Hoover and Associates is Planning for a Busy 2017 AEP

Royal Oak, MI, September 04, 2016 --(PR.com)-- Hoover & Associates Insurance and Financial Services is preparing for their busiest Annual Enrollment Period for Medicare ever.

Hoover said, “This year should be particularly busy, as we have had an organic increase in business with a number of people being referred to us that are aging in to Medicare. We will also be representing many more Prescription Drug Plans this year in order to serve our customers needs more completely.”

Many people will also be considering Medicare Advantage Plans for the first time, as they are made aware of their substantial rate increase with the Blue Cross Blue Shield Legacy product.

This potentially, disappointed, group of Blue Cross Blue Shield policy holders have been dealt a huge rate increase on the product and they don't know how they will afford the new premium in January. In some cases, a Medicare Advantage product may be an appropriate affordable route for seniors and disabled people to consider.

The new rates proposed with the state are shocking. Some examples of the proposed rates sent to consumers are as follows; Disabled Male Age 58 will see his premiums go from $122.86 to $314.87 per month. A Male and Female couple age 87 and 85 in Bloomfield Hills saw their premium go from $40.42 a month to $196.28 for him per month and $166.34 per month for her. A Grosse Pointe couple saw the same increase.

The agency will be expanding their business hours, meeting with clients on Saturday’s and scheduling evening appointments in order to accommodate the increased customer demand.

About Hoover and Associates: Hoover and Associates offers complete insurance, financial and employee benefit planning services. We work together to serve our clients' business and personal needs with focused solutions that emphasize convenience, practicality and ingenuity. Since our foundation in 1988, we have believed in partnering with our clients to assist them in managing their net worth, growth, and development. We prepare our recommendations using information our clients share with us about their goals, objectives, and present resources. Then we overlay Market conditions, Tax Regulatory, and actuarial considerations to uncover the best objective client solutions. Hoover and Associates is located at 909 North Main Street, Royal Oak, Michigan. Visit our website at www.hooverassociates.com for more information.

Hoover was awarded the Lifetime Achievement award from the National Health Underwriters Association in 2010, for 10 consecutive years of professional excellence in the sale of health and disability income insurance and sales management.

Securities offered through Sigma Financial, Inc. Member FINRA/SIPC.
Hoover and Associates is Independent of Sigma Financial Corporation.
Hoover and Associates Financial Services, Inc.
Elizabeth Chaney