Things To Consider When Buying Dental Insurance

If you’re looking for dental insurance, the Bob Korvas Agency Inc. in Niles, IL can help you choose the plan that’s right for you.  Here are a few things to consider before making a decision.

Don’t put off getting coverage.  Because insurers know that many consumers opt to forgo buying dental coverage until they need it, they usually require waiting periods for certain procedures.  It’s wise to purchase dental insurance well in advance of any major services you may need.  

Don’t just look at premiums.  It can be tempting to choose a policy with the lowest premium, but it’s important to know the specifics of what a particular policy covers (and what it doesn’t cover) so there are no surprises when you’re presented with a bill for services.  Read the fine print carefully so you can choose a policy that best meets your needs.  Consider the features of each plan, such as annual maximums and what coverage (if any) is available for out-of-network services.  Make note of how long waiting periods are and which services are covered in the first year.

Learn about the costs you will be responsible for.  Just as it is critical to know what a particular plan covers, it’s equally important to know about co-pays and deductibles.

Look at the network.  If you want to stick with your current dentist, make sure he or she is included in your plan.  If you’re looking for a new dentist, find out which insurance plans that professional accepts.

Receiving regular dental care has a positive impact on overall health.  Having adequate coverage can help you keep up with preventive services.  To learn more about policy options, contact our office in Niles, IL to speak with a Bob Korvas Agency Inc. agent.

Health Insurance Tips for the Self-Employed

When you’re self-employed, securing health insurance may sound like a major headache. Finding coverage at affordable prices can be challenging, but not impossible. Consider the following tips to help you compare insurance plans and uncover a policy that makes the most financial sense.

Determine Retiree Eligibility

If you’re recently self-employed after retiring from your job, you may be able to opt into your former employer’s policy. Some companies give retirees the option of buying into their health insurance plan and may even subsidize a portion of the premiums. Non-retirees who leave their jobs may also be offered COBRA coverage for up to 18 months by their previous employers.

Compare, Compare, Compare

Don’t shop by price alone when you’re looking for a new health insurance plan. Although your premiums may be low, you could end up paying insurmountable medical bills in the future if your benefits don’t provide adequate protection.

Short-Term Health Insurance Considerations

Short-term health plans sound like a good bet for getting less expensive coverage for a limited time period. However, these plans have a lot of exclusions such as not covering pre-existing conditions and prescription drugs. There may also be an annual cap placed on benefits under these types of plans.

Tax Deductions

One benefit for the self-employed is the potential to deduct health insurance premiums on taxes. Any premiums that are made to provide coverage to you and your benefits can often be included as a non-itemized expense on federal tax returns.

Bob Korvas Agency Inc. is here to assist those who are self-employed shop for health insurance. Serving Niles, IL and surrounding areas, our agents will present you with policies that meet your medical and budgetary needs. Reach out to Bob Korvas Agency Inc. today to discuss the many ways we can help.