The Co Insurance Question?

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Co Insurance

Dentist

 

Every day I speak to people about their Health Insurance. They rarely know what their Deductible is, and almost always they do not have a clue what their Co Insurance is. This is a major problem because having the wrong Co Insurance could make you liable for a whole lot of charges. Comrade Financial Group will always recommend a 0% Co Insurance for all plans we offer Individuals and Families.

What is Co Insurance?

 

Your Co Insurance is above and beyond what you would pay after your deductible is met. So you tell me that you have a $1500.00 deductible! That is great, but your co insurance is 20%. So lets just say that you incur medical bills in the amount of $15K. You would pay your deductible of $1500, then 20% of the remaining $13,500. Some carriers don’t have Co insurance lower than 40%!

Make sure that your Health Insurance plan has a 0% Co Insurance!

Jack Fleming – Insurance Broker

All about Life Insurance

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All about Life Insurance

Comrade Financial Group can offer you quotes in all 50 States for Term Life Insurance. All you have to do is go to the Term Life Quote section and fill in your information and it is that simple. You can obtain the quote for 10,15,20,30 or even longer. Term Insurance is the purest form of Insurance. You, the insured will pay a premium and the Insurance company will provide a death benefit. The older you get, the more expensive it is. So if you are in your 20’s or 30’s, that is the best time to get a 20 or 30 yr term policy. If you are single, then list your parents as beneficiaries. When you get married and have children, then you can change it with a simple form. There are many types of Life Insurance but Term is the cheapest and purest form of Insurance. Many will tell you that it meant a world of difference because a deceased person took the time and effort to get adequate Term coverage. Think about the people that will miss you when you are gone and those are the ones that will share the burden and cost that Life Insurance is there to absorb. Take the time and get a free quote. Thank You

 

Jack Fleming Insurance Broker

All about Disability Insurance!

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All about Disability Insurance 

Individual Disability Insurance is a great idea.  It is Insurance designed to replace anywhere from 40-60% of your gross income on a tax-free basis should you become Sick or Ill and keeps you from earning an income. All policies are different and it is very detailed so you can’t really shop online for it. You have to contact an Insurance Broker to find out exactly what you need and expect from the policy. If you work in an office, your premiums will most likely be lower than an Iron worker and vise versa. There is Own Occupation which is the most comprehensive you can get. There are other policies like Income Replacement and Gainful Occupation that pay less but that is the best reason to call someone and discuss your options. No one expects to become Disabled, but it happens and there is Insurance for it. You can also use riders to Life Insurance policies and Annuity contracts that can accomplish the same coverage.

Jack Fleming – Ins. Broker


Single-Payer Health Care

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Vermont Becomes First State to Pass Single-Payer Health Care – National – The Atlantic Wire

Great article about what Vermont is doing to help its
citizens have Affordable Health Care and help start a
National trend. There are many many programs that are
out there for review and each plan works differently so
the big question is, Will it work? We will follow these
developments and report in the future about Vermont’s
legislation. When I was in the Military and went to other
countries, you could actually walk into a Pharmacy and
tell your symptoms and walk out with medicine. The
whole population paid what equals to 10% of their annual
income for Healthcare. It didn’t really matter whether you
were rich or poor, you had Healthcare that was available
to you. Of course, that country was not populated with
the Worlds highest Obese population. Also most of the
citizens did eat healthy and were happy. I am really
concerned about the future of Healthcare in the US due
to the big Corporations taking over Hospitals and on
the other hand, Insurance Companies. There is still
instances of the term Medical Bankruptcy that is always
out there and some of us know people this has happened
to, so please folks, Get Healthcare and take care of
yourself. By the way, I also like Maple Syrup!!

Jack Fleming Ins. Broker

Individual vs. Group Health Plans

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                  Individual vs. Group Health Plans

There are first some basic fundamentals about insurance.
The first one is that Insurance is by definition the method
of reduction of risk by spreading the risk to many people.
There is a law of large numbers that is applicable for any
Insurance to work. The Insurance companies use mortality
tables and actuaries keep detailed data on Health trends as
well as Life expectancy. So therefore If you are one person
looking for specific type of Insurance, then you might have
a very high premium. However if you are just like or very
similar to a large group of people seeking Insurance for
a common thing like Life Insurance, then your premiums
will be lower. Health Insurance is based mostly on Family
history and risks that are known, either by you answering
a question on the application, or from past Dr. visits and
past medical history. So if 7 people from your family have
all passed away from Heart Disease, then expect your
premiums to be higher. The most important thing with
any Insurance policy is to have a great agent. You can find
one at Comrade Financial Group. Then once you get a
policy, read, read, read and then ask plenty of questions.
Just remember that no question is a stupid questions. It’s
your Life, It’s your Health so step up and educate yourself.
Thanks again for supporting my agency and my blog and I
will be happy to answer any questions that come my way.
Jack Fleming Ins. Broker

Grand Opening for Comrade Financial Group

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logo

Jack Fleming is proud to announce the grand opening

of Comrade Financial Group. Choosing a business name

is really pretty difficult. After you type in hundreds of

names and finally find one that’s not taken, then you have

to look up every conceivable definition of that name.

I chose Comrade Financial Group for many reasons.

First Comrade is defined as friend or ally in over 60

different languages. As a Veteran of the U.S. Army

having served in the Gulf War during Desert Shield

and Desert Storm of 1991, I know what a comrade is.

My fellow Paratroopers in the 82nd Airborne Division

helped me learn and live by the rules of Honor,

Dedication, Hard Work and always moving forward.

I have applied these same principles to my agency of

helping those that would other wise not have a full

understanding of the Insurance world. We all know we

need insurance, but what is the best product for you

and your needs at any specific time in your life? That’s

why I have started my agency to help clients understand

the big picture. I will be here for you and your needs.

Also a great big Thank You to all of my friend and family

that have helped me achieve my dream. I look forward to

serving you and your family’s needs.

Jack Fleming