Welcome, readers! This is Abri News, where you’ll find helpful policy information to assist you in finding the best coverage for your needs. We cover a variety of topics here, including insurance plans, types of coverage, claim adjustments, conditions and clauses. Our agency aims to pair individuals with the best insurance package for their specific needs, which is why we carry every type of insurance you can imagine. From homeowners’ insurance to workers’ compensation to pet insurance—we have you covered! It’s our job to shop around, compare rates, and set you up with the level of coverage you need to feel safe and secure. Our clients enjoy our one-on-one approach and attention to detail. For testimonials, information about our services, or to request a quote, take a look around our website!
The last article featured on Abri News focused on deducting health insurance premiums from our annual taxes. For many, premiums make up a major share of their monthly expenses. With national health costs rising, more and more people are struggling to reach the necessary level of coverage. We discussed why health insurance premiums might be on the rise and who might be eligible to deduct a portion of their yearly medical expenses come tax time. Read our last article to find out who's eligible to deduct their medical expenses entirely! Of course, we want everyone to maintain the level of coverage necessary for their physical and financial well-being, which is why we took the time to make you aware of this potential deduction.
There are more types of insurance than you would think. Anything of value can be insured, in fact. With countless insurance policies floating around and a near-constant barrage of advertisements, it’s difficult to know which are truly necessary. While car insurance is mandated by state laws and workers’ compensation is similarly dictated by certain states, how do you determine which other types of insurance you should be personally investing in? Determining the necessary amount of coverage is a different art altogether and one we cover more in our article, ‘How to Judge “Good” Coverage From “Bad” Coverage: Beyond the Quote.’ But reconciling which types of insurance are worth stretching our monthly budget can be just as tricky. In today’s article, we’re breaking down the necessity of certain insurance types, including why they’re important to have and how they keep people protected. If you’re currently only investing in the bare minimum insurance types mandated by law, here’s a case for exploring further options!
The coronavirus pandemic revealed a major gap in healthcare coverage in America. When the pandemic hit, nearly 30 million Americans were uninsured and 40 million were underinsured. The underinsured portion of our population are those who have coverage but must spend over 10% of their annual income out-of-pocket or their deductible constitutes over 5% of their household income. Since many individuals were insured through employer-sponsored insurance and the pandemic resulted in massive layoffs, many lost their coverage at the exact time they needed its security. Being underinsured or uninsured when it comes to health insurance can be detrimental. High healthcare costs, when compiled, can put individuals in a long-term debt situation. Around 67% of individuals who are dealing with medical debt said the person in their household whose illness or injury incurred the debt was uninsured at the time. Medical debt, when unpaid, can lead to liens and negative impacts on one’s credit score. When paid, one-quarter of people report being unable to then pay for basic necessities, such as food, heat, and rent. Medical debt can eradicate savings, as well. According to a study done by the American Journal of Public Health in 2019, most families are only on illness away from bankruptcy.
The high deductibles of certain private healthcare plans can leave people uncertain of whether to seek medical care even when they are insured. This can lead to worsened health, unfulfilled prescriptions, and untreated illnesses. Healthcare coverage is a major necessity. While monthly premiums can be steep, there are options available for almost every income bracket. Additionally, there are certain tax credits available for those who meet eligibility standards. If your employer does not offer a health insurance program, there’s a chance your trade organization or association might. The government-run healthcare marketplace offers many plans. Agencies, such as Abri, are trained and dedicated to finding you the best plan for your income level and coverage needs. Health insurance is not a type of insurance you can comfortably opt out of, which is why finding the right plan is of the utmost importance.
Life insurance is often a priority for those who are the sole provider of their family and older individuals. According to a study done by the Life Insurance and Market Research Association (LIMRA) in 2018, ⅓ of families would be unable to pay for their day-to-day expenses in the event of their primary breadwinner’s death after one month. Life insurance acts as a safeguard for many individuals who worry about how their families will pay bills, afford child care, pay for college, and finance their funeral. For those with these concerns, life insurance is clearly a major necessity. However, those who are young and do not anticipate their demise coming anytime soon are loath to consider adding life insurance premiums onto their list of monthly expenses.
The determination for whether someone should invest in life insurance is this: Will anyone be financially impacted upon my death? If so, life insurance is one of the only ways to mitigate this risk. This doesn’t just include people who are financially dependent upon your income. If you harbor significant debt which will not be resolved upon your death but instead be passed onto your next of kin, life insurance can help them resolve the issue. You can make co-signers, co-joiners, or those tasked with handling your estate the beneficiary of the policy. Likewise, if you own a business which would struggle to continue in the event of your death, a life insurance policy can bolster this business.
While life insurance isn’t a major necessity for the young and healthy, obtaining a policy at this age can be quite inexpensive. Once you lock in a price, this premium is unlikely to change. There are two different kinds of life insurance: term and whole. Term life insurance, as the name suggests, covers a portion of your life (i.e. five, ten, thirty years), while whole life insurance provides coverage until you die.
Long-Term Disability Coverage
Long-term disability coverage is similar to workers’ compensation, as both types of coverage are based on the possibility of reaching a point where you are physically or mentally unable to work. While workers’ compensation covers work-related injuries and ailments which prevent further working, long-term disability coverage covers nearly ninety-five percent of accidents and illnesses which are not work-related. In the event you are incapacitated and unable to earn an income, a disability policy can cover the daily expenses you’re no longer able to afford. While many employers offer this type of coverage and this is likely the least expensive option for obtaining coverage, not all employers do.
Similar to life insurance, if those close to you depend upon your income, a disability policy can insure they’re taken care of if you cannot work anymore. However, even if you live alone, you’ll still have expenses which need to be taken care of. For this reason, long-term disability coverage is a moderate necessity. Its costs aren’t steep, averaging about 1% to 3% of your annual income. Keep in mind, though, most policies only cover a short-time period. If you’ll need coverage beyond three years, you may have to pay a bit more.
While homeowners’ insurance is strictly necessary, is renters’ insurance? Also referred to as tenants’ insurance, renters’ insurance protects renters’ personal property and provides some liability coverage. Many young people do not own homes and spend a majority of their income on monthly rent. In the event a dwelling becomes uninhabitable, a theft occurs, or the renter damages the property, renters’ insurance can cover the cost. The wonderful part about renters’ insurance is it’s much less expensive than homeowners’ insurance. If you rent a medium to large-sized property, renters’ insurance is a necessity.
Our job here at Abri is to put together a package of the insurance policies you need. Nothing more, nothing less. By assessing your lifestyle and other life factors, we’re able to find the best rates for the most essential coverages. If you need help finding the right insurance policy for your needs, reach out to us! Everyone here at Abri Insurance is eager to assist you in your search for the best coverage. Come back here to read the latest news and discover more about how to make the insurance industry work for you! Thanks for reading! Until next time!
When it comes to being an employee and protecting your employees, one of the most important things to have as a business owner is employee benefits liability insurance. Today, we are going to spend some time diving a little deeper into this topic and what you need to know!
Employment and being an employer right now is incredibly tricky, especially right here in the Lowcountry. Companies across all professions are feeling the weight of being very understaffed and employees are more exhausted than ever before tiring to keep up with the extra strain that is being put on them. Fighting for security, benefits, a good salary, and insurance across the board is what is inspiring these exhausted employees to stick around. Keeping these benefits protected and insured is becoming the primary focus for many businesses across the Lowcountry, and we are here to help. It is our job at Abri insurance to figuring out how to best cover your employees while still giving you room in your budget to grow your business, together!
What To Know About EBL
Employee Benefits Liability (EBL) insurance is coverage that helps businesses with errors and omissions that happen when employee benefit plans are administered. It covers damages that the insured company becomes obligated to pay due to an error or admission made in administrating an employee's benefits. These benefits are things like life insurance, medical insurance, disability insurance, and retirement plans. A better benefits package offered to potential employees can attract the perfect employee or keep the perfect employees working for you. However, any error in properly providing and informing employees of all of their benefits, signing them up correctly, and offering everything to them that they are eligible for can lead to some very unhappy employees and potential lawsuits. While many of these errors are human errors, they're still huge errors that if not covered properly could end up with a severely injured employee without the coverage they need and a lawsuit coming your way. These lawsuits and other financial responsibilities that arise from this situation could potentially financially destroy your company, but with EBL, you will be able to help your employee and still keep your doors open.
One of the many benefits of EBL is that it covers not only the main benefits offered to an employee, but also fringe benefits like dental, profit-sharing plans employee stock plans, and much more. It is also technically sold as a stand-alone policy. However, when you are in the market to purchase an EBL, make sure the plan you choose covers the benefit plans that your specific company offers. Not all benefit packages are created the same, which we all know and recognize. Outside of the benefits we've already mentioned, employee benefit programs include accident insurance plans, pension and savings plans, social security, workers compensation, unemployment benefits, maternity leave, tuition assistant, and vacation plans. While not every company will offer all of these benefits and while not every employee will want or use each of the benefits offered to them, they will be important to your employees and many will need this coverage to survive, remain healthy, and live to the fullest. These benefits are important to your employees, so these benefits need to be important enough to you to get the proper coverage to protect what is rightfully owed to your employee and to protect your company along the way. Make sure when buying insurance from Abri or your insurance company of choice, that you take the time to sit down and explain all the benefits you need to be protected and covered through with EBL.
Please note that almost all EBL endorsements give coverage on a claims-made basis, which means these endorsements cover claims made during the policy period that was given to your employees. If claims are made outside the policy period then they won't be covered. While you're thinking that this might add even more of an expense to the insurance policies you already have, it can save you money and help your company in the end. If your company offers any kind of benefits to your employees, if you have a high employee turnover rate, if someone (an employee) beside you handles the benefits offered to all of your employees or you offer different benefits to each employee, then it is very important to EBL insurance. It is also important to know, as a business owner, that this type of policy only covers legally required and optional employee benefits. In this case, health insurance is not always legally required for companies to offer their employees. The Affordable Care Act specifies that employers with over 50 full-time employees provide health insurance.
Health insurance often gets targeted for benefit claims. While this type of policy will cover some of these costs, it's important to remember it won't cover all of them. These policies also insure against claims made by both current and former employees. These plans will have certain deductibles and will cover a specific amount incurred by current and former employees. When doing your research on how much these policies could cost you, the cost will vary based on multiple things, but mainly on how many employees you are planning to cover with this policy will determine the final price. Rest assured, this can be one of the most affordable types of insurance that your business will purchase overall. It is also important to know that EBL does have two separate limits; an aggregate limit and an each employee limit. The aggregate limit is the maximum amount of money that the insurer will have to pay for the damages that come from any administrative error. The each employee limit is how much the employer will have to pay for any and all damages by any employee, their family members, and any beneficiaries. Sometimes these limits apply to each claim instead of each employee.
Common Employment Practice Myths
While we are discussing everything that EBL covers for your company and why it is so important, we wanted to close with a list of myths that both employer and employee need to keep in mind as well continue to make it through this year and beyond. All of us here at Abri are here to protect your company and employees, believe in both have an equal right to what is regularly theirs. Remember this list full of myths and are not true. If you are experiencing any of these, it might be time to consider your position.
Having any kind of assumption about your employees or employer is never a good situation to find yourself in. To avoid any issues and to create a proper work environment that your employees want to be a part of, make sure to spend time listing to them. Also, make sure to keep an open line of communication established so they can understand what benefits they're entitled to and you understand what they want and need from their benefits. An EBL is necessary to keep all parties happy and to keep your company in good standing after any error. In the long run, it's best to keep your eyes and mind open for your employees so your company can be as successful as you know it can be! Remember, we are Charleston's premier full-service, independent insurance agency representing you, the client, not the insurance company. With every policy under the Abri Roof, we customize the perfect insurance package for you while striving to deliver the highest level of customer service! Please don't hesitate to reach out and contact us, we are here for you! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
While the idea of natural disasters isn't one we want anyone to spend much time thinking about, the reality is that it is still a possibility that we all have to face. Like everything, it's always best to be prepared, which is why we are going to be talking about disaster and catastrophe insurance today!
As we have officially hit the one-year marker of living with Covid-19, the realities of dealing with natural disasters have become all too clear. It's very obvious now that we never really know what might happen and it is best to be prepared for anything and everything. Living in the Lowcountry, we aren't strangers to the fact that hurricanes, tropical storms, and their dangerous aftermath can bring disaster right to our front doors. With that in mind and after this past year, considering natural disaster and catastrophe insurance might be needed in your life sooner than you might think. It might not be on your radar now, but it might need to be. While we don't want you to sit and think about the possibilities of a natural disaster constantly, having natural disaster insurance allows you to ease that burden. It's our job to think about it, help guide you through it, and be here for you if a disaster ever does strike. We hope it never does, but just in case, we wanted to share some of the ins and outs of it all!
Why should you be considering this kind of coverage now? When disaster strikes, you're left in a dire situation worrying about how to keep a roof over your head and your family safe and fed. Having to call around to make inquiries during this time can be difficult and next to impossible if you're one of many trying to contact the same insurance company during the aftermath of a disaster. Having this extra coverage in place will give you peace of mind at all times, and comfort if disaster does appear. You will know who to call and what will be taken care of right away, and be able to get back to your normal life in no time. Think ahead and give yourself and your family the gift of being completely covered no matter what's to come. We are here for all your questions, policy needs, and more. Never hesitate to reach out and call! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
When you're a business owner, you've reached a level of making your dreams happen, doing a job you love, and creating or providing something you're very proud of. Wouldn't you want to protect all of this after working so hard to get to where you are? Today, we are going to be talking about commercial property insurance!
Hello Charleston, North Charleston, Summerville, and all of our readers in South Carolina and beyond! Welcome back to the Abri Insurance Blog! We hope you're doing well, and are properly covered for every aspect of your personal and professional life. No matter where you are in life and no matter how careful you are, accidents are bound to happen. Mother nature decides when a natural disaster is going to happen, and human error is a way of life. Being from South Carolina, we know the realities of the weather, once hurricane season is here, a hurricane of any magnitude or a tropical storm could happen when you least expect it. We've briefly touched on homeowners insurance in our blog, and we've talked a good deal about hurricane insurance. You spend time and money investing in your home's safety during these times, why wouldn't you do the same for your business, no matter its size? This also includes when you work from home, a proper business insurance policy will cover your business both on and off your personal property. Think about what your company produces or offers. Think about how devastating it would be to lose anything in your office to hurt or stop your business, even for a short amount of time. Think about how damaging it would be if your work from home situation was brought to a halt due to an accident, flood, fire, vandalism, and much more. Not only would your home be damaged, you could potentially be harmed, and your income could also be put in jeopardy. That's where commercial property insurance comes into play. You've worked so hard to have your own business, why wouldn't you want something working just as hard for you?
What Is Commercial Property Insurance?
The basic definition of commercial property insurance is that it covers every physical aspect of your company. It's something that every company needs no matter its size and no matter if you lease, rent, or own the building your company runs out of or if you work from home. It's important to have because so many small businesses and startups simply don't have the cash flow to cover anything if damage or disaster would happen to any of their business assets. According to fundera.com, there are currently 28.8 million small businesses in the United States, employing over 55 million people. When it comes to all businesses in the United States, 99.9% of them are small businesses. With these kinds of numbers, that's a huge part of every community that needs protection from whatever might happen. For many business owners, they know it's not a question of if something will happen, but when. Being prepared for when something will happen is one of the best things you can do for your employees and your company. Generally, many businesses will have a commercial property plan that is bundled with other forms of insurance to make sure it is the most well-rounded plan with the most protection possible.
What Does Commercial Property Insurance Cover?
Before getting in too deep, it's very important to understand that you need to buy the right kind of insurance plan for your company. Buying a cookie-cutter plan that's not specifically tailored to you will be a waste of money and a waste of your time. Make sure that when you sit down with us at Abri Insurance that you share with us exactly what your business is, what you do every day to operate successfully, and what moving parts the company is made up of. This way we can create a plan that covers exactly what you need, so you're only paying for what you need. Also, when disaster strikes, a tailored insurance plan will help you recover from the whole process. It will not leave you with giant gaping holes that you'll have to cover yourself.
As we mentioned before, commercial property insurance is used to cover and protect your company's equipment and property from the risk of accidents and disasters. One of the best things that commercial property insurance helps is to protect your building, what's inside of it, along with fences, doors, outdoor signage, and even exterior fixtures. The plan itself covers all of that and all of your physical assets from vandalism, fire, explosions, burst pipes, water damage, theft, and storms. This is everything your common policy will cover. This means it will help cover the loss and damage of things like your office equipment, computers, inventory, other's property, important documents, and more. However, there are still some things that everyday plans won't cover like earthquakes and floods. This will need to be added on if these elements are common to where you work and live. Also, there are multiple different kinds of commercial insurance, since there are so many different kinds of risks your face when you own a business. Depending on what kind of business you own, you might need a few more additions than your peers or fellow business owners do, and that's okay! Safety first!
Compare a big tech corporation to a big coal corporation. A coal company would not need to protect its documents and information stored on its cloud as a tech company would. On the other hand, a tech company would not need to have the type of intensive coverage for their employees and machinery that is used in a coal mine that a coal company does. However, this is why it is so common to see commercial insurance plans bundling multiple options. What are the different types of commercial insurance that you can find?
Please note that unless you specifically set your plan to do so, your commercial property insurance won't cover your assets when they are off of your property. They will usually not be covered when they are over 100 feet from your office. If you need protection on things like your work equipment, computers, cameras, and anything else you take off your property to work elsewhere, please speak to your insurance agent to make sure you have the coverage you need.
How Much Does Commercial Insurance Cost?
Just like there isn't a one plan fits all situation for every company, there is no one size fits all price either. How much you will be paying will depend on a lot of factors.
There is still so much more to consider when it comes to commercial property insurance, this is just scratching the surface. As you know, there are so many working parts to your business and your industry. This will lead to needing a lot more coverage than you might think. For veteran business owners make sure to stay up to date with your policies and to let them grow alongside your company. For our new business owners, please do your research, and make sure to sit down with us at Abri Insurance to make sure you get the best insurance plan possible for your company! Until next time, please don't hesitate to reach out to us if you have any questions or comments. We are here and excited to talk about your insurance policy! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
While it might not be the best time to be out on the water in this damp and cool weather, it is the perfect time to prepare for when you can be! Today we are going to be talking about the truth behind your boat insurance!
Dreaming of warmer days and spending hours back on your boat? Or have you not stopped spending days on your boat regardless of the weather? Nothing a few layers can't help with, right? Regardless if your boat is currently tucked gently away in storage or hasn't missed a Saturday out, having the proper coverage and insurance is incredibly important. It is so important that we want to dedicate a whole blog about how to have the best boat insurance to enjoy life in the Lowcountry, and to help keep you safe on and off land!
What Do You Need To Know About Boat Insurance?
What Does Boat Insurance Cover?
Basic boat insurance will offer its owner a certain amount of protection, but adding on more coverage can be your best route of action. Let's begin by talking about what your basic boat insurance policies will cover.
What Are Some Common Boat Insurance Myths?
Owning a boat is a huge responsibility but it will provide hours of fun and entertainment, and for all of our fishermen and shrimpers, a boat can help your business be very lucrative. We hope this information clears up any confusion or concern you have about your boating insurance. If you are still confused or have any more questions, please don't hesitate to reach out. We are here to provide the best boat insurance in Charleston! We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
A new year is spread out ahead of us, and anything is possible. We all know this to be very true after 2020. To be safe and to be prepared we wanted to provide our readers with a little insight into worker's compensation insurance!
Having a stable job has been a life raft for so many through 2020 and into this new year. We watched unemployment rise higher than it's been since the depression, the number of individuals applying for unemployment skyrocketed, and the realities of not having the insurance needed for your everyday life as a consequence of these occurrences was felt by many. If 2020 and early 2021 have taught us anything, it's to be prepared for anything and everything. You just don't know what could happen anywhere or anytime. Many individuals were forced to get a temporary job to replace a furloughed position, many in fields they were new or unaccustomed to. This came with an onslaught of all kinds of issues that many didn't expect. In a year where anything could happen, it's always best to be prepared and to and stay ahead of the game! Today, we are going to be discussing worker's compensation insurance, everything you need to know about it, its realities, and a few myths surrounding the topic that need to be debunked and left behind for good.
What You Need To Know & The Realities of Workers Compensation Insurance
There is so much information out there and available to you about worker's compensation. Some of it is buried in legal documentation, some are common knowledge, some your company shares with you, and some of it is talked about around the water cooler. What are the realities you need to know and understand about workers comp before you need it after an accident or mishap? The reality is that any company wants to keep you safe, but even after doing everything by the book and thinking above and beyond, even the safest work environment can't stop a human accident or err. For those who might be new to the working world, worker's compensation covers the cost of medical needs and rehabilitation for workers injured on the job. It is important to remember that worker's compensation varies from state to state. For all of our readers that are local, your worker's compensation is much different from our readers who might be on the west coast. Let's jump into what you need to know!
Kick the Myths
Now that you know a little more information about worker's compensation, it's time to kick some common myths to the curb.
We hope all of this information clears up all of your questions, fears, and concerns about worker's compensation insurance. You should not be afraid while on the job that you won’t be covered and you shouldn’t be afraid to ask for the help you need. Please research every one you wish to work with. If you’re a business owner, research the insurance company you’re looking to work with. If you’re an injured employee, please research any lawyer you want to work with. Please don't hesitate to reach out if you have any questions or concerns. We want you to stay as healthy and as safe as possible and to receive the care and benefits you need if you are ever sick or injured. We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
It's the new year, and it's time to start fresh. To make the most out of your insurance plans this year, here is our insurance checklist for 2021!
Hello readers, and welcome back to the blog! Goodness, it's 2021 already! As much as we were happy to see 2020 go, it's a little wild to think how quickly last year seemed to fly by! From all of us at Abri, we want to wish you a very happy and healthy new year! A new year is so exciting, it means growth, change, and adventure. You might buy a new home, a new car, get married, retire, or finally get the opportunity to take that trip you've been planning for years! We will be here for all of your insurance needs, changes, and upgrades to help support and care for you and your loved ones this year. A new year, in its harsh reality, also means that there is the opportunity to face bad weather, unexpected illness and injury, accidents, and much more. We will also be here to help you with all of your insurance needs to cover and care for all of these situations to keep you and your family as safe and protected as possible!
A new year also means making the most out of each of your insurance plans, and we want to make sure you're getting the most out of what you're paying for every month. To do that, we've created our very own insurance checklist for 2021. We ended 2020 with an end of the year checklist, and now we are kicking off 2021 with a checklist to make this the best year yet!
These are just ten easy steps and ideas to put on your 2021 new year's checklist. They don't even include trips to the gym or cutting carbs! You can even schedule an appointment with us at Abri to make sure all of your insurance policies for your life here in Charleston, South Carolina are all in perfect order. All of us here at Abri want to make sure you have the healthiest and safest new year. So please take this checklist to heart, and please reach out to us right away if you need to change or update your policy in any way. It's better to be prepared now at the beginning of the year before anything happens over the next 12 months ahead of us. We're Abri Insurance and we are here to make sure you have the best coverage for life in the Lowcountry!
It has been an incredibly challenging year, but with everything organized and in its place, one last thing you'll have to worry about at the end of this year and the beginning of next year are your insurance plans!
Hello readers, and welcome back to the blog! Can we all just sit back and relax and acknowledge that we did it? We made it through this year, we made it through another open enrollment period, and we are just about to step into a bright and fresh new year! We did it! We have so much to be thankful for, and we are so grateful for all of your support. We are happy to have helped so many of our returning customers find insurance plans that fit them perfectly for yet another year, and we are excited to have helped our new customers find the perfect insurance plans for their needs! Welcome to the Abri family! We are honored to help you, be here to support you, and keep you and your family safe and protected!
While our last blog was all about rushing to use up your benefits now that you may or may not have hit your deductible, this blog is going to be a little extra holiday gift from us you. There is so much to wrap up at the end of the year, and so much to prepare for when the ball drops at midnight and we all step into the new year. To really make the last few days of 2020 count and to get the best foot forward for 2021, we wanted to give you a checklist of sorts. In this blog, we are going to be talking about important end of the year things to do and not forget about when it comes to your insurance plans. We are also going to be talking about some of the best things to think about and do with your brand new insurance plans for your brand new year!
You've purchased all your gifts, sent out your holiday cards, decorated, baked, cooked, and planned. Your holidays are ready to go, but what about the rest of your end of the year affairs? Have you wrapped up everything you needed to with your insurance for 2020? Well, let's go through this list together, and let's see if your hard work has paid off or if there are a few last minute things to do with your insurance plans before we start toasting to 2021!
There you have it! What a list, and what an impressive amount of things to think about and get done before January 1st! We know that it might be difficult to make time to go through a checklist like this, but we promise that each of these bullet points is extremely important. If you are unsure about your insurance policies, have questions concerning life changes 2020 has brought you, or you are interested in upgrading your plans or finding a new provider, Abri is here for you! From all of us at Abri, we wish you and yours a very safe holiday and an even safer new year!
Coming to the end of the year means hurrying up and getting all of your health procedures done because you have or will be hitting your deductible. What does this really mean for you and your health?
Happy December, everyone! As we are quickly coming to the end of open enrollment and gearing up for a brand new year with a whole new deductible to meet, the rush to get in all of our doctor's appointments now and go through with all of those proceeds you've been waiting to get done is on before next year begins! However, this year might get in the way of that due to COVID restrictions and regulations, and the fact that this year has gone by so quickly. With so much going on in our insurance world, in your health journey, and with the holiday season being here, we wanted to dive a little more in-depth about hitting your deductible and what this can and cannot mean for your health and your bank account.
First and foremost, we do want to stress that your health is the most important thing in this equation. If you need healthcare or a medical procedure done, please get it done. Don't wait to meet your deductible to get the healthcare that you need. If it's something you need now to stay healthy, to improve your quality of life, and to help keep you safe, get it done now. While money can be daunting when it comes to going to the doctor, there are so many options out there for you. First, please speak with us here at Abri if your health insurance coverage isn't providing you with enough coverage. We will continue to help you find a plan that is affordable and will provide the coverage you need for your health care needs. If we can't apply this new plan right now, we will help you pick out the best plan possible for the new year and help you navigate your medical expenses now.
Next, speak with your doctors. Many doctors, offices, and hospitals do provide payment programs and options, they just don't advertise them. To find out about them, you have to ask about them. So please ask! Also, we understand why you might have chosen a plan that has a low monthly rate and a high deductible. You might not be able to afford a plan with a higher monthly premium, so you're okay with having a higher deductible. However, if you do choose this and choose to wait to reach that deductible to finally get the treatment you need, it could turn out to be much more expensive than just getting a higher monthly premium plan. What happens if you're sick and wait too long to get the care you need? You could cause serious damage to yourself that requires more treatment, medicine, and surgery to help keep you healthy and alive. These medical procedures and treatments can end up being way more expensive than if you had just gone to the doctor in the first place and more expensive than getting a higher monthly premium. So please think about that, and please put your health first.
However, if you are still going to wait to hit your deductible, there are a few things we wanted to share with you. Even if you don't hit your deductible, you should still get the most out of your insurance plan as you can before the year is up. You've waited long enough, you've paid for it all year, research what you can give back to yourself, and take advantage of it. Don't just plan for the end of the year, consider next year too and how these visits can help you now and in the months to come. Also, don't forget, if you have hit your deductible for 2020, your deductible will go back to zero once 2021 rolls around!
Lastly, we are here to help you find the best insurance plan for you. Has this open enrollment season made you realize how difficult it can be to find the plan you want? Were you unhappy with your insurance this year and didn't hit your deductible or get the care you need? We can help with that! As the year winds down, make sure you add contacting us to the top of your list to make 2021 a more stable year for you and your health insurance plan!
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We've created this blog to keep our customers and others in the know. When it comes to insurance and keeping people safe, no knowledge should be off limits.