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Life, Health & Dental
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Group Health
Group Dental
Group Vision
Group Life/AD&D/LTD
At Wheat & Associates, 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 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.
There is no additional cost to using a Broker to obtain health insurance. Rates are filed with and regulated by the State of Washington. In using Wheat & Associates you enjoy the advantages and convenience of comparing and purchasing a plan through us and be assured that you are getting the best available price!
Individual Health
Individual Dental
Individual and family health insurance is coverage specifically tailored to those not covered by employer groups or organizations. A broad selection of individual and family health insurance plans is available. Less expensive plans may provide coverage in case of a major accident or illness, while other plans may provide comprehensive coverage for all your healthcare needs.
Health Savings Accounts (HSA)
An HSA is a form of health insurance coverage that includes two parts:
1. A tax-exempt personal savings account to be used for qualified medical expenses.
2. A health plan with a high deductible.
Account funds are used to cover medical expenses before the plan deductible has been met. Unspent account balances accumulate and accrue interest from year-to-year. Once the health plan’s annual deductible has been met, coverage resembles conventional insurance.
Account balances can be used to pay for a wide range of medical expenses — including some ordinarily not covered by insurance as well as some insurance premiums. After reaching age 65, you may use HSA funds to augment regular income by paying ordinary income tax on withdrawals for any non-medical expenses.
An HSA account is much like an Individual Retirement Account (IRA), except that deposits and qualified withdrawals are tax-exempt. Individuals and their employers may deposit money into the HSA up to an annual dollar limit. Like IRAs, HSA funds can be invested.
Since you own the HSA account, it is fully portable regardless of any job changes.
Individual Disability
Individual Disability Income Protection is a must for a business owner, and highly recommended for executives. If you are a business owner, you should consider purchasing both group and individual policies, if possible.
A typical Disability policy provides some income while out on disability. It starts to pay benefits after you have been off work for 1 to 6 months, and pays benefits for several years or until retirement age, depending on the policy.
Life Insurance
Life insurance 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.
If you have a partner in business, you have a need for life insurance so that in the event of death or disability, you can buy out your partner’s interest without having to take out a loan or liquidate company assets. This is also important where children and taxes are involved.
Medicare Supplemental
Also known as “Medigap” insurance, Medicare Supplemental insurance is a popular policy among seniors who want more protection then Medicare alone can provide. It is an affordable way to lower your out-of-pocket health care expenses and extends coverage.
Long-Term Care
Many people automatically think of nursing homes or something needed by older people when they think of Long-Term Care. However, Long-Term Care is a 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.
AFLAC
AFLAC is supplemental insurance that offers different plans that provide cash to you directly when you have a claim; it is not meant to replace health insurance. AFLac helps fill the gaps in traditional health insurance coverage such as deductibles, out-of-pocket expenses and loss of earnings. Policies can be purchased individually or through a group at work.
Karen Erkens
Wheat & Associates Insurance, Inc.
Phone: 509-922-2937
Fax: 509-922-4103
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We are here to help ...
Give us a call or send an email if we can assist with your insurance needs.
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