Life, Medicare, Health &
Long Term Care Insurance
We Help You Make Confident Insurance Decisions—Every Step of the Way
About Wallace & Feldman
Barry is an expert in Life Insurance, as well as Medicare Insurance, Long Term Disability and Long Term Care Insurance, and Annuities.
Insurance Offerings
Medicare
The four parts of Medicare
- Part A (hospital insurance): Covers inpatient hospital stays, skilled nursing facility care after a qualifying hospital stay, hospice, and some home health care. Most people pay no premium for Part A because they or a spouse paid Medicare payroll taxes for at least 10 years.
- Part B (medical insurance): Covers doctor visits, outpatient care, preventive services, and durable medical equipment. This one has a monthly premium, and higher earners pay more through an income-related adjustment (IRMAA).
- Part C (Medicare Advantage): An alternative to Original Medicare (A and B) run by private insurers. These plans bundle A and B, usually add Part D drug coverage, and often include extras like dental or vision. The trade-off is that you typically work within a provider network and may need prior authorization for certain services.
- Part D (prescription drugs): Standalone drug coverage you add to Original Medicare, sold by private insurers. Each plan has its own formulary (list of covered drugs), so the plan that’s cheapest for your neighbor may be a poor fit for you.
Two main paths
- Original Medicare + Medigap + Part D: You can see any doctor who accepts Medicare, and a Medigap (Medicare Supplement) policy picks up much of what A and B leave behind, like deductibles and coinsurance. Premiums are higher, but costs are more predictable.
- Medicare Advantage: Lower or even $0 premiums are common, but you pay copays and are subject to an out-of-pocket maximum, which Original Medicare lacks on its own.
Are you looking at this for yourself, a family member, or something you’re writing? I can go deeper on whichever piece is most useful, whether that’s comparing Medigap and Advantage, how Part D costs work, or enrollment rules for people still working past 65.
Life Insurance
Life insurance provides financial protection for your loved ones by helping replace income, cover final expenses, and manage outstanding debts. It can also serve as a tax-advantaged savings vehicle. Life insurance offers peace of mind, knowing your family’s future is supported no matter what life brings.
Group Health Insurance
Group health insurance offers affordable medical coverage for employees and their families through employer-sponsored plans. It helps businesses attract and retain talent while giving employees access to quality healthcare and cost-saving benefits.
PEO
A Professional Employer Organization (PEO) partners with businesses to manage Health Insurance, HR, payroll, benefits, and compliance under a co-employment model. This allows companies to reduce administrative burden, control costs, and offer competitive employee benefits.
Long Term Care Insurance
Long-term care insurance helps cover the cost of extended care services, such as in-home care, assisted living, or nursing home care. It protects your savings and provides peace of mind by ensuring you have support in place if ongoing care is needed later in life.
Disability Insurance
Disability insurance provides income protection if you can’t work because of illness or injury. It replaces a portion of your paycheck, typically 50% to 70% of your gross income, so you can keep paying the mortgage, groceries, and other everyday bills while you focus on getting better.
Coverage generally comes in two forms. Short-term disability starts within days or a couple of weeks and pays for a few months. Long-term disability has a longer waiting period, often 90 or 180 days, and can pay for years or even until retirement age.
Two details matter most when comparing policies. The first is how the policy defines “disabled.” An own-occupation policy pays if you can’t do your specific job, so a surgeon who loses fine motor control collects benefits even if she could work as a consultant. An any-occupation policy pays only if you can’t do any job you’re reasonably suited for, which is a much higher bar.
The second is who pays the premiums. If your employer pays, benefits are generally taxable. If you pay with after-tax dollars, benefits are generally tax-free, so a personally owned policy can go further than a group plan at the same percentage.
Group coverage through an employer is usually cheaper but capped and tied to your job. Individual policies cost more but are portable and tend to offer stronger definitions.
5-Star Insurance Agency
Read what others say about Wallace & Feldman Insurance. Located in Kingston, NY, our Insurance Agency provides individuals and companies throughout the region with sound insurance offerings & consultation.