Massachusetts Affordable Insurance Services

Health Insurance

Government (Public) Health Insurance

1. Medicare

  • Medicare Part A: Covers inpatient hospital services, skilled nursing facility care, and certain home health care services.
  • Medicare Part B: Encompasses outpatient care, physician services, preventive health services, and select home health care.
  • Medicare Part C (Medicare Advantage): Offered by private insurance providers, this plan includes both Part A and Part B coverage and may offer additional benefits, such as dental and vision care.
  • Medicare Part D: Provides coverage for prescription medications.

2. Medicaid

  • A joint federal and state program that provides health coverage for individuals and families with low income, including children, pregnant women, elderly individuals, and those with disabilities. Eligibility and coverage details may differ by state.

3. Children’s Health Insurance Program (CHIP)

  • Provides comprehensive health coverage for children in families who earn too much to qualify for Medicaid but cannot afford private insurance. In certain states, CHIP also extends coverage to pregnant women.

4. TRICARE

  • A healthcare program serving military personnel, veterans, retirees, and their families, offering a range of coverage options, including TRICARE Prime, TRICARE Select, and TRICARE for Life (for Medicare-eligible individuals).

5. Veterans Health Administration (VA) Benefits

  • A healthcare system providing medical services to eligible veterans. The VA offers a wide array of services, including preventive care, inpatient and outpatient care, and specialized treatment for conditions unique to veterans.

6. Indian Health Service (IHS)

  • Delivers healthcare services to American Indian and Alaska Native populations. While IHS provides essential services, it may not be fully comprehensive, prompting many beneficiaries to seek additional coverage such as Medicaid or private insurance.

Private Health Insurance

1. Employer-Sponsored Health Insurance

  • Insurance provided by employers to employees and their dependents, often offering various plan options such as HMOs and PPOs. Plans typically vary in coverage, premiums, deductibles, and out-of-pocket costs.

2. Individual or Family Health Insurance

  • Health insurance purchased directly by individuals or families either through insurance providers or via the Health Insurance Marketplace. These plans vary in terms of cost, network coverage, and benefit levels (e.g., Bronze, Silver, Gold, and Platinum plans).

3. High-Deductible Health Plans (HDHP) with Health Savings Account (HSA) Options

  • Plans with a higher deductible, typically offering lower monthly premiums. These plans can be paired with an HSA, enabling policyholders to save funds tax-free for medical expenses.

4. Health Maintenance Organization (HMO)

  • Requires members to designate a primary care physician (PCP) who coordinates referrals for specialist care. HMOs tend to offer lower premiums and coverage through a network of approved healthcare providers.

5. Preferred Provider Organization (PPO)

  • Provides flexibility in choosing healthcare providers without the need for referrals to see specialists. PPO plans usually feature higher premiums but allow for out-of-network coverage.

6. Exclusive Provider Organization (EPO)

  • Similar to PPO plans, EPOs do not cover out-of-network care except in emergencies. They typically offer lower premiums in exchange for a more limited network of providers.

7. Point of Service (POS)

  • A hybrid between HMO and PPO models, POS plans require a PCP and referrals for specialists, but provide out-of-network coverage at a higher cost.

8. Short-Term Health Insurance

  • Temporary insurance intended to fill gaps in coverage, such as during employment transitions. Short-term plans generally offer limited benefits and do not cover pre-existing conditions.

Supplemental and Specialized Insurance

1. Medigap (Medicare Supplement Insurance)

  • A private insurance plan that helps cover out-of-pocket expenses not paid by Medicare, including co-payments, coinsurance, and deductibles. Available only to individuals enrolled in Original Medicare.

2. Dental and Vision Insurance

  • Provides coverage for routine dental and eye care, which is typically not included in general health insurance plans.

3. Critical Illness Insurance

  • Pays a lump sum if the policyholder is diagnosed with a serious illness, such as cancer, heart attack, or stroke, to help with medical and non-medical expenses related to treatment.

4. Accident Insurance

  • Provides financial support in the event of injury, assisting with medical expenses, transportation, and other unexpected costs following an accident.

5. Long-Term Care Insurance

  • Covers the cost of services related to long-term care, such as assistance with daily living activities, including bathing, dressing, and eating. Standard health insurance generally does not cover long-term care.

Life Insurance

Life Insurance Options with DARBEYBIZ

Term Life Insurance

Provides affordable coverage for a fixed period, making it ideal for those seeking budget-friendly protection, such as while raising children or paying off a mortgage.

  • Affordable premiums
  • Flexible term lengths (10, 20, or 30 years)
  • Guaranteed death benefit
  • Option to convert to permanent coverage

Whole Life Insurance

Offers lifetime protection with fixed premiums, a guaranteed death benefit, and cash value growth you can use for emergencies or retirement.

  • Lifetime coverage
  • Fixed premiums
  • Cash value accumulation
  • Loan options available

Universal Life Insurance (UL)

Combines lifelong coverage with flexible premiums and cash value growth tied to interest rates.

  • Adjustable premiums and death benefits
  • Cash value accumulation
  • Lifetime coverage

Indexed Universal Life Insurance (IUL)

A permanent policy offering market-linked cash value growth with downside protection during market downturns.

  • Cash value growth linked to a market index
  • Downside protection
  • Flexible premiums and death benefits
  • Tax-deferred growth

Final Expense Insurance

Designed to cover end-of-life costs like funeral expenses with simplified underwriting and quick approval.

  • Affordable premiums
  • No medical exam required
  • Covers funeral, medical, and other final expenses

Guaranteed Issue Life Insurance

Offers guaranteed approval without health exams, perfect for those who may not qualify for traditional policies.

  • No medical exam or health questions
  • Guaranteed approval
  • Affordable premiums

Child Life Insurance

Provides lifelong coverage for children with cash value growth and options to convert to adult coverage.

  • Affordable premiums for children
  • Lifelong coverage
  • Builds cash value

Mortgage Protection Insurance

Tailored to cover your mortgage payments in the event of death or disability, ensuring your family keeps their home.

  • Covers mortgage payments
  • Customizable to your mortgage terms
  • Affordable and simple underwriting

Return of Premium Life Insurance (ROP)

Combines term life insurance with a refund feature, returning all premiums if you outlive the term.

  • Refund of premiums if unused
  • Affordable coverage
  • Risk-free investment

Accidental Death & Dismemberment (AD&D) Insurance

Provides additional coverage for accidental death or dismemberment, complementing existing life insurance.

  • Additional financial protection
  • Covers accidental death or loss of limbs/vision

Each plan is tailored to meet your unique needs and circumstances. Reach out to DARBEYBIZ to find the policy that fits your goals and provides peace of mind for you and your loved ones.

Retirement Planning

At DARBEYBIZ, we understand the importance of planning for a secure and comfortable retirement. Our tailored retirement planning solutions are designed to help you build a strong financial foundation, ensuring peace of mind for your golden years. Whether you’re just starting to save or nearing retirement, we provide personalized strategies that align with your unique goals.

Our Retirement Planning Services Include:

  • Individual Retirement Accounts (IRAs): Tax-advantaged savings options to help you grow and protect your retirement funds.
  • 401(k) Rollovers: Seamlessly transition your old 401(k) into a new plan with better flexibility and control.
  • Annuities: Guaranteed income streams to ensure financial stability throughout retirement.
  • Long-Term Savings Strategies: Customized plans to maximize your savings and minimize taxes.
  • Retirement Income Planning: Structured plans to ensure your savings last as long as you do.

With DARBEYBIZ, you’ll receive expert guidance every step of the way, helping you navigate complex retirement options and feel confident in your financial future.

Disability Coverage

Life can be unpredictable, but your income doesn’t have to be. DARBEYBIZ offers comprehensive disability coverage to protect you and your family in the event of an illness or injury that prevents you from working.

What Our Disability Coverage Offers:

  • Short-Term Disability Insurance: Provides income replacement for temporary disabilities caused by illness or injury.
  • Long-Term Disability Insurance: Ensures financial stability by replacing a portion of your income during extended periods of disability.
  • Customizable Policies: Tailored coverage options to meet your specific needs and lifestyle.
  • Supplemental Coverage: Add-on policies to complement existing workplace disability benefits.

Why Choose Disability Coverage?

  • Protects your income and financial stability
  • Covers essential living expenses, such as mortgage, utilities, and childcare
  • Peace of mind knowing your family’s needs are taken care of

At DARBEYBIZ, we’re committed to helping you safeguard your financial well-being. With our disability coverage solutions, you can focus on recovery without worrying about financial strain.

Let DARBEYBIZ guide you in creating a retirement and disability plan that fits your life’s needs and goals. Contact us today to get started!