Will There Ever Be a Vaccine for COVID-19?

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President Trump said on (May 15) that the administration will pay to produce vaccines. They are still testing possible vaccines and working diligently around the clock.  At this time, we do not know if the vaccines will be made as government-funded options or through private drug company facilities.

This makes it very important to have health insurance! Everyone needs to make sure they are covered and that their insurance will cover the cost of the vaccine. Get a health insurance quote today by going to my website: https://insurancenana.com/ , or call me at: 770-527-5598

Here’s Why You Need to Be Covered by Health Insurance: Experts think that supply and demand of the new vaccine (when it is finally discovered) will be a big problem! Government-funded sites have been criticized in the past as costly to maintain, but the United States would have more control over price if the vaccines were produced at those facilities. No government representative can comment as this time as to when or where the COVID-19 vaccines would be available.

As part of the administration’s *Operation Warp Speed, the FDA is speeding up clinical trials of vaccines and working on this a quickly as possible. The government is ramping up production and pending approvals of trial vaccines in hopes that some would be approved.

The vaccine production facilities have been criticized over the years. Before a pandemic was reality, the cost of maintaining them has been viewed as excessive, so it was difficult to get the government to pay its share, a former HHS official said, and it was difficult to attract private companies to use the facilities. The United States already is now competing with other countries for access to a COVID-19 vaccine even before it has even been created. If the U.S. managed to produce a vaccine here, we could avoid that problem of there not being enough. The U.S. administration likely fears there will not be nearly enough supply for everyone in the world.

The other consideration is the price of the vaccine. Government manufacturing of vaccines would make it much easier to set affordable prices. Drug companies have indicated that they’ll wait until the pandemic passes before they cash in on pandemic drugs and vaccines, however, we will see if this is true.

Some people may not be able to afford a vaccine at all, and they will expect the U.S. to pay the cost, or their insurance. President Trump officials did not seem to be concerned about prices of the vaccine, but as a health insurance agent, I want you to know that I am concerned! I want you all to be protected and have insurance coverage. Call me today for a quote on a health insurance policy for you or your family. Get insurance coverage and protect yourself and your family.

 

Read about *Operation Warp Speed

Get a health insurance quote: https://insurancenana.com/  >>>Call me at: 770-527-5598

 

Has COVID-19 Affected Your Health Insurance?

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What if I lost my Health Insurance due to job status change?  First, just know that you have options.

If you lost your job and were on a group plan: You now have 60 days to find new coverage. If you would like to get a Marketplace Plan (aka Obamacare) then you have a special open enrollment and as long as you choose a plan within 60 days of losing your group plan. Depending on your new income (or non-income) status, you might even qualify for a government subsidy to help you pay for your Marketplace plan.

If your job is offering COBRA- STOP! This might not be your best option. COBRA does not take into consideration your new income level and most of the time COBRA is your most expensive option.

What if COBRA is too expensive, and the marketplace plan is too, because of your overall income? If it is also too expensive, I do have other options. There are some great options that are about half the cost of both COBRA and Marketplace!

If all of this sounds confusing, just reach out to me and I will gladly walk you through the maze of your options.

Which plans cover COVID-19? That is a great question right now, and I know people that are really concerned about this virus.

What if I am hospitalized or have to be in the ICU for weeks. What if? Never before in our lives did we have to worry so much about our health and wonder if we have the right coverage.

  • The policies that cover pre-existing conditions will be the Marketplace (aka Obamacare) or COBRA. So, if you currently are dealing with a major illness or even COVID-19, both of these plans will cover you right away.
  • If you have no pre-existing condition, but would just like to save money, then Short Term Medical plans would be a great option.

These plans will cover COVID-19, if you get it in the future, but as of now the cost will be about ½ of what you will pay for COBRA or the Marketplace. Short term medical is a good option for low cost coverage. It’s always better to be safe and covered with an insurance plan.

If all of these insurance options are overwhelming and confusing, that’s where I come in! Just reach out to me and I will make it very simple.

Seniors Can Save Thousands with New Medicare Plan Options!

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 Have you heard about Medicare Supplement plans? These new plans could save you thousands of dollars in medical expenses! If you are already using Medicare, you know that Medicare is great to have, but you also know that it doesn’t cover everything. Often times, Medicare users are left with hefty bills to pay after a surgery or a hospital stay. This is why Medicare supplemental plans are so great to have!

The new Medicare supplement plans offer a lot of benefits for seniors on Medicare. Here are a few of the benefits you would receive with a Medicare Supplement plan:

1) With Medicare Supplement plans, you will not have to pay any co-payments when you go to the doctor.

2) There are no high deductibles!

3) There are no out-of-pocket fees from co-insurance policies, either. With Medicare Supplement plans, you would just go to the doctor or the hospital and know that your maximum out of pocket for Plan G is only $198.00 for 2020.*

If you are already a senior, and just lost your health benefits at work, you only have 60 days to enroll in Medicare. You now have a special open enrollment situation to use. Getting a Medicare Supplement plan is good for your future health! It can also save you tons of money in health care costs in the long run.

Picking the best Medicare supplement plan is the easy part. Reach out to me today, and I will gladly go over the difference between Medicare Supplement and Medicare Advantage. I will answer all of your questions, like these: What is Part A & Part B? When can I enroll in Medicare? I will walk you through each of your questions with a check sheet and give you the dates of when it will start, and how everything work. The Insurance NanaAmy Kelley will make Medicare easy to understand!

Call me for help with these new Medicare plans. Don’t wait! Contact me today so we have plenty of time to look at all your options. https://insurancenana.com/ 770-527-5598

*These rates are only valid for 2020.

How Do You Prepare for the Coronavirus? Here Are Some Tips to Help You Stay Healthy!

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 There is a lot of panic in the US about the new Coronavirus. Much of the panic is being pushed because there is a lot of uncertainty around this new virus. We do not truly know how many people have been infected in the US, since the first batch of tests for the virus were faulty. The World Health Organization has stated that most carriers of the COVID 19 virus will show mild symptoms or no symptoms at all.

How can we truly know how many people are infected and carrying the virus if they are not getting tested? Let’s focus on the US for a minute. There are over 1000 confirmed cases in the US (as of 3-13-20) and 26 deaths at the time of this blog. President Trump has sanctioned travel bans, and sports arenas are empty in the most celebrated time of year in college basketball.

So, what should we be doing to prepare ourselves and our family for the COVID 19 virus? We need to first understand that this is a highly contagious virus. It will spread, and many people will carry it without symptoms. The good news is, that most Americans will show very mild symptoms if they do contract the virus. The demographic at greatest risk is the elderly, or people with underlying medical issues.

Here are the facts: The virus can be transferred for up to two weeks while someone is infected. This means that there are 2 weeks of potential quarantine for many Americans. Let’s focus on what can we do to help lower our risk of contracting this virus. (1) We must wash our hands often, and thoroughly. Especially after being in a public place. (2) Another tip to help avoid the virus is to drink something every 15 minutes. Aside from staying hydrated, this method will move pathogens to the stomach where they will be destroyed by stomach acid. (3) Be careful not to touch your eyes or face when in public, as this can move the virus into your body. (4) When in public: Be careful of touching hard surfaces, grab handles, knobs and counter tops. Keep your hands in your pockets or folded in front of you. (5) Check your medical plan for coverage, or get a health insurance plan, today!

During this time: Evaluate your health care coverage and medical insurance. We have short term medical plans (STM) available from several health insurance carriers to ensure that your family is covered in an emergency. (One of these STM plans has also agreed to cover the cost of testing for the virus.) You don’t have to wait for open enrollment to get a health care plan, so call me today.

Let me review your health insurance needs and help you to determine what is best for your family. Here in Georgia, Amy Kelley, The Insurance Nana, can assist you with your health insurance needs.  The Insurance Nana wants you to be safe and remain healthy during this uncertain time.

Call 770-527-5598 today to speak to find out which health insurance products would best suit you and your family.

 

Are You Prepared for Retirement and Social Security?

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Here are a few things you should know about Social Security, before you decide to retire. Plan early and you can be prepared for your future with less worry.

What is the future of Social Security? Statistics tell us that by 2035, the U.S. population over the age of 65 will number 78 million (compared with 56 million today).

When will Social Security run out? It is projected, that by 2035, Social Security reserves are estimated to be totally depleted. Social Security payments would need to be cut by 23%, if Congress fails to solve this issue.

At the current rate of social security and the retired population, this presents big issues for Americans.

Did you know that: 62% of today’s retired workers lean on Social Security to provide at least half of their monthly income? So, what can you do? Save and strategize now! You may have other bills, but saving for retirement needs to become a priority. Remember, 62% of Americans are in trouble at the current rate of spending and saving for retirement. That may be because they put other needs and wants ahead of saving for retirement. Giving time for compounding interest and growth will be crucial for your outcome.

The important thing to know about retirement is this: Don’t wait to save! You can’t make up for compounding growth in retirement income if you don’t save now. It’s okay to start small and let it build.

Planning for Medicare is also a factor of retirement. If you would like to talk to a health insurance specialist, or to get personalized advice on Medicare or medical insurance planning, call The Insurance Nana.

Even if retirement is 40 years away, don’t miss out on potentially precious years of gaining compound growth.

 

Links used in our article:

1 Social Security Administration, Fact Sheet, June, 2019  https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

2 Caplinger, Dan, 2019 Social Security Trustees Report: The 5 Things You Need to Know https://www.fool.com/retirement/2019/04/23/2019-social-security-trustees-report-the-5-things.aspx

3 Williams, Sean, 55 All Inclusive Social Security Facts, Feb 2019 https://www.fool.com/retirement/2019/02/03/55-all-inclusive-social-security-facts.aspx