Major Medical|Forbes Insurance Agency

Why Major Medical is so Important for Asset Protection

In Major Medical Insurance, the insured is responsible for paying a deductible before insurance pays benefits. Then, there is an additional co-insurance feature based on a % of additional expense (customarily 100%, 90%, 80%, 70% and in some cases 50%).

The consumers first meets their deductible then pays an additional co-insurance % selected, then the insurance provider pays the balance. Insurance companies pay 50%, 70%, 80% or 90% of the medical bills and the insured would be responsible for the remaining 10%, 20% or 30%. major medical insurance for South Carolina

In the 100% co-insurance scenario the consumer only has to meet their deductible and then the insurance provider pays the balance at 100%. (Obviously the 100% co-insurance is a better choice but does raise the monthly premium…once again the Forbes Insurance Agency will design a plan for you based on your health needs and budget.

With the PPO Plan (Preferred Provider Organization) the insured can choose to go to any doctor or hospital to receive services, pay the provider directly, and then be reimbursed 70%, 80% or 90% of the bill by the insurance company. When people speak about “traditional health insurance,” they are referring to Major Medical Health Insurance.

The Forbes Insurance Agency of South Carolina is committed to providing the very best service and information to our clients regarding their health insurance. We focus on a COMPLETE SOLUTIONS PLAN. Given the advances in today’s medical profession, if you suffer from a Critical Illness (Heart, Diabetes, Cancer etc), or Disability, you more than likely will recover by undergoing the best medical treatments and therapy. The average recovery time from a Critical Illness is 7 ½ months. Having Health Insurance from an “A” rated provider is mandatory. However, at the Forbes Insurance Agency and the National Brokers Network we make sure that ALL your assets are covered.

In case of an extended recovery from a critical illness or accident.

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How do you protect your income?
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How do you protect your lifestyle?
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How do you protect your investments and your retirement?

Who pays the living expenses of the family when income is lost?

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Mortgage
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Utility bills
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Grocery bills
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Car payment
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Taxes and
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Credit card payments
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Etc. Etc. Etc.
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Most American's don’t have enough savings to survive being out of work for 7 ½ months during the recuperation period. In fact over 50% of all bankruptcies in the United States are the result of people who did not have the savings to pay their living expenses during an extended illness, and the majority of these people had health insurance.

Not having an income during these times is often neglected and as a result the client survives the Critical Illness but Dies Financially. We present to all our clients a COMPLETE SOLUTIONS PLAN covering Health Insurance, Critical Illness and Disability, and provide for Accident coverage at a price that often times are cheaper than a regular health insurance plan with a low deductible

Just having your medical bills paid still leaves your assets at risk! We can make sure you’re completely covered and “SAVE” you money at the same time. That’s why people come to us from all over the United States.

We provide greater protection for less money!

Why We Focus on PPO Health Plans

The Forbes Insurance Agency focuses primarily on PPO Plans (Preferred Provider Organization) in offering Major Medical Coverage. These plans offer the greatest flexibility and the most benefits of any type of policies.

A PPO allows you to see any doctor you choose for your health care. Yet, it does provide a network of physicians in which co-payments and deductibles will be less costly. By staying in network, you will benefit from some savings. Network physicians determine reasonable charges; therefore, if an out-of-network physician charges more for services, the insurance company will still pay only for the in-network charges, thus leaving you with the financial obligation to pay the difference. The insured will often pay higher fees for out-of-network services.

The Forbes Insurance Agency is here to help you! Our job is to get South Carolina residents a health insurance plan that both fits within your budget and meets your medical needs. Call Me Toll Free: (800) 418-7442