Understanding Your Options

  • By interactive
  • 19 Jun, 2017

A brief look at supplemental health insurance and available plans at Winters Insurance.

Health Insurance - Quincy IL - Winters Insurance

Supplemental Health insurance coverage has been available for centuries, but many do not understand how it works and how each plan can affect the individual under care. With this being said, we're going to break down some of the different health insurance coverage programs here at Winters that are available to you (and possibly your family).

Health Insurance Coverage

There's a wide range of health insurance coverage policies you can select from that offer unique perks with each plan. Such common supplemental health insurance coverage plans are:

Short-Term Medical  

A short-term medical plan is perfect if you're in a position where you need a temporary solution in order to fill in gaps for coverage. If you're waiting for your coverage to begin after starting a job, find yourself between jobs, waiting for Medicare approval, or find yourself without health insurance, short-term medical might be the right decision for you at the moment. However, these are not intended to be utilized as a single long-term plan.

Individual Health Insurance

A health insurance plan is known for covering your injuries, illnesses, and conditions, but an individual health insurance plan allows you to select and pay for what you need. This type of insurance is an excellent choice if you're looking to safeguard yourself and your family, you understand that medical emergencies can happen at any time, or you want access to doctors with negotiated rates.

Health Savings Account 

The funds that you contribute to a health savings account will not be subjected to any federal income tax after you deposit them. If you do not spend the funds, your saved funds will roll over and accumulate. This plan will be owned by you (as opposed to a company) and you can pay for qualified medical expenses with these funds.

Medicare Supplement Policies 

A Medicare supplement policy is sold by a private company to you and is intended to help you pay the healthcare costs that basic Medicare can't cover.

Considering the health insurance plans available at your disposal, finding a plan that suits your needs shouldn't be an issue. Regardless of your situation and the coverage you need, all you need to do is explore the options and discover the plan that can cover the care you need.

Winters Insurance Blog

By interactive 07 Aug, 2017

Long-term care insurance is essential to ensuring you and your continued stability in the event on a life-changing health event, like a cardiovascular event or loss of memory. As explained by AARP , different types of long-term care insurance resident policies may cover different services, and you need to understand their key differences to make sure you have the right policy for your long-term care needs.

By interactive 06 Jul, 2017

Have you ever though of how you would support yourself in the event of an injury?  With the average worker having an almost one in four chance of being disabled before 67, the topic of disability is worthy of discussion. For example: Let's say a person who makes $50 grand a year loses ten years of work due to an injury. Ten years of work lost roughly equals out to half a million dollars (which doesn't include money spent on medical expenses). So considering the financial effects of an injury or illness, setting yourself up with disability insurance is the best way to prevent your world from turning upside down after an unforeseen circumstance. Here's a look at some of the disability insurance plans that could apply to you.

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