Individual Health Care Plans

Not everyone is fortunate enough to be on a group or corporate health care plan. Fortunately, there are a number of options for individuals looking for health care coverage, disability, major medical and other options. Richardson Insurance prides itself in building relationships with a strong network of insurance carriers who provide top-notch coverage for individual plans. Contact us today to set up an appointment for an initial consultation to discuss individual medical plans available.

Individual Medical/Dental

 

One's health is one's most precious asset.  Richardson Insurance works with a variety of insurance carriers to provide our customers with an array of individual medical and dental plans to best meet their needs.  Health insurance has changed greatly over the past few years with the introduction of the Affordability Care Act (ACA) or Health Care Reform.  You cannot be declined due to any pre-existing health conditions. 

 

Today, the questions are as follows:

  • Whether or not you are in an open enrollment or special enrollment period;

  • Your birthdate;

  • Whether or not tobacco products are used;

  • If you qualify for an insurance subsidy due to your projected household income in 2016; 

  • The name of the county in which you reside;

  • What hospital or doctors you need in your network and lastly whether you or your spouse have group insurance available. 

 

After meeting with our agent, discussing deductibles, coverage options and budget concerns, he will formulate the best option for each customer based on stated needs.  Our agent writes on and off the Marketplace.  He will write your application through the Marketplace if you are entitled to receive an insurance subsidy.

It will not cost you anything extra to have a local insurance agent help you and explain your choices.

 

Click here to request an initial appointment to discuss individual medical and dental plans available through Richardson Insurance and our insurance partners. 

 
Short Term Medical

 

Short term medical insurance is needed for a variety of reasons including:

  • Coverage between school and beginning a new job

  • Coverage between jobs

  • Temporary major medical health insurance coverage for early retirees until they reach Medicare eligibility

  • Serving as a budget-friendly option to the Health Care Reform mandated “Qualified Health Plans” on the Federal, State or Federal/State Partnerships Exchanges.

 

Short term major medical health insurance plans are available for 30-365 days. Once the term period for the short term medical plan has expired, customers are eligible to purchase another plan but cannot renew the same plan.  Short Term major medical health insurance plans have limited underwriting and do not cover pre-existing conditions. They do, however, cover new health conditions that begin after the effective date.

 

Please note that short term major medical plans are not eligible for any federal or state premium subsidies. Policy holders will still be required to pay the federal fine for not having a “Qualified Health Plan” (QHP) since short term major medical plans do not include the “Essential Health Benefits” that are required to be included in a “QHP”. Although fines will be enforced for not having a “QHP,"  the total premiums will be significantly less than those covered on a “QHP” because they will be the much higher cost plans.

 

Short term plans purchased at a time that coincides with the annual open enrollment period in the new health insurance exchanges may be discontinued in order to purchase a guarantee issue major medical plan on the exchanges on a guarantee- issue basis.  

Individual Life

 

Trying to decide on the right fit of a life insurance policy can be like wading through a pile of mumbo jumbo with lots of plans available and all explained in insurance talk.

 

Richardson Insurance features the following types of life insurance: Whole Life Insurance; Term Life Insurance; Universal Life Insurance (which can have an adjustable premium); and Final Expense Life Insurance.

 

Generally speaking, Whole Life and Universal Life Insurance policies provide permanent protection for the designated dependents and builds a cash value. While Term Life Insurance is traditionally the most affordable option and provides coverage for the specified period of time. Pending options such as mortgage obligations, children in school and so forth, Term Life Insurance is a popular option with young families. Each has its own unique benefits.

 

In reviewing the plans, premiums and coverage with customers, our agent translates the insurance talk into easy to understand terms, explaining every step that's expected to insure coverage. By implementing the proper life insurance policy, customers have peace of mind in knowing they have taken care of their families.

Long Term Care

 

The Baby Boomer Generation is aging and looking toward retirement. While still active, there is a concern over who will take care of them when that time comes. Created to fill the need of those who cannot take care of themselves, Long Term Care Insurance covers several different levels of care.

 

Before benefits can be issued, Long Term Care policies require that a person not be able to perform certain Activities of Daily Living (ADL's) - which many assisted living facilities use to ascertain admission eligibility as well. Basic Self-Care Activities of Daily Living may include:

  • Bathing/Showering

  • Continence (knowing when one needs to relieve oneself)

  • Dressing

  • Eating (ability to chew and swallow)

  • Feeding Oneself

  • Functional Mobility

  • Personal Hygiene

  • Toilet Hygiene

 

Long Term Care policies usually offer three major types of care:

1. Assisted Living

2. Nursing Home

3. Home Care (including Respite, Hospice and Personal Care)

 

In 2010, some average costs for Long Term Care in the United States were:*

  • $205 per day or $6,235 per month for a semi-private room in a nursing home

  • $229 per day or $6,965 per month for a private room in a nursing home

  • $3,293 per month for care in an assisted living facility (for a one-bedroom unit)

  • $21 per hour for a home health aide

  • $19 per hour for homemaker services

  • $67 per day for services in an adult day health care center

*Source: US Department of Health and Human Services

 

Depending on the insurance policy, benefits will be paid if you are unable to perform two or three  of the ADL's.  The quality of Long Term Care policies is based on several considerations.  Our insurance agent will review the Long Term Care options, covered services, premiums and plans with each customer before making a recommendation based upon their desired plans.

 

 

 

 

Disability

 

One of the most important health insurance plans a person can hold is a Disability Policy. Also known as Disability Income Replacement Health Insurance, this policy is designed to replace one's income should he become unable to work and pay bills.

 

Becoming disabled to work can create more of a hardship on one's family than leaving them with a life insurance policy. If unable to be the main provider of income, the family will suffer financially in addition to the mounting medical bills. Disability Income Replacement Health Insurance can provide peace of mind in knowing there will always be a roof over the family's head, clothes on their backs, food in the pantry and bills are paid.

 

Questions concerning Disability Income Replacement Health Insurance for individuals, self-employed  or employer groups for their employees? Contact Richardson Insurance for an initial consultation.