Health & Financial Services
 If you're one of the many who are not insured or under-insured, then
an individual and family health insurance plan may be the answer to
your health insurance needs.
Individual and family health insurance is health coverage specifically
tailored to those not covered by employer groups or organizations. A
broad selection of individual and family health insurance plans is available.
Less expensive plans may provide coverage in case of a major accident
or illness, while other plans may provide comprehensive coverage for
all your healthcare needs.
Dental Insurance
Dental Insurance is available to individuals and families
that are not covered on group dental insurance. For people
without dental insurance, cost often stands in the way
of getting the care they need to maintain the health
of their teeth and gums. Even for routine preventive
care, a trip to the dentist's office could mean a substantial
amount of money out of your pocket.
A freedom-of-choice plan allows you to see any dentist
you wish. However, this plan does impose 6- to 12-month
waiting periods for some services. This is not the best
plan for an individual who needs comprehensive coverage
within the first 12 months. However, if dental coverage
is desired for a long period of time, and there is no
rush to receive the major benefits, this plan may work
for you.
Flexible Spending Accounts (FSA)
Employees' needs are as varied as their lifestyles,
and benefit programs need to be flexible to accommodate
those differences. At Heritage Insurance House, we not only recognize,
but welcome this diversity.
There are two FSA options. A Health Care FSA is an alternate
way of paying your share of your health care costs. In
the same manner, a Dependent/Child Care FSA reimburses
you for expenses for dependents and childcare which are
necessary to allow you and your spouse to work.
When you create an FSA, you choose to have a specific
amount of your annual salary withheld from your paycheck
and deposited to your FSA. These withholdings are on
a pre-tax basis.
Flexible Spending Accounts (FSA's) are benefit options
designed to increase your disposable income by reducing
the amount of taxes you pay. An FSA enables you to use
pretax dollars to pay for qualified health care expenses
which are not reimbursed under any health care plan or
insurance plan, and for qualified dependent/child care
expenses.
Group Health
At Heritage Insurance House, we are committed to health insurance
for both our commercial customers, who need group coverage
for their employees, as well as the individual or family
that needs coverage.
With the changing face of health insurance in today's
market, we at Heritage Insurance House are staying abreast of
the latest developments that will affect the coverage
you expect as well as the cost impact upon you.
We have the best health insurance markets available
in our area, and we will always present to our customers
the best options at the best price available.
Get a Group
Health Insurance Quote
Group Life
Life insurance is an integral part of most employee
benefits packages. When provided by an employer, employees
appreciate the value of life coverage and the additional
security it provides to their families.
Employers have a wide variety of optional plan designs
to customize a Group Life plan. Optional coverages include
Voluntary Life insurance, Supplemental Life coverage,
Accidental Death and Dismemberment policies, and Dependent
Life insurance. The premium paid for Group Life is generally
a business deduction, and this stand-alone contract is
usually less expensive than the life coverage provided
with medical insurance.
Get a Group
Life Insurance Quote
Group Long-Term Care (LTC)
Long-Term Care is the type of care received either
at home or in a facility, when someone needs assistance
with activities of daily living, such as bathing and
dressing due to an accident, an illness or advancing
age.
Rising life expectancy means that the potential need
for "long-term care" grows with every passing
year of your life. The likelihood is that you or a member
of your family will need long-term assistance due to
a prolonged illness, a disability, or general deterioration
of your health and ability to perform routine daily activities.
Most long term care expenses are not covered by Social
Security or Medicare, Medicare Supplement ("Medigap"),
or private health insurance. Medicaid pays for nearly
half of all nursing home care, but you must meet federal
poverty guidelines and may have to "spend down" most
of your assets on health care.
Group Long-Term Disability (LTD)
In the event that an accident or illness prevents an
employee from working for an extended period of time,
the financial impact can be severe for the employee and
employers. Long Term Disability (LTD) protection is designed
to help cover the employee's expenses while their regular
income is interrupted. Flexible plan design options and
benefit alternatives are available to meet specific needs.
This valuable protection is available with low-cost,
tax-deductible premiums.
Get a Group
Disability Insurance Quote
Group Vision
A Group Vision plan is especially
attractive for employers because it is inexpensive to
offer, yet it's another employee favorite. This is a
separate plan that provides coverage for eye exams and/or
for frames, lenses and contact lenses. Many times the
basic health plan may provide for routine eye examinations.
However, it will usually not provide any benefit for
frames, lenses or contact lenses; this is where a separate
group vision benefit would be used.
Health Savings Accounts (HSA)
An HSA is a form of health insurance coverage that includes
two parts:
- A tax-exempt personal savings account to be used
for qualified medical expenses.
- A health plan with a high deductible (e.g., $1,000
for an individual or $2,000 for a family).
Account funds are used to cover medical expenses before
the plan
deductible has been met. Unspent account balances accumulate
and accrue interest from year-to-year. Once the health
plan’s annual deductible has been met, coverage
resembles conventional insurance, typically in the form
of a preferred provider organization (PPO) with little-to-no
cost sharing for in-network services, and limits on total
out-of-pocket costs.
An HSA account is much like an Individual Retirement
Account (IRA), except that deposits and qualified withdrawals
are tax-exempt. Individuals and their employers may deposit
money into the HSA up to an annual dollar limit, with
extra catch-up contributions allowed for those age 55
to 65. Account balances can be used to pay for a wide
range of medical expenses — including some ordinarily
not covered by insurance — as well as some insurance
premiums. HSA funds also can be used to pay medical expenses
of family members not covered by the high-deductible
plan. After reaching age 65, you may use HSA funds to
augment regular income by paying ordinary income tax
on withdrawals for any non-medical expenses.
Like IRAs, HSA funds can be invested in stocks, bonds,
and mutual funds. Since you own the account, it is fully
portable regardless of any job changes.
Key Person Coverage
Your key employees are your most valuable business asset.
Their skill, knowledge and experience are your real profit
makers. Without them, the success and growth of your
business could be in jeopardy. Key employee insurance
is designed to protect your business from the adversities
associated with the loss of a key employee, manager or
executive. The death or disability of a key employee
could result in a substantial financial loss due to hiring
and training a replacement, lost sales, and/or slowed
production.
Individual Disability
Individual Disability Income Protection is a must for
a business owner, and highly recommended for executives.
If you are a business owner, you should consider purchasing
both group and individual policies, if possible. As an
executive, you should be sure to obtain group coverage
if it is available. Only fourty three percent of large
companies provide group long term disability insurance.
Your chances are even less likely to get long term disability
insurance if you work for a small company. The cost of
a plan provided by your employer is usually less than
you would pay for an individual disability policy and
often you can get coverage automatically without having
to qualify medically. If your employer doesn't provide
disability insurance then you may want to consider an
individual disability policy.
Or, you may need a personal disability insurance policy
to supplement an employer group plan. Be sure to check
the group provisions carefully: How long does the group
disability insurance coverage last? How much is the benefit?
Does the disability insurance policy cover bonus and
commission income? Will the coverage continue if you
leave that employer?
A typical Individual Disability Income Protection plan
starts to pay benefits after you have been off work for
1 to 6 months, and pays benefits for several years or
until retirement age, depending on the policy.
Individual
Disability Quote Request
Individual Health
Individual health insurance programs are designed for
individuals and families who cannot obtain health insurance
through an employer. Due to the continually rising cost
of medical care, it has become more important to provide
health insurance for you and your families. Heritage
Insurance House offers health insurance programs to individuals
which offer extensive coverage as well as high-deductible
programs which are designed to protect against catastrophic
financial losses.
As an independent agency, Heritage Insurance House can provide
insurance plans from numerous health insurance companies.
With the health insurance market changing frequently,
we are always on the lookout for quality, service-oriented
insurance companies for our clients.
Individual
Health Quote Request
Individual Life
Life insurance from Heritage Insurance House can help you secure
your family's financial future by providing the funds
they need to: cover burial expenses, uninsured medical
bills, pay off your mortgage and other outstanding debts,
and maintain a comfortable standard of living.
There are a variety of life insurance policies that
we can provide. The kind of policy you choose depends
on your needs:
Term Life
Term Life Insurance is a low-cost way of providing
maximum coverage for your family. Protection is provided
for a limited number of years. The insurance expires
without value if the insured lives beyond the policy
period, usually 5 to 20 years. Other policy life periods
are available, including 1 year annual renewable term.
Term insurance premiums will not increase during the
guaranteed policy time period (term) you select. Term
Life Insurance pays a death benefit only if you die
during that term. Term insurance generally provides
the largest insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as
premiums are current, provided there are no misrepresentations
on the application. The insurance coverage terminates
if you discontinue your premium payments.
Individual
Life Quote Request
Universal Life
Universal Life is characterized by great flexibility.
Policyholders can determine the amount and frequency
of premium payments - i.e., the more you pay, the less
time you will need to pay. Your premiums cover the
insurance part also the savings or investment element
and the expense part. The stated interest on the investment
portion changes along with movement in interest rates;
moves in 1/4 % interest steps are typical as banks
and other financial institutions make similar moves.
Individual
Life Quote Request
Whole Life
Whole Life Insurance provides permanent protection
for the whole of life - from the date of policy issue
to the date of the insured's death, provided that premiums
are paid. Premiums are set at the time of policy issue
and remain level for the policy's life. Unlike term
insurance, whole life combines insurance protection
and savings or cash value which builds over time. Cash
value build-up may provide a source for living benefits,
for example, helping pay off a mortgage, or a child's
education, or cash surrender value if the policy is
ever cancelled.
Individual
Life Quote Request
Other Life Insurance
Other Life Products for estate preservation or survivorship
purposes are also available - i.e. life insurance benefits
to cover federal estate taxes.
These products are continually changing and we can provide
you with the latest information and policies available!
Individual Long-Term Care (LTC)
Long-Term Care is the type of care received either
at home or in a facility, when someone needs assistance
with activities of daily living, such as bathing and
dressing due to an accident, an illness or advancing
age.
Rising life expectancy means that the potential need
for "long-term care" grows with every passing
year of your life. The likelihood is that you or a member
of your family will need long-term assistance due to
a prolonged illness, a disability, or general deterioration
of your health and ability to perform routine daily activities.
Most long term care expenses are not covered by Social
Security or Medicare, Medicare Supplement ("Medigap"),
or private health insurance. Medicaid pays for nearly
half of all nursing home care, but you must meet federal
poverty guidelines and may have to "spend down" most
of your assets on health care.
Individual
Long-Term Care Quote Request
Short-Term Disability (STD)
A steady income is essential for most people. If an accident or illness
interrupts that income, it affects both the employee and employer. Short
Term Disability (STD) protection is designed to replace a portion of
the wages lost when a short term disability occurs. An affordable, flexible
STD plan can provide needed benefits to both the employer and employee.
|
