Author: AgentInsure

One of the most momentous days in someone’s life comes when they get married. While a wedding is a very special celebration, it can also be very expensive and require a lot of planning. Part of the planning process should be to prepare for the unexpected. One way that someone in the Ada, OK area can do this is by getting wedding insurance. There are several reasons someone here should get wedding insurance.

Covers Risks of Cancellation or Postponement

When you have a wedding, you are likely going to have to reserve a venue, catering service, entertainment, and many other vendors. If the event needs to be canceled or postponed, you may still be on the hook for some of these costs. Fortunately, if you get wedding insurance, you can receive the protection and support that you need to offset these costs if you do have to cancel the wedding for a covered purpose.

Liability Protection 

During your wedding, there is always a risk that an accident could occur that leads to bodily injury or even damage to the venue. If this occurs, you could be held responsible. Fortunately, you can offset this risk by getting wedding insurance as it will provide you with liability protection. 

When you are looking for a new wedding insurance policy in the Ada, OK area, it would be a good idea to speak with an insurance team that is experienced and that you can trust. The insurance team at Moon – Baker Insurance Agency Inc. can help you choose the right wedding insurance policy for your wedding. When you get this insurance from Moon – Baker Insurance Agency Inc. you can be assured that you have proper insurance, which will allow you to plan and enjoy your wedding with peace of mind. 

If you are an Ada, OK resident, you have probably heard several myths about life insurance. But before you decide not to buy a policy based on these myths, here at Moon – Baker Insurance Agency, we demystify for you the myths and the facts. Taking a life insurance cover is one of the most acceptable ways to protect your loved ones from the uncertainties of life. You and your loved ones will overcome any financial hurdles without any challenges.

Myth: You only benefit from the life insurance policy after the death of the insured

It is assumed that you can only benefit from a life insurance policy after the insured’s death. This is not true. There are various types of insurance policies, most of which will provide financial aid if any life assured’s eventuality. A life insurance policy will offer you a moneyback guarantee after some time or a retirement plan. It would be best if you discussed with our insurance agents at Moon – Baker Insurance Agency on all the available options for you.

Myth: Life insurance is only a tax-saving means

Policyholders will sometimes invest in a life insurance policy as a tax saving option. While it’s true that you save a lot through tax relief by holding a life insurance policy, the policy acts as a financial safety net in case of life eventualities. At Moon – Baker Insurance Agency, Inc, our policies are customized to ensure the maximum benefits from the policy.

Myth: You do not qualify for a life insurance policy if you have an existing illness

This is not the case. However, you must disclose this information to our agents at Moon – Baker Insurance Agency, Inc. This is to avoid any surprises during the claim process. The insurance agents will discuss your medical history with you, and how that impacts the premiums, you are required to pay.

Please visit our website or visit Moon – Baker Insurance Agency at Ada, OK, for further clarification on the myths about life insurance.

Since July 1965 Medicare has been providing healthcare to people 65 years and older no matter what their medical history or income. Today more than 60 million Americans are covered by Medicare. In 1980 Congress brought Medicare supplemental insurance under government oversight. Today seniors have choices about the type of Medicare coverage they want. At Moon – Baker Insurance Agency Inc. in Ada, OK  we understand Medicare coverage is confusing, and having an insurance agent you trust can help with the decision-making process. 

Understanding Medicare

Medicare is not just one simple insurance policy. It has different parts with different requirements. You can choose from Original Medicare and a Medicare Advantage Program. You can only purchase a Medicare Supplemental Policy with original Medicare. Original Medicare has two parts:

• Part A which you receive free of cost covers inpatient hospital stays, hospice care, surgery, lab tests, and in-home health care. Skilled nursing care is also covered but not long term.
• Part B is medical coverage and you pay for it every month depending on your income. Coverage includes doctor’s visits, in-home care, outpatient care, and durable medical equipment. 

Medicare covers 80% of the negotiated costs of these services. It also has a yearly deductible that must be met. For the costs to be covered the provider must accept the rate that Medicare will pay. Original Medicare does not cover prescription costs. This is Part D coverage which you are mandated to buy under threat of a lifelong penalty. 

Medicare Part F

The reason why you need Medicare Supplemental Insurance is to pay the 20% that is not covered by Original Medicare. Many different companies offer these plans and they cover part or all of the 20% not covered. 

Contact Moon – Baker Insurance Agency Inc. in Ada, OK  to make an appointment to discuss your insurance needs. 

Health insurance is a necessity in the present age. It only takes one medical emergency in Ada, OK to empty your savings account. When it comes to health insurance, most buyers will choose between a Health Maintenance Organization (HMO) and a Preferred Provider Organization (PPO). The agents at Moon – Baker Insurance Agency Inc. can help you understand the difference between HMO and PPO health plans. 

What Is HMO Health Insurance?

An HMO insurance plan is coverage that provides financial protection for doctor-approved procedures. Those with HMO plans typically pay less in monthly premiums. Policyholders must, however, remain within the network to get the full benefits of their plans. 

Some consumers prefer health plans that do not require a primary physician’s approval before treatment is rendered. There is also the matter of remaining within the network, which leads to individuals having to choose another doctor if their preferred physician is not in their HMO circle. 

What Is PPO Health Insurance?

Those who want more liberality in choosing providers may select a PPO health plan. This type of policy lets policyholders choose their doctors and does not require a primary physician’s approval before procedures commence. 

A PPO plan costs significantly more than an HMO policy, which is why some may steer clear of this type of health insurance in Ada, OK. Those looking to save money on monthly premiums may not find a PPO plan as beneficial. 

Which Health Plan Is Right For You?

The best way to choose a health insurance plan is with a professional’s guidance. The agents at Moon – Baker Insurance Agency Inc. can help you understand how HMO and PPO indemnity policies work so you can select the plan that best suits your lifestyle. Call today Moon – Baker Insurance today to get started with a quote for coverage.