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Medicare and Life Insurance: A Balanced Approach

Medicare and Life Insurance: A Balanced Approach
and welcome back to the morning blend with

insurance

101 well people who are eligible for

Medicare

are also the worst affected by the threat of the corona virus joining us now with some words of advice is independent agent with sovereign select Jerry Wilson good morning Jerry good morning Tiffany how are you this morning I'm doing great thanks for joining us you know I think so many people are scared when it comes to covin 19 and I want to know what you recommend to individuals in regards to their

Medicare

plan well you know Tiffany the first thing that we had sobbing want to do is we want to say first of all we want to send our prayers to all those that are impacted that are recovering from the corona virus and also to those who have experienced losses we just want to send a heartfelt you know condolences and our prayers for individuals and let them know we're thinking about them and praying for them so that's the first thing that's most important people matter in this whole situation and we just want to let them know that we're thinking about it so true and I know for you it's always been a thing to be proactive when it comes to

Medicare

you know that that is absolutely correct you know we always preached the proactive

approach

because with

Medicare

you really want to be able to review your plan you want to look at it and see is it accomplishing what I needed to do based on my current situation and with the append emic that we're going through...
medicare and life insurance a balanced approach
people may want to stop and say hey with all the different you know situations with layoffs and furloughs they may be looking to say hey is there a way for me to save money and so we're advising all of our clients whether you're a medic even on

Medicare

for a year or 15 years take a look at your plan I'm speaking with people every day now that are saying that hey you know with what's going on my

Medicare

I kind of need to see if I can save some money someplace in and we may be able to help them do that by being a little proactive you know Tiffany I think I've watched more reruns of basketball playoffs and and golf tournaments and I think if they just spare a few moments we can save them a few dollars that's true and people do need to find those dollars right now and I love that you do that because many people haven't reviewed them for years I know that you'll do free consultations right now reviewing

life

insurance

beneficiaries and you'll also note to people that their coverage doesn't change from company to company it's their their premium that changes and that's why you're saving people money let's talk a little bit about what dual eligibility is because I'm not real familiar with that you know with the dual eligibility those are the individuals who they're on

Medicare

and their income again there's it there's that word again their income is at a level that they qualify from

Medicare

and Medicaid so...
medicare and life insurance a balanced approach
with both of those programs working for them they're able maybe to not even have to pay a premium so that's more money that can go back into the household to help them through this very difficult time that we're going through so that's a good way and so one has to be have their red white and blue

Medicare

card and then they also need for Wisconsin residents what's called the forward card and if they have those two they can really be able to save themselves some funds in terms of like their monthly budget and the neat thing about it is that when you look at that only 4% Tiffiny of residents in Wisconsin are taking advantage of the other dual status of being able to use their

Medicare

and Medicaid to really create a nice savings as well it's almost as if if you just have enough if you sit down and talk to us you can save yourself money by just simply having a virtual visit with us at sovereign select it's like there's a sale and you have a coupon at the same time so it's it's um some of my friends say you get a twofer yeah exactly that's exactly it you know there's so many people who are turning 65 and they want to know what can I be doing during this time you know one of the unfortunate effects of the B pandemic is that there are individuals who are working beyond 65 they go on medic they go on

Medicare

at age 65 to co-op they they meet the requirement by signing up for it and then they say hey I'm gonna stay on my...
medicare and life insurance a balanced approach
employer's

insurance

right now well individuals unfortunately because the pandemic are being laid off or you know or furloughed and they don't have health coverage well now's a good time to for those turning 65 to call us at sovereign select and say hey I'd like to set up a point with Jerry to be able to go over my

Medicare

benefits that I delayed before but now that lost my health coverage from my employer or gee I think I'll retire now because it's just so much going on I want to really enjoy a few you know a couple of years in retirement now's a good time to really look at that their their their health

insurance

coverage with

Medicare

and say now may be a good time to do that and we do what we sit down with an individual Tiffany and we do like a you know like the one-on-one explain all their options and really help them to get on a good track with

Medicare

I know that 41 percent of Americans don't have

life

insurance

you'll review that with them and you also have these online educational virtual meetings coming up with your no cost consultations people can take part in that as well that is correct you know Tiffany the one thing about that 41% of people who don't have you know who do not have

life

insurance

that's one that's one sector but then there's another group that they're on their their group employers health

insurance

and the thing about that is that if they get laid off there's what's called a...
portability where you can take it with you well some employers don't allow you to take your

life

insurance

with you and if there were a tragic event that your family that you were to contract this coronavirus at this point and you don't have health

insurance

boy that could be a really huge strain on a family at a very difficult time I agree I really appreciate your joining us today I'm going to give the information so everybody can contact you Gerry here's what you can do you can get a no-cost consultation for anyone that calls into the office for their

Medicare

or

life

insurance

policy review right now here's the virtual educational event it's going on Thursday the 9th at 10:00 a.m. educational only it's classroom it's online learning about

Medicare

as well and here's how you can contact Jerry Wilson it's two six two two two two twenty eight seventy to select Jerry calm thanks Jerry thanks TIFF I look forward to being with you guys hopefully next month in studio sounds good I still