Summarized View:

The 24 Hour Accident Benefit Plan

Our 24 hour accident benefit plan serves to cover to holes in the health insurance world. Accident benefit insurance can be for a healthy person who feels that he is unlikely to be afflicted with any severe illness in the near future. He does not want to spend $250 plus monthly on health insurance. However, he wants insurance coverage in case he suddenly gets zapped.

The second scenario would be for a person who has an insurance plan with a high deductible and would like an overlapping plan to help pay the deductible. Accident insurance is perfect for this. There is a low monthly premium and a $100 deductible.

Florida Disability Insurance

Disability insurance is offered by very few work places in the state. When the paychecks stop then the 35 year old reverts back to an adolescent dependent on others.

For many of us, our Mom and Dad are not there to bail us out. The closest people in our lives are our co-workers and our boss. So, in effect, Joe six pack who gets disabled while water snorkeling will be coming to his former boss and former co-workers for handouts for years to come.

Or you can sign up for a disability insurance plan.

The Health Savings Account

The Health Savings Account is as close as anyone will get to free health insurance. So you might as well know about it. A Health Savings Accounts (HSA) are also available for businesses. Let one of my insurance agents give you a free health insurance quote and you will be pleasantly surprised.

Florida Medical Savings Accounts (MSA)

A MSA is a high deductible health insurance plan with an interest bearing savings account that is funded with pretax money. The savings account funds can be used for any type of medical expense with no need to adhere to network limitations.

Contributions to to a MSA in Florida is exempt from income taxes and just like an individual retirement account (IRA) they will accumulate interest on a tax deferred interest basis.

In a manner different than the IRA, the money in a Medical Savings Account (MSA)is able to be used at any time for any reasonable medical expense. Reasonable is defined by the government but the MSA defines reasonable as dentists, doctors, chiropractor, prescriptions, psychotherapy, etc.

Long Term Care Insurance

Long term care insurance can be purchased with tax-free (MSA) money. As a general rule, it is terrific idea to apply for a Florida long term care insurance policy before any illness occurs. We are not walking around with crystal balls and really don't want to imperil our spouse's lifestyle or lose our independence.

Florida Health Maintenance Organizations (HMO)

Health Maintenance Organizations (HMO) will pay for all your health care needs for relatively low co-payments. These affordable health insurance plans are available in Dade, Broward, Palm Beach, Martin and St. Lucie Counties. Florida HMO plans have a definite niche market in the insurance industry.

Your family doctor may be a "primary care physician" (PCP) for the HMO and you will end up saving a lot of money.

Saving money is not everything. There is an inherent conflict of interest in the HMO in that the health insurance company has the power to control medical expenses.

The primary loyalty of the family doctor may be to the HMO and not to you. The PCP has tremendous leeway in deciding exactly what type of care that the patient receives. Generally a HMO has a limited number of physicians who get lots of business from the particular HMO in Florida.

The doctor does not want to lose his job or business and may even be getting rich from denying care and saving the HMO money. The buyer must beware.

On the positive side, HMOs provide office visits with a single co-pay that includes routine tests and office procedures. Emergency room and hospital coverage are covered by a low co-payment.

Maternity coverage is available with a waiting period

There are various Florida health insurance companies that sell HMOs in South Florida and I would be more that happy to have a local agent bring to you rate sheets, brochures and applications to your door, mail box or even via email.