Insurance

What is the difference between insurance agent & insurance broker?

Posted on by Matt McColm
Insurance Broker Agent Producer

Is there a difference between Insurance Broker, Agent or Producer? What do I want when I shop for insurance for my home, car, health, or Medicare plan? How does it all work? Who is Wenatchee Insurance? Who are Matt, Shayla and Suzie?

Imagine you’re shopping for a pair of leather work boots.

Insurance Agent

Insurance Agent: This person works at a specific shoe store and will show you all the shoes they have in stock. They might have a great selection, but they can only offer you what’s in their store. If they are a Nike store then they will only sell you Nikes, if you are in a Converse store then they will only sell you Converse….you get the idea. In insurance terms, this agent represents one or a few insurance companies. They’ll help you pick the best shoe (policy) from what they have.

Insurance Broker

Insurance Broker: Now, think of this person as your very own shoe shopper. They don’t work for any specific store. Instead, they run around town, checking every store that they have access to find you the perfect pair of shoes at the best price. In the insurance world, a broker shops around with different insurance companies to find the best policy for you.

There is also a Surplus Lines Broker and that is a special license to sell products for carriers not admitted in our state. This would be like someone who could sell you a pair of $10,000 pair of Dolce & Gabbana when there were no stores in the state.

Insurance Producer

Insurance Producer: This is a fancy term that covers both agents and brokers. (It is the legal term in Washington State). If you’re a producer, you’re licensed to sell insurance, whether you’re helping people pick shoes from one store (agent) or shopping all over town (broker).

A Example:

Imagine you’re about to go on a hiking trip, and you realize you need a pair of sturdy hiking boots (let’s say the boots represent your insurance policy).

If you go to an Insurance Agent, they’ll show you all the boots they have in their store. “These are great boots!” they’ll say. And they are! But they’re the only ones they can sell you because that’s what their store offers.

If you go to an Insurance Broker, they’ll say, “Wait here!” and dash off to five different stores to find the best hiking boots in town. They might come back with three pairs and say, “Here, try these. They’re all great, but this one has the best grip, and it’s on sale!”

And if someone says they’re an Insurance Producer, they’re just telling you they can help you get insurance, whether they’re sticking to one store or shopping around.

So, next time you’re “shopping” for insurance in Washington State, now you know who does what—and who’s more like your personal shoe shopper!

Suzie health medicare Wenatchee insurance

So is Wenatchee Insurance Broker , Agents or Producers?

At Wenatchee Insurance we are Insurance Producers licensed in the state of Washington. We use exchanges to shop for products for our clients. We are contracted with many different companies for Health, Life, Travel, Medicare, Homes, Autos, and Businesses. We also work with several different brokers for additional support for our clients. We can recommend plans and do not add fees for our services.

Yes, we have been writing policies like Apple Health for clients for years without receiving a dime because it is the right thing to do for our community.

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What advantage do you have in selecting a independent agency?

Posted on by Matt McColm
independent agency

Why Choosing Wenatchee Insurance as your independent agency is Like picking the Best Pot Belly Pig at the County Fair Imagine this: It’s a sunny day at the Douglas County Fair, and you’re trying to choose the best pig for the blue ribbon. You could wander around aimlessly, judging the contestants on your own, or you could ask Farmer Fred, the local pig expert, who knows every pig’s family tree and favorite mud wallow. Choosing insurance is a lot like that—except instead of pigs, it’s insurance policies, and instead of Farmer Fred, you’ve got Wenatchee Insurance. And let me tell y’all , that is some agency.

1. The Rodeo of Choices: Who Ya Gonna Call?

Y’all ever tried to read an insurance policy? It’s like trying to decipher a cow’s moo—confusing and a bit messy. Deductibles, premiums, and coverage limits make it sound like some kind of wild rodeo. Don’t get lathered up, because Wenatchee Insurance is like the best rodeo clown in the barrel, keeping you safe from all those wild terms and dangerous clauses. They know how to wrangle the best policies and lasso the right coverage for your needs. You just sit back, sip your iced tea, and watch them work their magic.

2. The Bargain Barn: Getting the Best Deals

Remember that time you found a deal so good it made you holler louder than the old rooster at sunrise? Well, that’s what working with Wenatchee Insurance feels like. They know the tricks of the trade, negotiating like a pro at a livestock auction. They’ll haggle, barter, and charm their way to get you the best deal possible, leaving you like a grinning possum eating tater tot casserole. You won’t have to fork out an arm and a leg to get the most bang for your buck.

3. Custom Fit: No cookie-cutter policies at an Independent Agency.

Finding the right insurance on your own is like trying to find the perfect pair of cowboy boots in a pile of mismatched shoes at the second-hand store. Wenatchee Insurance is like your personal bootmaker, hand-crafting a policy that fits just right and doesn’t pinch your big toe. Whether you’re protecting your homestead from bears, your prized miniature donkey or your little red wagon, they’ve got a plan that’s as comfy as grandma’s feather bed. No more one-size-fits-all nonsense; they’ll get you something that suits your needs like a perfectly tailored pair of Levis jeans.

custom fit insurance policy from your independent insurance agency

4. The Human Touch: Good Ol’ Country Hospitality

At Wenatchee Insurance, they treat you like family—just like a good neighbor who brings over an apple pie when you’re feeling blue. Got a question? They’re there with a smile and an answer, not some fancy-pants automated machine that leaves you shouting, “Representative!” They’re the friendly face you want by your side when things go haywire. Whether you need help filing a claim or just want to chat about the latest in tractor insurance, they’re ready with a warm greeting and a helping hand.

5. Saving Time: More Than Just Money in the Bank at an independent agency

Time is precious, like a cold drink on a hot day. Don’t waste it poring over confusing documents and trying to figure out what the heck “subrogation” means. Let Wenatchee Insurance do the heavy lifting. They’ll sort through the policies faster than a New York minute. You get to spend your time on more important things, like perfecting your chili recipe or finally learning to play that guitar.

So, why would you saddle up and go it alone in the Wild West of insurance? With Wenatchee Insurance as your trusty sidekick, you’ll get the perfect policy, the best deals, and the kind of service that’s finer than frog hair. It’s like winning the blue ribbon at the county fair—except you don’t have to wrestle any pigs!

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Topics: Progressive, Farm, Fire Insurance, Home Insurance, Hobby Farm, Wenatchee Insurance, Chelan County, Grant County, Douglas County, Okanogan,

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How do I compare Medicare Part D plans in Eastern Washington?

Posted on by Matt McColm
Medicare Part D plans and Suzie from Wenatchee Insurance can help

Comparing Medicare Part D Plans: A Humorous Guide with Wenatchee Insurance

Picture this: you’re on a reality TV show called “Medicare Matchmaker,” hosted by none other than Wenatchee Insurance’s very own Suzie. She’s the perfect host, with a knack for making complex insurance terms as delightful as a game of charades. Your mission? To find the ideal Medicare Part D plan. Ready to play? Let’s dive into this hilarious yet informative adventure.

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Round 1: The Introduction

Suzie: “Welcome to Medicare Matchmaker! Today, we’re comparing Part D plans, where finding the right fit is like choosing the perfect dance partner. Each plan has its own rhythm, and it’s our job to make sure you don’t end up with two left feet!”

Sample: “It’s like speed dating for your prescriptions. In one corner, we have the ‘No Deductible Dan’ plan, and in the other, ‘Low Premium Lucy.’ Who will sweep you off your feet?”

Round 2: The Quickstep – Monthly Premiums

First up, monthly premiums. Think of them as the cover charge to get into the dance hall. Some plans charge more, some less, and it all depends on how fancy you like your dance floor.

Suzie: “If you’re a frugal Fred or Frida, you might prefer a lower premium. But remember, cheaper isn’t always better. It’s about finding that sweet spot where cost meets coverage.”

Sample: “Imagine paying to get into a club only to find it’s karaoke night and not the salsa dance you hoped for. That’s what a low premium with poor coverage feels like.”

Round 3: The Tango – Deductibles

Next, we tackle deductibles. It’s the amount you pay before your plan starts to pitch in. High deductibles can feel like a long, slow tango, but for some, it’s worth the wait.

Suzie: “A high deductible plan might seem daunting, but if you’re not a frequent flyer at the pharmacy, it could save you money in the long run.”

Sample: “Think of it as a slow dance with a mysterious partner. The anticipation might just make the end result all the more rewarding.”

Round 4: The Waltz – Coverage and Formularies

Now, let’s waltz through coverage and formularies. Each plan has a list of covered drugs, known as a formulary. It’s crucial to ensure your medications are included.

Suzie: “Imagine showing up to the waltz in sneakers—just wrong. Similarly, the wrong plan might not cover your essential meds. Always check the formulary!”

Sample: “You wouldn’t wear a tutu to a tango, right? Matching your meds to the formulary is the same principle.”

Round 5: The Jive – Co-pays and Co-insurance

Next, co-pays and co-insurance. These are the out-of-pocket costs you’ll jive to when picking up your prescriptions.

Suzie: “Do you prefer a steady, predictable co-pay or are you a bit of a gambler, willing to jive with co-insurance? It’s all about your comfort with cost variability.”

Sample: “Co-pays are like knowing the DJ’s playlist in advance. Co-insurance? That’s like a surprise dance-off—exciting but unpredictable.”

Final Round: The Freestyle – Donut Hole

Ah, the infamous donut hole—a temporary limit on what the drug plan will cover. It’s a bit like the freestyle round—unexpected and sometimes tricky.

Suzie: “Navigating the donut hole can feel like doing the cha-cha on a minefield. But fear not, we’ll help you avoid the worst pitfalls.”

Sample: “The donut hole is that moment when the music stops, and you’re left wondering if you’ve been dancing to the wrong tune. But with the right plan, you’ll glide through it with ease.”

The Final Decision

After all the dances, it’s time to make your choice. Suzie wraps up the show with her signature flair.

Suzie: “Congratulations! You’ve compared premiums, deductibles, formularies, and more. With Wenatchee Insurance, you’re not just choosing a plan—you’re choosing peace of mind. Let’s make your Medicare Part D plan the best dance partner you’ve ever had!”

Sample: “Remember, the perfect plan is like the perfect dance partner—balanced, supportive, and in sync with your needs. With Wenatchee Insurance by your side, you’ll always be in step.”

And there you have it, folks! Comparing Medicare Part D plans doesn’t have to be a chore. With a little humor and a lot of expertise from Wenatchee Insurance, you’ll find the perfect plan that keeps you twirling through life with a smile.

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Medicare plan 65 Wenatchee Advantage
health or medicare enrollment suzie makes it easier

Topics: Medicare, Medicare Advantage, Suzie, Wenatchee Insurance, SSDI, ESRD, Hospital Insurance, Prescription Drug Coverage, Part D, Medical Insurance, Disability,

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Which Medicare Advantage plan network is for me?

Posted on by Matt McColm
Medicare plan 65 Wenatchee Advantage

Finding Your Medicare Advantage Network: It’s Like Picking your favorite Ice Cream Flavor!

Choosing a Medicare Advantage plan network can feel like deciding on the best ice cream flavor at the Owl Soda Fountain. But don’t worry! Suzie and Wenatchee Insurance is here to help you find the perfect match—no brain freeze included.

talk to Suzie

HMO vs. PPO: The Big Scoop First up, we’ve got the Health Maintenance Organization (HMO) plans. These are like sticking to your all-time favorite ice cream flavor. You’ve got to choose from a specific set of doctors and hospitals (your favorite ice cream parlor). But the upside? You know exactly what you’re getting, and it’s usually cheaper.

Preferred Provider Organization (PPO) plans are a bit more adventurous. They let you try different flavors from various parlors. It’s like getting a huckleberry shake from Not Dougs or headed to Coldstone in Leavenworth. Sure, you might pay a little more, but the freedom to explore is worth it if you’re the kind who likes to mix things up.

Wenatchee Insurance: Your Ice Cream Guide Wenatchee Insurance is like the friendly staff at the local ice cream shop who knows the top secret flavors. They’ll help you figure out if you’re more of an HMO or PPO person. Maybe you need to see a specialist in town, or you want the flexibility to travel and still get coverage. They’ve got the scoop on it all.

Local Flavor: The Farmer’s Market Example Think of HMO plans like sticking with your favorite vendor at the Wenatchee Farmer’s Market. You always buy your honey crisp apples from Royal Produce because they’re the best. PPO plans are like wandering around the Farmers’ market, trying different stands, and discovering new favorites. Both have their perks!

Why Networks Matter Choosing the right network is crucial because you don’t want to end up going to a doctor who’s out of your plan’s network. It’s like getting a surprise bill after indulging in the most expensive sundae. No one wants that!

Wenatchee Insurance to the Rescue! Suzie at Wenatchee Insurance knows all the local doctors and hospitals. They can tell you which plans your favorite specialists are in, so you don’t have to switch doctors and start from scratch. They’ll make sure your Medicare Advantage plan fits like a glove (or like a perfectly scooped cone).

So, whether you’re a loyal vanilla fan or you like to mix chocolate chip with rocky road, Wenatchee Insurance will help you find the Medicare Advantage network that’s just right for you. Because picking insurance shouldn’t be as stressful as picking a dessert!

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Topics: Medicare, Medicare Advantage, Suzie, Wenatchee Insurance, SSDI, ESRD, Hospital Insurance, Prescription Drug Coverage, Part D, Medical Insurance, Disability,

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Surviving Wildfires 101: Insurance Edition with Wenatchee Insurance Agency

Posted on by Matt McColm

Greetings, fellow adventurers of Central Washington! Today, we are looking at topic that can raise the hairs on the back of your neck — the insurance coverage for wildfire damage, brought to you by the team at Wenatchee Insurance Agency! 🌲🦸‍♂️🔥

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Imagine this: you wake up one morning, the birds are chirping, the sun is shining, and then—bam! Wildfire season strikes with the ferocity of a lightning storm. In Central Washington too often,  we are not just a bystander in this fiery spectacle—you’re the star of our insurance epic!

What exactly does wildfire insurance cover? Well, put your big pants on, it’s not just about protecting our little home on the range (though they’ve got that covered too). Wenatchee Insurance goes above and beyond to shield everything from your beloved RV to your quirky collection of garden gnomes. Yes, even the gnomes deserve a shield against the flames!

But wait, there’s more! Ever worried about your vintage bicycle or that treasured kayak you’ve had since the dawn of time? Fear not, because with Wenatchee Insurance, your prized possessions are as safe as a squirrel with a winter stash of acorns.

Now, let’s talk about Shayla—yes, the legend herself. Shayla isn’t just an insurance agent; she’s your guide through the wildfire maze. Need to file a claim faster than you can say “hot apple pie”? Shayla’s got your back. Need advice on how to fortify your home against wildfire threats? Shayla’s wisdom is as abundant as Quincy Corn in September.

And here’s the secret sauce—the real magic of Wenatchee Insurance isn’t just their expertise (though they’ve got that in spades). It’s their commitment to the community. They’re not just here to sell you a policy; they’re here to hold your hand (metaphorically, of course) through the trials and tribulations of wildfire season. Because when flames flicker on the horizon, you don’t just want an insurance policy. You want a shield, a guardian, a friend who understands the dance of fire and fear.

So, whether you’re a seasoned wildfire warrior or a newcomer to the realm of insurance wonders, remember this: with Wenatchee Insurance Agency, you’re not just a client—you’re family. A family with a fireproof plan and a hotline to Shayla, the guardian angel of insurance wisdom.

Stay safe, stay covered, and remember—with Wenatchee Insurance, wildfire season is just another chapter in your epic tale of insurance triumphs!

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Topics: Home Insurance, Wenatchee insurance, Shayla, high risk, liability, wildfire, brush fire, Chelan County, Okanogan County, General, Grant County, Douglas county, proof of insurance, Quincy,

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What Additional Insurance Coverage Options Are Available and Which Ones Should I Consider?

Posted on by Matt McColm
insurance coverage

Additional Insurance Coverage options:

The Insurance Coverage Buffet: Extra Toppings Edition

Welcome back to the Insurance Buffet, where Wenatchee Insurance offers a Smörgåsbord of additional insurance coverage options to suit every taste. Insurance needs are a wide variety. Let’s explore the extra toppings you can add to your home insurance policy for a fully loaded experience.

Umbrella Insurance: The All-You-Can-Eat Pass Umbrella insurance is like wearing your stretchy pants for a Thanksgiving feast. It extends your liability coverage beyond the limits of your standard home insurance, protecting you from unexpected large claims. It’s a must-have for anyone who needs to be extra prepared.

Sewer Backup Insurance Coverage: The Unseen Hero If you have an older house in Wenatchee with large trees then we need to talk about Sewer back up. Sewer backups are the stuff of nightmares, but this coverage option is like a hidden hero. It ensures you’re not left dealing with a smelly and costly cleanup out of your own pocket.

Identity Theft Protection: The Cyber Shield In the digital age, identity theft is a real threat. This coverage acts like a cyber shield, protecting your personal information and helping you recover if your identity is stolen. It’s peace of mind in the digital jungle.

Home Business Insurance Coverage: The Entrepreneur’s Delight Running a business from home? Standard policies might not cover business equipment or liability. This add-on ensures your entrepreneurial endeavors are protected, just like having a dedicated menu for your dietary special needs.

Valuable Items Coverage: The Premium Topping Got high-value items like jewelry, art, or computers? This coverage acts like the shaved black truffles on risotto, ensuring your prized possessions are covered beyond the standard policy limits.

Green Home Coverage: The Eco-Friendly Choice If you’re environmentally conscious, this coverage helps you rebuild with eco-friendly materials and technology after a loss. It’s like choosing the organic section at the buffet – better for you and the planet.

Additional Coverage Options Summary

With Wenatchee Insurance, you can customize your home insurance policy with these additional coverage options to suit your unique needs. Load up your plate and enjoy the peace of mind that comes with comprehensive protection!

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Topics: Wenatchee Insurance, Deductible, Home Insurance, Bundle, Chelan, Fire, Okanogan, Grant, Medicare, health, Wind, Liability, Cheap Insurance, Exclusions, Green Insurance, Umbrella, Home Office, Computer coverage, Cyber coverage,

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When Wildfire Meets Insurance: A Tale of Coverage and Comfort with Wenatchee Insurance Agency

Posted on by Matt McColm
Wildfire around Central Washington can make insurance tough
Wild Fire along the Columbia River

Hey there, from Eastern Washington! Today, we are diving into a topic that’s as hot as the Yakima Training Center in August—insurance coverage for wildfire damage with our trusty band of heroes at Wenatchee Insurance Agency! 🌲🔥💼

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Picture this: you’re enjoying a peaceful evening watching the ducks on Lake Wenatchee, maybe sipping on your favorite malt beverage, when suddenly, the word “wildfire” starts buzzing on every social media network. Yonks! Panic mode? Not with the team of Wenatchee Insurance by your side!

What is the deal with wildfire insurance coverage? First off, Wenatchee Insurance isn’t just your average insurance agency; they’re wizards of wildfire protection. Whether it’s ensuring your humble abode stays safe or your beloved outdoor gear survives the inferno, they’ve got your back like a firefighter with a superpower cape.

Now, we know what you’re thinking: “But how do they do it?” It’s simple, really. Wenatchee Insurance doesn’t just hand you a policy and wish you luck. They’re like the Gandalf of insurance—always there when you need them, guiding you through the murky forest of insurance jargon. Need coverage for that vintage camper you cherish? Covered. Worried about your precious garden gnomes? They’ve got a plan for that too!

And let’s talk claims. Ever had to file an insurance claim and felt like you were navigating a maze blindfolded? Not with Wenatchee Insurance. They make it as smooth as warm butter on hot toast. Just dial Shayla (yes, the insurance whisperer herself) and poof! Your claim is in good hands faster than you can say “apple pie.”

But here’s the kicker—the best part about Wenatchee Insurance isn’t just their expertise; it’s their sense of community. They’re not just here to sell you a policy; they’re your neighbors, your pals, your partners in wildfire defense. Because let’s face it, when flames dance on the horizon, you don’t just want insurance. You want peace of mind, wrapped in a blanket of trust and understanding.

So, whether you’re a seasoned wildfire survivor or a newbie in the realm of insurance wonders, remember one thing: with Wenatchee Insurance Agency, you’re not just protected—you’re part of a fiery family (the good kind, of course).

Stay safe, stay covered, and remember to hug your insurance agent (from a safe distance)!

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Topics: Home Insurance, Wenatchee insurance, Shayla, high risk, liability, wildfire, brush fire, Chelan County, Okanogan County, General, Grant County, Douglas county, proof of insurance,

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What Are the Differences Between Medicare and Medicaid?

Posted on by Matt McColm
Medicare or Medicaid a conversation about the differences

Hey, it’s Wenatchee Insurance! We are answering a classic question today, what are the differences between Medicare and Medicaid. We are going to use a Golden example:

It’s 2024, you’re sitting with Blanche, Dorothy, Rose, and Sophia in Miami, and you’re scratching your head over the differences between Medicare and Medicaid. Sit tight and grab a cheesecake because we’re about to unravel this mystery Golden Girls style!

Medicare: The Senior Superstar

Dorothy: “Alright, let’s start with Medicare. It’s like Stan – it’s been around forever. Medicare is a federal program mainly for folks aged 65 and older. It also covers younger individuals with certain disabilities and those with End-Stage Renal Disease (ESRD). Think of Medicare as the golden ticket for our seasoned citizens.”

Medicaid: The Need-Based Nurturer

Blanche: “Oh honey, Medicaid is a whole different ball game. It’s a joint federal and state program that helps people with limited income and resources. It’s like that nice gentleman who insists on paying for your drinks at the Rusty Anchor – it’s there to lend a hand when you need it most.”

Who Qualifies?

Medicare:

Rose: “If you’re 65 or older and worked your credits, congratulations, you qualify! But even if you’re younger and have disabilities or ESRD, you’re still in the club.”

Medicaid:

Sophia: “Eligibility for Medicaid is trickier than finding a good cannoli in Miami. It depends on your income, family size, and sometimes disability or other factors. Each state has its own rules – it’s like trying to follow Rose’s stories about St. Olaf.”

Example Time!

Dorothy: “Meet George, a 68-year-old retiree. He’s eligible for Medicare because he’s over 65. Now, consider Anna, a single mother with a low income. She qualifies for Medicaid to help cover her children’s medical expenses. Simple as pie, right?”

health or medicare enrollment suzie makes it easier

What Do They Cover?

Medicare:

Blanche: “Medicare’s got you covered for hospital stays (Part A), doctor visits and outpatient care (Part B), Medicare Advantage (Part C), and prescription drugs (Part D). It’s like having a fabulous wardrobe – everything you need, you just have to mix and match beforehand .”

Medicaid:

Rose: “Medicaid covers a broader range of services, including hospital and doctor visits, long-term care, and sometimes even dental and vision care. It’s like the St. Olaf Cheese Festival – there’s something for everyone!”

Example Time!

Sophia: “Imagine Sue, who has both Medicare and Medicaid (dual eligibility). Medicare covers her hospital and medical expenses, while Medicaid helps with additional costs like long-term care and some out-of-pocket expenses. Sue’s got the best of both worlds – like having cheesecake for dinner and dessert!”

How Are They Funded?

Medicare:

Dorothy: “Medicare is funded by payroll taxes, premiums, and general revenue. It’s as straightforward as Blanche’s love life – always funded by someone.”

Medicaid:

Sophia: “Medicaid, on the other hand, is jointly funded by the federal government and the states. The feds match state spending, with the match rate varying by state. It’s like a family potluck – everyone brings something to the table.”

Example Time!

Rose: “Think of Medicare as a national program with uniform rules. Medicaid is more like St. Olaf’s festivals – each state adds its own unique twist to the overall picture.”

Wenatchee Insurance: Your Dual Eligibility Expert

Blanche: “Navigating the differences between Medicare and Medicaid can feel like one of Rose’s long stories. But don’t worry, darling, Suzie at Wenatchee Insurance is here to guide you through every twist and turn.”

Dorothy: “Our knowledgeable agents can help you understand which program you qualify for and how to make the most of your benefits. Remember, understanding Medicare and Medicaid doesn’t have to be a puzzle.”

Sophia: “With Wenatchee Insurance by your side, you’ll find your way in no time. So stay tuned for more insights, tips, and helpful advice. And always remember – thank you for being a friend!”

calling suzie for medicare or health insurance help

Topics: Medicare, Medicare Advantage, Suzie, Wenatchee Insurance, SSDI, ESRD, Hospital Insurance, Prescription Drug Coverage, Part D, Medical Insurance, Disability, Dual Eligible, Dual SNP,

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Are There Any Exclusions or Limitations in My Policy That I Should Be Aware Of?

Posted on by Matt McColm

We like to review policies with our clients at Wenatchee Insurance to look for exclusions or limitations.

exclusions can limit your insurance your policy

Exclusions and Limitations basics:

The Fine Print Follies

Reading the fine print of your home insurance policy can feel like deciphering an ancient scroll. But fear not! Wenatchee Insurance is here to help you uncover any exclusions or limitations, with a touch of humor to keep you entertained.

The Mystery of the Mold Exclusion You might think mold is just a minor inconvenience, but in the insurance world, it’s often excluded. It’s like finding out King Pizza doesn’t deliver to your side of the Columbia River – a disappointing surprise!

The Infamous Flood Exclusion Floods are the party crashers of natural disasters, not covered by standard homeowners’ policies. Make sure you have separate flood insurance, or you’ll be left high and dry – or rather, wet and uninsured.

Lenders will require flood insurance when you move to certain FEMA-designated flood zones so be prepared for this added cost when buying a new home.

The Earthquake Enigma Earthquakes aren’t always part of the standard package. It’s like ordering a burger and realizing fries are extra. We do get tremors in Washington state, so consider adding earthquake coverage to avoid a costly shake-up.

The Termite Terror Termites might be small, but they can cause big damage. Unfortunately, most policies exclude insect damage. It’s like finding out your least favorite insect is planning a surprise visit. Regular inspections and pest control can help keep them at bay.

exclusions and limitations can rope off your insurance policy from use

The Mysterious Maintenance Issues Routine maintenance issues like plumbing leaks or roof repairs are generally your responsibility. It’s like realizing you have to do your own laundry – a necessary chore that insurance won’t cover.

The Pet Problem Got a furry friend with a penchant for destruction? Most policies don’t cover pet-related damage. It’s like discovering your adorable puppy has a dark side. Keep Fido out of trouble to avoid any unpleasant surprises.

Summary

Wenatchee Insurance helps you navigate the fine print so you’re never caught off guard by exclusions or limitations. Stay informed and stay protected!

Topics: Wenatchee Insurance, Deductible, Home Insurance, Bundle, Chelan, Fire, Okanogan, Grant, Medicare, health, Wind, Liability, flood, Cheap Insurance, Exclusions

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What does Medicare Cost?

Posted on by Matt McColm
medicare does cost even medicare advantage

Hey North Central Washington, from Wenatchee Insurance on Mission street! Today, we’re diving into the nuts and bolts of Medicare cost. Understanding these costs will help you make the best decisions for your bank account and health.

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Breaking Down the Medicare Costs

Medicare isn’t free, but understanding its costs is as easy as pie (or at least as easy as a slice). (When Medicare first came out in 1966, the annual deductible for Part A was $40, and the monthly premium for Part B was $3.) There are programs for low income however that is another post. Here’s the breakdown:

Medicare Part A: Hospital Insurance

  • Premium: Most people don’t pay a premium for Part A if they’ve worked and paid Medicare taxes for at least 10 years (40 quarters). If you haven’t, you might pay up to $506 per month.
  • Deductible: In 2024, the deductible for each benefit period is $1,600.
  • Coinsurance: After the deductible, you pay coinsurance for hospital stays:
    • Days 1-60: $0 per day
    • Days 61-90: $400 per day
    • Days 91 and beyond: $800 per “lifetime reserve day” (up to 60 days over your lifetime)

Medicare cost example!

Meet Sam, who’s 65 and newly retired. Since he worked for over 30 years, he doesn’t pay a Part A premium. After a brief hospital stay, he’s grateful his deductible and coinsurance costs are manageable.

Medicare Part B: Medical Insurance

  • Premium: The standard premium for Part B in 2024 is $164.90 per month, but it can be higher based on your income (IRMAA).
  • Deductible: The annual deductible is $233.
  • Coinsurance: After meeting the deductible, you typically pay 20% of the Medicare-approved amount for most doctor services, outpatient therapy, and durable medical equipment.

Note: The Income-Related Monthly Adjustment Amount (IRMAA) is based on the tax return of the previous two years.

Medicare cost example!

Consider Lucy, who loves her yearly wellness visits. She pays her monthly Part B premium and a small deductible, but thanks to Medicare, her out-of-pocket costs for doctor visits and preventive care are minimal.

Part C: Medicare Advantage

Medicare Advantage Plans vary in cost, depending on the plan and provider. Some plans have low or even $0 premiums but may have different deductibles, copayments, and out-of-pocket maximums. These plans vary from company to company and can even be different by zip codes in the same state. We recommend having a trained person walk you through these plans.

Medicare cost example!

Picture John, who chooses a Medicare Advantage Plan with a $50 monthly premium but no additional deductible. His plan includes vision and dental coverage, making it a sweet deal for his needs.

Part D: Prescription Drug Coverage

  • Premium: Varies by plan, with an average of around $33 per month.
  • Deductible: Some plans have a deductible, which can be up to $480.
  • Copayments/Coinsurance: Costs vary based on the medication tier and whether you use a preferred pharmacy.

Note if you do not sign up for Part D or have credibly prescription coverage then you can have a penalty from Medicare.

Wenatchee Insurance: Your Budget Buddy

At Wenatchee Insurance, we understand that navigating Medicare costs can feel like assembling a financial jigsaw puzzle. But don’t worry – we’re here to help you piece it all together. Suzie at Wenatchee Insurance can provide personalized guidance and ensure you understand all the costs involved.

Remember, folks, planning for Medicare doesn’t have to be a budget-busting headache.

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