Consumer Guide – Voluntary Products

What are voluntary benefits? Voluntary benefits, often referred to as Worksite Marketing products can be any type of additional benefit that is added to an employer’s menu of benefit options. These benefits may be provided through insurance products that can be classified as either core products or ancillary products. Core Benefits Core benefits typically consist of group major medical insurance, dental insurance and group term life insurance. Premiums for these core benefits are usually paid for by the employer, although in many cases at least a portion of the premium is paid for by the employees. Non-Core Benefits From the perspective of the Benefit Professional non-core benefits can be further broken down into ancillary and worksite products. Ancillary products are …

Consumer Guide Long Term Care

What is Long-Term Care? Long-term care (LTC) describes the need for assistance from another person with everyday tasks. This type of care is typically non-medical (custodial) and not covered by health insurance. LTC describes the need for custodial (unskilled) help from another person, for an extended period of time. LTC needs consists of services and support related to a prolonged illness, injury or chronic condition. As more Americans expect to live a long life and the population ages, the need for these services will grow. Planning for LTC should be part of everyone’s retirement planning. Long-term care services include help with “activities of daily living (ADLs)” such as: Bathing Dressing Using the toilet Transferring (to or from bed or chair) …

Consumer Guide To Group Health Insurance

What is employer group health insurance coverage? Group health insurance coverage is a policy that is purchased by an employer and is offered to eligible employees of the company (and often to the employees’ family members) as a benefit of working for that company. A group health insurance plan is a key component of many employee benefits packages that employers provide for employees. The majority of Americans have group health insurance coverage through their employer or the employer of a family member. One of the advantages for employees in a group health plan is the contribution most employers make toward the cost of the health coverage premium – in many cases, employers pay one-half or more of the monthly premium …

Consumer Guide To Individual Health Insurance

Approximately five percent of Americans do not get their health insurance coverage through an employer or through a government program, but instead purchase private individual coverage. Individual coverage is regulated differently by each state which can have a tremendous impact on the individual health insurance products available to consumers in each state. This guide helps explain some of the nuances involved with purchasing private individual health insurance coverage.

Brokers Helping People

The Broker Advantage

Health insurance brokers are experienced, licensed professionals who can guide you – the consumer – through the complex task of choosing and utilizing health insurance coverage at an affordable price. Health insurance is an important source of financial protection that will provide you with peace of mind while it also makes medical services more affordable. Health insurance brokers do so much more than sell health insurance policies. A broker is an experienced, professionally licensed advisor who can guide you through the complex task of choosing and maintaining appropriate coverage at an affordable price. A broker will:   Research the marketplace for information on the hundreds of available plans. Identify and guide you to the best coverage value to fit your …