by | Feb 15, 2019 | long term care insurance
Long-Term Care Insurance.
Who needs Long-Term Care Insurance? Anyone who does not have the means to pay for long term services and support in a nursing home setting may be at high risk for losing everything. The statistics show us that 70% of those over 65 will need some sort of long-term care during their lifetimes*. Are you prepared? Neither health insurance nor Medicare pay for personal or custodial care. This includes the type of nursing services associated with recuperation or assistance in daily life. Assistance with eating, bathing, dressing, and toileting are during a recuperative period can cost about $400 per day. The average stay in a nursing facility in Connecticut is 2.5 years. How can you plan for this? We are PBI, and we are in the business of insuring your future.
Long-term care describes a person’s medical needs and non-medical personal care. Care can be provided from a number of different sources, from friends and family members to paid home assistance to nursing facilities. Suppose your parent has a debilitating condition, such as dementia, ALS, or a medical condition from which he is not expected to recover. Medical services are entirely separate from non-medical services. Non-medical services include meal preparation and feeding, bathing, reminders to take prescribed medications, and bathroom assistance.
At PBI our staff is well-versed in health insurance and long term care insurance. Many assumptions are made about long term care, what it means, and how to pay for it. Whether the custodial care is needed for a post-surgical recuperative period or for terminal conditions, you need the advice of a professional so you can prepare. The PBI Staff are experts in all aspects of Medical Insurance and Medicare Benefits and we can assist you with your questions about Long-Term Care Insurance. We believe it is important to open a dialog about long-term care with your spouse and your family. At PBI Insurance, we will be happy to meet with you to talk about your options for long-term care. We have offices in West Hartford and Hamden for your convenience. 860-233-1171.
*U.S. Department of Health and Human Services
by | Dec 30, 2018 | long term care insurance
PBI can help save your nest egg with Long Term Care Insurance. Long Term care insurance, when purchased early, can help pay for nursing care for terminal conditions. Are you aware that neither health insurance nor Medicare pay for personal or custodial care? This includes the type of nursing services associated with recuperation or assistance in daily life. Assistance with eating, bathing, dressing, and toileting are during a recuperative period can cost about $400 per day. The average stay in a nursing facility in Connecticut is 2.5 years. How can you plan for this? We are PBI, and we are in the business of insuring your future. Many people have never heard of long term care insurance – and what you don’t know can lead to potential financial ruin for yourself or a loved one. We believe it is important to open a dialog about long-term care with your spouse and your family.
Long-term care describes a person’s medical needs and non-medical personal care. Care can be provided from a number of different sources, from friends and family members to paid home assistance to nursing facilities. According to the U.S. Department of Health and Human Services, 70% of those over 65 will need some sort of long-term care during their lifetimes. Are you prepared? At PBI our staff is well-versed in health insurance and long term care insurance. Many assumptions are made about long term care, what it means, and how to pay for it. Custodial care may be needed for a post-surgical recuperative period or for terminal conditions. The staff at PBI can answer your questions about Long-Term Care Insurance.
One of the greatest potential risks faced by America’s elderly is the need for long-term care. Long-term care insurance transfers a portion of the risk of long-term care expenses to an insurance company. Insurance helps protect you and your family from potentially devastating expenses. Medicare and Medicaid are federal programs that pay for portions of medical or non-medical care. Medicaid is the payor of last resort for those with no assets. There are strict financial eligibility requirements associated with Medicaid that vary from one state to another. Medicaid planning can be complex and challenging, and we strongly advise you consult a professional who can work through the eligibility requirements with you. Private long term care insurance is an option open to those who are able to afford it.
There are many types of long term care insurance with a wide variety of benefits. Veterans Administration Benefits also provide a home care/assisted living benefit, usually available to veterans and their spouses. Again, you must meet certain criteria to qualify for VA benefits. When it comes to end of life care, what you don’t know can devastate you financially. At PBI Insurance, we will be happy to meet with you to talk about your options for long-term care. We have offices in West Hartford and Hamden for your convenience. 860-233-1171.
by | Dec 15, 2018 | group health benefits
When your company is shopping for group health benefits for your employees, PBI Insurance has the programs and packages you are looking for. PBI provides Group Health Insurance Plans for businesses in the greater Hartford CT area. Whether you are a large firm or small, we reduce the cost of your group or individual health plans while keeping the benefits you want to offer. Our agents select the most cost effective medical and dental plan for your group. Benefits include group medical, dental, short and long term disability, group life and AD&D, retirement plans, medicare products, individual health and voluntary ancillary products.
In the insurance industry, the Agent you choose is important. When you purchase group health insurance through PBI Insurance, we continue to offer ongoing customer service. Trust that the plan we select for your company is qualified for the Affordable Care Act and Medicare purposes. Rest assured that all of your employees’ medical providers are in your network. The agents at PBI Insurance negotiate great life, disability, dental and vision plans and rates. Call us today to make an appointment with one of our knowledgeable agents at 860-233-1171.
by JT Gutcheon | Nov 15, 2018 | financial planning, financial planning services
When it comes to retirement planning, the financial advisors at PBI help you map out a successful future. Making decisions now will be the difference between success and failure. When considering retirement planning the amount of questions and considerations can become overwhelming and make it difficult to understand if you are properly prepared. PBI Insurance will help you plan successfully for your future. We can provide you with those answers to your current questions and further explore your retirement goals and needs to identify questions you may not even be aware of asking. At PBI we will provide you with an independent, experienced expert to help you plan your future accordingly. We identify your resources, obligations and goals. From there, we can assist you with developing your retirement lifestyle budget and expected cash flows. PBI Insurance will help you determine what is practical for your retirement plan and ultimately help you develop confidence in your financial health. Please call PBI Insurance to get started today! In the greater Hartford area, call 860-233-1171. We look forward to working with you soon.
by | Oct 14, 2018 | employee benefit plans, employee benefits
At PBI we offer a variety of employee benefits plans and we will work with you in order to choose the most cost effective plan that meets all of your needs. We believe it is important to select a local agency to work with you when choosing your benefits packages. With PBI Insurance you can be assured of the best coverages for your employees at the best rates. PBI helps determine which vendors and services are appropriate for a given employee benefit plan. We quarterback and champion the process, such that these value added services are implemented in a timely and efficient manner. These are some of the full range employee benefits that our company offers:
• Group Medical
• Dental
• Short Term/Long Term Disability
• Group Life & AD&D
• Retirement Plans
• Voluntary Ancillary Products
• Individual Health
• Medicare Products
You can even add some extra services on to your plans such as:
• Rectifying Claims Disputes
• Reconciling Billing Problems
• Conducting Enrollment Meetings
• Processing Enrollments/Terminations
• Updates on Industry Changes
• Premium Contribution Strategies
Call our office for more information at 860-233-1171. We are always here to help you answer any question that you may have.
