Medicare is one aspect of the health insurance industry that can be quite challenging and at times, hard to understand. Stream Benefits group in the Kirkwood, St. Louis area can help you sift through the many aspects of Medicare health insurance.
Medicare is a Federal health insurance program that has been designed to assist the elderly and certain disabled Americans. It will normally pay for hospital and medical care costs. There are two main parts; Medicare Part A and Medicare Part B. In addition, there are two additional parts that can provide more flexibility and cover some of the cost associated with prescription drugs. These are referred to as Part C and Part D.
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Group Medical Insurance
Medical insurance today is ever-changing and sometimes can be quite confusing. Purchasing a group medical insurance plan for your company has different rules than if you were purchasing for an individual. Therefore it is important to have someone who is an expert in group medical insurance to help guide you through the industry standards.
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Group Dental Insurance
Along with providing Group Medical coverage for employees, including a group dental insurance plan has become a generous perk for employees. Many employers in the St. Louis and Kirkwood area have decided to make group dental insurance a priority.
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Group Disability Insurance
Group disability insurance provides coverage for either short term or long term disability. This type of coverage is of great value for the employer as well as the employee. As a company, your employees are your most valuable asset. Of course, you want to offer them the best coverage you can. Group disability insurance will provide for their income, usually a percentage of their regular wage, if the employee becomes disabled and cannot perform his regular duties.
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Voluntary Supplemental Products
Offering voluntary supplemental products has become a way for many companies to stay ahead of today’s insurance needs. Some companies have had to consider lowering costs by cutting some employee medical coverage options because of how expensive they have become.
One way to off-set this is to look for alternative solutions. Voluntary Supplemental Products can also be referred to as Worksite Marketing Products. These are additional benefits that the employer can offer to the employee, in which there is a discount but the employee pays 100% of the cost.
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Individual Medical Insurance
Individual medical health insurance plans are available for individuals who do not have coverage offered through an employer. There are certain situations where you would just not qualify to have a group medical plan. If you are self-employed, in-between jobs, just graduated from college, you only work part time, or your employer doesn’t offer group coverage are some of the reasons why you might need an individual medical insurance plan.
Stream Benefits Group will help you sort through all of the sometimes overwhelming options available through individual medical insurance plans. Servicing the St. Louis and Kirkwood area and with over 32 years experience in the insurance industry, we understand how confusing it can be.
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Individual Life Insurance
Our families are important to us. Individual life insurance provides peace of mind for an individual and their family. None of us plan to have an unexpected life event, but we can plan for protection of our assets through individual life insurance.
There are various types of individual life insurance policies. Some of the better known ones are whole life and term life. Term life policies have become more popular in recent years.
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Long Term Care Insurance
Long term care insurance coverage is different from traditional health insurance. Long term care is designed to cover long term services and support when a person is aged or not able to take care of certain day to day functions. Long term care insurance can reimburse policyholders for services assisting with daily activities, such as bathing, dressing, and eating.
Many people wonder if they really even need long term care insurance. There are many options to consider. Family members or friends may be willing to provide for some of your care as you age, but is that something you want to rely on? It can take a toll emotionally and financially, and can drain precious assets. Most people do not want to even think about going into a nursing home. With long term care coverage, it can provide a measure of peace of mind when you need it the most. Long term care insurance can cover in-home care, residential care facilities, and full-time care depending on the type of coverage you decide upon.
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