Senior Insurance

Our senior services include Medicare Insurance policies, Medicare Advantage Plans, Long Term Care, Senior Life insurance, and Annuities.

Benefitsdallas has been helping seniors over forty years. Our experience, allows us an understanding of the evolving changes in the Senior market providing the right coverage to meet your individual needs. 

Contact Benefitsdallas to learn  how Medicare supplements insurance or Medicare Advantage Plans can lower out of pocket expenses. 

Be prepared for the future. Let Benefitsdallas assist you with solutions to the financial costs associated with Long-Term Care.

Planning your estate? Find out how life and annuities make great investment components.

Let us advise you, we can help you make the smart choice.

 

Our Products

Medicare Advantage

Medicare Advantage plans are health plan options that are approved by Medicare, but run by private companies. Medicare Advantage plans provide all of your Part A (hospital) and Part B (medical) coverage and must provide at least the same benefits as original Medicare. Medicare Advantage plans charge different premiums, doctor networks, different benefit plans, so it is important to carefully check with the plan before you join.

Medicare Advantage plans generally offer  prescription drug coverage. In many cases, your costs for prescription coverage can be lower than in the stand-alone Medicare prescription plans.

The Medicare Advantage plans have provider networks. This means you see doctors who belong to the plan, or go to certain hospitals to get covered services. The managed Medicare Advantage plans coordinate your care using networks and referrals.

 

Medicare Supplement Insurance

Medicare Supplement Policies or Medigap policies are private insurance policies to cover expenses Medicare Part A and Part B do not cover. All Medigap policies must follow Federal and State laws.

Plans are identified by the letters A-N. Each standardized Medigap policy must offer the same basic benefits, no matter which insurance company sells it. Cost is usually the only difference between Medigap policies with the same letter sold by different insurance companies.

Medicare Supplement policies are not limited by service areas or doctor networks. They are used with your Medicare A and B to cover the 20% and deductibles associated with Medicare. The Supplements provide a stop loss for your out of pocket expenses. Medicare Supplements work in conjunction with Medicare. If Medicare does not cover the expense the neither will the Supplement.

 

What Is Part D (Medicare Prescription Drug Coverage)?

Medicare prescription drug coverage is insurance run by an insurance company or other private company approved by Medicare. There are two ways to get Medicare prescription drug coverage:

1. Medicare Prescription Drug Plans.

These plans (sometimes called “PDPs”) add drug coverage to Original Medicare, some Medicare Cost Plans, some Medicare Private Fee-for-Service (PFFS) Plans, and Medicare Medical Savings Account (MSA) Plans.

2. Medicare Advantage Plans 

Your Part A and Part B coverage, and prescription drug coverage (Part D), through these plans.

Medicare Advantage Plans with prescription drug coverage are sometimes called “MA-PDs.”

Am I required to have a Part D plan?

Yes you are required to enroll  when you are eligible for Part D unless you  have credible coverage.

What is credible coverage?

Creditable coverage is prescription drug coverage that expects to pay, on the average, at least as much as Medicare's standard Part D coverage expects to pay.                                                                                                                     

What is the penalty if I do not sign up or have credible coverage?

The penalty will be 1% of the national average beneficiary premium for each month the beneficiary did not have Part D coverage or credible coverage. This penalty will be added to your part D premium cost each month.

For more information on Prescription Drug Coverage go to www.medicare.gov

 
 

Long Term Care

Health insurance does not pay for long-term care services in a nursing home or assisted living facility, nor does Medicare. Long-term care insurance can put you in control, preserving your dignity and allowing you to select the type of facility and setting in which you want to receive long-term care services, if needed.

Long-term care insurance also helps protect your personal assets, preserving them for your use or as an inheritance for your family.

How much does it cost? 

Cost for long term care is determined by Age, Sex and health at the time of applying.,Other benefits selected will affect the cost of the policy such as: Daily Benefit amount, Benefits Period, Elimination Period, Inflation and Long Term Care Premiums are eligible for a tax deduction.

How does it work? 

The determining factor for going on claim is a loss of two of your  Activities for Daily Living (ADL). Feeding, dressing, bathing, transferring (moving from chair to bed) voluntarily controlling bodily functions and ambulation (walking or using a wheelchair. Cognitive reasoning is another qualifier for Long Term Care. Benefits are paid according to the policy to the provider or individual depending on how the policy is written for the length of benefit chosen for care for Home Health, Assisted Living and Nursing Home.

 
 

Heart

The number one killer of American men and women is cardiovascular disease. 1.2 Million Americans have a heart attack. 50% of men and 64% of women who die suddenly of coronary heart disease have NO PREVIOUS SYMPTOMS!

How much does it cost? 

The premiums for a cancer policy are determined by age, dependents covered. premiums do not change from year to year but stay level from the time you purchase the coverage.

How does it work? 

First Diagnosis Benefit Policy. Upon first diagnosis of Cancer the policy will pay a cash benefit you have selected. Benefits are paid to you not the provider. $10,000,$20,000, $30,000, $40,000 or $50,000.

Stroke Rider and intensive care rider can be added for additional coverage up to the maximum daily benefit selected.

 

Life Insurance

While life insurance cannot replace you, it can provide the funds to:

  • pay final expenses
  • replace all or a portion of your income
  • keep your family in their home
  • establish a college education fund
  • cover financial emergencies
  • provide a child and/or home care fund

How much life insurance is enough?


This question is best answered through an analysis of your family and financial situation, as well as your financial goals and objectives. All life insurance falls into one of two categories of coverage. Each category has certain characteristics that make it more suitable for certain needs:

1. Term Life Insurance

  • Provides temporary protection for the term of the policy.
  • If the insured dies within the term period, the insurance company pays the death benefit.
  • If the insured survives the term period, the coverage terminates.

2. Cash Value Life Insurance

  • Provides lifetime protection, so long as the policy is kept in force.
  • The insurance company pays the death benefit regardless of when death occurs, so long as the policy is kept in force.
  • The policy accumulates cash values that can be used during the insured’s lifetime (withdrawals and loans will reduce the policy’s death benefit and cash value available for use)

How much does it cost?

 This question is best answered through an analysis of your family and financial situation, as well as your financial goals and objectives. Other factors to consider are your age, sex and medical history. 

How does it work? 

Generally the policy will pay benefits after you die to your beneficiary. With the changes in the law, Accelerated death benefit riders allows you to access the face of the policy for serious illness as well as Long Term Care needs.

 

Senior Dental Insurance

Dental insurance helps cover costs related to dental care. Types of dental plans include:

1. Traditional Plans will cover Preventative 100%, Basic 80% and Major services 50%.
2. Preventative will cover only services related to teeth cleaning and x-rays.
3. Traditional PPO Plans will cover Preventative 100%, Basic 80% and Major services 50%. By choosing Dentist’s contracted by the carrier out of pocket expenses are lower than a Traditional plan.
3. DMO or Fee for Service are the least expensive but more restrictive. You must choose a primary dentist and use the referrals for major services. Cost is pre determined by a fee structure.

How much does it cost? 

Cost can range from $10.26 for a DMO for an individual to $50+ for a traditional plan.

Are there waiting periods? 

Individual plan generally have waiting periods for basic 3 -6 months and major services 12 months. Fee for Service or DMO will have immediate coverage for services.

 

Cancer

The American Cancer Society says more than 93 million American will get some type of cancer in their lifetime! Cancer policies are used to supplement costs related to this disease and the treatment. They will provide the cash for medical expenses, loss of income, travel expenses and cosmetic surgery or experimental treatment. not covered by medical insurance.

How much does it cost? 

The premiums for a cancer policy are determined by age, dependents covered. premiums do not change from year to year but stay level from the time you purchase the coverage.

How does it work? There are two types of cancer policies. First Diagnosis Benefit Policy and Cancer Treatment Benefit Policy.  Upon first diagnosis of Cancer the policy will pay a cash benefit you have selected. ($10,000,$20,000, $30,000, $40,000 or $50,000.)  

Cancer Treatment Benefit Policy Benefits are paid for procedures related to your cancer treatment. Both policies benefits are paid to you, not the provider.