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Medicare is a crucial part of the American healthcare system, providing essential coverage to millions of seniors across the nation. Understanding Medicare is vital for seniors as it ensures they receive the medical care they need while managing costs effectively. In this blog post, we'll break down the basics of Medicare, including eligibility, enrollment options, and key information that every senior should know.

What is Medicare?

Medicare is a federal health insurance program primarily designed for individuals aged 65 and older. It also provides coverage for certain younger individuals with disabilities. The program helps cover various healthcare services, making it an essential safety net for seniors during their retirement years.

Medicare Parts: A Brief Overview

Medicare consists of several parts, each serving a specific purpose:

Eligibility for Medicare

To be eligible for Medicare, you must meet one of the following criteria:

Enrollment Options for Seniors

Understanding when and how to enroll in Medicare is essential to ensure you have the coverage you need when you need it. Here are some key enrollment periods to be aware of:

Medicare Myths to Debunk

Misconceptions about Medicare can lead to confusion. Let's debunk a couple of common myths:

The Importance of Medigap

Medigap, also known as Medicare Supplement Insurance, is a type of private insurance designed to cover the out-of-pocket costs that Medicare doesn't. It can help you manage deductibles, copayments, and coinsurance, ensuring that your healthcare costs are more predictable and manageable.


Medicare is an invaluable resource for seniors, offering access to necessary healthcare services during their retirement years. Understanding the basics of Medicare, including eligibility, enrollment options, and the role of supplemental insurance like Medigap, is essential for making informed decisions about your healthcare coverage.

If you have questions or need personalized guidance on Medicare, don't hesitate to reach out to a licensed insurance professional. They can help you navigate the complexities of Medicare and ensure you choose the right plan for your unique needs and preferences. By understanding the fundamentals of Medicare, you can enjoy your retirement years with confidence in your healthcare coverage.

Open enrollment is a crucial period in the world of health insurance, offering individuals the opportunity to reassess and adjust their healthcare coverage. It's an annual window during which you can make important decisions that impact your health, finances, and overall well-being. In this blog post, we'll explain the significance of open enrollment for health insurance and provide tips on how to maximize the benefits of this period.

What Is Open Enrollment?

Open enrollment is a specific timeframe each year when you can enroll in or make changes to your health insurance plan. This period typically occurs toward the end of the calendar year, and the exact dates may vary depending on your specific plan or the healthcare marketplace you use. In Nevada, Open Enrollment is November 1-January 15, 2024.

During open enrollment, you can do the following:

Why Is Open Enrollment Important?

Open enrollment plays a pivotal role in ensuring that you have the right health insurance coverage for your needs. Here's why it's so important:

Tips for Making the Most of Open Enrollment

Now that you understand the significance of open enrollment, here are some tips to help you navigate this period effectively:

In conclusion, open enrollment is a crucial period for reviewing, adjusting, and optimizing your health insurance coverage. By marking the dates, reviewing your current plan, assessing your health needs, shopping around, and seeking professional assistance, you can make the most of this opportunity to secure the right coverage for you and your family. Open enrollment is your chance to take control of your healthcare and ensure you have the protection you need for the year ahead.

In an ever-changing world filled with uncertainties, the thought of leaving our loved ones unprotected is a concern that plagues many. The essence of love often lies in the peace of mind that comes from knowing that our family will remain financially secure, even in our absence. This is where life insurance steps in as a silent guardian, and Nevada Silver is here to guide you through this journey toward achieving financial security.

Our Range of Term Life Insurance Options

Nevada Silver understands that life is filled with diverse needs, and as such, we offer a range of term life insurance options to cater to your specific requirements. We provide 10, 15, 20, 25, and 30-year term life insurance policies. Term life insurance doesn't build any cash value and only provides a benefit upon death. It's essential to note that the beneficiary should have an insurable interest in the insured individual's policy.

Additional Benefits for Peace of Mind

In addition to the core term life insurance coverage, Nevada Silver offers multiple-year policies that provide additional benefits to the policy owner. These benefits include:

The Power of a 10-Year Term Life Insurance

Unveiling our 10-year term life insurance, this policy is straightforward yet profoundly significant. It provides coverage for a term of 10 years. During this period, if the unthinkable happens, the policyholder's beneficiaries receive a tax-free cash payment, ensuring their financial stability. The appeal of a 10-year term lies in its simplicity and the immediate protection it offers, acting as a financial cushion during life's unforeseeable storms.

Why Opt for a 10-Year Term?

Among the array of life insurance options, the 10-year term stands out for its budget-friendly nature and the financial ease it provides, especially for those at certain life stages. It's an ideal choice for single individuals, young families starting their journey, or even those nearing retirement who wish to secure a financial safety net without a long-term commitment. Compared to other term lengths or cash value life insurance in Reno, the 10-year term is straightforward, affordable, and devoid of complexities, making it a sensible choice for many.

The Nevada Silver Edge

Nevada Silver isn’t just another insurance provider; it's a community of seasoned experts dedicated to guiding you towards the right insurance solutions. With over 35 years of combined experience in the insurance industry, the Nevada Silver team prides itself on delivering personalized service and a variety of insurance options to meet the diverse needs of Nevada and California residents. Their commitment to offering competitive insurance coverage coupled with exemplary customer service sets them apart in the market. At Nevada Silver, obtaining a quote is a hassle-free experience, with no cost attached, reflecting their client-centric approach.

Real-Life Scenarios

Imagine a young couple in Reno, just stepping into the realm of parenthood. The thought of the financial burden that may befall their child in their absence is daunting. A 10-year term life insurance from Nevada Silver provides them with the assurance that their child would have a financial foundation to rely upon should the worst happen. Similarly, for a small business owner, the sudden demise of a key partner could spell financial disaster. A 10-year term life insurance could provide the necessary funds to keep the business afloat during turbulent times.

Planning for the unpredictable is a hallmark of prudence. A 10-year term life insurance in Reno from Nevada Silver serves as a financial safety net, offering a buffer against life's harsh realities. The journey towards securing a peaceful future for our loved ones begins with a simple step - reaching out to Nevada Silver for a personalized consultation. The peace of mind that comes with knowing that your loved ones will be financially secure is priceless. Embrace the assurance that Nevada Silver’s 10-year term life insurance offers, and take a step towards safeguarding a serene future for your loved ones.

For more information and a custom quote, call us at (775) 829-1221. We’ll develop a plan just for you!

May Is Disability Insurance Awareness Month: Learn About Your Insurance Options

May is Disability Insurance Awareness Month and to promote the importance of disability insurance, we’re arming everyone we can with valuable information to prepare them for setting up their own policy. While you may be thinking that your home or retirement plan is your biggest asset, you’d be mistaken. Actually, your lifetime earning potential is your greatest asset as it ensures continuous income.


Disability insurance protects your income, the asset on which you rely to live. It also provides much-needed reassurance and peace of mind that you won’t lose that income in the event that you become ill or disabled. The Nevada Silver Life & Health insurance Agents at NV Silver are here to help you understand your insurance options to choose the right plan. Learn more with us below! 

Choosing Disability Health Insurance in Nevada

To determine a disability insurance policy that’s right for you, we recommend following the 3-Step Approach:


  1. Understand the Two Disability Insurance Plans to Choose From - Noncancelable and Guaranteed Renewable or Guaranteed Renewable disability insurance plans are available. With the Noncancelable plan, the benefits and riders of the policy cannot be changed prior to the policy’s maturity date. Premiums will also not be increased at any time. The Guaranteed Renewable plan does not maintain premium costs meaning they may be increased at any time. 
  2. Define the Disabilities Covered by the Policy - You will also need to understand what instances the policies cover and how they are defined by the policy.
  3. Add Riders to the Policy - Lastly, you’ll add riders to the policy to enhance and customize your coverage. 


With this 3-Step approach and the help of our agency in Reno, you won’t have to worry about your coverage or its benefits!

What’s Stopping You From Getting Disability Insurance? 

Just 14% of Americans claimed to have disability insurance in 2021, yet, 45% of Americans acknowledge that their families would struggle financially if a primary wage earner was unable to earn income due to an illness or disability. So, what are the reasons they have for not having disability coverage? The three most common reasons are that disability insurance is too expensive, families prioritize other financial obligations, and many people just don’t feel like they need it. 


Reno health insurance professionals are able to find disability insurance that is affordable and ensures the most reliable coverage in the event that you become ill or disabled. No one expects a circumstance such as these to cost them their entire income, but disability insurance provides the best backup plan to make certain that your family has consistent funds coming in.  

2022 Changes May Erase Your Medical Debt 

Equifax, Experion, and TransUnion, the 3 major national credit reporting agencies, announced significant changes regarding medical debt reporting. Effective July 1, 2022, nearly 70% of medical collection debt will be erased from consumer credit reports. This means that substantially high medical bills may no longer present themselves on credit reports among the top credit reporting agencies posing a huge benefit to consumers. 


Specifically, the changes include the following conditions:


Meet with a Reno Health Insurance Agent

If you’re interested in learning more about disability insurance or general health insurance in Nevada, you’ve come to the right place. Our health insurance experts will help you find the plan that best fits your needs. Connect with us today!

As the holiday season begins, many of us focus on the act of giving in order to bring joy to those we are most grateful for. Although we typically focus on gifting our loved ones with products and services, the best gift you can give just about anyone is practically free. 


Talking to loved ones about life insurance is one gift you can give that adds to your family’s prosperity and longevity. 


A survey from Spendmenot recently discovered 52% of Americans have life insurance. While that number may seem high, the number of Americans with life insurance has decreased in comparison to the previous years. This means approximately half the population will leave their loved ones with financial burdens if the primary wage earner unexpectedly passes.


Of course, you may ask yourself “how do I bring up such a heavy topic during the holiday season?”. 


While it may seem awkward at first, caring for your family doesn't have to be. This holiday season, be sure to speak with your immediate and extended family members about various life insurance options and give a gift that will last a lifetime. 


Here you will find three simple questions to help guide you when talking to loved ones about insurance options. 


“Do you have life insurance?”

This is the best place to start because it allows a simple introduction to a complex topic. This question is great because it can apply to any of your family members and not necessarily focuses on health insurance alone.


Many of us think insurance only begins with yearly coverage, so this question allows you to draw attention to the importance of life insurance no matter how your family answers. Furthermore, life insurance goes beyond elderly insurance. Meaning this question is important for your younger relatives since it can become a form of financial planning. This can help guide your family in a positive direction this holiday season. 


“Why is it important to start thinking about life insurance?” 

This question may help address your family members' misunderstandings of life insurance. Some of us may think life insurance only offers our loved ones benefits if we pass away, but it can also act as a safety-net in our daily lives.


Life insurance can pay bills and cover debts alongside protecting those who rely on your income. 

According to NEA members, these protections help you when mapping out future milestones such as marriage, parenting, home buying, and retirement. 


Ultimately, no matter what your age is, investing in life insurance allows you to support and reduce stress for yourself and your loved ones even after you pass. 


“Who do you trust when it comes to financial advice?”

This question should be asked to help understand what kinds of resources there are to your family members. 


They may trust a close friend, family member, financial advisor, certified insurance broker, or themselves when it comes to their finances. 


A recent study suggests many Americans are changing who they turn to for financial advice. 

Only 26% of Americans trust financial advisors which is a 4% decrease from 2020. The most common person an individual turns to is a spouse or a family member, making your role in addressing life insurance highly valuable. This answer will ensure that your family finds the right resources when it comes to signing up for the right type of insurance.


Although you provide options for your family members when talking about life insurance, it is important to acknowledge insurance as a financial protection policy. 


Going to a certified broker like Nevada Silver allows you to find the right protection whether you are single, married, or even own a business. As the only Nevada Health Link insurance broker in Northern Nevada, we focus on alleviating the guesswork when finding the best coverage for you and your family’s needs. 


“What should you do next?”

When all is said and done, your role in talking to your loved ones about their insurance options is more valuable than you know. Starting this conversation over the holidays is a step in the right direction for many individuals looking for insurance options going into 2022. The goal for you is to make sure your family and those you love are insured. 


Feel free to use these questions on all of the people you care about this holiday season. Many will be grateful for your support in their future success. If you don't feel comfortable guiding your family through the process of becoming insured, remember a certified life insurance broker is available to guide them. Brokers like Nevada Silver help others gain access to Northern Nevada insurance options by working with a variety of insurance companies. So give the timeless gift of having a conversation with your loved ones regarding the best life insurance options for their needs. 


To determine what kind of life Insurance you need, call the Nevada Silver Life Health Insurance agency and ask for Gina or John @ 775-829-1221, who can help determine what is the best for your Needs for life insurance and what will fit your budget the best!

Ensuring you or your loved ones are covered for long term care should be top of mind for anyone nearing their senior years. This November is National Long Term Care Month, a movement that was started to emphasize the importance of long-term care and how important it is for people to get involved in preparing for their future. As we age we begin to realize the need for having adequate health coverage, but often lack the information necessary to obtain it. Fortunately, working with Nevada Silver Life Insurance, the state’s only Nevada health link preferred broker, makes obtaining long-term care insurance a breeze. 


Learn more about Long Term Care Month and your insurance coverage options with Nevada Silver Life and Health Insurance by reading below. 


Long Term Care and Insurance


Long-term care is often necessary for seniors who are unable to handle daily tasks such as eating, bathing, or dressing on their own. These needs commonly go unmet due to a lack of proper long-term care coverage and accessibility, resulting in family members taking on the role of caregiver for their loved ones. However, this isn’t always possible as many adults have other responsibilities such as work that impede this possibility. 


On average, 78% of adults receiving long-term care rely solely on their family or friends for assistance. The caregiver typically spends 21 hours a week caring for their loved one and roughly 90% of these people had to permanently alter their work schedules to provide such care. 


Long-term care insurance ensures that those who require long-term care get the assistance they need while allowing their family members to continue their daily routines.  


Medicare Open Enrollment 


Medicare is ideal for individuals who are turning 65 or are over the age of 65 and are looking for health insurance that will help them maintain their current health and protect them from circumstances that are unplanned. Medicare open enrollment for seniors consists of two main parts; Part A and Part B. Seniors who take advantage of Medicare health insurance must enroll in both Parts A and B to be considered covered.  

Medicare Supplements, also called Medigap Plans, are designed to help pay for certain health care costs that are not covered by Medicare Parts A or B. Likewise, Medicare Advantage Plans offer people with Medicare additional benefits beyond the standard Medicare coverage through an approved HMO. 


Medicare Open Enrollment began on October 15th and will remain open until December 7th. If you need help enrolling in Medicare benefits, the expert insurance agents at Nevada Silver are there for you. There’s still time to get your Medicare benefits this year. If you are in need of assistance enrolling or reviewing your current plan contact us today! 


Nevada Health Link Open Enrollment 


Nevada Health Link is a resource available to all Nevadans that helps them find affordable health insurance plans that meet their unique needs and budget. Nevada Silver Life and Health Insurance Agency has many options for your family’s individual health insurance. 


You can purchase plans privately or through the Nevada State Exchange Marketplace, Nevada Health Link, which makes the process of signing up for health coverage simple. There are other benefits to purchasing health insurance through Nevada Health Link such as receiving premium tax credits and subsidies to cover the cost of your health insurance.


Nevada Health Link’s Open Enrollment will begin on November 1st and runs through January 15th. To ensure you receive health coverage by February 1, 2022, connect with Nevada Silver. As the only Nevada Healthlink Preferred Broker in Northern Nevada, we’re able to provide the most streamlined assistance possible.


Are you interested in working with certified health insurance brokers? Our agents at NV Silver Life and Health Insurance are here to help you find the best plan for you. Contact us today!

May is Disability Insurance Awareness Month and we here at Nevada Silver Insurance, along with many other agencies across Nevada, are placing an emphasis on protecting your income.


What is Disability Insurance?

According to the Nevada Department of Insurance, disability insurance is a company's ability to replace a portion of your salary for either a short or long-term period of time.

Most people can confuse disability insurance with workers' compensation. However, they are not the same.

Short-term disability insurance is able to pay the policyholder three to six months of their salary. Most common short-term disabilities include broken bones, minor injures, or various incidents.

As for long-term disability insurance, that depends on the circumstances. Some policies can begin six months after the policyholder's disability and can last for years (or until their retirement). The most common causes of long-term disability can involve heart disease, anxiety, depression, back injuries or cancer.


Hard Facts about Disability Insurance

Studies show a majority of working class Americans are not fully-aware of their company's income protection plans.

In a recent poll taken during the COVID-19 pandemic by LifeHappens, more than 60 percent of Americans say they are not aware of their company's policy when it comes to short-term or long-term injuries.

In another staggering statistic, more than 50% of America's workforce say they would have to 'dip into their savings' to cover disability expenses.


The Importance of Protecting Your Income

The COVID-19 pandemic has changed the United States' working dynamic for the foreseeable future. Life changed pretty quickly in a matter of weeks back in March of 2020. With a great percentage of Americans working from home, it's important now to be prepared if you were to miss work due to an illness, injury or any other kind of disability.

The biggest lesson here is setting your and your family up for stability. Having a stable income and securing your family's financial future should be a top priority during crises like a pandemic.

We at Nevada Silver Insurance want to make sure you're protected. The last thing on your mind should be financial stress during an injury either at work or not.

Interested in learning more about income protection and disability protection or have questions? Our agents at NV Silver Life and Health Insurance are here to help you find the best plan for you. Contact us today!



Getting ready to turn 65 and you are just starting to think about your health care Coverage After 65 and Beyond…!!!

Now is the time to start thinking about the “A”, “B”, “C” and “ D’s” of Medicare and the following are eight do’s & Don’ts that you need to be aware of and follow the advice of the author, Patricia Bary as she stated in her article  related to the Medicare Starter Kit…

What you most need to know as you start to think about for your Medicare needs for the future as you turn 65…!!!

by: Patricia Barry, from: AARP Bulletin, Updated May 7, 2012

Top Eight Do's and Don'ts of Medicare…!!!!

1. Do give yourself time to learn about Medicare: It's a system with many choices and deadlines. Being informed is the best way to avoid mistakes that cost money.

2. Don't expect to be notified when it's time to sign up: Unless you're already receiving Social Security benefits, you must apply for Medicare. But you won't get any official notice on when or how to enroll.

3. Do enroll when you're supposed to: To avoid permanent late penalties, enroll at age 65 if you're not working, don't have employer insurance or live abroad; or, beyond 65, enroll within eight months of stopping work — even if you continue to receive COBRA or retiree health benefits from an employer.

4. Don't despair if you haven't worked long enough to qualify: You may qualify for Medicare on your current or former spouse's work record. Or you may be able to buy into the program.

Have Medicare?

Medicare Open Enrollment runs from October 15 – December 7. Review your medical and prescription drug coverage options

5. Don't worry that poor health will affect your coverage: If you qualify for Medicare, you receive full benefits. You can't be denied coverage or charged higher premiums because of current or past health problems.

6. Do remember that Medicare is not free: You pay premiums for coverage and copayments for most services, unless you qualify for a low-income program or have other, extra insurance.

7. Don't assume that Medicare covers everything: It covers a wide range of health services (including expensive ones like organ transplants), prescription drugs and medical equipment. But there are gaps.

8. Don't expect Medicare to cover your dependents: Nobody can get Medicare under age 65, except those who qualify through disability. Medicare has no family coverage.

For further information and the options of Medicare’s ABCD’s, Please contact John W. Collier, LUTCF, FSS at 775-829-1221 for an appointment to discuss your needs for the future and the best plan for you… Either Call 775-829-1221 or Email or go to my “GreatWebsite” and get a competitive Quote for your medicare Supplement, Part “D” Plan or your Medicare advantage plan…..

John collier, LUTCF, FSS, CC
Fax: (775) 826-2516
NV License #2545207
Gina Espinal-aguerre
Fax: (775) 826-2516
NV License #17287151
Mary Lou Urrutia
Fax: (775) 826-2516
NV License #3590623
David Moncuse
Fax: (775) 826-2516
NV License #3589736
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