Health Insurance Information
Protect Your Family with The Most Comprehensive Health Insurance Plans in Northern Virginia
As an individual, you’re most likely responsible not only for yourself, but also for the well-being of your family. In order to keep yourself and those you care about most healthy and happy, you’ll want to ensure that you have the proper health insurance plan that can cover your every need and keep you protected financially.
With the cost of healthcare on the rise, you can’t afford to take any chances. At All About Insurance, we offer Individual and Family Health Insurance plans to those who do not receive health benefit packages from their current employer, or are either self-employed, unemployed, or a student.
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Types of Health Insurance Available
Whether you live in Ashburn, Quantico, Dumfries, Triangle, Falls Church or anywhere in Northern Virginia, health insurance is essential for you and your family! There are two kinds of health insurance that we sell: Fee-for-Service and Managed Care. Although these plans differ, they both cover an array of medical, surgical and hospital expenses. Most cover prescription drugs and some also offer dental coverage.
· Fee-for-Service Health Insurance
These plans generally assume that the medical professional will be paid a fee for each service provided to the patient. Patients are seen by a doctor of their choice and the claim is filed by either the medical provider or the patient.
· Managed Care
More than half of all Americans have some kind of managed-care plan1. Various plans work differently and can include: health maintenance organizations (HM0s), preferred provider organizations (PPOs) and point-of-service (POS) plans. These plans provide comprehensive health services to their members and offer financial incentives to patients who use the providers in the plan.
Long Term Care - What it is and Why You Should Plan Ahead
Because of old age, mental or physical illness, or injury, some people find themselves in need of help with eating, bathing, dressing, toileting or continence, and/or transferring (e.g., getting out of a chair or out of bed). These six actions are called Activities of Daily Living–sometimes referred to as ADLs. In general, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need “long-term care.”
Long-term care isn’t a very helpful name for this type of situation because, for one thing, it might not last for a long time. Some people who need ADL services might need them only for a few months or less.
Many people think that long-term care in Northern Virginia is provided exclusively in a nursing home. It can be, but it can also be provided in an adult day care center, an assisted living facility, or at home.
Assistance with ADLs, called “custodial care,” may be provided in the same place as (and therefore is sometimes confused with) “skilled care.” Skilled care means medical, nursing, or rehabilitative services, including help taking medicine, undergoing testing (e.g. blood pressure), or other similar services. This distinction is important because generally Medicare and most private health insurance pays only for skilled care–not custodial care.
There are two types of disability policies: Short-Term Disability (STD) and Long-Term Disability (LTD):
· Short-Term Disability policies in Northern Virginia and in most other places have a waiting period of 0 to 14 days with a maximum benefit period of no longer than two years.
· Long-Term Disability policies in Northern Virginia and in most other places have a waiting period of several weeks to several months with a maximum benefit period ranging from a few years to the rest of your life.
Disability policies have two different protection features that are important to understand:
· Non-cancellable means the policy cannot be cancelled by the insurance company, except for non-payment of premiums. This gives you the right to renew the policy every year without an increase in the premium or a reduction in benefits.
· Guaranteed renewable gives you the right to renew the policy with the same benefits and not have the policy cancelled by the company. However, your insurer has the right to increase your premiums as long as it does so for all other policyholders in the same rating class as you.
In addition to the traditional disability policies, there are several options you should consider when purchasing a disability policy:
Additional Health Insurance Purchase Options
As your trusted Northern Virginia insurance company, we give you the right to buy additional insurance at a later time for an additional cost.
Coordination of benefits
The amount of benefits that you receive from your insurance company is dependent on other benefits you receive because of your disability. Your health insurance policy specifies a target amount you will receive from all the policies combined, so this policy will make up the difference not paid by other policies.
Cost of living adjustment (COLA)
The COLA increases your disability benefits over time based on the increased cost of living measured by the Consumer Price Index. You will pay a higher premium if you select the COLA.
Residual or partial disability rider
This provision allows you to return to work part-time, collect part of your salary and receive a partial disability payment if you are still partially disabled.
Return of premium
This provision requires the insurance company to refund part of your premium if no claims are made for a specific period of time declared in the policy.
Waiver of premium provision
This clause means that you do not have to pay premiums on the policy after you’re disabled for 90 days.
Find a Health Insurance Plan That’s Right For You
Without an adequate health insurance policy, if you or a family member gets injured in an accident or becomes ill, the last thing you’ll want to experience is paying for high medical costs from your own pocket.
If you’re an individual looking for coverage either for yourself or your family, you can find the perfect Individual and Family Health Insurance plan from All About Insurance, your Northern Virginia health insurance specialists. Since health insurance options vary from state to state, our experienced, health insurance specialists are available to work with your needs on an individual basis in order to assist you in creating a plan that keeps you covered.
Don’t risk your finances on expensive medical bills and services. Get the affordable protection that keeps those you care about most healthy with a comprehensive individual and family health insurance policy in Northern Virginia.
1 - Source : MANAGED CARE AND THE STATES