Frequently Asked Questions About Insurance in Maryland

Life insurance helps protect your family's financial future by providing money that can be used for living expenses, mortgage payments, education costs, debts, and final expenses after your death.

The right amount depends on your income, debts, future financial obligations, and family needs. Many families choose enough coverage to replace several years of income and pay off major debts.

Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. Whole life insurance provides permanent coverage and may build cash value over time.

Yes. Many insurance companies offer coverage options for individuals with health conditions. Available plans and pricing will vary based on your health history and other factors.

Generally, the younger and healthier you are, the lower your premiums may be. However, life insurance can be valuable at almost any age.

Yes. Life insurance proceeds can be used to pay funeral expenses, medical bills, debts, and other end-of-life costs.

Maryland residents may qualify for individual health insurance plans, family plans, employer-sponsored coverage, short-term options, Medicare plans, or Medicaid depending on their situation.

Most individuals can enroll during the Annual Open Enrollment Period or during a Special Enrollment Period after certain life events such as marriage, having a child, or losing coverage.

A deductible is the amount you pay for covered medical services before your health insurance plan begins paying its share.

A copay is a fixed amount you pay for a medical service, while coinsurance is a percentage of the cost that you share with the insurance company.

It depends on the plan's provider network. We can help you compare plans to see if your preferred doctors and hospitals participate.

You may qualify for premium tax credits, cost-sharing reductions, or plan options that better fit your healthcare needs and budget.

Long-term care insurance helps pay for extended care services that are not typically covered by health insurance or Medicare.

Coverage may include nursing home care, assisted living facilities, adult day care services, home health care, and in-home personal care assistance.

Medicare may cover limited skilled nursing care under specific circumstances, but it generally does not pay for extended custodial long-term care.

Many people consider purchasing coverage in their 50s or early 60s when premiums may be more affordable and health qualifications may be easier to meet.

Long-term care insurance may help protect retirement savings and reduce the financial burden on family members if extended care is needed.

Many policies provide benefits for qualified home care services, allowing individuals to receive care in their own homes.

Most people become eligible for Medicare at age 65. Certain younger individuals with qualifying disabilities may also qualify.

• Part A covers hospital insurance.
• Part B covers medical insurance.
• Part C (Medicare Advantage) combines coverage through private insurers.
• Part D provides prescription drug coverage.

A Medicare Supplement (Medigap) plan helps cover some out-of-pocket costs not paid by Original Medicare, such as deductibles, copayments, and coinsurance.

Medicare Advantage plans are offered by private insurance companies and provide Medicare benefits through an alternative to Original Medicare.

Many Medicare Advantage plans include prescription drug coverage. Medicare beneficiaries may also purchase a standalone Part D plan.

Most people enroll during their Initial Enrollment Period around their 65th birthday. Other enrollment opportunities may be available depending on individual circumstances.

Yes. Medicare beneficiaries may be eligible to make changes during Annual Enrollment Periods or Special Enrollment Periods.

Medicare Supplement plans work alongside Original Medicare to help reduce out-of-pocket costs. Medicare Advantage plans replace Original Medicare coverage with a private plan that may include additional benefits.

As an independent agency, Abrams/Mendelsohn Insurance can compare multiple insurance companies to help you find coverage and pricing that fit your needs.

Yes. We review coverage options from multiple carriers so you can make an informed decision.

Simply contact us online or by phone, and one of our licensed agents will help you explore your options.

We proudly help individuals and families throughout Maryland with Life Insurance, Health Insurance, Long-Term Care Insurance, Medicare, and other insurance solutions.