Wallace Insurance

Prescription Drug Formularies Change: Medicare drug plans can change their covered medications and costs each year. Reviewing your plan during the Annual Enrollment Period can help ensure your prescriptions remain affordable.

Medicare and Travel: If you travel frequently, it's important to understand how your Medicare coverage works away from home. Some plans may offer more flexibility and broader access to care than others.

Medicare Is Not One-Size-Fits-All: The best Medicare plan for one person may not be the best plan for another. Your doctors, prescriptions, budget, and lifestyle all play a role in choosing the right coverage.

Medicare Enrollment Timing: Turning 65 soon? Your Initial Enrollment Period begins three months before your 65th birthday month and lasts for seven months, helping you avoid costly late enrollment penalties.

Medicare Doesn't Cover Everything: Original Medicare helps cover many healthcare expenses, but it doesn't pay for everything. Understanding your out-of-pocket costs can help you choose coverage that fits your needs and budget.

Long Term Care are services that include medical and non-medical care provided to people who are unable to perform basic activities of daily living such as dressing or bathing. Long-term supports and services can be provided at home, in the community, in assisted living or in nursing homes. Individuals may need long-term supports and services at any age. Medicare and most health insurance plans don’t pay for long-term care.

COBRA stand for Consolidated Omnibus Budget Reconciliation Act. It's a law that protects you and your family if you lose your employer-sponsored health benefits. If you qualify for COBRA coverage, then you have the option of continuing your employer-sponsored health plan for a limited period of time.

Critical Illness Insurance provides benefits when a covered person is diagnosed with an eligible condition like heart attack, stroke, major organ transplant, end stage renal failure or coronary artery bypass surgery.

Stress Can Effect The Mind: Stress is one of the brain’s worst enemies. Over time, chronic stress destroys brain cells and damages the hippocampus, the region of the brain involved in the formation of new memories and the retrieval of old ones. Studies have also linked stress to memory loss.

Part A (Hospital Insurance): Helps cover inpatient care in hospitals, skilled nursing facility care, hospice care, and home health care.