It’s not just the young who think they are invincible, people of all ages think nothing will ever happen to them. The truth is, though, accidents and illness can strike at any time in life. Even something as happy as welcoming a new baby sends you to the hospital and can result in large hospital bills.
The cost of healthcare can be expensive when you’re paying out of pocket. Part of the idea behind the Affordable Care Act, otherwise known as Obamacare, is that if everyone has insurance, everyone will be able to handle the inevitable healthcare needs of life. If having health insurance isn’t enough of a motivation, the fine for not having health insurance may encourage people to get a policy.
Many Types of Health Insurance Policies
Theil Insurance group offers a variety of health insurance options to suit a range of needs.
- Individual Health Insurance – You might buy an individual health insurance policy for yourself or for your family if you don’t have access to a group policy through your employer or you are self-employed.
- Group Insurance – This type of insurance covers a group of people, such as employees of a common employer or professionals in a common group. Group coverage creates pool of people eligible to purchase insurance, which can reduce the cost of coverage as compared to individual insurance.
- Medicare Supplement – The federal Medicare program pays most medical expenses for people 65 or older, as well as individuals under the age of 65 who are receiving Social Security disability benefits. However, Medicare does not pay all expenses. A Medicare supplement policy helps pay for certain expenses not covered by Medicare.
- Long Term Care – Also known as nursing home insurance, these policies pay for skilled, intermediate and custodial care in the home, at a nursing home, in an adult day care center or at an assisted living arrangement. These policies pay out a fixed amount per day for the duration of a person’s care needs.
- Short and Long-term Disability – You never know when you might have an accident or illness that keeps you out of commission for a while. Disability insurance coverage provides for weekly or monthly benefit payments in the event that you are disabled by a covered injury or illness.
- High Deductible Plan + Health Savings Account – A high-deductible catastrophic plan with a health savings account (HSA) can cover many of your health insurance needs. High-deductible catastrophic plans will cover you if something major happens, but not necessarily if you have an office visit. An HSA is a tax-sheltered savings account in which the balance is earmarked for medical expenses, which can help you pay the deductible for your high-deductible plan.
Health insurance can be complex and costly. When seeking a health insurance policy, enlist the help of a professional insurance agent to help you consider the options.
Get a Health Insurance Quote
Thiel Insurance Group has the experience and knowledge to help you find the right policy to protect your health. Contact Thiel Insurance Group for your Health Insurance Quote and let one of our agents discuss your coverage options. Stop into our local offices in Appleton or Kimberly to get your free health insurance quote started.