Assistance with Medicare Plans, Long-Term Care Insurance and Life Insurance for a Legacy

Navigating the details of a Medicare Plan, or additional insurance plans can be challenging.

Other confusing considerations may occur as well, where things like long-term care insurance (LTC) or life insurance for legacy needs are concerned. Fortunately, there are places like Senior Watchdog that can help you get the assistance you need with such things.

Extra Help for Medicare drug plans

One of the ways people with lower incomes can pay for Medicare Part D (prescription drugs) is with the Extra Help program. This program helps cover the cost of premiums, deductibles and more. Utilizing the Extra Help program requires some documentation, such as notices from Social Security or Medicare, to determine the level of help you may qualify for.

Savings Programs for Medicare Part B

The state may be able to help you pay your premiums for Medicare Part B with Medicare Savings Programs. There are four different MSP’s available: Qualified Medicare Beneficiary Program (QMB), Specified Low-Income Medicare Beneficiary Program (SLMB), Qualifying Individual Program (QI) and Qualified Disabled and Working Individuals Program (QDWI). Conditions apply for each, but if you qualify for any one of these except QDWI, you will automatically qualify for the Extra Help program.

Long-term care

While Medicare doesn’t typically cover long-term care (LTC), such as custodial nursing home stays, state programs like Medicaid can help with these costs. Many nursing homes accept Medicaid and enrolling depends on your income. Long-term care plans may vary, so check with your provider if the type of care you need (nursing home, assisted living, home care, etc.) is covered.

Life insurance for a financial legacy

There are many ways to leave a legacy for your loved ones. One of which is to help your family be financially secure, even after you are no longer there. A life insurance policy for this purpose can help. With this policy, your family (or other beneficiaries) will receive a tax-free lump sum payment when you die. This may be used to offset income taxes, college costs, pay off debt or whatever you like. Another creative way to use life insurance is to use it as a 401k if you do not have one. There are many options when it comes to life insurance.

Programs and policies like these contain a lot of intricate details that can be difficult to manage. This is where Senior Watchdog is here to help you at each step to get the right plans that make the most sense for you.

For more information and to ask any questions on getting help with a Medicare Plan, or with LTC or life insurance policies, visit or call us at 815-223-9394.

Senior Watchdog

801 2nd Street

LaSalle, IL 61301