Ancillary Insurance

What it is: 

Critical illness insurance is a type of policy that provides a lump-sum payout if the insured is diagnosed with a serious illness such as cancer, heart attack, stroke, or organ failure. This payout can be used for medical expenses, lost income, or any other financial needs during recovery. Almost anyone can qualify, though premiums vary based on age, health, and the level of coverage chosen. Critical illness insurance differs from traditional health insurance by offering direct cash benefits instead of reimbursing medical expenses.

Riders that are available: (What are Riders - Click Here)

• Heart and Stroke Restoration Benefit Rider
• Lump Sum Cancer Rider
• Lump Sum Heart and Stroke Benefit Rider
• Specified Disease Benefit Rider -  such as Loss of Hearing, Major Organ Transplant, Paralysis, Blindness, Coma and End-Stage Renal Failure
• Hospital Indemnity Rider
• Intensive Care Unit Rider
• Hospital and Intensive Care Unit Indemnity Rider
• Return of Premium Upon Death Rider

Pro's and Con's of Critical Illness Insurance

Pros: ✔️

✔️ Provides a lump-sum payout upon diagnosis of a covered illness
✔️ Funds can be used for medical bills, lost income, or personal expenses
✔️ Helps ease financial stress during recovery
✔️ Can be combined with health or life insurance for added protection

Cons: ❌

❌ Coverage is limited to specific illnesses listed in the policy
❌ Premiums can be higher for older individuals or those with health conditions
❌ Some policies have waiting periods before benefits can be claimed
❌ Does not cover all medical conditions or minor illnesses

Carriers I offer:

I offer critical illness policies from Aetna, Cigna, Mutual of Omaha and Aflac ensuring a variety of options to fit different financial protection needs.

What it is:

Hospital indemnity insurance is a type of supplemental insurance that provides a cash payout if the insured is hospitalized. These plans help cover out-of-pocket expenses such as co-pays, deductibles, or non-medical costs like childcare or lost wages during a hospital stay. Anyone who is looking for extra financial protection for hospitalization costs can qualify, though premiums vary based on age, health, and the level of coverage chosen. Hospital indemnity insurance differs from standard health insurance by offering fixed, lump-sum payouts rather than covering medical expenses directly.

Available Riders:

• Lump Sum Caner and Recurrent Rider
• Lump Sum Heart, Stroke and Restoration Rider
• Accident Fixed Indemnity Benefit Rider
• Specified Disease Benefit Rider - such as Loss of Hearing, Major Organ Transplant, Paralysis, Blindness, Coma and End-Stage Renal Failure

Pro's and Con's of Hospital Indemnity Insurance Plans:

Pros: ✔️

✔️ Provides cash benefits for hospitalization, regardless of other insurance
✔️ Helps cover out-of-pocket expenses like co-pays and deductibles
✔️ Can be used for non-medical expenses, such as lost wages or travel costs
✔️ Flexible coverage options based on needs and budget

Cons: ❌

❌ Does not cover routine medical care or outpatient services
❌ Premiums may increase with age or health conditions
❌ Fixed benefit amounts may not cover all expenses from a long hospital stay
❌ Only provides benefits if you are hospitalized—no coverage for outpatient treatments

Carriers I offer: 

I offer hospital indemnity policies from Aetna, Cigna, Mutual of Omaha and Aflac, offering options to provide financial peace of mind in case of hospitalization.

What it is:

Cancer lump sum insurance is a type of policy that provides a one-time cash payout if the insured is diagnosed with cancer. This lump-sum benefit can be used for any expenses related to cancer treatment, including medical bills, medications, or even non-medical costs like travel or living expenses during recovery. Most people can qualify, though premiums depend on factors like age, health, and the level of coverage chosen. Cancer lump sum insurance differs from traditional health insurance by offering a direct cash payout rather than reimbursement for treatment costs. 

Riders Available:

• Cancer Recurrence Benefit Rider
• Lump Sum Heart/Stroke Rider
• Lump Sum Cancer Benefit Builder Rider
• Radiation and Chemotherapy Rider
• Specified Disease Rider - such as Loss of Hearing, Major Organ Transplant, Paralysis, Blindness, Coma and End-Stage Renal Failure
• Accident Fixed Indemnity Rider
• Hospital Indemnity Rider
• Intensive Care Unit Rider
• Hospital and Intensive Care Unit Indemnity Rider
• Return of Premium Upon Death Rider

Pro's and Con's of Cancer Lump Sum Insurance:

Pros: ✔️

✔️ Provides a one-time lump-sum payout upon a cancer diagnosis
✔️ Can be used for any cancer-related expenses, not just medical bills
✔️ Helps cover the costs of treatments not covered by standard health insurance
✔️ Flexible use of funds, including for lost wages or lifestyle adjustments

Cons: ❌

❌ Coverage is limited to cancer diagnoses only, excluding other illnesses
❌ Premiums may increase with age or health conditions
❌ Does not cover ongoing treatment costs after the lump sum is paid out
❌ May not be enough to cover all cancer-related expenses depending on policy limits

Carriers I offer:

I offer cancer lump sum policies from Cigna, along with other providers like Aetna, Mutual of Omaha and Aflac ensuring multiple options for financial protection in case of a cancer diagnosis.

What it is:

Cancer treatment insurance policies are designed to help cover the costs associated with cancer treatments, such as chemotherapy, radiation, surgeries, and medications. These policies provide benefits that can be used to offset the expenses not covered by traditional health insurance, including co-pays, deductibles, and out-of-pocket costs. Anyone can qualify for cancer treatment insurance, but premiums will vary based on factors like age, health, and the level of coverage selected. Cancer treatment insurance differs from cancer lump sum insurance, as it focuses on covering ongoing treatment costs rather than providing a one-time payout. 

Available Riders:

• Lump Sum Cancer Rider
• Lump Sum Heart/Stroke Rider
• Hospital Indemnity Rider
• Intensive Care Unit Rider
• Hospital and Intensive Care Unit Indemnity Rider
• Return of Premium Upon Death Rider

Pro's and Con's of Cancer Treatment Insurance:

Pros: ✔️

✔️ Helps cover ongoing treatment costs like chemotherapy, radiation, and medications
✔️ Provides financial relief for cancer-related expenses not covered by health insurance
✔️ Can be used alongside other health insurance plans to reduce out-of-pocket costs
✔️ Offers peace of mind during cancer treatment by covering unexpected expenses

Cons: ❌

❌ Does not provide a lump-sum payout—benefits are paid as treatment occurs
❌ Premiums may increase based on age or pre-existing health conditions
❌ Coverage limits may not fully cover all treatment expenses
❌ May not be available in all states or to individuals with certain health conditions

Carriers I offer:

Only thru Cigna

What is is:

Accident insurance is a supplemental policy that provides financial protection by paying cash benefits in the event of an accidental injury. These benefits can be used for medical expenses, hospital stays, physical therapy, or even non-medical costs like lost wages and household bills. Almost anyone can qualify, though premiums vary based on factors like age, health, and coverage level. Accident insurance differs from health insurance because it pays a direct cash benefit rather than reimbursing medical expenses, giving policyholders more flexibility in how they use the funds.

Available Riders:

• Health Screening Benefit Rider
• Parent Accident Rider

Pro's and Con's of Accident Insurance:

Pros: ✔️

✔️ Provides cash benefits for accidental injuries, regardless of other insurance
✔️ Can be used for medical or non-medical expenses like lost wages
✔️ Covers a wide range of accidents, from minor injuries to major incidents
✔️ Affordable premiums compared to other types of supplemental insurance

Cons: ❌

❌ Only covers injuries caused by accidents—not illnesses or pre-existing conditions
❌ Benefit amounts may not fully cover all medical expenses
❌ Some policies have exclusions or waiting periods for certain injuries
❌ Premiums may increase with age or high-risk activities

Carriers I offer:

Currently on Cigna

Short-Term Care Insurance: An Overview

What is Short-Term Care Insurance?

Short-Term Care Insurance is a type of insurance designed to cover the costs of care for individuals who need assistance with daily living activities for a limited period of time. Unlike long-term care insurance, which provides coverage for extended care needs, short-term care insurance typically covers care for a duration of a few months (usually 6 months to a year). This type of insurance is ideal for people who need temporary help due to an illness, injury, or recovery from surgery.

Short-term care policies often provide coverage for home care services, assisted living, or short stays in nursing homes. The idea behind this insurance is to bridge the gap between needing care and being able to return to independent living or receiving other types of long-term care.

Who Can Get Short-Term Care Insurance?

Generally, individuals between the ages of 40 and 85 are eligible to purchase short-term care insurance, though the exact age range may vary by insurance carrier. It’s important to note that eligibility can also depend on your health status at the time of purchase, as pre-existing health conditions may affect your ability to qualify for coverage.

Short-term care insurance is particularly beneficial for people who:

• Are concerned about the cost of home care or assisted living but don’t require long-term care.
• Want a temporary solution for post-surgery or illness recovery.
• Have health insurance but don’t have adequate coverage for long-term or home care.
• Are planning for potential future needs, such as recovery from a health issue or aging.

What Does Short-Term Care Insurance Cover?

Short-term care insurance can cover a wide range of services, including:

1. Home Care: Assistance with daily activities like bathing, dressing, meal preparation, medication reminders, and personal hygiene. This care is typically provided by home health aides or nursing assistants.
2. Nursing Home Care: Short stays in a nursing home for recovery or rehabilitation.
3. Assisted Living: Coverage for stays in an assisted living facility that helps with activities like meal preparation, medication management, and light housekeeping.
4. Skilled Nursing Care: Short-term, skilled nursing care for individuals recovering from surgery, injury, or illness.

Average Cost of Short-Term Care Insurance

The cost of short-term care insurance can vary depending on factors such as age, health, location, and the amount of coverage you choose. On average, premiums can range from $30 to $150 per month for an individual in their 50s. However, the exact cost will depend on your specific needs and the policy details, such as the daily benefit amount, waiting period, and coverage duration.

Pros of Short-Term Care Insurance:

1. Affordability: Short-term care insurance is generally more affordable than long-term care insurance, making it a practical option for those who need temporary care.
2. Home Care Coverage: Many policies provide coverage for home care, which allows you to receive care in the comfort of your own home rather than in a facility.
3. Flexibility: Short-term care insurance offers flexibility in terms of how long you receive care, typically ranging from a few months to a year.
4. Bridge Between Health Insurance and Long-Term Care: It helps fill the gap if your regular health insurance doesn’t cover non-medical care like personal assistance or rehabilitation after surgery.

Cons of Short-Term Care Insurance:

1. Limited Coverage Duration: Coverage is generally for a shorter period, which may not be sufficient for individuals who need ongoing care.
2. Eligibility Restrictions: Pre-existing conditions may prevent you from qualifying for coverage, or they may increase your premiums.
3. Lower Benefits Than Long-Term Care Insurance: The benefits of short-term care insurance may not be as comprehensive as those offered by long-term care insurance, especially for extended stays in nursing homes or extensive care needs.

Carriers I Offer: Cigna and Mutual of Omaha

I work with top-rated carriers, including Cigna and Mutual of Omaha, to offer short-term care insurance policies tailored to your needs:

• Cigna: Known for its robust insurance products, Cigna offers flexible short-term care insurance options, with the ability to customize coverage and benefits to suit your financial and care needs.
• Mutual of Omaha: Mutual of Omaha provides comprehensive short-term care insurance policies, offering a variety of plans that include home care and other services. They are a trusted provider with a long history of offering reliable coverage for short-term care needs.

By working with these trusted carriers, you can ensure that you’re getting a policy that meets your needs and provides the necessary support when you require it the most.