COMMON INSURANCE MYTHS, DISPELLED

When it comes to insurance, there are so many myths floating around that they are often believed as "truth" and can greatly effect decisions - usually in the wrong way. We turned to our insurance expert, Scott Miller, to dispell these myths and give you leverage to make the right decision concerning your coverage.

INSURANCE MYTH #1: Personal health insurance plans are more expensive than group insurance plans.

Reality: Personal health insurance premiums can be significantly lower than group health insurance premiums. This is due to the fact that group plans are required to take every eligible applicant. Personal insurance applicants can be turned away if they have high-risk pre-existing conditions, therefore, the premiums are much less for those that are accepted. Go to our on-line insurance quoting tool to shop for the lowest cost option available to you.

INSURANCE MYTH #2: If I have a high deductible on my insurance plan I can open a Health Savings Account (HAS).

Reality: In order to be eligible to take advantage of the tax benefits available through an HAS you must have a “qualified” High Deductible Health Plan. Go to our on-line insurance quoting tool to shop for the lowest cost Qualified High Deductible Health Plan available to you.

INSURANCE MYTH #3: The cost of term life insurance goes up each year as I get older.

Reality: The cost for term life insurance has never been lower and the ability to lock in the premiums on a guaranteed basis is available. You can lock in rates to stay level for 5, 10, 15, 20, 25, or even 30 years. Go to our on-line life insurance quoting tool to shop for the lowest cost term life insurance plan available to you.

INSURANCE MYTH #4: If I am denied for insurance coverage I have no way to take advantage of the discounts for medical, dental, and prescription expenses available to individuals that have insurance.

Reality: Through DirectAccess, you have the ability to recognize significant discounts for medical, dental, vision, chiropractic, and prescription expenses (to name just a few) at a low cost of $25.95 (single) or $39.95 (family). Go to our on-line portal for more details about DirectAccess and sign up today!