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Health Insurance Terms | In-network
The term “in-network” – describes a provider or health care facility which is part of a health plan’s network. When applicable, insured individuals usually pay less when using an in-network provider. This means when going to a Doctor, a Clinic or hospital and you have health insurance (an individual or group plan) it is better […]
Texas Family Benefits Personnel Change
A personnel up-date for our Sugar Land office. It is better late than never to note on this website that Miss Blair Piercy has left Sugar Creek Financial Group as of the end of January 2011. Blair had worked for Mr. Bob Roy part time for over four years while attending college at UH Downtown. […]
Health and Financial New Year’s Resolutions
Well, Happy New Year to 2012 and people are dealing with new years resolutions or NOT. We all fall into one or the other camp and we all have things in our life we want to improve. Improving our health is always a topic for Texans and all Americans. Even if you are in “good […]
ACOs or Accountable Care Organizations
ACOs (Accountable Care Organizations) are a part of the Health Care Reform Act (HCR) or its official name: Patient Protection and Affordable Care Act (PPACA). This is scheduled to go into effect on January 1 2012 and, for the most part will impact Medicare . ACOs from what I can see look like HMOs but will […]
Brand-name Drugs Defined
A brand-name drug – prescription drug which is marketed with a specific brand name by the company that manufactures it. So brand-name drugs may cost insured individuals a higher co-pay than generic drugs on some health plans. The recent big news on brand-named drugs vs. generic’s is the story on Lipitor. Lipitor, which became available […]
Embedded Versus Aggregate Insurance Deductibles
The term embedded deductible means separate individual deductible. In most PPO health plans you have, say a $1,000.00 deductible plan and it has a $3000.00 family deductible. If a policy insures, say three people ( a father, mother and daughter) and two of them have medical procedures in the same year, then each must first […]
Health Insurance Aggregate Deductible
An important distinction needs to be made concerning how deductibles are computed for Qualified High-Deductible Health Plans. The family deductible is an aggregate or combined deductible. Each person’s covered medical expenses go toward meeting the family deductible. Each insured person’s covered medical expenses go toward meeting this amount. Once the family deductible is met, most […]
Life Insurance in Texas As A Savings Plan
When talking about life insurance to Texans, I like to touch on the person’s big financial picture and how they would like to see it given a real persons life and circumstance. Saving money is the first lesson most people started out learning as a child and it continues on through a person’s entire life. […]
Health Insurance Deductibles
The deductible in a health Insurance policy is a defined dollar amount during the benefit period – usually a year – that the insured person pays before the insurance company starts to make payments for covered medical services. Plans may have both per individual and family deductibles. Some plans may have separate deductibles for specific […]
September is Life Insurance Awareness Month (LIAM)
September is Life Insurance Awareness Month. This is a promotion “tool” but one that everyone should at least consider. That is, ask the questions, do you need life insurance, or if you have it, are the people you want to protect adequately covered? Think about other family members and inquire if they have life insurance […]
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