Group Medical, Life Dental Insurance
Group insurance is typically offered as a piece of an employer benefit package.
By purchasing coverage through a provider on a “Broker” basis for its members, the coverage costs each individual worker/member much less than if they had to purchase an individual policy. Those receiving coverage may not have to pay anything “out of pocket” for policy benefits or they may elect to have their portion of the premium payment deducted from their paycheck.
Group Disability
Southwest Insurance Brokers details relating to the following Q & A
Q: What is Group Disability Insurance?
A. Coverage of an employee group whose members receive a monthly disability income benefit, subject to a maximum amount, if illness or accident prevents a member
Q: Group Life & Disability Insurance.
A. Most group life insurance policies are yearly renewable term insurance policies. Under this type of policy, the people insured do not have to provide information
Q: What is Group Disability Insurance?
A: Group disability insurance is a type of insurance that covers people in the event tat they are unable to work because of an injury or illness.
Private/Individual Disability Insurance
An individual can protect their ability to bring home an income by purchasing a private disability plan. Disability insurance pays the insured benefits when they become sick or injured and are unable to work. There are different rtpes of disability plans available for employees to choose from. By owning a private disability plan, policy owners won’t have portability issues that are present in group disability plans.
Individual Health Insurance
Insurance against the risk of incurring medical expenses among individuals, health insurance is defined as “coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment.”
Long-term care insurance (LTC or LTCI), Long-Term Care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.
Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.
For additional information about how we can assist you with your benefits, please contact Jeff Lewis at 602-263-0777 or Request a Quote.
