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Even if you intend to concentrate on property/casualty insurance, obtaining certified for life/health insurance coverage means you can share payments if you refer organization to a life/health insurance coverage agent. What about the expense for the needed training courses to study for your licenses? They're not costly (Home Insurance Agent in Jefferson GA). There are other startup expenses such as creating an attractive website and also acquiring computers and other technology devices.


However, several service as well as personal lines customers won't wish to consider transforming insurance coverage agents till their yearly policy revival, unless they are experiencing a solution issue. The insurance licenses you require to run an independent company differ depending upon your state. All states have various groups for these licenses as well as their very own particular needs.

 

 

 

Understand which types of licenses you'll need to operate your independent agency before you obtain also far in the preparation process. Without the proper licenses, your agency might not be able to market insurance policy to family members or service customers.


Successful insurance policy agencies have a retention price of 90% or even more. For property/casualty insurance firms, retention is a purposeful objective since the payments are reoccuring.

 

 

 

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Independent insurance coverage representatives make a standard of 10% to 12% in compensation per insurance plan they sell. To obtain plan discount rates for the customer, several independent insurance policy representatives try to "pack" auto as well as house insurance plans with the exact same insurance firm.


If you have any kind of concerns, the Big "I" is standing by to aid you.


Insurance coverage brokers carry out a variety of tasks for individuals and also organizations searching for the best insurance policy for them. When you call an insurance broker for a quote, he will certainly get some information and also evaluate your specific requirements (https://penzu.com/p/05f9c09e). An insurance broker will contrast the insurance coverage of various insurance companies to obtain you the most effective problems and also prices.


As brokers do not benefit the insurance coverage firms, their recommendations are impartial as well as for the insurance policy customer. Insurance can be a complicated principle that is not constantly very easy to understand. While we know that we require insurance coverage to shield our health, our house and automobile, as well as to make certain that our loved ones are secured, the better details commonly come to be obscured.

 

 

 

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An agent acts as an avenue to give info to insurance coverage buyers. The insurance policy purchaser then has the option to select from offered policies and also contracts from the insurance company provided via the representative. These policies and also contracts are determined with contractual arrangements that the insurance coverage representatives have with the insurers to fulfill specific guidelines.


This does not mean that the representative has access to all of the vendor's plans. As insurance representatives stand for insurance companies, they may or may not have the experience and also know-how required to encourage you concerning the very best policy for your certain situation. While independent insurance coverage representatives may have the ability to provide you a lot more selections as they deal with business that are completing for your company, they normally just sell the insurance coverage alternatives that will offer them with the greatest profits.


When looking for insurance coverage, there are numerous key things that clients take a look at, including expense, rate, simplicity, safety of personal data, as well as tranquility of mind that all essentials are covered. Collaborating with an insurance coverage broker can aid obtain you the insurance you need at the very best cost. Brokers take care of a wide variety of products and solutions and have the credentials required to advise the plans that ideal match your demands.

 

 

 

When you function with an insurance policy broker, you can relax easy knowing that you are obtaining truthful, reputable service. Brokers offer full disclosure on compensation prices and the results that these rates may have on your insurance coverage premium.

 

 

 

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This allows you to make a much more informed choice when looking for insurance policy. You have likely discovered brokerage firms when looking for insurance policy. Many buyers choose dealing with these companies as a lot of have actually developed performance history with team that supply the experiences and also resources you need to make an informed decision.


When you contact BBG regarding our business insurance solutions, we will certainly establish the very best strategy for you according to the demands of your service, the variety of personnel you have, risks that you may be facing, and comparable variables. Call our workplace today for more information about how we can shield your organization or demand an appointment online.


Regional independent insurance coverage agents are usually readily available just during office hours. Auto Insurance Agent in Jefferson GA. This makes feeling considering that independent agencies are typically tiny services that can not have someone manning the phones continuous. What that indicates navigate to this website for you, though, is that if something occurs with your insurance coverage after-hours or on the weekend, you're on your own.

 

 

 

The retail life insurance policy industry is not a simple sector to burglarize or do well in. According to the Bureau of Labor Statistics (BLS), there were 409,950 life insurance coverage representatives in the USA in 2020. With the united state population just over 332 million as of April 2020, the size of the life insurance industry gives one agent for every 1,234 people.
 

Get This Report about Paul B Insurance Medicare Agent Huntington

 

, additionally called medical insurance coverage, covers particular physicians' solutions, outpatient treatment, medical products as well as preventative services. Medicare Components An and also B combined is additionally called "Initial Medicare.", additionally called prescription medication protection, can be included to Original Medicare. Rather than purchasing Initial Medicare, some individuals select to acquire a Medicare Advantage plan, which is.


Transitioning from Covered California to Medicare is an important action. Make certain you take action and track crucial dates as well as due dates to prevent unwanted effects. As a whole, individuals who are eligible for Medicare even if they do not enroll in it aren't qualified to obtain monetary aid (costs tax obligation credit histories) to reduce the price of a Covered California health insurance plan.


Your Covered California strategy won't be immediately canceled when you come to be qualified for Medicare, even if you sign up in a Medicare plan with the same insurance provider. You have to cancel your plan on your own at least 2 week before you want your protection to finish by speaking to Covered The golden state. paul b insurance insurance agent for medicare huntington. If you are qualified for Medicare and also you maintain your Covered California plan, you might encounter serious consequences.

 

 

 

Or, there might be a hold-up in your Medicare insurance coverage begin date. If you don't sign up for Medicare Component B (clinical insurance) throughout your preliminary enrollment period, you will need to wait on the general open enrollment duration (Jan. 1 to March 31), and afterwards your protection would not begin till July of that year.

 

 

 

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There is an exemption for people qualified for premium Part A. If you must pay for Medicare Component A, you may acquire a Covered California wellness plan rather of signing up in Medicare Component A. You could additionally get approved for economic aid to lower your strategy prices, depending upon your income.

 

 

 

It is very important to meticulously analyze your options. People with a plan via Covered The golden state who have been established disabled by the Social Protection Administration will certainly be instantly registered in Medicare within two years of getting Social Safety Disability Insurance (SSDI) earnings. You can acquire health insurance coverage via Covered The golden state throughout your two-year waiting duration.


You will certainly no more receive financial help to pay for your Covered California strategy after your two-year waiting period ends. You will certainly require to cancel your health insurance with Covered California a minimum of 14 days prior to you desire your insurance coverage to end. If you were signed up in Medi-Cal rather of Covered The golden state, you can ask your regional region office if you will continue to get various other Medi-Cal programs that can lower your Medicare costs.


After that, call Covered The golden state at (800) 300-1506 (TTY: 888-889-4500) and tell us concerning your Medicare insurance coverage. You can terminate your Covered The golden state plan or review your insurance coverage choices. (A 14-day notice is called for before canceling your Covered The golden state strategy. Your Covered California plan can not be canceled for humana medicare advantage plans 2023 past months.) If you're currently enrolled in Medicare Part A, or eligible for premium-free Medicare Component A, you can't register in brand-new coverage with Covered California.

 

 

 

Paul B Insurance Medicare Insurance Program Huntington for Dummies

Depending on your revenue as well as possessions, you might be eligible for additional coverage via Medi-Cal. Unless you presently get Social Safety benefits, Medicare enrollment is not automatic, and you must proactively sign up.


The first registration duration starts three months before the month you turn 65 and also it ends 3 months after the month you transform 65. click over here You need to register for some Medicare components prior to the month you turn 65 to stay clear of a health coverage void. If you miss your initial enrollment duration, you might have to wait till the basic open-enrollment period in January to register, with insurance coverage not beginning up until July of that year.


This could likewise imply that you 'd need to pay a higher Medicare costs for the remainder of your life. The Social Security Management can tell you if you're qualified for Medicare, if you need to pay a premium for Component A (hospital insurance), and also when your coverage begins. Call the Social Safety Administration at (800) 772-1213.


You need to call Covered California at (800) 300-1506 (TTY: 888-889-4500) as quickly as you understand your Medicare qualification as well as begin date. Covered The golden state needs a 14-day notification before terminating your insurance coverage. Your Covered The golden state coverage can not be terminated for past months. To prevent a gap in protection or tax obligation charges, call Covered California as quickly as you discover out concerning your Medicare eligibility confirmation from the Social Protection Administration, yet prior to your Medicare protection beginning day.

 

 

 

Paul B Insurance Local Medicare Agent Huntington for Beginners

If you currently have a Covered California plan and end up being eligible for premium-free Medicare Part A (hospital insurance), you can keep your existing Covered California plan, yet you will certainly need to pay the Related Site full expense. You should report your Medicare eligibility to Covered California within 30 days of becoming eligible.


However, if you have to pay a premium for Component A, you may maintain your Covered The golden state plan and receive economic assistance if eligible, as opposed to Medicare Part A however not both. Their qualification should go via the decision process once more, which may change the quantity of financial help they can receive.

 

 

 

Medicare additionally supplies Medigap, which is exclusive supplementary insurance policy that aids pay for some medical care prices like copayments, coinsurance, as well as deductibles. You ought to apply for Medigap within 6 months of registering in Medicare Part B (medical insurance policy).
 

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citizen; as well as Be either an U.S. resident, OR Be an alien who has been lawfully confessed for long-term residence as well as has actually been residing in the United States for 5 constant years prior to the month of submitting an application for Medicare.: Individuals who were ended from Part A 36 months after getting a kidney transplant may be qualified for the Part B Immunosuppressive Drug advantage.


Individuals eligible for premium-free Part A, who are not automatically enrolled, can enlist in Part An any time after they are first eligible for the protection. People that desire premium Part A, Part B or both might just sign up during certain enrollment periods that are described in law. The following registration durations put on both costs Part An and Component B: Preliminary Enrollment Duration; General Registration Duration; Special Enrollment Period for The IEP is a 7-month duration that begins 3 months prior to the month a person turns 65, their birthday celebration month and ends 3 months after the person transforms 65.


For these people, the IEP begins 3 months prior to the 25thmonth of special needs benefit entitlement, includes the 25thmonth, and also finishes 3 months after. Impaired individuals are instantly signed up in Medicare Component An and also Component B after they have actually gotten disability benefits from Social Security for 24 months.

 

 

 

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The Component B charge is evaluated for as lengthy as the person has Part B. The GEP is a 3-month period that takes place from January 1 via March 31 of every year. Part B and premium Part A coverage will start the month after an individual enrolls throughout the GEP.

 

 

 

A Special Enrollment Duration is just available for a restricted time. If the individual does not register throughout their Unique Registration Period, they'll have to wait for the next General Enrollment Duration and they might need to pay a monthly late enrollment fine. Insurance coverage will begin the month after a person enrolls during their SEP.


The individual can register at any kind of time while covered under the team health and wellness plan based on current work, or during the 8-month period that begins the month the work finishes or the team health and wellness plan protection finishes, whichever comes. Individuals with ESRD are not qualified to register utilizing this SEP.

 

 

 

Our Paul B Insurance Medicare Supplement Agent Huntington Diaries

The SEP is a 6-month period that begins the earlier of the first day of the month complying with the month for which the: person was no more navigate to this site functioning as a volunteer beyond the United States; organization no more has tax-exempt status; or specific no more has medical insurance that gives protection beyond the United States.

 

 

 

Eligible people are those who are: Under age 65, as well as Eligible for TRICARE Requirement at the time of Part An entitlement and: An armed forces retiree or military retired person relative, or On active responsibility or a relative of an active obligation service participant with Medicare based on ESRD. If informed of Medicare privilege during the IEP -The month after completion of the IEP, or If alerted of Medicare privilege after the IEP -The month of notice of Medicare privilege.

 

 

 

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The month of Component A privilege, or The month of registration, or The month after completion of the IEP. Individuals who do not register partially B or premium Component A when initially qualified because of having an emergency or calamity stated by a federal, state, or city government entity in their area may sign up utilizing this SEP.


The SEP finishes six months after the later of: Completion date determined in the calamity or emergency situation declaration, or The end date of any kind of extensions or the day when the statement has actually been established to have finished or has been revoked, or The date of the declaration, if such date wants the end of the catastrophe - paul b insurance Medicare Advantage Agent huntington.

 

 

 

People that do not enroll partially B or costs Component A when initially eligible as a result of misstatement or dependence on wrong details given by their company or group health insurance plan (GHP), representatives or brokers of health and wellness strategies, or anyone accredited to act on behalf of such entity may register utilizing this SEP.

 

 

 

Paul B Insurance Medicare Advantage Agent Huntington Fundamentals Explained

A company, GHP, agent or broker of a health and wellness plan, or their depictive materially misrepresented information or given inaccurate information connecting to enrollment visit their website in part B or premium Part A. This SEP starts the day an individual alerts the Social Security Administration and also finishes 6 months later. Medicare advantages will certainly work the very first day of the month adhering to enrollment.

 

 

 

If an individual is qualified since they are not enlisted in Medicare because of being jailed, they can register anytime within the initial 12 months after their release from imprisonment. This SEP starts navigate to this website the day a person is released from the wardship of chastening authorities as well as finishes the last day of the 12th month after that release - paul b insurance Medicare Supplement Agent huntington.

 

 

 

Paul B Insurance Local Medicare Agent Huntington Things To Know Before You Get This

If people select this retroactive choice, they will be liable for paying Medicare premiums back to the day of insurance coverage. Medicare advantages will certainly be efficient the initial day of the month complying with registration, or as much as 6 months retroactive, if the recipient, chooses retroactive insurance coverage. A person might be qualified if they have actually lost Medicaid completely, missed a Medicare enrollment period and their Medicaid insurance coverage was ended on or after January 1, 2023.


Medicare advantages begin the month after Medicare enrollment unless the individual elects a start day back to the very first day of the month the individual lost Medicaid and also concurs to pay all previous costs. Individuals that do not have Part An as well as desire to sign up must complete the CMS-18-F-5 type or get in touch with Social Safety at 1-800-772-1213. This type can be utilized to enroll in Component B at the exact same time.
 

What Is Medigap Things To Know Before You Get This

If you are covered by a health insurance plan provided through PEBA as well as you become Medicare-eligible for any kind of reason, not simply age, you will be able to transform to the Medicare Supplemental Plan within 31 days of qualification. After this 31-day duration, you can change from the Criterion Strategy to the Medicare Supplemental Plan throughout the yearly October open registration duration.


Medicare Select is a sort of Medigap plan that calls for insureds to utilize details healthcare facilities and also sometimes details doctors (other than in an emergency situation) in order to be eligible for complete advantages. Besides the restriction on health centers and service providers, Medicare Select plans have to meet all the demands that relate to a Medigap plan.


When you use the Medicare Select network healthcare facilities and also service providers, Medicare pays its share of accepted costs and the insurance provider is liable for all supplemental benefits in the Medicare Select policy. As a whole, Medicare Select plans are not called for to pay any kind of benefits if you do not use a network company for non-emergency solutions.

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Not known Details About Medigap Benefits

What really stunned them was the realization that Medicare would not cover all their wellness treatment costs in retirement, consisting of those when taking a trip abroad. "We take a trip a lot as well as desire the protection of knowing we can get medical treatment far from residence," claims Jeff, who with Alison is eagerly anticipating visiting her household in England.

"Talk to your doctor concerning aging and also take an appearance at your household history," says Feinschreiber. Since there is no "joint" or "family members" insurance coverage under Medicare, it might be much more cost effective for you and also your partner to choose different insurance coverage choices from separate insurance firms.


The Ottos understand that their requirements may alter with time, especially as they cut traveling plans as they get older. "Although we have actually seen prices boost over the last 2 years considering that we registered in Medigap, we have the ideal degree of additional coverage for currently as well as think we're obtaining good worth at $800+ monthly for the both people consisting of dental insurance coverage," stated Alison.


For residents in pick states, register in the right Medicare strategy for you with help from Integrity Medicare Services.

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A Medigap plan can aid spend for a few of the staying costs, such as co-pays, co-insurance, and deductibles. Medigap policies are standard, and also there are commonly around 8 different plans where a brand-new Medicare enrollee can select (denoted by letter of the alphabet), all with varying advantages as well as expenses.


But we can give you a basic concept. As well as, regrettably for your kid, maybe a pretty substantial decline depending upon how late he was with the settlements. According to the web site Credit Fate, somebody with a credit history comparable to your child's will certainly see anywhere from a 25 to 85-point decrease if a credit history card payment is greater than one month late.


The only means to claw his way back to around 690 is to begin paying promptly (as well as, ideally, in complete), as well as i thought about this just using regarding 10 to 30 % of his available credit monthly (medigap). And also he needs to be individual: Credit report recovery time from missed settlements usually takes around 18 months.


Medicare Supplement Plan N minimizes just how much Original Medicare enrollees need to pay of pocket for health treatment. As an example, Plan N pays 100% of the coinsurance for a hospital stay (Medicare Component A) and medical treatment (Medicare Component B). Strategy N, among 10 Medicare Supplement or Medigap policies, offers better insurance coverage than a lot of the other supplementary plans on the market.

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To name a few benefits, Plan N covers the coinsurance expenses for Medicare Part A, Medicare Component B, hospice care as well as competent nursing centers. This read the full info here indicates that as opposed to an enrollee being billed 20% of the bill, as would certainly occur with Initial Medicare, the supplemental strategy would certainly pay that 20% of the expense.

It is essential to keep in mind, however, that policies marketed by insurance provider are standard across the country, indicating a Strategy N plan offered by Aetna covers the very same core advantages as a Plan N plan sold by Cigna or a different service provider. Medicare Parts An as well as B pay their this share of clinical expenditures, usually 80% of expenses.


Its copays do not count toward satisfying the Component B insurance deductible. The majority of Plan N policies do not bring a separate insurance deductible in addition to the Component B insurance deductible. Strategy N also does not cover Medicare Part B excess charges the amount suppliers can bill over and also over Medicare costs if they do decline Medicare-approved rates.


We recommend Plan N if you want lower monthly costs and agree to have some costs for treatment like physician visits. Nonetheless, Strategy G is a much better choice if you agree to pay even more monthly for a strategy that supplies the most extensive protection for new enrollees.

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With Strategy N, low-end customers of health services might appear in advance. Premium users of health and wellness care solutions will certainly have a different experience. Let's state, as an example, that a Plan N costs $150 in month-to-month costs while a Strategy G prices $200 a month, resulting in $50 per month in cost savings for Plan N.

 

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With a Medicare Advantage strategy, you'll be limited to health care service providers within the strategy's network. Do most Medicare Advantage prepares offer prescription drug protection?


Typically, you must utilize the healthcare companies within your Medicare Benefit plan's network. Some strategies enable you to utilize out-of-network service providers in emergency situations only; other plans permit you to use out-of-network suppliers when you want, however at a greater out-of-pocket cost.


The only way to understand if you are getting the very best deal on your Medicare Supplement insurance coverage is to see all rates from all insurance providers. That's what we'll send you when you fill out the type listed below. We won't spam you, call you, or offer your details. That's a guarantee!.


 

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Medicare is our nation's medical insurance program for people age 65 or older. Certain people more youthful than age 65 can get approved for Medicare too, including those with specials needs and those who have permanent kidney failure. The program aids with the cost of healthcare, however it does not cover all medical expenditures or the cost of most long-lasting care.


If you choose not to sign up for Medicare Part B however then decide to do so later on, your coverage might be delayed. You might have to pay a higher regular monthly premium for as long as you have Part B. Your month-to-month premium will increase 10% for each 12-month duration you were qualified for Part B however didn't register for it.


If so, you might wish to ask your workers workplace or insurance company how signing up for Medicare will affect you. You may have medical insurance coverage under a group health plan based on your or your partner's existing work. In this case you may not require to get Medicare Part B at age 65.

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The 8-month duration that begins with the month after your group health plan protection or the employment it is based on ends, whichever comes. To assist protect your identity, your Medicare card has a Medicare number that's special to you. If you did not receive your red, white, and blue Medicare card, there might be something that requires to be corrected, like your mailing address.


Discover more about your Medicare card. If you have Medicare, you can get information and services online. Learn how to manage your advantages. If you are enrolled in Medicare Part A and you wish to register for Part B, please total form CMS-40B, Application for Registration in Medicare Part B (medical insurance).

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If possible, your company ought to complete Section B. If your employer is unable to complete Section B, please complete that portion as best as you can on their behalf and submit 1 of the following types of secondary evidence: Income tax return that shows health insurance premiums paid. W-2s reflecting pre-tax medical contributions.


Make sure that you understand the fringe benefits and any benefits (or freedoms) that you might lose. You might desire to consider: If you can alter your present physicians If your medications are covered under the plan's formulary (if prescription drug coverage is offered) The monthly premium The cost of protection.


What extra services are used (i. e. preventive care, vision, oral, health club membership) Any treatments you require that aren't covered by the strategy If you wish to register in a Medicare Advantage plan, you need to: Be eligible for Medicare Be enrolled in both Medicare Part A and Medicare Part B (you can check this by referring to your red, white, and blue Medicare card) Live within the strategy's service location (which is based on the county you live innot your state of residence) Not have end-stage kidney illness (ESRD).

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"When individuals first go on Medicare, they're generally reasonably healthy and not thinking always about when they're sick and what kind of plan would be best for them because circumstance. The failure to quickly change backward and forward between Medicare Benefit and Medicare Supplement makes it quite complicated for individuals," she says.

While Medicare Benefit can their explanation be a less expensive alternative to getting Strategies A, B and D separately, it also features geographical and network constraints and, in some cases, surprise out-of-pocket expenses. By finding out more about the pros and cons of Medicare Advantage, you can discover the finest Medicare Advantage provider for your needs.


These can consist of just working with the business's network of providers or needing to supply a doctor's referral prior to seeing a professional. Depending on which company you deal with, you might be faced with a minimal selection of companies and a little overall network. If you need to receive care outside this network, your costs might not be covered.

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Be sure that you understand the additional benefits and any benefits (or flexibilities) that you may lose. You may wish to consider: If you can change your current physicians If look here your medications are covered under the plan's formulary (if prescription drug coverage is provided) The monthly premium The cost of protection.




What additional services are offered (i. e (Paul B Insurance). preventive care, vision, dental, gym subscription) Any treatments you need that aren't covered by the strategy If you wish to register in a Medicare Advantage plan, you need to: Be eligible for Medicare check over here Be registered in both Medicare Part A and Medicare Part B (you can check this by describing your red, white, and blue Medicare card) Live within the strategy's service area (which is based on the county you live innot your state of residence) Not have end-stage kidney illness (ESRD).


"When people initially go on Medicare, they're normally fairly healthy and not thinking always about when they're ill and what type of strategy would be best for them in that scenario. The failure to easily change back and forth between Medicare Benefit and Medicare Supplement makes it pretty made complex for people," she says.

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While Medicare Advantage can be a cheaper option to getting Strategies A, B and D individually, it also features geographical and network constraints and, often, surprise out-of-pocket costs. By learning more about the pros and cons of Medicare Benefit, you can find the best Medicare Benefit company for your needs.

These can consist of only working with the business's network of service providers or needing to offer a doctor's recommendation prior to seeing a specialist. Depending upon which company you deal with, you may be confronted with a limited choice of service providers and a little general network. If you require to receive care outside this network, your expenses may not be covered.