Questions

How Do I Pick Health Insurance?

Here are some questions you should ask yourself when choosing a health insurance plan:
· How affordable is the cost of care?
· Does the insurance plan cover the services I am likely to use?
· What is the quality of the insurance plan I'm looking at?
What is a HSA?
An HSA is a new form of consumer directed health coverage pairing a high-deductible health plan with tax-free savings account for medical expenses. They are designed to reduce healthcare insurance costs for employers and employees.
Benefits of an HSA
· - used in combination with a high-deductible health plan.
· -help employees become better health care consumers.
· -contributions are not includible in gross income - they are tax-free.
· -payouts for qualified medical expenses are tax-free.
· -savings are owned by the individual and can move from employer to employer.
· -can "roll over" year-to-year to create a sizable retirement nest egg.
· -accumulated interest and dividends are tax-free or tax-deferred.
· -contributions by employers are exempt from payroll taxes.
· -"the better rainy day fund" health care savings plan.
· -pay for "Qualified Long Term Care" premiums from HSA dollars.
· -pay for COBRA benefits HSA dollars.
· -if you are over 65 you can pay for Medi-Care parts A & B or Medi-Care HMOs -with HSA dollars.

An HSA is particularly well situated to help small firms without medical plans to offer them to their employees. An HSA is a form of tax-deferred retirement accounts that can be more easily drawn upon for emergencies than their IRA counterparts.
Why Buy Life Insurance?
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It is generally a cost-effective way to provide for your loved ones after you are gone. It can be an important tool in the following ways:
· Income replacement
· Pay outstanding debts and long-term obligations (business or personal)
· Estate planning
· Charitable contributions
· Buy-Sell business continuation plans
· Key Person plans
How Much Life Insurance Do I Need?
To decide how much life insurance to buy, you need to first figure out what your goals are in purchasing this coverage. Ask yourself the following:
- Do I want to spare my loved ones funeral costs and outstanding debts?
- Am I concerned that my spouse or domestic partner will not be able to continue to pay off the mortgage if I die suddenly?
- Do I have dependents who count on my income?
- Am I concerned about college savings for my children or retirement savings for my spouse if I die suddenly?
- How much would I need to buy-out my deceased or disabled business partner or their heirs
- How much would I need to replace lost revenue, and to re-hire and train someone if I lost a key person at my business
While all situations are different, some insurance experts suggest that as a starting point for "personal" needs you should consider five to eight times your current income. When considering "business needs" the amount of insurance you should purchase would be predicated on the extent of your exposure.
What Is An Annuity?
An annuity is an investment contract or policy between you and a LIFE INSURANCE company. Annuities can be a useful tool for retirement planning:
· Save tax-deferred
· Offers retirement income
· Provides benefits to your heirs
· Offers an array of investment options
Why should I consider purchasing an annuity?
· You've reached your qualified retirement plan's contribution limit
· Social security and pensions may not provide you with enough income
· Inflation and taxes are eating away at your savings
· You're paying Income Tax on your Social Security
· You'd you like a lifetime income you can't outlive
· You'd like to avoid probate on your savings in the event of your death
· You've already accumulated sufficient "Highly Liquid" assets for short
range and emergency situations
Request a quote and we will be happy to help you choose the insurance policy to fit your personal or commercial needs.