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Retirement Income

Lifetime Guaranteed Income
Pension Hybrids
Tax-Free Income

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Medicare

Medicare & Medicaid
Medicare Supplements
(Medigaps)
Medicare Advantage
Plans Dental & Vision

Long-Term Care

Asset/LTC Hybrids
Life Insurance/LTC Hybrid

Home Care
Assisted Living Care
Nursing Home Care

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Representing Over 30 Companies

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Pension Hybrids

Guaranteed Lifetime Income

Asset Control & Asset Growth
Principal Protection
Legacy Protection

Would you like to retire with a guaranteed lifetime income like a government worker or teacher? Would you like to protect your principal, grow your asset, and pass it on to future generations? Do you have tax-free income as part of your strategic retirement plan?

Learn how to create your personal pension plan (like a traditional pension), but you still own your asset or cash value. This hybrid means that your principal or cash value is always under your control. You can change your mind and cash out. 

This Pension Hybrid through us is not an Annuitization or a Variable annuity. If you annuitize your money, you no longer have control of your principal. You lock up your money for life. Variable annuities involve market risks and many potential fees. That’s why we teach you how to create this Pension Hybrid.

Yes, stress-free income like a teacher or government retiree. Our mission is to teach you these differences and how you can receive guaranteed income for life. We will write down a game plan and show you how you can use your assets to have a promise of lifetime guaranteed income while maintaining control of your assets, growing, and protecting your principal. 

The size of guaranteed lifetime income can affect what Medicare Health Care choices you can afford and also cover the parts that Medicare does not cover, like long-term care. Let us write down a guaranteed strategy that will provide you income not just for the next few years, but rather for the rest of your life.

Best of all, we never charge a fee for our coaching sessions and get paid directly through insurance companies.

Click Here To Learn More

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Medicare Made Easy

Medicare (Parts A & B)
Medigap Plan (Supplement)
Medicare Advantage (Part C)
Drug Plan (PartD)

Do you find yourself confused with all the Parts of Medicare? Are the terminologies such as Medicare, Medicaid, Medi-Cal, MediMedi, Medigap, Medicare Advantage, Part D, Extra Help, and so forth overwhelming? How about the rules of changing your plan? Yes, most plans have a yearly Open Enrollment. However, were you aware that Medigap plans have a one-time-only Open Enrollment? With so many plan options, how do you make the right decision? Are you stressed and unsure what you can afford due to living on only Social Security with no pension or a pension hybrid?

Let us walk you through our All SET Process. This includes three main steps. (1) The first step is laying the foundation by teaching you the Medicare Basics and understanding Parts A, B, C, and D. What does Medicare not cover? Does Medicare cover long-term care? (2) Our second step is showing you the pros and cons between the Medigap plans (Medicare Supplement) and Medicare Advantage plans (Part C). If you choose Medigap plans, we will also show you how insurance companies raise their rates. (3) Our third step is to compare your drug plan (Part D). Depending on your choice, you may or may not need a separate Part D plan

Educating you is always our mission. We feel that education and transparency must go hand in hand to make things simple. We represent over 30 companies so that we can be fully transparent and unbiased while we help you find options within your budget. 

Learning Medicare is like learning a new language and going into a country that you’ve never visited before. We hope you choose us to help guide you through this brand-new venture and say, “Medicare is easy!”

(Click here to learn more)

Long-Term Hybrids

What Medicare Does Not Cover

Traditional Long-Term Care Protection
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Asset Control & Principal Growth
Principal Protection
Legacy Protection
Tax-Free Benefits

Did you know Medicare does not cover any type of long-term care? Especially long-term care at home or in assisted living facilities is not covered by Medicare. 

Medicare only covers short-term care at home or in skilled nursing facilities. You must have at least a 3-day qualifying hospital stay to get coverage. Yes, most of us will never need this high level of care. However, did you know that over 70% of us will use some level of long-term care? Specifically, home care. Medicare’s home care is very strict and limited to short-term care. You must be homebound, and a doctor must certify that you’re homebound. You’re not eligible for the home health benefit if you need more than part-time or “intermittent” skilled nursing care. 

We most likely cannot depend on our children and neighbors like our past generations. Retiring with a 401(k) or IRA and no lifetime guaranteed income like a pension has also made it difficult to predict how many assets we will have left to self-insure our long-term care

Traditional long-term care plans are also very expensive, and only a few insurance companies are left offering those policies. People are often left today with no planning and no protection. Kids have to quit their jobs to take care of their parents. Retirees are caught depleting all their assets.

Our unbiased coaching sessions are designed to give you options that you most likely were never aware of before. Our mission is to teach you the concepts and hybrids that have been created for decades where you use your own assets, you still have control over your assets, and you can cash out and change your mind similar to a savings account without a penalty.

(Click here to learn more)

Frequently Asked Questions

FAQ Retirement Planning

What is the difference between Retirement Planning and Investment Planning? Is there a charge for the initial or future consultations? Is there any obligation?

Investment planning mainly focuses on “investments” and how to grow your wealth. Retirement planning’s strategy is how to protect your wealth. This typically involves having a strategy using pension planning (guaranteed lifetime income) along with health care coverage.

Are you a financial advisor?

No, and our goal is not to replace your current advisor. Like a teacher’s pension or your social security, creating a pension or lifetime income strategy is to simply supplement your investment strategy. Think of it this way: Investment planning a “hope” to be wealthy.

Guaranteed Income planning is a “promise” never to be poor. All pensions and even your social security is an "insurance" policy. Think of F.I.C.A. taxes. What does the "I" stand for? Yes, insurance! Insurance means a promise. Only an Insurance company can provide a guaranteed lifetime income. Having both in your portfolio will balance out living too long, incurring long-term care expenses, or getting hit by a recession.

What’s the difference between a pension and a 401(k)/IRA?

A 401(k)/IRA is simply an asset that you manage or have someone manage for you. Usually this involves investing in stocks or mutual funds.

A pension is a guarantee that gives you income for life. A teacher would most likely never give up their guaranteed income!

FAQ Medicare

What’s new?
Medicare Advantage Plans & Drug Plans: 

(Insurance Co. is your PRIMARY) 

There might be a few new changes with your Medicare Advantage plans. Please see your Annual Notice of Change to see how your plan is affected. If you would like to change your plan, then please call our office at 408-502-7080.

Medigap (Supplement) plans: 

(Medicare is your PRIMARY)

If you have a Medigap (Supplement) plan, then the benefits will not change each year. Medigap plans never change their benefits since the plans are all standardized by Medicare. 

What are the plans that include a drug plan, vision, dental, gym membership, and so forth?

Medigap plans don’t typically offer these value-added benefits. There a few that do. Most of the plans that offer these extra perks have a small network for optometry and dentistry.  So, it’s typically better you have a separate vision and dental plan. 

Plus, these companies that offer them do raise the rates due to your new “attained age.” Please click on the Why does my Medigap premium keep going up? to learn more. *Medicare Advantage plans, depending on the county and plan, usually offer some added benefits. However, these value-added benefits are not guaranteed each year. Please check your Annual Notice of Change to check the changes on your plan.

Please call us for more details.

*See pages 17-18 of the Official Government Guide:

https://www.medicare.gov/Pubs/pdf/02110-medicare-medigap-guide.pdf)

2020 Choosing a Medigap Policy (2021 has not been published yet)

Do I need to change or renew my Medigap plan?

No. Since 1992, these plans are all guaranteed renewable. As long as you continue making your payments there’s no need to do anything else! *

*See page 50 of the Official Government Guide:

Click below for a FREE copy of Choosing a Medigap Policy Booklet 

 

2020 Choosing a Medigap Policy (2021 has not been published yet)

FAQ Long-Term Care

I heard LTC policies can raise their rates a lot, is that true?

With the traditional coverages, yes. With the life insurance policies and asset transfers, the premium will never go up.

Isn’t long-term care expensive?

Yes, it can be. If you wait too long and due to your age or health you might not be able to afford it. There are three major types of LTC. A traditional LTC policy, Life insurance with LTC, and Asset Transfers.

However, have you learned about the life and long-term care hybrid coverages that are available now? Have you heard about the LTC hybrids that combines the idea of an asset transfer (you always have control of your asset) along with a life insurance policy?

What this means to you is this:

  1. You can quit and get your asset back.
  2. If you don’t use it your beneficiary will receive more than you put in tax-free! 3
  3. You need to use the policy. You’ll receive the benefits tax free and will also have an option of lifetime tax free coverage.
  4. Option to never have any monthly premiums. 
I thought Medicare or my Medigap covers nursing home and home care?

Medicare only covers what’s considered rehab. Example, you go to the hospital for a stroke. Medicare will cover up to 100 days in Skilled Nursing and provide part-time home care. 

Medicare usually does not cover regular home care, assisted living, and any nursing care outside of rehabilitation. Care for dementia or simply bathing or dressing due to a disability is usually not covered by Medicare or any Medigap or Advantage plans.

kai and ann chung

Kai & Ann Chung

Knowledge is Power

Independent Retirement Insurance Specialist 

As one of the nation’s premier independent Medicare insurance brokers, representing over 30 companies, our mission is to provide you with the information you need to make an informed and unbiased decision about the two biggest gaps and concerns in retirement, income and healthcare. 

If you want to retire with guaranteed lifetime income like a teacher or government retiree, and would like to learn more about Pension Hybrids, we are here to help.

If you are new to Medicare by just turning 65 or simply new to Medicare Part B, or if you have an existing Medicare Supplement and due to recent price increases want to know if it’s an overpriced Medicare Supplement, we can compare and shop around. 

If your main concern is to cover the long-term care gaps that Medicare does not cover, then give us a call.

Call us at 408-502-7080 or fill out the Contact Us form below to set up an appointment. We get paid through the insurance companies direclty, so our services are always of no charge to you, the consumer.

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