Elliot Glass Coral Springs Insurance

Oscar Insurance Company of Florida to Stop Accepting New Enrollment

2022-12-13

Oscar Insurance Company of Florida, after discussion with state regulators, announced that it will stop accepting new enrollment in Florida.

Oscar Insurance Company of Florida will continue to provide coverage in Florida for those consumers who have already chosen Oscar Insurance Company of Florida for 2023 health coverage since this Open Enrollment Period began, and also for any consumers who are currently enrolled in 2022 coverage with Oscar Insurance Company of Florida and wish to continue with the same plan selection in 2023. This announcement doesn’t affect coverage for the current plan year, 2022, or Oscar Insurance Company plans offered in other HealthCare.gov states.

Have questions? Contact the Agent/Broker Email Help Desk at FFMProducer-AssisterHelpDesk@cms.hhs.gov.

Protect Your Health and Grow Your Wealth with Elliot Glass Coral Springs Insurance

2022-08-03

With the costs of everything rising these days, I wanted to share a low cost generic prescription program run by Mark Cuban. The website is costplusdrugs.com, it is fairly new so not many consumers know about it and big pharma would like it to see it stay that way. They don’t advertise to keep costs low. They rely on word of mouth for promotion. No insurance is required but you do need a prescription from your healthcare provider.

You pay what the drug costs to them + 15%. For example, a $10 drug would be $11.50. Additional costs are $3 to the pharmacy for prep and $5 flat rate shipping for your order. The cost may actually be less then your copay through insurance.

Recent trends show that some pharmacies like Costco are discontinuing their contracts with companies like GoodRx so this is another option to consider to save some time and money.

Protect Your Health and Grow Your Wealth with Elliot Glass Coral Springs Insurance.

This Is the Most Important Move to Make After Buying Life Insurance

2022-07-10

Buying life insurance is a great way to make sure loved ones are protected and provided for.

A 457 vs. a 403(b) for Retirement Savings

2022-06-29

Compare a 457 and 403(b) plan to see if you are eligible for one or both.

Getting Life Insurance with a Pre-existing Condition

2022-07-05

if you have a pre-existing condition, there is no need to worry because there are options available to you.

A pre-existing condition includes any health issue or condition that existed before you applied for life insurance coverage. Some examples that life insurance companies look for include:

Cancer
Chronic Obstructive Pulmonary Disease
Colitis and Crohn's Disease
Coronary Disease
Depression/Anxiety
Diabetes
High Blood Pressure
Lupus
Marijuana and Cannabis Use
Multiple Sclerosis
Sleep Apnea
Stroke-Mini Stroke
Tobacco Use

More than one in four (27%) of American adults under the age of 65 currently live with a pre-existing health condition, but one thing that doesn’t change is your ability to qualify for life insurance.

We offer a wide range of life insurance policies, including plans for those with less-than-perfect health. Learn more about your options and how to get covered. Protect Your Health and Grow Your Wealth with Elliot Glass Coral Springs Insurance. Call or email me today and get life insurance based on your needs and budget.

National Scoliosis Month

2022-06-02

What is Scoliosis?

Scoliosis is a deformity in the spine and it affect’s a person’s appearance and posture. The spine curves from side to side and looks like the letter S or C.

Why is National Scoliosis Month important?

Creates awareness on how to get treatment
Creates awareness on preventive measures
Creates awareness on good posture

What are the three types of scoliosis?

Adolescent Idiopathic Scoliosis
Neuromuscular Scoliosis

Below you will find some facts regarding Scoliosis:

Most Obamacare and Medicare plans will cover you to see an Orthopedist.

Contact me for more information on what Florida Blue will do for you!

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This Week’s Economic Report

2022-02-08

On Wall Street

Stocks gained some ground last week as investors turned their focus to corporate earnings.

The Dow Jones Industrial Average rose 1.05%, while the Standard & Poor’s 500 gained 1.55%. The Nasdaq Composite index picked up 2.38% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, tacked on 2.73%. 1,2,3

Focus on Earnings

Late last week, stocks extended the previous week’s rally with some high-growth companies leading the move higher. Strong company profits fueled the market the middle of the week, until an earnings report came out from a mega-cap company that was disappointing to investors and took them by surprise. The earnings miss deflated sentiment as it heightened worries of what it may portend for other technology companies yet to report. These anxieties led to a sell-off that reverberated across the market.

Subsequent earnings beats from several technology and social media names, and an above-consensus rise in new payrolls on Friday, helped the market close with week with a solid gain.

New Variant Omicron and Effect on Unemployment

Several unmployment reports pointed to a generally healthy labor market, despite the Omicron surge late last year. The Job Openings and Turnover Survey (JOLTS) showed a hiring slowdown, with near-record high job openings and worker resignations. The ADP (Automated Data Processing) employment report saw private payrolls shrink by 301,000. That was the first monthly decline since December 2020. 4,5

Some good news is that initial jobless claims declined, while continuing jobless claims reached their lowest level since 1973. A strong January employment report showed 467,000 jobs added during the month, with upward revisions to previously released November and December. 6,7

Point to Ponder:

Call 833-ELLIOTG or E-Mail elliot@elliotglassinsurance.com TODAY so we can help you attain your SMART GOALS. We will establish a timeline for your financial goals. Let us know what you want to achieve and when, and we will review your progress and the deadlines you have set semi-annually or annually.

Citations:

The Wall Street Journal, February 4, 2022
The Wall Street Journal, February 4, 2022
The Wall Street Journal, February 4, 2022
The Wall Street Journal, February 1, 2022
CNBC, February 2, 2022
CNBC, February 3, 2022
CNBC, February 4, 2022

Applying For Medicare: Part B

2022-01-28

The quickest way to get part B is to go on line to Socialsecurity.gov/retirement. Follow the steps and pictures below.

The landing page will take you directly to the application.
Fill out the application completely, it uploads to their system.
In about two weeks you can go back into your account and actually see if your request was completed. If it was completed it will show your ID number and start dates for A&B. If it is still processing or there is an issue you can also see that.
Once you have your ID number you can choose a plan with the assistance of your licensed Medicare Agent.

Visit SocialSecurity.gov Now

Critical Illness Insurance 101

2021-10-25

What is Critical Illness Insurance?

It helps fill the gap between normal health insurance and having to tap into your savings in the event of a major illness or condition. The qualifying illness triggers the policy’s benefit. Critical Illness Insurance pays the insured directly a lump sum cash amount upon the diagnosis of a qualifying serious illness, or occurrence.

What does it cover?

Cancer, Heart Attack, Stroke, End Stage Renal Disease, Amyotrophic Lateral Sclerosis (Lou Gehrig’s Disease), Quadriplegia, Major Organ Transplant Surgery, Coronary Artery Bypass Surgery, Balloon Angioplasty, Stent, Laser Relief Obstruction Procedure, or Carcinoma in Situ.

Depending on the carrier and illness you can expect payment up to 100% of the face value of the policy.

How can I use Critical Illness Benefits?

To pay for critical medical services that might otherwise be unavailable.
To pay for treatments not covered by a traditional policy.
To pay for daily living expenses, enabling the critically ill to focus their time and energy on getting well instead of working to pay their bills.
Transportation expenses, such as getting to and from treatment centers, retrofitting vehicles to carry scooters or wheelchairs, and installing lifts in homes for critically ill patients who can no longer navigate staircases.
Terminally ill patients, or those simply in need of a restful place to recuperate, can use the funds to take a vacation with friends or family.

What are the factors that decide premium?

Amount
Time duration of coverage requested
Sex
Age
Medical Information Bureau Report
Family medical history

Key Takeaways

Critical illness insurance provides additional coverage for medical emergencies like heart attacks, strokes, or cancer.
Because these emergencies or illnesses often incur greater-than-average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short.
These policies come at a low cost.
They only cover a limited number of illnesses or emergencies.

Medicare Cliff Notes

2021-10-19

The four parts to Medicare:

Part A = Hospital Insurance
1. Patient Care in Hospitals
2. Skilled Nursing Facility
3. Hospice Care
4. Home Health Care
Part B = Medical Insurance
1. Doctor and other health care provide services
2. Outpatient Care
3. Durable Medical Equipment
4. Home Health Care
5. Preventative Services
Part C = Medicare Advantage Plans
1. Includes Part A & Part B Services
2. Includes Prescriptions
Part D = Prescription Drug Plans
1. All plans must cover prescription drugs that people with Medicare take.
2. A plan’s list of covered drugs is known as a formulary, and each plan has its own formulary.
3. Insurance Companies place drugs into various levels, called tiers, on their formularies. A plan's formulary might have three, four or even five tiers. Each plan decides which drugs on its formulary go into which tiers.
4. Drugs in each tier have a different cost.
5. A drug in a lower tier will cost less than a drug in a higher tier.

What are your options?

Original Medicare
Medicare Advantage Plans
Medicare Supplement Plans & Prescription Drug Plans

When can I sign up for Medicare?

You are eligible at age 65, your initial enrollment period begins three months before your 65th birthday, includes the month you turn age 65, and ends three months after that birthday. If you are under 65 years old, you also qualify if you have certain disabilities and/or End Stage Renal Disease.

How do I sign up for Medicare?

The first step is to contact Social Security and get your Medicare card. Their phone number is 800-772-1213. Once you receive your Medicare card you can sign up for either a Medicare Advantage or a Medicare Supplement plan.

What will happen if I do not sign up for Part B right away?

If you choose not to enroll in Medicare Part B and then do so later, your coverage could be delayed. You will also pay a higher monthly premium for as long as you have Part B.

If you do not enroll in Medicare Part B during your initial enrollment period, you have another chance each year to sign up during a “general enrollment period” from January 1 through March 31. Your coverage would begin on July 1 of the year you enroll.

Is there a Late Enrollment Penalty?

Yes. It is highly recommended that you obtain a Part D Prescription Drug Plan when you are first eligible and maintain a Part D Prescription Drug Plan without a gap in coverage to avoid a Late Enrollment Penalty by Medicare.

Being that Medicare is confusing allow me to help you figure it out and answer the tough questions like:

What do today’s Medicare benefits and limitations mean to my future financial security?
Which policy best fits my own personal insurance needs?
What will the differences in my healthcare be if I choose a Medicare Supplement Plan over a Medicare Advantage Plan?

Keep In mind that everyone has unique needs, this is not the time to ask your friend or neighbors what they have and do the same thing. Your goals and insurance needs are different than theirs.

It doesn’t matter if you are just updating your current coverage to meet your ever-changing needs, looking to save money or looking at no-cost healthcare explore your options by calling 833-355-4624 or visit www.elliotglassinsurance.com today.