Our Markets
As an insurance agent, you can benefit from our expertise and support in the following areas:
Offer Dental and
Vision Plans!
Our Product Portfolio
Medicare Advantage
1. Medicare Advantage Plans (MA Plans): Also known as Medicare Part C, these plans are offered by private insurance companies. Unlike Original Medicare, which is managed by the federal government, MA plans provide the same coverages as Medicare but are sold and managed by private insurers.
2. Coverage and Benefits: Medicare Advantage plans combine your Part A (hospital) and Part B (medical) benefits into one policy. They often include additional benefits such as vision, dental, hearing, and prescription drug coverage. Some plans may even cover services not included in Original Medicare, like fitness programs.
3. Cost: The average monthly premium for all Medicare Advantage plans is projected to be $18.50 in 2024. However, many enrollees don’t pay a premium for their plans. These plans are particularly beneficial for those on a limited income.
Remember that Medicare Advantage plans offer comprehensive coverage, but you’ll have to use a network of providers. Most doctors in the U.S. accept Original Medicare, so consider your options based on your healthcare needs.
Medicare Supplement
1. Purpose: Medicare Supplement Plans are designed to cover expenses that Original Medicare (Parts A and B) doesn’t fully pay for. They help fill the gaps in coverage.
2. Eligibility: To be eligible for a Medicare Supplement Insurance, you must first be enrolled in Medicare Parts A and B. You cannot buy a Medigap plan if you already have Medicaid or a Medicare Advantage Plan.
3. Standardization: Medigap plans are standardized across different insurance companies. Each plan is assigned a letter (e.g., Plan A, Plan F, etc.), and the benefits remain the same regardless of the company selling them.
4. Additional Benefits: Some Medigap plans may include extra benefits beyond what Original Medicare provides, such as coverage for vision, dental, or prescription drugs.
5. Comparison: When choosing a Medigap plan, compare the benefits offered by each type of plan. Consider factors like cost, coverage, and your specific healthcare needs.
Remember that Medigap plans work alongside Original Medicare, providing peace of mind by reducing out-of-pocket costs for covered services.
Health Insurance (ACA)
1. Purpose and Goals:
– The ACA, signed into law in 2010, expanded health insurance coverage in the U.S.
– Its primary goals were to:
– Make affordable health insurance available to more people.
– Provide subsidies (premium tax credits) to lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL).
– Expand Medicaid eligibility to cover all adults with income below 138% of the FPL.
2. Marketplaces and Medicaid Expansion:
– The ACA created Marketplaces and Medicaid expansion programs.
– These programs have enrolled millions of Americans in participating states since their implementation in 2014.
– As of February 2024, approximately 20.5 million consumers were enrolled in Marketplace plans across all states, and 18.6 million people were newly enrolled in Medicaid via the ACA’s expansion of eligibility to adults.
– In total, 45 million Americans were enrolled in coverage related to the ACA, representing a significant increase since 2014.
3. Coverage Impact:
– Marketplace enrollment continues to increase, reaching over 20 million for the 2024 plan year—a record high.
– The uninsured rate declined from 16% in 2010 (pre-ACA) to 7.7% in late 2023.
The ACA extended coverage to millions of uninsured Americans, lowered healthcare costs, improved system efficiency, and eliminated industry practices like rescission and denial of coverage due to pre-existing conditions.
Life Insurance
1. Term Life Insurance:
– Coverage Duration: Term life insurance provides coverage for a set number of years (typically 10, 15, 20, or 30 years).
– Premiums: You pay a monthly premium to maintain coverage during the chosen term.
– Death Benefit: If you pass away during the term (in a way that doesn’t violate the contract), your beneficiary receives the plan’s death benefit.
– Renewal Option: You can opt for renewal at the end of the term.
– Pros:
– Affordable premiums.
– Premiums remain fixed during the term.
– Cons:
– Doesn’t last for life.
– Renewals may lead to premium increases.
– Ideal For: Those needing affordable coverage during specific financial responsibilities (e.g., mortgage payments, raising children).
2. Whole Life Insurance (Permanent):
– Coverage Duration: Whole life insurance covers you for your entire life, as long as you pay premiums.
– Death Benefit: Fixed death benefit.
– Premiums: Fixed monthly premiums.
– Cash Value: Builds over time.
– Pros:
– Lifelong coverage.
– Cash value component.
– Cons:
– More expensive than term life.
– Ideal For: Individuals seeking lifelong protection and cash accumulation.
3. Universal Life Insurance (Permanent):
– Coverage Duration: Entire life.
– Flexibility: Premiums and death benefits are flexible.
– Cash Value: Builds over time based on market interest rates.
– Ideal For: Those who want flexibility in premium payments and death benefits.
4. Variable Universal Life Insurance (Permanent):
– Coverage Duration: Entire life.
– Flexibility: Premiums and death benefits are flexible.
– Investment Component: Cash value is invested in subaccounts chosen by the account holder.
– Ideal For: Individuals comfortable with investment risk and seeking both insurance and investment benefits.
5. Final Expense/Burial Insurance:
– Coverage Duration: Entire life.
– Fixed Premiums and Death Benefit: Provides coverage for funeral expenses.
– Ideal For: Those specifically looking to cover end-of-life expenses
Remember, the best type of life insurance depends on factors like your budget, age, health, preferences, and risk tolerance. Explore these options to find the one that aligns with your needs and circumstances.
Annuities
1. Annuities:
– Annuities are insurance contracts that provide income during retirement.
– Types:
– Fixed Annuities: Offer a guaranteed interest rate for a lump sum payment.
– Variable Annuities: Allow you to choose investments, affecting your interest rate.
– Indexed Annuities: Returns are linked to market indices (e.g., S&P 500).
– Pros:
– Tax-deferred growth for retirement savings.
– Flexibility without contribution limits like 401(k) or IRA.
– Cons:
– High fees, often close to 10% of the contract.
– Surrender charges for early withdrawals.
– Consider other retirement vehicles like an IRA.
2. Life Insurance:
– A contract between you and an insurer.
– Pays a lump sum (death benefit) to beneficiaries upon your death.
– Purpose: Financial protection for loved ones.
– Choose based on your goals:
– Annuities for longevity (live past retirement savings).
– Life insurance for inheritance and family protection.
Travel Insurance
Travel Insurance and its coverage in detail:
1. What Travel Insurance Covers:
– Medical Expenses: If you fall sick or get injured during your trip and require emergency care not covered by your regular health insurance, travel medical plans can help.
– Emergency Evacuation and Repatriation: These cover the cost of transporting you to the nearest hospital or flying you back home if necessary due to injury or illness during your trip.
– Trip Cancellation, Interruption, and Delay: If you need to cancel or cut short your trip due to illness or other unforeseen circumstances, this coverage reimburses nonrefundable reservations and extra costs incurred (e.g., lodging) due to airline delays.
– Baggage Delay or Loss: Provides compensation if your baggage is delayed or lost during your trip.
– Accidental Death and Dismemberment: Offers coverage in case of accidental death or serious injury during your travels.
2. Cost Factors:
– Trip Length: Longer trips may cost more.
– Pre-existing Medical Conditions: These can impact premiums.
– Depth of Coverage: Comprehensive plans cost more than basic ones.
– Age: Older travelers may pay higher premiums.
– Add-ons: Additional coverage options affect the price.
3. How to Obtain Travel Insurance:
– Credit Cards: Some credit cards offer travel insurance as a perk.
– Third-party Companies: You can purchase travel insurance directly from insurers.
– Comparison Sites: Use travel insurance comparison sites to explore options.
4. What to Consider:
– Evaluate Risks: Assess your specific travel risks.
– Existing Coverage: Check if you already have coverage through other means (e.g., credit cards, employer benefits).
– Obtain Quotes Online: Get quotes from different providers.
– Review Policy Details: Understand the terms and conditions.
5. When to Skip Travel Insurance:
– If you have flexible airfare and hotels.
– If you already have sufficient coverage.
– If you only book refundable activities.
Remember, travel insurance provides peace of mind, especially for expensive trips or international travel. Evaluate your needs and choose wisely for your next adventure!
Dental Insurance
Dental and Vision Insurance plans:
1. Vision Insurance:
– Importance: Vision insurance covers preventive care and treatment for your eyes.
– Benefits:
– Eye Exams: Regular eye exams are crucial for early detection of vision problems.
– Eyewear Coverage: Vision insurance helps with the cost of glasses or contact lenses.
– Lens Coatings: Some plans cover lens coatings to reduce scratching, fog, and reflections.
– Surgery: If a vision issue requires surgery, it’s typically covered.
– Not Covered: Corrective surgeries like LASIK are generally not covered by health insurance.
– Savings: The amount saved depends on the plan, but basic vision services can be costly if paid out-of-pocket¹.
2. Dental Insurance:
– Purpose: Dental insurance covers preventive dental care and treatments.
– Coverage:
– Copays, Allowances, and Deductibles: Plans have varying levels of coverage for preventive, basic, and major dental services.
– Network Availability: Many companies offer nationwide coverage.
– Types of Plans:
– Traditional: Similar to regular health plans.
– Alternative: May have different structures or networks.
– Cost: Combined dental and vision insurance should cost around $50 per month on average²³.
Remember to choose a plan based on your specific needs and budget. Regular check-ups and preventive care are essential for maintaining good dental and vision health! 👓🦷
Supplemental Ancillary Plans
1. Ancillary Benefits:
– Life Insurance: Provides a lump sum (death benefit) to beneficiaries upon the insured’s death.
– Disability Insurance: Offers income replacement if the insured becomes disabled and cannot work.
– Worksite Benefits: Enhanced ancillary benefits, including life, disability, and other coverages.
– Critical Illness Insurance: Provides funds if the insured faces a critical illness.
– Accident Insurance: Covers costs related to accidents.
– Dental and Vision Insurance: Helps with preventive care and expenses not fully covered by regular health insurance.
– Pet Insurance: Covers veterinary expenses for pets.
2. Importance:
– These benefits protect income and savings during unforeseen events like accidents, injuries, or significant illnesses.
– While claims for these benefits are less frequent than medical claims, they have a substantial impact on families’ lives.
3. Evaluation Considerations:
– Brokers should focus on benefit strength and value, not just price.
– Pay attention to contract details, as small wording changes can affect protection when needed most.
Remember to choose supplemental plans based on your needs and ensure they align with your financial goals and family’s well-being¹²³.
Training Support
Our team of seasoned professionals provides comprehensive training across all product lines. Stay informed and confident in your client interactions.
No-Cost CRM
Access our state-of-the-art Customer Relationship Management (CRM) system at no expense. Organize leads, track interactions, and streamline your workflow effortlessly.
No-Cost Quoting Tools
Make informed decisions with our powerful quoting tools. Compare rates, coverage options, and find the best solutions for your clients.
No-Cost Enrollment Tools
Simplify the enrollment process with our user-friendly tools. Submit applications seamlessly and efficiently
Training Support
Our team of seasoned professionals provides comprehensive training across all product lines. Stay informed and confident in your client interactions.
No-Cost CRM
Access our state-of-the-art Customer Relationship Management (CRM) system at no expense. Organize leads, track interactions, and streamline your workflow effortlessly.
No-Cost Quoting Tools
Make informed decisions with our powerful quoting tools. Compare rates, coverage options, and find the best solutions for your clients.
No-Cost Enrollment Tools
Simplify the enrollment process with our user-friendly tools. Submit applications seamlessly and efficiently
Cutting Edge Technology
Cutting-edge technology is essential for businesses success because it enhances efficiency, streamlines processes, enables data-driven decision-making, and fosters innovation, ultimately driving growth and competitiveness.
Incentive Rewards
We believe in incentives and rewards. Recognizing hard-work and production which benefits our producing partners. Encouraging better performance, driving quality work, fostering healthy competition, and optimizing resource allocation.
Marketing Assistance
One significant advantage of marketing Co-Op for our partners is that it allows them to pool resources, share costs, and collaborate on promotional efforts, thereby expanding their reach, increasing brand visibility, and attracting a broader client base.
Access to Leads
Access to quality leads is vital to our agent's success. Lead availability is beneficial because it encourages our agents to increases productivity, fosters efficiency and quality, and contributes to agent's profitability. It positively impact agent's businesses overall.