Most Americans get health insurance through their jobs or are covered because a family member has insurance at work. This is called group insurance and is generally the least expensive kind.
Some employers offer only one health insurance plan. Some offer a choice of plans: a fee-for-service plan, a health maintenance organization (HMO), or a preferred provider organization (PPO). These plans differ in significant ways and can be explained in detail by our agent.
Not all employers offer health insurance. You might find this to be the case with your job, especially if you work for a small business or work part-time. If your employer does not offer health insurance, you can buy an individual policy, however, you should utilize your agent to compare your options and shop carefully for the best coverage for you.
Contact us today for more information about Group Insurance or fill out our online quote form.
After working for a long time, a big rest is exactly what you need. Whether you want to travel, pick up a new hobby, or just relax in your retirement, it's important to plan for those "golden years".
We can help you plan for your retirement years with a wide variety of investment vehicles and insurance products as shown below:
IRA's
Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.
Traditional IRA
Contributions up to $2,000 annually may be deductible, and your earnings are not taxed until you start withdrawing money.
Roth IRA
For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.
Simple IRA
SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.
Annuities
Annuities can provide a series of payments that typically start at retirement and continue for the rest of the contract owner's life. Annuities can provide retirement income for either a fixed period of time or for the rest of an annuitant's life. Retirement income payments can begin immediately with the purchase of an annuity or be deferred to some time in the future.
401(k)
A 401(k) plan allows you to postpone receiving a portion of your salary until you retire. You choose the amount of income you'd like to "send to the future," or defer annually. Advantages of a 401(k) include:
• Chance of lowering your income rate by deferring a portion of your taxable income.
• Ability to access the money for certain situations like buying a house, college fees, or in some hardship situations.
• Your Social Security contributions and benefits will not be impacted by your 401(k) plan.
• Your account is transferable so you can take it with you from job to job
Long Term Care
Long-Term Care has been defined as "medically necessary assistance, recommended by a physician for the treatment of a chronic illness or debilitating injury on a long term basis. Recovery is usually not expected. Care is oriented toward helping a person function, not toward a cure."
Long-term care is typically not covered by your health plan, disability coverage or Medicare. Medicaid does cover long-term care, but only after you have used up your assets paying for care.
Contact us today for more information about Retirement Plans or fill out our online quote form.