Why Consider Travel Insurance? Traveling abroad can be an exciting experience. But what would happen if you or one of your family members became ill or injured while away from home? International travel can quickly turn frightening if you’re not prepared for a medical emergency.
Most travelers assume they will be covered by their standard medical plan. The truth is, while traditional plans may offer adequate domestic coverage, they are not designed for international travel. Without even realizing it, you may be putting your health – and that of your family – at risk.
You have enough to worry about when you’re traveling. Don’t let your medial coverage be an uncertainty. International Medical Group® (IMG®) has developed two Patriot Travel Medical Insurance® plans to provide you an your family Coverage Without Boundaries®. Each plan offers a complete package of international benefits available 24 hours a day. Simply select the one that best fits your needs.
Patriot International® Patriot International provides coverage for U.S. citizens traveling outside the U.S. for a minimum of 10 days up to a maximum of two years. If the plan is purchased for a minimum of three months, coverage may be renewed (without break in coverage) for a total of up to two years.
You are signed up for Medicare and everyone is now asking if you want to purchase a Medicare Supplement Policy. You’re thinking, do I really need it?
Because Medicare is a compromise between what is needed by the 65 or over population and what the government can afford to pay, there are obvious gaps in coverage, and that is why you need a Medicare Supplement Policy from Pekin Life Insurance Company.
Our Medicare Supplement Plans have rates that will not strain your household budget, and they pick up where Medicare leaves off. medicare Supplement Plan F is our most popular plan, Generally because it has the most comprehensive coverage available to seniors. You can also talk to our local Pekin Insurance agents about Medicare part D which provides for your prescription drug needs.
As we age, we do require more medical care. Service becomes a vital issue in selecting the right Medicare Supplement plan. Good customer service and ease of use are also important in selecting the right plan. Claims processing is easy with a plan from Pekin Life Insurance Company. And, you have 30 days to review your plan. If you are unhappy with it, we will refund your premium.
The information below briefly explains the coverages of the basic Medicare plans. If you have questions about your eligibility or need coverages explained, please contact your local Social Security Office.
|Helps cover inpatient care in hospitals (includes critical access hospitals, inpatient rehabilitation facilities, and long-term care hospitals.)
Helps cover skilled nursing facility (not custodial or long-term care), hospice, and home health services.
|Helps cover doctor services and outpatient care.
Helps cover some preventive services to help maintain a person’s health and to keep certain illnesses from getting worse.
Generally pays 80% of the Medicare-approved amount.
|Run by private companies approved by medicare, which can either be Medicare Advantage Plans or separate Medicare Prescription Drug Plans.
Helps cover the cost of prescription drugs.
Each plan can vary in cost and drugs covered.
Click here for other related information: Medicare
Unexpected illnesses and accidents happen ever day, and the resulting medical bills can be disastrous.
Until you enroll in permanent coverage, safeguard your financial future with Short Term Medical (STM) temporary insurance. It provides the peace of mind and health care access you need at a price you can afford.
STM provides you with Protection you need when you’re in transition.
- Security while you’re job hunting
- Often lower than the cost of COBRA*
Waiting for employer benefits
- Fills the waiting-period gap
- Next-day coverage available
Temporary, contract, seasonal employees
- Flexible temporary coverage options
- More plan design choices give you pricing flexibility
- When a student plans or parent’s coverage are no longer options
- Deductible and coinsurance options keep plans affordable
* Short Term Medical Insurance is often a lower-cost alternative to COBRA. However, if you purchase Short Term Medical rather than maintaining COBRA coverage, you may give up your rights to coverage for pre-existing conditions or guaranteed health insurance in the future.
|Home Health Aide|
|Community Based Residential Facility|
|Nursing Home Care|
|** MetLife Mature Market Institute, 2003|
Long term care is the care you receive when you cannot take care of yourself for an extended period of time. This care can come from a number of sources such as an adult day care center, community based residential facility, home care, hospice care facility, hospital long term care unit, or nursing home.
Long term care insurance enables you to transfer some of the financial risk of long term care costs to an insurance company so that you may protect your accumulated wealth from this potentially devastating expense.
|What are the chances of needing Long Term Care?
How much does Long Term Care cost? According to a study conducted in 2000 by the American Council of Life Insurance, the cost of Long Term care services will more than quadruple by 2030. Costs shown below are averages and may vary widely across the country.
Will Medicare pay for Long Term Care? Medicare primarily focuses on hospital stays and physician visits. Medicare is not designed nor intended to cover long term care. It will not cover more than a few days of skilled nursing home care.
Will Medicaid pay for Long Term Care? Medicaid is a government “welfare” health care program for indigent persons, established by the federal government, but administered by the states and funded by both federal and state governments. Benefit levels and eligibility requirements vary with the states. When a person requires long term care and does not have private insurance, funding for the care must first come from the individual’s own income, savings and assets. Only when the person has “spent down” or exhausted his or her income, savings and most assets to a minimal amount, will Medicaid funding become available. In addition, Medicaid limits your choice of facilities and often pays too little to cover the cost of high-quality care.
|What is a Solution?
Long term care insurance enables you to transfer some of the financial risk of long term care costs to an insurance company. In exchange for premium payments, long term care insurance enables you to preserve your accumulated wealth from this potentially devastating expense.
Who should consider buying Long Term Care insurance? People who:
How do you become eligible for benefits? You must be certified as a chronically ill individual by a licensed health care practitioner. Chronically ill means you are unable to perform two ore more of the six activities of daily living for an expedited period of at least 90 days or you require substantial supervision to protect yourself from threats to your health and safety due to severe cognitive impairment. The six activities of daily living include: bathing; dressing; toileting; the ability to move in and out of bed, chair or wheelchair; eating; and continence. Written certifications must be renewed or updated at least every 12 months.
To view additional information click here: Long Term Insurance