Individual Benefits

Good health is extremely valuable. Those in poor health have a lower quality of life, as well as reduced ability to work and earn an income. Good health is often the result of genetics, the lifestyle choices you make (exercise, diet, smoking), and appropriate medical care. Even the healthiest among us need some level of medical care.

We use a streamlined interview process and straight-forward forms to fully understand your situation and goals. This allows us to right-size your medical benefits solution. We then educate you on how to actively protect your health and well-being. This process is called The Viti NAF™ (Needs Assessment Funnel).

According to statistics compiled by the federal government, over 20% of personal consumption expenditures are on medical care. Those needing medical care have three choices:

• Avoid the doctor. Failing to seek medical care when you need it can result in small, treatable health problems becoming much more costly, concerning, and uncomfortable. Sometimes, the consequences are fatal.
• Pay out-of-pocket. Paying for medical care from your own pocket can quickly exhaust your assets. Huge medical bills are one reason cited as a cause of personal bankruptcy.
• Health insurance. Although premiums can be expensive, for many individuals and families, health insurance is the only practical way to receive needed medical care.

There are three broad sources of health insurance in the United States today.

• Individually-owned policies. The individual or family purchases a health policy directly from an insurance company or health maintenance organization. Individual health policies can be relatively expensive compared to group health insurance.
• Group health insurance. Group health insurance is typically provided through an employer or another related group such as a professional association. The premiums for group health policies tend to be less than those for individually owned policies.
• Government programs. For those age 65 and older, Medicare provides a base level of health insurance. Medicaid provides health care for the impoverished. The federal government has a number of programs to provide medical care to active duty and former military service members. Some states have individual programs to provide health insurance to low-income individuals and families.

While health insurance may be expensive, trying to pay medical costs out of your own pocket, or not seeking medical help when needed, can be much more expensive.