What Insurance Is

What I’ve seen over and over is that most consumers don’t actually understand what Insurance is. They think you do it to get something. And that’s not completely true. You purchase Insurance in order to transfer risk.

Health Insurance, in particular, is confusing. Because there, you also want a program for non-emergency expenses. In order to (also) cover the risk on those more expected expenses, in addition to catastrophic losses, Health Insurance companies use Cost-Sharing mechanisms, like deductibles, copays and coinsurance.

Listen to my on the Struggling To Success Podcast for more!

Why I Love What I Do

I’m my own boss, I have control over my own agency, and have a chance to build relationships with wonderful clients.  And every day, I get to speak with a dozen or more individuals looking for health insurance and financial services.

I love what I do! It’s an honor and a privilege to help people with these challenges that are vital to our health and our wealth.

One of the things that the Rhoads Agency is best at is helping people to qualify for federal money (that tax credit subsidy). When you’re buying health insurance, that difference is dramatic.

How much subsidy you qualify for is derived from the Federal Poverty Level (FPL) chart. To qualify for a subsidy, your household’s income must be at least 100% or above the FPL, but not above 400% FPL. The two biggest factors for calculating where you fall on the FPL are your income, and your household size. Listen to Dan’s new podcast, Struggling to Success, here: