Annuity Market Value Adjustment
Blog
A commonly misunderstood feature is the annuity Market Value Adjustment provision that's included with most policies. This provision influences your account value during its surrender term. It can have a noticeable effect on the account should you surrender your annuity early. And in some cases, it can help you exit an underperforming annuity lock-in gains [...]
April 27, 2020
Category: Annuities
I Lost My Health Insurance. What’s Available?
Blog
As of the writing of this post, there are a lot of disruptions in the economy due to the Coronavirus. Many consumers are losing jobs and some are having disruptions in their health insurance coverage. If you're losing your health insurance, you'll want to know your options. We list the most common strategies below for [...]
April 3, 2020
Category: Health Insurance, Medicare Supplements
Health Insurance During the Corona Virus
Blog
As we all adjust to lifestyle changes due to the coronavirus, our brokerage is getting questions about what to expect from health insurance policies. We aim to answer those questions below. This information applies to those on individual and group plans as well as Medicare recipients. We'll also discuss ancillary policies that are designed to [...]
March 20, 2020
Category: Health Insurance
UHC Medicare Supplement Insurance (AARP)
Blog
We offer AARP United Healthcare Medicare supplement insurance to our clients nationwide. These two companies have partnered together to offer members additional services and benefits. It is required that you (or someone in your household) be an AARP member in order to enroll in a United Healthcare Medicare Supplement. We can help you understand how […]
March 15, 2020
Category: Medicare Supplements
Pros & Cons of Long Term Care Insurance
Blog
Our brokers at Hyers and Associates specialize in health insurance and can help you sort through what’s best when it comes to traditional long term care policies. If we only knew what was in our future, decisions would be so much easier. You don’t want to spend money on something you don’t need. And you [...]
March 2, 2020
Category: Long Term Care Insurance, Retirement Planning
Get the Facts: Group Health Insurance vs. Individual Health Plans
Blog
With the various health insurance options available today, it’s easy to see why people are confused. Basic options include group health, individual health plans and short term coverage. Get the facts about all of your options so you make an educated choice about your health insurance coverage. What is Group Health Insurance? Companies purchase group […]
January 23, 2020
Category: Group Health Insurance, Health Insurance
2020 Medicare Deductibles & Cost Sharing
Blog
It's the time of year when Medicare announces changes that affect Medicare beneficiaries and the insurance plans they own. Like most years, the 2020 changes are incremental, but larger than what we saw for 2019. We will discuss them below and how they will affect your out of pocket exposure. (It's important to note that [...]
November 10, 2019
Category: Medicare Advantage, Medicare Supplements
Your Part D Medicare Prescription Coverage
Blog
At Hyers and Associates, we work with Medicare prescription Part D drug plans every day. Whether it's Medicare Open Enrollment or your new to Medicare and need a Part D plan to compliment your supplemental insurance, we can help. Our team works with several different insurance companies and we can help you find a Part [...]
October 16, 2019
Category: Medicare Part D
2020 Medicare Open Enrollment Options
Blog
Medicare Open Enrollment for 2020 effective dates has begun. This window runs from October 15th through December 7th. All changes to your Medicare Advantage and/or Prescription Drug Part D coverage will take effect January 1, 2020. Should you miss the Annual Election Period (AEP) open enrollment window, it may not be possible to make changes [...]
October 12, 2019
Category: Medicare Advantage, Medicare Supplements
Lasso Medicare Medical Savings Accounts
Blog
There are several policies designed to fill the gaps in Medicare. Medical Savings Accounts from Lasso are no exception. These innovative insurance plans offer a great way save toward future health care expenses. First, you must be enrolled in both Medicare Parts A and B to qualify. You must also live in the plan's service [...]
September 23, 2019
Category: Medicare Advantage
Three Reasons To Choose A Medicare Advantage Plan
Blog
Medicare doesn't cover everything so it's wise to enroll in additional coverage. In our second part series, we discuss three reasons why you may want to choose a Medicare Advantage plan over a Supplement. (View Part One Here.) There's not always a right or wrong way to fill in the gaps, but in this post [...]
September 11, 2019
Category: Medicare Advantage
Three Reasons To Choose A Medicare Supplement Plan
Blog
When you're Medicare eligible, you're likely deciding how to best supplement your coverage. Should you choose a Medicare Supplement or a Medicare Advantage plan? A good argument can be made for both, but for the purposes of this article we'll explain why many of our clients choose a traditional Medicare supplement plan. Also referred to [...]
August 7, 2019
Category: Medicare Supplements, Medicare Advantage
High Deductible Plan G Rates & Quotes
Blog
Several insurance companies offer High Deductible Plan G. This newer Medicare supplement is available for sale now and offers some of the lowest rates available. As part of the recently passed MACRA legislation, all plans covering the Part B deductible are unavailable to those who are newly eligible to Medicare in 2020 and beyond. This [...]
July 12, 2019
Category: Medicare Supplements
Annuities With A Death Benefit Rider
Blog
Investors like annuity policies for a lot of reasons, but a new feature is adding even more certainty to these guaranteed products. Some companies are now offering a death benefit rider on their contracts to ensure policy growth every year. This optional feature allows your death benefit to grow each year by a guaranteed rate [...]
June 5, 2019
Category: Annuities, Retirement Planning
A Guide to Immediate Annuities
Blog
We are all working toward a comfortable, financially stable retirement. We want to enjoy more time with our loved ones while immersing ourselves in the activities that bring us peace and joy. The Hyers & Associates team is here to help you achieve your retirement goals. The fact is you need a plan to create [...]
April 23, 2019
Category: Annuities, Retirement Planning