteria. If none of the life events listed below apply, then applicants will need to wait until the next open enrollment window in the fall - or purchase a short term or limited benefit plan…

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Recently, I was contacted by a prospective client who had been going without a Medicare supplement insurance policy for a few years. She was in good health and did not feel the urgency to purchase a plan that would help fill in the gaps of Medicare Parts A & B. In the insurance industry, it is not uncommon for agents to encounter consumers who have gone without different types of insurance for any number of reasons. Sometimes it's the cost and…

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The Pension Protect Act (PPA) was passed by Congress in 2006 and became effective in 2010. The law provides tax advantages for consumers who wish to purchase a long term care policy using a non-qualified annuity policy. The provision in the I.R.S tax code allowing for this is called a 1035 tax free exchange. Consumers can use this provision in different ways to purchase a long term care policy with an annuity on a tax advantaged basis. What Is the Significance Of…

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Understanding monthly point to point annuity with cap accounts is very important if you are a current or potential indexed annuity investor. Typically, these accounts offer some of the highest potential for yearly returns. This post is the second in our ongoing series discussing indexed annuity subaccounts. Our first was an explanation of the yearly point to point (PtP) account. The monthly version works a bit differently, but in the right market environment, it can credit significant returns. Indexed Annuity Investment Subaccounts Hopefully,…

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Second to die life insurance is precisely that - a policy insuring two lives that only pays out once the second insured has passed away. This coverage is typically used for estate planning and wealth transfer preparation. Permanent insurance policies like whole and universal life are the most common types used in second to die plans. There are several advantages to policies covering two lives including cost, reliability and tax avoidance. Understanding Second To Die Life Insurance These policies are offered by several…

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In response to market demand, several insurance companies are offering annuity accounts with a guaranteed death benefit rider. These new riders increase the contract value each year by a guaranteed interest rate. The annuity death benefit proceeds will be passed on to the insured's beneficiary(s) in a lump sum - or over the course of a predetermined number of years. Those who are looing to lock-in gains and transfer wealth might consider an annuity death benefit rider. What Does An Annuity Death Benefit…

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Each year the Centers for Medicare & Medicaid Services (CMS) make changes to Original Medicare that affect all Medicare supplement insurance polices - both old and new.  We highlight those changes below. Purchasing a Medicare supplement insurance policy can be a stressful endeavor.  Using our independent insurance brokerage and the information below, you can take the guesswork out of the coverage that will best fit your needs and budget. 2014 Medicare Supplement Insurance Changes Like most years, the changes to…

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Our insurance agency has received several inquiries about the upcoming Obamacare penalty amounts for those who do not purchase health insurance.  It is important to understand how these penalties will be enforced and ways to avoid them. The penalties will vary for singles and for families and can, for some, end up being a portion of their income.  Those who are caught off guard by the Obamacare penalties can end up owing much more that what they might have anticipated. How Much…

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