ovation - services & supplemental
DESCRIPTION
Brief slide show on Ovation's services with a focus on the need for supplemental insurance - like Aflac, Assurant, or Colonial.TRANSCRIPT
who we are…who we are…
Daniel LaBroad, President, Ovation Health & Life Services, Inc
A progressive insurance brokerage A progressive insurance brokerage partnering with business owners to partnering with business owners to bring a more secure future to their bring a more secure future to their
employees and themselves.employees and themselves.
A progressive insurance brokerage A progressive insurance brokerage partnering with business owners to partnering with business owners to bring a more secure future to their bring a more secure future to their
employees and themselves.employees and themselves.
OVATION““We’re making people insurance smart with products that makes We’re making people insurance smart with products that makes sense.”sense.”
individual individual
providing a complete insurance package to protect the lifestyle we work so hard to achieve and maintain
brokerbroker
expanding broker product portfolios to increase revenue from existing clients, aid in attracting new clients, and promote a stronger client-broker relationship
businessbusiness
partnering with a business to create a new employee benefit program or to enhance their existing one, while increasing their bottom line
who we are…who we are…
OVATION
unique servicesunique services
on-site employee benefit presentations, enrollments, and personal claim service
complimentary section 125 cafeteria POP plan set-up
employee marketing
chamber of commerce discounts
health coalitions
complete benefit programs offered at no cost to employers
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products offeredproducts offered
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HEALTH INSURANCE
DISABILITY
DENTAL
VISION
LIFE
LONG-TERM CARE
DISCOUNT PROGRAMS
CRITICAL ILLNESS
SUPPLEMENTAL
All of these can be offered at no cost to your business.
supplemental policiessupplemental policies
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ACCIDENTAL INJURY
DISABILITY
HOSPITALIZATION
SICKNESS INDEMNITY
HEART ATTACK & STROKE
CANCER
In case of an accident or illness, supplemental policies pay cash benefits directly to you, regardless of any other
insurance you may have.
MED
ICA
L$
BIL
LS
RENT/ MORTGAGECAR PAYMENTUTILITIESLOANSCREDIT CARDSETC.
COPAYSDEDUCTIBLESCO-INSURANCEMISC.
SUPPLEMENTALSUPPLEMENTAL
HEALTHINSURANCE
HEALTHINSURANCE
DOCTORSHOSPITALAMBULANCERx
$$$$
$$$$
LIFE CHARTLIFE CHARTOVATION
benefit to…benefit to…
the employer
seen as good guy
fills in the gaps
no cost
minimum administration
lowers payroll cost, lowers FICA
increases employee retention
the employee
portable
rates guaranteed
affordable
voluntary
cash
protect their assets
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Which is right for me?Which is right for me?
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accidental injuryaccidental injury
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In 2001, about 37% of all hospital emergency room visits in the united States were injury related.1
A fatal injury occurs every 5 minutes, and a disabling injury occurs every 1.5 seconds. 1
There is a death caused by a motor vehicle crash every 12 minutes; there is a disabling auto injury every 14 seconds.1
In the home, there is a fatal injury every 16 minutes and a disabling injury every 4 seconds.1
1 Injury Facts, 2003 Edition, National Safety Council
heart attack & strokeheart attack & stroke
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One in four adults has some form of cardiovascular disease; about 71 million. 1
Coronary artery disease, is a leading cause of premature permanent disability among working adults, costs the US more than $400 billion per year in medical expenses and lost productivity, and is responsible for almost six million hospitalizations each year. 2
1 US Centers for Disease Control (CDC)2 US Department of Health and Human Services, April 2003
cancercancer
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In the United States, men have a little less than a 1-in-2 lifetime risk of developing cancer; for women, the risk is a little more than 1-in-3. The five year relative survival rate for all cancers combined is 63%.1
More than 1.3 million Americans were diagnosed with cancer in 2003.1
Cancer is the leading cause of medical bills in the United States.2
Medical bills are the leading cause of bankruptcy in the United States.2
63% of all cancer related expenses are not covered by health insurance.1
1 American Cancer Society, Cancer Facts & Figures, 20042 “Illness And Injury As Contributors to Bankruptcy”, David U. Himmelstein, Elizabeth Warren, Deborah Thorne, and Steffie Woolhandler, Harvard Medical Review
disabilitydisability
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Every year, 12% of the adult population suffers a long term disability.1
56% of U.S. adults said they would be unable to pay bills or meet expenses if they became disabled and could not work for six months or longer.3
For the second consecutive year, Americans have had a negative savings rate and are becoming increasingly exposed to financial problems due to insufficient savings.3
At the age of 35, you stand a 50% chance of experiencing a three-month or longer disability before you reach 65. At the age of 45, the figure is 44%.1
Advances in medicine are allowing us to live longer. However, recovery from a serious illness or injury often requires time away from work.
In the last 20 years, deaths due to the big three (cancer, heart attack, and stroke) have gone down significantly. But disabilities due to those same three are up dramatically! Things that used to kill now disable.2
How will you survive “the living death” ?
1 National Safety Council, Injury Facts, 2003 Edition2 National Association of Health Underwirters, 20043 NAIC Press Release, February 28, 2007
what next…what next…
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make a decision to help your employees
choose benefits
sign account set-up and hold-harmless agreement
schedule employee enrollment meetings
presentation and enrollment
set up deductions with payroll
questions & answersquestions & answers
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We look forward to working with you in the We look forward to working with you in the future.future.
““We’re making people insurance smart with products that makes We’re making people insurance smart with products that makes sense.”sense.”