HSA Health Plans in Virginia Beach, VA

In an era where health care costs seem to constantly increase, finding a smart and tax-advantaged way to manage medical expenses is paramount. health savings accounts (HSAs) have emerged as a powerful tool for individuals and families, offering a unique blend of financial benefits and health care flexibility.

What Is an HSA and How Does It Work?

An HSA is a tax-advantaged savings account designed to accompany a high-deductible health plan (HDHP). HSAs offer tax benefits such as deductible contributions, tax-free growth and tax-free withdrawals for qualified medical expenses. They are particularly advantageous for individuals and families looking to save for future health care expenses while enjoying tax advantages. HSAs can also serve as supplemental retirement savings for health care expenses, making them an appealing option for retirees and anyone planning for health care costs in retirement.

HSAs typically cover various medical expenses and do not have a “use it or lose it” rule, allowing funds to roll over year-to-year. Contribution limits are set by the IRS and can differ for individuals and families. Employers may contribute to employees’ HSAs, making them a valuable financial tool for health care expenses and retirement planning.

What Does an HSA Cover?

An HSA can be used to cover a wide range of qualified medical expenses, such as the following:

• Doctor visits
• Prescription medications
• Dental care
• Vision care
• Hospital services
• Medical equipment and supplies
• Mental health services
• Preventive care
• Chronic disease management
• Maternity and pregnancy expenses
• Alternative medicine

While HSAs offer many advantages, they also come with rules and regulations, including contribution limits and guidelines on qualified expenses. To ensure that an expense is eligible for HSA reimbursement, it’s a good practice to consult your HSA provider. Contact Matt Roenker Insurance Agency to see if an HSA plan would work for you.

Short Term Health Insurance in Virginia Beach, VA

Health insurance can provide critical financial assistance to ensure you are able to access the medical services you need. These plans may help you afford preventive services to maintain your health and limit out-of-pocket costs for reactive health care needs, such as operations and medications.

While health insurance is one of the most commonly purchased coverages across the United States, policies can be complicated. Your ideal health insurance plan may vary significantly even among those with whom you share many characteristics. In some cases, a short-term health insurance policy may be the right choice.

What Is Short-Term Health Insurance?

As its name suggests, short-term health insurance is a type of coverage that may provide essential financial assistance for medical care during a limited period of time. Like general health insurance, short-term health plans may help you access various preventive care and medical services, and may be advisable for the following parties:

• Young people who have aged off their parents’ insurance
• Families who missed the open enrollment period for Affordable Care Act (ACA) plans
• Seniors who will soon turn 65 and be eligible for Medicare
• New hires in a waiting period before their employer-sponsored health insurance begins to provide coverage

The availability of short-term health insurance may vary depending on your location, as some states prohibit this type of coverage. In addition, short-term health plans are not regulated in the same way as ACA policies, meaning that certain services, such as mental health and maternity care, may not be covered. Furthermore, insurers may deny short-term health coverage due to a pre-existing condition.

How Long Can You Have Short-Term Health Insurance?

Short-term health insurance plans typically provide between one and 12 months of coverage depending on your policy and location. You may then be eligible to renew your insurance for a total duration of up to three years.

Get the Right Coverage

At the Matt Roenker Insurance Agency, we have extensive experience in personal lines coverage and will work with you to assess and address your coverage needs. Visit our website or call 855-421-2027 to explore your health insurance options and acquire the right plan.

Senior Medical Insurance in Virginia Beach, VA

Investing in your health is essential for people of all ages but may be especially important if you are a senior. Having the ability to access medical facilities and health care services is critical as you attempt to manage conditions, detect disorders, recover from injuries and otherwise manage your health and wellness. With these priorities in mind, you should take the time to understand, acquire and maintain suitable health insurance.

What Types of Health Insurance Are Available to Seniors?

As a senior, you may have access to many health insurance plans. Some options vary depending on your circumstances. For example, if you are still working, you may choose to continue using your employer’s group health plan. If you are retired, there may be various options available to you, such as the following:

• Medicare
• Medigap
• Private health insurance purchased through the federal Health Insurance Marketplace

What Is Medicare?

Medicare is a government-sponsored insurance program that provides health insurance to people with disabilities, certain conditions or those over the age of 65. Enhanced or adjusted coverage may also be available through private insurers. Medicare consists of the following components:

• Part A—This is part of what may be referred to as Original Medicare and is usually free if you or your spouse paid into the program during your working career. Part A can help pay for inpatient hospital care, nursing facility care, home health services and hospice care.
• Part B—This is also part of Original Medicare and is generally packaged with Part A. This component of Medicare can provide coverage for outpatient care, preventive services (e.g., screenings, vaccines) and medical equipment (e.g., walkers, wheelchairs and oxygen tanks).
• Part C—Also known as Medicare Advantage Plans, this component of Medicare can be purchased through government-approved private insurance companies. It may be able to help pay for additional services, such as dental treatment, vision care and hearing services.
• Part D—Often included in Medicare Advantage Plans but also available on its own, this part of Medicare is also available through approved private insurers. It can provide financial assistance for vaccinations and prescription drugs that might not be covered under Parts A and B.

What Is Medigap?

Medigap can provide additional financial assistance for people who are already enrolled in Medicare Parts A and B. Medigap acts as supplemental health insurance and can help pay for medical expenses that might otherwise need to be covered out of pocket, such as the following:

• Copayments
• Coinsurance
• Deductibles

Medigap is guaranteed renewable, meaning that your coverage will be renewed annually as long as you pay your premiums. These arrangements can only cover one individual, meaning that if you and your spouse both require Medigap, you will need to purchase separate policies.

What Ages Qualify for Medicare?

The general age requirement for Medicare is 65. However, you may also qualify if you are disabled or live with certain conditions, including end-stage renal disease and ALS (also known as Lou Gehrig’s disease). Some states may not allow those under the age of 65 to do so even if they meet other Medicare-qualifying criteria.

Get the Right Coverage

At Matt Roenker Insurance Agency, our dedicated staff has over 50 years of experience helping seniors and their families understand and address their coverage needs. We will work with you to assess your circumstances, explore your options and assemble an optimal health plan. Contact us today to get started.

Full Coverage Auto Insurance in Virginia Beach, VA

Auto Insurance Information

Auto insurance is essential for protecting your financial stability in case of an accident. The definition of full coverage auto insurance varies by insurer, but it typically combines liability, collision and comprehensive coverage. It may also include guaranteed asset protection (GAP) insurance.

Contact Matthew Clifton Roenker Agency in Virginia Beach, Virginia, to learn more about your full coverage auto insurance options and get a personalized quote.

What Is Collision Insurance?

Collision insurance is a type of auto insurance that may help cover the cost of damage to your vehicle in case of a collision with another car or object. This type of coverage is generally optional but is often required if you have a car loan or lease.

What Does Collision Insurance Cover?

Collision insurance may help cover the following:

• Damage to your car from a collision with another vehicle
• Damage to your car from a collision with an object, such as a fence, pole or tree
• Damage to your car from a single-vehicle accident, such as running off the road or rolling over

Collision insurance typically covers repairing or replacing your vehicle up to the car’s actual cash value. You generally will be responsible for paying your deductible, which is the amount you agreed to pay out of pocket when you purchased your insurance policy.

Liability Auto Insurance

Many states require drivers to maintain minimum amounts of auto liability insurance. This coverage may help pay third-party bodily injury or property damage claims after an accident up to the policy’s dollar limit. Your agent can help you decide how much liability insurance to purchase.

Gap Insurance

Some lease agreements or lenders require gap insurance as part of a full-coverage auto insurance plan. This policy may help cover the difference between the total amount owed on a lease or loan and the insurer’s settlement if your covered vehicle is a total loss.

While you may be offered gap insurance at the dealership where you purchase or lease a vehicle, you may get a lower rate by adding it to your existing auto insurance policy. Your agent can help you get a quote for gap insurance.

Collision Versus Comprehensive Coverage

Collision and comprehensive coverage are typically included with full-coverage auto insurance policies. While both collision and comprehensive auto insurance policies help provide financial protection, they cover different types of damage.

Comprehensive coverage covers damage to your car from non-collision events such as theft, vandalism or natural disasters. This generally includes damage from hail, floods, fires and falling objects. Comprehensive coverage can also cover damage from impacts with animals, such as deer or cows.

When deciding whether to purchase full coverage insurance, consider the value of your vehicle and the level of risk you are willing to assume. Your agent can help determine whether full coverage insurance is appropriate for your situation.

Contact Us

Review your insurance policy regularly and speak with your insurance agent to ensure you have the right level of coverage for your needs. Contact Matthew Clifton Roenker Agency today to learn more about whether full coverage auto insurance is right for you.

Comprehensive Auto Insurance in Virginia Beach, VA

Comprehensive auto insurance is a type of optional auto coverage that you can choose to add to your auto insurance policy. Depending on your situation, it may be in your best interest to add this coverage to your policy to gain additional financial protection against various damages, such as theft, vandalism and falling objects. Contact Matthew Clifton Roenker Agency today to get a quote for comprehensive coverage.

What Is Comprehensive Auto Insurance?
Comprehensive insurance is a type of auto insurance that provides coverage for damages to your vehicle that are not caused by a collision with another vehicle. This type of insurance is also known as “other than collision” coverage. Comprehensive insurance provides coverage for events such as theft, fire, vandalism, natural disasters, animal collisions and falling objects. It is an optional coverage that you can add to your auto insurance policy.

What Does Comprehensive Insurance Cover?
Comprehensive insurance provides coverage for damages to your vehicle that are not caused by a collision with another vehicle. This includes damages caused by theft, fire, vandalism, natural disasters and falling objects. Some of the specific events covered by comprehensive insurance include the following:

• Theft—If your vehicle is stolen, comprehensive insurance helps cover the cost of replacing the vehicle.
• Fire—If your vehicle is damaged by fire, comprehensive insurance helps cover the repair or replacement cost.
• Vandalism—If your vehicle is vandalized, comprehensive insurance helps cover the cost of repairing the damage.
• Natural disasters—If your vehicle is damaged by a natural disaster such as a tornado, hurricane or flood, comprehensive insurance helps cover the cost of repairing or replacing the vehicle.
• Falling objects—If your vehicle is damaged by falling objects such as tree branches or rocks, comprehensive insurance helps cover the cost of repairing the damage.
• Animal collisions—Although it may be confusing, collision policies do not provide coverage for damages caused by an animal-vehicle collision. A comprehensive insurance policy provides coverage for such damages.

It is important to note that comprehensive insurance does not cover damages that are caused by a collision with another vehicle. There may be additional exclusions and limits to coverage. Work with your Matthew Clifton Roenker Agency to learn more about what your comprehensive insurance policy could cover.

Who Needs Comprehensive Coverage?
Virginia state law does not require comprehensive coverage, but it is recommended for most drivers. However, if you’ve financed your vehicle (i.e., you have an auto loan or lease), the lender may require you to carry minimum amounts of comprehensive coverage. If you have a newer or more expensive vehicle, comprehensive coverage can provide added protection in the event of theft, vandalism, or other non-collision-related damages. If you have an older vehicle that isn’t worth much, you may choose to forego comprehensive coverage.

Comprehensive coverage is also recommended for drivers who live in areas that are prone to natural disasters such as hurricanes, tornadoes, or floods. In these areas, the risk of non-collision-related damages is higher, and comprehensive coverage can provide added protection.

How to Get Comprehensive Coverage Comprehensive insurance is a type of auto insurance that provides coverage for damages to your vehicle that are not caused by a collision with another vehicle. If you need comprehensive coverage, we’re here to help. Reach out to Matthew Clifton Roenker Agency today to learn more and get a quote.

Collision Insurance in Virginia Beach, VA

Pet Insurance in Virginia Beach, VA

A pet insurance policy may be the right choice for some pet owners, as it can help cover unexpected veterinary costs. However, pet insurance coverage varies depending on the company you choose.

Contact Matt Roenker Insurance Agency in Virginia Beach, Virginia, to learn more about your pet insurance options.

We now offer pet insurance through Nationwide, use this link here to access: https://partnersolutions.nationwide.com/pet/roenkerinsurance

Or call Nationwide and use this code: 844-397-8939 N15722

What Is Pet Insurance?

Pet insurance policies are designed to work similarly to human health insurance policies. Some pet insurance companies require you to submit your pet’s medical history to get coverage.

Pet insurance coverage requires the payment of monthly premiums in exchange for coverage, whether or not you use the insurance policy. Before purchasing pet insurance, look at the plan documents carefully to understand what’s covered and how to make a claim.

Some pet insurance policies exclude coverage for pre-existing conditions and only cover accidents and illnesses. Pet insurance policies may also exclude coverage for spay or neuter surgery, wellness exams, preventative care and vaccinations.

When deciding whether to purchase pet insurance, evaluate the following:

• Your budget—Pet insurance policies can be costly when you add up the annual premiums, especially if you have a high deductible plan.
• Your pet’s age—Insurance premiums may cost more if your pet is over a certain age, as they are at a higher statistical risk of having specific health problems.
• Your willingness and ability to pay for unexpected veterinary care—A pet insurance policy may be unnecessary if you can easily afford veterinary care out of pocket.
• Your pet’s breed—Some pets, like purebred dogs, may be prone to health conditions that could trigger high medical care costs.

Pet insurance can help provide peace of mind if you worry about unexpected veterinary costs. Still, getting a personalized quote from your agent is essential before deciding whether pet insurance is a good fit for your situation.

How Does Pet Insurance Work?

Pet insurance companies may require you to pay veterinary care costs upfront and then file a claim for reimbursement. Some plans may also require you to get preapproval for specific procedures.

Pet insurance plans may require documentation after your pet receives veterinary care, including receipts and detailed descriptions of the procedures, treatments and medications your pet received. The insurer reviews your claim and reimburses you for the agreed-upon amount if your costs are covered.

Pet insurance plans may have copays and deductibles. Read the policy terms carefully and familiarize yourself with the exclusions, annual or lifetime limits and claims filing procedures.

What Does Pet Insurance Cover?

Each insurer sets rules about precisely what a pet insurance policy covers. In general, pet insurance may help cover the following:

• Unexpected illness coverage for conditions such as cancer, parvovirus or hip dysplasia
• Surgery like cataracts or cruciate ligament tears
• Test like MRIs, x-rays and blood tests
• Prescribed medications
• Emergency vet exam fees

Some pet insurance plans may also cover the following:

• Lost pet advertising
• Hydrotherapy
• Acupuncture
• Alternative therapies
• Behavioral modification
• Chiropractic care
• Hospital boarding

Get Pet Insurance Today

Pet insurance can help provide a financial safety net if unexpected illness or injury-related veterinary care bills would cause potential hardship for your family. Contact Matt Roenker Insurance Agency to get a personalized quote for pet insurance.

Major Medical Insurance in Virginia Beach, VA

What Is Major Medical Insurance?

Regardless of how healthy you are, you are still vulnerable to injury and illness. Your health and wellness are critical components of your overall quality of life and have significant effects on your social relationships, family and career. In addition to the physical and mental toll that injuries and illnesses can take, treatment, recovery and rehabilitation can all have substantial costs. With that in mind, it’s necessary to have adequate major medical insurance.

For over 50 years, the experts at Matt Roenker Insurance Agency have dedicated themselves to helping people in the Virginia Beach area understand health insurance needs and acquire optimal coverage.

What Does Major Medical Insurance Cover?

Major medical insurance is a critical component of anyone’s insurance portfolio. These policies comply with minimum essential coverage requirements under the Affordable Care Act. They can form the core of adequate health coverage by providing financial assistance for many common medical expenses and services. In most cases, a major medical policy can cover the following:

• Preventive services
• Ambulatory patient services
• Emergency services
• Hospitalization
• Maternity and newborn care
• Mental health and substance use disorder services
• Prescription drugs
• Rehabilitative and habilitative services and devices
• Laboratory services
• Preventive and wellness services
• Chronic disease management
• Pediatric services

How Much Does Major Medical Insurance Cost?

Like most types of insurance, the cost of an adequate major medical policy varies significantly. Before being able to understand your costs fully, you should take the time to familiarize yourself with the following key terms:

• Premium—This refers to the amount you pay regularly (e.g., monthly) to maintain your insurance.
• Deductible—This determines how much you will have to pay out of pocket in a given plan year before your insurance will begin to contribute. Preventive care, such as check-ups, screenings and vaccinations, may not require you to have met your deductible.
• Co-pay—This term refers to fixed amounts you will be required to pay for certain medical services, such as X-rays.
• Out-of-pocket limit—This part of your policy establishes the maximum amount that you will ever have to pay for health care within a single plan year. After reaching your out-of-pocket limit, insurance will pay for all medical services for the remainder of the year.

As a general rule, major medical insurance policies with higher deductibles may have lower premiums, meaning you will pay less to maintain your coverage, but your out-of-pocket costs for services or procedures will likely be higher.

In addition to the details and specific clauses of your major medical plan, insurance providers may also consider the following criteria before providing you with a quote:

• Age(s) of insureds
• Location
• Tobacco use

Protect Yourself With the Right Coverage

When an injury or illness affects your life, the last thing you need is to have it create financial stress. Unfortunately, without an adequate major medical policy, you may not have the necessary resources to access the best treatment and optimize your recovery. Furthermore, paying high costs out of pocket may have lasting financial consequences that could affect your life—long after your health problems are behind you.
We’re here to help. At Matt Roenker Insurance Agency, a critical part of our mission is to make sure that our clients not only have the right insurance but also fully understand it. Contact us today to get started.

Business Owners Policy Insurance in Virginia Beach,  VA

Business Owners Policy

Big or small, every business needs insurance to help protect its company and property. The right iInsurance portfolio helps protects your business, assets and employees while preparing for the unexpected. For some businesses, a business owner policy (BOP) may be an option for getting necessary coverages at a lower cost.

What Is a Business Owner Policy (BOP)?

A business owners policy (BOP) combines various commercial insurance coverage with additional protection into one contract. This policy is most common for small or mid-sized business owners, as it can help them get the coverage they need at a lower price point than buying each option separately. Insurers determine who is and is not eligible to purchase a BOP, so check with your agent to find out if this is an option for your business.

What Is Covered Under a BOP?

A BOP typically includes the following three types of business insurance:

1. Commercial property insures against physical damage to your business property. Protection includes the physical structure and property, such as tools, equipment, inventory and furniture.

2. General liability defends your business against lawsuits and injuries. Protection covers claims of bodily injury, libel and slander.

3. Business income covers your business against an interruption in income if you have to shut down unexpectedly. Protection extends to replacing lost revenue from covered losses, including fire, weather damage and theft.

Matt Roenker Insurance Agency will work with you to determine if a BOP is a good fit for your company or tailor coverage that’ll best protect your unique business needs and risks. Our experienced team can personalize your business policy to fill in any coverage gaps.

Protect Your Business Today

Matt Roenker Insurance Agency takes a hands-on approach with business owners across various industries to find and adjust policies for the proper coverage. We’ve been helping business owners for more than 50 years find the insurance they need at a price they can afford. Protect your business today by calling us at 757-671-1111 or filling out a quick free online quote today.

Windstorm Insurance

Severe weather is a consistent risk for many homeowners. Windstorms in particular are among the most common dangerous weather conditions. High winds can cause serious damage to various parts of your home. Fortunately, having the right insurance coverage can protect you from windstorm-related losses and expenses.

What Is Windstorm Insurance?

As its name would suggest, windstorm insurance provides coverage for homeowners whose property suffers damage due to high winds. This protection can help policyholders recoup expenses arising from damage to the following:

• Roofs
• Windows
• Possessions inside your home
• Detached structures, such as garages and sheds

Every policy is different, so it’s essential to work with your agent to learn what is covered under your plan.

Get the Right Coverage

Windstorm coverage is often included in standard homeowners insurance, but you must check the details of your policy. Additional protection may be necessary for certain geographical areas where extreme weather is more common. Contact Matt Roenker Insurance Agency today to learn more and ensure your home is adequately covered.