Buying life insurance now provides a financial safety net for your dependents later if you’re not around to take care of them. After you’re gone, your family can use the proceeds to cover funeral costs, mortgage payments, college tuition and other expenses.
There are two main types of life insurance:
Term Life Insurance is the easiest to understand and has the lowest prices. You can get term life insurance quotes online.
Permanent Insurance is more complex and tends to cost more than term, but it offers additional benefits. Whole life is the most well-known and simplest form of permanent life insurance. Other kinds of permanent life insurance include universal, variable and variable universal.
Term life insurance
Term life insurance provides coverage for a certain time period. If you have a term policy and die within the term, your beneficiaries receive the payout. The policy has no other value.
You choose the term when you buy the policy. Common terms are 10, 20 or 30 years. With most policies, the payout, called the death benefit, and the cost, or premium, stay the same throughout the term.
When you shop for term life:
-Choose a term that coincides with the years you’ll be paying the bills and want life insurance coverage in case you die early.
-Buy an amount your family would need if you were no longer there to provide for them. The payout could replace your income and help your family pay for services you perform now, such as child care.
Ideally, your family’s need for life insurance will end around the time the term expires: Your kids will be on their own, you’ll have paid off your house, and you’ll have plenty of money in savings to serve as a financial safety net.
Whole life insurance
Like all permanent life insurance policies, whole life provides lifelong coverage and includes an investment component known as the policy’s cash value. The cash value grows slowly, tax-deferred, meaning you won’t pay taxes on its gains while they’re accumulating.
You can borrow money against the account or surrender the policy for the cash. But if you don’t repay policy loans with interest, you’ll reduce your death benefit, and if you surrender the policy, you’ll no longer have coverage.
Although it’s more complicated than term life insurance, whole life is the most straightforward form of permanent life insurance. Here’s why:
-The premium remains the same for as long as you live
-The death benefit is guaranteed
-The cash value account grows at a guaranteed rate
Some whole life policies can also earn annual dividends, a portion of the insurer’s financial surplus. You can take the dividends in cash, leave them on deposit to earn interest or use them to decrease your premium, repay policy loans or buy additional coverage. Dividends are not guaranteed.
If you want to discuss options about your life insurance, we recommend speaking with an independent insurance agent like George Beach Insurance Services. We work for you the client, and not a particular big company.
The term "vision insurance" is commonly used to describe health and wellness plans designed to reduce your costs for routine preventive eye care and prescription eyewear such as eyeglasses and contact lenses. Some vision plans also offer discounts on elective vision correction surgery, such as LASIK and PRK.
You can get vision insurance in one of two ways: as a standalone plan or as combined with your dental plan.
Going to the doctor, going to the dentist—all part of taking care of your health. But going to the eye doctor? Also important! Eye exams at every age and life stage can help keep your vision strong. Many people think their eyesight is just fine, but then they get that first pair of glasses or contact lenses and the world comes into clearer view—everything from fine print to street signs.
Only Your Eye Doctor Knows for Sure
Eye diseases are common and can go unnoticed for a long time—some have no symptoms at first. A comprehensive dilated eye exam by an optometrist or ophthalmologist (eye doctor) is necessary to find eye diseases in the early stages when treatment to prevent vision loss is most effective.
During the exam, visual acuity, depth perception, eye alignment, and eye movement are tested. Eye drops are used to make your pupils larger so your eye doctor can see inside your eyes and check for signs of health problems. Your eye doctor may even spot other conditions such as high blood pressure or diabetes, sometimes before your primary care doctor does.
Vision Care Can Change Lives
Early treatment is critically important to prevent some common eye diseases from causing permanent vision loss or blindness:
-Cataracts (clouding of the lens), the leading cause of vision loss in the United States
-Diabetic retinopathy (causes damage to blood vessels in the back of the eye), the leading cause of blindness in American adults
-Glaucoma (a group of diseases that damages the optic nerve)
-Age-related macular degeneration (gradual breakdown of light-sensitive tissue in the eye)
Why get a vision insurance plan?
-Protect your eye health. Routine vision care may not be covered by your health plan.
-Save money. A vision insurance plan may reduce your out-of-pocket costs for eye care.
-Maximize benefits. Receive discounts on vision expenses like glasses or even LASIK.
-Get personalized service.
The two popular Vision Insurance Carriers in California are VSP and Humana.
If you want to discuss options about your vision insurance, we recommend speaking with an independent insurance agent like George Beach Insurance Services. We work for you the client, and not a particular big company.
HMO - Health Maintenance Organization
An HMO is a type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. It generally won't cover out-of-network care except in an emergency. An HMO may require you to live or work in its service area to be eligible for coverage. You will usually need a referral from your Primary Care Physician to see a Specialist, resulting in multiple co-pays. All healthcare services are managed in-network through your Primary Care Physician.
In California, the popular HMOs are Kaiser Permanente, Sutter Health Plus, Western Health Advantage, Health Net of California, Sharp Health Plan, LA Care, Molina Healthcare, and Valley Health Plan.
PPO - Preferred Provider Organization
A PPO is a type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers. You pay less if you use providers that belong to the plan’s network. You can use doctors, hospitals, and providers outside of the network for an additional cost. PPOs do not require you to select a Primary Care Physician. One of the benefits of a PPO is you usually can self-refer to a Specialist.
In California, the popular PPOs are Blue Shield of California, Health Net Life Insurance Company, and Oscar.
EPO - Exclusive Provider Organization
A managed care plan where services are covered only if you go to doctors, specialists, or hospitals in the plan’s network (except in an emergency). Under an EPO plan you do not choose a Primary Care Physician. You can receive care from any of the in-network doctors and self-refer to in-network specialists.
In California, the popular EPOs are Anthem Blue Cross, Health Net Life Insurance Company, and Oscar.
If you want to discuss options about your health insurance, we recommend speaking with an independent insurance agent like George Beach Insurance Services. We work for you the client, and not a particular big company.
Since the 2019 Open Enrollment Period is over, you can now enroll in or change a Health Insurance Marketplace plan only if you have a life event that qualifies you for a Special Enrollment Period.
A change in your situation — like getting married, having a baby, or losing health coverage — that can make you eligible for a Special Enrollment Period, allowing you to enroll in health insurance outside the yearly Open Enrollment Period.
There are 4 basic types of qualifying life events. (The following are examples, not a full list.)
Loss of health coverage
Changes in household
Changes in residence
Other qualifying events
Opioid use, whether for a short or long period of time, can make you susceptible to addiction and possible overdose. There are many factors that can play a role in prescription drug addiction, including your personal background and length of use, but there really is no sure way of knowing who will fall victim to opioid abuse. Whether a person acquires them legally or illegally, these drugs are to blame for the vast majority of overdose deaths in the United States. Over 115 people in the United States die daily from opioid abuse. This has turned into a national crisis affecting public health as well as social and economic welfare. The United States loses over $78.5 billion a year fighting this crisis. Unfortunately, this negative trend is showing no signs of slowing down.
How it Started
Drug companies originally assured the medical community and government that opioids would not be addictive. This contributed to physicians prescribing these drugs more often. Eventually, this led to widespread abuse of these medications before medical professionals realized they were very addictive. In the meantime, opioid misuse and overdose rates continued to steadily climb. By 2015, over 33,000 Americans died of opioid-related overdoses. In that same year, nearly 2 million Americans suffered from opioid pain reliever substance abuse, and nearly 600,000 suffered from heroin addiction. It is important to be considerate toward addicts because it is a difficult situation to deal with, and many factors are beyond the user’s control.
Medical Coverage for Addiction
You may be wondering if medical insurance covers opioid addiction treatment. Generally speaking, yes. The Mental Health Parity and Addiction Equity Act, which was passed in 2008, mandates that insurance companies provide coverage for opioid addiction that is comparable to regular medical and surgical care. The types of drugs that are covered and other specifics will vary based on your insurer and plan type. Prior to the Affordable Care Act, many people did not have health care insurance, and their addiction problems went untreated. Today, nearly 85 percent of adults have medical insurance coverage.
The United States has over 14,500 facilities that specialize in drug addiction. It is important to remember that your insurance plan may not cover every facility. Most insurance plans also cover maintenance programs for people who are recovering from addiction. These programs are designed for individuals who had severe addictions and are unable to survive without drugs even after rehabilitation. Typically, maintenance programs will prescribe medications to help these people live a drug-free life. In most cases, these drugs are very expensive, so medical coverage is essential.
Opioid addiction is a very serious problem in the United States that costs billions of dollars each year to confront. The problem started with a misunderstanding of the addictive potential of the drugs. On the bright side, the majority of people in the United States do have medical insurance to treat addiction and improve their lifestyle.
At your first appointment, you’re required to have:
The following lists will help the doctor get to know you and learn about your health care needs. While sharing personal health issues can be embarrassing, the more information you give, the better equipped the doctor will be to keep you healthy.
Before the day of your appointment, write down this information to bring with you:
With your written permission, your doctor can get a copy of your medical records from your previous doctor. The physician’s office will provide the forms for you to sign.
It’s often hard to remember what you want to ask the doctor. Here’s a list of questions to get you started:
Want to know what your health plan covers before your appointment? Send me an email (email@example.com) and I will review your policy with you. You can even text me at 209-353-2330.
If you are dealing with addiction problems, then you know how difficult an addiction can be to beat. When a person does not find the correct resources to help with his addiction, he can find himself in a constant cycle of addiction and pain. Unfortunately, there is a stigma attached to addiction and addiction recovery, so some people may want to try to quit on their own without telling anyone about their struggle. Although there have been individuals who have been able to get clean on their own, most people do need to go to some type of treatment center. Many leading doctors agree, “coupling medication with psychotherapy and support creates a solid foundation and results in a longer lasting recovery." Treatment centers can offer a person relief from the lifestyle that is keeping them in the prison of addiction.
Do Insurance Companies Cover Treatment Centers?
Since the majority of people who suffer from addiction will need some type of help from a treatment center, you may wonder how it is possible to cover the cost. These recovery experts explain, “there are many approaches to successful treatment such as: behavioral therapy, 12 step programs, motivational interviewing, contingency management, medication treatments, and even alternative methods.” Treatment centers can keep a person for weeks or even months. These centers have to be able to fund the professional staff that works at the center and the facility itself. For that reason, the cost of staying at a treatment center can be high. Instead of worrying about payment, you'd do well to get in contact with your insurance company.
The good news is that most insurance companies will cover treatment centers; there may be some stipulations on the coverage. It is possible that the insurance company will want you to only go to a treatment center that is in their network, or they won't cover the expenses. On the other hand, the insurance company may only cover you for a certain amount of days, or for a percentage of the total cost. There are still some insurances that will ask you to pay a certain amount towards the deductible and copay before they offer coverage.
Don’t Hesitate To Get Help
Regardless of the issues that may come up with insurance, the most important thing is that you get the help that you need in order to stop the addiction rollercoaster. This government agency reinforces, “You suffering is real, and it is possible to overcome it. Don’t give up on hope. It may not be simple or easy, but it will be worth it.”
It is worth the time and effort that you may have to spend when working with your insurance company to find the right treatment center. There is no price on your happiness and your livelihood, so do the initial work so that you can live a better life. Various treatment centers can give you the tools that you need to break the cycle of addiction.
If you find yourself in need of insurance, whether it be health insurance or some other kind, keep George Beach Insurance in mind! We want our clients to be happy, healthy, and safe. Get in contact with us for a free quote!
Just like adults, children often face numerous oral problems. Once you realize that your children are suffering from oral pain and other oral-related issues, you should be able to take them to an experienced dentist for examinations. The best way to ensure that you and your children are taken care of is to have the right dental insurance plan that suits you. Below are three common dental procedures done on children that just might break the bank if you don’t have insurance.
This procedure is used for children who have weak, worn out and broken teeth. Adding a crown strengthens the tooth and improves its shape. If the teeth are severely decayed, the doctor is likely to use stainless steel crowns to restore their shape and hold fillings. You can also find crowns made of porcelain. Some people prefer them because they are stronger than the rest and they look more like natural teeth. Depending on the type of crown, the cost without insurance can be between $1,000-$1,500. Also keep in mind that this procedure usually takes more than one appointment, so the bills may start to add up if you’re paying full price for each visit.
Fillings are common dental procedures performed on children who have cavities. Traditionally, dentists used fillings or dental restoratives made of porcelain and gold. However, there are modern dental fillings that can mimic and match the appearance of natural teeth. The natural colored fillings however, are typically between $90 and $300 for one to two teeth without insurance. Also, this is one procedure that putting off could do more harm than good. If you don’t have insurance and are trying to wait until you have more money, a simple cavity or two could turn into a much more serious and expensive problem.
If a particular tooth is affected by decay or your kid’s mouth if overcrowded, your dentist can recommend extraction, which is the removal of a tooth. The process depends on the severity of the child’s situation. For instance, the dentists may recommend extraction due to long and painful roots. Depending on severity, you may need an experienced dental surgeon to perform this practice, which can add $75 to $300 more to your price tag without proper coverage.
Having dental insurance could make any of the above mentioned procedures much less draining on your wallet. Additionally, if you recognize these orthodontic problems in your children early, then your likelihood is even higher that you won't have to pay for the more extensive procedures. It is advisable to take your child for teeth examination at least once per month. This will help to keep your child happy and healthy, and your wallet just a little more taken care of.
There are many insurance products out there that you can benefit from. Some of the most common that people are aware of are health insurance, car insurance, and life insurance. But there are other valuable insurance policies that you may not think about or be aware of. Here are five insurance products that you didn't know you needed.