Optional Guaranteed premiums that will never go up
Optional guaranteed cash value that accumulates on a tax-deferred basis over time
Optional participating policies have the opportunities to earn dividend
Affordable health insurance, vision, dental plans are available for small business, self-employed and individuals
Preferred Provider Organization (PPO) Plans. With a PPO, most healthcare is provided by a network of providers who are partnered with the plan and offer a substantial discount to their normal rates. Members can also receive service from providers outside of the network for a higher out-of-pocket cost. The major advantages of a PPO are flexibility and choice; for example, with a PPO you can get specialist visits covered without a referral from your primary care doctor.
Health Maintenance Organization (HMO) Plans HMOs are a lower cost alternative to PPOs, offering less flexibility but also lower premiums. Unlike a PPO, HMO members must receive care from doctors, specialists and hospitals that are within the HMO's network. With an HMO, you select a primary care physician or PCP, who serves as your primary contact for all of your healthcare needs. In addition to providing general medical care, your PCP must also be consulted in order to see a specialist.
Health Savings Accounts (HSA) Plans Health Savings Account Plans allow you to put tax-free money away to cover healthcare costs. HSA Plans must be combined with a High Deductible Health Plan (HDHP), which is a plan that offers low premiums in exchange for a high deductible. HSAs and HDHPs complement each other because the income tax-free money that you put into your HSA can be used to pay for your deductible, should you ever require expensive medical care. HSAs are regulated by the IRS and have similaries with other investment vehicles; for example, ownership can be transferred to a spouse tax-free if the account owner dies.
Disability Insurance
Protect your greatest asset with Disability Income Insurance (DI). If you become too sick or injured to work for an extended period of time, DI could help cover a portion of your income, including bonuses and commissions. It's important to know that even if you have group long-term disability insurance through your employer, it may not be enough. DI can help protect 45% to 65% of your income should you become sick or injured. So if you have people who depend on you financially, college tuition to cover and mortgage payments to make, you should consider disability income insurance.
Your income is most likely your biggest asset. Without it, it would be hard to support yourself and your loved ones financially, as well as keep your future plans on track. Individual disability income insurance can help you stay on track by protecting a portion of your income.
Individual disability income insurance policies may be customizable, so you can prepare for the future. For example, you may be able to choose to add a rider to your policy that allows your coverage to grow as your salary increases.
Give us a call at 908-722-6868 or email for additional information.