In recent years you may have come across the term ‘Medigap,’ which is a Medicare supplement insurance that serves the purpose of filling the gaps in the original Medicare plan. Private insurance companies sell these insurance policies, and the goal is to support or supplement your original Medicare benefits. Medicare is a health program backed by the state and administered by the Social Security Administration. Any person who goes to work usually pays Medicare taxes so that he can get Medicare benefits in old age. Medicare provides health insurance to senior adults at or above 65 years, younger individuals with any disability, and people with ALS (Arterial Lateral Sclerosis), or ESRD (End-Stage Renal Disease). What is the Purpose of the Medicare Supplement Insurance Plan? Most people might not know, but Medicare is [...]

Everyone hopes of living a happy and comfortable life, but ups and downs are part of life. However, planning out your future goals and available options can make it easy for you. We live in fast times where nearly everyone has a busy lifestyle, particularly if one is married, has kids, and manages a job. Life insurance is one vital aspect that helps to cover the financial burden of a family on the passing of an insured person. In simpler terms, life insurance is a legal agreement or contract in which an insurance company agrees to pay a particular sum of money or cash benefits to the family of the beneficiary when an event that the policy covers happens. The Significance of Life Insurance The purpose of life insurance is to provide [...]