Health Insurance

Health Insurance

Health insurance is a necessity if you want to be able to afford health care. The cost of medical care is consistently increasing and being able to pay your medical bills is becoming more and more difficult without a health insurance plan. The current health insurance system is quite complex and constantly changing. First Choice Insurance is here to help you find a unique policy to fit your individual family or business needs.

Individual Plan Options

Short Term Policies

Short term policies are for those who need inexpensive coverage when between jobs or after graduating from high school or college. These policies can cover an individual from 30 days to 12 months.

Major Medical Policies

Major medical policies offer substantials coverage for your medical expenses. They generally have a deductible ranging from a few hundred dollars to $15,000 dollara per calendar year. The premium for these plans will be based on your age, whether you use tobacco and the deductible you choose.

HSAs (Health Savings Accounts)

HSAs (Health Savings Accounts) are plans that pair a high deductible health plan with a tax deductible savings account. Withdrawals from the HSA are not taxable if used for qualified medical, dental or vision expenses. And if you don’t use the funds in your HSA by hte end of the year, you get to carry them over to the next year. For 2009 the maximum contribution to an HSA is $3,000 for a single individual and $5,950 for a family.

Group Plan Options

Generally we can customize a benefit plan to fit almost any group. Please contact us today to discuss your specific company’s needs.

Health Insurance

Health insurance is generally used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored insurance program, or from private insurance companies. It may be purchased on a group basis or by individual consumers. In either case, the covered groups or individuals pay premiums to help protect themselves from high or unexpected healthcare expenses.

Medicare

Medicare was first introduced in 1965 and is the largest health insurance program offered by the U.S. government, serving more than 62 million people. It is run by the Center for Medicare & Medicaid Services within the U.S. Department of Health & Human Services.

Medicare is divided into four parts: A, B, C, and D. Parts A and B are called “Original Medicare,” and cover hospital and physician costs. Part C is referred to as an “Advantage Plan” that can include extra coverages that “original Medicare” doesn’t cover. Part D is a standalone “Drug Plan.” Medicare covers U.S. citizens and legal residents who are 65 and older, those who qualify due to a disability, and those of any age with end-stage renal failure.