California Health Insurance News 
Articles / Besides Medicare Part D, should insurance coverage be updated?
12/12/2005
With all the attention being placed on Medicare Part D and all the confusion that goes with it, there are also some other serious insurance facts for seniors to consider.
According to recent statistics, the average inflation rate for most of this year has been around 3%, but for various reasons best known to politicians and economists the average inflation rate for the months September and October was 4.52%.
With reasonable optimism one could hope that with the aid of modern medicine, at age 65 one has a life expectancy of 15 to 20 years more. This means that if we are on a fixed pension and the inflation rate remains more or less the same, theoretically our money in 20 years time will be worth 90.4% less - hardly enough left for a bottle of aspirin, never mind basic living expenses.
Our own well being and that of our loved ones is therefore at stake and all the other aspects of insurance coverage needs to be thoroughly examined so that a tremendous amount of worry can be put aside for seniors to enjoy their autumn years with peace of mind for themselves and their families.
"Your Insurance agent or broker plays a vital role in keeping you informed about the latest developments and how it effects your insurance portfolio," said David Thau, CEO and founder of 'Keep It Simple Insurance' in Los Angeles. "Whether it is Life Insurance, Final Expense Insurance, Dental Insurance or Individual and Family Health Insurance, all these could mean a heavy burden on oneself and ones family if one turns a blind eye to them. Medicare Part D is vitally important, but the other aspects need to be updated to keep up with inflation and give the peace of mind that one is entitled to expect from a balanced insurance portfolio in ones later years."
As the year draws to a close and we review the turbulence that has effected so many of our lives, Insurance is not one of the things to be shelved, for trouble can strike at the most inopportune moments and as with all things, we need to be prepared for any eventuality.
