Insurance

3 Unexpected Procedures That Are Covered By Health Insurance.

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Obviously, there are many things that medical insurance will not cover. At the same time, some procedures may seem frivolous but will be covered by insurance under certain conditions. Some have to cover these procedures by law, or some insurance companies will have their set policies for their procedures. It is recommended to consult with an insurance company that services Fords, NJ, like Five Star Insurance Agency, to see if you will be covered.

Weight Loss Surgery

Many insurance policies in New Jersey will cover weight loss procedures as long as you meet the terms as described in the policy. If the patient has an extremely high BMI and it is threatening his or her life, then immediately weigh-reducing procedures will likely be covered. Diseases that may be caused by extreme obesity include heart failure, diabetes, hypertension, or artery disease. Many policies will require that the patient will participate in weight loss programs before considering drastic surgeries.

In Vitro Fertilization (IVF)

Thanks to the Family Building Act that was passed in 2001, New Jersey is one of the few states that mandates insurance companies to include coverage for IVF. The state recognizes that infertility is a serious disorder, so they have required insurance companies that have pregnancy-related benefits also to cover IVF. This mandate also covers other fertility-related treatments including medication, embryo transfer, artificial insemination, and more.

Breast Reduction Surgery

Breast reduction is mostly associated with elective surgeries, but it can be covered by insurance in some instances. If the patient has well-documented health problems that have been proven to be caused by large breasts, then they are likely to be eligible. Severe Neck, back, or shoulder pain is often the top causes for concern when considering breast reduction.

If you have any of the above issues or other unusual health problems, contact Five Star Insurance Agency to see which policies may cover you. This agency has a reputation that precedes many years, and they just happen to cover the residents of Fords, NJ.

Comparing Term And Whole Life Insurance

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Living in Fords, NJ provides you with an array of benefits. It’s important to build the best life for yourself, and that also means having a life insurance policy. Our agents at Five Star Insurance Agency work hard to make sure that you have a policy that makes sense for you and your family. Understanding the differences between term and whole life insurance are vital.

Term Life Insurance

Term life insurance is one of the most popular options, and most of this is because of its affordability. You will commonly choose a term between 10 and 30 years for your life insurance to be valid. It offers protection during that term. If you live past the term, you no longer have life insurance. While it is often a policy that you can renew, the renewal will be considerably more expensive because of passing the initial term.

Whole Life Insurance

Whole life insurance provides a significant amount of protection for you throughout your lifetime. As opposed to selecting a term, you have the coverage for your entire life. Additionally, there is a cash value associated with the policy after you have been paying into the plan for several years. This provides you with the opportunity to have a supplemental retirement income.

Choosing a life insurance policy in Fords, NJ is not something you want to dismiss. You need to look at your current finances, your age, your health, and what kind of retirement benefits you are likely going to see as you get older.

When you need help comparing the differences between term life insurance, you can rely on independent insurance agents. Call us at Five Star Insurance Agency and we can work with you individually to help you find a life insurance policy that works for you.

 

Tips for Selecting the Right Commercial Insurance Coverage Amount

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It is important that you select the right amount of coverage for your commercial insurance needs at your Fords, NJ business. If you select an amount that is too low, your losses may not be covered if something goes wrong. If you select an amount that is too high, you may be paying more for coverage that you can never benefit from. Here are a few tips from Five Star Insurance Agency to help you select the right amount of coverage for your commercial insurance needs.

Value Your Belongings Properly

The first tip is to properly value your belongings and merchandise. Many people value the items in their business based on what they paid for them. However, if your business goes up in flames, the insurance company will only pay you the value of the items, not what you paid for them. A used computer is nowhere near as much as a new one. Properly value your items to get the right coverage amount.

Find Out What is Covered

When determining a coverage amount, find out what is covered under your commercial insurance policy. For example, the building itself is likely not covered if it goes up in flames, as that is covered under property insurance. Determining what is and isn’t covered will help you determine how much coverage you may need.

Work With a Great Insurance Company

A great insurance company will help you to come up with the right commercial coverage amount. Coming to the right amount can be challenging. This is why you should let an expert help. An insurance broker has years of experience determining the right amounts and knows what factors to consider.

If you need commercial insurance, let Five Star Insurance Agency, serving the greater Fords, NJ area, help you. Our trained insurance specialists can help you select the right coverage amount for your commercial insurance policy. Give us a call today to get started.