Health Insurance

LONG TERM CARE: Helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

MEDICARE SUPPLEMENT: Also referred to as Medicare Part B. Part B is optional, but a monthly premium is required in order to receive this coverage. It is offered to all beneficiaries when they enroll in Part A. Medicare medical insurance helps to pay for physician services and many other medical services and supplies that are not covered by Medicare Part A.

MAJOR MEDICAL: Medical insurance that pays for more than just basic hospital coverage. In addition to hospital room charges, it will pay for drugs used, bandages, X-rays, physician fees, and other charges that are incurred while in the hospital.

MEDICARE PART D: Prescription drug plans provide insurance coverage for your prescription drugs - just like other types of insurance. If you join a Medicare Part D prescription drug plan, there will be a monthly premium ranging from only a few dollars up to over 100 dollars - depending on the benefits of your Part D plan and your state.

SHORT TERM: Health coverage for individuals and families when a temporary need arises, ie: between jobs, college graduate, in lieu of COBRA (if no pre-existing conditions), coverage during waiting period on new employer’s plan.

AFLAC: Different from Health Insurance, AFLAC insurance pays benefits direct to the policyholder for expenses due to an illness or accident. Benefits are predetermined and paid regardless of any other insurance.

DISABILITY: Insurance policy that pays benefits in the event that the policyholder becomes incapable of working.