Health Insurance Related Products that “Fit the Need and Fit the Budget”
Health-Related Insurance Products, that’s what I do here at InsuranceThatFits.com. Insurance is what keeps you from moving backward when life happens. We focus on Medicare, but all of our products are health-related insurance you need throughout your life.
Health Insurance today is improving, but still has a long way to go. You might know that tax credits are available to help pay the premium (the monthly cost), the insurance companies cannot hold pre-existing conditions against you, and that all policies include a list of preventive care. What you might not know is that there is “cost-sharing” available and it helps lower your deductibles, co-insurance, and out-of-pocket maximums.
You might also have a hard time finding out which doctors are “in-network” and what your prescriptions might cost. Prescription costs can be hard to nail down…sometimes even for me! That being said, I can help with all these things. Since the fall of 2013 when the ACA (Affordable Care Act aka Obamacare) launched I’ve helped thousands of people apply. I know the system and as an agent I have the online tools to get the application done quickly.
I remember one of the first policies I sold was on a child. The parent explained to me that he had lost a child a few years before while in the Army. He said, “it’s bad enough that you lose a child, but then you go bankrupt on top of it.” Another client said, “I knew I had to have life insurance on my kids when I walked into a gas station and they had a bucket with a child’s picture on it. They were taking up a collection to pay for the child’s funeral. I determined right then my child was never going to be a face on a bucket in a gas station.”
Those were some of the first experiences I had selling life insurance. I also remember the first time I brought a check to a husband who had lost his wife. He was able to get her medical bills paid that they had built up over the previous several years. He missed his wife, but he was glad he had financial protection.
Today’s life insurance products are not just about the coverage amount being paid out when someone dies, they are also about helping to pay for long-term care benefits, and other health-related expenses that are incurred before a person passes. Take this seriously.
Medicare is the most common health-related insurance we help with.
Most of my clients that are in their early 60’s don’t want to get older, but at the same time…they cannot wait to get to Medicare!
You paid in a bit on each paycheck during your working career and now, when you retire part of your coverage has no premium. That’s not a bad thing. Now, there is a premium of $144.60 (typical in 2020, but it can vary) a month that will likely come out of your Social Security check, but that is far, far less than you would pay for a policy on the open market.
Most people don’t even think of disability insurance as a health-related insurance product.
The fact is you are much more likely to use disability insurance than you are to die during the term of a term life insurance policy.
Think of is this way…would you rather make $65,000 a year and have nothing to fall back on or $62,500 and have $40,000 coming in if you were not able to work?
In conjunction with Social Security disability you could be back to your original income level. And if you are paying the premiums instead of your employer the benefits are not taxable income!
Long-term care is a health insurance-related product that can give you more options in the years of your life that you would rather not think about.
However, most people have never had an estimate done…they just assume what they have heard is true. Don’t believe everything you hear.
Long Term Care Insurance will give you more flexibility in your financial choices when you get older. Whether you get care at home or in a full time nursing home is your choice. LTC helps you afford the care and not burn through your life savings while doing so.
Let InsuranceThatFits.com help you understand the this financial protection and get you a quote.
Health Insurance is a mystery to some, but at Insurance That Fits, we think everyone should have some understanding of the policy they are buying.
Every policy regardless of the Insurance Company has the same three stages: Deductible, Co-Insurance, and Out of Pocket Maximum. There are other optional benefits your policy may or may not have such as Co-Payments.
Once you do the math you will see that Dental insurance is one of the best values in the world of insurance.
It all hinges on having your preventive care taken care of twice a year. Those claims are paid at 100% by many policies. Name another type of insurance where two claims a year would be paid at 100% year after year. You can’t because there aren’t any
At Insurance That Fits we know everyone needs life insurance.
We also believe everyone needs affordable life insurance. Our philosophy is not about selling you every cent of coverage we can ring out of your wallet, but instead to simply give your survivors a fighting chance financially.