“My new job starts in a few weeks, then I have a 90 day probationary period before benefits start. I don’t want to sign up for the Affordable Care Act and purchase my own healthcare when I will have benefits with my new job. Is there an alternative?” Fortunately, there is an alternative. Short Term…
That’s the problem with most insurance programs. They don’t cover everything. With employee sponsored health insurance programs, there are either high deductibles and lower co-pays, or lower deductibles with higher co-pays. There are often few or no options for employer sponsored critical illness, accident or long term disability; and what if you are hospitalized? The…
For most us term life insurance is that one thing we know they need, but don’t want to talk about. We know we need it and invest in it, but often it is money we know will be paid out to our kids, spouses or grandchildren after we’re gone. That isn’t necessarily the case with…
“I thought if I bought a Term Life policy, only my beneficiaries would receive the benefits.” What if you’d been paying into your life insurance policy for 20 years or more and suddenly became ill and unable to work? You’ve paid premiums into the thousands or even hundreds of thousands of dollars, and yet, you…
“I thought if I became disabled, Social Security Disability would help me. Why do I need separate Disability Income Insurance?” First, the guidelines for Social Security Disability are pretty strict. You must be unable to do the work you previously did, as well as be unable to adapt to another job in order to qualify.…
Disability Insurance isn’t new. As an insurance product it evolved out of accident coverage back in the late 1800s. Although the idea of replacing lost income due to accidents and injuries was a good one, the subjective nature of the term “disability” and the ease with which the policies could be abused caused the insurers…
I take good care of myself, eat right and don’t have a family history of catastrophic illness, do I really need Critical Illness Insurance? The simple answer is, everybody needs Critical Illness coverage. No one is immune to a catastrophic illness. Famed runner Jim Fixx didn’t even know he had coronary artery disease before he…
I’ve had life insurance since I was 17, health insurance coverage most of my adult life, car insurance, home-owners, renters and even postal insurance, but I’d never heard of Critical Illness coverage until recently. So I did some digging. It is fairly new in the U.S. and the growth in the insurance industry is still…
We’ve all thought and said the same thing – “It will never happen to me,” when someone we know gets the news they’ve been diagnosed with a catastrophic illness. We offer prayers and help, sincerely, but what else can we do? In reality we can protect ourselves because it can happen to anyone. A few…
“During 2013 my COBRA Healthcare Plan was manageable, but January 1st my premiums triple and the deductible/co-pays are exorbitant. I am still unemployed and don’t know what to do. What are my options?” There are a number of changes coming in 2014, including changes to the levels at which the Federal Government is funding Medicaid.…