South Carolina's oldest insurance agency
C. T. Lowndes & Company offers...
We also offer Life Insurance policies and Annuities..
If you are not eligible for a group health insurance plan at your place of work, it is possible for you to obtain an individual health insurance policy. However, a individual health insurance policy is not a guaranteed acceptance product at this time. You must qualify medically for such a policy and persons in poor health may be declined by the insurance company.
Individual health policies can be tailored to include your family (spouse and/or children) depending on your needs. You will be able to choose from the most basic plan to plans that include various options such as maternity benefits, drug prescription cards, office visit co-pays, high or low deductibles, etc.
Short term insurance is available for college students, those waiting for coverage from another source, or those who are between jobs. These policies are available for periods from one to six months.
For those who cannot medically qualify, there is available a government plan for which Bill Towles at C. T. Lowndes & Company is an administrator.
Due to continuing and often changing legislation, there is much hearsay and many myths about the current regulations regarding individual health plans. It is very important that you speak to a knowledgeable and qualified health insurance agent who can give you accurate, professional, and up-to-date reviews of the most current regulations.
Children’s health insurance policies are no longer available due to the current legislation.
Health insurance is not a simple subject, so who do you turn to for help?
Everyone who turns 65 years of age will be eligible for Medicare health benefits starting on their 65th birthday. It is very important that you understand that Medicare does NOT cover all of your medical expenses.
Almost everyone on Medicare purchases a Medicare Supplement from private insurance companies. These “standardized” Medigap polices offer the same basic benefits no matter which insurance company sells it. Medigap policies pick up most of the non-covered expenses and can also cover prescription drugs.
There are several different Supplemental plans (labeled A through L) to choose from and you must speak to a knowledgeable health insurance agent before deciding on the Plan most appropriate for you. There are some people with certain conditions or disabilities who have Medicare but who are not 65. Such individuals can access supplemental coverage without being 65. These folks are required to have Medicare plans A and B (hospital and doctor), also called Medicare Advantage Policies and must apply for the supplemental insurance during the annual election period (October through early December) or upon first receiving Medicare.
None of this is simple so you really must call a qualified and knowledgeable agent.
Contact Bill Towles for additional information