We recognize that finding the right coverage can be challenging, but it is a necessity. Orgill/Singer’s Individual Broker will take your search for life and health insurance one step at a time. We will work with you to evaluate your needs and help you make an informed decision.
- Health
- Major Medical
- Medicare Supplements
- Dental and Vision
- Health Savings Accounts
- Short Term Health Insurance
- Life
- Disability
- Long Term Care
- Annuities
Our Unique Agency Features for Personal Life & Health
- The ability to shop multiple carriers for the best programs
- We provide outstanding value at extremely competitive rates
- A streamlined approach that speeds you through the approval process
Q:
What is an affordable option for health insurance aside from the traditional healthcare plans?
A: Health Savings Accounts (HSAs) provide a low-cost alternative to traditional health insurance plans, a means of paying for coverage without receiving certain benefits that more traditional health plans are known for offering. Like HMOs and PPOs, HSAs fall under the managed care umbrella, which focuses primarily on preventive care measures as opposed to total coverage, or indemnity, plans. Managed care plans, on the whole, are designed to be cheaper. With a HSA, the individual or employer pays a high deductible and makes regularly scheduled deposits into an account designated for the use to pay out-of-pocket expenses such as medical, dental, and vision costs.
HSAs are provided in two forms: a qualified high deductible insurance policy with a low premium or a tax-deductible investment account. A qualified high deductible account is sponsored by employers, who deposit a preset amount of money into their employees’ HSAs every month, quarter or year. A tax-deductible investment account is at the sole responsibility of the individual. The maximum contribution amount per calendar year varies from policy to policy. Remember, you can only have one or the other: an individual cannot contribute to an HSA if their employer is already doing so, and vice versa.
HSAs in any form are 100 percent tax-deductible. Any funds not used in a given calendar year are 100 percent transferable from one year to the next, collecting much welcomed interest on the balance.
Q:
My family just moved to Las Vegas. What resoures can I use to find information on Nevada State insurance laws and different types of insurance policies?
A: Web sites such as Insurance Information Institute (www.iii.org) offer clear and basic definitions for insurance coverage types. The Nevada Division of Insurance (www.doi.state.nv.us) is helpful to residents just entering the Valley as it details current information on insurance guidelines and restrictions for the state, and updated news on legislation pertaining to the insurance industry
Q:
I just got married. What do I need to know insurance-wise?
A: A new marriage calls for a husband and wife to assess their insurance needs. If both are full-time employees, the couple should evaluate the cost and benefits of coverage under the same medical plan, and make certain to enroll in a timely manner. Most plans require that a new spouse be added within 30 days of marriage. Depending upon the couple’s status as parents, step-parents, adoptive parents or future parents, they should review dependant coverage and pregnancy coverage options with their insurance agent. In addition, life insurance and retirement plans should also be updated to reflect the new spouse as primary beneficiary. A couple may also consider revising their renter’s or homeowner’s policy to include coverage for valuables including wedding rings and other items they may have received as wedding gifts. Lastly, they should look at combining coverage for auto insurance, which may save premium dollars.
Q:
How are life insurance plans beneficial for my future?
A: In the event of a serious accident, illness or untimely death, Orgill/Singer recommends life insurance and short and/or long term disability insurance for family income earners.
A major illness, injury or death of a breadwinner can spiral the whole family into mass debt. These policies can replace lost income and pay-off large debts. Many life insurance policies can be purchased with provisions for accidental death and dismemberment that, when triggered, can offer additional benefit amounts for beneficiaries.
A disabling illness or injury can catch any family by surprise. Having a short or long term disability plan can help make up for lost wages during a period of disability. Some employers offer disability coverage as part of their employee benefit packages, or private policies can be purchased on an individual basis.
Q:
When should I start planning for retirment and what options do I have for investment?
A: In planning for retirement, the sooner you start preparing—the better. 401(k) plans are probably the most common tax-deferred investment vehicle used for retirement and are generally available through employers with or without employer contributions. However, pensions, savings and other investments can also factor into retirement income. In order to protect these assets, consider long term care insurance as part of your insurance portfolio.
The need for long term care can be caused by the onset of a disabling cognitive impairment (i.e., Alzheimer’s disease or dementia) or inability to perform activities of daily living due to the natural aging process. Long term care insurance is private insurance that preserves freedom of choice for the covered individual and can protect loved ones from the overwhelming burden of becoming a caregiver.
Q:
What should I do if I am involved in an automobile accident?
A: First, you should always have copies of your vehicle registration and proof of insurance in your car within easy reach, preferably in the glove compartment. Read your insurance policy from start to finish and become familiar with what your coverage entails. Chances are you have never even glanced at the provisions of the policy. There will be conditions on the policy that will also tell you what you should do if you are involved in an accident
It may be useful to keep a pen and notepad in your car as well to provide a more accurate account of the accident to aid police officers and to exchange insurance information with the other parties. Make sure you retrieve names, addresses, drivers’ license numbers as well. Many companies and/or agents provide accident forms that should also be kept within easy reach that can guide you in obtaining all of the pertinent information from the drivers involved. Once you have exchanged all pertinent information from all parties, contact your insurance company immediately regardless of who’s at fault.
Repairs and compensation are another story. Hopefully it is just cars that suffer damage and not people. If your car is completely wrecked and deemed useless, be aware that the compensation you receive may not be anywhere near the amount that you paid for the car. If by the stroke of luck your car can be repaired, make sure you get the type of repair you want. Your insurance company may set up the process for you, but you have the right to get second or third opinions.
How to Prepare for Life’s Events
As life changes, so do our insurance needs. From becoming a parent to coping with the loss of a loved one, insurance needs and financial profiles can change as easily as the diverse paths our lives take. Orgill/Singer & Associates encourages clients to be mindful of life events that can present the need to purchase new insurance coverage, and change or update existing policies.
Starting a Life Together: Beyond the wedding and honeymoon, a new marriage calls for a husband and wife to assess their insurance needs. If both are full-time employees, the couple should evaluate the cost and benefits of coverage under the same medical plan, and make certain to enroll in a timely manner. Most plans require that a new spouse be added within 30 days of marriage. In addition, life insurance and retirement plans should also be updated to reflect the new spouse as primary beneficiary. A couple may also consider revising their renter’s or homeowner’s policy to include coverage for valuables including wedding rings. Lastly, they should look at combining coverage for auto insurance which may save premium dollars.
Major Illness/Injury or Death: In the event of a serious accident, illness or untimely death, life insurance and short and/or long term disability insurance for family income earners is strongly recommended.
A major illness, injury or death of a breadwinner can spiral the whole family into mass debt. These policies can replace lost income and pay-off large debts. Many life insurance policies can be purchased with provisions for accidental death and dismemberment that, when triggered, can offer additional benefit amounts for beneficiaries.
A disabling illness or injury can catch any family by surprise. Having a short or long term disability plan can help make up for lost wages during a period of disability. Some employers offer disability coverage as part of their employee benefit packages, or private policies can be purchased on an individual basis.
Retirement: In planning for retirement, the sooner you start preparing—the better. 401(k) plans are probably the most common tax-deferred investment vehicle used for retirement and are generally available through employers. However, pensions, savings and other investments can also factor into retirement income. In order to protect these assets, Warthan urges clients to consider long term care insurance as part of their insurance portfolio.
The need for long term care can be caused by the onset of a disabling cognitive impairment (i.e., Alzheimer’s disease or dementia) or inability to perform activities of daily living due to the natural aging process. Long term care insurance is private insurance that preserves freedom of choice for the covered individual and can protect loved ones from the overwhelming burden of becoming a caregiver.
For more information on Orgill/Singer & Associates Insurance Policies, contact 796.9100.
International Insurance Coverage
Orgill/Singer & Associates recognizes the needs of those residing and working abroad. The International Insurance Service is a comprehensive solution, which quickly researches and identifies products requested by clients with International Insurance needs.
This service enables Orgill/Singer to deliver international insurance polices for expatriates and local nationals, extending to include Health, Life, and Disability, serviced by the world’s foremost medical emergency assistance companies.
Services provided through the International Insurance Division, which are powered by TransWorldconneX of Vancouver, B.C., will be of particular value to employers sending its staff to work outside of the United States, as well as local government agencies looking to entice international companies to move their operations (and their staff) to Nevada. The program includes products offered by major international insurance providers and program managers such as American Medical Security, Blue Cross & Blue Shield Asia, Citadel, Lloyd's of London, Pacific International and WorldDoc.
For more information on International Insurance, contact your Orgill/Singer & Associates Representative.
