Health Insurance

Health Insurance in Arizona and Ohio

Protect your greatest asset – your body – with a health insurance policy. 

With skyrocketing medical costs, it is important to protect your finances with a personal health insurance policy. We represent the best health insurance companies in Arizona and Ohio and can find a policy that is right for you.

A personal or group health insurance plan will help cover your medical expenses for medical, surgical and other hospital and doctor-billed expenses. Plans differ and some cover mental health, prescription drugs and dental expenses. We will explain in detail the different options such as deductibles, co-pays and co-insurance to ensure you choose the right plan for your situation. Only you can decide what health insurance plan is right for you.

Life Insurance

 

Life insurance acts as a contract between an insured person (the policy holder) and an insurance company, where the insurance company promises to pay a selected beneficiary a sum of money (listed as “benefits) upon the policy holder’s death. Depending on the contract selected, other events such as terminal illness or critical illness may also receive a payment to the policy holder or their beneficiary. The policy holder will pay a premium, either in regular installments or a lump sum. Other expenses such as funeral expenses are often included in the benefits, but be sure to review your specifics with a licensed agent.

People buy life insurance for many reasons. Often it is purchased by the policy holder to offer peace of mind to the beneficiary in the event of their untimely death. As such, it would alleviate any financial hardships they may endure as a result of their death.

Something else to discuss with your licensed insurance agent, are the possibilities of a life insurance policy to act as payouts during retirement. Be sure to have your agent explain the benefits and drawbacks of such a program.

Lie insurance policies are legal contracts and carry terms that describe the limitations of insured events. Exclusions will apply in many cases limiting the liability of the insurer such as suicide, fraud, war, riot and civil unrest. Consider all of these items carefully prior to purchasing a policy.

There are two major categories for life insurance.

  • Protection policies – A policy designed to provide an insurance benefit for a covered event, typically a lump sum payment to the beneficiary.
  • Investment policies – The main goal here is to facilitate growth of capital. These are each outlined below.

It is important to understand the three types of life insurance.

  1. Term Life Insurance: Provides protection for a specific time frame, for instance, 20 years. It is generally less expensive than a Whole Life Insurance policy. Frequently term life insurance can be changed to a permanent policy.
  2. Whole Life Insurance: This is a form of life insurance that remains in force your entire lifetime (as long as you pay our premiums). It is important to note that whole life insurance policies can be an investment as they build value over time.
  3. Universal Life Insurance:  Universal life insurance has flexible premiums but can also build value like the whole life policy which earns through an interest rate that changes occasionally.

Medicare Supplement Insurance

The Basics of Medicare Supplement Insurance

Medicare is health insurance for

1.   People age 65 or older

2.

  People under 65 with certain disabilities, including End Stage Renal Disease

1. Original Medicare

Part A

Hospital Insurance

Inpatient Care

Inpatient Nursing Care

Inpatient Services and Supplies

AND

Part B

Doctors' Services

Outpatient Care

Preventive Services

OR

2. Medicare Advantage

Part C

Advantage Plans

Medicare Part A

Medicare Part B

May offer additional benefits.

Part D

Optional Prescription Drug Coverage

Medicare Part D is a prescription drug option run by private insurance companies approved by and under contract with Medicare to help cover the cost of prescription drugs. It may help lower your prescription drug costs and help protect against higher costs in the future.

You have out-of-pocket costs with Original Medicare

Deductibles

The amount you must pay before any coverage pays.

Coinsurance

An amount you may be required to pay as your share of the cost for services after you pay any deductibles. Coinsurance is usually a percentage (for example, 20%).

Copayments

An amount you may be required to pay as your share of the cost for a medical service or supply. A copayment is usually a set amount, for example, you might pay $10 or $20 for a doctor’s visit or prescription drug.


Medicare supplement insurance helps you pay your out-of-pocket costs

Medicare Supplement

Medicare Part A Coinsurance

Medicare Part B Coinsurance

Deductible Coverage Available


Works with Original Medicare Parts A and B

A Medicare supplement insurance policy, also known as a Medigap policy, helps pay your share (coinsurance, copayments or deductibles) of the costs of Medicare-covered services. Some Medicare supplement policies cover certain costs not covered by Original Medicare Parts A and B.

Companies Offer the Same Basic Benefits

Medicare supplement insurance companies can only sell you a standardized Medicare supplement policy identified by letters A through N. Each standardized Medicare supplement insurance policy must offer the same basic benefits, no matter which insurance company sells it. Cost and customer service are usually the only difference between Medicare supplement policies sold by different insurance companies.


Medicare supplements

life and health insurance

long term care insurance