Insurance Options

In 2019, about 92% of Americans had health insurance. However, life’s unexpected changes might require you to modify your health plan to better suit your needs. The good news? You don't have to wait for the Open Enrollment Period. Various qualifying life events allow you to adjust your health insurance at any time.

We offer several types of health insurance plans to meet your needs:

Affordable Care Act (ACA) or Marketplace Plans: These comprehensive plans cover a wide range of services, including preventative care, emergency services, and prescription drugs. They are available through the Health Insurance Marketplace and often come with subsidies to help lower costs based on your income.

Short-Term Health Insurance: Designed as a temporary solution, short-term health insurance offers coverage for a limited period, typically up to 12 months. It’s ideal if you’re in between jobs or waiting for another insurance plan to begin. However, these plans may not cover pre-existing conditions or provide all the benefits of an ACA plan.

Fixed Benefit Plans: These plans pay a set amount for specific medical services, regardless of the actual cost of care. They are usually more affordable and can help cover out-of-pocket expenses, but they might not offer as comprehensive coverage as other plans.

Health Sharing/Medishare: These programs are not traditional insurance but involve a group of people who share medical expenses. Members pay a monthly share, which goes towards covering the eligible medical bills of other members. These plans often have faith-based components and can be more flexible, but they may have restrictions on pre-existing conditions and coverage for certain types of care.

Remember, you don't have to navigate these options alone. We're here to help you find the best plan that fits your needs and circumstances. Contact us today for a free consultation!

Group health benefits encompass a range of medical insurance offerings provided by employers or employee organizations to their employees and families. These benefits can extend beyond basic medical coverage to include dental, vision, short-term and long-term disability, and life insurance. At Peterson Insurance Solutions, we specialize in tailored insurance packages that meet the specific needs of businesses, whether small teams or large corporations with up to 1,000 employees.

We are dedicated to guiding businesses towards comprehensive insurance solutions. We assist in setting up tax-efficient plans that benefit both employers and employees, aiding in financial planning and retirement savings. Our services alleviate administrative burdens and enhance employee satisfaction through personalized benefits that contribute to higher retention rates.

Our offerings include:

Health Insurance: Comprehensive coverage for medical expenses, ensuring your employees have access to essential healthcare services.

Dental and Vision Insurance: Additional coverage options to support overall health and wellness.

Life Insurance: Provides financial protection to employees' families in the event of death.

Short-Term and Long-Term Disability Insurance: Income replacement during periods of disability due to illness or injury.

Accident and Critical Illness Insurance: Supplemental coverage for unexpected medical events.

We also provide information on COBRA:

COBRA (Consolidated Omnibus Budget Reconciliation Act): Allows eligible employees and their dependents to continue health insurance coverage after experiencing a qualifying event such as job loss or reduction in hours. COBRA applies to groups of 20 or more employees and can extend coverage for up to 18 months, or longer in certain circumstances like a spouse aging into Medicare.

Mini-COBRA or State Continuation: Similar to COBRA but applies to smaller groups (fewer than 20 employees), providing a temporary continuation of coverage to bridge the gap until new coverage is obtained. This ensures continuity of care for ongoing medical treatments.

Whether you're a small startup or a large corporation, Peterson Insurance Solutions is committed to delivering comprehensive group benefits that enhance employee well-being and support organizational growth. Contact us today to explore how we can customize a plan to meet your company's unique needs and objectives.

At Peterson Insurance Solutions, we offer a range of life insurance options tailored to meet your financial security needs:

Term Life Insurance: Provides coverage for a specific period (term) of time, offering a straightforward and affordable way to protect against the financial impact of premature death. Premiums are typically fixed for the duration of the term, which can range from 10 to 30 years.

Whole Life Insurance: Offers lifetime coverage with a guaranteed death benefit, along with a cash value component that grows tax-deferred over time. Whole life policies also provide the opportunity to access cash value through policy loans or withdrawals.

Universal Life Insurance: Combines a death benefit with a savings component that earns interest at current market rates. Universal life policies offer flexibility in premium payments and death benefits, allowing policyholders to adjust coverage and premium payments based on their financial situation and needs.

Final Expense Insurance (Coming Soon): Designed to cover the costs associated with funeral expenses, medical bills, and other end-of-life expenses. Final expense insurance provides peace of mind by ensuring your loved ones are not burdened with financial obligations during a difficult time.

At Peterson Insurance Solutions, we will assist you in selecting the ideal life insurance plan to safeguard your family’s future. Whether you seek affordable coverage for a set term or lifelong financial security, we tailor policies to match your distinct needs and financial aspirations.

Contact us today to learn more about our life insurance options and how we can assist you in securing your family's financial future with peace of mind.

Medicare is a vital federal health insurance program offering coverage to U.S. citizens and eligible permanent residents aged 65 and older, or those with certain qualifying disabilities like End-Stage Renal Disease (ESRD) or Amyotrophic Lateral Sclerosis (ALS). Residency requirements stipulate a minimum of five consecutive years as a legal resident.

Parts of Medicare:

Medicare Part A (Hospital Insurance): Covers inpatient hospital stays, skilled nursing facility care, hospice care, and some home health care services.

Medicare Part B (Medical Insurance): Includes coverage for services from doctors and other healthcare providers, outpatient care, durable medical equipment, and preventive services.

Medicare Part C (Medicare Advantage): Provided by private insurance companies approved by Medicare, Part C includes all benefits from Parts A and B, often with additional coverage options like prescription drugs (Part D).

Medicare Part D (Prescription Drug Coverage): Offers prescription drug coverage through private insurance plans that contract with Medicare.

Enrollment Process:

While Medicare Part A enrollment is automatic for most at age 65, Medicare Part B typically requires active enrollment, especially for those not receiving Social Security benefits. Understanding initial enrollment periods and special enrollment opportunities is crucial to avoid penalties and ensure timely coverage.

At Peterson Insurance Solutions, we specialize in assisting individuals with navigating Medicare options and finding the right plan to suit their healthcare needs. Contact us today for personalized guidance and support in securing comprehensive Medicare coverage tailored to your unique circumstances.

At Peterson Insurance Solutions, we provide a variety of supplemental insurance options to enhance your coverage beyond basic health insurance:

Accident Insurance: Provides financial protection in case of accidents, covering medical expenses, hospital stays, and other costs not fully covered by primary health insurance.

Plan Enhancers (Deductible Assistance): Helps offset high deductibles and out-of-pocket expenses associated with major medical plans. This type of coverage typically reimburses a portion of deductible costs.

Critical Illness Insurance: Offers a lump-sum payment upon diagnosis of a covered critical illness such as cancer, heart attack, or stroke. The funds can be used to cover medical expenses, mortgage payments, or other financial obligations.

Dental Insurance: Covers a range of dental services including routine check-ups, cleanings, fillings, and major procedures like root canals or crowns. Dental insurance helps manage out-of-pocket costs for dental care.

Vision Insurance: Provides coverage for eye exams, prescription eyewear (glasses or contact lenses), and may include discounts on vision correction surgery. Vision insurance ensures regular eye care without high out-of-pocket expenses.

Hearing Insurance: Covers costs related to hearing exams, hearing aids, and other hearing devices. This insurance helps manage expenses associated with hearing loss treatments and devices.

These supplemental insurance options are designed to complement your existing health insurance coverage, providing additional financial protection and peace of mind. Contact Peterson Insurance Solutions today to learn more about how these plans can benefit you and your family. We're here to help you find the right supplemental insurance solutions to meet your specific needs.