Anita is an expert in health insurance, and I wanted to discuss with her the latest changes in health care and open enrollment. She likes to advise seniors with their health care insurance concerns.
Health care costs are one of the things that can quickly drive people into bankruptcy. So this knowledge is a critical part of your abundant life and investments. Once you get sick, you need to understand what you are dealing with and it’s essential.
She explains the latest changes that have occurred with healthcare regulations. Under Trump, the tax penalty will be done away with, and they have changed some of the rules surrounding pre-existing conditions.
Open enrollment is a time period that happens each year when employers, corporations, and individuals can change their health plans. Open enrollment generally starts mid-October and goes through December 7th for policies that begin the next year. You usually can’t make changes to your plan outside of this time period.
It’s important to know what your deductible costs are and how they might affect your care. These are different from the out-of-pocket expenses which are a cost split between the insurance company and you. You also need to understand the benefits and the fundamental details of these insurance plans and ask enough questions.
She cautions that some plans only cover essentials and not secondary items you may need like crutches, wheelchairs and sleep apnea equipment. She discusses various supplemental insurance that you can buy at any time that can cover some of these extra expenses. These plans cover certain emergencies, and they pay you the benefits and not an insurance company.
Talking Points From This Week’s Episode
About Our Guest
Anita Lofton, President, and CEO of Senior Moment Life is a group benefits broker that design benefit packages for small to mid-size companies, but primarily Anita is an advocate for seniors. She is committed to bringing light to elder abuse issues, helping them to find adequate resources to assist them in governing and monitoring their financial activities and transactions, and empowering them with the necessary tools needed to make informed decisions in health care matters and most other aspects of their lives. Her strong background in healthcare and provider engagement enables her to navigate through the health care system with tenacity and ease. Her email is [email protected]
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