Health & Disability Insurance

Prescott Insurance endeavors to provide affordable health coverage for families and for small companies. Primarily, either a PPO or HMO options. Due to rising health insurance premiums, many small employers cannot afford to offer health benefits. Companies do offer health insurance, often require employees to contribute a larger share toward their coverage. As a result, an increasing number of Americans have opted not to take advantage of job-based health insurance because they cannot afford it.

Just five years ago there were nearly half a million more Pennsylvanians receiving health insurance through their employer than today. According to a report released jointly by the Economic Policy Institute in Washington, DC, and the Pennsylvania Budget and Policy Center in Harrisburg. That decrease in coverage was the largest of any state in the country, except California. More working families left uninsured found that although employment-based coverage is still the most prevalent form of health insurance in the nation, the rate of such coverage has fallen every year since 2000. No family can survive today without adequate health coverage.

Prescott Insurance can provide you health insurance rates for either a PPO or HMO health insurance options for your small business or your family. We would be eager to speak with you regarding these coverage options and benefits. A family just cannot go unprotected today, especially with the expensive cost of health care. A short hospital stay without out health insurance coverage could exceed $100,000, which would devastate a family and cause financial ruin.

Maybe you currently have Health / Disability Insurance but maybe you are looking for ways to reduce health care coverage for your personal family or your small business? Health Care and Health Insurance costs are on the rise. We can help you find the best plan for needs. Just tell us about your individual health insurance needs, and we will make sure we find you the right quote for medical insurance that is right for you. See how much you could save today on your health insurance.

As with any type of insurance, you need to become familiar with some basic guidelines before you begin to shop around for health insurance quotes. At Prescott Insurance, we can help you find the health insurer that best fit your needs and your budget.

Health insurance plans generally fall into one of two categories:

• Indemnity (reimbursement) Plans let you choose your own doctors and have your medical expenses paid - totally, in part, or up to a certain amount per day for a certain number of days.
• Managed care plans include health maintenance organizations (HMOs), preferred provider organizations (PPOs), and point of service (POS) plans. These all involve an arrangement between the insurer and a selected network of doctors, hospitals, and other healthcare providers.

You will probably get several health insurance quotes that look attractive, but make sure they offer the right kinds of coverage for your situation. A good health insurance policy contains several types of coverage.

• Hospital expense insurance pays your room, board, and incidental services costs if you're hospitalized.
• Surgical expense insurance covers surgeons' fees and related costs associated with surgery.
• Physicians' expense insurance pays for visits to a doctor's office or for a doctor's hospital visits.
• Major medical insurance protects you against losses from catastrophic illness or injury.

Don't forget to ask for health insurance quotes that offer additional benefits such as prescription drugs, preventive care, mental health benefits, maternity care, and vision care. In addition, check to see if the health insurance quote you're considering requires you to be responsible for any or all of the following:

• Co-payment: The amount you'll have to pay each time you visit a health insurance provider
• Deductible: The amount you'll have to pay toward your medical expenses before the insurance company begins to pay claims
• Coinsurance: The percentage of your medical costs you'll have to pay after you reach any deductibles that apply

Insist on health insurance quotes that do not omit any of these important details.

Disability Income Insurance coverage insures your ability to earn an income. If you cannot work, and are not collecting a pay check, because of a sickness or injury this plan pays you an income. People buy property and casualty insurance to protect their possessions (houses, cars, and furniture) and life insurance to provide income for their survivors. However, many people do not think about protecting their income with disability insurance. How well could you and your family live if you were not able to work? Disability is an unpredictable event, and if you become disabled, your ability to make a living could be restricted. Although you may have enough money in the bank to meet your short-term needs, what would happen if you were unable to work for months, or even years? The real value of disability insurance lies in its ability to protect you over the long haul.

Statistics show the possibility of becoming disabled reveals this risk is very real.

• A 30-year-old man has a one in five chance of suffering a long-term disability before his planned retirement.
• A 30-year-old woman has a one in three chance of suffering a long-term disability before her planned retirement.
• Roughly 50 percent of people who suffer disabilities lasting longer than six months and a big percentage remain disabled after five years.
• Heart disease and back problems are the two most common causes of disability.
• More people lose their homes through disability based issues than through fire or death.
• One in seven employees will be disabled for five years or more before retirement