New Virginia Law Makes it Easier to Switch Medicare Supplement Plans: What the Birthday Rule Means for You

New Virginia Law Makes It Easier to Switch Medicare Supplement Plans – Thanks to the Birthday Rule! Exciting news for Virginia Medicare beneficiaries. A brand-new law was just signed that gives you more freedom and flexibility with your Medicare Supplement (Medigap) plan. What Happened? This new law introduces something called the “Birthday Rule,” and it’s going to make it much easier for you to shop around for a better Medicare Supplement plan—without worrying about your health history. What Is the Birthday Rule? Starting July 1, 2025, if you have a …

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What You Need to Know: Big Changes Coming to Medicare Part D in 2025

Starting in 2025, Medicare Part D prescription drug plans will undergo some major changes, thanks to the Inflation Reduction Act (IRA) of 2022. These updates are designed to make medications more affordable and offer better financial protection for seniors and people with disabilities. Here is a quick overview of what is coming: 1. $2,000 Cap on Out-of-Pocket Costs Beginning in 2025, no one on Medicare Part D will have to pay more than $2,000 a year for their prescription drugs. This is a huge relief compared to the current system, …

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Navigating the Crazy World of Healthcare & Health Insurance in the USA

Chapter 1: The Job Struggle The joys of being a working-age adult in the United States – where healthcare is like a game of hide and seek, and if you are lucky, your job might come with some “good” benefits. But let’s face it, even with those benefits, using them feels like entering a financial labyrinth. Deductibles and coinsurance and so many other terms. Chapter 2: Decoding the Jargon Let’s break it down: premiums, deductibles, co-pays, coinsurance – it’s like learning a new language, but one you never signed up …

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1,000 Thank You Postcards

I love writing handwritten thank you cards to new clients. It is something I truly enjoy doing. Well, it has gotten to the point I am so far behind sending out thank you cards that I have to streamline the process. I created some preprinted Thank You Postcards. I decided based on the current rate of referrals and new clients to order 1,000 postcards. I almost feel like Jim Carrey when he wrote himself a check for $10 Million. I kept looking at the quantity to order and 1,000 made …

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ITK Insurance at the CAREGIVERS’ CONFERENCE: Supporting Seniors and Sharing Medicare Plan Information

At ITK Insurance, we recently had the opportunity to participate in the enriching CAREGIVERS’ CONFERENCE, where we engaged with attendees at the Anthem Healthkeepers exhibitor table to share valuable information about Medicare Plans. Here’s a brief recap of the event: Event Details: Engaging with Attendees: Sharing Valuable Information about Medicare Plans Informative Presentations: Insights from Industry Experts The conference featured presentations by knowledgeable speakers on various caregiving topics: Commitment to Empowering Caregivers and Seniors Continuing Our Mission: To be in the know, stay in the know and share what we …

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