Do you know who should consider essential benefits? There are a number of reasons why anyone should consider essential benefits. Also, each benefit in North Carolina has been chosen to help you to receive better health care. If you have any questions about how essential benefits work, please contact Don Allred Insurance.
With these aspects in mind, Let’s read further to understand what essential benefits are, and why you should consider them.
Consider The Benefits
There is an assortment of benefits that are considered to be keenly essential when you purchase your health insurance plan. Have you thought about some of these aspects that may be included in an insurance plan? You may want to consider:
- Out-patient ambulatory care
- Hospitalizations care (in-patient)
- Prenatal care
- Postnatal care
- Maternity care
- Mental Health
- Services for (Substance-abuse-disorder)
- Coverage for prescriptions
- Pediatric care and services
- Health laboratory service
- Wellness care and services
- Preventative care and services
- Emergency care and services
Health Insurance in NC
There are many reasons to get the right health insurance plan for your needs in Burlington NC.
Additionally, essential benefits are there to help cover many of the health costs that you may encounter. The essential benefits may help to lower your health costs.
Who Should Consider EB
With all of this information in mind, who should consider essential benefits? Anyone who is considering health insurance should be aware of the essential benefits that are offered in Burlington, NC.
Also, this includes an array of employed and unemployed individuals in different industries. Additionally, a wide range of self-employed individuals and business owners should consider the essential benefits. If you have any questions about essential benefits contact Don Allred Insurance.
Life Insurance as an Investment Tool
You can use life insurance as a way to save and invest for the future by choosing a cash-value account life insurance policy. Don Allred Insurance serving Burlington, NC can help you set up a life insurance policy that helps you build wealth while protecting your future and providing a death benefit to your beneficiaries in the event of your demise.
In some ways, a cash value account life insurance policy works just like a typical whole life policy. You pay premiums each month or quarterly and that funds your death benefit. You name a beneficiary or beneficiaries who receive payment of a lump sum named in the policy upon your death.
The difference is that you pay a slightly larger premium, and the overage gets deposited into a savings account – the cash value. This savings account amasses value either as a typical savings account, a money market savings account, or an investment account. Some of these accounts provide a guaranteed return, such as those linked to an investment account. This reduces the volatility of the potential losses.
Those that function as a savings or money market account typically use an interest rate between two and five percent. While this doesn’t provide a high yield in the sense of a high-performing stock, it does provide a guaranteed rate of return. The savings account interest applied to these cash value accounts also typically exceeds that of a regular savings account.
The other advantage of these accounts is that you can typically pay into them tax-free. You pay in pre-tax from your paycheck, then when your beneficiaries receive the death benefit, they only pay taxes on it if your estate exceeds a specific amount.
Contact Don Allred Insurance serving Burlington, NC to learn more about the many ways life insurance with a cash value account can help you plan for your future. Call us today!