949-300- 3022 neil@insurance-oc.com

What is the Coverage Gap (Donut Hole)?

The cost of the average drug plan is under $30/mo, which barely pays for 1 prescription. The Coverage Gap (donut hole) was meant to control drug costs and keep the program sustainable. Here’s how it works: THERE ARE 4 “STAGES” IN A DRUG PLAN: 1....

Medicare Prescription Drug Coverage

IF YOU HAVE A MEDICARE ADVANTAGE PLAN: Drug coverage is already included in the plan. IF YOU GET A MEDICARE SUPPLEMENT: Drug coverage is not included. You should buy a separate drug plan. GET THE RIGHT PLAN: All drug plans are not created equal. If you’re taking...

Long-Term Care Insurance

Long Term Care (LTC) is probably the most needed yet least purchased insurance. Why the most needed? You’ll see below. Why the least purchased?Mainly because it’s expensive and if you don’t use it, then all your premiums were paid for nothing. But...