Crossroads Health Retirement Insurance Service Team
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FRIENDLY CUSTOMER SERVICE
At Ott and Holmes, LLC you are always met with a smile.
MEDICARE 101 EDUCATIONAL EVENT
Ott and Holmes, LLC is hosting Medicare Educational Events
Where: 412 US Hwy 90 East Suite 4 Bay St. Louis, MS 39520.
When: Saturday Mornings
Time: 10:00 a.m. until 12:00 noon.
Public is invited. Bring a friend and learn all about the basics of Medicare.
Refreshments will be provided.
Seating is limited RESERVE YOUR SEAT NOW for the next meeting before they are all gone.
SAFE MONEY EVENT
Ott and Holmes, LLC and O'MIRE FINANCIAL SERVICES will be hosting SAFE MONEY EVENTS twice per month.
If you are in or near retirement you will want to attend one of these events
Seating is limited RESERVE YOUR SEAT NOW for the next meeting before they are all gone.
CURRENT ANNUITY RATES
Two Year Secure Savings Elite 2.15% Guaranteed
Five Year Secure Savings Elite 2.95% Guaranteed
7, 10, 14 Year Index Annuity can earn up to 14% first year based on age
* Rates will decrease if issue age is 86 - 90
EXCITING NEWS
Ott and Holmes has acquired a new and even bigger office space.
We are looking for licensed individuals (or)individuals who want to become licensed LIFE, HEALTH and ACCIDENT agents to work selected counties and parishes through out Mississippi, Louisiana and Alabama.
MEDICARE MAZE...MADE EASY SHOP HERE
We understand that making decisions at this crossroad in your life can be quite confusing and frustrating.
We can eliminate that frustration by searching all the plans for you since we represent them all.
Option ONE
MEDICARE SUPPLEMENT
- Federally Standardized Medigap Plans offered in all states and in DC.
- There are 8 plans A-N offered in most states.
- All Policies Offer the same basic benefits..
These plans are best whenever you :
- Want to budget Medical Costs
- Travel and may need to see a doctor away from home.
- See any doctor or specialist, no referrals
- Plans help pay some of the other healthcare costs that Medicare does not pay such as; deductibles, coinsurance and/or copayments.
- You can keep it as long as you pay your premiums on time they are GUARANTEED RENEWABLE!
- In addition to the premium you must purchase an RX Part D Plan with this plan to cover your medication expenses
- Option TWO
MEDICARE ADVANTAGE
- PART C replaces A&B and can include Part D.
- They have PPO (Preferred Provider Organizations) or HMO (Home Maintenance Organizations)
- Usually one or more plans are available in a county.
- Usually has Copays
- Includes a Maximum Out of Pocket Maximum
- Some plans offer extra services such as Dental, Hearing, Vision, OTC (over the counter) Benefits and more already included in the plan.
These plans are best whenever you :
- Want to pay a lower or zero premium
- Can be used as a back up plan for VA services
- Like the network of doctors on plan
- If you are on low-income subsidy for Medicare.
- If you need coverage for Dental, Hearing or Vision
Do you know what benefits you qualify for?
LIS = Low Income Subsidy Means ~ Extra Help
QMB = Qualified Medicare Beneficiary
SLMB = Specified Low Income Medicare Beneficiary Note* Qualified Medicare Beneficiary (QMB): Pays for Medicare Parts A and B premiums. Specified Low-income Medicare Beneficiary (SLMB): Pays for Medicare Part B premium.
FBDE= Full Benefit Dual Eligible
Means ~ You Qualify for Both
RETIREE* or UNION PLANS
Must ASK questions to determine what coverage is best:
- Does the plan have any copays and deductibles ?
- Does the plan include a drug plan?
- Ask IF you opt out, can you opt back in later?
- How much does the plan cost?
- Does the plan include Dental, Vision or Hearing Coverage?
NOTE:
Retiree coverage is NOT creditable coverage IF delaying enrollment into PART B
PART D
PRESCRIPTION DRUGS
- Prices Vary by plan
- Included with some retirement plans
- Late enrollment penalties may be imposed
- VETS are NOT required to enroll, but may choose to do so.
- Premiums are based on Income
- In 2021 your coverage gap begins when you and your drug plan spends $4,130
- From $4,131 to $6,550 you pay 25% of GENERIC drugs; 25% of BRAND-NAME drugs, but 95% counts toward you OPE (out-of-pocket expense)
- Catastrophic coverage applies after $6,550
ANNUITIES
We Offer Several Types of Annuities
- Single Premium Deferred Annuities
- Flexible Premium Deferred Annuities
- Immediate Annuities
- Index Annuities
- Multi -Year Guarantee Annuities
We Do Rollovers and Transfers for the following:
- Qualified Monies - meaning TAXES have NOT been paid.
- IRA (Individual Retirement Accounts)
- 401k Plans
- 403b Plans
- Non Qualified Money- meaning TAXES has been paid .
- Certificate of Deposits
Want to Jump Start Yor Savings and Retirement?
- We can offer you up to 10% GUARANTEED upfront on your principle on day ONE from age 0-70 for the first year. Plus you will get the current interest rate too.
- We can offer you up to 5% GUARANTEED upfront on your principle on day ONE from age 0-80 for the first year. Plus you will get the current interest rate too.
- We can offer you up to 3.5% GUARANTEED upfront on your principle on day ONE from age 81-85 for the first year. Plus you will get the current interest rate too.
You Choose The Term That is Best for You.
We have the following:
- Two years
- Three years
- Five Years
- Seven Years
- Ten Years
- Fourteen Years
- Note that the 7,10, and 14 year plans have UPFRONT BONUSES
Questions?
You have questions, we have answers! Contact us with yours today.
Additional Information
Because we understand how stressful retiring can be, we offer NO CHARGE "RETIREMENT EDUCATION WORKSHOPS" for businesses who want to give their employees who will be retiring within 1 to 5 years clarity and peace of mind to insure a smooth transition from the workforce into retirement. The workshop can be held at your business location or at our office, whichever you prefer.
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Lets compare Multi- Year Annuities to Bank Certificate of Deposits
You put $10,000.00 in a MULTI-YEAR ANNUITY with an insurance company. They give you a 2.95 % five year guaranteed interest rate, this would mean that you earn $295.00 interest each year, right?
You already earned an extra $105.00 over a Certificate of Deposit at the Bank.
They may also keep a hedge on inflation by offering inflation protection but for illustration purposes we will still deduct inflation rate of 0.4% , okay?
Well if inflation is as of December 2020 was 0.4% your $10,000.00 after the cost of inflation is worth $9,960.00, right?
That means out of the $295.00 that you have earned you must deduct $40.00 from it, leaving you with net return of $255.00, right?
Annuities are tax deferred so you pay no taxes on your earnings until you decided to take them out .
So to get a a true NET return we must take the $295.00 earned and deduct a total of $40.00 from it for inflation and 0.00 for taxes, right?
This leaves you with $255.00 net or a 2.55% return for the year; which is $21.25 a month which will grow faster because you are NOT taken taxes out of it.
You actually have MORE Principle earning MORE interest and as a result you are making MORE money.
See the example of a Certificate of Deposit in the next column .
The choices is yours to make; but now you can make a more informed decision based on what you have learned here.
You can make an appointment TWO WAYS:
(1) I can come to your home or business.
(2) You can come to my office.
Multi-year Annuities vs CD at BANK continued
Bank Certificate of Deposit rates are not only low but are competing with inflation PLUS you must pay taxes on their earnings.
Have you ever stopped to consider this? Let me give you an example for illustration purposes only:
You put $10,000.00 in a "CD" ate your bank
They give you a 1.90 % interest rate, this would mean that you earn $190.00 interest each year, right?
Well if inflation is as of December 2020 was 0.4% your $10,000.00 after the cost of inflation is worth $9,960.00, right?
That means out of the $190.00 that you have earned you must deduct $40.00 from it, leaving you with net return of $150.00, right?
Then we must factor in taxes (which depend on your tax bracket) but for illustration purposes only we will use 10% okay?
That means out of the $190.00 that you have earned you must deduct $19.00 from it, leaving you with net return of $171.00, right?
So to get a a true NET return we must take the $190.00 earned and deduct a total of $59.00 from it for both inflation and taxes, right?
This leaves you with $131.00 net or 1.30% return for the year; which is $10,92 a month .
You actually have LESS Principle earning LESS money.
Contact Us
Fill out the form with any questions you have about finding the coverage that's right for you!
OTT AND HOLMES, LLC
Ott and Holmes, LLC- , 412 Highway 90 Suite #9, Bay Saint Louis, Mississippi 39520, United States
Hours
Monday - Friday: 9am - 6pm
Saturday: 10am - 2pm
Sunday: Closed
