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Empower Financial Group

7430 U.S. Hwy 42 #105
Florence, KY 41042

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How much of an ER visit will health insurance pay out?

An accident that requires an Emergency Room visit is frightening and even if we or our loved one is expected to make a full recovery, you may find yourself still filled with anxiety. Many people worry or get anxious that an ER visit will lead to a bill that they cannot afford. Here at Empower Financial Group, we understand the fear of medical debt. We have many Florence, KY and surrounding area clients who want to know just how much they expect their health insurance policy to pay out following an ER visit. 

The Factors Determining How Much a Health Insurance Policy Will Pay for an ER Visit

How much your health insurance policy will pay out following an ER visit will depend upon certain factors or aspects of that policy. Let’s take a look at some of the big ones:

  • In-Network vs. Out-of-Network. Whenever possible, you should check to see whether the ER facility you’re going to is listed as within your healthcare network. In-network healthcare facilities have negotiated rates with your insurer, leading to lower costs overall. In contrast, an out-of-network facility is apt to lead to more expensive costs both for you and your insurer.
  • Reason for visit. Some healthcare policies will use the reason for the visit to determine how much they’ll cover. Visits that are deemed not an actual emergency or could be better treated elsewhere may not be fully covered by an insurance company.
  • Deductible. Most health insurance policies are going to have a firm deductible. The deductible is the listed amount you will be expected to pay before the insurer pays anything. Check your insurance policy to see whether there is a deductible listed for in-network and out-of-network ER visits.

Get Quality Health Insurance Policy for Your Needs

Here at Empower Financial Group, our goal is to get our Florence, KY and other Kentucky community members the right insurance for their needs and budget. Call us today to get started. 

Four things that might surprise you about life insurance

You need life insurance to protect your family’s financial future. Empower Financial Group is a life insurance provider. You can rely on us for life insurance if you’re a consumer in Florence, KY. 

Before you buy a policy, you should learn as much as you can about life insurance.

The following are four things that might surprise you about life insurance:

You can use life insurance to accumulate savings.

If you choose whole or universal life insurance, you can enjoy both a death benefit and a savings component in your life insurance policy. Whole life and universal life insurance accumulate cash value over time so that they allow you to grow your savings. 

Taxes don’t need to be paid on money your beneficiaries get from your policy’s death benefit. 

Life insurance offers tax benefits. That’s because beneficiaries don’t have to pay any taxes on the money they get from a death benefit on a life insurance policy. 

There are many types of life insurance coverage available.

When you buy life insurance, you need to decide which type of life insurance to buy. There are quite a few different types of life insurance available. 

You could choose term life insurance if you’re looking for a policy with lower premium costs that will only cover you for a limited period of time. You could also choose whole life or universal life insurance. Make sure you know what these different types of life insurance are before you decide on a policy type. 

It’s possible to get life insurance without a medical exam.

Medical exams are typically required before consumers can buy life insurance. However, this is not always the case. Some life insurance providers offer no medical exam policies. 

Reach Out To Us

Get a quote on life insurance in Florence, KY from Empower Financial Group. We’re here to help you find life insurance to ensure the financial security of your family. 

What workers compensation insurance covers

Workers compensation insurance from Empower Financial Group is an important form of insurance that helps protect employers and employees alike here in the Florence, KY area. In the event of an injury or illness occurring in the workplace, workers’ compensation insurance provides financial protection for medical costs associated with recovery from the injury or illness, lost wages due to time away from work, and any other related expenses such as rehabilitation services.

The types of injuries and illnesses that are typically covered by workers’ compensation insurance vary depending on the specific policy, but in general, it covers things like workplace accident-related injuries and illnesses caused by hazardous materials or conditions, repetitive motion injuries from physically demanding jobs, stress-related illnesses from extreme job pressures, and more. Workers’ compensation insurance can even cover pre-existing conditions if they’re aggravated by a workplace accident or hazard; this type of coverage is often referred to as “presumption coverage.”

In addition to providing financial support to injured employees, workers’ compensation also offers employers legal protection against potential lawsuits from employees claiming negligence in regard to their injuries or illnesses. This means that employers don’t have to worry about potentially being held liable for damages associated with employee health issues caused by work-related factors – so long as they have valid workers’ compensation insurance in place.

In short, workers compensation insurance serves as an invaluable form of protection for both employers and employees alike – making it a must-have for all businesses!

We Are here To Help

For more information, give us at Empower Financial Group a call today. We are proud to serve the Florence, KY area and would be happy to help you find a policy that meets both your needs and your budget. 

Does Home Insurance Cover Flooding From Plumbing Issues?

Many things can happen to a home to cause damage, and having unexpected plumbing issues is one particular risk. Home insurance can help protect homeowners against certain risks outlined in the policy. If you’re currently searching for homeowner’s insurance, you can count on the experts at Empower Financial Group to offer insurance coverage to the residents in and around the Florence, KY area. 

Plumbing Damage

Most home insurance policies offer protection against damage to the home if there is an unexpected plumbing issue. In instances where appliances or supply lines suddenly leak or burst, the insurance will cover the cost of repairing the damage. However, home insurance will only cover damage if your plumbing is correctly maintained. Always ensure your plumbing is properly installed and in the correct working condition. 

Residents in the area can count on our insurance experts to offer them policy options that protect them from plumbing risks and much more. Insurance professionals carefully assess your current and future needs to match you with options that provide the most comprehensive protection against risks. We are also dedicated to offering top-quality customer service throughout the policy’s lifetime. 

Reach Out Today

If you want to work with a top insurance provider in the Florence, KY area, you can count on Empower Financial Group to help you get the policy options that you want. Call or stop by our office today to speak with one of our insurance team. We can provide insight and support while you learn more about the available insurance products to help you get the peace of mind you need as a homeowner. 

What Does Auto Insurance Cover?

Empower Financial Group is here to serve Florence, KY area drivers with auto insurance to help them meet state-mandated legalities.

Auto Insurance: The Minimum Requirement

In the state of Kentucky, all vehicle owners must have at least an auto liability insurance policy in place that includes uninsured motorist coverage. The liability insurance will help pay for any damage caused by a driver who is at fault in an accident as well as any medical bills for anyone injured in the crash. Uninsured motorist coverage will help pay for damages to a vehicle if the driver who caused the crash does not have any auto insurance. It is imperative that all drivers have this minimum amount of auto insurance in place to ensure they will not lose their driver’s license if they are caught without it. 

Other Types of Auto Insurance

There are several other types of auto insurance that you may want to have in place. Two of the most important types of auto insurance include collision insurance and comprehensive insurance coverage.

Collision insurance will help pay for damage to your vehicle and another person’s vehicle if you collide. This also helps out if you collide with a stationary object.

Comprehensive insurance will help pay for your vehicle if it is damaged, or even destroyed, by some sort of natural disaster or a fire. This also applies if your vehicle is damaged by vandalism. Comprehensive insurance will also help you replace your vehicle if it is stolen.

Both of these types of auto insurance are normally required by a lender if you borrowed the money to purchase your vehicle.

We Are Here To Help!

To create the best auto insurance policy for you and your situation, contact experienced and knowledgeable auto insurance agents at the Empower Financial Group serving Florence, KY today!