How will my family pay if I end up in a nursing home?
According to Genworth’s “Cost of Care Survey“, the average cost of a nursing home in Ohio is $7,908 a month for a semi-private room, and $9,034 for a private room. “But what if I’m able to stay in my home and have someone come to me?” Homemaker services today average $4,957 a month, while a […]
Why is my insurance increasing, and will it continue?
January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation By L.S. Howard | January 4, 2023 / The Insurance Journal (unfortunately, it’s not getting better anytime soon) A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went down to […]
How much life insurance can I buy for the same monthly cost as YouTube TV?
Most people go without adequate life insurance coverage because they grossly overestimate the cost of a life insurance policy. But we don’t think twice about paying for our cell phones, internet, and streaming services. None of which will help our families pay the bills and stay in the family home in the event of a […]
How are Medicare Supplement Premiums determined?
The premiums charged for Medicare Supplements can be determined by three different premium types. These would be “attained age”, “issue age”, and “community rated”. Each state in the US has one that’s more popular than the others. As you approach Medicare age or eligibility, please be aware as to how these three rating types differ […]
Life Insurance Can Cover Your Family Through Every Stage
Life Insurance Can Cover Your Family Through Every Stage BY PEKIN INSURANCE · JAN 3, 2020 ·3 MIN READ Time travel. That’s the only way to explain how the years disappeared. In the blink of an eye, a carefree teen changed into an adult with a house, a committed partner, and a family. Don’t worry! […]
Good Medicare changes for Insulin and the Shingles Vaccine
Beginning January 1, 2023 there have been coverage changes regarding Insulin for those on Medicare resulting from the Inflation Reduction Act. Prescription Drug Plans (PDP) cannot charge you more than $35 for a one month supply of each covered insulin that you are prescribed. Companies can also no longer charge you a deductible for those drugs. […]
Do I get Vision and Dental Coverage with Medicare?
We are often asked if Medicare includes coverage for routine vision exams, glasses, contacts, dental cleanings, or routine hearing exams. The answer depends on what kind of Medicare plan you have. Traditional Medicare Supplements do not cover routine visits to the eye doctor, dentist, or audiologist. Medicare will generally only cover dental procedures in an […]
Liquid assets just sitting around that you intend to leave to the kids or grandkids?
Parents or Grandparents sometimes have discretionary money set aside that they never plan on spending. These funds are often intended to be passed down to the kids or the grand kids. If that’s the case, what we have done for many of our other clients in this position is to move that money, instead – […]
How to Prevent My Water Lines from Freezing
How to Prevent Frozen Pipes BY PEKIN INSURANCE · DEC 17, 2021 ·2 MIN READ The words “frozen pipes” can strike fear into the heart of any homeowner. Why? Freezing water puts excessive pressure on pipes which can then burst, releasing a possible torrent of water in your home. Even after repairing and cleaning up […]
Avoid USPS Delays with Paperless Billing and Electronic Payments
Combat USPS Delays with Paperless Billing and Electronic Payments BY PEKIN INSURANCE · JAN 19, 2022 ·1 MIN READ It is no secret that delays within the United States Postal Service system have created issues for individuals and businesses alike. We recognize that insurance billing has been impacted by these shipping delays which can lead […]