An effective financial plan is far more than the sum of its parts.
Sound financial planning extends well beyond a single discipline.
At Feinman, Rettig & Associates we believe in a “360” approach that never loses sight of the big picture.
Our team understands that each element of your financial plan must be effective not only individually but also as part of a greater whole. An integrated plan is essential for protecting and building wealth, maximizing tax savings and preparing for estate transfer or business succession. Our recommendations are unbiased and exempt from the corporate mandates common to many industry competitors, so we have the freedom to select top investment products. Meticulous attention to detail sets us apart as well.
Discover a variety of affordable insurance plans
We make finding insurance for you as easy as possible.
Individual Life Insurance
Life insurance from Feinman, Rettig & Associates can help you secure your family’s financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.
There are a variety of life insurance policies that we can provide. The kind of policy you choose depends on your needs:
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Term Life Insurance is a low-cost way of providing maximum coverage for your family. Protection is provided for a limited number of years. The insurance expires without value if the insured lives beyond the policy period, usually 5 to 20 years. Other policy life periods are available, including 1 year annual renewable term.Term insurance premiums will not increase during the guaranteed policy time period (term) you select. Term Life Insurance pays a death benefit only if you die during that term. Term insurance generally provides the largest insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as premiums are current, provided there are no misrepresentations on the application. The insurance coverage terminates if you discontinue your premium payments.
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Universal Life is characterized by great flexibility. Policyholders can determine the amount and frequency of premium payments – i.e., the more you pay, the less time you will need to pay. Your premiums cover the insurance part also the savings or investment element and the expense part. The stated interest on the investment portion changes along with movement in interest rates; moves in 1/4 % interest steps are typical as banks and other financial institutions make similar moves.
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Whole Life Insurance provides permanent protection for the whole of life – from the date of policy issue to the date of the insured’s death, provided that premiums are paid. Premiums are set at the time of policy issue and remain level for the policy’s life. Unlike term insurance, whole life combines insurance protection and savings or cash value which builds over time. Cash value build-up may provide a source for living benefits, for example, helping pay off a mortgage, or a child’s education, or cash surrender value if the policy is ever cancelled.
These products are continually changing and we can provide you with the latest information and policies available!
Feinman, Rettig & Associates Insurance offers free, comparative quotes on life insurance from multiple insurance carriers so you can get the best possible rate.
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The three main benefits of guaranteed issue life insurance are that there is no required medical examination, no medical questions to answer, and you don’t have to be in perfect health. However, because you do not have to qualify, premiums are typically higher than what a healthy person would pay for the same amount of coverage under a policy that went through medical underwriting.
Some insurance providers are more lenient on specific health issues than others. What the above sentence means is that every insurance company determines your degree of risk and it is in the hands of the insurance underwriter.
For example, some carriers may treat your diabetes as well managed because of an evaluation that was in range.
Furthermore, other carriers might see your diabetes as unmanaged resulting in a substandard rating or table rated.
That’s why it’s very important to talk to an independent agent that is knowledgeable with impaired risk life insurance companies.
Working with Feinman, Rettig & Associates is key. Years of experience and up to date information we know which carrier will be the most affordable, and will supply you with the best product for your particular health situation.
What Do Carriers Need to Know
Always be open and fair when applying for life insurance. Do not withhold information,
BE HONEST! Keep in mind, they’ll probably demand a health examination, by which everything will be found out. You ought to be prepared to answer these questions:
- How frequently do you go to your physician?
- What treatments? (Including operations and medications)
- Has your illness improved since initial identification or diagnosis?
We have experienced success with Numerous Risky life insurance, health impairments and impaired risk life insurance underwriting cases that include:
- Health Impairments/Lifestyle Risks
- Dangerous Occupations and Hobbies
- Life Insurance for Cancer Survivors/Patients
- Life insurance with Gastrointestinal Disease
- Life insurance with Mental illness
- Life Insurance For All Ages
- Final Expense Insurance
- Business Life Insurance
Not All companies Are The Same-Your health qualifies you -your money pays for it
Anyone can quote you a low price, the trick is getting a policy issued at that price.
In order for that to happen we need you to engage in the process and be honest about your health. We will tell it to you straight every time, and expects the same in return. Even if you think you are perfectly healthy, you need our expertise in navigating the Insurance world.
Every Insurance Company has a different niche and even a one pound difference in weight can mean a big difference in premium. There are at least ten different factors that most of our clients never think will affect their premium, and we know how each insurance company looks at every detail.
So, when shopping for Insurance, do you want the lowest quote from an agent with little understanding of your health profile, and little chance of delivering you a policy at that rate? Or, would you rather deal with a professional who will take a little time on the front end to get you the best rate available for your specific health profile?
We are independently owned and locally operated, We work for you to find the best insurance products available for your particular needs. We want to ensure that you get to keep what you have worked hard to acquire. Asset protection is the surest way to preserve your wealth.
Not all insurance agents are the same! Choosing the right one can make a BIG difference – in price, service, and value.
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Protect Loved Ones from Financial Hardships
Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. And making matters worse is the financial burden out-of-pocket expenses can impose at the end of life. They average $11,618.1
Without a final expense life insurance policy, families may have a hard time coming up with these funds quickly. Final expense life insurance can help prevent families from having to withdraw from their savings or sell precious assets to come up with the necessary funds required to bury a loved one.
There are now state regulated programs that offer:
- No medical exams.
- Payments that never increase.
- Benefits that never decrease.
- Enrollment for 2020 is now open.
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Individual Health Insurance
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A Plan For Everyone
We offer coverage for all situations: Individual, family and small business.
With Healthcare Reform and the industry’s ever-changing landscape, Healthcare Solutions Team still has options to choose from. Whether you are looking for better coverage, recently uninsured or it’s your first time purchasing health insurance, we will help you find a high quality, affordable plan. Depending on your budget and your need, we will custom design a plan for you. Whichever fits you best, Major Medical-ACA Compliant, Short Term, Fixed Benefit and Guaranteed Issue plans are all available to you.
Even if your employer offers you coverage, an individual plan could still be the best option for you. Additionally, dependent coverage through your employer may not always be the most affordable option either.
Customizing your coverage is essential as health insurance is not a “one size fits all” type of product. Therefore, Feinman, Rettig & Associates will assist you in determining what will work best for your situation. With all the different deductibles options and product designs, choosing the right plan could be difficult and our mission is to simplify this process.
What is Short Term Health Insurance?
Short term health insurance is a type of insurance that offers up to 365 days of coverage. Many short term insurance plans now allow you to extend your coverage to 36 months (3 years), but state laws vary.
This type of health insurance offers some of the same benefits as traditional and Affordable Care Act (ACA) plans, often at a lower price. The major difference between policies is that short term health insurance has limitations to the services it covers. You can also be denied short term health insurance if you have a pre-existing medical condition.
Most short term health insurance plans cover a portion of the below medical services:
- Emergency care
- Routine doctor’s appointments
- Prescription services
- Hospital care
- Physical therapy
While coverage varies from plan to plan, most short health insurance policies will not cover maternity care. Less than half of all plans cover substance abuse services and mental health services.
Who Needs Short Term Health Insurance?
Even though short term health insurance isn’t offered in New York, you might be curious about why anyone would want short term coverage instead of enrolling in a traditional plan. Short term health care plans were designed to help bridge the gap between traditional insurance policies. Here are a few cases where short term plans are often used:
- You just turned 26. If you were on your parents’ plan and you turned 26 recently, you have a limited amount of time to enroll in your own policy. If you don’t have a full-time job with benefits yet or if you’re currently in transition between school and the workforce, it may make sense to get short term coverage until a better option is available.
- Your job status has changed. Whether you’re in-between jobs, were recently fired or are starting a new job, short term health insurance might bridge your gap in insurance until your new benefits kick in.
- You missed open enrollment. If you forgot to enroll in a health insurance policy during open enrollment, it might make sense to select a short term health insurance policy if the alternative is no insurance at all.
Making a smart health insurance choice can save you hundreds or even thousands in a year. We are experts in finding affordable health insurance plans that meet your needs. These affordable medical insurance plans have a wide range of deductibles and low cost premiums to fit your lifestyle needs and budget. Affordable health insurance quotes don’t have to be complicated. We make it simple.
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Retirees – Should You Enroll in Medicare?
- Are you turning 65?
- Are you over 65 and still working?
- Are you over 65 and in the process of retiring?
- Are you recently retired?
There is a market shift in benefits for those working beyond age 65. With the state of the economy, skyrocketing healthcare costs, losses in 401k’s and other retirement plans; the employee benefits market is changing as many employees continue to work beyond age 65.
FACE THE FACTS:
- Large employers who’ve historically offered retiree health benefits are now reducing or eliminating coverage.
- Mid-sized employers often included those working after age 65 in their group plans, may no longer afford to do so.
- Smaller employers have typically never offered health benefits to retirees and the cost passed onto those 65 and over is often cost prohibitive.
Your most important decision may be whether you want to choose Medicare (Parts A and B), Medicare Advantage plan (Part C), Medicare Prescription Drug Coverage (Part D) or other Medicare Supplemental insurance plans. Once you make that decision, there are other things to consider.
Medicare (Parts A & B)
Is provided by the federal government and you must qualify to be entitled to these parts as well as perhaps paying a monthly premium. Medicare pays fees for your care directly to the doctors and hospitals you visit. Some people call this “fee for service”.
Medicare Advantage (Part C)
Medicare Advantage plans are provided by private companies approved by Medicare. If a person is enrolled in a Medicare Advantage plan, all Original Medicare services are covered through the plan and aren’t paid for under Original Medicare. Most Medicare Advantage plans also offer prescription drug coverage that must follow the same rules as Medicare prescription drug plans(Part D). Medicare pays a fixed fee each month to the carriers for your care. Then the plan pays the doctors and hospitals. There are many different carriers and plans available depending on your geographic location that you reside in. These plans have certain requirements before you enroll.
Medicare Supplements
A Medicare Supplement policy is health insurance sold by private insurance companies to fill the “gaps” in Original Medicare plan coverage. If you have this type of policy, then Medicare and your Medicare Supplement policy will pay their shares of covered health costs. These types of plans also have certain requirements before you can enroll.
Prescription Drug Plans (Part D)
Part D Prescription Drug Plans are provided by private health carriers that have a contract with Medicare. These types of plans have premiums, deductibles and co-pays depending on the prescription covered on the carriers formulary. It is important to review the prescriptions that you take to ensure that they are covered under a particular Part D plan. You can choose a Part D plan to compliment a Medicare Supplement or may obtain Part D coverage through a Medicare Advantage Part C (MAPD) plan.
Feinman, Rettig & Associates offers a “Transitional Individual Medicare Services Program” that will assist a retiring employee transition from their group health insurance to their Medicare Health Insurance Options.
MEDICARE PREMIUMS FOR 2020:
Part A: (Hospital Insurance) Premium
- Most people do not pay a monthly Part A premium because they or a spouse has 40 or more quarters of Medicare-covered employment.
- The Part A premium could be as high as $437.00 per month for people who are not otherwise eligible for premium-free hospital insurance and have worked less than 40 quarters of Medicare-covered employment.
Part B: (Medical Insurance) Premium
- The premium is $144.60 per month in 2020.
- If your income is above $85,000 (single) or $170,000 (married couple), then your Medicare Part B premium may be higher.
MEDICARE DEDUCTIBLE & COINSURANCE AMOUNTS FOR 2020:
Part A:
(Pays for inpatient hospital, skilled nursing facility, and some home health care.)
- For each benefit period Medicare pays all covered costs except the Medicare Part A deductible (2020 = $1,408) during the first 60 days and coinsurance amounts for hospital stays that last beyond 60 days and no more than 150 days.
For each benefit period you pay:
- A total of $1,408 for a hospital stay of 1-60 days.
- $352 per day for days 61-90 of a hospital stay.
- $704 per day for days 91 and beyond for a hospital stay (Lifetime Reserve Days).
Skilled Nursing Facility Coinsurance
- $178 per day for days 21 through 100 each benefit period.
Part B:
(Covers Medicare eligible physician services, outpatient hospital services, certain home health services, durable medical equipment.)
- $198.00 annual deductible. (Note: You pay 20% of the Medicare-approved amount for services after you meet the $183.00 deductible.)
Part C:
Medicare Advantage plans are another health insurance choice that you may choose to have. These plans are offered by private insurance companies approved by Medicare.
By joining a Medicare Advantage plan, the plan will provide all of your Part A (Hospital insurance) and your Part B (Medical insurance) coverage.
Medicare Advantage plans must cover all of the services that Original Medicare covers.
Medicare Advantage plans may offer extra coverage, such as vision, hearing, dental, and/or health and wellness programs.
Most include Medicare prescription drug coverage. There may be a monthly premium for these plans in addition to your Part B premium.
Some examples of Medicare Advantage plans include:
- HMO (Health Maintenance Organization)
- PPO (Preferred Provider Organization)
- PFFS (Private Fee for Service)
- MSA (Medical Savings Account)
- SNP (Special Needs Plans)
In order to enroll in a Medicare Part C plan you must have Medicare Parts A and B, must reside in the plans service area, and must not have End Stage Disease (ESRD).
Since there can be numerous Medicare Advantage plans available in your area, it is advisable to review each plans’ features and benefits to confirm that the plan you choose is suitable for your needs.
Part D:
These Medicare Prescription Drug plans are available through private insurance companies approved by Medicare.
These are stand-alone prescription drug plans that do have monthly premiums, co-pays and deductibles depending upon the plan that you choose.
There may be a Part D penalty if you do not enroll in a Part D plan when you first become eligible for Medicare.
As of 2012 there is also a Part D adjustment which increases your Part D premiums according to your income.
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Why is disability insurance important?
You can’t predict what your health will be in the future. You may stay active and eat healthy, but most disabilities are actually caused by unexpected illnesses, like cancer, heart conditions, and strokes.
A long-term disability can have a more severe impact on a family’s expenses than the death of an income provider. With the death of an income provider, expenses decrease because there’s one less family member. If the income provider is disabled, expenses increase due to health care costs.If you suddenly became disabled, whether short or long-term, could your family maintain their standard of living? What about long-term financial goals? When the paychecks stop, what gets sacrificed first?
Disability insurance provides a monthly benefit to help you cover living expenses and maintain your lifestyle during a disability. It also provides peace of mind when it’s needed most.
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A good critical illness insurance definition starts with an understanding that critical illness insurance is designed to complement your medical and disability insurance – not replace it.A good critical illness insurance definition indicates that benefits are paid regardless of any other insurance. Critical illness insurance provides a lump sum benefit that can be used anyway the policyholder chooses…so your employee can focus on recovery, not finances.
Medical expenses:
- Medical Co-pays & Deductibles
- Private Nursing Costs
- Medical Equipment or Home Refitting
- Travel to & from Medical Center
Everyday expenses:
- Mortgage/Rent
- Utilities
- Household Debt
- Groceries
- Childcare
What critical illness insurance covers:
While most critical illness insurance companies provide coverage for cancer, stroke and heart attacks, they may vary widely as far as the other illnesses they cover, the riders and optional coverage, and the amounts they pay.
Most plans cover the following:
- Cancer
- Heart Attack
- Stroke
- Major Organ Transplant
- End Stage Renal Failure
- Coronary Artery Bypass Graft (CABG)
- Arteriosclerosis
- Parkinson’s
- Alzheimer’s
- MS
- ALS
- Severe Burns
- Paralysis
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Should I Get Cancer Insurance?
Cancer insurance is a supplementary health insurance policy that can cover many of the costs associated with this disease. While your regular health insurance may cover some procedures, people often find out at a critical juncture that some of the most expensive costs involved in their cancer recovery are not covered by a health plan. A serious disease can be a strain not only on your health but on your savings as well.If you aren’t sure whether cancer insurance is right for you, find an agent in the Nationwide Life Plans network today. A local member agent can help you compare cancer insurance policies and quotes from multiple companies and customize the best plan for your unique situation.
The Cost of Cancer
Cancer in the U.S. costs an average of $228 billion per year
$93.2 billion is spent in direct medical costs
The average cost is rising by 15% each year
Prescriptions alone can cost over $50,000 per year; for example, Provenge, a prostate cancer treatment costs $93,000
What Does Cancer Insurance Cover?
Ultimately, coverage depends on the plan you buy and the company you buy it from, but many cancer insurance policies cover basic medical and non-medical expenses. Certain medical expenses can include things like radiation therapy, long hospital stays, co-pays, deductibles, and even experimental procedures. Cancer treatments easily cost thousands of dollars, and while your 20/80 coinsurance rates may seem reasonable on a $100 bill, a $300,000 charge can bankrupt the average person.
An attractive feature of a cancer insurance policy is the ability to assist with certain costs that otherwise would come straight out of your pocket. Things like transportation, meals, home health care, loss of income and extra child care can strain your finances and aren’t covered by regular health insurance.
Cancer insurance will pay benefits to you directly. You may receive a lump sum upon diagnosis, but anything above and beyond the limit may require reimbursement receipts. In the long run, hanging on to your receipts might be easier than paying exorbitant out-of-pocket costs.
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We’ll protect your smile, with dental plans designed for you.
We did the homework for you as we understand just how frustrating the search for affordable dental insurance can be. So we scoured the market to find the very best dental insurance plans available in the nation. All to get you the best dental coverage possible, at the lowest possible price.
We offer traditional PPO Dental plans with copays and coinsurance as well as Fixed Indemnity plans with no restrictions on providers, no co-pays and no deductibles. In a simple transaction, the dental insurance you receive is a guaranteed issue. Better yet? There’s no waiting period for basic and preventative services in any of our service plans. That’s right: By next week, you can be on your way to having a squeaky clean smile.
You have your choice from thousands and thousands of dentists nationwide with our PPO Dental. Or use literally any dentist, anywhere in the United States, even if they don’t accept insurance and get a cash reimbursement with our Indemnity Dental plans.
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How Do We Comparison Shop Insurance Rates?
Truth is…Insurance rates are set by the insurance companies and are not negotiable. Rates will be the exact same for the same policy if you meet with an agent in person or shop 10 different websites. Its how they underwrite that makes the difference.
If Insurance Prices Are The Same, How Are You Different?
When buying insurance, there are 14 different health classes that you may be approved for. Each health class pays a different rate for insurance. Our goal is to get you approved for the best health class which means you pay the lowest premium for your coverage.
In other words- Not All companies Are The Same-Your health qualifies you, your money pays for it
Every insurance company determines your degree of risk and it is in the hands of the insurance underwriter.
When you work with us we are here strictly to find you the best policy.
Many agents or call centers are simply looking to get you the first approval available, but we don’t think that’s enough. We aim to get you into the most affordable, durable policy from only the best life insurance companies in the marketplace.
- We don’t use sub-par companies, even for high risk life insurance policies. Every company has to have an “A” rating or better by the major credit rating agencies.
- We let the insurance companies battle for your business, not the other way around. Save money, time and hassle.
- We are independent, meaning we have no direct ties to any insurance company. We work on your behalf
Why work With An Independent Life Insurance Agent: An independent agent represents multiple insurance companies.
We offer over 180 different Carrier options to make sure that if the right product is out there for you, your family or your business, we will find it. Our team will navigate through the entire insurance market and bring you the best options for you to choose from. Some of our clients started working with a captive agent. However, they were declined for coverage or their coverage was much more expensive than what we found. We were able to earn their business because we saved them money or found coverage for them when other agents could not.
As independent insurance advisers, we work for you and not the insurance companies.
With one call or email, we will shop all of the top carriers on your behalf saving you time, money, and frustration.