We’ve got you covered
Why do you need insurance? Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest these funds securely, so it can grow, and pay out when there’s a claim.
At Tony Cravello Insurance & Financial Solutions each consultation results in a detailed roadmap created just for you and your unique situation. Your roadmap contains everything you need to know to sign-up for and get the most out of your insurance benefits. We seek to protect and service your life needs. We cover people––not possessions.
Insurance helps you:
- Maintain your current standard of living if you become disabled or have a critical illness.
- Piece of mind knowing your supplement insurance covers your deductibles, copays and coinsurance.
- Cover health care costs like prescription drugs, dental care, vision care and other health-related items.
- Provide for your family in the event of a death
- Take vacations without worrying about flight cancellations or other potential issues.
Take the time to review your policies and contact us to answer your questions or get advice. A little knowledge can make a big difference when it comes to buying the right insurance protection for you and your family.
Health insurance is typically available through group insurance or private insurance. Senior Citizens can receive health insurance benefits through Medicare while low income individuals and families may qualify for health insurance through Medicaid. Health insurance is usually available with a variety of coverage options, ranging from low cost catastrophic to high cost full coverage, depending on your anticipated needs.
Life insurance is sometimes thought of as being expensive, but there are choices between term life and whole life that can make life insurance very affordable. The main idea is to carry sufficient coverage for your burial and for your dependents. In a nutshell, you need life insurance if you have anyone that currently depends on you for financial support. It is an important benefit not for the policy holder but for his or her beneficiaries.
LONG TERM CARE INSURANCE
Also referred to as LTC, provides necessary medical assistance to people who require extended care due to a chronic illness or disability. Many people receive Long Term Care in a facility that specializes in LTC, such as a nursing home or they can also receive Long Term Care in their own home. For the most part, where you receive your Long Term Care is a personal choice, although your doctor may make recommendations based on your needs.
Why is disability insurance so important? Debilitating accidents or harmful diseases are threatening enough on their own, combine their effects with a forced absence from work, and the situation can quickly become a recipe for financial catastrophe.
Accidents are the highest single cause of disability. Disability insurance was created to help protect employees from the loss of income and benefits that is the all too common reality of disability. Disability insurance provides money paid out in the event that a worker cannot perform his or her job duties due to illness or injury.
Medigap or a Medicare Supplement Plan is extra health insurance (paid with a monthly premium) that you purchase from a private insurance company to pay health care costs not covered by “Original Medicare”, such as co-payments, deductibles, and health care if you travel outside the U.S. These Medigap policies don’t cover long-term care, dental and vision care, hearing aids, eyeglasses, and private-nursing. Most plans do not cover prescription drugs. All these optional plans can be purchased separately from private insurers.