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What Is 30-year Term Life Insurance and How Does It Work?
Posted by Randy Jones Insurance Services
The 30-year term life insurance is an insurance policy that provides its users with life insurance coverage for 30 years. However, it requires you to pay your premiums periodically to make good use of its benefits. This insurance coverage spans 30 years. For this reason, most insurance companies do not issue the policy…
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Should You Enroll for Medicare If You Are 65 and Still Working?
Posted by Randy Jones Insurance Services
It seems wise for a 65 or older employee who is covered under group health insurance to sign up for Medicare, as it can help minimize out-of-pocket costs. However, Medicare is complicated, and there are many caveats and some surprise expenses that need to be avoided. Let's understand the different scenarios when a…
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How Does Health Insurance Typically Work in the U.S.?
Posted by Randy Jones Insurance Services
The necessity of taking out health insurance cannot be overemphasized as healthcare costs continue to skyrocket. Each doctor's office visit can cost up to several hundred dollars in the U.S. Additionally, a few days of hospital admission can incur a cost of tens of thousands of dollars. Health insurance coverage helps cover your…
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How the American Rescue Plan Has Made ACA Health Insurance Cheaper
Posted by Randy Jones Insurance Services
The American Rescue Plan (ARP) was recently signed into law and has helped reduce the cost of health coverage under the Affordable Care Act (ACA). This is the largest expansion of the ACA since it was signed in 2010. This plan expands subsidies significantly, increasing subsidies for those who qualified before and for…
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6 Common Life Insurance Myths and the Truth Behind Them
Posted by Randy Jones Insurance Services
There are several common myths about life insurance, which can cause lots of confusion. This article discusses 6 of these myths while providing accurate information regarding each one. 1.Life Insurance Is Costly A study conducted in 2017 by LIMRA found that most people assumed life insurance policies cost more than three times the…
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