Medical Insurance.
Medical Insurance is necessary today with the soaring costs of medical attention. One of the leading causes of bankruptcy in America is because of unpaid medical bills causing people to owe entirely too much. This is where either core medical insurance or supplemental medical insurance steps in to help take care of people when they most need help. The point of insurance is not to become rich after a claim, but to be restored to the initial position or to be indemnified. This is why an insurance payout is called an indemnity. Another way that people experience medical bankruptcy is by trying to meet deductibles all year, and not quite making it by Dec, 31 at midnight. Then all the amount they had already paid resets back to zero. This continual need to pay the deductible and not having money for other bills is what drives people to the poor house more than almost any other cause.
There are two main types of medical insurance; major medical, and supplemental. Major medical insurance is something that is typically offered through a state-sponsored program such as Blue Cross & Blue Shield, Medicare, or Medicaid. There are several holes in the coverage of major medical. Such as Medicare Part A does not cover the first three pints of blood that is drawn, and one is required to have a Medicare Part A Rider added to have the first three pints covered at a reasonable cost. This means that Medicare would only pay a certain amount which may be less than the hospital charges for the blood leaving money still owed. This money would then become your deductible portion. The main march of supplementals is to provide income protection that will allow individuals to not become bankrupt in the event of a medical problem.
Supplemental policies are offered through Colonial Life as a voluntary benefit that employers can offer to their employees.
Dental
Dental Policies are great alternatives for employers to purchase, and offer to their employees. These policies are often quite affordable most cases being priced very affordably. The number one benefit that employees ask their employers for is dental insurance of various types. This can be used as a way to increase retention within the firm as well as have the employees feel more content with their jobs than they did before. The increase in business costs most times equates to an $0.11 raise across the board for employees.
Vision
Vision insurance is a rider that is attached to a Dental policy. This is one of the reasons that Colonial Life's vision rider and dental insurance as a combination makes taking care of our eyes easy, and affordable. The easiness of the policies comes from the number of providers that accept Colonial Life as an insurance carrier. Also, the affordability comes from how these plans are designed to be riders to Dental insurance making a single policy normally between $4 and $15 normally. There are certain times when there may be a slightly higher premium. Please follow the button below to find a bit more information. About Colonial Life vision riders.
Disability
Disability insurance is designed to allow people to be able to meet the monthly obligations that we all have. These can include but are not limited to: mortgages, telephone bills, utility bills, gasoline, and even food. Many people look at these expenses as the things that are needed for our daily lives. When an injury, or illness happens individuals often find themselves struggling to pay the bills that can occur during times away from work. It is having a strong Colonial Life on-and-off job site disability policy that can really make it so people can meet their monthly bills.
Critical Illness
Critical Illness insurance is the package that covers the ‘big-3’ being a heart attack, cancer, and stroke. While Colonial Life does offer Cancer insurance as a stand-alone product there are riders within critical illness packages that contain cancer policies. By clicking the button below you will be taken to the critical illness main page which offers a more complete explanation of the package as a whole, as well as available riders.
What really makes these policies shine is how the available cash-pay-outs, and types of health events that are covered through these products are second to none.
Cancer
Cancer insurance is designed to help with paying the bills that can be associated with having cancer. There are some exclusions, and for more information about them, the button below may be clicked. Nearly one in three people will get cancer at some point in their lives. The medical bills that are associated with cancer can grow very quickly. That is the reason that having a strong policy in place is a good idea for most people.
Accident Policies
Accident policies are designed to allow individuals the ability to live their lives with less worry about having something happen to them that would cause them to miss work. The missing work would then cause them to potentially miss pay. The missed payment could lead to financial hardships at home. The financial hardships at home are what 66% of Americans fear most since the start of the pandemic. Many times by adding a Colonial Life accident policy the cash-payout of the accident policy can be used to meet the core-major-medial deducibles that quite a few people otherwise have a hard time meeting.
Accidental Death and Dismemberment (AD&D)
Accidental Death and Dismemberment (AD&D) insurance does exactly as it sounds like it would. In the event that a catastrophic event should happen a cash payout can be issued directly to the insured, and in the case of the death of a named beneficiary. The cash payout from these policies can also be used to access core-major-medical insurance easier than if there was not a cash payout. For more information about AD&D insurance please click the link below to be brought to the main informational page.