Question 1

What is the difference between Medicare Advantage and Medicare Supplement?

Accepted Answer

Medicare Advantage (Part C) replaces Original Medicare and uses provider networks. Medicare Supplement (Medigap) works alongside Original Medicare and covers most out-of-pocket costs. Supplements offer more predictability; Advantage plans often have $0 premiums. The best choice depends on your health, doctors, and budget.

Question 2

When is the best time to claim Social Security benefits?

Accepted Answer

The optimal time to claim Social Security depends on your health, other income sources, marital status, and break-even analysis. Claiming at 62 gives you more checks but at a reduced amount. Waiting until 70 maximizes your monthly benefit by up to 32% over full retirement age. A Social Security analysis can be worth tens of thousands of dollars over your lifetime.

Question 3

What is a Fixed Index Annuity (FIA)?

Accepted Answer

A Fixed Index Annuity is an insurance contract that credits interest based on the performance of a market index (like the S&P 500) while protecting your principal from market losses. FIAs offer growth potential with a floor of 0% — you never lose money due to market downturns. They are commonly used to create guaranteed lifetime income in retirement.

Question 4

What is a life settlement?

Accepted Answer

A life settlement is the sale of an existing life insurance policy to a third-party investor for a lump sum cash payment greater than the cash surrender value but less than the death benefit. It's an option for policyholders who no longer need or can afford their policy. Payouts typically range from 10%–40% of the death benefit.

Question 5

How much can a business save with FICA tax reduction?

Accepted Answer

Most businesses save between $500–$1,000 per employee per year through a properly structured FICA reduction strategy. A company with 50 employees could save $25,000–$50,000 annually — without reducing employee take-home pay. Savings are redirected into tax-advantaged benefits employees actually value.

Question 6

Do I need a will or a trust?

Accepted Answer

Most people need both. A will directs how your assets are distributed after death and names guardians for minor children — but it goes through probate court. A revocable living trust avoids probate, keeps your affairs private, and allows for faster distribution to heirs. Our estate planning partner Trust & Will makes it simple and affordable to get both done online.

Question 7

What is group health insurance for small businesses?

Accepted Answer

Group health insurance is employer-sponsored coverage offered to employees, often at a lower cost than individual plans because risk is spread across the group. Small businesses with 2+ employees typically qualify. Premiums are tax-deductible for the employer, and employee contributions are often pre-tax. We shop multiple carriers to find the best value for your team.

Question 8

How does Remote Patient Monitoring work for clinics?

Accepted Answer

Remote Patient Monitoring (RPM) uses FDA-cleared devices to track patients' vital signs (blood pressure, glucose, weight, oxygen) between office visits. Data is transmitted to care teams who monitor trends and intervene early. Clinics bill Medicare CPT codes 99453, 99454, 99457, and 99458 — generating $100–$200 per enrolled patient per month in additional revenue.

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Your Retirement & Insurance
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