Question 1

Will health insurance cover all of my medical expenses?

Accepted Answer

No. A health insurance plan is a contract between you and an insurance company that covers a portion of your medical expenses in exchange for a premium.

Question 2

What are Medicare plans?

Accepted Answer

Medicare plans are health insurance options for people who are eligible for Medicare.

Question 3

Why is it important to have Disability Insurance?

Accepted Answer

Disability income insurance offers financial support to insured individuals who are unable to work due to an accident, injury, illness, or disability.

Question 4

What is the difference between Short-term and Long-term disability?

Accepted Answer

Short-term disability (STD) is an insurance benefit that provides a portion of your income for a limited period, typically ranging from a few weeks to a few months, when you are unable to work due to a temporary illness or injury.

Long-term disability (LTD) offers income replacement for a more extended duration, often lasting several years or until retirement age, for individuals who are affected by a long-term disability that prevents them from working.

Question 5

Why is Long-term care important?

Accepted Answer

Long-term care encompasses a variety of services and support for individuals with chronic illnesses or disabilities, as well as those at risk of declining functional ability. This care may include both medical and non-medical support, and is often referred to as "custodial care" or "long-term services and support."

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