Disability Insurance For Mechanics [Here’s What You Need To Know]

Updated: April 12, 2024 at 9:40 am

There’s not a lot of time for mechanics to think about disability insurance, right?

If you are a mechanic, your work is hands-on. And, busy! You enjoy the challenge of fixing and solving problems. Moreover, you particularly enjoy how you help your customers get back to their everyday life!  You rely on your technical skills as well as your physical ability to get the job done.

What if you could no longer do that job? Have you ever thought about what would happen if you became sick, ill, injured, and disabled? How would bills be paid if you could not work? The lifestyle you worked so hard for and your future plans could quickly be affected.

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Need Long-Term Care? A Hybrid LTC Policy Can Help

Updated: April 12, 2024 at 9:40 am

Long-Term Care sign with sky background.It is a fact: You will probably need some form of long-term care (LTC) (that is, custodial care) in the future. The Centers for Medicare and Medicaid estimate that 7 out of 10 people age 65 will need some type of long-term care (i.e., home health care, assisted living, or nursing home care.) If you are 50 or older (or a tad younger), you probably know of people who are dealing with the burden of caregiving for their parents or loved ones in LTC situations. We know caregiving can be one of the most excruciating situations in a person’s life. Maybe you are dealing with it yourself? Have you been thinking about your own long-term care yourself? What will happen if you need long-term care?

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How To Save Money On Your Medicare Part D Cost [Top 4 Ways And Be Worry-Free!]

Updated: April 12, 2024 at 9:40 am

Medicare part D donut holeDo you want to save money on your Medicare Part D cost? Who doesn’t, right?

Prescription drug costs have gotten out-of-hand. While you know that, did you know premiums are increasing, too? Before you know it, you are going to end up in the dreaded Medicare Part D “donut hole”. Trust us; you don’t want to be there. It’s not a tasty place.

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GTL Advantage Plus

Updated: April 12, 2024 at 9:40 am

GTL Advantage Plus We previously wrote about GTL Advantage Plus, a type of hospital indemnity insurance, back in 2017.

At the time of writing, we were not contracted with them. We wrote an independent review of their hospital indemnity insurance – GTL Advantage Plus.

We are now contracted with them. It is now our policy to not write reviews, independent or not, about certain carriers and follow advertising guidelines.

If you would like to learn more about hospital indemnity products, please reach out to us. You can contact us or use the form below.

If you’d like to learn more about how hospital indemnity insurance works, feel free to review the following articles.

Is hospital indemnity worth the cost? 

Overview of Gap/Hospital Indemnity Insurance

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How To Prevent Medicare Observation Status [Know How To Get Around This And Save Money]

Updated: April 12, 2024 at 9:40 am

Doctor comforting patient.Ask any Medicare beneficiary about observation status, and you’ll likely receive a four-letter word response.

Medicare observation status can be sticker shock. It’s on the one hand mirage, on the other a kick in the gut.

Here’s how it works. You are sick, laying in a hospital bed. Doctors and nurses are checking on you regularly. You figure since you are in a hospital bed, you are “in the hospital” or inpatient care status. Your Medicare plan says that hospitals cover inpatient care on a co-pay basis. In your case, that is $350 per day for the first 4 days and then $0 thereafter. To your surprise, however, you find out you are under “observation care” (also known as Medicare observation status).

Continue reading How To Prevent Medicare Observation Status [Know How To Get Around This And Save Money]