Owen Financial Services can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, unsatisfied medical bills, pay off a mortgage and other outstanding debts, and then maintain a comfortable standard of living.
Individual health insurance programs are designed for individuals and families who cannot obtain health insurance through an employer. Due to the rising costs of medical care, it is important to provide health insurance for you and your family. Owen Financial Services offers health insurance programs to individuals which offer extensive coverage as well as high-deductible coverage which are designed to protect against potentially catastrophic financial losses.
Individual Dental Insurance is available to individuals and families that are not covered by group or employer-sponsored dental insurance. Occasionally, for those without dental insurance, cost often stands in the way of getting the care needed to maintain healthy teeth and gums
Individual Vision Insurance is available to individuals and families that are not covered by group or employer-sponsored vision insurance. Occasionally, those without vision insurance, neglect annual checkups and miss the detection of ailing eyes. Routine preventive care or corrective aid can mean a substantial amount of money out of your pocket.
Individual Disability Income Protection is a must for a business owner and is recommended for executives. If you are a business owner, you should consider purchasing both group and individual policies. The cost of a plan sponsored by an employer is usually less than the cost you would pay for an individual disability policy and often you can get coverage automatically without having to qualify medically. If your employer doesn’t provide disability insurance then you may want to consider an individual disability policy.
Long-Term Care Insurance
Long-Term Care is the type of care received either at home or in a facility, when someone needs assistance with daily living activities, such as bathing, using the restroom and dressing due to an accident, an illness or advancing age.
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD). The different parts of Medicare help cover specific services.
Critical Illness Or Accident Insurance
Critical illness protection helps provide comfort to individuals who are concerned with the financial liability a serious health event can leave behind and offers multiple coverage options to accommodate almost any budget. This protection helps cover expenses from initial diagnosis through treatment.
Accident insurance helps with the unexpected out-of-pocket costs that can hurt the family budget when accidents happen – like ER visits and hospitalization. In addition, plans offer multiple coverage options to accommodate almost any budget.
Employer (Benefits) Insurance
Group Health Insurance
Owen Financial Services work diligently to stay abreast of current law and regulation regarding employer-sponsored health insurance. Group size is still a factor and currently, Small groups are defined as 1–50 total employees. Large groups are defined as 51 or more employees. The style of a plan is important as well. HMO (Health Maintenance Organization) offers the most cost effective coverage. Members choose a primary care physician (PCP) to coordinate all their medical care. PPO (Preferred Provider Organization) plans allow more freedom of choice in visiting doctors and hospitals by including an out-of-network benefit; however, out-of-pocket costs are lower when members see in-network providers. POS Or POS-C (Point of Service/Point of Service Copayment) offer comprehensive HMO benefits for in-network services and indemnity coverage for out-of-network services. Members determine their coverage at the “point of service,” or when they choose a doctor, clinic or hospital and receive services. Members choose a primary care physician (PCP) to coordinate all their medical care in-network. HSA-Compatible plans work with Health Savings Accounts (HSAs). HSAs combine employee involvement in managing their own health care with tax advantages. They work a bit like IRAs but for health care. Provider Networks are important as everyone has and wants providers or doctors and hospitals they know and trust. More employers are choosing self-funded plans. With self-funded plans, employers retain the risk of paying for their employees’ health care. When employees and their dependents have fewer claims and fewer expensive illnesses, the self-funded employer realizes an immediate positive impact on overall healthcare costs. The employer has greater control over how funds are used and must exercise solid decision making in the benefit management and administration of the plan.
Group Dental Insurance
Owen Financial Services offers employer-paid, voluntary and self-funded dental coverage. Benefit designs can be customized with a choice of flexible options to meet employers’ needs. We offer a variety of benefit designs to meet your needs. Employer-paid coverage is available to groups with as few as three employees, and voluntary coverage to groups with as few as five employees.
Group Vision Insurance
Vision insurance is offered via a comprehensive portfolio of employer-paid, voluntary and self-funded vision coverage. This low-cost product is easy for employers to administer and easy for employees to understand. Exams, frames, lenses and contacts are all covered. We offer employer-paid coverage for groups with as few as three lives, and voluntary coverage for groups with as few as five lives. Availability of options may vary by state.
Group Disability Insurance
Disability insurance can protect from a serious illness or unexpected injury that can jeopardize an employee’s financial future. By offering group disability insurance, you can offer a benefit solution that helps keep your employees – and your business – protected. Group Long-Term Disability (LTD) and Short-Term Disability (STD) insurance are an affordable high-quality solution, at group rates. Disability products offer a high degree of flexibility along with outstanding and comprehensive claim management services. Most American workers are financially unprepared to live without a paycheck should they become disabled. In fact, 68% of the private sector workforce has no long-term disability insurance.
Group Critical Illness Insurance
Surviving a critical illness can take a financial toll on employees and their families. Critical illness insurance helps supplement key benefits such as medical and disability coverage by providing a lump sum cash benefit. This can be used to help pay for additional expenses such as medical deductibles, travel cost, home health care, lost income of a spouse or even a vacation.
Group Life Insurance
Employer-paid group term life and voluntary term life coverage with the flexibility needed to meet a variety of business and individual needs. Adding Accidental Death & Dismemberment (AD&D) to these coverages gives employees even more benefits. Employer-paid coverage for groups with as few as three lives, and voluntary coverage for groups with as few as five lives. Availability of options may vary by state.
Group Medicare Insurance
Retirees, as well as employees with Medicare as primary, are eligible for group coverage. Underwriting isn’t required. Members must continue to pay their Medicare Part B premium if not otherwise paid for under Medicare or by another third party. Employers can contribute anything from $0 to the full amount toward enrollee premiums. If retirees within the organization qualify for different levels of employer contribution, the employer can establish those levels.
Group Accident Insurance
Nobody plans to be in an accident. But when it happens, Group accident insurance pays certificate-holders directly (unless otherwise assigned). Plan pay benefits that can be used toward medical expenses that major medical was never intended to cover – or for everyday bills and help certificate-holders stay-up-to-speed while recovering from an accident, regardless of an existing employer-sponsored healthcare benefit.