What are the benefits of having health insurance?

When you are in the Chandler, AZ area you will have a few different types of personal insurance needs. One type of insurance that you are going to need to get is health insurance. There are several benefits that will come when you get a health insurance policy. 

You Will Have Access to Affordable Care

One of the primary advantages that come when you obtain a health insurance plan is that you will have access to affordable care. Anyone that would like to get health insurance in this area of the state will then be able to find a local physician to provide their primary care. If you ever become ill or hurt, you will also be able to receive the care that you need at a far more affordable rate. Ultimately, this can help to ensure you get care when needed without breaking the bank.

Policy Will Ensure Legal Compliance

You will also want to get health insurance as it can help to ensure you stay in legal compliance. Everyone across the country is required to obtain health insurance for themselves and their dependents. If you do not have this coverage, you could be required to pay a penalty when the year comes to an end. 

Those that are in the Chandler, AZ area and would like to get a proper health insurance plan should call the San Marcos Insurance Group. The team with the San Marcos Insurance Group understands how important it is to select the right health insurance. They can provide great service by assessing your personal situation to determine what type of coverage you should get. This will help to ensure that you get into a policy that is right for you and provides access to the healthcare that you need. 

How Does Whole Life Insurance Work?

A whole life insurance policy works very differently from a term life. It has its own rules and benefits, and it’s a popular choice for those who want to financially protect their families. If you need life insurance, call us at San Marcos Insurance Group in Chandler, AZ to find out more. 

A Lifetime of Insurance

While term life is in effect for a specific time period, whole life stays in effect for the rest of your life. It is an insurance type that is there when you need it, no matter what your age. If you keep paying the required premiums, your insurance cannot be canceled by the insurance carrier. And, the rate doesn’t go up over time. There is a set rate for your premiums, and this will not increase as you get older. Upon death, it pays a specific death benefit to the beneficiaries as agreed in the contract. 

Building Cash Value

Another facet of whole life insurance is that it slowly builds a cash value. The insurance company that issued the policy will take a portion of the profits made on it, through the company investing the premiums, and puts it into a cash value that you can borrow against if you ever need to. When you borrow it, the borrowed amount is deducted from your death benefit until the loan is paid back. If you were to die before the loan is fully paid off, the remaining amount is subtracted from your death benefit. 

Get Insurance for Life

If you are interested in getting a whole life insurance policy, call us at San Marcos Insurance Group in Chandler, AZ to get more information and to talk to an agent about your specific coverage needs. 

Commercial Insurance for Doctors

Although Arizona does not require medical practitioners to carry malpractice insurance or E&O insurance, many of its hospitals do. San Marcos Insurance Group wants you to protect your Chandler, AZ medical practice with the types of insurance policy those in the medical field need.

While the state does not require doctors, nurses, or other medical practitioners to carry commercial insurance, you should do so to protect your business’ financial health. Most hospitals require each medical practitioner to purchase a malpractice policy, one of the types of commercial insurance that applies to medical personnel.

This type of policy pays the settlement costs and legal and court costs if you, the medical practitioner, act with negligence in the course of delivering your expected level of care. While the hospitals also carry insurance, they require each individual practitioner to also provide their own policy.

A physician who builds medical devices, whether of a prosthetic nature or equipment to treat a medical issue requires E&O insurance. The E stands for errors and O stands for omissions. This type of insurance applies to situations where the device fails and harms the patient and/or fails to function as intended. The patient can sue for damages, and the E&O policy pays the settlement, legal, and court costs. Many medical practitioners do not require this policy, but those who design prosthetics do, as well as those who develop medical equipment, implant technology, etc. Hospitals typically require this policy if a doctor or nurse, or technician works on developing any type of medical equipment.

These two specialized liability policies provide protection for the practitioner and the hospital. Contact San Marcos Insurance Group of Chandler, AZ to learn more about insurance policies best suited to medical practice.

Hidden Health Insurance Facts Arizona Residents Should Be Aware Of

Based in Chandler, AZ, San Marcos Insurance Group serves the community by offering different types of insurance coverage. As an independent agency, we offer our clients flexible policies that suit their individual needs. Providing excellent customer service is one of our top priorities.

Hidden Health Insurance Facts

Health insurance is an asset that assists you in maintaining good physical conditioning. The policy covers yearly health checkups with your doctor, as well as any urgent care visits. If you are diagnosed with an illness and you have to be hospitalized, health insurance will protect you. The policy also covers any medication that your doctor may prescribe to help you feel better. While you are researching different policies, here are some hidden health insurance facts that you may not be aware of.

Alternative Treatments

Your health insurance policy may cover you if you pursue alternative forms of treatment. If your doctor recommends that you try acupuncture, yoga, or some chiropractic treatments, your health insurance policy may allow for it.

Staying Fit

Be sure to research the terms of your policy carefully to see if there are any benefits for striving to maintain a healthy lifestyle.  It is possible that your policy may include extra benefits for going to the gym regularly and staying active. The policy may also include benefits if you are adhering to a strict diet or are generally trying to watch what you eat. To assist you, your policy may include tips on different types of food to try.

In Home Visits

If you are feeling ill, but are unable to get to the doctor’s office in Chandler, AZ, your health insurance policy may cover in home treatment. This provides you with a layer of comfort that you can rest easy at home.

Consult With San Marcos Insurance Group

To learn more information on health insurance, visit our website today!

How can commercial insurance protect my Arizona business?

Those that are in the Chandler, AZ area will likely notice that there is a strong local economy that continues to support businesses of all types and sizes. Due to this, it can be a great place to start a business. When you are looking to start any type of business in this area of Arizona, it would be a good idea to get commercial insurance. When you get commercial insurance for your company, it will protect your organization a number of ways.

Insurance Gives Liability Protection

The risk of liability claims is a real one for any business. Those that are found liable for damages for any reason will need to pay for the damages that they caused. In some cases, this could be very devastating for your business. Due to this, you should get a commercial insurance policy as it will include liability insurance. This will help your business can remain solvent even if you are found liable for major damages.

Protection for Business Investments

Another reason that you will want to get commercial insurance is that it can provide you with protection for your business investments. Anyone that starts a business will have to invest a lot of capital to get it off the ground. This could include making investments in equipment, inventory, or other assets. If these assets were ever stolen, damaged or destroyed, the impact could be significant. With commercial insurance, you can receive protection for these assets.

If you are looking for commercial insurance in the Chandler, AZ area, you should reach out to the team at the San Marcos Insurance Group. If you do call the San Marcos Insurance Group you can learn more about this type of insurance and how it can protect you, which will help you choose the right policy. 

How to Make Sure You’re Getting Customized Health Insurance in Arizona

If you want to get health insurance for specific circumstances that go beyond the general coverage of a health insurance policy, you’ll need to talk to an independent insurance agent. For top-quality insurance products in the Chandler, AZ area, reach out to San Marcos Insurance Group.

The Issue with a One-Size-Fits-All Health Insurance Plan

When you sign up for a health insurance policy that’s too generalized without any coverage for your particular medical conditions, it can lead to trouble now or further down the road. You may end up needing a certain treatment or procedure and won’t have the ability to use your insurance for this. Or, you may have to visit a specialist doctor and the appointment(s) won’t be covered if there’s not something built into your policy in regards to it. This can leave you scrambling to get the funds for urgent health matters or losing out entirely which is likely to cause a worsening of those health issues that would have been addressed otherwise.

Make an Appointment with an Agent

It’s in your best interest to set up an appointment to discuss the concerns you have and health issues that fall outside of the range of what most general insurance covers. Let them know of your situation if it affects what you should get for health insurance. Then, they’ll make suggestions and tailor a package with the right policies and any additional coverage amounts that would be ideal.

Visit San Marcos Insurance Group, a team that is proud to serve the greater Chandler, AZ region for insurance needs. If you have questions, contact us and a representative will do their best to answer and put you at ease about the process of signing up for health insurance.

Why Your Business Needs Commercial Insurance

If you own a business in Chandler, AZ, then you need everything you can get to keep your business protected. Commercial insurance is a way to help keep your business from toppling in the case of an accident or worse. Some new and upcoming business owners may be unfamiliar with commercial insurance and what it covers. Luckily, you can learn all of the in’s and out’s of commercial insurance with San Marcos Insurance Group. 

What Does Commerical Insurance Cover?

Commercial insurance, or business insurance, is a type of insurance that protects you and your business from property damage or reputation damage. If you’re unfamiliar with commercial insurance protection, here are some areas in which commercial insurance can provide coverage for you and your business: 

  • Financial compensation for employees who are injured on the job
  • Repair costs
  • Replacement costs
  • Equipment damage
  • Liability
  • Lawsuits

These are just some of the general areas in which commercial insurance can provide coverage for you and your business. The specific coverage amounts and coverage types will depend on what coverage policy you choose. However, if you want to find the right commercial insurance policy for you and your business, visit San Marcos Insurance Group to protect your business. 

Why Is Commercial Insurance Important? 

Commercial insurance protects your business’s property and employees. After all, your employees are what keeps your business going. It only makes sense to keep them safe and protected, so that your business can continue to thrive. As a business owner, you want to do everything you can to ensure your business does well. That’s why it only makes sense to have commercial insurance. 

Stay Protected with San Marcos Insurance Group

To help you keep you and your business protected, visit San Marcos Insurance Group to find the right coverage for you. Our office serves the Chandler, AZ area.  

Mistakes To Avoid When Shopping For Health Insurance

Health insurance is one of the main investments in your worry-free and healthy life. Therefore, choosing the right policy based on your needs is not an easy task. There is a high risk of missing out on some key aspects. In order to help you to make an informed decision and pick the policy you really need, San Marcos Insurance Group serving Chandler, AZ has prepared a list of mistakes you should avoid when searching for a health insurance plan: 

Shopping At The Last Minute

Since buying a health insurance plan is an important decision, it will take time for you to find the best coverage. Therefore, it is better to start reviewing your options as early as possible. If you procrastinate and wait until the last day of enrollment, you will not have enough time to make the right decision. 

Not Revealing Your Medical History

When you are buying a health insurance plan, you should inform your insurance agent about your current health status and medical history. If you decide to be secretive about it, you risk not receive medical coverage in case of illness or an emergent medical issue due to a pre-existing medical condition. Moreover, not disclosing your medical history increases the risk of posing a threat to future claim settlements. 

Not Taking Your Own Requirements And Needs Into Consideration

One of the best things about health insurance is that you can pick a plan to fit your needs. However, many people ignore this aspect and pick a standard policy. Considering your requirements when buying health insurance is important and beneficial at the time of claim. 

If you are a resident of Chandler, AZ, or any other surrounding town who is searching for a health insurance policy, San Marcos Insurance Group is the company of professionals you can trust. Give us a call today or visit our website to find out how we can help you to get the coverage you need and can afford. 

How Will Commercial Insurance Protect my Business?

Anyone that would like to start a small business needs to find a great area to open and start it. One city that continues to offer a lot of great opportunities for small business owners in Chandler, AZ. When you are in Chandler, AZ, you will benefit from a large population base and a mentality geared towards helping local businesses. To ensure that your business is able to thrive, you need to get commercial insurance, as it will protect your business in many ways.

Ensures You Have Liability Protection

One of the reasons why you will want to get commercial insurance is that it can protect your business from liability risk. If you sell a product or service, you are always going to run the risk that you could be sued for liability. If you are sued and lose, it could be devastating. Fortunately, you can get a commercial insurance policy that will give you liability protection to offset this risk as you will have coverage for liability.

Covers Business Assets

When you start any type of business, you are going to need to purchase some assets for your business. This includes capital equipment, starting inventory, and other assets that will ensure your company is able to operate. When you have a commercial insurance policy, you will receive protection and coverage for these assets to ensure they will be replaced if the items are stolen or damaged. 

When you want to start a business in Arizona, you should speak with the San Marcos Insurance Group about your insurance needs. The team at the San Marcos Insurance Group can help you to identify risks associated with your business that could be mitigated with insurance. The team can then help you get into a policy that will provide you with the best coverage possible. 

Important terms to understand when choosing health insurance

Health insurance is something that everyone needs to have but it is one of the most confusing types of insurance. You will be asked to choose a policy to cover your healthcare needs and in some cases, it will seem like you are comparing apples and oranges. How can you make an informed choice when things are so different from one carrier to another?  You need to understand exactly what some of the insurance terms mean and by talking to the experienced team at  San Marcos Insurance Group in Chandler, AZ you can feel more confident with your decision. 

In order to choose the healthcare policy that makes the most sense for you, comparing copays, deductibles, networks, and formularies is important. Knowledge is power and knowledge will help you make the best decision for you. 

Copay

A copay is the portion of a medical expense that is your portion to pay. It can be a percentage or it may be a set amount. Examples are the amount you pay when you visit your doctor or the amount they ask upfront when you go in for blood work or Xrays. 

Deductible

The deductible is the amount of money you must pay before your policy goes into effect. High deductible policies are popular because they are less expensive but the reality is that if you don’t meet the deductible very few if any expenses will be paid. 

Formulary

This is the list of drugs that are covered under a plan. Drugs are assigned to a tier and each tier has a copay and some may also have a deductible. You should check which tier any drugs you take fall into. 

Network

These are the doctors and health facilities that you may use for coverage on your plan. Checking to make sure your personal doctor is in Network is something to do before signing on the dotted line. 

Call the San Marcos Insurance Group in Chandler, AZ to make an appointment to discuss your health insurance needs.