At First Benefits Group we believe in educating our clients who may be concerned, confused and overwhelmed with the choices and cost of healthcare. We assist our clients in developing strategies for maximizing their benefits while minimizing their out-of-pocket costs. What you don't know about health care will cost you!

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Group Coverage

HEALTH INSURANCE

Our experience in the field of health insurance has taught us that the most important way to reduce your healthcare costs is to view it as a business decision and not a health issue.  That means your first priority should be the health and productivity of the employees and their dependents. Managing the healthcare plan should be a secondary consideration. Employee health should be a primary goal for business success and survival. This means behavioral changes of the population may be required.​

We offer a proven strategic program for our clients in which they have experienced smaller increases in their healthcare costs without compromising the level of benefits. We are often able to improve the level of service for their employees.

At First Benefits Group, Inc. we are licensed with many group health insurance carriers giving us the ability to find the best solution to your group coverage.  Our agents are trained and certified in the new Government Subsidized Health Insurance.  Employers of 25 or more employees might also consider the Pioneer Health Plan.  For more information or a free quote, please call us at 941.361.3057 x4 or email tobrien@firstbenefits.net.

ANCILLARY GROUP INSURANCE

​Once your group is established with health insurance, you may wish to establish dental, vision, voluntary life, and disability insurance coverage.​

We can assist you in finding the best ancillary benefits at the best cost.

Individual and Family Coverage

HEALTH INSURANCE

The Affordable Care Act requires every American to be insured or pay a tax.  Choosing and understanding the benefits of health insurance plans can be an overwhelming task.

At First Benefits Group we can assist you in several ways:  1) We have access to all of the major carriers and will explain the nuances of the different plans so you will be able to make an educated decision. 2) Our agents are certified in the government subsidized health insurance program and can assist individuals in applying at the marketplace to obtain healthcare and subsidies.

Let us help you to find the right plan at the right price.​​

LIFE INSURANCE:

How much coverage is enough? What type of plan is best?​

There is no "one-size-fits-all" when determining your personal life insurance needs.  We spend time learning about our clients so we may recommend the best type (term, whole life, universal life and annuities) and optimal coverage amount. ​

PAYCHECK PROTECTION:

It'll never happen to me!

So often we hear this phrase!

Life is a series of expected and unexpected events and threats to our health and lifestyle. No one can foresee the future. We cannot eliminate many of these threats. However, we can plan, in most cases, for the economic consequences.

How? One way is by protecting our most valuable asset – our income.

Would you have enough funds to pay your bills if you suddenly became ill or injured and couldn't work for a period of time?

Here are some staggering statistics:

  • According to the Social Security Administration, Disabled Worker Beneficiary Statistics, 8.9 million people collected disability worker benefits in July, 2014. (source: http://www.ssa.gov/oact/STATS/dibStat.html)
  • A typical female, age 35, 5'4", 125 pounds, non-smoker, who works mostly at an office job, with some outdoor physical responsibilities, and who leads a healthy lifestyle, has a 24% chance of becoming disabled for 3 months or longer during her working career.
  • A typical male, age 35, 5’10", 170 pounds, non-smoker, who works an office job, with some outdoor physical responsibilities, and who leads a healthy lifestyle has a 21% chance of becoming disabled for 3 months or longer during his working career;
  • with a 38% chance that the disability would last 5 years or longer,
  • and with the average disability for someone like him lasting 82 months.
  • If this same person used tobacco and weighed 210 pounds, the risk would increase to a 45% chance of becoming disabled for 3 months or longer.

Learning about Paycheck Protection This article is a story about a woman who decided to be proactive about paycheck protection.

DENTAL & VISION:​

First Benefits Group works with many insurers to provide ancillary coverage.

MEDICARE

Approaching Medicare Age? This video will provide a good summary of what it's about.

Medicare Supplements and Long Term Care

There is a lot of confusion regarding Medicare, how it works, the difference between Parts A, B, C and D, and Original Medicare vs. Medicare Advantage Plans. Each year at Open Enrollment there are many changes to consider. Click here to read our​ Medicare Summary for further understanding.

Five Basics of Medicare:

1. You have to sign up.  Unless you are already receiving Social Security benefits, you need to sign up for Medicare Parts A and B. Your Medicare Initial Enrollment Period is a seven-month timeframe that includes the three months before the month you turn 65, your birth month, and the three months after your birth month.

2. There are monthly premiums. Medicare is a great program, but it's not free. In 2015 the Part B monthly premium is $134, regardless of the insurance carrier. (Depending on your income you may pay more.)

3. It doesn't pay all of your medical expenses. As good as Medicare Parts A and B are, they do not cover all of your medical expenses and you may still have some out-of-pocket expenses.

4. It's best to sign up when you are first eligible. If you don't enroll in Part A, Part B, or Part D (prescription drug coverage) when you first become eligible, you could have to pay more when you do enroll.

5. You have a lot of choices. You have a wide variety of Medicare Supplement insurance policies, prescription drug plans and Medicare Advantage plans available from private companies designed to help you get the benefits you want and control your out-of-pocket expenses.

At First Benefits Group, we have experienced, Medicare Certified Agents who will guide you through the process.  We work with many carriers to find the best solutions for your individual needs.​

Whether you are accepting benefits for the first time, or have been a recipient for years and wish to discuss your open enrollment options, we can help.

If you would like to schedule a no obligation appointment, please call 941-361-3057 ext. 3 or e-mail flane@firstbenefits.net.

Eight Basics of Long Term Care

1. Planning for Long-term care is important. Most people will tell you they expect to live a long life. But with aging comes the need for help with some of the things they always did for themselves. According to the U.S. Department of Health and Human Services, 70% of people who reach age 65 will need LTC services at some point in their lives.

2. LTC services are expensive. Mutual of Omaha's cost-of-care survey (2012) revealed that just one year in a nursing home can cost more than $76,000 (based on national averages). Home health care is less expensive, but people can still expect to pay as much as $36,000 to $40,000 per year for care they receive at home.

3. You can't rely on health insurance or Medicare. Many people mistakenly believe their LTC needs are already covered. In reality, health insurance doesn't cover LTC services. Medicare only covers services for a short time – typically just long enough to help people get back on their feet after an illness or injury.

4. Medicaid isn't for everyone.  It's true Medicaid does cover LTC services. But it's important to remember that Medicaid is a program for people with low incomes and limited resources.  That may mean spending down their assets just to qualify.  Not an attractive option for people who want to protect the assets they worked a lifetime to accumulate.

5. There's a hidden cost to family caregivers. It's easy to say, "My family will take care of me." But a spouse may not be physically able to provide all the care that's needed.  And children have their own family and career obligations.  The fact is, family caregivers frequently suffer from stress and illness themselves, not to mention lost wages, if they have to give up a job or reduce their work hours.

6. The best time to start planning is now. How will you pay for the care you need?  Where will you live? Who will take care of you? These are questions people need to ask themselves while they're young and in good health. The need for LTC services can arise at any time.  Having a plan in place when that day comes can help alleviate the emotional strain many families face.

7. The cost of waiting can be high. The ability to obtain a LTC iinsurance policy is based on age and good health. So it's important for people to understand that if something happens to cause a change in health status, they may not be able to purchase LTC insurance at any price!

8. Some coverage is better than none. Many people who think they can't afford an LTC insurance policy neglect to consider what would happen if they didn't have one. Without a policy to help pay the bills for LTC services, they may have to liquidate assets, sell stocks, dip into savings or retirement accounts, or sell property to come up with the cash they need.  Even a modest LTC insurance policy offers some protection for their important assets.

If you would like to schedule a no obligation appointment, please call us at 941-361-3057 ext. 4 or e-mail us at tobrien@firstbenefits.net .

Sarasota Health Insurance, Sarasota Life Insurance, affordable care act

 
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