Manhattan Life Supplemental Insurance: Silver Sneakers Access?

ManhattanLife is one of the oldest and most reliable life and health insurance companies in the United States, offering a full range of insurance and annuity products to support every phase of life. The company has been supporting individuals and families since 1850, providing peace of mind at every stage of life, from family planning to retirement. Their Medicare Supplement plans help cover the gaps left by Medicare Part A and Part B, including costs such as co-insurance, co-payments, and deductibles. Silver Sneakers is a popular fitness program designed for seniors on Medicare, providing access to gyms, fitness centres, and exercise classes. It is included in some Medicare Supplement plans, but does ManhattanLife supplemental insurance provide this benefit?

ManhattanLife's Lighthouse Series

ManhattanLife has been supporting individuals and families with a broad range of quality insurance and annuities since 1850. The company's Lighthouse Series is a set of senior-focused products designed to help cover the gaps left by Medicare Part A and Part B. The series includes supplemental insurance options such as dental, vision, and hearing coverage, as well as cancer, heart and stroke, short-term medical, home health care, and final expense life insurance.

Medicare Supplement Insurance, or Medigap, fills in the gaps in coverage that Medicare doesn't fully cover. ManhattanLife's Lighthouse Series helps seniors manage the costs that Medicare doesn't cover, such as coinsurance, copayments, and deductibles. This keeps healthcare out-of-pocket expenses to a minimum, providing added security and protection for seniors when they need it most.

The Lighthouse Series is a comprehensive solution for seniors, allowing them to easily locate, review, and enroll in senior-focused products. The series continues to expand, with new product offerings being added to meet the diverse needs of seniors. ManhattanLife annuities, for example, provide an additional tax-deferred investing option beyond traditional IRA's and 401(k)s. They also allow for penalty-free partial surrenders of up to 15% each calendar year, which is 50% more than the industry average.

As one of the oldest and most reliable life and health insurance companies in the country, ManhattanLife is committed to helping its policyholders attain and sustain health, wealth, and security throughout their lives. The Lighthouse Series is a testament to this commitment, providing peace of mind and financial support to seniors when they need it most.

Supplemental insurance and annuities

Supplemental insurance is designed to supplement your regular major medical insurance policy. It can help with out-of-pocket expenses and even everyday expenses for a regular monthly premium. It covers a range of different types of insurance, including accident, dental, vision, cancer, fixed indemnity, and critical illness insurance.

ManhattanLife has been offering supplemental insurance and annuities since 1850. The company provides a full range of insurance and annuity products to support every phase of life, including mortgage insurance, accident insurance, Medicare Supplement options, and annuities for retirement. Their supplemental health and life insurance products are designed to provide peace of mind at every stage of life, from family planning to retirement.

Annuities are financial products that offer a guaranteed income stream, usually bought by retirees. They are designed to provide a steady cash flow during retirement, alleviating the fear of outliving one's assets. Annuities can be immediate or deferred, and fixed, variable, or indexed. They are often used in conjunction with life insurance policies to address longevity risk, or the risk of outliving one's assets.

ManhattanLife annuities provide an additional tax-deferred investing option to IRAs and 401(k)s, allowing individuals to turn a lump sum into guaranteed income for life. They also allow penalty-free partial surrenders of up to 15% each calendar year, which is 50% more than the industry average.

In summary, supplemental insurance and annuities can provide valuable financial protection and peace of mind at different stages of life. ManhattanLife, with its long history and range of products, stands as a reliable option for individuals and families seeking supplemental insurance and annuity solutions.

ManhattanLife's history and values

ManhattanLife is one of the oldest and most reliable life and health insurance companies in the United States. Founded in 1850, the company has been supporting individuals and families for almost 170 years, helping them attain and sustain the greatest levels of health, wealth, and security.

The company was formed with the purpose of providing protection for widows and orphans after the cholera outbreak. ManhattanLife's original founders' commitment to protecting policyholders has prevailed to this day, and its longevity in the marketplace is a testament to its enduring history and reliability.

ManhattanLife has a rich history filled with colourful stories that demonstrate its independent spirit, track record of innovation, and unwavering commitment to fairness. The company has survived multiple wars, plagues, the Great Depression, and the Great Recession without compromising its values or determination to "do the right thing".

One notable example of ManhattanLife's commitment to its values is its decision to honour the claims of Southern policyholders after the Civil War, despite pressure from the federal government to ignore them. The company believed it was the morally right thing to do, demonstrating its unwavering commitment to fairness and reliability.

ManhattanLife has also been at the forefront of innovation in the insurance industry. It was the first to write a group policy by an American company, the first to write an accident and accidental death policy, and the first to write a policy for a woman. The company also introduced the industry's first pre-authorized monthly premium check plan, the "Man-O-Matic," and published the "You and The Manhattan Life" employee handbook in 1959.

Today, ManhattanLife continues to stand by individuals and families, providing a full range of quality supplemental insurance and annuities to support every phase of life, from family planning to retirement. The company's independence has allowed it to make decisions that align with its values and core mission of helping policyholders attain and sustain health, wealth, and security throughout their lives.

Medicare Supplement plans

ManhattanLife has been supporting individuals and families since 1850 with a broad range of insurance and annuity products. The company offers Medicare Supplement plans, also known as Medigap, to help cover the gaps left by Medicare. These plans pay for deductibles, co-payments, co-insurance, and other out-of-pocket costs that Original Medicare does not cover. For example, in 2020, the Medicare Part A deductible was $1,408, which is the amount you must pay before your coverage begins. ManhattanLife's Medicare Supplement plans can help cover this cost.

ManhattanLife's Medicare Supplement plans are designed to provide a more cohesive approach to health and financial well-being. Without supplemental insurance, the costs of healthcare can quickly become unaffordable. ManhattanLife offers a range of different Medicare Supplement policies to suit different budgets and needs.

To be eligible for a Medicare Supplement insurance policy from ManhattanLife, you must reside in a state where the policy is offered, be enrolled in Medicare Parts A and B, and be 65 years of age or older. In some states, individuals under 65 with a disability may also qualify. Your Medigap Open Enrollment period begins when you turn 65 and have Original Medicare (Parts A and B). During this 6-month period, you can apply for a Medicare Supplement plan without undergoing a health assessment. After this period, you may need to answer health questions during the underwriting process.

Silver Sneakers eligibility

Silver Sneakers is a popular fitness program designed for seniors on Medicare. The program provides access to a network of gyms and fitness centres, as well as a range of exercise classes and equipment. It is included with many Medicare Supplement plans, helping seniors stay active and healthy while being covered by their Medicare plan.

To determine your eligibility for Silver Sneakers, you can follow these steps:

• Check your Medicare Summary Notice (MSN): Review your MSN, a quarterly statement detailing your Medicare-covered services and their costs. If your plan covers Silver Sneakers, it will be listed on the MSN.
• Contact your Medicare Advantage or Medicare Supplement plan provider: Call the customer service number on your Medicare or insurance card to inquire about Silver Sneakers coverage.
• Visit the Silver Sneakers website: Utilize their online tool by entering your Medicare number to check if your plan is eligible for Silver Sneakers.
• Consult with your plan's provider: If you have a Medicare Supplement plan, contact the insurance company directly to confirm if Silver Sneakers is included. If you have a Medicare Advantage plan, communicate with the company providing your Medicare Advantage coverage.

It is important to note that Silver Sneakers is not a standard Medicare benefit, so not all plans will offer it. For specific information about ManhattanLife's supplemental insurance coverage and eligibility for Silver Sneakers, it is recommended to contact their customer support or refer to their website for detailed plan information.

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