Demystifying Health Insurance

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Healthcare in the United States can get pretty expensive. That’s why you need health insurance, to pay off any medical bills you accrue due to illness or injury. It may seem confusing with all the legal mumbo-jumbo, but really it isn’t. What you really need to understand is that under the Affordable Care Act, there is a set of ten categories of services that health insurance plans must cover. 

Health Insurance Services

Ambulatory Patient Services 

Health insurance will cover the bill if you need an ambulance. 

Emergency Services

If you need to go to the emergency room, health insurance will take of most or all of the bills. 

Hospitalization 

If you need to stay in the hospital overnight or longer health insurance can help pay for this expense. 

Maternity and Newborn Care

If you are pregnant or recently had a baby health insurance can help pay for the medical care you and the child need. 

Mental Health and Substance Use Disorder 

If you need rehab, psychological therapy or institutionalization for these illnesses health insurance can help pay for it. 

Prescription Drugs

If you need medication to be prescribed for any ailment health insurance can pay all or most of your pharmacy bill. 

Rehabilitative Services and Devices

If you need a cane, orthopedic shoes, or any mobility device health insurance can at least defray the cost. 

Laboratory Services

If you need bloodworm, urinalysis, a CAT scan, or anything similar, health insurance can aid in paying that off. 

Preventive and Wellness Services and Chronic Disease Management

Health insurance can pay for preventative measures and treat chronic diseases.

Pediatric Services

If your child needs health care, including vision and oral care, it can be paid off with health insurance. 

R&R Insurance Group LLC Serving Quakertown, PA

If you need health insurance and live in the Quakertown, PA area, then don’t hesitate to get in touch with R&R Insurance Group LLC. We’ll do all we can to help you. 

Demystifying Health Insurance

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At R&R Insurance Group LLC in Quakertown, PA, we know that there are a number of misconceptions when it comes to health insurance. That’s why we are here to provide our clients with all of the tools that they need to make a truly informed decision. Let’s take a closer look at the most common misconceptions when it comes to health insurance so that all of the most prevalent myths can be debunked in short order.

Health Insurance Myths

Health Insurance Cannot Be Used Too Often

This is a common misnomer, as policyholders often believe that they will be unable to use their insurance on a regular basis. However, health insurance is not like car insurance. There is no reason to worry about these types of concerns. You do not have to remain concerned about the frequency at which you are utilizing your health insurance policy. Our experienced team of professionals is happy to dispel these types of notions for you.

These Policies Only Matter If You’re Sick

Once we are sick or injured, that’s when we take the time to think about a health insurance policy. This is the wrong approach to take, as it will behoove a potential policyholder to be as proactive as possible. A health insurance policy is not purchased because you have fallen ill; it is purchased as a safety measure to keep you from getting sick in the first place.

Mental Health Assistance Is Not Included

This is a myth that has kept numerous Quakertown, PA residents from pursuing the health insurance policy that works best for their needs. In reality, mental health assistance is included in a wide range of potential policies. When you speak to our team of experts, we are able to provide you with the mental health care access that you need.

Schedule A Consultation Today

If you have any additional questions about the complexities of health insurance, please be sure to reach out to our helpful professionals as soon as possible. The good folks at R&R Insurance Group LLC are here to help. Schedule a consultation as soon as you are ready to learn more.

Pennsylvania Motorbike Insurance Requirements

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Any type of motorized conveyance in Pennsylvania requires liability insurance, which you can obtain from R&R Insurance Group LLC. If you operate a motorcycle in or around Quakertown, PA, you will need to purchase a bike policy that includes at least the following three coverage types at the specified minimum amounts:

  • Personal injury coverage in the amount of $15,000 for one person per accident
  • Personal injury coverage in the amount of $30,000 for all persons in an accident
  • Property damage coverage in the amount of $5,000 per accident.

These required coverages only protect the other drivers on the road. To protect your vehicle, you will need to add optional insurance. You can also increase the amounts of coverage of the three required insurance types.

Motorcycle Insurance Options

Purchasing insurance to protect your motorbike means buying collision and comprehensive coverage. These come separately, but you can add each to your overall motorcycle insurance policy. Collision provides funds to repair or replace your bike when it becomes damaged in an accident, even a single-vehicle accident. Comprehensive insurance protects your finances by paying for damages caused by acts of nature or person, such as hail storms, hurricanes, or vandalism.

Also, consider medical coverage, which some states refer to as personal injury protection (PIP). This type of coverage goes by other names in other states, but it covers your injuries regardless of who caused an accident. That means if a rider incurs injuries when a deer runs out in front of their bike, their medical coverage in their bike policy pays for their medical treatment.

Contact Us Today for Coverage

Call or email R&R Insurance Group LLC to update your motorcycle policy before hitting the road in Quakertown, PA. Let us help you protect your financial security.

 

*** Quakertown PA Quakertown PA

Key Factors to Consider When Selecting Auto Insurance Coverage

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Oftentimes, price is at the top of the list when people shop for auto insurance. Although affordable cost is important, there are other factors to consider when purchasing auto coverage. A well-rounded auto policy will cover your injuries and vehicle damage as well as that of others from accidents you cause. At R&R Insurance Group LLC, we can customize an auto policy to meet your driving needs in Quakertown, PA. 

What to Consider When Purchasing Auto Insurance

Required Coverage

Most states require that drivers have minimum liability insurance and Pennsylvania is no exception. Liability insurance pays for damages to others in accidents that are your fault. As minimum liability insurance may not fully cover the damage caused by serious accidents, we recommend getting as much liability coverage as you can afford.

Value of Your Car

If you drive an expensive vehicle, you’ll want full protection to cover costly repairs in the event of an accident. Collision insurance covers damage to your vehicle caused by collisions. Comprehensive insurance pays for damage to your vehicle from non-collision causes such as inclement weather and vandalism. It also protects your car from theft. 

Your Driving Habits

Your driving habits should be considered when getting auto insurance. If you spend a lot of time on the road or drive long distances, you’re at greater risk of an accident. In addition to liability, collision and comprehensive insurance, you may want to add uninsured motorist coverage to your policy to protect you against drivers who have insufficient coverage to pay for your damages.    

Your Driving Experience

Inexperienced drivers are at greater risk of causing accidents and should have ample insurance to cover any eventuality.

Contact R&R Insurance Group for Quality Auto Coverage

For quality auto insurance to best meet your needs in the greater Quakertown, PA community, contact R&R Insurance Group LLC.

Key Considerations When Shopping for Umbrella Insurance

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Umbrella insurance can provide peace of mind and may also mitigate major risks. Insurance plans are rather complex, so it’s crucial to study the terms. If you find gaps in coverage, you may be able to get an umbrella insurance plan that will mend those gaps. Contact R&R Insurance Group LLC, serving Quakertown, PA, to explore umbrella insurance options.

Different insurance plans will cover different things. One insurance plan might cover damage caused by flooding, while another may not cover flood damage. Likewise, many insurance plans have limits. One plan might cover up to $50,000 in damages, while another might set the limit at $100,000.

When shopping for insurance plans, it’s crucial to consider various factors so that you can make the right choice.

Let’s take a look at the factors worth considering:

What is the Local Environment Like?

Umbrella insurance plans can mitigate risks, but it’s important to understand what the risks are in the first place. Insurance prices may vary from one area to another. If someone lives in a neighborhood with high crime rates, their car may be more likely to end up stolen or otherwise targeted by criminals.

What Properties Will Be Covered?

Generally speaking, the more valuable something is, the higher the premiums that you’ll have to pay (assuming other factors remain equal). Further, valuable assets can increase risks simply because the owner has more of their wealth tied up in such properties.

What Are the Payment Limits?

If someone owns an asset worth $100,000, but their insurance for said asset sets a limit of $50,000, the property owners may not be able to recover their full losses should the property be damaged, stolen, or destroyed (among other things). It’s crucial to consider how valuable the asset is when selecting policies.

Reach Out To Us

Get in touch with R&R Insurance Group LLC in Quakertown, PA to learn more.

Will flood insurance cover my water damaged she-shed?

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Homeowners insurance covers some water-related damage. However, the cause of the water damage often determines if homeowners insurance will cover it. Understanding what homeowners’ insurance policy covers and what’s covered by flood insurance can be confusing. Our R&R Insurance Group LLC team helps Quakertown, PA residents understand flood insurance and what’s covered.

What is Flood Insurance?

Flood insurance is designed to cover damage and loss as a direct result of flooding. A flood is defined as an excess amount of water on land that is usually dry.

Flood insurance covers your home, your personal belongings, your home’s foundation, electrical, and plumbing. Other structures on your property are also covered by flood insurance.  If you have a shed, small home, or greenhouse, flood insurance will cover the repair or rebuilding of the property. Your assets, furniture, clothing, and other personal belongings fall under the umbrella of personal items covered by flood insurance.

Other things may be covered by flood insurance if the flood causes the malfunction of something else. For example, if your septic tank backs up as a direct result of a flood, it’s covered by flood insurance.  

Will flood insurance cover my water damaged she-shed?

Yes. If your she-shed is located on your property, its repair or rebuild is covered by your flood insurance. Also, all of your personal items inside of your she-shed are covered too. Your plumbing, electricity, and foundations are covered as well.

Flood insurance covers your interior, exterior, property, and all other structures on your property.

Looking for Insurance in Quakertown, PA?

If you have questions about flood insurance and what’s covered, call us at R&R Insurance Group LLC. We’d be happy to answer your questions and discuss flood insurance coverage. 

Condo Insurance for First-Time Buyers: What You Need to Know

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When you’re a first-time condo buyer in the Quakertown, PA area, navigating the various insurances you need can be daunting. But it doesn’t have to be complicated! As your local insurance expert specializing in condo insurance, R&R Insurance Group LLC is here to offer insight and answer all your questions — no matter how big or small.

Understanding Condo Insurance for First-Time Buyers

Condo insurance is a type of homeowners policy that covers the contents of the condo you own (including any personal belongings) against physical loss or damage due to theft, fire, and other covered perils. It also provides liability coverage for when someone is injured at your condo and even helps cover additional living expenses if you must move out of your unit due to a covered loss.

What Does Condo Insurance Cover?

When it comes to condo insurance, there are two types of coverage: the master policy and the individual policy. The master policy is provided by your condo association and covers the building itself as well as common areas shared by all residents. This type of coverage does not protect against personal losses or liabilities that occur within the boundaries of an individual unit (for instance, a flood inside your unit).

That’s where an individual policy comes in — providing protection for damage or destruction to any part of the interior unit, including appliances, furniture, and other personal items.

Reach Out To Us

At R&R Insurance Group LLC, we understand that navigating condo insurance in the Quakertown, PA area can seem overwhelming — especially for first-time buyers! Our experienced agents will help guide you through the process of finding a policy that meets your needs, so you can have peace of mind knowing you’re protected against potential losses or liabilities. Contact us today to get started!

Check One…Check Two… Is this Mic on?

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Did you know if you have an ACA health plan that you can get physicals and many preventative health screenings free of cost?  Many people say your health is your wealth. By getting preventative screenings, you can prevent larger problems and be here to do the things you love.

  • Health insurance may be more affordable than you think! Through the Healthcare Marketplaces, you can get subsidies to help pay for coverage. Subsidies are based on household income and family size. The federal exchange is healthcare.gov. Many states, including PA and NJ, have gone to state-based exchanges. Pennsylvania’s healthcare exchange is called Pennie.com New Jersey’s exchange is GetCoveredNJ.com

The exchanges have rates for all the companies that do business in your area. There are a variety of plans. In general, there are four levels of plans (Bronze, Silver, Gold, and Platinum) All plans include preventative care.

  • The Bronze plans are the least expensive. They are set up as catastrophic plans. They have a large deductible, and they are designed to take care of any big bills that may come your way. None of us know what lies ahead for us. This protects what you have worked hard to build for you and your family.
  • The Silver plans are a popular plan choice. While still being on the lower end of the cost spectrum, they provide more first dollar coverages. It is also important to know that based on your income you may qualify for CSRs (Cost ShareReductions) if you have a silver plan. What this means is that you could get lower copays and deductibles than what is offered in the standard Silver plan.
  • There are open enrollment periods during which you can purchase or change your Health plan. In general, this period of time runs from Nov. 1st to Jan. 15th. Some states extend the open enrollment to January 31st. You may, however, be able to purchase coverage mid-year if you qualify for a Special enrollment period. Some of the life changes that qualify you for a SEP include getting married, getting divorced, having a baby, moving, or losing other Coverage (Employer or Medicaid.)

Are you interested in a free quote?

Give me a sound check!!!

215-310-9324 www.rrinsurancepa.com

Ray Ruth

R & R Insurance

Insuring Recording Artists for 25 Years!

What Are My Healthcare Options?

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Almost everyone benefits from having health insurance. You never know when you’ll be involved in an accident or come down with severe sickness, and having insurance can prove to be of the utmost value. Health insurance provides compensation for your medical bills and can also cover a loss of income in some situations. Keep reading to learn more about your healthcare options in Quakertown. PA or contact R&R Insurance Group LLC.

How to Get Healthcare?

Once you choose to get health insurance, you’ll need to consider your options. There are several ways to get a policy, each of which presents its own pros and cons. Here’s a look at four ways you can get insurance today.

Individual Health Insurance

You can buy a health insurance plan for yourself or your family from a health insurance company or through the Affordable Care Act marketplace. When you use this option to get health coverage, you don’t have to worry about being tied to a certain job. Since the insurance isn’t coming through your employer, you’re able to switch jobs and industries as much as you like without compromising your coverage benefits.

Medicare

Medicare insurance provides a wide range of comprehensive coverage. You can only qualify for this type of insurance if you are over 65 years old. If you’re under 65, you must have a disability or suffer from ALS or end-stage renal disease.

Medicaid

Medicaid is available to those with low or no income. Certain individuals with low or no income automatically qualify for this type of insurance. These qualifying individuals include women who are pregnant, elderly adults, people with certain disabilities, and children.

Employee-sponsored Plan

An employer-sponsored health plan is chosen and paid for by your employer. Many employers allow you to insure yourself as well as your spouse and children through employer-sponsored plans. You may be responsible for a portion of the health plan premiums, but the employer usually pays the bulk of them.

Want to learn more about your healthcare options in Quakertown, PA? Contact R&R Insurance Group LLC today.

Three misconceptions out there about bonds insurance

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Bonds insurance is an important type of insurance that those involved with investing need to understand. At R&R Insurance Group LLC, we can provide bonds insurance that protect investments in Quakertown, PA. Unfortunately, bonds insurance is sometimes misunderstood.

The following are three common misconceptions out there about bonds insurance:

Bonds insurance is the same thing as a surety bond.

One of the most important things to understand is that bonds insurance and surety bonds are not the same thing. Bonds insurance is a type of insurance coverage that the issuer of a bond may purchase to improve the reliability of a bond investment. 

Bonds insurance can occasionally be referred to as financial guaranty insurance. 

Bonds insurance is purchased by bondholders.

Another common misunderstanding about bonds insurance is that bonds insurance policies are purchased by investors. However, investors are not the ones who buy bonds insurance. 

Bonds insurance is actually typically purchased by the issuers of bonds. Investors themselves cannot purchase bonds insurance to reduce the risk involved in their bond investments. If a bond issuer offers bonds insurance, this makes bond investments more attractive to investors and can improve the credit rating of the bonds in question. 

Bonds insurance is only seen with asset-backed securities.

Bonds insurance is commonly associated with asset-backed securities. However, asset-backed securities are not the only type of investment that bonds insurance can be used with.

Companies that issue bonds might also use bonds insurance to make municipal bonds investments more risk-free and attractive to bond investors. 

Are you interested in bonds insurance?

You can contact us at R&R Insurance Group LLC for a quote on bonds insurance in Quakertown, PA.