Medicare and Life Insurance: A Balanced Approach

and welcome back to the morning mix with

insurance

101, people who are eligible for

medicare

are also the most affected by the corona virus threat, join us now with some tips, you are an independent agent with sovereign selector Jerry Wilson, good Morning, Jerry, good morning. Tiffany, how are you this morning? I'm very well, thank you for joining us. You know, I think a lot of people are scared when it comes to Covin 19 and I want to know what you recommend to people regarding their Medicare plan. Well, you know, Tiffany. The first thing we wanted to do is say, first of all, we want to send our prayers to all those affected who are recovering from the corona virus and also to those who have experienced losses.

We just want to send sincere condolences and our prayers for the people and let them know that we are thinking about them and praying for them, so that's first and foremost. People matter in this whole situation and we just want to let them know that we are. That's so true to think and I know it's always been important for you to be proactive when it comes to Medicare. You know that is absolutely right. You know we always preach the proactive

approach

because with Medicare you really want to be able to review your plan, you want to look at it and see if it's accomplishing what it needed to do based on my current situation and with the appendicitis that we're going through, people may want to stop and say hello with all the different situations you know with layoffs. and licenses, they might be looking to say, Hey, is there a way to save money?

That's why we're advising all of our clients, whether you're a doctor, even if you've had Medicare for one year or 15 years. Take a look at your plan. I'm talking to people every day who tell me, "Hey, you know, with what's going on with my Medicare." I need to see if I can save some money somewhere and we may be able to help you do that by being a little proactive. you know Tiffany, I think I've watched more reruns of basketball playoffs and golf tournaments and I think if you take a few moments we can save you a few dollars, that's true and people need to find those dollars right now and I love it.

You do that because a lot of people haven't reviewed them for years. I know you will be doing free consultations right now reviewing

life

insurance

beneficiaries and you will also tell people that their coverage does not change from one company to another, it is their premium that changes and that is why you are saving the company money. people. Let's talk a little bit about what dual eligibility is because I'm not very familiar with that, you know, with dual eligibility, those are the people that are on Medicare and their Income again, there's that word again, their income is at a level in which they qualify for Medicare and Medicaid, so with both programs working for them, they may not even have to pay a premium, so that's more money to spend. return home to help them in this very difficult time that we are going through, so it is a good way, so one must have their red, white and blue Medicare card and then they also need for Wisconsin residents what is called the advance card. and if you have those two, you can really save some funds in terms of your monthly budget and the good thing about this is that when you look at it, only 4% of Tiffiny residents in Wisconsin are taking advantage of the other one.

The dual status of being able to use Medicare and Medicaid to really create a nice nest egg, plus it's almost like you have enough. If you sit down and talk to us, you can save money by 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 some of my friends say you get a double, yeah, exactly, that's exactly, you know, there are so many people turning 65 and they want to know. What can I do during this time? You know, one of the unfortunate effects of pandemic B is that there are people who work beyond the age of 65, receive health care, receive Medicare at age 65 to cooperate and meet the requirement. sign up and then they say, "Hey, I'm going to stay on my employer's insurance right now." Well, unfortunately, because of the pandemic, they're being laid off or, you know, or furloughed and they don't have health coverage.

Well, now is a good time to do it. those turning 65 to call us at Sovereign Select and say, Hi, I'd like to set up a point with Jerry so I can review my Medicare benefits that I delayed before but now I've lost my employer health coverage, or oops, I think. I'm retiring now because there's so much going on that I really want to enjoy some, you know, a couple years of retirement, now is a good time to really look at your 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 like to, you know, explain to them individually all of their options and really help them get on a good path with Medicare.

I know 41 percent of Americans do not have

life

insurance. You will review it with them and also have these online educational virtual meetings with your consultations at no cost. People can participate too. That's right. You know Tiffany. that 41% of people who don't have, you know, who don't have life insurance, that's a sector, but then there's another group that's on their employers' group health insurance and what happens is that if they have sex there's what's called a portability where you can take it with you, some employers don't allow you to take your life insurance with you and if there was a tragic event where your family got this coronavirus right now and you don't have health insurance, boy, that could be a great burden for a family in a very difficult time.

I agree. I really appreciate you joining us today. I'm going to give out the information so everyone can contact you, Gerry, this is what you can do. You can get a free consultation for anyone who calls the office to review their life insurance or Medicare policy right now. Here is the virtual educational event taking place on Thursday the 9th at 10:00 a.m. m. Educational only, it's in person, it's online to learn about Medicare. also and this is how you can contact Jerry Wilson it's two six two two two two twenty eight seventy to select Jerry calm down thank you Jerry thank you TIFF I hope to be with you, I hope next month in the studio sounds good, still