Travel Insurance provides medical coverage while you are traveling outside the United States. Travel Insurance provides medical coverage for the following situations:
Medical plans are available for both Individuals and groups.
How Supplemental Insurance Works
Supplemental insurance provides extra coverage where traditional policies fall short. Especially with health insurance, typical policies provide broad-based coverage that covers a wide range of different conditions and needs. But those often policies don’t provide coverage for specific illnesses or medical procedures that might be of particular interest to you, or if they do, policy limits might mean they won’t cover all of your potential costs.
Moreover, while traditional health insurance covers direct costs like hospital bills and doctors’ visits, it usually doesn’t cover lost wages or other financial impacts that can result from an illness or injury.
Supplemental insurance can fill those gaps, with policies available for specific types of care including cancer treatment, vision, and dental coverage, and other policies providing cash in cases of accidents, hospitalization, or disability.
We are an Authorized Agent with AFLAC.
Are you considering an individual dental or vision plan? There are many products to choose from, but do they make financial sense? Many times dental and vision insurance may not be the best choice for your needs. We will help you determine what policy is the best fit for your needs or we may let you know that these policies just do not make financial sense. Each individual is different and has different needs. Give us a call for quick and easy explanation.
A Health Savings Account (HSA) is like a 401(k) for healthcare. It is a tax-advantaged personal savings or investment account that individuals can use to save and pay for qualified healthcare expenses, now or in the future. Paired with a qualified high deductible health plan (HDHP), an HSA is a powerful financial tool that empowers consumers to be more actively involved in their healthcare decisions.
However, unlike other financial savings vehicles (Roth IRA, Traditional IRA, 401K, etc.), an HSA has the unique potential to offer triple tax savings through:
-Pre-tax or tax-deductible contributions to the HSA
-Tax-free interest or investment earnings
-Tax-free distributions, when used for qualified medical expenses
Contributions can be made by the employer, the employee/individual, or both. Tax-free withdrawals can be made to pay for qualified healthcare expenses incurred by the account holder, spouse, children and other dependents.
HSAs are also portable, which means that individuals keep their HSAs, if changing jobs or becoming unemployed. Also, since the account is owned by the individual, there is no “use-it-or-lose-it” provision, like with a Flexible Spending Account (FSA). Instead, unused contributions roll over each year, with interest and/or investment earnings compounding on a tax-free basis, like an IRA or 401(k). HSAs offer the potential for long-term, tax-free savings that can be used for future healthcare expenses, such as Medicare premiums and certain long-term care expenses and insurance
Below you will find some very useful information on Health Savings Accounts (HSA’s).
Consumer Information
Medical and Dental Expenses – Department of the Treasury (IRS)
Contribution Limits
Frequently Asked Questions
For more information on HSA’s, or to create an account, please visit the following websites:
To Apply Online with John Bradbury as your agent
www.hsabank.com
What Is Disability Insurance:
Your ability to earn money is one of the most significant assets that you have. Expenses often increase due to disability, while income is drastically reduced. In the event that you’re unable to continue to earn your income because of illness or injury for any period of time, your family’s financial plans could be ruined.
· NOTE ON SOCIAL SECURITY BENEFITS: Social Security includes a disability feature, but you’re considered disabled only if you can’t perform any work; you have to wait for at least five months to initiate benefits; and the amount you will receive will likely be less than half your income.
The only way to protect yourself and your family from financial disaster is to maintain adequate disability insurance. Disability insurance replaces a portion of your income if you become ill or injured. The risk isn’t something that you likely can bear yourself, so you must transfer the risk to an insurance company.
One of the most significant benefits of owning your own disability insurance policy is that because you pay the premiums, the benefits you receive (should you become disabled) are tax-free. Tax-free benefits of 70% of your current income may be extremely close to 100% of your current take-home pay.
Disability insurance comes in two primary forms:
· Short-term disability insurance provides benefits from the eighth day of disability up to six months of disability. Most employers don’t provide short-term disability insurance benefits, and many individuals choose to self-insure for the first three to six months of disability if they’re buying private policies.
· Long-term disability insurance generally kicks in after the first six months of disability and typically pays benefits until age 65. Employer-sponsored, long-term disability insurance may provide own-occupation coverage for a period of up to two years. At the end of that two-year period of time, or in most cases from day one of your disability, the disability insurance policy pays benefits only if you’re unable to do any meaningful work that you’re reasonably trained to do. Insurance that guarantees to pay if you’re unable to perform the duties of your occupation is substantially more expensive than a policy that guarantees to pay benefits if you’re unable to work at all.
Obtaining as much own-occupation, long-term disability insurance as you can afford makes sense if you have a specialized occupation that would require you to take a significant pay cut in order to work in a different capacity. However, if own-occupation disability insurance is cost prohibitive, having some long-term disability coverage is better than having no coverage at all.