Illuminate Benefits Group, LLC

With Health Insurance, Cost Sharing is the share of costs covered by your insurance that you pay out of your own pocket. This term generally includes deductibles, coinsurance, and copayments, or similar charges, but it doesn't include premiums, balance billing amounts for non-network providers, or the cost of non-covered services.

Fast Fact: If you have a high deductible health insurance plan (a plan with a deductible of at least $1,500 for an individual or $3,000 for a family), you can add an HSA to pay for medical expenses with pre-tax income.

An Out-of-Network Copayment is a fixed amount (for example, $30) you pay for covered health care services from providers who don't contract with your health insurance or plan. Out-of-network copayments usually are more than in-network copayments.

“Don’t wait your turn. Bet on yourself and have the confidence to stand up and say, ‘My time is now.'”

The primary requirements for an HRA are that (1) the plan must be funded solely by the employer and cannot be funded by salary reduction, and (2) the plan may only provide benefits for substantiated medical expenses.

Confused about your health insurance options? Contact us today so we can review your situation!

The cost of a Medigap policy depends on which plan letter you choose and then varies by zip code, age, gender, and to***co use.

Fast Fact: Don’t forget that Medigap policies also do not include Part D, so you will purchase your drug plan separately.

“Work hard in silence, let your success be the noise.”

A “Participating Provider Option (PPO): is a health plan that supplies services at a higher level of benefits when members use contracted health care providers. PPOs also provide coverage for services rendered by health care providers who are not part of the PPO network; however, the plan member generally shares a greater portion of the cost for such services.

A health insurance “special enrollment period” is a time outside the yearly Open Enrollment Period when you can sign up for health insurance. You qualify for a Special Enrollment Period if you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child, or if your household income is below a certain amount.

With health insurance a “generic drug” is considered a prescription drug that has the same active-ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. The Food and Drug Administration (FDA) rates these drugs to be as safe and effective as brand-name drugs.

A health reimbursement arrangement (HRA) is a tax-advantaged benefit that allows both employees and employers to save on the cost of health care.

“You must do the thing you think you cannot do.”

Preventive Services means health care to prevent illness or detect illness at an early stage, when treatment is likely to work best (for example, preventive services include Pap tests, flu shots, and screening mammograms).

Reminder, the “Waiting period: is the period of time that an employer makes a new employee wait before he or she becomes eligible for coverage under the company's health plan. Also, the period of time beginning with a policy's effective date during which a health plan may not pay benefits for certain pre-existing conditions.

Because Medigap plans are standardized, you’ll want to look at carriers’ rate increase history and financial ratings to help you choose.

Honoring Our Heroes This Memorial Day

Today, we remember the brave men and women who made the ultimate sacrifice for our freedom. Their courage and dedication will never be forgotten.

Here are some ways to honor our fallen heroes:

⭐️ Visit a local cemetery and place a flag on a veteran's grave.

⭐️Attend a Memorial Day parade or ceremony.

⭐️ Donate to a veterans' organization.

⭐️ Take a moment to reflect on the true meaning of Memorial Day.

Let us never forget those who gave their all.

An HSA is a tax-advantaged savings account whose funds can be used to pay qualified health care costs for you, your spouse and your dependents. The account is a great way to pay for qualified health care costs with pre-tax dollars.

Our greatest glory is not in never failing, but in rising up every time we fail.

Hospital indemnity insurance is a type of plan that pays a set amount – per day, per week, per month, or per visit – if you’re confined in a hospital. The Hospital Plan is a hospital indemnity insurance plan.

Accident Insurance helps you handle the medical and out-of-pocket costs that add up after an accidental injury. This includes emergency treatment, hospital stays and medical exams, and other expenses you may face, such as transportation and lodging needs.

Can I use HSA for dental? You can also use HSAs to help pay for dental care. While dental insurance can help cover costs, an HSA can also help cover any out-of-pocket expenses resulting from dental care and procedures.

There are many ways of going forward, but only one way of standing still.

Flexible spending accounts, or FSAs, will allow employers and employees to expand the tax-saving benefits of a premium only plan. They also enable companies to provide superior health care benefits, increasing employee satisfaction, and retention.

🏥 Your one-stop destination for comprehensive health coverage solutions! From health insurance to dental, vision, accident, critical illness, and hospital indemnity coverage, we've got you covered every step of the way! 💼💡

🦷 Keep your smile shining with our dental insurance options, ensuring you and your family receive top-notch oral care! 😁✨

👓 See the world with clarity through our vision insurance plans, providing you with access to quality eye care and eyewear! 👁️🌎

⚠️ Accidents happen, but with our accident coverage, you can have peace of mind knowing you're protected financially in case of unexpected mishaps! 🚑💼

💪 Face critical illnesses head-on with our critical illness coverage, offering financial support during challenging times, so you can focus on recovery! 🎗️💕

🏥 And when life throws you a curveball, our hospital indemnity coverage ensures you're financially prepared to handle medical expenses, allowing you to focus on what truly matters: your health and well-being! 🩺💰

Illuminate Benefits Group is lighting the path to your best coverage options and giving you peace of mind! Contact us today to learn more about how we can tailor a plan to fit your needs! 💡✨ 🌟

Medigap plans are standardized, meaning each plan offers the same benefits no matter the carrier you choose. However, the monthly premium you will pay depends on different factors like your age, gender, to***co use, zip code, and more.

Out of Network Coinsurance is your share (for example, 40%) of the allowed amount for covered health care services to providers who don't contract with your health insurance or plan. Out-of-network coinsurance usually costs you more than in-network coinsurance.