Group Health Insurance
If you own or belong to a business or organization, you may qualify for a group health insurance plan. Group health insurance offers numerous benefits, including providing essential medical coverage for you and your employees. By pooling risk across all members, group health insurance generally results in lower premiums and broader coverage. In addition to the cost savings, group health insurance offers valuable tax advantages. Employer contributions to small business health insurance plans are typically 100% tax-deductible, while employees benefit from payroll tax savings.
Individual Major Medical Insurance
Whether you're seeking a comprehensive insurance plan, basic coverage, or something in between, we have a variety of options tailored to individuals. Our plans come with different deductibles, coinsurance, and copayments. Generally, the higher your deductible or coinsurance, the lower your monthly premiums. Explore our flexible individual health plans and find one that suits your needs and budget.
Medicare and Medicare Supplement Insurance
Medicare is widely recognized as a vital program for seniors, but it does not cover all healthcare expenses. For those who need additional coverage, Medicare Supplement Insurance is designed to fill in the gaps. This plan helps pay for expenses that Medicare doesn’t, alleviating financial strain during retirement. When combined with Medicare, Medicare Supplement Insurance provides comprehensive health coverage. At Advanced Personal Finance, we offer a range of flexible plans to match your unique needs and budget.
MEDICARE is a federal health insurance program primarily for people aged 65 or older, but it also covers younger individuals with certain disabilities or conditions like end-stage renal disease (ESRD). It’s essential for many seniors, but it doesn’t cover everything, which is why additional coverage might be necessary.
Here’s a quick breakdown of the different parts of Medicare:
- Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facility care, hospice, and some home health care services.
- Part B (Medical Insurance): Covers outpatient services, doctor visits, certain preventive services, and some other medically necessary services not covered by Part A.
- Part C (Medicare Advantage): A private insurance plan that combines both Part A and Part B coverage. It may also include extra benefits like vision, dental, and prescription drug coverage.
- Part D (Prescription Drug Coverage): Helps cover the cost of prescription medications.
For those with Medicare, a Medicare Supplement Insurance (also known as Medigap) policy can be added to cover additional costs like copayments, coinsurance, and deductibles, which aren’t covered by Original Medicare (Parts A and B).