Self-funded plan, is one which the employer assumes partial financial risk for providing health care benefits to its employees. Rather than obtaining medical coverage from an insurance carrier, the employer elects to fund the risk up to a certain level where a Stop Loss Insurance carrier is brought in. The Stop Loss is designed to limit the employer’s loss to specified amount, to ensure that large, or unanticipated claims, do not upset the financial integrity of the self-funded plan.

HSA
Established in 2003 by Congress, Health Savings Accounts are designed to help you save for qualified medical and retiree health expenses tax-free. The option of an HSA gives you greater control of how your health car dollars are spent.

HSA accounts are made up of two components: a qualified High Deductible Health plan and HSA Administrator. Together, they can save you a great deal of money on healthcare.

HDHPs have lower monthly premiums than the average insurance plan, as their deductibles are much higher. The money saved on insurance costs can be put into an HSA to cover the higher deductible, after which your higher deductible takes over.

Life
Term life provides coverage for 10-20 years at guaranteed rate with no cash value accumulation. The term policy can generally be converted to a permanent life insurance during
this time frame at a higher premium.

Universal Life is designed to meet long term death benefit needs. It offers a high level of death benefit and premium flexibility.

Variable Universal Life combines a universal life insurance policy with variable investment options. It is provides a death protection with a variety of optional guarantee periods.

Whole life insurance, coverage lasts for your whole life. The policy accumulates cash value due to interest or dividends. Premiums remain stable throughout the life of the policy.

Long Term Disability
Plans provide you with an income if an illness or injury prevents you from working. Disability
Income insurance benefits are usually 60% of your income at the time of disability with a choice
of elimination period
Medicare Supplement
Private insurance plan that helps cover the gaps in Medicare. Plans offered A-L are standard with all carriers. Rates will vary according to age & zip code with carriers. If you are over age 65 and have signed up for Medicare within the last 6 months you are eligible for guarantee issue on this type policy.

Medicare Part D Rx
Final regulations published in January 2005, which implement the new Medicare Part D voluntary outpatient prescription drug benefit. All Medicare prescription drug plans provide at least a standard level of coverage set by Medicare. Some plans may also offer more coverage for a higher monthly premium.

Individuals can enroll in a Medicare prescription drug plan when they first become eligible for Medicare and year from Nov.15th through Dec.31st.Beneficiary’s leaving employer/union groups may be eligible for a Special enrollment period to sign up for a Medicare prescription drug plan.

Annuities
Variable annuity is investment vehicle to help meet retirement needs. It offers a tax-deferred accumulation which allows principal and interest to grow free from burden of taxes. Choice of
Investment options from conservative fixed accounts to very aggressive stock portfolios. Investment return and principal value will fluctuate so that variable units, when redeemed, may be worth more or less than their original cost. Variable Annuity offers guaranteed death benefit options. A feature called “annuitization” allows you to customize a payout option that best suits your needs for income payments for predetermined number of years of your lifetime.

Estate Planning
Pre-planning to protect assets which includes event checkpoints. Generally, any change in your
personal, financial, health condition, or a change in the tax laws, could prompt a change in your
estate plan every year.