For over 30 years, Don Allred Insurance has helped Burlington, NC residents find insurance coverage. We proudly serve the community as an independent insurance agency. We assess each of our client’s situations to help them find the right policy for their needs.

Common Health Insurance Mistakes

Health insurance allows you to enjoy a comfortable lifestyle. The policy covers you as you seek treatment in the event that you become ill. Health insurance also covers your preventative care, such as your yearly checkups with your doctor. Health insurance also covers different types of medication that your doctor may prescribe to help you feel better. While you research different policies, avoid some of these common mistakes.

Neglecting Deadlines

The biggest mistake to avoid while researching coverage is neglecting deadlines and potentially missing out on your enrollment opportunity. Keep in mind that there is an open enrollment period every year where you can sign up for a new policy or amend your current policy. If you forget the enrollment deadlines, you may be stuck with your existing coverage.

Making Sure That Your Doctor Is In The Network

Every health insurance policy includes a specified network of primary care physicians and doctors that you are allowed to visit under the terms of your policy. If your doctor falls outside of the network, you may have to inquire about another policy or you can choose to amend your current one. Networks change regularly and you want to avoid being locked into a local Burlington, NC health insurance policy that you aren’t comfortable in.

Failing To Plan For The Future

As you research different policies, don’t forget to think about how things may change in the future. Things may change as you progress through life. Perhaps an accident causes your health to change. It’s important to plan for the future.

Don Allred Insurance Will Help You Find Coverage

Visit our website today to learn more information about health insurance.

Life insurance is an important part of most people’s financial portfolio. It provides peace of mind that your loved ones will be taken care of in the event of your death. Making sure it is active and will provide the protection you are counting on is important. At Don Allred Insurance in Burlington, NC, we have more than 40 years of experience minimizing our customer’s risks. As an independent agency, we can offer the finest in service and place customer’s needs first. 

Non-payment

The most common reason for life insurance to be canceled is non-payment. It can happen to anyone but letting your life insurance premium go unpaid is never a wise idea if you plan to keep the policy. Most companies will allow a 30-day grace period after the due date for you to make the payment. If there are extenuating circumstances you might be able to get an additional 30 days before your policy lapses. If you have a whole life policy you do have some other options. You may be able to use your dividends to pay your policy. Your policy may have a waiver of premium rider. If you have cash value that can also be used to offset your premiums. 

If you are having financial difficulties by all means contact your agent and discuss your options. It may be you need to get a less expensive term policy to get you through the difficult times. 

Fraud

Insurance companies take a very dim view of any attempt to defraud them. Never lie on your application. If you have pre-existing conditions that you fail to include on your application, they will cancel your policy if it is discovered. Even worse is the fact they can refuse to pay a claim if the fraud is discovered. 

Contact Don Allred Insurance in Burlington, NC for all your insurance needs. 

Life insurance is one of the many ways you protect your family and loved ones. How much protection they need depends on many different factors.  Talking to an insurance agent you trust can help you to come up with the amount of life insurance that is enough. For more than 40 years Don Allred Insurance has been serving the residents of Burlington, NC  as well as the towns of Graham and Mebane. As independent agents, we work for our clients, not for one insurance company and this allows us to provide great service and affordable prices. 

One factor to think about when coming up with the right amount of life insurance is your age. A good reason to purchase life insurance when you are young is the rates. Age and health are both things insurance companies consider when they price life insurance. Another consideration is term life will end after the term is over and you need to anticipate the amount you will need in 20 or 30 years. 

Life insurance is designed to provide for the people who depend on your income. How much you will need depends on how many people there are and how many years you will need to provide for them. If you have young children, you may have to provide for 15-20 years. Your partner likely works so this life insurance won’t need to be the only support but protection means not having to worry. You don’t want your family to have to change their way of living if you’re not there with them. 

No one can tell you exactly how much life insurance is enough but the recommended amount is 7-10 years of your income. If however, you don’t have dependents, you will need a much smaller amount. 

Contact Don Allred Insurance in Burlington, NC to discuss your life insurance needs. 

Getting the right health insurance policy is one of the most important decisions you make every year. It isn’t all about the price of the policy. It is a fine balance between affordability and protection. At Don Allred Insurance in Burlington, NC, we have more than 40 years of experience providing our customers with personalized service. 

Before you decide on a health insurance policy, there are some important questions you need to ask. The answer to those questions will help you pick your coverage. 

Is my doctor in the provider network?

Every health insurance company has a provider network. These are health care providers who have made an arrangement to provide services for prearranged prices. If you have a primary care doctor or a specialist whom you prefer, it is important to make sure they are in the network of the carrier you are considering.  

Are my prescription medications in the formulary?

A formulary is a list of the medications that are allowed by a particular insurance carrier. They are listed by tiers. The tiers have different copays and deductibles. You need to make sure your medication is included and what tier it is in. 

What is the deductible on the policy?

Many policies have a deductible that must be met. If it is thousands of dollars it could mean that almost nothing would be covered unless you have a very major illness or accident. These are usually referred to as high deductible policies. 

In Burlington, NC, Don Allred Insurance is the place to go when you want an independent insurance agency whose objective is to identify and minimize our customer’s risk. We know health insurance and we can help make sure that you get the policy that is right for you. Give us a call or stop in to get a no-obligation quote. 

A Health Savings Account is a great way to defray the extra expenses that your health insurance may not cover. Burlington, NC residents can direct any questions they have about health insurance and health savings accounts to the agents of Don Allred Insurance. They have the answers to the tough questions when their clients have concerns about their health insurance policies.

An HSA Is Not Health Insurance

A health savings account is not health insurance. It is a savings account that can be used to cover specific types of medical expenses. High-deductible insurance policies are cheaper in the long run but costly until you pay the deductible. A health savings account can be used to pay your deductible and other medical expenses.

HSA’s Pay for Medical Expenses That Aren’t Covered by Health Insurance

Health savings accounts fill in the gaps by covering expenses that aren’t covered by your health insurance. This includes deductibles, prescriptions, supplements, and other medical expenses that often slip through the cracks.

HSA’s Are Another Type of Savings Account

A health savings account is a savings account is designed to help you save money for unexpected medical expenses. Money that is put into an HSA is dedicated to your health care costs and shouldn’t be spent on other types of expenses. 

The agents of Don Allred Insurance offer residents of Burlington, NC an opportunity to learn more about health savings accounts and how they can defray the cost of additional expenses. They can answer your questions and help you identify whether or not a health savings account would benefit you. Call today and schedule a review of your health insurance policy and ask for more information about the benefits of an HSA.

Those that live in the Burlington, NC area are going to have many different forms of insurance needs. One form of personal insurance that you should consider getting is life insurance. There are several reasons why someone should consider getting a life insurance policy and adding it to their total personal insurance plan. 

Ensures Financial Protection for Dependants

One important reason to get life insurance is that it can help to protect the financial future of your dependants. If you have people that rely on you or your income, you will want to make sure that you are protecting it as well as possible. While saving money and being diligent is part of it, so is getting life insurance. With a life insurance policy, you can ensure that your dependant’s future costs will be covered.

Provides Investment Alternative

Another reason that you should get life insurance when you are in North Carolina is that it can give you a good investment alternative. If you choose to get a whole life insurance policy, it will allow you to earn additional interest income while also receiving life insurance protection. This could make it a good conservative investment option that will also provide you with protection for your dependents.

Anyone that is in the Burlington, NC area will want to ensure that they get a quality life insurance policy. Since it can be confusing to choose a life insurance policy here, it is a good idea to speak with someone that you can trust. The team at Don Allred Insurance can give you the guidance and support that you need to choose a new policy. Don Allred Insurance is able to do this by assessing your situation and helping you build a personalized plan.