Sandra Bailey, Medicare Insurance Broker
Sandra Bailey
Women Financial Power, LLC
Medicare Broker Licensed in TN, AL, AR, CA, FL, GA, IA, IL, MD, MI, MS, NJ, NY, OH, PA and TX
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Cordova, TN
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Sandra Can Help With:
- Medicare Advantage
- Medicare Supplement
- Prescription Drug
- Dental Plans
- Vision Plans
- Hearing Plans
- Individual / Family Plans
- Group Benefits
- Life Insurance
- Final Expense Insurance
- Critical Illness
- Long Term Care Insurance
- Short Term Care Insurance
- Disability Insurance
- Hospital Indemnity Insurance
- Annuities
About Me
At Women Financial Power, LLC, we specialize in Medicare/Health, Retirement, Long-Term Care, and Life Insurance. Our goal is to provide personalized guidance to help you make confident financial decisions—all with a no cost and no obligation consultation.
Reach out to us today by call, text, email or schedule a consultation to start planning your path to greater financial security!
Meet Sandra, the founder and visionary of Women Financial Power, LLC. Since launching WFP in 2012, Sandra has dedicated herself to empowering individuals and business owners with the tools they need for a secure future. A proud Memphis native with over 40 years of expertise in insurance and financial services, Sandra brings unmatched knowledge and a passion for service to every client.
As a Life & Annuity Certified Professional (LACP) and Registered Financial Consultant (RFC), Sandra is here to help you navigate your financial journey with confidence and care.
We look forward to partnering with you on your financial success!
Q&A with Sandra Bailey
Does Medicare fully cover nursing home care, and are there alternatives?
Answer: Medicare does not fully cover nursing home care. The alternative is long term care coverage. We can offer quotes if you’re interested. Thank you
What does Medicare Part B cover? Is it enough?
Answer: Medicare Part B covers medical insurance including, Doctor’s services, outpatient care, many preventive services. It covers 80% & you’ll pay 20%
Won't Medicare run out of money before I can benefit from it?
Answer: There are too many people in America depending on Medicare for it to run out. Yes, the US has a lot of debt and it's said by 2036 that Medicare will cover about 89% of the cost. Even with that being said, there still will be funds available.
Should there be stricter regulations on Medicare Advantage marketing and sales practices?
Answer: Yes there should be! I know Medicare beneficiaries are tired of everyone calling & texting them. Please do not give everyone your Medicare #. Guard it like your Social Security # & only give it to people you know & trust.
I have Original Medicare, and I'm wondering if I'd save more on my dental cleanings if I switched to a Medicare Advantage plan instead.
Answer: Medicare Advantage plans include routine checkups & cleaning plus some will include extra benefits. You must use in network dentist. Please compare your original plan & services before switching
How does life insurance contribute to financial planning?
Answer: Life insurance contributes to financial planning in many ways. You're transferring your financial risk to the life insurance carrier.
1. We all know we will leave this earth one day. Life insurance is used for final expenses like burial expenses.
2. 70% of people who live to age 65 will need some form of long-term care (LTC). Some life insurance policies include living benefits for chronic, critical and terminal illness. Living benefits are benefits you can use while you're living that's included in some life insurance policies. Yes!
Chronic Illness is when you cannot perform 2 of your 6 activities of daily living. They are continence, transferring, toileting, bathing, dressing and eating.
Critical Illness includes, stroke, certain types of cancers, heart attack, kidney failure plus many other illnesses
Terminal Illness is if a medical physician say you have 12 to 24 months to live.
3. Some life insurance plans build cash value that people use to supplement their retirement.
4. If you want to leave a legacy to a loved one or charity, life insurance is perfect as the death benefit goes to your beneficiary income tax free!
I just moved to a new state. Do I need to do anything with my Medicare coverage?
Answer: If you have Medicare Advantage, you’ll want to get with an agent to get a plan for your new state. You can change now because you have a SEP(Special Enrollment Period). Which means you don’t have to wait until open enrollment. Change now to get a plan in your new state.
Is paying for a high-end Medicare Supplement plan really worth it, or is it overkill?
Answer: All Medicare Supplement plans pay the same 20% that original Medicare doesn’t pay. They all have the same annual deductible.
The only difference in plans is one may offer an additional benefit or gym membership etc that another plan may not offer. Find out if anything unique is included in the high-end plan before purchasing.
What is the biggest disadvantage of Medicare Advantage?
Answer: The disadvantage is making sure your doctors are in network. All physicians are not & some may start out in network & pull out of network later. There will be co-pays that you’ll need to pay & there is a max out of pocket.
Every year I stress over picking a plan and still end up surprised by the bills. Is there any way to just get peace of mind with Medicare?
Answer: I am sorry to hear that.
If you have original Medicare, it pays 80% and Medicare Supplement/Gap pays 20%. There is a $257 deductible in 2025. However, if you have cancer, there may be some out-of-pocket cost. Medicare pays for chemo but longer treatments may result in out-of-pocket costs.
If you have a Medicare Advantage plan, some doctors and hospitals may come and go out of the network, which will cause you to shop each year. Medicare Advantage plans also have deductibles, co-payments, coinsurance and maximum out-of-pocket expenses. Before changing Medicare Advantage plans, please check your specific plan for these out-of-pocket costs. Be sure you understand them so there won't be any surprises. Ask your agent or broker to review your plan in detail with you. You may also want to purchase a hospital indemnity plan to cover the hospital costs that Medicare Advantage doesn't pay.
Hope this helps.