Finding A Hobby As A Senior

As you get older it can be harder to find things that you like to do, or things that you can still do with your age. Since you have more freetime typically when you get older, it can become very boring when you are not doing something every day that makes you happy. If there are things that you used to do for fun that you can no longer do because of your age, this is a good time to find something new that you like to do so that you can feel happy and have something that makes you want to get out of bed every single day. So here are a few different idea that you can do for fun to make things in your life more exciting and feel more like you are living and that you have a purpose.

Something fun that you can try to start doing more often is that you can maybe try something in the art department that is of interest to you. You could maybe try drawing or painting if you are new to art and follow a guided artwork online if you are not sure how to draw. You may have never tried to do art because you thought that you were not good at it, but the truth is is that you were not good at it because you never tried to start. People are good at things because they practice, people that are professionals got there because they practice to get there.

Another thing that you can do if you are still able to do some sort of physical activity, you can try to do some hiking or light biking if you are still in good physical condition to do so. You still should not be doing a lot of physical activity as you get older and you will most likely not be able to do a lot the older that you get. But you can go on light hikes and walks, and you may even start to have a passion for hiking and exploring. Traveling can also be something that you may start to enjoy after doing so. Whatever it is that you find to do just make sure it is something that makes you happy and that it is something that actually interests you. Find a hobby that you are passionate about.

Things which you can do if you are not satisfied with your Medicare supplement plans

We all are facing a number of health issue during our lifetime. It is required to provide them with quality treatment to recover in a better way. All these treatments will require spending some amount on them. This can lead to a financial burden on the individual who is suffering from the illness. Medicare supplement plans are prepared to take care of these financial benefits and provide the required help.

Based on the individual’s requirement, there are many different kinds of policies prepared. Each of them is having its own peculiarity which is leading to its selection. One should go through the specific benefits which these policies are providing for doing the right selection from them. This is required to ensure that you do the right selection of the policy for yourself.

Things which can be done if the wrong policy is selected   get one at

There are likely chances that one might end up with a wrong policy. A large number of policies and plans are available, many times it becomes confusing about which policy to select. It can lead to the selection of inappropriate policy which can cause issues in the future. If you find that you have not selected the right Medicare Advantage plan then you have special rights to buy Medigap policy too.

In case if you were having Medigap policy before then you can get it back if the company is still selling it. Even it will provide you with the facility of buying a newer one if the same policy is not available. Now the Medigap policy is not having prescription drug coverage even if that was available before. For that, you can join the Medicare Prescription Drug Plan.

If you were eligible for the Medigap policy when you enrolled for the advantage plan then you can opt for any of the Medigap policy. This will give you an opportunity to select the one which matches your requirement. Even some of the special rights are provided by few of the states based on their rules. One can have a look at all the benefits and rights available to them before performing any of the selection.


Thus, we can say that there is a provision of changing your policy back to Medigap if you are not satisfied with your advantage plan. This should be done with a proper knowledge of the policy so that you don’t select the wrong one again. It will help you to get the maximum benefits from the policy which you have selected.

Services which are not included in ordinary medicare

We all are going to face health issues during our lifetime. It can be caused due to one reason or the another. One needs to have proper health maintenance to ensure that they are able to remain fit for a longer duration of time. Still, when you face any kind of health issue, it is required to treat them with great care so that you don’t face the same issue again in the future.

Many different kinds of insurance and Medicare supplement plans are available at which can help you during your health issues. One can select the plan in a smarter manner so that it can easily suit their needs. This will help them to cover up most of the costs which they incur for the medical treatment which they receive. It will help them to reduce the maximum amount of financial burden from their heads.

Different services not included in Medicare

Medicare helps to cover up a number of costs which are incurred during the treatment of health issue. One should select the supplementary or ordinary plan which best suits their needs. Many people are not completely aware of all the benefits which their subscribed plan is providing. This is resulting in people losing many of the benefits concerning their plan.

Even many people opt for the ordinary Medicare which can cause to provide a lesser amount of the services to them. This can cause you financial charges when you are dealing with a certain health condition which is not covered in your Medicare supplement plans. All these issues can even cause you to compromise over the medical treatment which you are getting which can affect your health.

When you are having ordinary Medicare then few of the services are not included. Some of them are copayments, coinsurance, and deductibles. Normally these Medigap policies which we are selecting are provided by private companies. As a result, one should be cautious while selecting the right plan for themselves. It will help to ensure that they are not faced with any of the financial burdens even while going through a serious medical condition.


Thus, we can say that there are few of the services which are not included in ordinary Medicare. One can identify them by knowing about them in detail to ensure that they are aware of the benefits which they will get. It will even help when you are taking the actual benefit of these services. This will ensure that you take the maximum advtage of them for the cost which you incur for your healthcare services.

Avoid these mistakes when deciding on a Medicare Advantage Plan Pt. 2

Mistake # 2: Choose a Medicare Advantage plan that requires you to get approval from the insurance company before performing a procedure / test.

SOLUTION # 2: If you are comparing plans, refer to the Summary of Benefits. All insurers must publish them and they must be the same and easy to compare.

ERROR # 3: Do not pay attention to the “maximum out of pocket” (MOOP) limit. All Medicare Advantage plans have a MOOP and many agents glaze over it and help you choose your plan. However, if there is a catastrophic medical problem (cancer, organ transplant, long stay in a qualified care facility, etc.), there is a good chance that you will meet your MOOP so you want to make sure it is as low as possible. The reason is that anti-rejection drugs and chemotherapy are considered part of ‘B’ outpatient drugs, not part ‘D’ prescription drugs and many plans only pay 80% of part B drugs. Therefore you would be hooked for 20% and they are very costly.

SOLUTION # 3: Compare, compare, compare and choose a plan with a lower MOOP.

Mistake # 4: Choose a plan just because the drug co-pays are a bit lower. Most smaller insurance firms will try to persuade you to choose a plan which they offer with very low co-pay on their drug formula, but have a smaller network of doctors / institutions in which to choose. The problem is that if you have a medical problem, you are locked up in the smaller network of doctors / institutions until the next enrollment period.

SOLUTION # 4: If you have difficulty paying for prescription drugs and your income / fortune is low, you may be eligible for additional social security assistance. A good insurance broker will list this and guide you, or go to By getting help with your medication, you can choose the best plan based on other options (additional optional benefits, the size of the network, authorization rules, doctor / institution, etc.).

Bug # 5: Choose a Humana advantage plan for 2019 at       because you want a PPO plan, not an HMO.

SOLUTION # 5: Many people have the misunderstanding that they can take a PPO plan to any facility/doctor they choose. In reality, PPO plans still have a network of doctors / institutions that you need to stay in order to get lower cost. The biggest difference between a HMO and PPO is having a PPO, there is no need to get a “recommendation” to see a specialist. With an HMO you have to get a recommendation. To select EVERY doctor / institution in the country that accepts Medicare, you should consider a Medicare Supplement (MediGap) plan.

I’ve seen most solutions and mistakes when it has to do with the choice of Health Plans for Medicare Advantage. Outside of California there are additional variants of plans that can pose additional challenges.

What happened to my client, you may ask? Being in constant contact with my clients, in June I was overjoyed to hear the good news. Two physicians from a large medical group in Los Angeles identified the problem using the same test rejected by his former Medicare Advantage Plan. He slowly lost cerebrospinal fluid and was dangerously close to having no more. Now that he is healthy, we will review his coverage during Medicare’s annual open enrollment and decide whether to keep it in the supplement or switch to a Part C Medicare Advantage plan.

Understand Medicare Advantage

A Medicare Advantage plan, similar to a PPO or HMO or PPO, is a type of Medicare plan made available to Medicare participants. This option is also known as Medicare Part C. These plans are offered by private health insurance companies approved by Medicare.

Medicare Advantage (formerly Medicare + Choice) is a program that allows the Medicare population to receive benefits with private insurance. The government pays insurers a certain amount to cover part of the plan, while insurers can offer a range of other benefits under the rules set by the Medicare and Medicaid Solutions Center. In many cases, the coverage of prescription drugs (Medicare Part D) is included in the Medicare Advantage plans.

Types of plans

Preferred Provider Organization (PPO): Some Medicare Advantage plans sign contracts with a network of health care providers (eg, doctors, hospitals) and charge fewer fees when subscribers use services from these providers. Plan participants can use external providers for additional costs.

Health Management Organization (HMO): HMOs also have a network of pre-approved service providers that are covered in your plan, but the main difference is that you need to choose a family doctor. This family doctor acts as your personal physician, but also as your health coordinator. If you ever wanted to see a specialist who was not in your HMO plan network, your family doctor could offer you a referral if he thinks it is necessary. With this transfer, your insurance will pay part of the cost, but without it you can expect to pay the full price.

Private Fee-for-Service (PFFS): PFFS plans behave in a similar way to traditional Medicare as it allows you to visit any provider who accepts the payment arrangements in your plan. Sometimes these plans set up network of providers for certain categories of services, but allow you to see someone outside the network who accepts payment of the plan.

Special Needs Plan (SNP): Special needs plans are available for members of the population eligible for Medicare who are also eligible for Medicaid, institutionalized, or suffering from a chronic disease.

Savings Accounts for Medicals (MSA):  Savings accounts for Medicals, because they have a high deductible, usually do not require a premium. Participants must pay the Medicare Part B premium and pay for Medicare-covered services, and once a participant reaches the deductible, the plan will pay for Medicare services. Medicare also deposits money in a savings account to pay medical expenses. MSA plans do not include prescription drugs, but a separate prescription drug plan can often be purchased.

Medicare benefit is beneficial because it usually does not require the purchase of a Medicare Supplement plan and usually offers additional benefits such as dental and vision or “wellness” benefits like discounted gym membership. Participants who choose to take Medicare Advantage will retain the full protection of regular Medicare patients and reserve the right to petition the Center for Medicare and Medicaid services.

When you receive offers for a Medicare Advantage plan, it is usually best to work with a company or agency that has access to more than one insurer. This way, you can get a bundle of quotes to determine which one works best for you.

Why Working after Retirement is Not Just Good Financial Decision?

Why Working after Retirement is Not Just Good Financial Decision?

Even a few years back, retirees would not have considered employment after their retirement. However, times are fast changing and an increasing number of retirees are taking up retirement jobs to make the most of their life and finances after retirement. You can ask your erstwhile employer for a part-time work or take up a light job that will let you pass your retirement in productivity. Find out why working after retirement is more than simply a good financial decision.

Ensuring a luxurious lifestyle

Your superannuation money guarantees a comfortable lifestyle with financial freedom. But it rarely ensures a luxurious lifestyle for you. With additional earnings, you can realize all those things that you have always wanted – a luxurious vacation, the best foods, designer clothes and more. You can extend your own retirement money and also have sufficient finances that would let you live extravagantly.

Productive time pass

Many retirees feel bored and undervalued once they superannuate. They like to return to work as they miss not being a part of the action, and have a sense of inferiority when they look at businessmen, celebs and others who are of the same age group but continue to be respected for the work that they do. Some retirees actually crave jobs that they had wanted to do in their prime, such as creative and resourceful jobs, and fulfill their cravings.

Getting more social

Some retirees also like to return to the work force as they like to be a part of an active social group. People who happen to be sociable and like to mix with others take up retirement jobs that let them enjoy a better social life than what they can expect otherwise when they are in a state of retirement. Those who had worked for long hours in the past like to take up a job, as the thought of doing nothing but simply passing time idly fill them with disgust.

Leaving a financial legacy

Many retirees like to leave a significant financial legacy to their kids, and ensure that they never face any monetary insecurity in their lifetime.

Contributing to the society

Some of them also take up retirement jobs that allow them to contribute to the society, such as social work, teaching, consultant, environmental activist or even politics. This lets them fulfill their desire to give back to the society that helped them prosper and get recognition.

The effects of Medicare supplement changes for 2020.

The most recent change brought about in the Medicare world is the elimination of Medicare supplement plans F and C. This means that these policies will not be available to people becoming eligible for Medigap from 1st January 2020. This means that from 1st January 2020, the sale of policies covering Part B deductibles will be prohibited. The companies who try to sell these policies after the mentioned period will be subject to fines, imprisonment or civil penalties no more than $25,000.

Enroll in a supplement plan at

The effect of this depends on the eligibility date, resident state, health status, and current Medigap provider. Provided below are the effects:

  • State of residence:

A lot of people might drop Plan F and try to purchase Plan G because of agents who might convince them that it is a better idea but it could be just for business. If the state of residence allows an open enrollment on birthdays than keeping Plan F makes more sense. The rule allows people to switch from one Plan F to another Plan F during the open enrollment without any underwriting questions. This also helps people to stay away from any possible rate increases by carriers.

  • Health status:

Everyone has some health issues in his or her lifetime. But if currently, a person does not have any health issue than it will be easier to purchase any Medigap policy as long as they pass the underwriting questions and review.

  • Eligibility date:

If anyone becomes eligible before January 1st, 2020 then they can buy Plan F or C. So these plans do not become closed risk pools and new beneficiaries are allowed to join. So everyone who is eligible for Medigap policies can purchase Plan F or C but will be closed after 2020 as it won’t be a purchase option anymore. This is also easy to understand. The people who become eligible for Medigap policies will have to find an insurance agency and also pick up the plan that suits the needs best. Guaranteed issue rights will be applicable to plans G and Plan D. Plan G has become fairly popular as the plan was not open to Guaranteed issue rights which made the rate increases or decrease more stable.

  • Current insurer:

Insurance companies rate Medigap plans using the below mentioned three ways:

  • Community rating: this means that everyone has the same premium for a particular policy taken through the same insurer. This is for the people with the same zip code and regardless of age.
  • Issue-age rating: This means that the premium will be based on the age at which the plan was purchased. In short, if a person wants to change policy at the age of 75 than the rating will be according to the current age.
  • Attained-age rating: This means that the rate is based on current age.



When it comes to insurance professionals, the marketing opportunities are generally seen as always turning out to be positive. Bringing into the insuring public millions of previously uninsured and underinsured younger people may be a good thing. Supplementing health insurance for seniors will be there. We need to work hard at staying in the game and not getting squeezed out by federal competition. All people out there will certainly still need competent financial services professionals, maybe even more than at present.

There are those in professional positions of economics, demographics, medicine, actuarial science, and other disciplines who think that any public option may not drive out the insurers, especially knowing that private enterprise, ingenuity, innovation, increased efficiency, would allow the private sector even to drive out the public option. Look at how the Post Office, Medicare, Medicaid, VA hospitals, Social Security, and other entitlements have worked out. Remember that trillions of unfunded liabilities and where that has put the nation and the American People. As these liabilities keep coming due, they increase the federal budget! This doesn’t sound like great efficiency.

Finally, in considering Medicare advantage Plans 2019, which help can be found at there is this prediction regarding earned and renewal compensation. Don’t look for some sudden drop off just because of Reform. This author has found from experience that most people are quite cautious and suspicious of new programs and will tend to retain what they have for just as long as they can, until they gain confidence in such programs, or are forced into them. Even then, many, if not most, will still retain current health insurance coverage in some form to pick up what Reform does not. That was this writer’s great surprise with Harris County here in Texas, when in 1970, the County government replaced an outdated and woefully inadequate set of fringe benefits with full comprehensive coverage. Most all the supplemental coverages that were marketed to large numbers of employees from 1965 to 1970 remained on the books for many years. That is likely to happen in our national future.

Seniors should not worry about choosing the right plan being difficult. There is plenty of information on the Internet with detailed answers to their questions and insurance plans with very competitive rates suitable for any budget. Health planning should be taken seriously and handled with care in order for seniors to make the right decision – medicare advantage plans handle this.


In the first part, things will proceed at more or less normal conduct of business in an atmosphere of continuing inflation and increasing taxes. As practitioners, we can expect to market the same or similar coverages as we do now. Adverse Selection(taking into account pre-existing conditions) will still be there to control premiums on life, individual, family, group healthcare, disability coverage, long term care insurance, retirement plans(more on this later), to mention the prominent ones. We still will be doing our due-care, due-diligence, financial planning, fact finding, observing compliance, and doing what is best for the client. There are going to be less people and businesses with which to work, and they will have less money with which to do things. Remember, the client always comes first – words to live by.

Considering Medicare advantage Plans 2019, then visit are several perspectives of view here. Of course, we tend to owe it to those who favor us with their business to let them know what is coming as soon as we know what is in store for them and for ourselves. For the most part, we will try to continue as before – for about the next several years. After that, things begin to get very different.

In the second part however, health insurers drop Adverse Selection and pre-existing conditions no longer play a part in the health underwriting process, at least for much of the individual, family, small group medical insurance, and Medicare Supplementary coverages. We’ll all most likely be undergoing training, certification testing, and more state/federal regulation. There’s an upside to all of this. As long as the health insurance industry remains in play, we should be able to make as much or even more money. Nobody knows what the effect of some U.S. Health Insurance Company, Co-op, or Exchange might have on the viability of the health insurers. The CBO states that some very small percentage of the public will enroll in the Public Option plans. That remains to be seen. Many people will be subject to non-enrollment penalties and fees. . It may be that, since the great majority of Americans probably generally qualify by providing medical evidence of insurability anyway, the impact of accepting all applicants by the commercial insurance companies may not send the overall individual/group premiums skyrocketing (an outcome with which this author does not agree). Those who can’t afford health insurance may get federal subsidies.



The collapse of some 3rd world country’s currency, say the Peso, not long ago, lead to black markets, swap meets, trading for needed goods with hard assets, such as gold, bartering and trading in kind, not to mention increases in violence and crime. When new prices and wages readjust to some new currency, the resultant pricing of goods and services is extremely unfavorable to individuals and businesses. One can hope and pray that this does not happen or at least is some years away. Some experts suggest anything from 2 to 20 years—-read: nobody knows for sure! That said, this leads to strategies that we in the financial services industry can and should probably look into and maybe adopt. If all this sounds like gloom and doom and just too ridiculous, let me assure readers that this writer has done his research, can back it all up, and is most assuredly not making it all up as he goes along! Independent corraboration and documentation on all of this is readily available on the internet, libraries, university papers/archives, and other public records.


Get information on supplement plans at

Here are some practical suggestions for Financial Services Professionals. While nobody can predict the future, this portion of the narrative is best described within some arbitrary time frames. This time division is established for specific reasons. At the time of this writing, the U.S.

Government is poised to pass and place into effect a national healthcare/health insurance reform act. It doesn’t much matter whether or not one is in favor of this particular piece of legislation or some others, reform is necessary and will come very soon regardless of what the final act turns out to be.

The projected costs of the one that looks like it will become the law of the land, warts and all, is estimated at between $1 and $2 trillion over the next 10 years. It will no doubt end up by 2019 considerably more. If it doesn’t, it will stand alone among all the U.S. entitlement programs in the history of the Republic to come in at or below the CBO cost estimates. Look for increasing income taxes, fewer paychecks to tax, very slow employment recovery, very fragile equities markets, more federal currency creation, more inflation, weakening U.S. Dollar. That is the context in which we find ourselves and determines what we do as financial services advisors and implementers. Good luck. That said, let’s discuss the first part.