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How to Save Money During Retirement

Money management during retirement years is drastically different than that of the rest of your life. Usually, you have less to work with, but also, your costs should be decreasing, especially as your children grow older and can fend for themselves and in some cases, even help out. Once you retire, you have decided on receiving just that amount of money, but there are a few tips and tricks that can help you stretch out. After all, you want to be out crossing items off your bucket list during retirement, not worrying about money! Here, Benistar lists a few ideas…

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How To Get The Best Health Insurance For Your Family

Health insurance is incredibly important and for the sake of you and your family, it must be considered at some point. In general, most people already have some type of insurance, which is pretty good, but far from ideal, as you want to make sure the coverage is optimum. In order to check its quality, pay attention to the offered treatments, general availability and other factors you or your family members need. Don’t forget that if something isn’t covered by insurance, you will have to pay for it out of pocket. This inadequate coverage was exactly what current Benistar President…

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Benistar’s Don Trudeau: How to be A Leader in Business

It’s much easier to do better in business as an individual than to be able to lead others well in the world of business. In order to be a successful business leader, you must have a large breadth and depth of knowledge that will lead you and your company in the many situations companies may find themselves in. Whether you are in the red or black, you need to be able to stay calm and confident and lead your team to victory. If you are interested in becoming a good business leader, or becoming even better, look no further than…

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Start Planning for Retirement Now

No matter where you are on life’s journey, it’s always a good thing to start planning ahead, especially regarding financial matters. Of course, saving money may seem dreary when the other option is to spend it on food, clothes, entertainment, vacation. But you will be able to stop working sooner and go on all those vacations you have planned in your head if you just start saving a little at a younger age. This is especially true in this day and age, because if you are just waiting for a company pension or social security check, think again. Those once…

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Retiree Drug Subsidy (RDS) vs Employer Group Waiver Plans (EGWP)

With all the recent healthcare reform intiatives, EGWP is becoming the most cost-effective way for your company to provide its retiring workforce with retiree prescription drug coverage. An EGWP, colloquially known as an “egg whip” is an option with group Medicare Part D prescription drug plans offered to retirees who were promised prescription drug coverage as part of their Other Post-Employment Benefits (OPEB). Benefit solution companies such as Benistar contract their medical insurance with the Centers for Medicaid and Medicare Services (CMS) to serve as a Medicare Part D Plan Sponsor and maintain compliance with CMS regulations in regards to…

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4 Things to Look Forward to With Retirement

One of the biggest things we worry about is our retirement. But with retiree medical benefits, a lot of those worries can be removed. You can rest easy knowing your Medicare drug plans and health insurance is covered. With your retirement right around the corner, you will be freed up to engage in many more life activities. Here are a few things to look forward to with retiree medical benefits.   More time for family Once you retire, you will realize that it is now more possible than ever to spend time with your family and friends. Enjoy new opportunities…

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How Benistar Helps You Determine the Right Prescription Benefits

Prescription benefits with a personal touch Medicare drug plans can seem unfair when you don’t feel that you are treated as an individual. If Medicare prescription drug solutions are passed out like an assembly line, then your plan would be the same as anyone else’s. What room does that leave for your specific requirements? Medicare drug plans require more than just a short list of needs. It requires a personal touch. That is why Benistar reaches each retiree where they stand. Everyone currently in or facing retirement requires the chance to be cared for in their own way. So to…

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Top 4 Advantages of having an EGWP Plan

If you are just now looking into retiree prescription drug benefits, you will likely find that there is this offer referred to as an EGWP. This stands for Employer Group Waiver Plan. An EGWP is meant for those who are under Medicare Part D. The EGWP contains many possibilities for retirees, which is why it is of extreme importance to us at Benistar. Here are just some of the valuable benefits that come with this health plan. Fully Insured Being fully insured is more than just trusting a company. With Benistar, we allow you to cap your retiree health liability…

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