Coldwell Banker Burnet Realtors
Exclusive VIP Benefits Package
Medical Insurance
Today’s high cost of medical coverage and burdensome underwriting rules can lock out many self-employed individuals. However, you can get this essential coverage through Ramsay Financial Advisors, which makes available many coverage options. Each medical plan option covers the spectrum of health services, from preventive care and prescription drugs, to hospitalization and surgery. Several different types of plans are available, including traditional medical plans, Preferred Provider Organization (PPO) plans and Point of Service (POS) plans. (Specifics on the plans are available through Ramsay Financial Advisors at rscott@ramsayadvisors.com.) Regardless of which plan you choose, you can extend coverage to your eligible dependents, as well.
Ramsay Financial Advisors makes medical coverage available through individual medical policies and through participation in group medical plans.
INDIVIDUAL MEDICAL POLICIES (Available at any time)
You can apply for an individual medical policy at any time. You (and any eligible dependents you want added to your policy) must meet medical underwriting guidelines, so you may have to complete and submit a medical questionnaire and, in some cases, agree to a physical examination before being accepted. Coverage is available through both national and local carriers, including BlueCross/Blue Shield. Plan options, premiums and befits vary by location and are available through Ramsay Financial Advisors at rscott@ramsayadvisors.com.
GROUP MEDICAL PLANS
Group Medical plans are available in most locations, but you must enroll within the specified period defined below. The cost of individual and family coverage is based on a group rate, which means it is the same for all participants, regardless of where they live or their medical history. Depending on where you live, the group plan’s monthly cost may be higher than some individual plans, but you do not have to submit evidence of insurability or meet any underwriting guidelines to be accepted into the group plan.
WHEN YOU CAN ENROLL IN A GROUP MEDICAL PLAN
You will have the opportunity to enroll within 30 days of your hire date or each year during a specified annual enrollment period. You will be notified when an annual enrollment period is available. You may also enroll for coverage within 30 days of a change in your life status (e.g., marriage, divorce, birth or adoption of a child, etc.).
MEDICAL SUPPLEMENT INSURANCE
Medicare Supplement plans are available if you are over age 65 and enrolled in Medicare. The supplement plans typically cover what Medicare doesn’t, such as hospital and Part B deductibles and amounts over Medicare’s dollar or inpatient days/outpatient visit limits. You can also purchase a Medicare Part D Supplement plan for prescription drugs through VIP.
Dental Insurance
As part of the VIP program, you have exclusive access to affordable, quality dental care for you and your family through DentalPlans.com. With discounts ranging from 10% to 60% for most dental services, you can choose from over 30 national and regional plans to select the level of coverage and services that best suit your needs. Visit www.newvipdentalplans.com for more information.
Long Term Care Insurance
The cost of custodial care – whether at home, at an assisted living facility or in a nursing home – is not covered by most medical plans or by Medicare. VIP gives you access to long term care policies underwritten by Prudential, General Electric and Med America. You choose the coverage and payment options that work best for you (policies and provisions vary by state). In many cases, the cost of your coverage is tax deductible and you also may qualify for discounts of up to 55% on your premiums.
Long Term Disability Insurance
VIP’s long term disability coverage provides benefits if an accident or illness prevent you from working. Benefits, which are tax-free, generally continue until you can return to your job (or to a comparable job in real estate) or to age 65. You can receive up to a 50% discount on premiums. The cost of a long term disability policy is based on the plan design features you choose, your age, gender, health status, profession and, for some long term disability carriers, your employment and commissions history.
Life Insurance
Life insurance is essential to you financial planning strategy. Whether you’re just starting out or have an established career, VIP gives you access to a variety of life insurance products and the assistance of experienced financial professionals to help you evaluate your options and choose exactly the right coverage.
Term Life Insurance is a competitively-priced product designed to offset the loss of your income during your peak earning years.
Universal Live Insurance combines life insurance with a cash accumulation fund that grows tax-deferred.
Variable Life Insurance is a contemporary product that combines traditional life insurance protection with investment options.
Retirement & Other Planning Services
Ramsay Financial Advisors will help you develop a personalized future financial strategy. The process starts with a complimentary initial review of your current financial situation, which leads to the development of a personalized plan designed to meet your needs and goals. You will have access to a number of savings and retirement investment options to help you achieve those goals; here are some of them.
Retirement Planning funded with a variety of investment options, including:
• Simplified Employee Pension (SEP) and 401(a) Plans with access to separate accounts through leading companies such as American Funds, Dreyfus, Oppenheimer, PIMCO, Munder, Jennison/Dryden, AIM, Franklin Templeton, Gartmore, Neuberger Berman, Janus and Credit Suisse.
• Rollovers from an IRA/401(k) or other qualified tax-deferred savings plan
• Annuities
401(a) contributions can be deducted automatically from your commission checks.
Education Planning programs that let you save on a tax-favored basis for you children or grandchildren’s college education.
Estate Planning funded with life insurance and other financial products.
Personalized Services
We understand the demands on you time and energy, and how you must be totally focused on serving your customers in order to succeed in the real estate business. That’s why we have arranged for the services of Ramsay Financial Advisors, whose experienced representatives will assist you with every aspect of the VIP program.
VIP takes care of your insurance needs so you can focus on your business. A Ramsay Financial Advisors representative will provide a general overview of the VIP program to every independent contractor sales associate. Some of the free services you can count on through Ramsay Financial Advisors include:
• One-on-one personal consultations to help you choose the right benefit plans and programs, including comparison shopping for the best deals.
• Help with your applications and any other paperwork.
• Direct help with your medical, disability or life insurance carrier to resolve claims or underwriting issues.
• Complimentary services, including a Financial Fitness Profile designed to help you understand your financial needs; assistance in establishing a budget; consultation on estate planning and retirement savings strategies; and a review of your prior employer’s or spouse/domestic partner’s savings and pension plan benefits.
• Annual consultations on your investment options, asset allocations and ways to possibly reduce your federal tax liability.
* SII Investments, Inc., is a Registered Broker/Dealer through which securities we offer are processed. SII Investments, Inc., is a member of the Financial Industry Regulatory Authority and the Securities Insurance Protection Corporation, as well as a Registered Investment Advisor. SII Investments, Inc., R.W. Ramsay & Associates, Ltd. and Ramsay Financial Advisors, Ltd. are separate and independent companies. SII Investments, Inc. does not provide tax or legal advice, business consulting, or fixed insurance products.
