The Affordable Care Act mandated that Americans purchase some form of health insurance. Many young people questions that need as they are young and healthy. Health insurance, though, like auto insurance is a financial tool that protects people. While many find it hard to afford or difficult to obtain if they have a preexisting condition, it’s still important. At San Marcos Insurance Group in the Chandler, AZ area, we realize that some may grapple with health insurance costs but we will help you find the right policy for your lifestyle.
While you may be healthy now, life is unpredictable. When illnesses or accidents occur, they can also bring unexpected financial burdens that are more than the average consumer can bear. Also, without the required coverage, Americans are required to pay a penalty. This amounts to $695 per adult or 2.5% of their annual income. When that amount is considered, that’s a pretty significant hit to the budget.
Health insurance can make sure that you stay financially sound. Even a small medical emergency can result in bills that are daunting. Appendicitis, car crashes or serious illnesses like cancer can mean financial ruin. In fact, the number one cause for bankruptcy in the United States is medical expenses.
All insurers, however, are required to cover preventive care and checkups. This means that vaccinations, mammograms, and prostate cancer screenings are covered automatically. So with the right health insurance, you have the opportunity to remain healthy and catch any problems early. In the end, this makes them less expensive to treat.
At San Marcos Insurance Group, our team works to get the residents of the Chandler, AZ area covered with the health insurance they need. Give us a call or come by for a visit to find out how you can protect your health and your finances today!
Having a good commercial insurance plan can save your company in the event of an emergency or accident. Unfortunately, a lot of business owners make mistakes that drastically limit what they get back from the investment they make in commercial insurance.
If you’re a Chandler, AZ business owner on the market for the right commercial insurance policy, we’re here to help at San Marcos Insurance Group. We advise customers to avoid the following three commercial insurance mistakes:
Overlooking required insurance types
The most important thing when it comes to commercial insurance is meeting legal requirements. Some business types are required to have commercial insurance to legally operate. This is especially true when it comes to situations where you’re driving a commercial vehicle or hiring employees.
When you drive a company vehicle, you require a special commercial auto insurance policy. Also, companies with employees are generally required to have workers compensation insurance.
Focus first on finding out what types of commercial insurance you need by law to avoid penalties and fees.
Being unaware of exactly how your policy works
Insurance can be a complicated product. You really need to weed through the details and read the small print to understand what you’re getting in a commercial insurance policy. Make sure you understand all pertinent factors like how your deductible works and how much coverage you’re getting for various incidents before you agree to a particular policy.
Having no business interruption coverage
A lot of business owners, unfortunately, overlook business interruption coverage. This is compensation for the revenue that is lost during periods after an accident when a company can no longer carry on business as usual. Business interruption coverage is essential to have because it ensures continued revenue regardless of what happens to your company.
If you’d like more information on finding the right commercial insurance for your company, contact us at San Marcos Insurance Group for information on our Chandler, AZ policies.