If something unexpected happens to you – like a car accident or a serious illness – hospital expenses can quickly rack up. Individual health insurance can help prevent staggering expenses if you face a medical emergency. Major medical insurance is a type of coverage that provides benefits for a broad range of health-care services, both inpatient and outpatient. This health insurance can save you money on routine doctor’s visits, prescription drug coverage, preventative care and other medical services. The plan will typically come with costs such as a monthly premium, an annual deductible, copayments, and coinsurance.
Your most valuable asset is your ability to earn a living. How would you continue to support yourself or your family if you were disabled for any length of time because of an illness or injury?
While many workers have group disability coverage through an employer, it often covers only 50 to 60 percent of their pay. Would half your salary be enough to take care of your bills? What about other resources?
Social Security disability benefits have strict guidelines and a lengthy waiting period.
Your savings could be depleted quickly.
Without an income, it may be impossible to borrow money.
Your spouse may find it difficult to continue working, care for you and manage the household.
Disability income insurance can help by paying you a monthly benefit for as long as you’re disabled under the contract.
Which one works for you?
Work with your agent to determine which Mutual of Omaha disability income product will best meet your needs. Before you decide, ask yourself these questions:
How much coverage will I need? (Your monthly benefit) Consider factors like your mortgage and other debts, your current income and any available resources such as savings. Do you want accident only coverage, or accident and sickness?
How long would I be able to manage my expenses until benefits kick in? (Elimination period)
Take a realistic look at your monthly bills, what resources might help you meet those obligations and for how long.
How long will I want coverage? (Benefit period) Disability benefits can be paid to you for a period of just a few months or up to 10 years or longer; our disability product portfolio offers you the choice.
The broad range of benefits and terms available with the Disability Income Choice Portfolio means there’s a Mutual of Omaha disability product that works for you.
FAMILIES RARELY ESCAPE CANCER.
Thankfully, cancer is no longer the death sentence it once was. Approximately 10.7 million Americans are living with and surviving cancer. Cure rates have climbed steadily due to medical advances, early detection and preventive care. But – treating and living with cancer can be expensive. High health
insurance deductibles and co-payments, experimental treatments, prescription prices, travel for treatment and nursing care can quickly drain the family bank account.
The Cancer Expense+ Policy Solution
Assurity at Work, a division of Assurity Life Insurance Company, offers Cancer Expense+ Insurance that can help fill some gaps in the insurance many employees and their families now have. This reimbursement plan pays over and above any other health insurance benefits and can help keep cancer expenses from creating a financial crisis.
Accidents happen to even the most cautious people
Recovering from an injury is tough enough, but out-of-pocket expenses for the emergency room, ambulance, hospital stay and doctors’ bills can cause a financial crisis – while regular monthly bills and expenses continue to accumulate.
The solution – an Accident Expense Insurance policy
Assurity offers employees the opportunity to protect themselves and their families from the cost of accidental injuries with an Accident Expense PRO Insurance policy/certificate.* This plan pays a fixed cash benefit for medical treatments associated with a covered accident. Better still, the benefits are paid regardless of any other insurance coverage. This affordable protection may be extended to cover an employee’s spouse and children, and is also portable – it may be kept in force after leaving the current employer if premiums continue to be paid.
Medicare: What Are Medigap Plans?
Medigap is extra health insurance that you buy from a private company to pay health care costs not covered by Original Medicare, such as co-payments, deductibles, and health care if you travel outside the U.S. Medigap policies don’t cover long-term care, dental care, vision care, hearing aids, eyeglasses, and private-duty nursing. Most plans do not cover prescription drugs. You pay a monthly premium for a Medigap policy. A Medigap policy covers only one person. If you and your spouse both want a Medigappolicy you will each need to buy one.
Medigap policies are only available to people who already have Medicare Part A, which helps pay for hospital services, and Medicare Part B, which covers the cost for doctor services. People who have a Medicare Advantage plan cannot get a Medigap plan.
A Medicare Supplement Insurance (Medigap) policy helps pay some of the health care costs thatOriginal Medicare doesn’t cover, like:
Medigap policies are sold by private companies.
Long Term Care
Your Life … Your Way
You’ve always done things your way. Forged your own path. Never been one to follow along with the crowd. And that’s exactly how you plan to keep living your life. You’re young, healthy and active, and you’re doing everything you can to stay that way. Sure, you may need a little help someday, but it’s going to be on your own terms.
There’s No Place Like Home
Did you know a long-term care insurance policy actually may help keep you out of a nursing home? That’s because long-term care insurance allows you to get the care you need right in your own home.
Home Care Benefits
Your long-term care insurance policy provides a variety of benefits that can help you remain at home, including personal care services to assist you with the activities of daily living, homemaker services to help with grocery shopping, meal preparation and
housekeeping and professional services of a registered nurse, home health aid or therapist. Your policy also pays benefits for adult day-care services.
Care Coordinator Services
Your policy offers the optional services of a care coordinator – a licensed health care professional who can assess your needs, develop an individualized plan of care and help you arrange for long-term care services. There’s no elimination period, which means you have immediate access to a care coordinator. And while the use of a care coordinator is not required, some policy benefits are available only when a care coordinator is used.
It can happen to anyone!
Life can turn upside down in the wake of anunanticipated critical illness. Fortunately, when heart attack, stroke or other serious illness strikes, many people survive, thanks to recent medical advances. But recovery comes at a price. An extended leave from work or inability to return to the same job
because of physical limitations could cause bills to pile up while income decreases.
Over half (62.1%) of all U.S. bankruptcies are caused by soaring medical bills. According to a study published in the Harvard Journal of Medicine, the average person who filed bankruptcy earned amiddleincome salary and had health insurance but was financially crippled with out-of-pocket expenses for co-payments, deductibles and noncovered medical services.*
*The American Journal of Medicine, Medical Bankruptcy in the United States, 2007: Results of a National Study
The Critical Illness+ Solution
Assurity at Work’s Critical Illness+ Insurance can reduce the financial stress of a major illness by paying money directly to the insured when it is most needed. Upon the diagnosis of a covered illness, the insured receives a check for the benefit amount, whether or not he or she is able to work, and independent of any other health coverage. Recipients may use the money as they choose; for example, to pay down a home mortgage, clear up debt or supplementfamily income so that a care-giving spouse can take time off work.
Heart Attack, Stroke, Heart Transplant (or combination transplant including heart), Coronary Bypass Surgery, Angioplasty, Advanced Alzheimer’s Disease, Kidney (Renal) Failure, Paralysis (other than from stroke), Severe Burns, Coma, Major Organ Transplant (other than heart), Loss of Independent Living, Cancer (optional rider)