About . . .
- Steve Nearman
Our Professionals Offer . . .
- Investment Advice
- Life Insurance
- Health / Dental Insurance
- Disability Insurance
- Long Term Care Insurance
- Retirement Plans / Planning
- College Funding
- Comprehensive Financial
- Income Tax Preparation
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Health / Dental Insurance
Without a doubt, you need some type of medical and dental insurance. Anybody who is employed should at least have some basic coverage through their company and those who are not working and whose companies do not provide medical insurance should purchase individual coverage. We feel that it is a company's responsibility to provide medical/dental insurance, although we are not suggesting that the company pays for part or all of the premiums.
The fact is that any group (two persons or more) can secure lower insurance premiums because that's how the insurance rates work. The more employees and the lower the average age of the group, the lower the premiums. You would be hard-pressed to find a lower premium for an individual on his/her own than you would for an individual who is part of a group. So employers definitely have the ability to offer a benefit to employees which could cost them much more if they were to buy it on their own.
If you cannot afford to pay much for the premiums - whether you are a company or an individual - you should look to the managed care system. Yes, there has been a tremendous amount of bad press on these systems, but they do work for the most part and they don't cost an arm and a leg. We can help you find the right one for you. Do you want to include dental and a prescription drug card? If you use dentists a lot, you need dental care coverage, but which plan is best? If you take a lot of prescription drugs, you need to get the drug card to lower your out-of-pocket cards.
With managed care, you must use a physician who is a member of the plan, or you may have to pay all or part of the medical/dental expenses yourself. If you are wedded to a physician, you may want to have a program which allows you to use your physician with some or all expenses reimbursed, while you can also use physicians within the network for a small co-pay of $10 or $15 per visit.
If you do not want managed care because you want to choose your physician and he/she is not in any managed care programs and/or you want a lot of bells and whistles in your plan BUT you don't want to pay a lot, you should look at a very high deductible to protect you against major medical costs. Then pay for the small stuff out of your pocket. The small stuff usually will not bankrupt you but one large operation without proper coverage could bankrupt you and your family. It happens, but don't let it happen to you.
We have been trained in the new consumer driven plans. These plans offer companies significantly reduced premiums for instituting high-deductible plans with a Health Reimbursement Account attached to the plan. If you are a corporate executive or human resources person, let us do the comparison of what you pay now for your corporate medical insurance plan and we will show you what you would save. It definitely is worth seeing the comparison as persistent premium increases are driving small- to mid-sized companies out of the market.
1005 Cameron Street
Alexandria, VA 22314
Neither the information nor any opinion contained on this website constitutes a solicitation or offer by Nearman Financial Consulting Inc. or any entity named in this website to buy or sell any insurance, financial securities or investment products or services.
Securities offered through Representatives of Lincoln Financial Securities Corporation, Member FINRA and SIPC to residents of the District of Columbia and the states of Virginia, Maryland, West Virginia, Alabama, New Jersey, New York, North Carolina, Georgia, Florida, Arizona, Pennsylvania, Massachusetts and California. Advisory services are offered to residents of Virginia through representatives of Lincoln Financial Securities Corporation. Nearman Financial Consulting Inc. and Lincoln Financial Securities Corporation are not affiliated. In California, insurance may be offered through LFS Marketing & Insurance Sales Corporation. Some life insurance and annuity policies involved exclusions or limitations. For costs and complete details of coverage, contact your agent.