Insurance Tips for Everyday People
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What is Term Life Insurance?
Term life insurance (also known as term assurance) is life insurance that provides coverage at a fixed rate of payments for a set period of time. After that period expires, coverage at the previous rate of premiums is no longer guaranteed. The client must then either forgo coverage or potentially obtain further coverage with different…
Life Insurance
In this post, you will find common questions our team receives when someone contacts us about purchasing life insurance. What is life insurance? According to dictionary.com, life insurance is: “insurance that pays out a sum of money either on the death of the insured person or after a set period. https://www.dictionary.com/browse/life-insurance In addition, life insurance…
What is a co-pay?
Co-pay /ˈkōˌpā/ Noun A contribution made by an insured person toward the cost of medical treatment or other services: US “plans with low premiums are more likely to have high co-pays”. https://www.dictionary.com/browse/copay A co-pay (or copay or co-payment) is a set fee that you pay when you go to your doctor or fill a prescription.…
Sink Your Teeth Into Health
Some dental insurance plans offer 100% coverage from day one when you visit a network provider so you don’t have to worry about cost. Ask me about which ones offer this!
What are health plan premiums?
Your premiums paid do NOT go towards your deductible or max out-of-pocket limit.
What does “max out-of-pocket” mean?
A max out-of-pocket, also referred to as an out-of-pocket maximum, is the most a health insurance policyholder (client) will pay each year for qualified healthcare expenses.
What is a deductible?
Most health insurance plans have a deductible that designates the amount of money someone must pay before the insurance company (health plan) starts covering some or all of the major expenses.
How do you get rid of telemarketers?
You have just sat down to dinner and you are excited to bite into the steak you have been dreaming about all day and then your phone rings…. You don’t need solar power, you don’t need new health insurance and you don’t have a car so why would you want a car warranty. Here are…
$0 Deductible Plans: Sure Thing or Suspect?
Picture this: it’s time for Open Enrollment for health insurance. You can choose group health insurance, ACA, or a short-term medical plan. Then, someone offers you a plan with no deductible (first-dollar benefits) that is cheaper and sounds great. Do you enroll in it? What do you need to know before you purchase one of…