What is Health Insurance?

By definition, health insurance is a contract between an insurance company and a policy holder. But the components of health insurance, premiums, copays, deductibles, and out-of-pocket maximums, can vary by plan and how policyholders access care. Military families utilize TriCare, our disabled and Senior population utilize Medicare and/or Medicaid, and the remainder of our country’s population generally enroll in individual or group insurance. 

Employer Sponsored

Employer Sponsored health insurance plans are designed to be more cost-effective for businesses. Employee premiums are typically less expensive than those for an individual health plan. Premiums are paid with pretax dollars, which help employees pay less in annual taxes. Employers pay lower payroll taxes and can deduct their annual contributions. when calculating income taxes.

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Individual

Learn about the changing world of plans, premiums and benefits so you can make decisions that make sense for you and your family.

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Medicare

Medicare is the federal health insurance program for people who are 65 or older, or those under 65 who may qualify because of a disability or another special situation. Medicare helps millions of American seniors and disabled individuals cover some of their health care costs.

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Copyright © 2019 Neither Virginia Asset Group, Virginia Asset Group, Inc., nor Virginia Asset Group Insurance Services and their agents do not provide legal or tax advice. Therefore, you may wish to seek independent legal, tax, or financial advice prior to the purchase of a contract. Summaries of product provisions may not contain all of the benefits and exclusions. All products and features may not be available in all states and are subject to personal health history and underwriting guidelines. For complete terms of insurance coverage or annuity, please contact your agent or refer to the policy/contract.