News & Events

Don’t make this dangerous Medicare mistake

“I hadn’t gone to a doctor in over 40 years! So I didn’t think I needed an insurance plan to supplement Medicare when I reached age 65, since I was very healthy.”

That’s what a neighbor, Mary, recently told my wife and me as she shared an unfortunate story. She had signed up for Medicare at age 65, but she hadn’t bought either a Medigap plan or a Medicare Advantage plan to supplement Medicare, nor had she signed up for a prescription drug plan under Medicare Part D.

But at age 70, in spite of being in excellent health, Mary suffered a stroke. We were all surprised, given that she dances, practices yoga and tai chi, and walks regularly. She’s slim, athletic, doesn’t smoke and eats very healthily. She’s one of the last people we thought would have a stroke, but we’ve since found out that strokes can strike anybody, including people who are otherwise very healthy.

Mary spent about 10 days in a hospital, followed by many days in a skilled nursing facility for rehabilitation. Now she’s facing many thousands of dollars in bills for hospital, doctors, physical therapy and rehab charges because she wasn’t aware of Medicare’s high deductibles and co-payments.

As a result of her experience, Mary is now interested in buying a plan to supplement Medicare. The problem is, insurance companies are allowed to apply medical underwriting for Medigap plans once you’re beyond your initial enrollment period at age 65. That means it’s very likely the insurance companies will either deny her outright because of her preexisting condition — the stroke — or they’ll charge her a higher premium.

She can enroll in a Medicare Advantage plan, but these plans will require her to use the health care providers in their network, instead of the doctors she currently sees.
Here’s how the costs are adding up for Mary for Medicare’s deductibles and co-payments and other items not covered under standard Medicare:

• Medicare Part A applies a $1,340 deductible for each stay in the hospital.
• Medicare Part B applies another $183 deductible for doctor and outpatient services, plus a co-payment of 20 percent of the services of doctors and rehabilitation specialists. These charges are adding up to many thousands of dollars for Mary because her share of 20 percent is a large amount.
• She’s also paying the full freight for drugs she has been prescribed.

If Mary had spent more than 20 days in a skilled nursing facility following her hospital stay, Medicare would have imposed a co-pay of $167.50 for each day after her 20th. Fortunately, she was discharged before the 20-day mark.

The fact is, Mary made a common mistake among retirees who are approaching their Medicare eligibility age: She assumed that because she was healthy at that time, she probably wouldn’t need substantial medical care in the future. This usually turns out to be a short-sighted decision that has unfortunate lifelong implications.

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How many Americans make Mary’s mistake? Let’s try to estimate the number.

According to the American Association for Medicare Supplement Insurance, 13.1 million Americans owned a Medicare Supplemental Insurance plan (Medigap) in 2016 and 18.5 million Americans participated in Medicare Advantage plans, for a total of 31.6 million people buying some form of insurance to supplement Medicare. However, the population of Americans age 65 and older surpassed 50 million in November 2016, according to the website SeniorCare.

Subtracting the number of seniors with some sort of supplement from the total senior population results in an estimate of around 18 million people who might also be making the same mistake that Mary did. The actual number is most likely much smaller, though, because many people might not need a supplemental policy due to other coverage, such as Medicaid, Tricare or from the Veterans Administration. Still, it’s safe to assume that millions of older Americans are making this mistake.

The bottom line: If you’re approaching age 65, investigate a health care policy to supplement Medicare, no matter how healthy you think you are now. If you’re beyond your initial Medicare enrollment period and don’t have supplemental insurance, check out your options — it’s not too late. You might still qualify for a Medigap plan if you don’t have preexisting conditions.

Alternatively, a Medicare Advantage plan might help you. And you can still enroll in a Medicare Part D plan to cover prescription drugs during Medicare’s next open-enrollment period.
If you’re confused or intimidated by these options, find qualified people who can help you.

At some point in your life, you’ll need more than just Medicare. And your health and well being could depend on getting it.

Credit:  Steve Vernon / CBS Money Watch  Source

 

Insurance in Defiance OH, Napoleon OH, Wauseon OH, and the Surrounding Areas

Whether you are looking for health, life, property or vehicle insurance, a good insurance agent can not only provide you with the proper guidance but will also make the purchasing process of an insurance policy much easier. Therefore, it is extremely important to choose the right insurance agent so that you can understand the entire process in a much better way. If you reside in and around areas of Naopleon OH, Perrysburg, Swanton OH, Sylvania OH, Toldeo or Wauseon OH, and looking for professional insurance agents, then come to us at Beck Insurance Agency. We can provide you with the right insurance agent that you can get a sound coverage from the top-rated companies. While working with the insurance agent, you might have a few queries about this sort of coverage. Any good agent will always resolve your queries and guide you properly with the process.  

Here, we have compiled a list of questions that you might have for your life insurance agent. Take a look.  

  • What is the Coverage Requirement? 

This is the most important question to ask your life insurance agent. You might be asked to fill in some basic details before he/she can estimate your coverage needs in a much better and comprehensive way. Furthermore, he/she can even help you to get the perfect coverage that would meet with your requirements and budget, accordingly.  

  • What are the Benefits of Life Insurance Policy? 

While purchasing  any kind of policy, let alone a life policy, do not forget to ask about the ways in which it can benefit you. By doing so, you will be able to understand the potential of the policy in a much better way. 

Therefore, these are the 3 important questions to ask your life insurance agent. And if you think that we can provide you with some of the best professional agents who can guide you for getting the right life insurance policy, then contact us at 877-446-2325. 

New Medicare Cards Coming This Month

New Medicare cards will begin being issued this month. The new cards will no longer display your social security number for your safety.

Cards will issue automatically for everyone, this does not require any action or request on your part. No should be calling you requesting any action on your part in order to get your new card released. If someone does call making such a request, this is a scam….and you should call 1-800-Medicare to report the incident, or visit Medicare.gov

If you have any questions or would like more information, please call Beck Insurance Agency at 419-446-2777 and ask for Natalie Grieser or Bill Beck. We are here to serve all your Medicare product needs. You may also click here to make a request online.

Natalie Grieser, Agent
Beck Insurance Agency, Inc

Car Insurance in Napoleon OH, Wauseon OH, Sylvania OH, and the Surrounding Areas

As accidents and disasters come unannounced, the least you can do is to get yourself insurances like homeowner’s insurance, car insurance, and life insurance that will keep you as well as your family protected at all times. But, it is equally important that you buy insurances from trustworthy insurance agencies only. So, if you are looking for a reliable insurance agency in areas of Defiance OH or Delta OH that would offer you the proper coverage at the right prices, then you can end your search here. We, at Beck Insurance Agency, have been helping innumerable families and businesses to protect the things that matter the most.  

Here, we have compiled a list of the three major insurance policies that you can avail from us, at Beck Insurance Agency. Take a look.  

  • Life and Health Insurance– This insurance policy is needed to ensure that your immediate family has some kind of financial support in the event of your demise. Our professionals search for the top-rated life insurance companies to provide a convenient coverage that you and your family will appreciate. Our life insurance options include permanent life, universal life, whole life, term life, fixed annuities, and mortgage amongst others. As for our health insurance, we provide coverage for disability protection, Medicare supplements, etc.  
  • Car/ Auto Insurance– Having a car/auto insurance is essential as it will cover your expenses in the event of any vehicle damage or injuries to other drivers, or passengers. We provide solid protection for auto, motorcycle, boats, personal watercraft, trailers, classic cars, RV’s and ATV’s.  
  • Homeowner’s Insurance– From the rental property, townhomes, mobile homes, condos and cottages to homes under construction and vacant homes, there is a variety of coverage that is offered by us. We understand your concerns and therefore, work extremely hard to provide the protection you would need from reliable companies.

These are the three major policies that you can avail from us, at Beck Insurance Agency. Along with the aforementioned places, we also operate in Maumee, Perrysburg, Swanton OH and Sylvania OH. So, without any further ado, contact us at 877-446-2325 to get a quote.    

Beck Insurance Agency insures schools!

Beck Insurance Agency also represents both Liberty Mutual and the Ohio School Plan, two of the better school insurance and risk management providers here in Ohio.

Each offer a broad range of quality coverage, tailor made for both public and private Ohio schools.

Conrad Beck, an agent at Beck Insurance for the last 27 years, works almost exclusively with public entities. Conrad currently serves the insurance and risk management needs of over 80 public entities in Ohio, and has assisted with what is estimated to be well over 2,000 public entity claims.

Ohio School Insurance Plans

Call 877-446-BECK (2325) or click to learn more about the school insurance plans available at Beck Insurance Agency.

 

Tips to Help Grow Your Manufacturing Business

Whether you started your company a few months ago, or decades ago, growing your manufacturing business is one of your top priorities. You have worked hard to get where you are today, and your company is now in the perfect position to grow. All the time you spent providing quality products and good service to your customers is paying off. You now have a solid base of customers you work with and things seem to be going well.

Now is not the time to sit back and rest. In today’s ever-changing world, fast-paced economy, and super competitive marketplace, everyone is looking for the next customer or more business.

How does your company approach sales? You might have your sales force using company vehicles and driving to see potential customers. That process is long and tedious. Your sales people spend hours or days driving and little time actually talking to potential customers. Have you ever analyzed your ROI on your sales trips? How much money do you spend, and how much profitable business do you attract? Most customers don’t have or want to spend time away from the shop floor to listen to yet another sales pitch. Today, sales visits are more about customer service. The traditional sales job has almost completely gone by the way side.

Look at how you purchase things for your personal life as well as your business. You are most likely ordering materials and supplies online or picking up the phone and calling a distributor. If you are looking for something new, you likely use the Internet to do your research and then connect with one or two suppliers. Your current and potential customers shop and buy the same way.

E-commerce and online marketing has found its way into all areas of manufacturing sales. It doesn’t matter if you are making a finished product, actual goods, tooling, equipment, or only components. Customers use the Internet, so you need to ensure you have a web presence. Depending on your resources and skills, you can create your own website or contract a web design company.

Here are some things you might want to think about before going live:

•What customers do you want to attract?

•What image do you want to present?

•How will you maintain the site?

◦Do you have internal skills?

◦Will you contract this?

•Do you have a product catalog you want to link to your website?

•Do you want customers to purchase directly from your site?

•Provide a brief history of your company and what makes you unique.

•List a sales contact on your website.

•Make your site easy to navigate.

•Post press releases and other company news, such as new product offerings or new capabilities.

•Offer promotional sales.

•Post customer testimonials.

If your product is suitable to sell directly to end customers, you may want to consider setting up sales channels on:

•Ebay

•Etsy

•Craigslist

•Yelp

Join appropriate online communities, and provide tips and blogs on hot topics. Create a company profile and be active with news blurbs and tips.

•LinkedIn

•Facebook

•Twitter

In addition to the online world, don’t forget some of the more traditional marketing and sales opportunities like:

•Trade shows

•Industry associations

•Event sponsorship

•Representation in industry organizations

•Community involvement

•Participation in special events like Manufacturing Day, which can bring potential employees and customers to your business

While focusing on growth, don’t forget to take care of the customers you currently have. If you give them the product and services they expect and pay for, they will give you repeat business and might provide your business name to others. And there’s nothing better than customers recommending your business to their friends and family!

Source:  Michael S at Acuity Insurance

 

Spring is coming

Spring is coming to Ohio!

With Groundhog Day just past us, it’s time to start thinking about spring. (Or time to at least hope that springtime is coming, anyway.) And whether Punxsutawney Phil or the local groundhog saw his shadow or not, we here at Beck Insurance Agency have you covered.

Get ready for spring

Although everyone thinks of cleaning when it comes to spring, there are a number of things you should do to make sure your home is ready when the weather in Ohio, Indiana, and Michigan changes. Below is a selection of maintenance tasks from the National Center for Healthy Housing (you can see the full list at http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_12334.pdf).

Check to make sure your roof’s shingles are in good condition, and check your attic for any possible roof leaks that should be repaired.
Look for peeling paint and repair/touch up as needed.
Check for signs of leaks at window and door sills and use caulking or weather stripping to seal.
Clean your dryer vent and make sure exhaust ducts are clear.
Make sure there are no puddles or wet spots in your basement or crawlspace.
Look for signs of rodents, roaches, termites, etc. Call an exterminator if you suspect an infestation.
Clean your gutters and downspouts.
Clean air conditioner coils and drain pans.
Check/replace the batteries your home’s smoke and carbon monoxide alarms.
Replace filters in your air conditioner and dehumidifier.
Store winter heaters, ensuring that liquid-fuel heaters are completely emptied. These should be stored outside, if possible.

What? Six more weeks of winter?

Well, you can take solace in the fact that spring will be here eventually. In the meantime, here are some quick tips from Johns Hopkins University to avoid the “winter blues” and get through those long weeks of waiting.

Keep active. Exercise releases endorphins that will elevate your mood.
Eat well. High-sugar foods and large amounts of caffeine can feed depression and actually decrease your energy level. Foods such as whole grains, fresh fruits and vegetables, seafood and lean meats can help your immune system.
Go to the light. Bring as much light into your life as possible, by spending time outdoors, opening your shades so your home receives more natural light, or even get help from a “light box.”
Get your rest. Go to bed around the same time every night and wake up at the same time each morning. You’ll have more energy during the day.

Of course, if you have strong feelings of depression, please seek assistance from friends, family or a trusted health-care provider. There are people ready to help, whatever the season.

SIDEBAR: Time for an insurance review?

If an annual insurance review wasn’t included in your New Year’s resolutions, why not get it done while you’re in the cleaning and organizing mood this spring? Your life changes over the course of a year — sometimes in monumental ways. That means your insurance needs can change, too.

At Beck Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time utilizing all possible credits and discounts to make that coverage affordable. Just give us a call at 419-446-2777. We want to help you meet your goals, and make sure what’s important to you is protected!

Home Insurance in Sylvania OH, Montpelier OH, Perrysburg, and the Surrounding Areas

Beck insurance can help you with best value home insurance in Bryan OH, Defiance OH, Delta OH, Maumee, Monclova OH or Perrysburg.

 

Home insurance is one of the most important personal insurance products on the market. It protects one of your biggest, if not your biggest financial investment against common risks such as fire, storm damage, content theft, liabilities and more. 

 

When it comes to home insurance it is important to know what risks and events are covered and which ones are excluded. Flood insurance is a good example. Because floods can affect large areas and cause massive damage on large scale, most insurance companies shy away from offering flood insurance. You may well need to supplement your home insurance with separate flood insurance. You will also need to consider other natural disasters such as earthquakes, land slides and find out if you are insured for such events. Hone insurance should also cover your contents. General content will be covered but you may need to specify high-end items such as jewelry and artwork separately. 

 

Whether you own a free-standing home, an apartment or a condo, you need a proper homeowners’ insurance policy. Even if you rent a home, you should still have proper content insurance. You also need to be sure you covered for the replacement value of your home and contents. The expert and friendly team at Beck Insurance will help you with the right homeowners insurance in Bryan OH, Defiance OH, Delta OH, Maumee, Monclova OH or Perrysburg.  

Auto Insurance in Defiance OH, Maumee, Sylvania OH, and the Surrounding Areas

Beck Insurance provides auto insurance services throughout Defiance OH, Delta OH, Maumee, Moncolva OH, Napoleon OH and Perrysburg.   

When looking for auto insurance its often better to deal with an independent agent as opposed to a captive agent. A captive agent represents a specific carrier whereas an independent agent deals with multiple carriers. An independent agent works for you and not the carrier. 

When is comes to auto insurance you also have choices and options with respect to coverage. The only coverage that is compulsory is liability coverage. When you drive a vehicle on public roads you have a social responsibility. That means you need to drive carefully and according to road traffic laws. But it also means if your poor or reckless driving results in injury to others you need to be in a position to compensate them.  Liability insurance covers you for 3rd party claims related to road accidents. 

Apart from liability insurance you can optionally choose additional coverages. Collision is an important one and makes sense. There is always a risk that you will be involved in some collision or road accident. Collision insurance will cover the damages to your vehicle. That means the insurance will for the repairs to your vehicle or the replacement of your vehicle. If you don’t have collision insurance and unable to pay for the repairs, you will be without wheels. Even if you can pay for the repairs it will be a lot of money out of your pocket compared to the small amount you will pay for collision coverage. 

If you want affordable an reliable auto insurance in Defiance OH, Delta OH, Maumee, Monclova OH, Napoleon OH or Perrysburg, the Beck Insurance can help. 

Health Insurance in Wauseon OH, Sylvania OH, and the Surrounding Areas

Do you think that you will not require to invest in a health insurance policy as you are currently fit and fine? If you think so, then you are wrong. Often, people do not invest in this plan thinking that its only advantage is reimbursement during hospitalization. But sadly, that’s just a myth! We, Beck Insurance, will not just offer you the best health coverage policy, but our staffs will also make you aware of the different benefits that these policies offer. And, we offer these policies to the people residing in and around Archbold, OH, Bryan, OH, Defiance, OH, Swanton OH, Sylvania OH and Toldeo. 

Benefits Galore 

When you invest in our health policies, you can benefit in the following ways namely, 

  • With age, people face more and more health problems and their income also reduces. It is here where our health policies will act as a savior. You can avail the cashless policies at networked hospitals, which means you will not require paying the amount from your pocket. This will free you from the unnecessary mental burden. 
  • It will offer convalescence benefit which will help you pay a rough amount if your stay at a hospital exceeds than the specific number of days the doctor had mentioned. 
  • By paying the insurance premiums, you can avail the benefits of pre-defined tax. 
  • It will offer you coverage for certain critical illnesses such as kidney failure, paralysis, stroke or cancer. You will get a lump sum amount that can be utilized for lifestyle adjustment, recuperation, and rehabilitation. 
  • You will get some allied benefits such as discount coupons on specific healthcare services, free doctor consultation, tie-ups with several health service providers, free health checkup, and consultation with nutritionists.  

There cannot be a better means of mitigating the financial losses as well as attaining peace of mind than investing in a health insurance policies. To know more call us right away at 877-446-2325.