- The New Health Care Law and its Effects
- Why You Can't Be without It
- Employer Plans
- Coordinating Employee Benefits with Your Spouse
- Traditional Group (Indemnity) Plans
- Preferred Provider Organizations (PPOs) / Point-of-Service (POS) Plans
- Health Maintenance Organizations (HMOs)
- Consumer-Driven Health Care (CDHC) Plans
- Paying for Medical Coverage
- Making the Right Choice
- Terminating Employment and COBRA Coverage
- Dental Plans
- Vision and Hearing Plans
- Health Care Flexible Spending Accounts
- Health Savings Accounts
Prior to the Affordable Care Act, an estimated 47 million Americans lived without health coverage. Unpaid medical bills were the number one reason for personal bankruptcy in America.
Because the costs of health care are rising much faster than overall inflation rate, no one is immune from the devastating financial hardship that can arise from a serious medical illness or injury. The cost of insurance premiums, deductibles, and out of pocket expenses could not only drain your personal finances but potentially cripple you financially. That is why it pays to do your homework, know your options and utilize what's out there. If you are not covered by an employer-sponsored health plan, you can search for private health insurance on your own or through the Health Insurance Marketplace at www.healthcare.gov.
Fortunately, many people are covered by employer health plans. Most employers subsidize the actual cost of insurance to you. In years past, many employers used to shoulder the entire burden of your health insurance premiums. Today, an increasing number of employers are asking you to pay a portion of your insurance premiums.
It is important to realize two things:
- Obtaining coverage through an employer has many features and benefits you most likely will not be able to obtain individually
- Employer coverage can reduce your premium payments dramatically
IMPORTANT NOTE: If you are over 65, see the section on Medicare.
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- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
