Individual Health Insurance
There has been a great deal of talk over the past several years about health care reform. This, along with the rapidly rising cost of health care in general, has many people concerned that they may not be able to afford to pay for their care. But with new options for coverage that are now available, the question has more recently become, can people really afford not to have health insurance?
Today, affordable health insurance coverage is a reality. And, securing such protection may not be as difficult as you may think. Working with a professional who can customize a plan for your specific needs is the first step in taking control of your overall health care costs.
Your ability to earn an income can be considered your biggest asset. So, if you are unable to work because of a long-term sickness or injury, it can drastically affect your ability to pay your day-to-day expenses such as your rent or mortgage, food, and utilities.
Disability insurance provides a percentage of a person’s income to them in the event that they are unable to work because of suffering from a qualifying injury or illness. Typically, the policy’s income benefits are paid out monthly so that the you can continue pay your living expenses until you’re back on your feet again, or in the case of a permanent disability, until you retire.
Medicare Supplement insurance – also referred to as “Medigap” coverage – is a type of insurance coverage that is supplemental to what Medicare covers. Because Medicare Part A and Part B leave many “gaps” in coverage such as copayments, coinsurance, and deductibles, enrollees are oftentimes left will high out-of-pocket bills to pay. Medicare Supplement insurance can help to pay for some or all of these costs.