Health insurance has traditionally been provided by private insurers and by service associations. Health insurance organizations (HMO) and preferred provider organizations (PPO) offer alternative methods of health care coverage and financing. There are many options available based on coverage needs and many have a surprising low cost.
This coverage protects what provides these items – your
income. Most disability policies will cover your for
both short-term and long-term periods of disability by
replacing a set amount of your income if you can’t work
due to a disability.
Life insurance has a primary purpose – to replace the
loss of income due to an untimely death. For most
people, a term insurance policy that covers them to
retirement age is the most appropriate choice. These
policies are available at surprisingly low, level
premiums for terms up to 30 years. There are also
policies that guarantee the full return of the premium
if the insured is still living at the end of the term
and does not need to keep the coverage in force, in
essence providing free peace of mind.
Medicare is designed to provide basic medical coverage
to retirees and certain disabled persons. Medicare
Supplement policies are designed to help keep medical
expenses as low as possible. There are several plans to
choose from depending on the level of coverage desired.