Health Insurance

Health Insurance can be complicated. Today's market is broken into many segments. Some are highly specialized in their coverage and others are more comprehensive. The more comprehensive and inclusive the health insurance the higher the premiums.

Although plans vary from state to state, some of the most common group health insurance options are:

Preferred Provider Organizations (PPO'S)
Managed Care

A Preferred Provider Organizations is the least restrictive type of managed care. PPOs have made arrangements for lower fees with a network of health care providers. PPOs give their policyholders a financial incentive to stay within that network.

Health Maintenance Organizations (HMO's)
Managed Care

A Health Maintenance Organization plan is the most restrictive type of managed care. Like Point-of Service and PPO's, HMO's have made arrangements for lower fees with a network of health care providers and give their policyholders a financial incentive to stay within that network.

Catastrophic Health Insurance

Catastrophic health insurance policies are intended only to pay for major hospital and medical expenses, not routine visits to the doctor's office or trips to the ER to get stitched up. A catastrophic plan would cover things like treatment in an intensive-care unit for 10 days after an auto accident or complications from a pregnancy that land you in a hospital.

Catastrophic health insurance policies typically come with a very high deductible from $500 to $15,000 and a high maximum benefit payment, such as $1, $2 or $3 million.

Life Insurance

At Insurance Centers, we know that your business is your greatest asset. If something happened to you or your key employees, would your business have the financial means to continue to thrive? What would you, your family, your employees, or your loyal customers do without the income generated by your business? There are various types of policies to consider, however there are two main issues that a simple life insurance policy can help to:

• Key person life insurance
  Key person life insurance pays benefits for the death of a crucial employee of your business. In some instances, you may be required to have key person insurance as collateral for business loans.
• Term life insurance
  Term life insurance may be used to fund personal financial objectives for retirement, to replace your family's income or to fund a buy/sell agreement in the event of your death.