Health & Financial Services
Our agency offers a complete line of insurance and
financial products and services ranging from life and disability income
to group life and health insurance. These products and services are
designed to provide solutions to your personal and business financial
needs, including:
Medical Insurance
Employees have three medical options: Preferred Provider
Organization (PPO): allows employees to use any physician
in or out of the network. Benefits are paid in accordance
with the provider selected.
Exclusive Provider Organization (EPO): employees choose
their physician from a list of approved EPO providers.
This plan is offered nationwide wherever EPO networks
are available.
Our PPO and EPO plans are built around health care networks
and a high level of coverage for using network providers.
There are no "gate keepers." Therefore, primary
care physicians and referrals to specialists are not
necessary. You have the freedom to choose any physician
in the network any time.
Life/Health Insurance
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Dental Insurance
Dental Insurance Plan helps you cover the costs of
dental care for you and your family. Covered dental services
include exams, cleanings, fillings, extractions as well
as crowns, bridges, dentures and orthodontia.
Group Health
At Coates Insurance Agency, we are committed to health
insurance for both our commercial customers, who need
group coverage for their employees, as well as the individual
or family that needs coverage.
With the changing face of health insurance in today's
market, we at Coates Insurance Agency are staying abreast
of the latest developments that will affect the coverage
you expect as well as the cost impact upon you.
We have the best health insurance markets available
in our area, and we will always present to our customers
the best options at the best price available.
Individual Health
Individual health insurance programs are designed for
individuals and families who cannot obtain health insurance
through an employer. Due to the continually rising cost
of medical care, it has become more important to provide
health insurance for you and your families. Coates Insurance Agency offers health insurance programs to individuals
which offer extensive coverage as well as high-deductible
programs which are designed to protect against catastrophic
financial losses.
Life/Health Insurance
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Individual Life
Life insurance from Coates Insurance Agency can help you
secure your family's financial future by providing the
funds they need to: cover burial expenses, uninsured
medical bills, pay off your mortgage and other outstanding
debts, and maintain a comfortable standard of living.
Coates Insurance Agency offers a variety of life insurance
products, including permanent, term, variable, flexible
and whole life policies.
Life/Health Insurance
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Buy / Sell Protection
If you have a partner in business, you have a need for
insurance so that in the event of death or disability,
you can buy out your partners interest without having
to take out a loan or liquidate company assets. This
is also important where children and taxes are involved.
Key Person Coverage
Your key employees are your most valuable business asset.
Their skill, knowledge and experience are your real profit
makers. Without them, the success and growth of your
business could be in jeopardy. Key employee insurance
is designed to protect your business from the adversities
associated with the loss of a key employee, manager or
executive. The death or disability of a key employee
could result in a substantial financial loss due to hiring
and training a replacement, lost sales, and/or slowed
production.
Flexible Spending Accounts (FSA)
Employees' needs are as varied as their lifestyles,
and benefit programs need to be flexible to accommodate
those differences. At Coates Insurance Agency, we not only
recognize, but welcome this diversity.
There are two FSA options. A Health Care FSA is an alternate
way of paying your share of your health care costs. In
the same manner, a Dependent/Child Care FSA reimburses
you for expenses for dependents and childcare which are
necessary to allow you and your spouse to work.
When you create an FSA, you choose to have a specific
amount of your annual salary withheld from your paycheck
and deposited to your FSA. These withholdings are on
a pre-tax basis.
Flexible Spending Accounts (FSA's) are benefit options
designed to increase your disposable income by reducing
the amount of taxes you pay. An FSA enables you to use
pretax dollars to pay for qualified health care expenses
which are not reimbursed under any health care plan or
insurance plan, and for qualified dependent/child care
expenses.
Long-Term Care
Long-Term Care is the type of care received either
at home or in a facility, when someone needs assistance
with activities of daily living, such as bathing and
dressing due to an accident, an illness or advancing
age.
Rising life expectancy means that the potential need
for "long-term care" grows with every passing
year of your life. The likelihood is that you or a member
of your family will need long-term assistance due to
a prolonged illness, a disability, or general deterioration
of your health and ability to perform routine daily activities.
Most long term care expenses are not covered by Social
Security or Medicare, Medicare Supplement ("Medigap"),
or private health insurance. Medicaid pays for nearly
half of all nursing home care, but you must meet federal
poverty guidelines and may have to "spend down" most
of your assets on health care.
Long-Term Disability
Disability insurance replaces your income should you
become disabled and unable to work. Many people have
some form of disability insurance through their employer.
The employers' policy may not be just what your need.
In this case, you will probably want to supplement the
employer's policy with an individual policy of your own.
Retirement / 401(k) / IRA
Many experts agree that Social Security may not exist
in the same form for future retirees. That is why it
is more important now than ever before to plan for retirement.
We help companies start, transfer and maintain their
retirement plans of all types, not just 401(k) plans.
A 401(k) plan offers businesses and their employees
one of the most effective tax shelters available today:
- Company contributions are immediately tax deductible
- Employees are not currently taxed on company contributions
- Employees' investment earnings accumulate tax-free,
until distributed as benefits
- Costs of establishing and maintaining the plan are
deductible as ordinary and necessary business expenses.
Individuals may establish a Traditional IRA account
with tax-deductible contributions (subject to certain
income levels) not to exceed $2,000 for any one year
or 100% of income whichever is less.
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