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HORAN
Protecting Your Future, Today |
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Does My Medical Insurance Cover Dental? |
When thinking of dental insurance, most of us think about getting our teeth cleaned, filled, or having a root canal. These dental services, along with many other non-emergency dental services are not covered under your medical insurance. However, emergency dental services are covered by your medical insurance, provided the emergency affects a "sound, natural tooth."
For example, if you are in a cycling accident and your natural front three teeth are knocked out, your medical insurance will cover the expenses for emergency extractions, as well as bridge work that may need to be done. Conversely, if you are in a cycling accident and 3 of your dental implants are knocked out, your medical insurance will not cover any expenses to repair the teeth. This is because the accident did not affect "sound, natural teeth." Dental insurance is much more comprehensive, but it is comforting to know that in an emergency situation, your medical insurance will cover you as well. |
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What Happens if I Name My Minor Child As My Beneficiary? |
Jennifer Johnson
 Beneficiaries are a requirement for many policies, not just life insurance. Frequently, children are a consideration for Primary and/or Contingent Beneficiaries. While it is important to name both a Primary and Contingent Beneficiary, there are some things you may want to consider prior to naming a minor child as a beneficiary.
When a minor child is named as your beneficiary, the insurance carrier will be forced to release the benefit to a court appointed guardian, if the child is still a minor when he/she is to receive the benefit. The court appointed guardian will have full access to all assets bequeathed to the minor beneficiary at your death. Your child may not directly receive any benefit, however, you can make arrangements, such as designating a trust, in order to be confident your minor child receives the benefit you have assigned.
If you are thinking of naming a minor child as your beneficiary, you should seek legal counsel. |
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What is AFLAC? |
Ellen Lewis
AFLAC is one of several supplemental insurance plans available. AFLAC offers a variety of products, including critical illness and cancer policies. These plans do not replace full medical or disability income plans. A medical plan pays for medical treatment up to the maximum lifetime benefit, usually $5,000,000. A supplemental plan pays a flat dollar amount to you according to the specifications of the policy.
For example, if you develop cancer your medical plan will pay for the cancer treatment after any deductible, copays and coinsurance have been met. A supplemental cancer plan will pay you a flat dollar per day, week or month, providing you meet the terms of the plan. The payments can be used to pay for medical deductibles, travel expenses, groceries or anything else.
The supplemental plans are designed to layer over full medical plans. Medical plans are designed to cover medical treatment, from splinters to transplants. Supplemental plans cover a very specific set of medical conditions. There are many situations that can result in large medical bills that will not trigger a payment from a supplemental plan. |
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Disclaimer
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