Tag Archives: health

Types of Health Insurance Needed for Emergency Care

Dealing with an emergency medical situation can be unpredictable, unavoidable, and expensive if you’re not prepared. Having the right insurance can make all the difference when you require emergency care. If you’re located in Lakewood, CO, Colling Insurance Services Inc. is here to help you navigate the process of finding an insurance policy that works for you year-round.

Employer-Sponsored Healthcare

If you have a traditional job, many full-time positions offer employer-sponsored healthcare. These plans often cover emergency visits, hospital stays, and ambulance services, depending on the specifics of your plan. Even if the doctor you see is out of network, federal protections require insurers to treat true emergencies as in-network for billing purposes.

Individual Plans

You can also purchase a health insurance policy independently through the online marketplace. These plans are required to cover emergency care without prior authorization. While coverage is guaranteed, your out-of-pocket costs may vary depending on the type of policy you select.

Medicaid

Medicaid is another option to consider, especially if you’re currently unemployed or unable to work. Medicaid provides emergency medical coverage for low-income individuals and families. Emergency room visits, hospital care, and medically necessary ambulance rides are covered under Medicaid, regardless of your age or specific needs.

Understanding the type of medical insurance you need for emergency situations is essential to avoid financial stress and complications. If you’re located in Lakewood, CO, Colling Insurance Services Inc. can help you find a policy that suits your needs and those of your household. Contact us directly for a quote and consultation to learn more about your options today.

I’m Young and Healthy, Why Do I Need Health Insurance?

When we are young and healthy, health insurance often feels like a low priority. If you’re feeling great and have no medical complaints, you might wonder why you should invest in a health plan. It’s a valid question. For our Lakewood, CO, community of young and healthy adults, the agents at Colling Insurance Services Inc. can explain the long-term benefits of health insurance that can positively impact your financial and physical well-being now and in the future.

Three Key Reasons Why Health Insurance Is Recommended for the Young and Healthy

Reduces Out-of-Pocket Costs

While your health may be stable now, unexpected accidents or medical illnesses can occur at any time. No one is immune, regardless of age. Without health insurance, the cost of treatments and medications becomes your sole responsibility, which can be financially overwhelming.

Protects Your Financial Stability

Paying for medical bills out of pocket can have significant and long-lasting effects on your financial health. Health insurance helps mitigate these costs, ensuring you don’t face financial hardship due to unforeseen medical expenses.

Supports Your Overall Health

Even if you feel well now, underlying medical issues can go unnoticed without regular check-ups. Health insurance allows you to maintain good health by scheduling routine appointments with your primary care physician. Preventive services ensure your doctor has an ongoing record of your health, enabling early detection and treatment of potential health concerns.

Contact Us

If you’re unsure whether getting health insurance in Lakewood, CO, is the right decision for you, call Colling Insurance Services Inc. We can discuss why securing health coverage while you’re young and healthy is a strategic move for your future. Contact us today to explore policy options tailored to your needs.

Will Adding My Teenager Increase My Auto Insurance

When it comes to keeping your teenager safe on the road, you want to make sure they are driving in a safe vehicle. One way to make sure the care they are driving in is safe is by having the tires rotated on a regular basis. Also important is to check the tread depth on the tires and replace them as needed. A tire blowout can lead to accidents and you want to avoid this at any cost. Furthermore, to keep your teenager safe on the road, you should invest in an auto policy. You may be asking yourself if adding your teenager to your policy is going to increase your rate. Let’s take a closer look at the answer to this question. 

Yes, Your Rate Is Going to Increase

Generally, your insurance rate will increase when you add your teenager to your auto policy. Why? Because teenage drivers are at the highest risk of being involved in an accident. Also, your teenage driver hasn’t had an insurance policy before, meaning it will cost more to insure him or her. 

You Have to Start Somewhere

One of the biggest factors insurance companies consider when determining the rate for a driver is whether or not they have had insurance before. Once you add your teenager to your policy as a driver, this will start building up his or her driving history; this will help secure lower rates on insurance as he or she gets older. 

If you would like to learn more about auto insurance for your teenager, as well as other types of insurance, such as health, please contact Colling Insurance Services serving the Lakewood, CO area. 

Pros And Cons Of Healthcare Savings Accounts

Colling Insurance Services, Inc. Lakewood, CO is dedicated to providing practical solutions to its client’s insurance needs.  The Affordable Care Act  (Obamacare) is going through dramatic changes by the new tax law that repealed the ACA mandate. Health tax-free savings accounts are promoted to offer a healthcare plan for individuals to put aside savings to help pay their medical costs. 

The following  federal guidelines must be met to be qualified to set up an HSA:

*    Not eligible for Medicare while you can still use an HSA if the HSA exists before being enrolled in Medicare. But you cannot continue  contributing to your HSA
*    A  High-Deductible Health Plan (HDHP) must be in place when setting up an HSA 
*    HSA can only pay for qualified medical expenses 
*    Not a dependent according to an IRS determination of another’s return

The healthcare savings accounts have been both praised and criticized.

PRO

*  Pay for healthcare expenses
*  While individually owned anyone can contribute to your HSA including your employers 
*  Pre-tax contributions which reduce Federal taxable gross income including most states taxable income 
*  Interest accrued or any assets in HSA’s are tax-free
*  HSA funds roll over annually
*  HSA funds are available regardless of changes in health care insurance plans, changes in employer and upon retirement.
*   Debit cards are available to distribute HSA funds and access funds at ATMs

Con

* The requirement for an HDHP
*  Unexpected health care costs when no HSA funds available 
*  Difficult to save money for HSA
*  Non-qualified expenses are taxable with a penalty before reaching retirement age of 65 
*  Must keep good records and receipts
*  Monthly bank maintenance fees

Colling Insurance Services, Inc. Lakewood, CO will keep you advised of the changes in healthcare.  Please call!