Health & Financial Services

The Ware Insurance Health & Financial Services Department acts as benefit advisor in designing, installing and administrating life and health plans for businesses and individuals.

Even as the cost of employee benefits soar, Ware Insurance Group continues to find ways for employers to provide excellent group benefits as part of a total compensation package. A well-designed employee benefit program can satisfy both employer and employee needs. You've recruited good people and invested in their training and development. Now you want to keep them and compete in the job market to attract new, quality employees. One important way is to provide an Employee Benefits program tailored to meet their needs.

At Ware Insurance, we know that a sound plan of benefits can put you on the leading edge when it comes to recruiting and retaining the best employees. Further, we understand that today's health costs make it essential that your plan be affordably priced.

Our Financial Services Specialists can tailor a plan to meet your individual needs, while still keeping in mind the need to hold down costs. We offer a full selection of products and services, such as:
¨ Buy/Sell Protection
¨ Dental
¨ Flexible Spending Accounts
¨ Group Health
¨ Individual Health
¨ Individual Life
¨ Key Person Coverage
¨ Long Term Care
¨ Long Term Disability
¨ Medical ¨ Retirement/401(k)/IRA
 
Buy / Sell Protection
If you have a partner in business, you have a need for insurance so that in the event of death or disability, you can buy out your partners interest without having to take out a loan or liquidate company assets. This is also important where children and taxes are involved. Dental
Dental Insurance Plan helps you cover the costs of dental care for you and your family. Covered dental services include exams, cleanings, fillings, extractions as well as crowns, bridges, dentures and orthodontia.

Key Person Coverage
Your key employees are your most valuable business assets. Their skill, knowledge and experience are your real profit makers. Without them, the success and growth of your business could be in jeopardy. Key employee insurance is designed to protect your business from the adversities associated with the loss of a key employee, manager or executive. The death or disability of a key employee could result in a substantial financial loss due to hiring and training a replacement, lost sales, and/or slowed production.

Long-Term Care
Long-Term Care is the 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.

Individual Health
Individual health insurance programs are designed for individuals and families who cannot obtain health insurance through an employer. Due to the continually rising cost of medical care, it has become more important to provide health insurance for you and your families. Ware Insurance offers health insurance programs to individuals, which offer extensive coverage, as well as high-deductible programs which are designed to protect against catastrophic financial losses.

Long-Term Disability
Disability insurance replaces your income should you become disabled and unable to work. Many people have some form of disability insurance through their employer. The employers' policy may not be just what your need. In this case, you will probably want to supplement the employer's policy with an individual policy of your own.

Medical
Employees have three medical options: Preferred Provider Organization (PPO): allows employees to use any physician in or out of the network. Benefits are paid in accordance with the provider selected.

Exclusive Provider Organization (EPO): employees choose their physician from a list of approved EPO providers. This plan is offered nationwide wherever EPO networks are available.

Our PPO and EPO plans are built around health care networks and a high level of coverage for using network providers. There are no "gate keepers." Therefore, primary care physicians and referrals to specialists are not necessary. You have the freedom to choose any physician in the network any time.

Retirement / 401(k) / IRA
Many experts agree that Social Security may not exist in the same form for future retirees. That is why it is more important now than ever before to plan for retirement. We help companies start, transfer and maintain their retirement plans of all types, not just 401(k) plans. A 401(k) plan offers businesses and their employees one of the most effective tax shelters available today:
· Company contributions are immediately tax deductible
· Employees are not currently taxed on company contributions
· Employees' investment earnings accumulate tax-free, until distributed as benefits
· Costs of establishing and maintaining the plan are deductible as ordinary and necessary business expenses.

Individuals may establish a Traditional IRA account with tax-deductible contributions (subject to certain income levels) not to exceed the amount by law for any one year or 100% of income whichever is less.)