The Medicare
Annual Enrollment Period (AEP) (also known as the Open Enrollment
Period) is from October 15 to December 7 each year. During this time,
anyone with Medicare can join, drop, or switch their Medicare Advantage
Plan (Part C) or Prescription Drug Plan (Part D). Any changes
you make will become effective on January 1 of the following year.
Final expense insurance, also known as burial insurance or
funeral insurance, is a type of whole life insurance, designed
to cover end-of-life expenses. These expenses can include funeral costs,
medical bills, and other debts, providing a financial safety net for loved ones
after a person's passing.
COBRA health insurance is a federal law that
allows individuals and their families to temporarily continue their
employer-sponsored health insurance coverage after certain qualifying events,
such as job loss or reduction in hours, divorce, or the death of a covered
employee. It essentially provides a temporary extension of your existing
group health plan benefits, allowing you to maintain coverage until you can
find another suitable plan.
Medicare Hospital Indemnity coverage is a supplemental insurance that provides a cash benefit to help cover expenses related to a hospital stay, such as copays, deductibles, and other out-of-pocket costs. It's not a replacement for Medicare, but rather a way to supplement existing coverage like Original Medicare or Medicare Advantage plans. The benefit is typically paid as a daily cash amount for each day spent in the hospital, and can be used for any expenses related to the hospital stay or even other living expenses.
