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Our Blog is an ongoing series of informational entries

Current Topics; Turning 65, Final Expense, PDP. Medicare 2020 Plan F, Corona Virus

How to Detect a Coronavirus Scam

April 6, 2020

Scammers are currently trying to take advantage of fears surrounding the Coronavirus. Given the stress of the current pandemic, it can be easy for well-meaning people to fall prey to these cons.

Here are a few tips to help protect you, your family, and your clients from scammers:

Scammers are currently trying to take advantage of fears surrounding the Coronavirus. Given the stress of the current pandemic, it can be easy for well-meaning people to fall prey to these cons.

Here are a few tips to help protect you, your family, and your clients from scammers:

Hang up on robocalls and don't press any numbers. There have been reports of scam calls regarding fake tests for Medicare recipients.

Ignore online offers for vaccinations and home test kits. These are not approved by the FDA.

Don't respond to emails or texts about receiving checks from the government. The details are still being worked out, so anyone attempting to send you money now is a scammer.

Don't click on links sent from people you don't know. It's easy for scammers to send viruses this way.

Only make donations to legitimate charities. Do your homework to ensure that it is a valid charity, and don't submit donations via cash, gift card, or wired money.



How Do We Pay The Final Expenses When Our Love One Passes?

March 25, 2019

Usually unplanned for when our loved ones pass unexpectedly. Some Life Insurance takes months to pay. Final Expense is a type of Life Insurance that pays within 24 to 48 hours. With no medical exam, there are many types of Final Expense to fit every budget and situation. At Sole Insurance Solutions, we pride ourselves on assisting you in your selection to fit your budget and immediate expenses you will need to cover right away. Just visit us on www.soleinsurancesolutions.com and request a complimentary quote.

Our Blog

An ongoing series of informational entries

Turning 65

March 26, 2019

Today, I received a referral phone call from a friend of a current client. This lady turned 65 this month and had no idea how to enroll in Medicare. I love when this happens since I am a professional speaker on Medicare 101 and have assisted hundreds of new Medicare recipients in learning all about the wonderful benefits of Medicare and how to get started. She also had issues of income which may qualify her for some Medicaid benefits as well. I gave her step by step directions to enroll in Medicare and apply for Medicaid. Once she is enrolled. I will review with her all her options to cover what Medicare does not cover and protect herself from costly deductibles, co-pays, and coinsurance and get extra benefits not covered by Medicare. This is a happy time for our seniors and they have a lot to look forward to. Do you have questions, just text me 919 508 7782, or post a comment, or IM me on Facebook anytime.



PDP Late Enrollment Penalty

March 22, 2019

I have found that the most common issue new Medicare recipients have is related to Prescription Drug Plans on Medicare. Too often when turning 65, seniors who enroll in Medicare only Part A and Part B do not enroll in a PDP (Prescription Drug Plan). Especially if they are not taking any medications. You may be at risk for an LEP, Late Enrollment Penalty. Here are three ways to avoid this penalty. 

3 ways to avoid the late enrollment penalty

1. Join a Medicare drug plan when you're first eligible.

You won't have to pay a penalty, even if you've never had prescription drug coverage before.

2. Don't go 63 days or more in a row without a Medicare drug plan or other creditable drug coverage.

Creditable prescription drug coverage could include drug coverage from a current or former employer or union, TRICARE, Indian Health Service, the Department of Veterans Affairs, or health insurance coverage. Your plan must tell you each year if your drug coverage is creditable coverage. They may send you this information in a letter, or draw your attention to it in a newsletter or other piece of correspondence. Keep this information because you may need it if you join a Medicare drug plan later.

3. Keep records showing when you had creditable drug coverage, and tell your plan about it.

When you join a Medicare drug plan, the plan will check to see if you had creditable drug coverage for 63 days or more in a row. If the plan believes you didn't, it will send you a letter with a form asking about any drug coverage you had. Complete the form and return it to your drug plan by the deadline in the letter. If you don't tell the plan about your creditable drug coverage, you may have to pay a penalty.