Insurance Strategies & Services
We're not just another financial advisor. Watch the video below to learn about Baacke Insurance & Financial Services' comprehensive approach to financial planning & wealth management.
Our insurance service offerings include:
Keep reading below to learn more about our different insurance services and offerings:
Medicare
Medicare is an important and valuable resource for many retirees, although it can seem quite complex at the surface level. While Medicare doesn’t cover every medical expense, it does provide a significant level of support. Depending on your exact coverage, you can use Medicare to cover hospitalizations, doctor’s visits, prescription drugs and more.
Medicare offers an open enrollment period every year. If already enrolled, this is a good time to review your medical needs and explore whether a different coverage package may be more appropriate. You can also choose from one of many different types of Medicare Advantage plans to provide a more robust level of protection.
Every year, Medicare makes changes to the program. Those changes could include price increases, deductible adjustments and even additions to the list of treatment covered under Medicare. Whether you are enrolling in Medicare for the first time, or wanting to know if you have the best plans and coverage during open enrollment, we'll help you understand all of your coverage options to make the best decisions for your Medicare planning.
Life Insurance
It may not be pleasant to think about your death, but it’s an important step in the financial planning process. Death could impact your loved ones not only emotionally, but financially. That’s especially true if you have family who depend on you for financial support.
Life insurance can be an effective way to provide your loved ones with financial support after you pass away. You can use life insurance to help your beneficiaries achieve things like:
- Maintaining their standard of living
- Paying off debt
- Funding long-term goals like retirement or college
- Supporting a family business
- Funding a trust
- Giving to a favorite charity
- And more
There are many different types of life insurance with a variety of features and benefits. Premiums are dictated by many different factors, including your age, health, and the type of policy you’re purchasing.
Our goal is to help you find the right type of protection for your needs at a price point in your budget.
Long-Term Care Planning
Long-term care (LTC) is an inevitability for many Americans. LTC is extended care or assistance with daily living activities, like bathing, eating, getting dressed, and mobility. It’s often caused by cognitive issues like Alzheimer’s, but can be caused by a wide range of medical challenges.
According to the Department of Health and Human Services, someone turning 65 today has a 70% chance of needing LTC. On average, women need LTC for 3.7 years in retirement, while men need it for 2.2 years.1
As you can imagine, that level of care for months or even years can be costly. Long-term care insurance is a possible strategy to offset the cost and to protect your assets.
With LTC insurance, you pay a premium, either in installments or a lump-sum, and in return, an insurance company pays some or all of your LTC costs should you ever need it.
Like life insurance, there are many types and varieties of LTC insurance. Some policies cover in-home care and even home modifications. Some are coupled with life insurance so that if you don’t need LTC, you can leave the benefit amount for your loved ones after you pass away. Some policies are designed for couples, so that either individual can use the benefit.
- Again, like life insurance, the cost of LTC insurance depends on your age and health, as well the specifics of the policy. Our role is to find the right protection for your needs and budget. There’s no one policy that is universally correct for everyone. It depends on your unique goals and needs.
Health Insurance - Under age 65
Health insurance is never a one-size-fits-all. It's important to ensure you have the right coverage for yourself and your family, especially in retirement.
No matter what stage of life you're in, we can be your go to resource for all things health insurance related. We can help cover individuals, families, business owners, employees and more. With proper planning and the right coverage, you can be prepared no matter what life throws your way and avoid any surprises.
Short term Health Insurance policies are available for 3 months and 6 months. We can also help you navigate critical illness, accident, disability coverage and more.
Dental, Vision & Hearing
Baacke's insurance agents are also licensed and well-versed in dental, vision and hearing insurance. Whether you need a plan for yourself or your family, or you're looking for plans to cover your employees, we can help find you the right coverage.
