Get peace of mind, knowing you've helped protect your loved ones.
Life insurance can help provide for the people who depend on you financially, if you can't be there for them or to leave a legacy to your heirs. The money can be used for final expenses, help to replace your lost income, cover debts, pay your mortgage, fund a child's education, and more.
Wellspring offers three types of life insurance:
- Term life insurance offers simple, affordable coverage for a set time, typically 10 to 30 years.
- Whole life insurance offers permanent insurance, fixed premiums, guaranteed death benefit, and cash value growth.
- Universal life insurance offers coverage for your lifetime with flexibility to change payments, premiums and death benefit options.
Many people find that a combination of types of life insurance helps them meet both immediate needs and long-term goals. Find out the best options for you.
Major Medical Insurance
Your health is your most valuable asset. Health insurance is not a luxury. It offsets costs for medical services that could otherwise be out of reach for many people. We can help you understand all of the current health insurance changes due to recent healthcare reform laws and find the best products that fit your needs.
Individual Major Medical insurance is a comprehensive policy issued directly to an individual. It provides coverage for hospitalizations, physician visits, outpatient medical services and supplies and prescription drugs.
Get the strong, broad financial protection and peace of mind you and your family need with an individual major medical plan.
Short Term Medical Insurance
Short Term Medical Insurance (STMI) is a viable alternative to major medical plans for individuals and families that are healthy with few pre-existing conditions. STMI pays similar to major medical plans but costs substantially less. As the name indicates, it provides coverage for a specific period of time.
Good candidates for STMI are those who are:
- Individuals and families who don’t want to navigate through the complexity of Obamacare
- Adult children leaving their parent’s health insurance plan
- Those between jobs who have lost their health insurance
- Employers who can’t afford the expense of major medical for their employees
- Recent college graduates
- Anyone looking for an affordable alternative to Obamacare
Limited Benefit Health Insurance
Limited medical plans offer guaranteed acceptance for those that do not have adequate health insurance. Fixed indemnity benefits pay a total cost per covered service; no deductibles or co-pays.
Critical Illness Insurance
If a critical illness strikes, you probably will live. That’s the good news! But, few of us are prepared for the financial burden of recovery. Health insurance doesn’t come close to covering all expenses. How would you replace your income or your spouse’s lost wages while he or she helps care for you? Where would the money come from for mortgage and car payments, deductibles or home health care? What if you couldn’t return to your present job for months or were self-employed with little or no income? When you add it all up, it might equal a financial disaster at an already stressful time.
Critical Illness insurance is affordable and takes away the financial risk of unforeseen illnesses that may cause lengthy rehabilitation and time to heal. Benefit plans are available up to $50,000 in a lump-sum payment.
Accidental injury is one of the most common reasons for accessing healthcare and is always unexpected. Supplemental accident insurance is a great way to offset the unexpected costs of accident or injury and benefits are paid directly to you and in addition to any other coverage you may have.
According to the American Dental Education Association, for every $1 you spend on preventative dental care could save you $8 to $50 in future treatment cost. Dental coverage can help you pay for checkups, cleanings and common procedures. Dental insurance is surprisingly affordable.
We offer both Dental Insurance Plans and Dental Discount Plans.
According to the National Eye Institute, vision disorders are the second most prevalent health problem in the country, affecting two-thirds of our population. Vision insurance covers well-vision exams, prescription glasses (lenses and frames) and contacts. Also included are discounts on laser vision correction.
We offer both Vision Insurance Plans and Vision Discount Plans.
While various types of health insurance cover the cost of medical expenses, they pay nothing to offset the loss of income due to a medical event. That’s why Disability Income insurance is so important to help replace a portion of your income why you are still unable to work.
This tool illustrates health insurance premiums and subsidies for people purchasing insurance on their own in new health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). Beginning in October 2013, middle-income people under age 65, who are not eligible for coverage through their employer, Medicaid, or Medicare, can apply for tax credit subsidies available through state-based exchanges.
With this calculator, you can enter different income levels, ages, and family sizes to get an estimate of your eligibility for subsidies and how much you could spend on health insurance. As premiums and eligibility requirements may vary.
Government Health insurance exchanges ONLY offer health insurance. To find out about other health insurance options and more ways to control your care, contact us today.
Medicare Advantage Plans
Wellspring offers Medicare Advantage plans from nationally recognized carriers. These plans include all of your Medicare Part A (Hospital Insurance) and Part B (Medical Insurance) benefits, plus emergency and urgent care. Medicare Advantage plans may also include Medicare Part D (Prescription Drug Coverage). For more information on Medicare Advantage plans, please contact us.
Medicare Supplement Plans
Medicare Supplement Plans are intended to help “fill the gaps” in your Medicare Part A and B coverage. With supplement plans, you are still in Medicare and can keep your same doctors, but you can have more predictable costs for expenses such as deductibles and coinsurance.
Medicare Part D Plans (PDPs)
While not a requirement, enrolling in a Medicare Part D prescription drug plan is a smart way to manage your healthcare expenses. With Medicare Part D, you get some relief from the high cost of medications you take now — and those you may need in the future.
Part D plans vary by each carrier so Wellspring can help you understand your Medicare Part D options, eligibility questions, and select a plan that meets your specific needs.
For all of your Medicare and Medicare Supplement Solutions, contact Wellspring today. Protecting People, Improving Lives. That’s our commitment to you.
Long Term Care
Many of us have personal experiences with loved ones who have suffered from the effects of aging and frailty. Long Term Care (LTC) insurance covers a variety of services including home health care, convalescent and custodial care, and nursing care subject to benefit triggers based on your physical or mental impairment.
Long-term care insurance is a great way to offset the costs of continued care due to the effects of aging, helping to protect your assets, and giving you choice and control over where you receive care, including in your home.
Short Term Care
Short Term Care or Recovery Care insurance is designed to cover many of the same benefits as Long Term Care insurance, only for a shorter period – up to one year. Short Term Care insurance covers home health care, convalescent and custodial and nursing care up to a maximum of 365 days. This product is not approved in all states so contact us for more information.
Final Expense Life Insurance
As the name implies, final expense life insurance is designed to cover the costs associated with funeral and burial expense. Final expense is a simplified issue whole life product that is does not increase in premium as you age nor does the benefit decrease.
An Evolution in Senior Home Care
According to Health and Human Services, 70% of Americans will need some type of home care in their lifetime. That is nearly three out of four of us!
Many American seniors are under the impression that traditional health care programs will cover their care. Medicare, Medigap and most Medicare Advantage Plans are designed to cover hospital stays, doctor bills and some short term skilled nursing. Unfortunately, they may not cover the cost of everyday assistance in your own home.
While your loved ones will have the best intentions to be there for you when a crisis arises, many are not prepared and quickly become overwhelmed by the amount of work involved in care giving. Purchasing traditional home health care insurance is limited to only the extremely healthy, creating challenges for seniors in need of another option.
True Freedom Plans are a viable alternative to traditional home health care insurance. Our plans support seniors with their activities of daily living and companionship providing them independence in the comfort of their own home.
Annuities – a retirement income solution.
Making the most out of your retirement means making sure you have the resources to do what you have always dreamed while not outliving your income. Protecting the assets you have worked so hard to build requires planning and foresight. Wellspring can help you meet both objectives as you plan for your retirement. Annuity products are designed to provide you lifetime income so you don’t outlive your assets.
Annuities can be a key element in your financial plan and Wellspring offers fixed and fixed index annuity products designed to provide payments to you at specific intervals, typically after your retirement. An additional benefit, annuities have the potential to grow tax-deferred, provide death benefits to protect your beneficiary, and can provide optional “living” benefits.
Below is some basic information regarding annuity products Wellspring offers: Fixed Annuities pay a fixed, stated rate of return, for a stated period of time. A fixed annuity is an excellent choice for individuals who:
- Are looking for tax-deferred growth on their investment
- Want a fixed rate of return so they know exactly what their money is earning
- Want minimum guarantees not available in other financial vehicles
- Fixed Index Annuities offer guaranteed annual interest rate and earnings potential linked to participation in the growth, if any, of an index or benchmark. An index annuity is appropriate for individuals who:
- Are looking for tax-deferred growth in their investment
- Want a minimum interest rate guarantee but also like the idea of potentially being able to benefit from rising markets
- Want to benefit from a potential rising market, without being exposed to the down-side risk.
All annuities represented by Wellspring are offered by highly rated, nationally recognized companies. So, if you are already retired or preparing for the future, Wellspring can provide information and guidance on annuity products for your consideration.