Health Insurance
Save On Health Insurance
We have been working with Heatlh Insurance carriers for over fifteen years, and can safely say we are experienced in picking great plans for all walks of life.
Whether this is the first time you are purchasing health insurance or you have questions about your current plan, Hubbard Agency will work with you to find the coverage you need.
Your Insurance Experts
When it comes to health insurance, it can get stressful. We remove that stress, understand your needs, and get you on the plan that is right for you and/or your family. We are your experts in insurance that are advocating for you.
More About Health Insurance
Assignment
The approved amount agreed upon by medicare and your doctor or medical provider for the services or supplies provided to you. This is the full amount they will charge.
Coinsurance
Coinsurance is a set percentage you pay towards your health care. This is after your deductible has been met.
Custodial Care
Coverage for care not performed by medical professionals. This means people who do not have a nursing or medical professional training backgrounds.
Extra Help Program
Beneficiaries who are receiving low-income subsidy qualify for the extra help program. These beneficiaries receive assistance in paying for their part D monthly premium, annual deductible, coinsurance, and co-payments. These individuals also do not have any gap in prescription coverage, known as the “donuts” hole.
Lifetime Reserve Days
Each individual has 60 non-renewable extra days for which medicare will pay over the original 90 covered days. For example, if you stay in the hospital for 110 days during your benefit period, Medicare will pay for 90 of those days. The 20 additional days can be taken out of your lifetime reserve days. Usage of these 20 days would reduce to the reserve to 40 days. Once all 60 days have been used, the beneficiary will not receive any extra days during their lifetime.
Lifetime Reserve days are covered fully by medicare besides coinsurance.
Medicare-Approved Amount
Fee that health insurance plan sets as the amount a provider should be paid for a particular service.
Primary Care Doctor
Your physician you first turn to when any health related care issue arises. These physicians can refer you to any specialist for extra care.
Benefit Period
Time spent in the hospital or skilled nursing facility.
Co-payment
A set amount that you pay each time for a service or prescription from the doctor.
Deductible
Your deductible is the amount you pay for one year in services or prescriptions before coverage begins.
Formulary
A formularys is a list of covered drugs in your health insurance plan. These drugs are FDA approved and are placed in different tier groups based on coverage level. The amount you have to pay is based upon the tier level and the plan you choose.
Medically Necessary
Services or supplies needed to help an individual prevent, treat or diagnose an illness, condition or disease.
Service Area
Each plan is designated to certain areas of coverage. If you move out of this area, you will be disqualified from that plan.
Common Coverage Options
Medicare Plans
Health Insurance
Life Insurance
Annuities
Home & Rental
Business Insurance
Auto Insurance
Dental & Vision
Speak With Someone Who Cares...
Location
Skyline Mall
1643 W. Main St.
Albert Lea, MN 56007
Hours
Monday - Friday: 8am – 5pm
By Appointment:
Saturday & Sunday: 11am – 5pm