One key aspect to consider when transitioning to Medicare is Prescription Drug Plan (PDP) insurance. Understanding the nuances of PDP can appear complex, particularly if you’re unfamiliar with managing prescription drug insurance. At Luft Insurance Agency in Escanaba, MI, we’re devoted to making this process easier for you. Let’s discuss some fundamental elements of PDP insurance and how it can serve your needs.

What Is PDP Insurance?

PDP, or "Prescription Drug Plan," is a standalone product that delivers Part D – the Medicare prescription drug coverage component – through a private insurance company.

Who Needs PDP Insurance?

Medicare Part D insurance is available to those who are enrolled in either a Medicare Part A or Part B plan. Part D covers your prescription drugs and is crucial for ensuring you have affordable access to the medications you need as your physician prescribes.

Choosing a PDP: Factors to Consider

When selecting a PDP, consider these questions:

• Will your regular prescriptions be financially manageable under this plan? If you take medications consistently, verify that your policy will cover these costs.
• Where can you fill your prescriptions? Ensure that your preferred or most convenient pharmacies are included under your policy.
• Will prior approval be necessary before refilling routine medications? Pre-approvals can be time-consuming, and knowing whether your plan requires this is crucial.

At Luft Insurance Agency in Escanaba, MI, we’re dedicated to providing tailored insurance solutions. Contact us today for help with acquiring PDP insurance.

Have you decided to rent a house or apartment in 2024? Don’t forget to consider getting renters insurance as well. Renters insurance remains one of the most forgotten types of insurance. Not every landlord or tenant understands how important it is. Keep reading this blog post with the answers to the most common questions about renters’ insurance. 

Who needs renters insurance?

Any renter who has personal belongings should consider buying renters insurance. Even if you think you do not have expensive stuff to replace, renters insurance is beneficial because it also covers liability. 

Is there a difference between renters and home insurance?

Yes, renters and home insurance are pretty similar. They both cover personal belongings. However, home insurance aims to protect the building itself, while renters insurance covers personal belongings only. 

Is renters insurance legally required in 2024? 

No, this insurance type is not mandatory. That is why most renters prefer to rent housing without renters insurance. About 56% of adults do not carry renters insurance. 

Can roommates share one renter’s insurance?

Yes, it is possible. For example, you can add your roommate to your renters insurance policy. However, you have to think about it first because you may double the amount of personal belongings you cover, which means you will reach your insurance coverage limit faster. 

As you can see, renters insurance is not a luxury – it is a necessity that will protect you and give you peace of mind. If you are renting housing in Escanaba, MI, or any other nearby area in Michigan, and you need renters insurance to protect your personal items, make sure to contact Luft Insurance Agency, an experienced insurance company. At Luft Insurance Agency, we specialize in different types of insurance, including renters insurance as well. Whether you live in Escanaba, MI, or any other surrounding town, we will help you find the necessary policy. 

Getting Your Recreational Vehicle Insured: Guidance for Residents of Escanaba, MI

Getting your recreational vehicle adequately insured is about more than just protecting your mode of transport. It’s about safeguarding your home away from home. Before you can do this, you’ll need to review the type of vehicle you own and its intended use. With these steps completed, you’re ready to get in touch with an agent in Escanaba, MI, for help with your RV insurance documentation.

Understanding the Vehicle’s Needs

First off, conduct a thorough inspection of your recreational vehicle. This can help identify any potential issues that could negatively impact your safety while on the road or comfortable living in the vehicle. Once the vehicle’s condition is assessed, document its size as well as all personal belongings stored within it. This information will play a crucial role in determining the amount of coverage you need, particularly for personal loss—which would cover theft and damage, including those caused by weather events.

Assessing the Use Value

Take the time to work out exactly how you will use your RV. A basic insurance policy may suffice if your vehicle is primarily used for transportation. However, more comprehensive coverage might be required if the RV is also used for traveling and accommodation during vacations. Should you travel with others, it would be prudent to consider additional liability protection. This additional coverage will safeguard against any injuries, financial losses, and other damages incurred.

Reach Out to Luft Insurance Agency

Ensuring you have appropriate insurance coverage in place prevents potential unexpected expenses, giving you peace of mind while you drive or relax in your recreational vehicle. For any RV insurance queries or concerns, contact a representative of Luft Insurance Agency. Our agents are ready and willing to guide you through any of your insurance needs.

We can help you at Luft Insurance Agency if you need to insure your boat. We provide insurance solutions to boat owners in Escanaba, MI. 

Here are four important resources you can take advantage of when you’re on the market for boat insurance. 

Word-of-mouth insurance referrals

It could be a good idea to ask around among your friends when you need boat insurance. If you know people in your area who own boats, they may be able to make suggestions to you about good insurance providers who could protect your finances as a boat owner.

Online forums

You might also want to consult online forums when you’re looking for the right boat insurance solution. With online forums, you could look up information that boat owners just like you are looking for to meet their insurance needs and protect their investment in their watercraft. 

Marinas in your area

In many cases, marinas provide suggestions and resources to boat owners who are looking for boat insurance. If you plan to keep your boat at a local marina, you should consult this marina for information on boat insurance providers in the area who could meet your needs. 

Boat dealers

When you purchase a boat, you might want to ask the boat dealer you purchase from about what boat insurance option is best for your needs. Boat dealers can often provide boat owners with invaluable information on the area’s best boat insurance providers for the watercraft they sell. 

You can call us today at Luft Insurance Agency for a quote on a boat insurance policy in Escanaba, MI. We provide insurance solutions that can protect your finances!

Boat owners in the greater Escanaba, MI, area can rely on the team at Luft Insurance Agency. If you’re ready to upgrade your current boat policy or are considering buying a boat, we’re here to help with all your insurance needs. Contact our office today to learn more about the many benefits that a comprehensive boat policy can provide. 

Benefits of a Comprehensive Boat Insurance Policy

The main benefit that comes with upgrading to a comprehensive boat policy is the additional protection that it provides. Some policies also have added features like coverage for at-sea towing and other helpful options. The other major advantage is more robust liability coverage. This protection will come into play when your boat is involved in an accident that causes injury or damage.

Many boat owners also need protection when transporting their vessels from storage to water. Boats stored at marinas or dry docks also need this type of protection. It makes a lot of sense to sit down with one of our knowledgeable agents to learn more about the different types of boat insurance policies available and their benefits.

With some research, you can make an informed decision and determine if upgrading to a comprehensive boat policy makes sense.

We’re Here to Help!

Luft Insurance Agency is proud to provide residents in Escanaba, MI, and the surrounding area with all their insurance needs. When you have questions about your current insurance coverage or want to make changes to a policy, you can count on us. Give us a call or stop by today to learn more about our services.

We look forward to seeing you soon!

As they get older, your parents will likely start to develop some serious health problems. Obtaining a health insurance plan for them is very important. It’s also vital to find a quality plan that fits their needs. Our insurance professionals at Luft Insurance Agency serving Escanaba, MI could provide you with various options in searching for that quality health care plan.

Find out which Health Plans They Qualify for

Your parents could qualify for certain health insurance plans depending on their age. For example, when they reach the age of 65, they may qualify for Medicare, Medicare Advantage, and Medicare Supplement (Medigap). They would need to be permanent US residents or citizens for five years to qualify for Medicare. In addition to this, they will have to pay ten years of Social Security taxes.

How Much Will They Have to Pay for Out-of-Pocket Expenses?

When searching for a health plan that meets their needs, you must consider out-of-pocket expenses. These expenses include their monthly premium, deductible, co-insurance, and co-payments. One plan may have a low premium but a high deductible, while the other plan may have a higher monthly premium but a lower deductible. Examining which is right for your family’s budget is important.

Which Health Plans Cover My Parent’s Provider?

Another important consideration is which health plan covers your parent’s provider. If your parents have a regular physician they normally go to; you need to find out which plan has them in-network. Otherwise, they’ll have to pay more if their doctor is out-of-network. PPO plans may allow them to continue to see their regular doctors.

Find out about your Health Care Options

Your parents are getting older, and it’s vital that you find a healthcare plan that meets their specific needs. Contact our office at Luft Insurance Agency in Escabana, MI to schedule an appointment today.

If you’re a brand-new Medicare recipient, you’ve likely received materials about signing up for the various supplements. These supplements can be confusing if you’re unfamiliar with them, which could result in you missing out on the benefits you’re entitled to. Here is a brief overview of the full list of Medicare supplements to ensure you’re making the most of what’s available to you. 

What Medicare Covers

Original Medicare consists of Part A and Part B. Part A covers hospital inpatient treatment, skilled nursing center care, nursing care, and hospice care. Part B covers medically necessary care like ambulance services, necessary equipment, inpatient mental health treatment, and a minimal number of prescriptions. Medicare Parts A and B don’t cover routine physicals, most dental care, hearing aids, and more. This leaves Medicare recipients with out-of-pocket costs, especially regarding prescription medications. Purchasing a supplement can reduce these costs. 

Supplemental Coverage Plans

These supplements can be purchased to pick up the costs that Medicare Parts A and B don’t cover. Here are the various supplements and what they cover:

• Medicare Advantage (Medicare Part C) – This supplement covers doctor’s visits, labs, and a host of other services
• Medicare Part D (PDP) – This is supplemental insurance that covers only prescriptions
• Medigap (Supplemental Insurance) – This is a Medicare supplement provided by private insurance companies. Ten Medigap plans are available: Medicare A, B, C, D, F, G, K, L, M, and N.

Understanding Medicare and its various supplements can sometimes be confusing, especially in the beginning. If you want more information about PDP and other Medicare supplements and want to sign up, Luft Insurance Agency can assist you. We serve the Escanaba, MI area and have provided optimal service to our customers for 22 years. We are a full-service insurance agency so we can meet all your needs. Call us today so we can answer any questions and provide you with a quote. 

Many people living in the Escanaba, MI area will find owning an RV is a fun time. When you own an RV, you will enjoy all of the amenities that accompany it, including having a safe mode of transportation for long road trips and a place to sleep at night. Along with your RV purchase, you also need to select an RV insurance plan. There are various types of insurance coverage included in a standard policy.

Coverage for Vehicle and Assets

An RV insurance plan will offer coverage for the vehicle and the contents stored within it. An RV is a valuable asset that can cost a lot to purchase. There are also many fixtures that you need to purchase to furnish them as well. When you have an RV insurance plan, it will give coverage so you can replace or repair these assets if you incur a covered loss. 

Liability Mitigation

An RV owner will always take on unique liability risks that ultimately are a combination of risks faced by a property owner and an auto driver. As these risks can be unpredictable, ensuring you are covered is very important. If you do get an RV insurance plan, it will provide all of the support needed to mitigate these risks and ensure you are covered. 

RV insurance has continued to be an excellent way for someone to protect their prized asset in the Escanaba, MI area. When looking for coverage, it can be a great idea to call our team at the Luft Insurance Agency. When you speak with us at the Luft Insurance Agency, you can receive the support you need to evaluate your options and build a policy that will provide the ideal support and coverage. 

If you own a boat, you have a distinct responsibility for the safety of your passengers. At Luft Insurance Agency, we want to help boat owners in Escanaba, MI, and the surrounding areas, make the most of boat ownership. Keep reading to learn ways to keep your boat passengers safe. 

Provide Life Jackets

This is one of the most basic ways you can protect your passengers. Always provide life jackets in the appropriate sizes for all passengers. You might think this is unnecessary if all your passengers are strong swimmers, but life jackets can also be useful if a strong swimmer falls overboard and can’t swim for whatever reason. Perhaps they are intoxicated or unconscious. You can even use a life jacket to help rescue someone who has fallen in. 

Keep A Well Stocked First Aid Kit

Along with life jackets, you will also want to always keep a well-stocked first aid kit on board. You have the responsibility to help passengers who are injured or ill. If you fail to provide basic first aid supplies on your boat, and someone gets injured, you might be liable for their injuries. 

Take First Aid Classes 

Along with providing first aid supplies, it is also smart to take first aid classes. Specifically, boating first aid if you can find those classes, but any first aid education will help make you a better and safer boat owner. When you have taken all of the necessary steps to keep passengers safe, the chances of being held liable for injuries decrease. 

If you want to learn about boat insurance, please get in touch with us at The Luft Insurance Agency, which serves Escanaba, MI, and the surrounding areas. We will be happy to help you today. 

Although Medicare is an essential part of the social services offered in the US, most people find that Medicare alone is insufficient to care for all of their healthcare needs as they age. Medicare supplement policies are a great way to ensure you are fully covered for your medical needs. The folks at Luft Insurance Agency, serving Escanaba, MI, and the surrounding areas, are here to help you learn more. 

What Are Medicare Supplements?

Medicare supplements are a type of insurance policy you can purchase to cover medical expenses not usually paid for by traditional Medicare. There are several different types of medical expenses that Medicare does not pay for. If you depend on Medicare to pay for all your medical expenses as you age, you might discover that you are coming up short. 

A Medicare supplement will fill in gaps so you are always adequately covered. 

What Types of Services Will Supplemental Insurance Pay For?

In general, supplemental or Medigap insurance will help pay for many out-of-pocket expenses once Medicare has paid its part. It would be best if you kept in mind that most Medigap policies will help pay for the costs that are left unpaid. The policies often do not pay for non-covered services. 

What About Services That Medicare doesn’t cover?

If you are concerned about services not covered by Medicare, then you should talk with an insurance representative. These professionals can advise you on how to get the coverage you need. 

If you want to learn more about Medicare supplements, please get in touch with us at Luft Insurance Agency, which serves Escanaba, MI, and the surrounding areas. We will be happy to answer your questions.