Check Out Just Some of the Insurance Offerings from The Health Insurance Specialists of Texas

Insurance is all about protection. The goal should always be to protect our assets and lifestyles from loss or undue hardship, especially when threatened from the high costs of doctors and hospitals. Government hearings recently revealed approximately 1 million (1,000,000) people a year are thrust into destitution by the uninsured costs of catastrophic medical care. Again, insurance is all about protection.

And the medical industry is not Wal Mart, costs are not going down, and in fact they are rising on a percentage basis that far exceeds recent annual inflation. And are expected to continue rising. Protecting against medical costs is what health insurance is all about. No one wants to be confronted with the prospect of medical bills or unintended loss of working ability putting them into financial hardship.

Protecting assets and lifestyles comes at a cost. Balancing costs (premium) and benefits is the key to maximizing your health dollar. Remember, the more risks (a condition in which a chance of loss exists) you want transfer to the insurance company, the higher the premium. Conversely, the more risk you assume yourself (higher deductibles, exclusions, or limited coverages) the lesser the premium.

Here at The Health Insurance Specialists of Texas we are focused on balancing benefits with real world affordability. Here are the areas we can really help:

Major Medical Insurance – The most comprehensive and to be expected, the plan with the larger premiums. The upfront considerations are many, to include large or small deductibles, copay determination, coverages, v, family medical history, pre-existing conditions, dependents, wellness benefits and more. Coordinating coverages to get the best premium value can definitely save money, especially in a group environment.

Supplemental or Gap Insurance - Specifically designed to help with those costs not covered by Major Medical Insurance and the hidden costs. Remember, your mortgage, monthly bills, transportation, lost wages from time away from work, are all ongoing hard costs. Supplemental or Gap Insurance can protect against otherwise uninsured bills. The upfront considerations are fewer, and due to the specified nature of risk assumption, the premiums are much lower.

Catastrophic Insurance – Really specific, and again, focused on providing benefits where Major Medical falls short. Again, the upfront considerations are fewer, and due to the really specific nature of risk assumption, the premiums are low.

Life Insurance – You have to ask yourself what are the uses of life insurance. Uses can be survivor protection, estate creation, estate conservation, cash accumulation, buy-sell agreements, key employees, deferred compensation or other individual or business reasons. It all depends on the purpose, and then the discussion of whole life and term come into play.

Disability Insurance – Here we are protecting lifestyle. Everyone is familiar with basic monthly expenses and how they are met through the generation of monthly personal income, whether through wages or self employment. Premiums are keyed to how much monthly income is to be protected. And you need to know benefits, especially the clearly defined waiting/benefit limitation periods.

Long Term Care Insurance – We are all living longer, and sometimes our physical capabilities do not keep up. It is estimated 2 in 5 persons over age 65 will enter a nursing home. And it can get extremely expensive if no insurance is in place. Remember, before the federal programs (Medicaid) kick in, your personal assets are sometimes required to be liquidated to nor more than a mere $1,500 total.