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Judi L. Woods Agency Blog

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Summary of Benefit and Coverage Forms

Well we are rounding the bend regarding a very important election year and personally I will be glad when the results are in.. What ever your preference PLEASE VOTE..  Everyone wants to know what is going to happen with Health Care Reform, Medicare Benefits, Estate Taxes and more regarding insurance after the election. So far all that has been said and predicted is just that.. a prediction. So we all will have to wait and see what happens after the elections, and after the dust settles.. know I will do my very best to keep you informed on what really happens. 
 
Summary of Benefit and Coverage Forms  
 
The purpose of the Summary Benefit and Coverage (SBC) is to give policy holders information about a health insurance plan's benefits in "plain language," so they can make appropriate purchasing, enrollment and coverage decisions. Effective September 23, 2012, it is mandatory for insurance companies, agents and employers to distribute SBC Forms to policyholders in compliance with the guidelines established by the Affordable Care Act. Summary of Benefit and Coverage FormsThese SBCs are required to be distributed at certain "trigger events" including: * Before plan renewal* With enrollment materials or during the enrollment period* To newly eligible employees* After a special enrollment* Before making mid-year changes to medical plans* Upon request To learn more about this new regulation, CLICK HERE TO VIEW MORE INFORMATION FROM AETNA.
 
*Information from SBC Brocure by Aetna
 
 
 

Get to Know Judi as More Than Just Your Insurance Agent

Many of you know Judi Woods as a helpful insurance expert that assists her clients in finding the insurance that best fits their needs, but did you know that Judi is also very involved in meeting community needs? 
 
Eleven years ago Judi became keenly aware of an important need in our community and founded a unique evidence-based mentoring, and academic achievement program for young women in and "aging out" of the foster system, called Footsteps to the Future (FTTF). She decided that, with the help of compassionate, positive women she would do her best to make sure that this population of young women is not forgotten and instead given opportunities to thrive in our community and become educated, job ready, and self-sufficient, contributing members of our community.  
 
If you are looking for positive ways to get involved in the community and make a difference... Footsteps to the Future may be it!  Check out the FTTF website to learn more.
 
Also - if you are getting started on your holiday gift shopping, check out Footsteps to the Future's "Giving and Sharing Naturally" fundraiser sponsored by SudsMaMa. Their fragrance line is fresh and memorable. Guided by their principle of quality before quantity, all of their products are freshly made, by hand, with exceptional care.

Applying for Medicare

Turning 65 and unsure where to start? If you are not currently receiving Social Security Income and you would like to enroll in Medicare you should start by applying for Medicare.  You can apply three different ways:
 
  1. Enroll at your local social security office
  2. Enroll over the phone by calling the Social Security Administration 800-772-1213
  3. Enroll online http://www.ssa.gov/medicareonly/
 
It generally takes about 30 days for your application to be processed and you should receive your Medicare card within 45 days.  However, there are always exceptions and sometimes it takes longer.  It is best to apply early, so you can make sure everything is processed in a timely fashion.  You can apply for Medicare as early as 3 months before you turn 65.  Applying early will also give you plenty of time to apply for a Medicare Supplement.
 
More questions?  Contact us. We are always updating our blog with useful information.  And please do yourself a favor read our information regarding Long Term Care..protect your assets!!

Premium Increases are Predicted for Medicare Part D Prescription Coverage

According to a recent article by Weiss Ratings, seven out of the ten most popular Medicare Part D Prescription plans are predicted to increase by double digits next year.
 
  • Humana Walmart-Preferred Rx Plan (23 percent)
  • First Health Part D Premier (18 percent)
  • First Health Part D Value Plus (17 percent)
  • Cigna Medicare Rx Plan One (15 percent)
  • Express Scripts Medicare-Value (13 percent)
  • HealthSpring Prescription Drug Plan (12 percent)
  • Humana Enhanced (11 percent)
 
Three of the ten most popular plans Silver Script (8 percent), WellCare Classic (3 percent) and AARP Medicare RX Preferred are predicted to increase less drastically.  AARP's plan is only expected to increase the least - only $0.57 per month on average.  What does this mean to you? It's no secret that it is difficult for seniors to wade through the enormous amounts of health care information they receive in regards to Medicare and Medicare Supplements.  It is important to make sure all options are carefully considered.  Whether you or one of your loved ones is trying to decide what option is best - call us!  Judi L. Woods agency is an insurance brokerage firm which means we offer many plans throughout the state of Florida, and we can help you make an informed decision! 
 
Remember, Medicare Open Enrollment is from October 15, 2012 until December 7, 2012, so if you are looking for a change in coverage give us a call - we can help! To read the rest of Weiss Ratings article click here.
 

Preventative Cancer Screening for Women and Men

As we focus this weeks newsletter on the issue of breast cancer, we want to encourage you to be proactive in maintaining a healthy lifestyle.  Be aware of the resources that are available to you and take advantage of them.  The Affordable Healthcare Act has made it mandatory for insurance companies to pay for the following services without any cost sharing from the policy holder (YOU!):
 
 
  • Breast cancer mammography every 1 to 2 years for women over age 40
  • Breast cancer chemoprevention counseling for women at high risk for breast cancer
  • Cervical cancer pap test for women
  • Prostate cancer screenings for men
  •  
    Click here to learn about additional preventative care services that are available to women & men under the Affordable Healthcare Act.