Having the right life insurance is pivotal in planning for the future of you and your loved ones. Life insurance can help you fulfill promises you’ve made to your family when you are gone. We assist our clients in determining an adequate amount of protection and what plan best fits their needs.
As your life changes, your life insurance coverage may need to change in order to adapt to current needs:
Term life insurance provides protection for a specified period of time. Most common policies are 10, 15, 20 & 30-year level term policies. For the specified duration of time, your premium will remain the same.
A Medigap policy is private health insurance plan that helps pay some of the health care costs (“gaps”), which Medicare doesn’t cover (such as copayments, coinsurance, and deductibles). If you have Medicare and a Medicare supplement, Medicare will pay its share of the Medicare-approved amounts for covered health care costs. Then your Medigap policy pays its share.
A Medicare Advantage Plan is offered by a private company that contracts with Medicare to provide you with your Medicare Part A and Part B benefits. These plans include Health Maintenance Organizations, Preferred Provider Organizations, Private Fee-for-Service Plans, Special Needs Plans, and Medicare Medical Savings Account Plans. If you are enrolled in a Medicare Advantage Plan, Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage Plans offer prescription drug coverage.
All health insurance plans compliant with the Affordable Care Act (the law commonly referred to as Obamacare) are major medical health insurance plan. Different types of major medical health insurance include:
This gives tens of millions of low-income and middle-income Americans access to quality healthcare by providing discounts through the Health Insurance Marketplace (also known as a Health Insurance Exchange). Find out exactly what the Health Insurance Marketplace is, and how it works.