Sunday, June 24, 2018

A Brief Overview of Medicare Advantage Plans

A consultant, motivational speaker, and the owner of Florida-based KK&B Financial Services, Brad Liebe provides guidance on estate planning and other financial strategies. In addition, Brad Liebe helps clients understand their Medicare needs.

Medicare, designed for Americans aged 65 and older, provides health insurance subsidized by the federal government. The different elements of Medicare are divided into separate policies known as Part A and Part B. 

Medicare Part A covers hospital-related costs, while Part B covers preventive and outpatient costs. Many Medicare recipients deal only with these two parts. 

Another Medicare option, often known as Part C or Medicare Advantage, may be a suitable alternative for some Americans. Offered through private insurers, Medicare Advantage plans roll Parts A and B into one policy. 

Some insurers also include other benefits, such as dental coverage in Part C. Depending on the needs of the individual, Medicare Advantage plans can be simpler, cheaper, and more comprehensive than original Medicare plans. However, because Medicare Advantage plans are operated by private companies, networks of providers may be limited, and premium costs may be higher.

Sunday, June 17, 2018

How Golf Scoring Works

Motivational speaker Brad Liebe conducts seminars on strategic planning, management training, banquet speaking, and fund raising. As owner of KK and B Financial Services for Seniors, he also offers consulting services. Outside of work, Brad Liebe loves playing golf.

Golf is not just about swinging and striking the ball, it also involves understanding how the scoring works. Having the lowest score equates to winning the game. This is called the stroke play scoring format. The goal is to propel the ball into the hole with the fewest possible number of swings. Every swing counts as a stroke. The number of strokes used dictates the player’s score for that hole, and the number is cumulative for the game, depending on the number of holes.

When playing golf against an opponent, two other scoring formats may be used - match play and Stableford. In match play scoring, the number of strokes for each hole is compared to the opponent’s result. The one with the least number of strokes is the winner for that hole. At the end of the game, the player with the most hole victories is declared the winner.

The Stableford system uses the par rating, which is the expected number of strokes a golfer needs for a specific hole or the entire game. Each hole on the golf course corresponds to a rating. With par as the basis, the score is converted into points. The winner is determined by counting the total points, instead of the number of strokes. For more strokes under par for a particular hole, the higher the point score, and the goal is to have the highest number, rather than the lowest, at the end of the game.