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Greetings! We invite you to view our spring newsletter here: https://mailchi.mp/0eaaae047c63/spring-2025-updates-wnc-strong?e=32b443aff7   Hurricane Helene caused more than $250 billion in economic losses and property damage, prompting some insurance companies to up the stakes in Western North Carolina.
News 13 investigates the hardships for homeowners coupled with property loss and what steps you can take to keep from receiving a cancellation notice. Read the full story by Jennifer Emert.  The Centers for Medicare & Medicaid Services (CMS) recently announced important updates for Medicare beneficiaries. These updates include a projected decrease in the average monthly premium for Medicare Part D plans in 2024 and significant changes to the catastrophic coverage drug phase.
These developments will help provide beneficiaries with lower out-of-pocket costs and improved coverage options. Below, we discuss the details of these changes and their potential impact on you, the beneficiary. For More Information on the changes to Medicare Prescription Drug Plans, click the link to the article HERE 5 Factors That An Insurance Company Might Assess Prior To Underwriting Your Health Insurance Plan8/24/2023  Insurance companies assess health insurance applicants based on medical history, age, lifestyle habits, current health, medication, and other factors.
With rising medical costs, having a health insurance policy is very important. A health insurance policy will cover lakhs of rupees in hospital bills if you pay a certain premium yearly. However, when you apply for a health insurance policy, the insurance company will assess different factors to decide whether you are eligible for the policy and the premium. Learn more Here.  In the wake of Covid, travel insurance sales have spiked with the rebound in travel as people seek to protect their investments against flight delays and cancellations, extreme weather events, and the persistence of the virus. But travel insurance is complicated with a range of benefits, inclusions, and prices. Here’s what you need to know before you buy.
Know what’s covered: Generally speaking, travel insurance covers unforeseen events, like an illness in the family, the loss of a job, or a natural disaster, that force you to cancel or interrupt a trip. It can also apply in the event of a strike at a transportation company, a terrorist attack at your destination, or when your travel provider goes bankrupt. These are known as covered reasons. Most polices also include medical coverage, which is useful abroad where your health insurance may not cover you. While policy prices vary based on age, length of travel, and type of coverage, expect to pay between 4 to 10 percent of your entire trip cost to get insured. Learn More About Travel Coverage in this article written by Elaine Glusac at the New York Times HERE Elaine Glusac Insurance companies want to hike rates for rental and investment properties by nearly 50% statewide, but a lot more at the coast. Why? Blame climate change and rapid growth  If you own a second home at the beach or an investment property, prepare to take another hit in the pocketbook.
Less than eight months after raising insurance rates on rental properties by a statewide average of nearly 10%, the group that represents the state's insurance industry wants to increase the cost of new and renewing policies by more than half starting next summer. Continue to read this article by Gareth McGrath USA TODAY NETWORK HERE CMS projects average monthly prescription drug charge to fall by nearly $1 The average monthly premium for Medicare Part D prescription drug coverage is expected to fall slightly in 2024, to $55.50, a 99-cent drop from the 2023 average of $56.49, the Centers for Medicare & Medicaid Services (CMS) announced on July 31.
The amount beneficiaries will pay in 2024 will vary depending on which prescription drugs they take, what plan they pick and where they live. In addition to premiums, deductibles and copays also vary by plan. CMS says more than 51 million Medicare beneficiaries currently have prescription drug coverage. More information about the Part D Premium decrease can be found at AARP.org Learn more about your Medicare options at MedicareOptionsForYou.com |
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