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LDM Insurance Advisors focuses on Medical Insurance Seniors Market Products, primarily private insurance solutions for seniors seeking to supplement Medicare coverage. We also provide senior-focused insurance options including Long Term Care and Final Expense insurance, which can help families financially cope with critical expenses during difficult times. The following information is a brief overview of the types of products you can get from LDM.
Medicare Advantage plans are Medicare medical health insurance plans that are approved by Medicare, but run by private companies. A Medicare Advantage plan replaces and in most cases enhances Medicare Part A and Medicare Part B. It combines the benefits of both parts and in most cases adds a few extra benefits including optional prescription drug coverage and, Dental and Vision.
Instead it supplements medical coverage for things such as co-payments or coinsurance, deductibles and more. Medigap or Medicare Supplemental Insurance plans are standardized by the same agency that oversees Med icare, but these plans are sold and administered by private companies and have an extra cost.
Long Term Care Insurance (LTC Insurance) is a private insurance policy that can help pay for many types of long-term care, including both skilled and non-skilled (custodial) care. Long-term Care insurance doesn’t replace Medicare coverage and its coverage can vary widely. Some policies may cover only nursing home care. Others may include coverage for a range of services like adult day care, assisted living, medical equipment, and informal home care.
Life & Final Expense Insurance, also known as "burial" or "funeral" insurance, is available for purchase once an individual turns 50 years old. These low face value plans (from $2,000 to $50,000) pay the beneficiary within 24 hours of a loved one’s death and is designed to pay for burial and other final expenses.