Expert Advice

Retirement -- How much is enough?

• Outliving Your Assets
• The Need To Supplement Your Income
• The Cost of Retirement
• Inflation

One of the first steps in retirement planning is to determine how much you'll really need, which is easier to say than to do. There are no hard and fast amounts to just plug in, although some would say a good starting place is to tally up your annual costs, and then take 80% of that to begin. Our financial consultants can help by making sure that what you already have saved is protected and remains safe. For those who truly want to maintain their present pre-retirement lifestyle, it's especially important to invest now.

Long-term Care: Simplifying the Coverage

Many people assume that Medicare and Medicaid already cover long-term care, but the fact is-they don't. Today, nearly two million workers at more than 7,000 companies have long-term care coverage, more than double the level of five years ago.

Some companies are starting to offer LTC to new hires as an extra perk to attract new talent. Let our LTC expert Teresa Eagan help you decide the best option for you and your family.

Prescription Drug Plans: Dare to Compare

Medicare Prescription Drug Plans (also known as Medicare Part D) are a new benefit provided by Medicare (since Jan. 1, 2006) and administered through private insurance companies. Similar to traditional Medicare, enrollment must occur within a certain timeframe or an individual is penalized for enrolling late (by having to pay a higher premium).

Medicare Prescription Drug Plans vary. As a result, it is important to compare them as they relate to your prescription medicine usage. Contact Mary Ann Hack for this product.

If you would like more information regarding any of the above topics, please complete the QuickSend below and Angela Gorton will follow-up with you no later then the next business day.

Life Insurance

Life Insurance is available through the ISMA Insurance Agency to cover the ISMA member and their spouse. A member and spouse are eligible to apply up to age 60 and guaranteed through age 75. Brand new ISMA members are eligible for a guaranteed issue of $50,000 during open enrollment. A maximum death benefit on this plan is up to $1 Million.

Contact Angela Gorton

401(k) Pension Plan

The Hartford 401(k) Programs

For more information on retirement programs, contact Judy Mankins of Agency Associates Financial Services at 317-704-8308 or toll-free at 877-647-2242.

Medicare Carve-Out

For covered persons who are eligible for Medicare, ISMA offers a Medicare Carve-out policy. The term "carve-out" is fitting because under this adaptation of a complete major medical insurance policy, Anthem calculates the benefits the plan would pay if it were the subscriber's only insurance, subtracts (or carves out) whatever Medicare pays, and then pays the difference.

A Valuable Benefit for:

• Physicians who are members of the ISMA and their spouses
• Employees of insured ISMA members who work at least 20 hours per week (on an ongoing basis) in a medical office or medically related facility, and their spouses.
• Surviving spouses of deceased ISMA members, assuming member was covered immediately prior to death.

Contact Mary Ann Hack about this product.

Adobe PDF Downloads

• Making the Financial Transition into Retirement
• Services Map
• Employee Concerns