Medical care costs continue to rise, making health insurance coverage a top priority for individual and families. The current health insurance system is not only complex but constantly changing as well.
As health coverage costs rise, how do you cover yourself and your family at a reasonable rate - one that fits your budget and provides you with a reasonable amount of peace of mind?
There are essentially two types of health insurance plans: indemnity plans (fee-for-services) or managed care plans. The differences include the choice of providers, out-of-pocket costs for covered services, and how bills are paid.
There is no one “best” plan for everyone. Some plans are better than others for you or your family’s health care needs, but no one plan will pay for all costs associated with your medical care.
Mark Rogerson and Linda Veregge will guide you through these choices, and determine what coverage and plan best fits your specific needs.
They are specialists in helping maximize your health coverage budget by showing you how to combine catastrophic loss protection (a financial need most people fear facing as a result of more complex and extended medical care costs) along with tax advantage saving plans to cover the normal doctor visits, prescription medication, etc.
Mark and Linda can help you with a strategy and individualized plan to stretch your health coverage dollars and maximize your protection in the event you or your family face expensive medical costs that can run from several thousands of dollars to well beyond the hundred thousands of dollars range and beyond.
They work with all today’s major health providers like Anthem, Blue Shield of California, Western Health Advantage, Health Net, PacifiCare and Kaiser, which enables them to customize a health care coverage plan matched to your unique needs. Mark or Linda will be happy to take all the time needed to answer your questions and concerns, and help you to find the best coverage possible for your needs and budget.
California small business employers have several options in tailoring group health plans that are attractive to employees, yet still allow employers to manage costs. Small group health plans are designed to cover employer groups of two people to fifty employees and are guaranteed issue - a factor that could be of extreme importance to some employees. General eligibility criteria for small business group health plans include:
- Companies consisting of a minimum of two members ... full-time owners, officers, partners and/or W2 payroll employees.
- Companies that are a legitimate business entity, as evidenced by a Business License or Fictitious Name, Articles of Incorporation or Articles of Organization, LLC.
Employers can provide a group plan that allows an employee to elect an individual plan of their own choosing. So even though they are part of a group, they are able to choose the type of coverage that best suits them individually.
Plan options may include one or more of the following:
- EPO - Exclusive Provider Organization
- PPO - Preferred Provider Organization
- HMO - Health Maintenance Organization
- POS - Point of Service
- HSA - Health Savings Account
- HRA - Health Reimbursement Account
Both employers and employees can make their payment contributions with pre-tax dollars deducted from the company payroll, thus providing an additional opportunity for significant, real dollar savings. The use of a HSA or HRA can provide even more tax savings when properly applied.
In addition to providing you with small group health plans, we can assist you with larger employer groups as well.
Ask Mark Rogerson or Linda Veregge to show you how to best match your California business with the best California group insurance plan for you and your employees or the best California self-employed health insurance plan for you alone.
There are a lot of things to consider when it comes to Medicare Supplement plans. It can be confusing to try and figure out on your own. Whether you are new to Medicare, getting ready to sign up for Medicare or you currently have Medicare, contact Mark or Linda. They can help simplify this process and answer all of your questions. They will give you access to the most affordable plans in your area from the nations most recognized insurance carriers.
- You get help with covering some of your out-of-pocket expenses not paid by Medicare.
- You're able to keep your own doctor as long as they accept Medicare patients.
- There are no referrals required.
- Coverage goes with you when you travel in the U.S. With their help, you will find the plan that is just right for you.
Are you between jobs, just out of school, or in your a new employee now in your employer’s health insurance coverage waiting period? We offer short-term health plans to fill your temporary needs, ranging from 30 days to 6 months. These short-term policies may be just what you need to fill the gap between company employment changes that stop and then restart your health coverage.
Short Term Health Plans are less expensive than COBRA coverage, making it an important alternative to be aware of should you ever find yourself in between health coverage plans for any reason.
Thinking about Long Term Care Insurance? Are you unsure whether or not your need it, or have questions about the cost?
Because of old age, mental or physical illness, or a serious injury, people can find themselves suddenly in need of one of more of the following actions often taken for granted during times of good health:
- toileting or continence, and/or
- transferring (e.g., getting out of a chair or out of bed).
These six actions are called Activities of Daily Living– sometimes referred to as ADLs. In general, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need “long-term care.”
Long-term care can be provided in a nursing home, an adult day care center, an assisted living facility or in your home - something many people are not aware of.
These are only a few of the factors to evaluate when considering if Long Term Care insurance makes sense for you.
Mark and Linda will put you in touch with his colleague who is a specialist in Long Term Care Insurance. They will provide a “needs analysis” and guide you through this complicated coverage. This coverage is available to employer groups as well.
People routinely insure their home, cars, health and life, but seldom consider insuring their income if they were to become disabled. We offer a wide range of Long Term Disability plans to fit the needs of almost every occupation and budget.
Disability insurance pays an insured person an income when that person is unable to work because of an accident or illness.
Short-Term Disability policies (STD) have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years. They can help you protect your short-term income in the event of an unexpected setback.
Long-term Disability policies (LTD) have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life. They can be structured to protect your long-term income in the event of an unexpected catastrophe that leaves you permanently disabled.
Evaluate whether or not Short Term or Long Term Disability coverage makes sense for you. Ask an expert - contact Mark Rogerson or Linda Veregge.
Term Life or Whole Life? Which is best for you?
When it comes to life insurance, Mark Rogerson or Linda Veregge will guide you through policy choices that best fit your needs and budget. Mark has been helping our customers make the right choice since 1987 and Linda has been in the Life Insurance field since 2000. They both take great pride and satisfaction from helping clients protect their assets and ensure their financial future.
Term life provides affordable, low-cost coverage for fixed periods of time. It is the simplest type of life insurance to deal with and provides a high amount of death coverage for a low initial premium amount.
Term life is often well suited for young families or businesses that have a substantial need for insurance protection, but may lack the resources to pay for it. Term coverage can be integrated with Whole Life, Universal Life or other investments to maximize long-term coverage needs as well. Contact Mark or Linda for more information.
Whole life or permanent insurance pays a death benefit whenever you die - no matter how long you live! There are three major types of whole life insurance - traditional whole life, universal life, and variable life.
Each of these types of policies has benefits that may fit your needs, especially if you anticipate heavy estate taxes, want to build a cash value saving plan into your insurance policy investment, or have legacy needs suited to one of these three types of permanent life insurance coverage.
Here is a limited, general overview of each type of Whole Life policy available. Mark Rogerson will be happy to guide you through the process of determining how these types of policies may fit - or not fit - your needs.
Whole life is the most common type of permanent insurance policy. It offers you death benefit along with a savings account, referred to as “cash value.” If you pick this type of life insurance policy, you are agreeing to pay a certain amount in premiums on a regular basis for a specific death benefit. The cash value would grow based on dividends paid by the company.
Universal life offers you more flexibility than whole life insurance. You may be able to increase the death benefit, if you pass a medical examination, years after you have taken out the policy. Your cash value account generally earns a money market rate of interest. After money has accumulated in your account, you may have the option of altering your premium payments if you need to do that.
This policy combines death protection with a savings account that you can invest in stocks, bonds and money market mutual funds. The value of your policy may grow more quickly, but you also have more risk. If your investments do not perform well, your cash value and death benefit may decrease. Some policies, however, guarantee that your death benefit will not fall below a minimum level.
Annuities are a unique financial product that, along with Social Security, employer pensions, your 401(k) plan, IRA and other assets, can enhance your retirement security.
In general, annuities can be set up with one or more of the following features that may make them an attractive investment for you:
- Tax deferral on investment earnings.
- Protection from creditors
- A variety of investment options, including “floors”
- Tax-free transfers among investment options
- Lifetime income
- Benefits to your heirs
If you’re considering an annuity investment, contact Mark Rogerson. He will help you understand and evaluate available options, and make the best decision for your needs.