Our Services

Medicare & Prescription Drugs

Life Insurance

Cancer & Critical Illness

Dental And Vision

Annuities

Long-Term Care

Disability Insurance

Short Term Medical insurance

International & Travel Insurance

Medicare And Prescription Drugs

We offer CONFIDENCE and CLARITY  over CONFUSION  with Medicare as we know it can be very confusing for most Americans, as Medicare laws and Plans change quite frequently. We provide stress-free, professional, confidential, and easy-to-understand Medicare planning for our clients, and it doesn’t cost you a dime for our expertise. It’s important that you choose not only the right Medicare Plan, but the right Agent/Agency. With the Owen Insurance Group, you will have an ‘Agent for Life’. We will always be there for you, long after the sale has been made!

Find The Coverage You Need

There are numerous Medicare election periods and each of them serving a different purpose when it comes to signing up for benefits. The two common periods below illustrate the difference between the two periods that sound similar. The Initial Enrollment Period (IEP) and the Initial Coverage Election Period (ICEP) may potentially overlap, making them easy to confuse.

Initial Enrollment Period (IEP)

The Initial Enrollment Period (IEP) refers to the first time an eligible person can enroll in the federal Medicare program. It’s a period that starts three months before the month of your 65th birthday, continues through your birth month, and lasts for three months after it. Signing up for Medicare during your IEP is one way for you to avoid any late-enrollment penalties.

Most people are enrolled automatically ahead of their 65th birthday, but the IEP is the first time people can enroll manually if they have to. You also have the option of enrolling in a stand-alone Medicare Prescription Drug Plan at this time, as long as you are entitled to Medicare Part A or enrolled in Part B.

Initial Coverage Election Period (ICEP)

This is the first time a newly eligible person can enroll in a Medicare Advantage plan (also called Medicare Part C). Medicare Advantage plans are sold through independent insurance companies and must provide at least the same amount of coverage as Original Medicare, Part A and Part B. In order to “activate” your Initial Coverage Election Period (ICEP), you have to be enrolled in both Medicare A&B. The ICEP can run parallel to the Initial Enrollment Period, if you enroll in both Medicare Part A and Part B when you are first eligible. Because you must pay a monthly premium for Medicare Part B, you can opt out of this coverage during your Initial Enrollment Period; however, this prevents you from enrolling in a Medicare Advantage plan.

If you choose to enroll in Medicare Part B at a later date — for example, during the General Enrollment Period (January 1 – March 31), then your Initial Coverage Election Period won’t begin until then. When you do enroll, the Initial Coverage Election Period will only be the three months prior to your Medicare Part B effective date. For example, if you enroll in Medicare Part B during the General Enrollment Period, it will be effective July 1 of that year. Your Initial Coverage Election Period to enroll in a Medicare Advantage plan would be April 1 through June 30.
If you get disability benefits from the Social Security Administration (or certain disability benefits through the Railroad Retirement Board), your Medicare coverage begins on the 25th month of benefit receipt. Your Initial Coverage Election Period begins 3 months before the month your Medicare Part A and B coverage takes effect, and ends 3 months after the month of eligibility. For example, if your 25th month of disability is June, your Medicare Part A and Part B become effective June 1, so your Initial Coverage Election Period will be March 1 – September 30.

 

  Whether you want to know when you become eligible to enroll in a Medicare plan or if you have other questions that you need help answering, we’re always happy to help you get answers.

Effective Life Insurance Policies

When it comes to planning for your family’s future, life insurance is one of the most important things you have to consider. By investing in the right policy now, you can virtually ensure your family’s financial stability for years to come. However, choosing the right life insurance policy isn’t so easy. It requires an in-depth knowledge of the industry and carriers, and that’s why you should always rely on Owen Insurance Group.

 
We offer regular business hours Monday through Friday with meetings available on Saturday (by appointment only), so swing by our local office whenever you’ve got some free time and want to discuss your policy options.

Our Life Insurance Policies Include:

  • Term life
  • Whole life
  • Accidental death benefits
  • Universal life
  • Final expense

Get More Coverage With Critical Illness Insurance

With added protection comes peace of mind. With healthcare costs continually on the rise, becoming seriously ill can have a huge impact on your finances. By investing in a critical illness coverage and/or a cancer coverage from Owen Insurance Group, you’ll receive cash benefits that will enable you to cover bills and expenses that your current health insurance won’t pay for.

Critical Illness Coverage

If, in the unfortunate case, you’re ever diagnosed with a critical illness, a critical illness policy will help you cover expenses that your current coverage won’t pay for. Critical illness policies pay a lump sum amount so you can pay for the treatment you need and you can pay your other bills. Ask about a critical illness protection policy that pays a lump sum cash benefit directly to you upon first diagnosis of a critical illness including:
  • Heart attack
  • Stroke
  • End Stage Renal Failure
  • Major Organ Transplant
  • Total Loss of Eye Sight
  • Total Loss of Hearing

Cancer Insurance Can Help Cover Costs

In 2017 in the U.S., there will be an estimated 1.7 million new cancer cases and over 600 thousand cancer deaths.
According to the American Cancer Society, 77% of Americans over the age of 55 will be diagnosed with cancer with 66 being the median age of cancer diagnosis.

Having an affordable cancer insurance policy in place is extremely advantageous in the event of a cancer diagnosis. The policy will help cover the significant cost of the cancer treatment and is available for individuals and families (and is renewable for life). These policies can help cover various medical expenses that are not outlined in your current coverage, including:

  • Hospital stays
  • Doctor bills
  • Transportation
  • Childcare
Rate examples of a 44 year old female with $10,000 of lump sum cancer coverage will only cost $9.00 per month. Call us today for a FREE QUOTE to see how you can have peace of mind knowing you will be fully covered with an affordable plan for you and your family!

Online Dental And Vision Enrollment

Unfortunately, many people often forego dental and vision coverage to their detriment. Don’t make that mistake. With dental and vision policies through Owen Insurance Group, you and your family will be able to make convenient appointments, reduce your bills, and have access to the best specialists in your area.

 
The dental benefits include:
  • No waiting periods
  • Major services covered
  • Three cleanings per year
The vision benefits include:
  • Convenient appointment options
  • A great selection
  • A $150 allowance on frames

Sign Up For Coverage Today

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Consultations Available
If you have any questions about enrollment, give us a call today.
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Deferred And Income Annuities

Generally speaking, annuities are broken down into two categories: deferred and income. Both of them work differently and both come with a unique set of benefits and advantages. If you’re interested in annuities of any kind, the professionals at Owen Insurance Group can help you get started.

Tax Deferred Annuities (Retirement Savings)

If you’re looking to increase your retirement savings once you’ve already hit the maximum contributions allowed by your 401(k) or IRA, deferred annuities might be a good option for you. Just like other tax deferred investments, the earnings from deferred annuities compound over time. This will provide you with growth opportunities that taxable accounts cannot offer.

 
Plus, deferred annuities have no IRS contribution limits, which mean that you’ll be able to invest any amount you prefer for your retirement. You also have the option of using your own savings to create a guaranteed stream of income.
 
It’s important to note that withdrawals of taxable amounts for an annuity are all subject to income tax. If withdrawn before the age of 59½, there may also be a 10% IRS penalty. Annuities come with charges on an annual basis that aren’t found in mutual funds, and this will have an effect on your return.
 
While deferred variable annuities may present potential investment growth, there is some market risk. Variable annuities are, generally speaking, a better option for investors who are better situated to handle fluctuations in the market.
 
Deferred fixed annuities offer investors a guaranteed rate of return for a number of years and may be more suitable for conservative investors. And while they’re similar to certificates of deposit (CDs), they differ in various ways, including:
  • Annuities are not FDIC insured
  • Withdrawals from annuities (before 59½ years of age) are potentially subject to a 10% IRS penalty
  • With a deferred fixed annuity you may have more access to assets
  • Your annuity earnings will compound on a tax deferred basis

Income Annuities (Income In Retirement)

If you’re approaching retirement, the fact that income annuities offer guaranteed income for life (or a set period of time) may make them a more appropriate option for you. Plus, you’ll still be able to be more aggressive with your portfolio’s other investments. It’s important to note, however, that you may have limited or no access to the assets used to invest in income annuities.

 
Immediate fixed income annuities provide predictable (guaranteed) payment for life or a fixed amount of time. Your payment can’t be affected by volatility within the market, thus shielding you from risk.
 
Deferred income annuities are fixed and have a deferral period before your payments begin. Due to the deferral period, you may receive a higher payment than you would from an immediate fixed income annuity. Deferred income annuities also offer a cost of living increase for an additional cost.

Dependable Long-Term Care

If, at some point in the future, you are diagnosed with a chronic illness or condition (like Alzheimer’s) or return home from a rehab center, having a long-term care policy from Owen Insurance Group will provide you with various benefits, including assisted living and a significant decrease in expense costs. It doesn’t matter if you’re suffering from an injury, illness, or disease, our agents will find the best coverage for you.

 
With a policy in place, coverage can be almost cripplingly expensive. The impact on you and your loved ones might simply be too much to handle. Owen Insurance Group will work with you to choose the options and services you need, where you’re cared for, and who will take care of you in the event that you need such assistance.
 
Rest assured, that our knowledgeable and professional staff is always here to answer your questions, explain your options, and guide you in the right direction.

A Long-Term Policy Provides:

  • Skilled nursing care
  • Assistance with bathing, dressing, and eating
  • Home health aides and therapists
  • Financial freedom

Disability Insurance

Your most valuable asset isn’t your house, car or retirement account. It’s the ability to make a living. Disability insurance pays a portion of your income if you can’t work for an extended period because of an illness or injury. We buy auto insurance for our cars, homeowners insurance for our homes, life insurance for our lives and family protection, but fail to think about the importance of disability insurance to protect our paychecks! Trust me, everybody who relies on a paycheck should have this coverage. Think about how far you could go without a paycheck if you became injured. According to the Social Security Administration, almost half of American adults indicate they can’t pay an unexpected $400 bill without having to take out a loan or sell something to do so.

There are two main types of disability insurance — short-term and long-term coverage. Both replace a portion of your monthly base salary up to a cap, such as $10,000, during disability. Some long-term policies pay for additional services, such as training to return to the workforce.

The annual price for a long-term disability insurance policy generally ranges from 1% to 3% of your annual income, according to the Council for Disability Awareness. 

A variety of factors affect the cost:
Your age and health: You’ll pay more the older you are and the more health problems you have
Your gender: Women usually pay more because they tend to file more claims
Whether you smoke: You pay less if you don’t smoke
Your occupation: You’ll pay more if you work in a job with a high risk of injuries
The definition of disability: The broader the definition of disability, the higher the premium. A policy that covers you if you can’t work in your own occupation but could earn income in a lower-paying job will cost more than a policy that covers you only if you can’t work at all.
Length of waiting period: This is known as the elimination period. You can reduce the premium by increasing the waiting period before benefits kick in.
Your income: The more income you have to protect, the more you’ll pay for coverage
Length of benefits: The longer the period that the policy promises to pay out if you become disabled, the more you’ll pay in premiums
Extra features: Additional features, such as cost-of-living adjustments to protect against inflation, will increase the premium

Short Term Medical insurance

Our Short Term Medical insurance gives you an affordable and flexible plan to face those unpredictable moments in life with confidence. It provides the financial protection you need from unexpected medical bills and other health care expenses, including:

 

  • Doctor visits and some preventive care
  • Emergency room and ambulance coverage
  • Urgent care benefits, and more

Short Term health insurance, sometimes called Term health insurance or Temporary health insurance, is designed to help bridge gaps in your health care coverage during times of transition. Short term plans are medically underwritten and usually do not cover pre-existing conditions. It does not meet the minimum essential coverage requirements for ACA but for many people, and in many situations, the best Short Term health insurance plan they can find may just be the right solution. Who should consider Short Term Insurance Plans?

 

  • Rolling off their parent’s insurance
  • In-between jobs
  • Without health insurance, have missed Open Enrollment and do not have a qualifying event for Special Enrollment
  • Waiting for your Affordable Care Act (ACA) coverage to begin
  • A college student or just out of school
  • Waiting for benefits to begin at a new job
  • Waiting for Medicare
  • Needing a temporary alternative to COBRA insurance
  • Losing coverage following a divorce
  • Under 65 and in good health

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