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Michigan Health Insurance
Michigan Health Insurance
Coverage when it matters most.
As healthcare costs continue to climb in the US, it’s more important than ever to ensure that you have the right health insurance. For a more comprehensive approach, our agency also offers disability and long term care insurance as well.
Health Insurance
There are 2 types of health insurance in the standard market- HMO & PPOs. Here’s a brief overview of the differences between the two choices. For more information, call our office today – (248) 427-9400.
HMO – Health Maintenance Organization
- Normally the least expensive health insurance option.
- No coverage for visits to doctors outside of the HMO network with the exception of emergency room care.
- You are required to choose a primary care physician.
- In order to be covered for specialist visits, you are required to get a referral from your primary care physician.
PPO – Preferred Provider Organization
- More expensive health insurance option.
- Gives you a choice of using doctors & other providers within the plan’s network.
- You are able to use doctors outside of the network for a higher out of pocket expense, but there is still coverage.
Disability
Disability comes in two main varieties: short term disability, and long term disability.
Short Term Disability
- Can start from day 1 of the disability occurring.
- It’s based on a percentage of your income, with a monthly maximum of $5,000.
- Can be right for you if you don’t have enough money saved up to continue your lifestyle for the next three months.
- Benefit periods of 3, 6, 12, or 24 months.
Long Term Disability
- Can start from day 60 of your disability.
- Benefit periods of 2, 5, 10 years or until age 67.
- Based on a percentage of your income, with a monthly maximum of $12,000.
Long Term Care
Long term care insurance provides coverage for either skilled or non-skilled care and can be delivered in either an at-home setting, or in a nursing home. Here’s a brief overview of how long term care insurance works.
- Long term care insurance provides a way to alleviate that cost for the family as well as the individual who needs the care.
- Long Term Care Insurance pays for in home care coverage, coverage at an assisted living facility, at a nursing home, adult day care, and hospice care.
- Benefit periods can be 3, 4, 5, 6, 10 years or even Lifetime.
- Waiting periods can be set at 30, 90, 180, or 365 days.
Call our office today to learn more about Long Term Care Insurance and the benefits it can provide.