563.332.2200 craig@craigschillig.com

Health Insurance

Iowa & Illinois:

Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. It is often included in employer benefit packages as a means of enticing quality employees. The cost of health insurance premiums is deductible to the payer, and benefits received are tax-free.

HMO’s health maintenance organizations, PPO’s  preferred provider organizations, POS’s point of service networks, and HSA’s health savings accounts, we can help with these complex items.

Insurance plans with higher out-of-pocket costs generally have smaller monthly premiums than plans with low deductibles. When shopping for plans, individuals must weigh the benefits of lower monthly costs against the potential risk of large out-of-pocket expenses in the case of a major illness or accident. Health insurance has many cousins, such as disability insurance, critical (catastrophic) illness insurance and long-term care (LTC) insurance.

For more information or to schedule a one-on-one consultation please call 563.332.2200.