Health Insurance vs. Long-Term Care Coverage

For most Coloradans, health insurance comes to mind when they think about coverage for medical services. However, other kinds of policies can benefit you when an accident or serious illness occurs. One example is long-term care insurance. Let’s look at these two types of coverage and how they differ.

Long-Term Care

People sometimes need long-term care when they develop incurable illnesses, suffer significant injuries, or otherwise become disabled. In addition to various medical services, it includes assistance with things like preparing meals and getting dressed. Services may be provided at your home and a long-term care facility. They usually aren’t covered by regular health plans or Medicare, so LTC insurance is available separately. Many policies cover these services for several years, but some provide coverage regardless of how long you need long-term care.

Health Insurance

Most health plans in the Lakewood, CO, area cover various medical diagnostics, treatments, therapies, and medications. Some plans come with eye or dental benefits, but most insurers offer them as separate policies. Medical insurance generally includes coverage for doctor appointments as well as hospital visits. While a health plan might cover an overnight stay at a hospital, you’ll probably need long-term care insurance if medical services become necessary for an extended period.

Colling Insurance Services, Inc. offers medical and long-term care coverage. Health and LTC plans mostly cover different types of services; when possible, it’s best to have both rather than choosing between them. Our independent agency in Lakewood, CO has served the Denver area for over 65 years. We work with more than ten major insurers to find the ideal solution for each customer. Please call 303-987-3331 for a free quote or more information from Colling Insurance Services, Inc.

What A New Business Owner Should Consider When Seeking Commercial Insurance

A new business owner should seek adequate insurance coverage to protect their place of business, inventory, and equipment. Learn about some of the steps that should be taken to acquire adequate coverage.

An Appraisal

An appraisal of a business will indicate how much coverage is needed. The appraisal should include the value of the business and the land it is situated on. Any assets, including vehicles and equipment, should also be appraised.

A Consultation

A business owner can consult with one of our agents who serve Lakewood, CO. During the consultation with a Colling Insurance Services Inc. agent, the business owner can provide the agent with details about their place of business.

Many types of business insurance will protect a business owner. Our agent will outline how much coverage each type of insurance will provide. They will recommend insurance products that will provide the level of protection the business owner is seeking.

The Documents

When a client is ready to purchase business insurance, they will be provided with some documents outlining the coverage being obtained.

The Lakewood, CO agent who is providing services will outline the coverage. They will request that the client sign the insurance documents. If a client has a change in circumstances in the future, they can meet with the same insurance agent to modify their existing coverage.

Additional Information

If you are a business owner and are seeking insurance coverage, contact one of our agents at Colling Insurance Services Inc. today. The agent you speak with will help you prepare the insurance documents you need to provide your place of business with adequate coverage.

Who Benefits From Worker’s Compensation Insurance?

When you own a business with any number of employees, it’s essential that you have a worker’s compensation policy. This insurance is vital for protecting both you and your employees. These policies benefit both you as a business owner and the employees it covers. If you don’t yet have a worker’s compensation policy, it’s time to call us at Colling Insurance Services, Inc., in Lakewood, CO to find out more. 

It Benefits the Business Owner

Running a business can be complicated, but it can also pose dangers to workers. If a worker were injured or contracted a work-related illness there, this policy would pay the ensuing bills. These bills often include medical bills, but there may also be other costs. These can consist of the wages the worker lost when recovering from the injury or illness. Money may also be required for long-term care or even for pain and suffering. When you have this insurance, it protects you against most lawsuits. They can work with the insurance company instead of suing you after an accident. 

It Protects the Employees

If an employee gets sick or injured at work, they need to know that the funds will be available to pay for the medical costs and other bills. They benefit from worker’s compensation insurance because it provides those funds. They won’t have to worry that a small business can’t generate the money for their expenses. The money will be there when it’s needed. 

Get Your Worker’s Comp Policy

Keep both yourself and your employees protected with one of the vital policies. To get more information about these policies and to get started with one, give us a call at Colling Insurance Services, Inc., in Lakewood, CO.

Categories Of People That Benefit From Life Insurance

Life insurance is a financial safety net that supports your loved ones in case the unexpected happens. While it is a valuable asset for anyone, certain individuals can benefit from life insurance. In this blog post, we will discuss the people who stand to gain the most from life insurance:

Parents/Guardians

For parents, life insurance ensures their children will be financially secure even if they are no longer around. It can cover daily expenses, education costs, and future needs.

Breadwinners

Breadwinners in their households should consider life insurance to replace their income and support their family after their passing. You don’t want your family to struggle because they are not receiving the same type of income.

Stay-at-Home Parents

Although stay-at-home parents may not earn an income, their contributions are valuable and costly. Life insurance can cover the cost of replacing their services, including childcare and household responsibilities.

Business Owners

Life insurance can be used to protect a business. It can provide funds for a smooth transition or to buy out a deceased business partner’s share.

People With Dependents

Anyone who has dependents, including aging parents, a disabled family member, or children, should consider life insurance to secure their future well-being.

 If you fall into one of these categories or have unique life insurance needs, it is time to explore your options and consider getting life insurance. If you reside in Lakewood, CO, or any other nearby town in Colorado, we recommend you contact Colling Insurance Services Inc., serving clients in Lakewood, CO, and other surrounding areas. Insurance agents at Colling Insurance Services Inc. are ready to answer all your questions and provide the essential information you need. 

Three Types of Protection in Your Home Insurance

When you have a home insurance policy, it gives you several different types of protection. You need all of them to make sure that you’re covered against the major risks that are out there. If you’re buying a home and need home insurance, or you want to change to a new policy, give us a call today at Colling Insurance Services, Inc. in Lakewood, CO. 

House Protection

When you have this insurance, it protects the house from a broad range of risks. These can include events like disasters, accidents, and more. This coverage can pay for the repairs you’ll need after a covered event happens. This coverage can save you thousands of dollars on necessary repairs. Without this coverage, a calamity or disaster could cause so much damage that you aren’t able to fix it all. With home insurance, those bills get paid by the policy. 

Item Protection

Everything inside your home is also covered by your home insurance. Your possessions are all covered in case of a covered event. There are countless things that can cause your belongings to become damaged or destroyed. When you think about what everything in your home would cost if it needed to be replaced, you soon see why this coverage is so necessary. When you have this coverage, you can get replacements instead of being left with nothing. 

Liability Protection

People have accidents in homes, and if someone has one in yours, you could owe big for their medical bills. When you have home insurance, it will pay for these bills as well as other costs that come with an accident on your property. 

Get Your Home Policy

When you have a home insurance policy, you have a lot of protection against risks. To get your policy, call us at Colling Insurance Services, Inc., in Lakewood, CO.

How Boat Insurance Protects You

If you’re a boat owner, you need to be covered with a boat insurance policy. These policies are exactly what you need to protect yourself when you go boating. Colorado doesn’t require you to have a boat insurance property, but you still need one to be well-protected. Many things can happen when you go boating or even have your boat out of water. These expensive events could force you to sell your assets to pay for them. To keep that from happening, get a boar insurance policy. Call us at Colling Insurance Services, Inc. in Lakewood, CO to get one.

Boating Accidents

You might not hear much about them, but boating accidents happen all the time. They work much like auto accidents do on land. When two watercraft get into an accident, the fault of the accident must be determined so that you know who is liable for paying the costs. If you have a boating accident that you’re at fault for causing, paying for damages and medical bills can be expensive. You’ll also have to pay for the damage to your own boat and personal articles. For this reason, you need at least liability coverage for your boat. This pays for the other party’s expenses from the accident. 

Other Boat Coverage

You need to have collision coverage to get coverage that pays for your own boat damages after an accident. This pays for your own damages, even if you were at fault for an accident. When your boat isn’t in the water, it can be covered by comprehensive coverage added to your policy. 

Get Boat Insurance

When you need boat insurance protection, call us at Colling Insurance Services, Inc. in Lakewood, CO to get started. 

Do Non-Profits Need Umbrella Insurance?

When running a non-profit, you know protecting all your team is working toward is vital. Having the correct type of insurance policy can help you rest assured that your non-profit’s income flow will be protected in various situations. At Colling Insurance Services Inc., our team is here to provide Lakewood, CO residents with the insurance policies they need to protect their hard work. 

What Type of Insurance Does a Non-Profit Organization Need?

Budgets can be tight in non-profits, and it makes sense that you might try to cut costs. Insurance is one area where you don’t want to skimp. An unexpected event can cause your team’s hard work to vanish, but a solid insurance policy can help to ensure that you’re protected. 

In addition to general liability insurance, having an umbrella insurance policy in place for your non-profit organization is a good idea. An umbrella policy will protect your business if you have an issue that isn’t covered by your other insurance policies. It’s important to work closely with an insurance agent when deciding whether an umbrella policy is the right fit for you, as you’ll want to carefully consider your current coverage to determine if you’re fully protected.

Colling Insurance Services Inc.: Serving Lakewood, CO 

At Colling Insurance Services Inc., our team proudly serves Lakewood, CO residents. No matter what type of insurance policy you need, our team is here to help you with all your insurance needs. Reach out to us today or give us a call to learn more about how we can help you rest assured that your non-profit is protected.

What Types of Life Insurance are Available?

Life insurance is an essential financial planning tool for protecting loved ones or business partners. If you want to learn more about life insurance coverage options, the experts at Colling Insurance Services Inc. can provide you with the support and insurance products you need. We proudly serve the residents in and around the Lakewood, CO, area.

Available Life Insurance Coverage in Colorado

If you are unsure which life insurance product suits your specific needs, our team of licensed life insurance experts can help you understand each type of life insurance product we offer and match you with those that offer the most benefit. 

We can also help you understand the terms and conditions associated with each policy to ensure you are an informed consumer. We can also assist you with submitting documents to acquire your policy quickly. We can also provide ongoing customer service for the lifetime of the policy and support beneficiaries with claims submissions. 

We work with our clients to help them get the best protection for those who matter most. Let us work with you to get coverage that offers peace of mind. 

Reach Out to Colling Insurance Services Inc. Today

If you want to learn more about life insurance products that offer security, please reach out today. Feel free to call or stop by Colling Insurance Services Inc. We proudly provide a range of insurance products to the residents in and around the Lakewood, CO, area. Please don’t take chances when it comes to your life insurance coverage. Let us work with you to help you understand your options and secure the right choices to offer the best protection for you and your loved ones. 

Long Term Care Insurance: What Is It, What Can It Do For You

Health insurance will cover you should you need a hospital stay, but what about old age? Even if you avoid a tragic accident, everyone eventually gets old and may need elderly care. Long-Term Care Insurance will take care of costs should you need to enter a facility or require a live-in nurse. This will become necessary should someone over age 65 be unable to perform one of the six activities of daily life. This includes eating, dressing, bathing, transferring, toileting, or continence. A care provider may also perform instrumental activities such as cooking, housekeeping, medication management, etc. Long-term care insurance pays for what health insurance won’t.

What Long-Term Care Covers 

If you are no longer able to do a number of the activities of daily life on your own or become cognitively impaired, you become eligible for the benefits of long-term care. Your age at the time of purchase may affect the cost. Women may have to pay more because, on average, they live longer than men. A pre-existing health condition may not prevent you from getting a policy. However, the policy might not cover any care germane to that specific condition for quite some time after it goes into effect. 

Why You Should Get It

There are two main reasons for getting long-term care insurance. The first is to protect your savings. The other is to give you more options for your care. Long-term care can run quite expensive. Long-term care insurance may help you find a better quality of care than health insurance alone can. 

Contact Colling Insurance Services Inc. For Long-Term Care

If you are in the Lakewood, CO area and looking into long-term care, consider Colling Insurance Services Inc. We’re here to help you. 

Four challenges you may face when you buy health insurance

American consumers can, unfortunately, face specific challenges when it comes to health insurance. Suppose you’re a consumer in Lakewood, CO. In that case, we can provide you with the health insurance information you need at Colling Insurance Services Inc. We’ll answer your questions and help you overcome any health insurance challenges you face.

The following are four challenges you may face when you buy health insurance. 

Missing enrollment periods

For most health insurance policies, you have a limited period in which to enroll. This is especially true if you want to enroll in a plan that includes a subsidy you get through the Affordable Care Act.

That’s why you need to be aware of enrollment periods and purchase a policy before any applicable enrollment period has ended. 

Understanding the health insurance policy that you choose

Health insurance can be a complicated financial product. Consumers must review the details and read all the fine print before purchasing a policy.

Ensure you understand issues like deductibles, coverage maximums, copays, and coinsurance entirely when shopping for health insurance. If you have any questions, ask a representative from the health insurance provider you want to buy a policy from. 

Being aware of all the resources available to you

Some consumers don’t realize they have health insurance options available to them through their employer or state or local government. 

Look into options provided by your employer, your state health exchange, and any memberships you have in professional organizations before you buy a policy. 

Not knowing what the future holds

Unfortunately, knowing what the future holds regarding your health is impossible. That’s why it’s always best to invest in high-quality coverage even if you’re healthy and don’t think you’ll need medical care in the near future. 

At Colling Insurance Services Inc., we’re here to help consumers in Lakewood, CO find the right health insurance options. Call us today to get a policy quote.