Do I Need to Sign up for Medicare If I Am Working Even at 65?

Medicare for Old People
Medicare

By the time most senior citizens clock 65, they are usually unemployed. For this reason, many of them push to sign up for Medicare the moment they become eligible. However, if you are 65 years old and still employed, you are also eligible for this health insurance plan. Whether you should take advantage of it is another matter. In this article, we will examine this. By the end, you will have all the facts required to make an informed decision.

Medicare Part A

There are two major Medicare health plans: Medicare Part A and Medicare Part B. Medicare Part A is premium-free. It covers in-patient hospital charges and other things.

To become eligible for Medicare Part A, you should have worked for approximately 10 years by the time you are 65. We advise you to enroll in this plan even if your employer provides a low-cost insurance plan. This is because Medicare Part A covers certain things that employers sometimes do not.

Medicare Part A has a number of peculiarities. They include:

If your employer has employed 20 or more people

The chances are that your employer provides you with a group health plan. If this is the case, you don’t have to sign up for Medicare Part A, especially if it will put a strain on your finances. However, remember that this health plan is premium-free.

If your employer has employed less than 20 people

In this situation, you should sign up for Medicare Part A as it will be your primary insurance. That is, Medicare is the first plan that will be called on when you need to pay a healthcare bill. It is only after this that your employer’s plan will kick in and account for the rest.

If you save to a Health Savings Account (HSA)

If you want to continue saving in your HSA, you should delay enrolling in Medicare. This is because HSA contributors aren’t allowed to sign up for Medicare. Furthermore, stop making HSA contributions at least six months before you enroll for Medicare.

Medicare Part B

Unlike Medicare Part A, Medicare Part B requires a premium. This plan covers doctor visits and other outpatient services. If you are a working 65-year-old with employer health coverage, you should delay enrolling for Medicare Part B.

Similar to Medicare Part A, this plan has its own peculiarities, including:

If your employer has employed 20 or more people

You don’t have to enroll at age 65. In fact, you can delay signing up until you stop working or lose your employer coverage.

 If your employer has employed less than 20 people

You must enroll in this insurance plan as it will be your primary insurance.

If you save to a Health Savings Account (HSA)

You can’t continue saving to your HSA if you want to enroll in Medicare Part B. If you intend to sign up for it, stop saving into your HSA six months before.

Note: As a working 65-year-old, it is not crucial to sign up for Medicare, whether Part A or Part B. However, you should sign up for the plan within eight months of stopping work or losing your employer coverage. If you don’t do this, you might have to pay the penalty.

Finally, Medicare rules and processes can be complex. To avoid making mistakes and omissions that could cost you, consult with Medicare and your employer’s coverage administrator.

If you want to know more about this and other types of personal insurance, contact us at Miller Carlisle Insurance Services today!

How to Buy Home Insurance: 6 Easy Steps to Get the Coverage You Need

Having your own home is a huge achievement. That’s exactly why you should do your best to ensure it is protected at all times. One of the best ways to do this is to purchase the appropriate insurance coverage. However, due to the multiple types of coverage available, you should weigh your options and put some thought into it. Consequently, you will be able to choose the most suitable for your situation.

In this guide, we will provide you six practical steps to choose the best insurance policy for your home.

Steps Involved in Getting the Coverage You Need

With the steps below, you can confer your home with the protection it needs. They are applicable to all types of policies.

Step One: Understand What You Require

Plans usually include coverage for loss or theft of possessions, destruction and property damage to a house’s exterior and interior, or personal liability. Before you purchase insurance coverage, ensure you understand what you need. Also, understand the different available options.

Here are some of the options:

  • Dwelling coverage: This covers damages to your housing structure. It also covers the associated electrical, plumbing, heating, and other home systems.
  • Other structures coverage: This covers damages to sheds, fences, detached houses, and other structures not attached to your home.
  • Medical bills coverage: It covers the medical bills of guests who get injured on your property or by your pets.

Other coverages are:

  • Liability coverage
  • Loss of use coverage, and
  • Personal property coverage

Note: These policies may not cover valuables like jewelry, collectibles, artworks, etc. Therefore, you may have to get endorsements at an additional cost. Also, you may require additional coverage if you own a trampoline or a swimming pool.

Step Two: Determine How Much Insurance You Need

Remember that all homeowner insurance policies are different. Thus, the amount of insurance you need will differ from that of others. To determine the amount you need, calculate the repair or rebuild costs of your home. Also, factors like construction costs, number of bathrooms, square footage, associate home systems, etc., will affect the insurance amount you need.

Step Three: Familiarize Yourself with Local Threats and Disasters

While home insurance is an effective protection for you and your family, it doesn’t protect against all threats and disasters. To ensure your chosen coverage protects against these elements, familiarize yourself with the dangers in your area. Is it a flood-prone area? Do wildfires occur regularly? Ask and answer questions like this to gauge a proper understanding of what your policy should cover.

Step Four: Gather Necessary Information

Before you purchase coverage, ensure you have all the necessary information about your home and yourself. Usually, this would include the home address, prior insurance inspection reports, if any, along with the home’s square footage, heating type, plumbing, and electrical system details, etc. Apart from the ones mentioned above, the following are also important: your birthdate, social security number, lender requirements for homeowners’ insurance coverage, and insurance appraisal, among others.

Step Five: Compare Prices and Policy Options

Most insurance companies have similar insurance policies. However, the premium they charge differs. Due to this, contact different insurance companies to find out their insurance rates and policy options and study insurance plans carefully because companies may have similarly priced coverage plans which offer different benefits. Then, compare them with one another.

Note: Pay attention to the deductible and policy type of each coverage.

Step Six: Choose an Insurance Company and Finalize Details

After careful consideration of each company’s policy, choose your preferred insurance coverage and finalize policy details. Further, set your policy’s deductible. Then select the date you want the policy coverage to begin.

Home insurance is a smart decision to make as it protects your home and your belongings. Regardless of the type of policy you want to buy, the process remains the same. By adhering strictly to the steps above, you will find that it is easy to buy home insurance.

If you find any part of this confusing, we can help. Contact us at Miller Carlisle Insurance Services to consider your options and be guided on what to do.

Is There a Car Insurance Plan with Unlimited Coverage?

Car Insurance Coverage

Every car owner is expected to purchase insurance to protect against emergencies. A standard auto policy will cover damages caused by vandalism, collisions, and bad weather conditions. However, there are many factors you must consider to ensure that you get the best auto policy for you.

It can be very costly to repair or replace a damaged vehicle, so taking out auto insurance can help protect you from expensive out-of-pocket costs. Your policy kicks in when the damage to your car is caused by a covered accident. You can make claims for medical bills, repair costs, replacement costs, legal defense costs, and more.

Like every type of insurance policy, car insurance has a limit. A limit is one of the most important concepts to understand before purchasing a policy. There is no such thing as unlimited coverage, else policyholders will misuse the opportunity, and providers will acquire significant losses. An insurance limit tells you the maximum amount of money your provider will payout for a covered claim. Your car insurance only covers you up to the extent of your policy.

A typical insurance policy is a collection of coverages, and each of them has a limit. So, you are likely to have more than one limit in an auto policy.

Popular coverages in auto insurance include liability coverage, collision coverage, and comprehensive coverage. These coverages will have three separate limits.

How Are Coverage Limits Determined for Different Insurance Plans?

Your provider determines your limit based on various factors. Multiple coverages call for different limits.

Determining Liability Insurance Coverage Limits

For liability coverage, the limit is determined by that law of your state. Each state mandates minimum limits that motorists must purchase, but it is up to you to increase your liability limits by purchasing more coverages.

Determining Collision and Comprehensive Coverage

Collision and comprehensive insurance cover the following four types of accidents:

  • If your vehicle collides with another and you are at fault
  • Crashing into an object like a tree or mailbox
  • If your vehicle topples over
  • If an uninsured or underinsured motorist hits your car

Here, the limits are determined by the cash value of your vehicle at the time of the accident. That is, you will only be paid the repair or replacement costs equal to the actual cash value of the car at the time of the collision. As a result, your payout may not be able to replace a vehicle that you’ve been using for many years because its worth would have depreciated.  

If the damages exceed the limit of your car insurance, you will have to cover for the remaining out-of-pocket. In this case, additional coverages, like umbrella insurance, can help minimize out-of-pocket costs. This policy kicks in after your existing policy has reached its limit. Although umbrella insurance also has its limit, it is significantly higher than other policies. Therefore, your closest option to unlimited car insurance coverage is through an umbrella policy.

Umbrella insurance is important because it gives you additional coverage for any claims or lawsuits against you or your vehicle. Contrary to common belief, it is inexpensive to purchase as an addition to your other policies, and it helps to protect you against out-of-pocket costs.

Our insurance experts at Miller Carlisle Insurance Services can help you purchase an affordable auto insurance policy to suit your particular needs. Contact us today to get a quote!

What Are the Common Reasons for Distracted Driving Accidents?

Reports have shown that over 2,800 persons were killed, and up to 400,000 were injured in auto accidents caused by distracted driving in 2018 America. Distracted driving is an act that takes a driver’s attention off the road. There are three types of distracted driving. These include:

  • Visual: This is when your eyes are off the road and focused elsewhere.
  • Manual: This is when you give up control of the vehicle by taking your hands off the steering wheel.
  • Cognitive: This is when you are lost in thought, so your mind is not focused on the road.

Visual and manual distractions are dangerous but can be quickly corrected because they are obvious to the driver. On the other hand, cognitive distractions are less noticeable, so they can go on for a long time without stopping.

Engaging in discussion with a passenger or a fatigued mind are some of the reasons for one’s thoughts to wander. The nature of cognitive distractions is particularly problematic, so drivers need to be very aware of their thoughts. You can avoid distracted driving by keeping your mind, hands, and eyes on the road at all times.

Some Common Reasons for Distracted Driving Accidents

  • Cell phones: The National Safety Council reports that over 25% of auto accidents involve the use of cell phones. Simple acts like talking on the phone, dialing a number, texting, or checking for directions on the phone can have serious consequences. Refrain from using your mobile phone in any way while driving.
  • Infotainment systems: Most car brands include interactive screens to convey information and entertain motorists in recent years. Operating the radio, video, tv, and other systems can cause a distraction while driving.
  • Navigation/ GPS systems: Although the idea for GPS and other navigation services is to help the motorist, they can cause distraction. Anything that takes your eyes away from the road, even for a split second, puts you in danger.
  • Temperature and other controls: Most drivers look for vehicles that have temperature regulation systems. It is best to turn on the AC, heat, or other controls before moving the car to avoid distractions.
  • Loud video or radio: Listening to the radio or video on a very loud volume can make it easy for the driver to lose focus.
  • Reaching for things: If an item drops onto the floor of the car, or the motorist needs to get something from the back seat. It is best to keep all your properties close by and secure, and if you have to reach for items, do not do so until you have pulled over.
  • Loud co-passengers: Children, teens, and even adults can be overly noisy as passengers in a vehicle. Noise from your co-passengers can be extremely distracting while driving and preventing you from focusing on the road.
  • Eating and drinking: It isn’t a good idea to eat in a moving car, especially for the driver. Things like spillage, unwrapping food, or reaching for foods can cause distractions.
  • Being lost in thoughts: After a long and eventful day, it can be easy for one’s mind to drift away behind the steering wheel. Daydreaming and a mind filled with worries can steal your attention away from the road. Drivers need to be aware of their thoughts to stop them quickly before it leads to an accident.

Miller Carlisle Insurance Services is your go-to provider for an auto insurance policy. You can rely on us to fulfill all your coverage needs with exceptional expertise. Contact us now to get started!

What Can I Expect While Filing a Home Insurance Claim?

As a homeowner, it is best to purchase an appropriate homeowner insurance policy. This will give you the guarantee of being covered in case of losses or damage related to your home. Still, it is important that you know when to file a claim in the event of a loss or damage.

The Types of Events That Can Require Filing a Claim

Before you can file a claim for a certain loss or damage related to your home, make sure to contact your insurance agent or insurer to know which events are covered by your policy. If a certain hazard is not included in your coverage, then you won’t be able to file a claim for it.

Some of the most common losses or damages homeowners insurance covers include:

  • theft and vandalism
  • fire
  • hail and wind
  • explosion
  • falling objects (asteroids, meteors, space debris, falling satellites, etc.)
  • flooding
  • hurricane
  • mold infestations

However, some of these damages (e.g. hail and wind, flooding, hurricane, and mold) are not covered under the standard home insurance policy and might need additional coverage depending on the extent of risk you are exposed to while living in a specific location.

Filing a Claim for Homeowners Insurance

Most people don’t know this, but it is better to file a claim for loss or damage as soon as the damage occurs. This is because the sooner you file the claim, the earlier the issue can be resolved.

Step 1- Speak to Your Insurer

Contact your insurer and ask them questions related to the claim you plan to file. You should understand your policy coverage, limits, and deductible costs before filing a claim.

Step 2- Submit the Claims Form

Once you are sure that you wish to file a claim, the next step is to fill out the claims form. This is just for the insurance company to know specific details related to your claim. You’re required to fill out questions like your personal information, policy number, location of the loss, date of the incident, the cause for loss, and estimated loss amount. You can also add a picture or video clip of the loss for additional evidence. Once the information is confirmed, emergency alleviation will be provided to you.

Step 3- Schedule an Appointment with the Claims Adjuster

The submission of your claim is usually followed by your insurance company sending over a claims adjuster to inspect and assess the situation of your damage before filing an official report for the approval of your claim. Schedule an appointment with your insurance company’s insurance adjuster, or hire your own, and finally, the claim pay-out checks will be provided to complete your repairs.

While filing a claim, it’s a good idea to manage your home to prevent further damages. For assistance with all your home insurance needs, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We are here to assist you with all your coverage needs.

Understanding the Difference Between Liability and Full Coverage Car Insurance

Purchasing a car is expensive enough without worrying about car insurance cost being unnecessarily high. Although liability car insurance is a must-have in virtually every state, full coverage car insurance is optional. The aim, however, is to understand the two policies and the difference in their coverage and cost. This way, you only have to purchase a policy that best suits your situation instead of buying it all at a high cost.

What Does the Term “Liability Car Insurance” Mean?

Just as its name suggests, liability car insurance is a policy that covers the expenses of the other driver in an accident for which you are found responsible or blamed. However, it should be noted that a liability car insurance policy does not have an unlimited amount of damage coverage.

This policy represents the maximum amount that you are required to pay for either type of coverage, either per person or in total.

There are also minimum requirements that vary by state, but you can purchase policies with a higher limit than that required by your state. This is because lack of adequate coverage for the total amount of damages caused by you could cause you to be sued in a civil court.

The two types of liability car insurance coverages include:

  • Bodily injury liability-which covers expenses like medical bills, lost wages, and compensation for the pain and suffering of the other driver
  • Property damage liability– which covers expenses like vehicle repair costs and damage to buildings or fences of those involved in the accident

What Does the Term “Full Coverage Car Insurance” Entail?

This kind of coverage includes both liability and comprehensive and collision coverage. It can also include medical coverage and uninsured/underinsured motorist coverage. Although it isn’t required by law like liability car insurance is, its coverage is much wider and versatile.

The types of full coverage car insurance are:

  • Collision insurance, which pays for damages to your vehicle after an accident including other vehicles and road hazards. However, there’s no coverage for accidents involving animals.
  • Comprehensive insurance, which pays for accident damages caused by animals, natural disaster, theft, or vandalism.
  • Medical Payments, which pays for medical bills and lost wages for you and those involved in the accident.
  • Personal Injury Protection, which pays for yours and your passengers’ medical bills. It is mostly used in no-fault states.
  • Uninsured/Underinsured Motorist Coverage, which covers the expenses of the other driver if he is at fault and uninsured or does not have full coverage to cover the cost of damages.

A lot of factors determine the cost of these two policies, from age, type of vehicle, driving record, state, and city. So, be well-versed on the two policies and choose one well-suited to you. For assistance with all your insurance needs, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all your coverage requirements.       

Crucial Tips to Stay Safe on the Roads While Driving

Even the most skilled and experienced drivers can be caught in an accident. Accidents don’t happen intentionally and can occur under a variety of circumstances. However, with extreme caution and careful adherence to these crucial tips listed below, accidents can be avoided.

Tips to Stay Safe while Driving
Tips to Stay Safe while Driving

Stay Alert: Driving requires the utmost attention, which is why the driver must remain alert and attentive to their surroundings. If something suddenly jumps out in the middle of the road, the driver will be better able to respond quickly. If you’re driving with passengers, engaging in conversation with them may help you remain vigilant and alert. Take care, however, as getting too deeply absorbed in conversation can serve as a distraction.

Stay Sober: Many accidents occur as a result of the driver being high on alcohol or drugs. Don’t let this be you, especially when you’re responsible for the lives of yourself and others. Make sure you are 100% sober before driving as you do not want to be the cause of death or injury for family, friends, or anyone else.

Stay off the Phone:  Another important rule of driving is that you do not text and drive. Several people ignore this simple rule and end up being injured or putting the lives of others at risk. Newer cars have the advantage of smart technology that can allow drivers to stay connected without having to worry about looking at a screen, but if this is not your situation it can be tempting to try to check your phone whenever it rings or buzzes for attention. You can avoid this temptation by putting the phone in a compartment or area where you cannot see, hear, or reach it while driving. Some phones also have an option that allows you to set yourself in an unavailable status while driving, which can also help curb temptation by preventing any messages from coming through until you have stopped the vehicle.

Make Use of Your Seat Belt: Seatbelts are required to be installed in cars for safety, and it is crucial that you buckle up while driving. This can help you avoid injuries in most cases when there is a sudden collision or stop. The seatbelt can pull your body backwards and away from the wheel and dashboard to reduce injuries in the event of an accident.

·      

Make No Assumptions: You should never make assumptions about the other drivers on the road. To remain cautious and stay alert, you must think of yourself as the only driver who happens to be in the right frame of mind instead of assuming that all drivers are vigilant and will automatically adhere to the safety rules and regulations

The above tips for motorists should be practiced regularly to avoid accidents. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all our coverage needs.

Why Your Homeowners Insurance Policy Should Change along with Your Home

Even after purchasing a home and settling in well, your new home never really stays the same. Over time, a number of changes will be made, be it as a result of financial growth, marriage, or the presence of children. These changes can then increase the value of your home to twice what it used to be. It is important to change your homeowners’ insurance policy as more changes are made to your home. In the event of an emergency, accident, or any other unforeseen circumstance, this can protect you financially and serve as an incredible contingency plan as time goes on.

Home Insurance Policy

You might be wondering why an update to your homeowners’ insurance even matters. Here are some things to consider:

· There are certain improvements that could enhance the value of your home. For example, the addition of a mini quarter in the backyard of your home or the installation of a pool can enhance the value of your home, which is why you need an updated or different homeowners insurance policy.

·Also, the purchase of expensive items such as furniture, electronics, home appliances, and so on might require extra coverage insurance-wise. This is because they also need protection as much as the house itself in the event of any natural disasters.

·Just as the purchase of expensive things in the home needs more coverage, so do the valuables you possess. Valuables such as jewelry, family heirlooms, antiques, and expensive artwork are not always covered by the basic homeowners insurance policy, which is why a floater or rider will be needed as an addition to your policy for coverage.

· It is also important to be aware that you will be held legally responsible for the actions of whoever drinks in your home and is then involved in an accident. So, you have to be sure that your homeowners’ policy protects you against lawsuits or other damages in case you find yourself in such a situation. If your policy doesn’t offer this protection, it’s worth updating it.

·Certain items that could end up causing someone an injury in your home, such as a trampoline or swimming pool in your backyard, will need an excess liability or “umbrella” policy that is guaranteed to protect you in case someone gets injured by it.

·Most importantly, you should be aware of what your homeowners’ insurance policy covers and what it doesn’t. Most people believe, for example, that flood damages would be covered by a standard homeowners insurance policy in the event of a natural disaster. To avoid being caught off guard, review your policy and consider purchasing additional coverage.

As your home experiences more changes over time, these are some of the things to consider updating in your policy. For assistance with all your insurance needs and any questions you may have, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all your coverage needs.

All You Need to Know About a Home Inventory Checklist

Creating a home inventory checklist is the best way to ensure that all your possessions are fully covered in the event of a fire, flood, or natural disaster. Your home inventory checklist should include your most expensive possessions. Smart appliances, antiques, collectibles, electronics, and most of your personal possessions should all be included in the list. While you don’t have to include every item you own, you should try to include as many as you can to make sure you are adequately covered.

homeowners insurance
Home Inventory Checklist

Why Is Having a Home Inventory Checklist So Important?

When a disaster occurs, the last thing you want to worry about is trying to figure out where all your possessions are and if they are damaged or not. If you put together a home inventory checklist, you will know exactly what you have and what it will cost to replace those items. Your home inventory checklist is your guide to rebuilding your home and filling it with all the things you had before the loss. It also helps your insurance agent accurately estimate your loss and assist you in getting the items replaced.

What Is the Best Way to Create a Home Inventory Checklist?

There are two ways to create a home inventory checklist. The first way is to have a written list that contains all the intricate details of each of your possessions. This includes their purchase date, model, and serial number. The second way to create a home inventory checklist is to make a video of each item. Using a video camera, you can capture the accurate condition of the items and get a close-up picture of them.

What Do You Do with Your Checklist Once It Is Made?

Once you have completed your home inventory checklist, both written and video, you will have to put a copy of the list in a safe place. Most insurance agents recommend making multiple copies. You can store a copy in a safe place at home and put the second one in a safe deposit box or some other place outside your home. Finally, make sure your insurance agent has a copy of both the video and the written list. It’s also a good idea to create a digital copy that can be stored in the cloud. Digital copies are easy to store, retrieve, and share, and you do not have to worry about them being lost in a fire or other unfortunate disasters.

As a homeowner, creating a home inventory checklist should be your priority. In addition to creating a home inventory checklist, make sure that you have the right homeowners insurance coverage to meet your unique home insurance needs. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need. 

Understanding the Different Types of Small Business Insurance

As a small business owner, you want to protect your commercial investment just like you protect your home or car. The main difference is your business is much more complex and requires more types of insurance to ensure that it is fully protected. It is important to talk to your agent to find out what types of insurance you have and what supplemental policies you may need to fill in any leftover gaps.

small business insurance
Understanding Different Types of Business Insurance

Following are a few different types of insurance that your small business may require.

1. Property Insurance

Property insurance protects property that is owned by your business. It will also protect another person’s property if it is damaged while it is on your business premises. Burglaries, theft, vandalism, and weather damage are all covered under this type of policy. Property insurance protects the structures of the business as well as your inventory. It will even cover what is referred to as employee dishonesty. In simple terms, it means damages caused by an employee stealing or taking part in other types of unethical behavior.

2. General and Professional Liability

General liability covers any injury a person receives while on your property. Professional liability will cover any damages to someone else’s property that is caused by a mistake on the part of one of your employees or a product defect. You are liable, even if the injury was unintentional. Personal or bodily injury is one of the most common forms of liability. Slip and falls, tripping, or objects falling from shelves can all result in a personal injury claim.

3. Workers’ Compensation, Health, and Life Policies

Workers’ compensation, health, and life insurance policies do not fall into any other insurance categories. While some people may try to recognize a workers’ compensation as a gap policy, it is in its own category.  Group health and life insurance policies are dealt with in the same manner. Employees have a choice as to whether they want to purchase them. However, the rates are lower for group insurance policies.

4. Supplemental or Gap Policies

Supplemental or gap insurance covers all of the other types of damages to which your business may be susceptible. This includes umbrella coverage, fleet insurance, business interruption, floods, earthquakes, and hurricane insurance. In today’s tech-savvy world, data breach or cyberattack insurance is also a must.

Though there are many different types of gap policies, the most common ones are those that cover floods, earthquakes, and hurricanes. Gap policies cover risk factors that do not affect everyone. Businesses that are located inland will rarely experience hurricanes. Businesses located along the coast, on the other hand, will readily purchase hurricane insurance to protect themselves against loss in the event of a storm that comes to shore.

These are a few different types of insurance coverage that you must consider in order to protect your small business. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all your coverage needs.