Starke Financial Services

It is important to have health insurance coverage, but the sea of insurance options in the USA makes navigation complicated. Choosing the right policy and understanding what it does and does not cover in advance of any medical emergency is important so you can know how much you will pay out of pocket. Understanding your plan, coverage, and benefits can help you navigate your policy and use it to your advantage to stay healthy while ensuring financial security. In this article, we will provide you with a comprehensive guide to understanding and navigating your health insurance policy. Insurance Basics Insurance is a contract between a user and an insurer in which the insurer guarantees payment for an uncertain future event in the insured person's life for monthly, quarterly, or annual premiums. There are various insurance plans available in the market that provide cover to different aspects and assets in a person's life. For instance, life insurance covers the life of a person w...

Annual health checkups are beneficial for people of all ages. It can help identify any early signs of health issues and early detection of illnesses means more treatment opportunities. While everyone needs to visit the doctor occasionally, without suitable health coverage, an appointment is not cheap. Having the right insurance will help you get the required medical care on a budget. However, health insurance in the USA can be confusing. Without having a thorough understanding of your plan, network, and benefits, you cannot make the most out of your plan. If you are looking to get the maximum benefit from your insurance plan and save money on your care, try the tips below. Understand Your Plan Many policyholders fail to take advantage of the benefits offered by their health insurer simply because they are unaware of the benefits. As a result, they end up paying out-of-pocket expenses that their insurance already covers. That is why, understanding your plan is one of the keys to maximi...

Setting aside money for unplanned expenses or financial emergencies like medical bills, a loss of income, car repairs, or home repairs can help tide you over difficult times and provide much-needed financial security. Everyone should save money to pay for the unexpected; it is just a question of how to save. The availability of various financial tools such as insurance, saving accounts, and emergency funds may leave you thinking about which tool would be your best option to keep your funds for financial emergencies. Emergency Fund vs. Insurance Choosing the most appropriate tool depends on several things such as your circumstances, the sorts of emergencies you might face, and how much insurance coverage you already have. For instance, if you are carrying high-interest debts, then keeping money for anything other than paying down those debts should be the last thing on your mind. Similarly, someone who does not have a health insurance plan or has a plan that covers only basic Medicare s...