Category: Inusurance (page 1 of 1)

Medicare Supplement Plans – 3 Reasons Why Seniors Need Them

For those of you who are 65 years of age or older, you probably already know that Medicare parts A&B are available to you to take care of medical costs. However, even though it covers much of the expenses incurred by hospital visits, or doctor visits, or prescription drug charges, it does not cover everything. This is where Medicare Supplement Plans come in. They fill the deductible, coinsurance, co pay, and excess charges gaps that are not covered by Medicare. Even after seeing this, many people still don’t realize the need to pursue a Medicare Supplement, in order to protect themselves from unnecessary expenses. To better help you understand, here are some helpful pointers:

– Medicare Supplement Plans pick up expenses where Medicare leaves off. There are 12 different types of plans, and each one offers a different type of coverage with different benefits to suit your needs. For those who are needing medical care, and live on a fixed monthly income, then a Medicare Supplement Plan is in your best interest.

– Medicare Supplement Insurance is very affordable, and each plan has different coverage to choose from if you are not in a good financial situation. Since all plans are government regulated, it does not what company you decide to go with, the only difference will be the price you pay for that plan (assuming you’re comparing the same plan letter from each company). No matter what your budget might be, there is a plan out there to suit your needs with the right benefits. Plus, getting a quote is free, so might as well take advantage of it!

– A Medicare Supplement takes all the guesswork out of getting health care coverage. Instead of having to choose from countless numbers of options and coverage, all you need to focus on is your budget, your health, and then choose which plan out of the 12 work the best for your situation. If later on down the road things change, then you can apply to switch plans, and a good agency should make that task very easy for you by contacting you every year to make sure you are getting the best rate available to you.

It really isn’t hard to apply for a Medicare Supplement. After taking a look at some of these key factors of why you need one of these plans, you will soon realize that you need it more than you thought. Some plans may offer extra benefits like preventative care and foreign travel emergency coverage, which is very essential to those who would like to live a full and happy life but don’t want to deal with the typical health insurance hassles.

If you are on Medicare, are 65 years of age or older, and are on a fixed income, then a Medicare Supplement Plan is definitely something you should consider looking into. These additional benefits have proven to be extremely beneficial time and time again, so why not take advantage of the offer? Work with a Medicare supplement brokerage to help evaluate and, if it makes sense, apply for a new Medicare Supplement Plan today to get the cheapest most affordable rate with the best rated company available to you based on your heath.

How Can Commercial General Liability Insurance Help Protect Your Business?

Tennessee Commercial General Liability Insurance can help protect you and your business against many common lawsuits. General liability insurance is the most popular option for many businesses because of its broad spectrum of coverage. Much like other liability insurance, commercial general liability coverage protects your business from many common claims that many small businesses can face.

What does general liability insurance protect against?

Commercial liability coverage protects your business against four basic claim categories:

• Bodily injury: If a customer or other party suffers from bodily injury caused directly or indirectly by your business, this insurance will help cover medical expenses and other damages brought about by a lawsuit.

• Property damage: If you or your employees cause damage to a person’s property (e.g., cars, homes, land, and other property of relative value), you can be held responsible for the cost. General liability insurance provides the type and the amount of coverage you need.

• Personal injury: Personal injury encompasses slander, libel, lost wages, mental anguish, and other claims that do not fall under bodily injury.

• Advertising injury: This is similar to personal injury in that it is brought about by slander, libel, or copyright infringement, but advertising injury involves another business instead of an individual.

Why do you need general liability coverage?

General liability insurance protects your business. Even if you think your business is too small or you are certain you will not cause any of the damages or injury listed above, you should still be covered. In such a litigious environment, you need to be protected against frivolous lawsuits.

Some people see an opportunity to take advantage of unsuspecting small business owners who may not be covered against a claim. For example, imagine that you run a commercial cleaning business and you do most of your work after business hours when the office buildings are empty. You may consider yourself at low-risk and don’t see the necessity of having commercial general liability insurance because you rarely, if ever, interact with your customers. But what if one of your employees damages expensive computer equipment by accidentally spilling cleaning fluid on it? You would be liable for the damages.

Remember that you can never be completely in control of every situation. Accidents happen. There are always unforeseen problems that could result in a lawsuit, including bogus claims. Your commercial general liability insurance can help cover those claims. If you don’t have many assets (or even if you do), your company could be completely destroyed by one claim against your business.

How much commercial liability coverage does your business need?

The amount of coverage will depend on your specific needs. You may only need a small amount of commercial liability insurance to cover the cost of potential claims brought against you. It is important to keep in mind that the cost of claims today has increased and people are seeking larger amounts for damages, making the right amount of coverage critical to protect your business interests. Consult with a trusted insurance broker who has your best interests in mind and will provide recommendations for obtaining the perfect coverage for your business.