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ways to lower health care costs Archives - Steinlage Insurance Agency

Mid year checkpoint for Part D

By | Making the Most of your Medicare | No Comments

As we approach the middle of the year, now is a good time to review your Part D plan.  Even though the Annual Enrollment Period runs from 10/15/13 – 12/07/13, a little maintenance now can provide more money in your pocket later in the year. Every Medicare Part D plan has the “donut hole” embedded in it.  The donut hole starts when total drug costs exceed $2,970 (2013 figures).   The $2,970 is calculated off of the actual cost of a prescription, not the amount of your co pay.  For example Nexium, an acid reflux prescription, might be a $35/month co pay at a pharmacy.  The actual cost of Nexium is around $150/month.  The amount that counts to the $2,970 is the $150.  This is important to keep in mind because your annual costs can add up much faster than you realize.   Here is a detailed explanation. What to do now – Since…

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Options for Mutual of Omaha Medicare Supplement Policyholders

By | Making the Most of your Medicare | No Comments

 Is your United of Omaha or Mutual of Omaha Medicare Supplement premium increasing June 1st?  If so, our agency can help.  We represent many different insurance companies that offer seniors in Missouri the most competitive rates on Medicare Supplement insurance.  In the last few weeks, we have helped many clients find alternatives to these escalating premiums. Missouri has a unique law that allows policyholders to change their Medicare Supplement plan without any underwriting, regardless of pre existing conditions, to save money on their premiums. For example, if you are a 68 year old male with United of Omaha, your premium may be increasing to $220/month or more for Plan F.  There are other A+ rated insurers that offer a 68 year old male the exact same coverage, Plan F, for only $177/month. Contact us today for a free, no obligation comparison of your Mutual of Omaha Medicare Supplement policy and…

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Will wellness programs succeed in the workplace?

By | Making the Most of your Medicare | No Comments

 There is a lot of talk about wellness and preventive medicine with the upcoming Health Care Reform.  Our current health care system has been called a “disease management system” with little focus on preventing chronic conditions.  Wellness programs are put in place by employers in an effort to reduce health care costs by encouraging healthy activities and lifestyles.  They often follow a carrot and stick mentality.  An employer will reward the employee who participates in a smoking cessation class or weekly weigh ins with a reduction in health insurance premiums or a lower deductible.  If you high tail past the gym on your way to a smoke break, you pay higher premiums and higher deductibles.    These programs are starting to become more popular and the upcoming reform certainly plays a role. It lets employers vary premiums based on wellness program participation by as much as 30 percent — 10…

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