Four Basic Types of Health Insurance Plans

Choosing health insurance requires making an informed decision. HMOs, PPOs, EPOs, and POS plans are common categories. Most health insurers require that you share in paying your medical costs through copays, deductibles, coinsurance or all of these.

Health Maintenance Organizations mandate that you use a physician, hospital or healthcare facility that’s in their provider network. Otherwise, they will pay a portion of your out-of-network medical bills only in an emergency. HMO’s require that you select a PCP to coordinate your care with other healthcare providers. To see a specialist, you must get a referral from your primary care physician. Of all the plans mentioned here, this one usually has the lowest monthly premium.  

With Preferred Provider Organizations, you don’t need referrals, and you don’t need to choose a PCP. Select from a large number of hospitals and physicians as well as out-of-network providers (at a higher cost) who do not need to be local. The monthly premium for PPOs is higher than for HMOs.

Exclusive Provider Organizations restrict service to in-network providers. If you get emergency treatment out of the network, you’ll have to pay the bill, and then request reimbursement from your insurer. Depending on the terms of your coverage, you may or may not have to choose a PCP. You don’t need referrals.  

Point-of-Service plans have fewer physicians and hospitals to choose from than PPOs. However, the costs for using in-network physicians is relatively low and comparable to those for an HMO. You’ll need a referral to see a specialist, and seeing a provider outside the network will cost more and mean paperwork. 

At Silverton Insurance Specialist LLC, we can guide you in selecting the coverage that fits your health needs, lifestyle and stage in life.








Is life insurance a good graduation gift for my niece and nephew?

While life insurance isn’t the first thing most people think of when considering what to get a new graduate, it is a surprisingly savvy and welcome gift. It’s actually one of the gifts that seems like a good idea at the time and then becomes more appreciated over time. You will need to get permission from the person receiving the gift, and he or she will need to choose beneficiaries.

A Locked In, Lower Premium

If you purchase a life insurance policy through Silverton Insurance Specialist LLC for someone who is still young, you can get a lower price, and that price won’t go up over time. Life insurance tends to be much more expensive the older you get.

Not only that, but young people won’t have to jump through the same hoops older people often do. There are usually no requirements for physicals or other documentation. 

Term Life or Whole Life?

Term life insurance is less expensive, but it only offers a death benefit. You can choose the specific term you think is best, probably 10 or 20 years. The premium and the amount payable won’t change, but the policyholder will be able to rely on it.

With whole life insurance, you can get the death benefit, but there are important additional benefits. Whole life insurance is a permanent kind of insurance, and it will offer lifelong protection as long as the premiums are paid. Unlike term life policies, whole life policies have a cash value which can be cashed in. Similar to term life policies, young people will get a better price and they can lock the savings in by getting the policy as young adults.

If you are thinking about giving a graduation gift that really means something, there aren’t many better choices than life insurance. If you are interested in purchasing a policy, or if you just have questions, call Silverton Insurance Specialist LLC today to see how we can help.

Is Health Insurance Optional If your Employer Offers it?

Health insurance is required by law to help protect individuals and to make sure they can get the help they need when they go to the hospital or the doctor. That being said, employers are not required to offer health insurance in certain instances and employees may not be required to take it. For those that are trying to understand health care coverage, the agents with Silverton Insurance Specialist LLC can help.

For those employers that have fewer than the number of employees that the law states you must provide insurance for, you do not have to provide any insurance options. Some states require 30 employees, some require less in order for the employer to be required to provide insurance. For those that have an employer that offers health insurance, you are not required to take the insurance they offer but you are also not going to be eligible for any government insurance options. For those that do not take the insurance that the employer offers, you are still required to have insurance and may be required to hold a private insurance policy from a third-party insurance company.  

If you are part of a company that offers insurance but you are covered on a spouse’s plan, you do not have to take the insurance that is offered. For those that have coverage on their own, you are not required to take the coverage that is offered by employees. Overall, you are required to have health insurance of some sort but the way that you secure it is up to you. For those that have questions, the agents with Silverton Insurance Specialist LLC can help you determine what type of coverage you need and if you are in compliance with federal health insurance laws and requirements.

How Does Permanent Life Insurance Work?

Permanent life insurance is designed to cover the entire life of the policyholder, unlike term life insurance, which will expire after a certain period. There are different types of permanent life insurance.

The way permanent life insurance works is determined by the premium you pay. The insurance company can allocate the premium in three different ways. The portion of the premium can be used for the death benefits or the cost of the life insurance. Another portion of the premium can go toward the administrative costs in order to manage the policy. The last portion of the premium goes toward cash value accumulation in the policy. Premiums can remain the same and be guaranteed for the life of the policy or could be more flexible.

The most common types of permanent insurance are whole, universal, and universal variable, and each one works a little differently. An agent at Silverton Insurance Specialist LLC can help you find the right one. Whole life insurance has different premium options. In ordinary whole life insurance, your premiums are the same as long as you live and your policy builds cash value. With limited payment whole life insurance, you pay the premium for a specific period but you still get insurance throughout your whole life. For this type, premiums are higher than if payments are spread out throughout the lifetime. Universal life insurance will allow you to vary your premiums and adjust your death benefit as the needs of your beneficiaries change. You will need to be in charge of how much is your account and when you need to make payments, in order to keep your policy active. Variable universal life insurance has your death benefit and cash value tied to a particular investment account. If your investments do well, then your benefits increase. However, if there is poor investment performance they would shrink.

Contact Silverton Insurance Specialist LLC to get a quote on life insurance.

Does a New Year Mean Changes to Your Commercial Insurance Policy?

Each New Year Brings Its Own Special Challenges 

You want your business to be evergreen. You do not want your livelihood to be subjected to the whims of each new year. Challenges with emerging business technologies, the global and local economies, even dramatic changes in the weather will affect your business. Each new year should bring a careful review of your commercial policy. Your commercial policy should include any areas of liability that may have resulted from new events in the new year. 

A new year may bring changes to your commercial policy contingent upon the circumstance and nature of your business. You do not have to understand all of the nuances of how outside events and situations could affect your current commercial insurance policy. The agents at Silverton Insurance Specialist, LLC in Greensboro, GA take the responsibility of acquiring all of the necessary information to assist you with how your liability may be affected with the new year.

Discussing changes with your agent is a safeguard to your business concerns. Your coverage may be adequate despite outside trends and differences in the world. The only way to be certain, however, is to discuss your current or new policy with an insurance agent. It is their business to be confident that your liability protection is at the highest level.     

Protecting Your Business is As Important as Protecting Yourself 

No matter where you are located, contact us today to discuss how our agents can help you decide which commercial insurance policy will best fit your needs. The agents at Silverton Insurance Specialist, LLC will help you find the appropriate coverage for your business and answer your questions. Our telephone number is 404-850-7071. Call today. 

Understanding How Umbrella Insurance Works

Umbrella insurance is a separate policy that can be added on to your homeowners or auto insurance, and it gives you more liability coverage. It can also cover some liability claims that other policies may not, such as false imprisonment, slander, and libel. Getting umbrella insurance can be less expensive than increasing the liability limits on other insurance policies. An agent at Silverton Insurance Specialist, LLC can help you determine how much coverage is necessary,

If your homeowner’s policy has a personal liability limit of $500,000 and you throw a birthday party where someone falls outside on the front steps, you would have to pay for the medical bills. If the guest that falls has some serious medical bills and ends up suing you with a judgment of $1 million, then you would be on the hook for an additional $500,000. Your homeowner’s insurance would pay the limit and then what would happen? Likely without umbrella insurance, you would have to pay for the rest of the money by dipping into your other assets, which can include your home, car, and anything else you own, as well as future wages.

If you have an umbrella policy that can kick in, then you wouldn’t have to pay these out-of-pocket expenses. It’s likely the umbrella policy will pay for any attorney fees that wouldn’t typically be covered under the homeowner’s policy. The only thing you would have to pay in this situation is the deductible on your homeowner’s policy. Depending on the situation, there isn’t a deductible to be paid on your umbrella insurance.

In this above example, there wouldn’t be a deductible on umbrella insurance. However, if there is a case where you are found liable and your auto or home insurance didn’t apply, then there would be an umbrella insurance deductible before the policy kicked in. Contact Silverton Insurance Specialist, LLC to get a quote on umbrella insurance. 

Types of Auto Insurance

Auto insurance is meant to offer protection against financial loss in the event of theft or if your car is involved in an accident. Understanding the different types of auto insurance is an important step in ensuring you get what’s right for you.

Most states have laws that set the minimum amounts of financial responsibility car owners must have before they can legally drive. Even though not all types of auto insurance are required, purchasing extra coverage with Silverton Insurance Specialist, LLC is the best way to ensure maximum protection. Most car owners know a thing or two about auto insurance, the only problem is being able to differentiate one form of coverage from another. Below, we detail the different types of auto insurance to help you make an informed decision:


This car insurance covers property damage and bodily injuries that you may cause to others. Most states have a minimum requirement for the amount of coverage you must have under liability insurance; however, buying more than the state-required minimum is usually a good idea as it offers extra protection.


Collision insurance is meant to repair or replace the policyholder’s car in the event of a covered accident resulting from a collision.


This car insurance covers all physical damage to your car from non-collision accidents such as vandalism, accidents with animals, theft, fire, and certain weather events.


All drivers are required to carry auto insurance; unfortunately, this is not always the case. Uninsured/underinsured coverage protects you and your car in case you are involved in an accident caused by a driver with none or minimal insurance. It can also come in handy in hit-and-run situations.

At Silverton Insurance Specialist, LLC, we provide affordable and reliable auto insurance policies. Our knowledgeable agents will help you determine the right amounts of coverage concerning state laws. Contact us today for a peaceful driving experience.

Types of life insurance available

Life insurance is a great way to shield your loved ones from financial devastation that may follow your demise. Life insurance, unlike auto insurance, is not mandatory in most states. However, that doesn’t mean that it is less important. It is one of the most critical coverages to carry as long as you live. Silverton Insurance Specialist, LLC offers customized life insurance plans for your lifestyle.

How Life Insurance Works

A life insurance plan is simply a binding contract between the insured (you) and the insurance company (carrier). It’s an agreement that you will pay a particular premium value for a specified duration in exchange for a lump sum payment from the insurer at the end of the contract or a death benefit to your beneficiaries when you’re gone. Different plans are customized to meet the needs of the insured, so don’t settle for something that doesn’t meet your needs.

Life Insurance Coverage Plans                      

There are three common forms of life insurance. Permanent life insurance, sometimes packaged as whole life insurance, gives protection for the entire lifespan of the policyholder. Term life insurance provides protection for a specified duration on time. Universal life insurance provides flexibility by offering components from both portions of term life and whole life packages. Please note that all kinds of life insurance plans are exempted from income tax.

Silverton Insurance Specialist, LLC provides life insurance coverages that you can rely on. Whether you’re looking for whole life, universal life, or term life insurance plans, we’ve got you covered. Visit our offices and speak to one of our experienced agents who will weigh your options and design a flexible plan that suits your lifestyle and budget. You can also give us a call or head straight to our website for further information on life insurance.

The Trick to Getting Commercial Insurance

When you own a business, one of the things that you want to make sure you have in place is commercial insurance. However, commercial insurance does not work the same way that a lot of other types of insurance work. In fact, it is a type of insurance that is completely catered to what you need as a company, and there is no one size fits all. Because of this, you want to make sure that you ask for the right things from Silverton Insurance Specialist, LLC. 

Commercial insurance is something that should be created around your needs when it comes to the business. There are a lot of different kinds of coverages that you can include in your commercial insurance policy and some that you want to make sure you include. Some of the things to definitely have are things like workers compensation and wage insurance. However, commercial insurance is not only designed to protect your business but also to protect you and your employees. A lot of things can happen in the course of running a business, and you want to make sure you are protected from your employees, outside sources, and other things that you cannot control. You also want to make sure that your employees are protected from a variety of situations that are beyond their control. The right commercial insurance policy covers all aspects.

Now that you have a better understanding of how commercial insurance works, it is time to put a policy in place or audit your existing policy to make sure it works based on your needs. Be sure to reach out to us here at Silverton Insurance Specialist, LLC today so we can help you through the process and get you a free quote for commercial insurance. 

What does an umbrella policy not cover?

Every insurance policy has its limitations, but you may be surprised just what your policy can cover when you buy umbrella insurance from Silverton Insurance Specialist, LLC.

A typical umbrella insurance policy might offer additional coverage for home and auto claims, but it can come into play for anything insurance can cover. Many people rely on their umbrella policy to cover legal costs, for instance, if they are taken to court for civil damages or even criminal charges, depending on the nature of their insurance policies. You can cover retirement accounts, health, and almost anything else with an umbrella policy.

The only real limitations on your umbrella policy come down to how much coverage you’ve purchased. If, for instance, your auto policy covers one million in liability, and your umbrella policy can cover another two million, you would need to exceed three million in damages to transcend the boundaries of your total insurance coverage, and it is highly unlikely that you’re ever going to be involved a four million dollar car accident.

Umbrella coverage can run under three hundred dollars for a one million dollar policy. This is all based on different factors. Your price may be higher or lower. But the point is that umbrella coverage is a lot more affordable than one might assume. People tend to believe that an umbrella policy is something that only the super rich can afford. In truth, if you own a car and a home and you have health insurance, an umbrella policy is an excellent way to extend your policy with Silverton Insurance Specialist, LLC. The only real limitation on umbrella insurance comes down to how much protection you want. Reach out to our agents to learn more.