Comprehensive Insurance Solutions
Above & Beyond Insurance Services specializes in personalized life and medical insurance tailored to your unique needs. We offer affordable options, including Life Insurance, Medical Plans, Disability Solutions, Annuities, and Medicare, aiming to provide you with peace of mind and financial security for the future.
Short Term Medical Insurance & Bridge-to- Medicare Plans
Our Short Term Medical insurance gives you an affordable and flexible plan to face those unpredictable moments in life with confidence
These plans are designed to help bridge gaps in your health care coverage and can provide the financial protection you need from unexpected medical bills and other health care expenses, including:
• Doctor visits and some preventative care
• Emergency room and ambulance coverage
• Urgent Care benefits
• Rx discount card and some plans offering limited Rx coverage
• Deductibles from as low as $2500 up to $25,000
• Expansive PPO networks
• Coverage from 1 to 4 months
It is important to remember that Short-Term Medical (STM) Insurance must be medically underwritten and they do usually not cover pre-existing conditions. Also, these plans are not compliant with the
Affordable Care Act (ACA – Obamacare)
and don’t require Minimum Essential Coverage (MEC) benefits like ACA plans do but for many people, and in many situations, the best Short-Term health insurance plan they can find may just be the right solution.
Because the STM plans aren’t required to have these additional benefits, the premiums are a fraction of the cost of most ACA plans (unless you qualify for a subsidy). Additionally, the individual mandate has been eliminated which means you will not be charged a tax/penalty for not enrolling in an ACA health plan.
LIFE INSURANCE COVERAGE Effective Life Insurance Policies
When it comes to planning for your family’s future, life insurance is one of the most important things you have to consider.
By investing in the right policy now, you can virtually ensure your family’s financial stability for years to come. However, choosing the right life insurance policy isn’t so easy. It requires an in-depth knowledge of the industry and carriers, and that’s why you should always rely on Above and Beyond.
Dependable Long-Term Care
If, at some point in the future, you are diagnosed with a chronic illness or condition (like Alzheimer’s) or return home from a rehab centre, having a long-term care policy from Above and Beyond will provide you with various benefits, including assisted living and a significant decrease in expense costs. It doesn’t matter if you’re suffering from an injury, illness, or disease, our agents will find the best coverage for you.
With a policy in place, coverage can be almost cripplingly expensive. The impact on you and your loved ones might simply be too much to handle. Above and Beyond will work with you to choose the options and services you need, where you’re cared for, and who will take care of you in the event that you need such assistance.
DISABILITY INSURANCE Disability Insurance Coverage
Disability insurance pays a portion of your income if you can’t work for an extended period because of an illness or injury. We buy auto insurance for our cars, homeowners insurance for our homes, life insurance for our lives and family protection, but fail to think about the importance of disability insurance to protect our paychecks!
ANNUITIES Deferred And Income Annuities: Understanding Your Options
Generally speaking, annuities are broken down into two categories: deferred and income. Both of them work differently and both come with a unique set of benefits and advantages.
Tax-Deferred Annuities (Retirement Savings)
If you’re looking to increase your retirement savings once you’ve already hit the maximum contributions allowed by your 401(k) or IRA, deferred annuities might be a good option for you. Just like other tax-deferred investments, the earnings from deferred annuities compound over time. This will provide you with growth opportunities that taxable accounts cannot offer.
Plus, deferred annuities have no IRS contribution limits, which means that you’ll be able to invest any amount you prefer for your retirement. You also have the option of using your own savings to create a guaranteed stream of income.
It’s important to note that withdrawals of taxable amounts for an annuity are all subject to income tax. If withdrawn before the age of 59½, there may also be a 10% IRS penalty. Annuities come with charges on an annual basis that aren’t found in mutual funds, and this will have an effect on your return.
While deferred variable annuities may present potential investment growth, there is some market risk. Variable annuities are, generally speaking, a better option for investors who are better situated to handle fluctuations in the market.
Deferred fixed annuities offer investors a guaranteed rate of return for a number of years and may be more suitable for conservative investors. And while they’re similar to certificates of deposit (CDs), they differ in various ways, including:
- Annuities are not FDIC insured
– Withdrawals from annuities (before 59½ years of age) are potentially subject to a 10% IRS penalty
– With a deferred fixed annuity you may have more access to assets
– Your annuity earnings will compound on a tax-deferred basis
Income Annuities (Income In Retirement)
If you’re approaching retirement, the fact that income annuities offer guaranteed income for life (or a set period of time) may make them a more appropriate option for you. Plus, you’ll still be able to be more aggressive with your portfolio’s other investments. It’s important to note, however, that you may have limited or no access to the assets used to invest in income annuities.
Immediate fixed income annuities provide predictable (guaranteed) payment for life or a fixed amount of time. Your payment can’t be affected by volatility within the market, thus shielding you from risk.
Deferred income annuities are fixed and have a deferral period before your payments begin. Due to the deferral period, you may receive a higher payment than you would from an immediate fixed income annuity. Deferred income annuities also offer a cost of living increase for an additional cost.
GET THE RIGHT MEDICARE PLAN FOR YOU Avoid Paying Outrageous Medical Bills
Unfortunately, there is no “one-size-fits-all” Medicare plan. Choosing the right plan the first time is critical. Navigating through the complicated and complex Medicare maze can be very frustrating and confusing for most Americans. It doesn’t help that Medicare laws and plans are constantly changing.
WE COVER THE ENTIRE STATE OF FLORIDA
ACA/OBAMACARE Health Insurance Plans
Having Health Insurance can mean the difference between crushing medical bills or peace of mind knowing your family is covered in the event of a health emergency.
Navigating insurance options can be complicated and time-consuming. We do the hard work for you. We are independent, so we are not beholden to one specific carrier.
Our mission is to get you the best coverage possible, at the lowest possible cost. How do we do this? First, we listen to your concerns. Then, we research your options from many different providers. Finally, we only recommend those coverage options that work best for you.
Typically, you can only sign up for an ACA Health Plan during open enrollment from Nov. 1 – Dec. 15, but these times are anything but typical! You could qualify for a Special Enrollment Period (SEP) when there is a life-changing event. Time is of the essence because usually, you must apply within 60 days of the qualifying event.
Many of our clients are shocked when we tell them they qualify for subsidies and even $0 premiums. If you previously shopped for health insurance and thought it was too expensive, you should call us and let us go to work for you. You won’t know unless you make the call. The call is free and only takes a few minutes.
Contact Above & Beyond Insurance Services
Contact Lori Gaines By phone: 904-942-2890Email: lori@abovenbeyondinsurance.com