Health & Financial Services

Our agency offers a complete line of insurance and financial products and services ranging from life and disability income to group life and health insurance. These products and services are designed to provide solutions to your personal and business financial needs, including:

• Medical Insurance
• Dental Insurance
• Group Health
• Individual Health
• Individual Life
• Buy / Sell Protection
• Key Person Coverage
• Flexible Spending Accounts (FSA)
• Long-Term Care
• Long-Term Disability
• Retirement / 401(k) / IRA

Medical Insurance

Employees have three medical options: Preferred Provider Organization (PPO): allows employees to use any physician in or out of the network. Benefits are paid in accordance with the provider selected.

Exclusive Provider Organization (EPO): employees choose their physician from a list of approved EPO providers. This plan is offered nationwide wherever EPO networks are available.

Our PPO and EPO plans are built around health care networks and a high level of coverage for using network providers. There are no "gate keepers." Therefore, primary care physicians and referrals to specialists are not necessary. You have the freedom to choose any physician in the network any time.

Dental Insurance

Dental Insurance Plan helps you cover the costs of dental care for you and your family. Covered dental services include exams, cleanings, fillings, extractions as well as crowns, bridges, dentures and orthodontia.

Group Health

At Castello Agency, Inc., we are committed to health insurance for both our commercial customers, who need group coverage for their employees, as well as the individual or family that needs coverage.

With the changing face of health insurance in today's market, we at Castello Agency, Inc. are staying abreast of the latest developments that will affect the coverage you expect as well as the cost impact upon you.

We have the best health insurance markets available in our area, and we will always present to our customers the best options at the best price available.

Individual Health

Individual health insurance programs are designed for individuals and families who cannot obtain health insurance through an employer. Due to the continually rising cost of medical care, it has become more important to provide health insurance for you and your families. Castello Agency, Inc. offers health insurance programs to individuals which offer extensive coverage as well as high-deductible programs which are designed to protect against catastrophic financial losses.

Individual Life

Life insurance from Castello Agency, Inc. can help you secure your family's financial future by providing the funds they need to: cover burial expenses, uninsured medical bills, pay off your mortgage and other outstanding debts, and maintain a comfortable standard of living.

Castello Agency, Inc. offers a variety of life insurance products, including permanent, term, variable, flexible and whole life policies.

Buy / Sell Protection

If you have a partner in business, you have a need for insurance so that in the event of death or disability, you can buy out your partners interest without having to take out a loan or liquidate company assets. This is also important where children and taxes are involved.

Key Person Coverage

Your key employees are your most valuable business asset. Their skill, knowledge and experience are your real profit makers. Without them, the success and growth of your business could be in jeopardy. Key employee insurance is designed to protect your business from the adversities associated with the loss of a key employee, manager or executive. The death or disability of a key employee could result in a substantial financial loss due to hiring and training a replacement, lost sales, and/or slowed production.

Flexible Spending Accounts (FSA)

Employees' needs are as varied as their lifestyles, and benefit programs need to be flexible to accommodate those differences. At Castello Agency, Inc., we not only recognize, but welcome this diversity.

There are two FSA options. A Health Care FSA is an alternate way of paying your share of your health care costs. In the same manner, a Dependent/Child Care FSA reimburses you for expenses for dependents and childcare which are necessary to allow you and your spouse to work.

When you create an FSA, you choose to have a specific amount of your annual salary withheld from your paycheck and deposited to your FSA. These withholdings are on a pre-tax basis.

Flexible Spending Accounts (FSA's) are benefit options designed to increase your disposable income by reducing the amount of taxes you pay. An FSA enables you to use pretax dollars to pay for qualified health care expenses which are not reimbursed under any health care plan or insurance plan, and for qualified dependent/child care expenses.

Long-Term Care

Long-Term Care is the type of care received either at home or in a facility, when someone needs assistance with activities of daily living, such as bathing and dressing due to an accident, an illness or advancing age.

Rising life expectancy means that the potential need for "long-term care" grows with every passing year of your life. The likelihood is that you or a member of your family will need long-term assistance due to a prolonged illness, a disability, or general deterioration of your health and ability to perform routine daily activities. Most long term care expenses are not covered by Social Security or Medicare, Medicare Supplement ("Medigap"), or private health insurance. Medicaid pays for nearly half of all nursing home care, but you must meet federal poverty guidelines and may have to "spend down" most of your assets on health care.

Long-Term Disability

Disability insurance replaces your income should you become disabled and unable to work. Many people have some form of disability insurance through their employer. The employers' policy may not be just what your need. In this case, you will probably want to supplement the employer's policy with an individual policy of your own.

Retirement / 401(k) / IRA

Many experts agree that Social Security may not exist in the same form for future retirees. That is why it is more important now than ever before to plan for retirement. We help companies start, transfer and maintain their retirement plans of all types, not just 401(k) plans.

A 401(k) plan offers businesses and their employees one of the most effective tax shelters available today:

• Company contributions are immediately tax deductible
• Employees are not currently taxed on company contributions
• Employees' investment earnings accumulate tax-free, until distributed as benefits
• Costs of establishing and maintaining the plan are deductible as ordinary and necessary business expenses.

Individuals may establish a Traditional IRA account with tax-deductible contributions (subject to certain income levels) not to exceed $2,000 for any one year or 100% of income whichever is less