January 2023

Legacy Lately

In seed time learn, in harvest teach, in winter enjoy. — William Blake

A Note from Tim

Another year has come and gone – and what a year it has been! Whether you have been a customer for years, or you're new to us this year, I would like to personally thank you for choosing Legacy, and our amazing team, to take care of you and yours.

It's always been important to us to do things just a little different and stand out from those 1-800 numbers you see on TV all the time. We never want our clients to feel pressured to buy, try to be as transparent as possible when it comes to costs and coverage and we strive to deliver an exceptional customer experience. We want you to be here for the long haul.

As a small, locally owned business, word of mouth has been invaluable. I am honored by the trust you put in myself and our staff and we look forward to another year with you. We appreciate you and I hope you know that!

The Moment We've All Been Waiting For...

From October 15th through December 7th we partnered with clients, friends, family and community members to gather non-perishable food donations for Waconia Food Shelf.

We are so lucky to have an incredible number of donations - just over 216lbs of food was collected. We're happy to announce that (no shocker here) Tim was the winner of the pie to the face! With over 60 donations made in his name he blew both Sue and Bre out of the water... and they're thankful to not have to be on the receiving end of a pie - even if it is French Silk!

What do you call it when a snowman throws a temper tantrum?

(Scroll to the Bottom for the Answer!)

Individual, Family & Group Updates

One of the primary concerns we hear from people shopping for Individual coverage is the cost of the plan. The policies available are typically high-deductible plans, may not provide coverage out of state and they're costly! We're seeing a number of small business owners start to turn to Group Insurance coverage as a way to cover their family and employees in a more advantageous way. Not only does offering a health plan potentially offer some tax breaks, it provides you an extra edge in recruitment and a bump in retention.

"According to our 2022 Employee Benefits Survey Report, 87% of employees surveyed value health insurance benefits, and 92% of employers offer a health benefit. If you don't offer a healthcare benefit, you could miss out on short and long-term employees who desire this benefit in the workplace." CLICK HERE to learn more. In addition offering health insurance coverage many businesses offer vision, dental and accident life coverage at NO COST to the business. Since these are ala carte options, employees are able to opt in or out based upon their own personal need.

If you'd like to talk about Group Insurance give us a call at 952-922-5677 or reach out to info@LBCOnline.biz for more info!

Medicare Moment

We're seeing great things across the board in 2023. Many of our carriers are expanding their networks, increasing coverage and some have even decreased premiums!

We've also seen some changes on the Medicare Part B side. The standard monthly premium for Medicare Part B enrollees will be $164.90 for 2023, a decrease of $5.20 from $170.10 in 2022. The annual deductible for all Medicare Part B beneficiaries is $226 in 2023, a decrease of $7 from the annual deductible of $233 in 2022.

Sometimes it helps to get a refresher on how Medicare works. Watch the video below (make sure your sound is up!) for a quick recap or give us a call at 952-922-5677!

Upcoming Seminars

Medicare Sessions

We've planned out the first quarter's Medicare seminars and we're excited to get a great jump start on 2023! Join us for a complimentary Medicare seminar where we will discuss when to opt in for Medicare, what options are available and how coverage works. These are great info sessions to attend whether you're a few years out from turning 65 or you just need a quick refresher!

Not able to attend a seminar but interested in booking one of your own? Tim The Medicare Man is available for private info sessions for your business, church, group or organization. Reach out to us at info@LBCOnline.biz for more information.

Find a Seminar Near You!

Q: I was at coffee with my girlfriends and they mentioned that they all have supplements and an advantage plan was NOT what I should have signed up for. Can you tell me why? - D. in Mayer

A: Hi D! This is a question I get ALL the time. First of all, there is no perfect policy out there that fits the needs of every single person. When we help you choose your healthcare plan there are many things we take into consideration. Things like budget, risk level, how much you're utilizing your current insurance, how much we THINK you'll utilize the insurance in the upcoming year, prescriptions, travel, pharmacy, network, doctors, health needs and so much more!

Supplements tend to be a good fit for a few types of people: those that like to "set it and forget it" and don't want to pay co-pays or incidentals down the road. Those that like to ensure their health coverage covers everything and they can go anywhere for their doctoring. Supplements are a great fit for people that utilize their health coverage multiple times per month and have high health needs. That being said, supplements don't include some coverages like vision, dental and prescription coverage. You will need to enroll in additional plans for coverage.

Advantage plans are a great fit for many people. They tend to be incredibly affordable and offer a comprehensive package of coverage which typically includes vision, dental, prescription coverage and other special bonuses. Advantage plans are best for people who are comfortable with paying a small amount out of pocket here or there (such as a $10-25 cost for seeing a specialist). A downside to an Advantage plan is you may be limited in where you can go for care. Your plan may not include Mayo or could potentially have a few more hoops to jump through. That being said, we're finding the market is moving towards Advantage plans as folks in Minnesota become more familiar with their structure.

The Latest at Legacy

Who is The Medicare Man?

A sport fanatic, a work enthusiast and a family oriented demand based on a faith foundation - the perfect way to describe Tim the Medicare Man.

From the football field to volleyball court, the golfing greens or basketball court, the hockey rink or baseball field, you can find Tim watching.

He grew up an athlete himself, and now spends a majority of his time(when not at work ;)) watching his kids and nephews in their sporting events.

A husband and father, Tim is committed to being a family man. Raising 3 boys and 1 girl, he’s always been kept on his toes and constantly on the go. Whether he’s close to home or traveling to nearby states to watch them in their collegiate games, you can find him in attendance.

A weekend consisting of sports, specifically football (go Vikings!) and family, you can find Tim there. Doesn’t sound much better than the ideal weekend for him. He wouldn’t change it to have it any other way.

Not only does he value is family, he also values you. Tim looks forward to helping and being of benefit to everyone he encounters - especially you! Thank you for being apart of what he does and have a safe and joy filled Christmas! What do you want your readers to know?