Defining Types of Healthcare Coverage

Defining Types of Healthcare Coverage

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Deciding what type of healthcare coverage is the best for you and your family can be intimidating. Between social media ads, commercials on television and employer offerings, how is one to determine the best decision in choosing the most applicable healthcare coverage?

There are varying factors in choosing the most appropriate healthcare coverage including:

  • Age
  • Lifestyle
  • Medical History
  • Income
  • Family
  • Debts

At American Online Benefits Group, we offer you, the consumer, a variety of options to suit your needs and the needs of your family, including your pets. Our software grants us the ability to bundle different products together to build very individualized healthcare coverage plans. Here is a list of the different products available for you to add to your “shopping cart” and get the exact coverage you need at a price you can afford:

Healthcare Indemnity: This plan pays you a certain predetermined amount for health care expenses specified in the plan, with no deductibles to meet. You simply submit a claim for a qualified expense, and you are paid the amount the plan specifies for that service. The healthcare coverage included can vary from physician office visits to diagnostic laboratory testing, inpatient hospitalization to accidental death & dismemberment and more depending on the plan chosen.

Accidental Death and Dismemberment: This type of policy pays the beneficiary a pre-determined amount if the cause of death is an accident. An AD&D policy is a good add-on benefit to a life insurance policy. Coverage with this policy includes but is not limited to loss of (with detailed requirements):

  • Life
  • Speech/ Hearing
  • One or Both Hands/Feet
  • Hemiplegia/ Paraplegia/ Quadriplegia
  • Limbs

Dental: Dental insurance is healthcare coverage paying a portion of the costs associated with preventative, minor and some major dental care. Different policies have varying waivers when it comes to deductibles, annual maximums, waiting periods, Classes used to define the types of services, plans to choose from and value-added perks accompanying each policy.

Vision: Vision coverage provides assistance with comprehensive annual exams with benefits towards frames, lenses and contacts. All amounts covered by each plan is dependent on if a participating or non-participating provider is chosen. Additional coverage may include discounts on LASIK surgery.

Critical Illness: With a variety of healthcare coverage options, this benefit may pay for any covered person upon the first ever diagnosis by a physician of one of the following covered conditions or procedures, determined by the policy chosen:

  • Heart Attack
  • Invasive Cancer
  • End-Stage Renal Failure
  • Stroke
  • Major Organ Transplant
  • Cancer In Situ

Identity Protection: Identity protection helps with restoring personal identity when cyber security is breached and information such as name, birthdate, Social Security number or credit card information is stolen. Additional monitoring services include:

  • Password Protector
  • Change-of-Address Monitoring
  • Court Records Monitoring
  • Payday Loan Monitoring
  • Sex Offender Notification

Discount Pet Plan: Sometimes when there are multiple pets in the home, affording pet insurance may not be ideal. Pet parents however still want a way to care for their fur babies and we have created a solution to help. Including all pets in the home for one low monthly price, we offer a discount pet plan that combines four benefits into one package:

Pet Insurance: We have made purchasing pet insurance easy. Our plan prices do not require the age, breed or location of your pet. We only ask: Do you have a dog or a cat? Do you want a $2,000 or $5,000 annual max. There is a $100 deductible and 90% reimbursement for the life of the pet. Also included are four value-added benefits:

  • Pin Paw
  • whiskerDocs
  • RX Valet for Pets
  • Wigglepon

RX Coverage: Pharmaceuticals costs can be outrageous. An affordable healthcare coverage option is a membership to a prescription supply company for discounts and savings. Whether generic or preferred brand names, prescriptions are available for local pharmacy pick-up or home delivery depending on the plan chosen. Additionally, Prescription Assistance, Diabetic Supply Program, and low-cost co-pays may apply.

Term Life: Renewable in 10-year increments until the attained age of 70, our low-cost term life product provides your family with peace of mind should you suffer death. Available in different amounts depending on age, this healthcare coverage benefit is Simplified Issue Group Level Term Life Insurance.

Preventative & Wellness: This healthcare coverage plan provides 100% coverage for ACA mandated preventative services. With guaranteed issue and no exclusions for pre-existing conditions, this plan is geared towards individuals who are interested in having a level of coverage, compared to none. Included in this plan:

  • Four physician visits per year with $25 co-pay
  • Screenings and Immunizations
  • Diagnostic tests for preventative/ wellness (x-rays/ bloodwork)
  • Many more other test/ screenings included
  • Value-added benefits include Teledoc, RX Valet and more

At American Online Benefits Group, we offer each plan listed above with one or more carrier and healthcare coverage plan options. We strive to build individualized plans for our customers to meet their needs and the needs of their families, pets included. Please contact our agent or member services to receive more information at 214-389-9072.

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