Client Login
Insurance is an important element of any sound financial plan. Different types of insurance protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death.
Health insurance is a contract between an insurance company and a policy holder. But the components of health insurance, premiums, copays, deductibles, and out-of-pocket maximums, can vary by plan and how policyholders access care.
Medicare is the federal health insurance program for people who are 65 or older, or those under 65 who may qualify because of a disability or another special situation. Medicare helps millions of American seniors and disabled individuals cover some of their health care costs.
There are three types of health insurance that are available to individuals. There is Employer Sponsored, which are health insurance plans designed to be more cost-effective for businesses and are typically less expensive than those for an individual health plan. Individual plans is another, which is that you purchase on your own as opposed to obtaining through an employer. Lastly, there is Medicare, which is a Federal Health program for citizens aged 65 and older.
There are four parts of Medicare: Part, A, B, C and D. Part A helps cover hospital expenses such as room, board and other inpatient services. Part B helps cover doctor’s services, outpatient services and other medical supplies. Part C covers all of Parts A and B plus they may include Medicare Part D prescription drug coverage. Lastly, Part D helps manage the costs of prescription medication. You will generally need to add on Part D to your other plans.