FAQs

Q?

What is a deductible?

A.

A deductible is the amount you are required to pay before your insurance provider will contribute toward the cost.

Q?

What is the coverage period of my policy?

A.

The coverage period depends on the type of policy. For example, if you have health insurance through your employer, you will be covered as long as you remain employed by the company and it continues to provide insurance. For questions about your specific policy, refer to your policy documents or contact us today at (803) 738-8183.

Q?

How does Dental Insurance work?

A.

Dental insurance does not cover the entire cost of dental care, but can assist with a portion of it. A number of dentists work under a preferred provider organization (PPO) agreement, meaning insurance providers have negotiated with them so insureds are offered services at a lower cost.

Q?

What are my Medicare options?

A.

There are four "parts" of Medicare:

  • Part A - Hospital insurance
  • Part B - Medical insurance (does not cover hospital expenses)
  • Part C - Can bundle all types of Medicare insurance into one plan
  • Part D - Optional prescription drug coverage

Q?

Who is eligible for Disability Insurance (DI)?

A.

Anyone who loses wages due to missing work because of a job-related injury or illness, or pregnancy or childbirth, may be eligible to receive disability benefits.

To collect benefits, recipients must miss at least eight days of work due to one of the above circumstances.

Q?

What do health insurance carriers consider a pre-existing condition?

A.

A pre-existing medical condition is any that develops or continues prior to the acquisition of health insurance. Pre-existing conditions may be an issue if they were not covered by a previous health insurance provider.

Q?

How do I know whether or not my business is in compliance with the Affordable Care Act (ACA)?

A.

The requirements of the ACA vary based on business size and other variables. Contact us today to receive consulting for your business. Here are a few questions to ask yourself that will help us determine your business' compliance:

  • How many full-time or full-time equivalent employees does my business have?
  • Is the health insurance plan I have chosen affordable for all employees?
  • Are all employees receiving the same coverage and benefits?

Q?

Can legal action be taken against my business if I have Workers’ Compensation insurance?

A.

While Workers' Compensation insurance can provide the wages and medical attention employees may take legal action for after they sustain an injury or illness in the course of their work,

Q?

Does my business require Employment Practices Liability (EPLI) insurance?

A.

If your business has employees, it is at risk of experiencing a loss relating to employment practices. These can include, but are not limited to, harassment, discrimination and termination. For more information on how Employment Practices Liability insurance can benefit your business, contact us today.

Q?

Should my business purchase Directors and Officers (D&O) Liability insurance?

A.

If your publicly traded, for-profit business is comprised of a board of directors and officers, it can benefit from having a Directors and Officers Liability insurance policy. Private companies and non-profit agencies can be protected by this type of policy, as well. Contact one of our insurance professionals to learn more the advantages of Directors and Officers Liability insurance.

Q?

Do I need to obtain a Workers’ Compensation policy?

A.

If your business has employees, most states will require you to have a Workers' Compensation policy. Contact us today for more assistance with determining your business' needs.