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Best Health Insurance Agencies in Schaumburg

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A & A Insurance Financial Services logo
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License Verified:

License: 100300502

Illinois Department of Insurance

A & A Insurance Financial Services

10 North Martingale Road, Schaumburg, IL 60173
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  • Group Plans
  • Life Insurance
  • Pension Income for life
  • 401-K

Business Description

A & A Insurance Financial Services is an insurance company that has been offering its services to clients in Schaumburg and other surrounding communities since 1998 and helping clients retire for over 30 years. It offers clients a wide range of products such as life, health, and group insurance, Medicare Supplement, death claim services, annuities, and retirement services. The company's other services include retirement evaluation and providing professional advice on what to do with an old 401(k) plan. The company was founded by Arthur Arcidiacono.

License Verified:

License: 100300502

Illinois Department of Insurance

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Dave Steinbach logo
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License Verified:

License: 15956159

Illinois Department of Insurance

Dave Steinbach

2500 South Highland Avenue, Lombard, IL 60148
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  • Life Insurance

Business Description

Dave Steinbach is a State Farm insurance agent serving the Schaumburg community. Since opening his agency in 2019, he has been providing health insurance coverage options for families, individuals, and senior citizens. A wide range of plans is available for supplemental health, Medicare supplement, and individual medical coverage. Disability insurance is also available for short and long-term needs. Steinbach further assists clients in managing everyday risks by offering auto, life, and pet insurance as well as products like banking and annuities.

License Verified:

License: 15956159

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.1
Google
4.0 / 5 (172)
Facebook
5.0 / 5 (12)
DSP Insurance Services logo
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License Verified:

License: 100292968

Illinois Department of Insurance

DSP Insurance Services

1900 East Golf Road, Schaumburg, IL 60173
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  • Health Insurance

Business Description

DSP Insurance Services is an independent insurance agency catering to individuals and businesses in the Schaumburg metro. It offers employee benefits, which include health, dental, disability, pet, and vision insurance plans. Moreover, it assists in acquiring business insurance products, such as cyber liability, key man life, and workers' compensation insurance policies. DSP Insurance Services represents various insurance companies, which allows it to provide a broad range of insurance options. This firm extends its services to Canada and Mexico.

License Verified:

License: 100292968

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Holten Insurance logo
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License Verified:

License: 100300619

Illinois Department of Insurance

Holten Insurance

4913 Seeley Street, Oswego, IL 60543
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  • Individual Plans
  • Group Plans
  • Life Insurance

Business Description

Since 1988, Holten Financial & Insurance Agency has continuously provided insurance plans and assistance to businesses, families, and individuals in Schaumburg. It specializes in Medicare plans, employer-sponsored group health insurance, life insurance, dental and vision insurance, and individual insurance packages. The team at Holten Financial & Insurance Agency is composed of skilled and experienced insurance agents that value customer care. They represent some well-known insurance providers, such as United Healthcare, Aetna, Humana, and Silver Script.

License Verified:

License: 100300619

Illinois Department of Insurance

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kruse Insurance Services logo
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Kruse Insurance Services

PO Box 95925, Hoffman Estates, IL 60195
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  • Life Insurance

Business Description

Kruse Insurance Services provides risk management assistance for residents in Schaumburg. It specializes in providing individual healthcare plans which cater to professionals without employer-sponsored health insurance. In addition, its team of agents can furnish Medicare Supplement insurance policies. They have access to plans from providers such as Blue Cross Blue Shield and Humana. Kruse Insurance Services, which has been operating for over two decades, was founded by Tom Kruse, a Registered Health Underwriter and Fraternal Insurance Counselor.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Mike Lanham logo
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License Verified:

License: 1272723

Illinois Department of Insurance

Mike Lanham

1N149 Gary Avenue, Carol Stream, IL 60188
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  • Life Insurance

Business Description

Mike Lanham has been providing his services as an insurance agent for State Farm since 1992. He caters to clients in Schaumburg and the surrounding areas. He has also been given the Crystal Excellence Award. He offers insurance products such as auto, property, home, life, health, and business. Additionally, he also offers other products such as annuities, banking, and mutual funds. State Farm's health insurance options come in many forms which include supplemental health, individual medical, and Medicare supplement.

License Verified:

License: 1272723

Illinois Department of Insurance

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.3 / 5 (43)
Facebook
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
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Frequently Asked Questions

Introduction

If you're looking for health insurance for yourself or your family, an agent can help you save time, understand your options, and manage your costs. Insurance agents must be licensed in the state where they operate. They can provide information about on- and off-exchange plans to help you weigh all of your options, and they can see if you qualify for tax credits that can lower your monthly premiums. There's no cost to work with an agent, and they can help you save quite a bit by recommending the best plan for your needs. Here's what you should know before you get started.

How can you find affordable health insurance? 

Affordable insurance is available through employers, Medicare, Medicaid, and the federal Health Insurance Marketplace, which offers subsidies in the form of tax credits. You can also purchase coverage through private insurance companies and independent agents. Nearly half of all Americans have employer-sponsored health insurance, and about 10% of the population is uninsured.

What is health insurance?

Health insurance policies are contracts that require an insurer to pay some or all of a beneficiary's health care expenses in exchange for a premium and deductible. Plans cover preventive care and emergency medical services arising from an injury or illness. They may also offer optional coverage for dental and vision.

How do health insurance companies make money?

Health insurance companies make money by collecting premiums from consumers and reinvesting the funds. Federal law requires insurers to put approximately 80-85% of collected funds toward claims, and 15-20% is used to pay for administrative expenses.

What is subsidized health insurance?

Subsidized health insurance is available exclusively through the Health Insurance Marketplace. This system applies federal tax credits that can reduce or eliminate premiums. Tax credits are available to consumers who earn up to 400% of the federal poverty level based on household size.

What is a health insurance deductible? 

A deductible is a fixed amount you must pay out-of-pocket before normal copays or coinsurance rates apply. Under the Affordable Care Act, some services, such as annual physicals and wellness screenings, must be covered at no charge.

Is it illegal to not have health insurance?

No. Starting in 2019, the federal government eliminated the penalty that applied to individuals who could afford health insurance but chose not to purchase it. Financial penalties still apply in California, Massachusetts, New Jersey, Rhode Island, Vermont, and Washington, D.C.

Does health insurance cover therapy? 

All Marketplace plans must cover behavioral health care services, including counseling, inpatient care, and substance abuse treatments. However, there are coverage limits, and preauthorization may be required.

What is a copay?

A copay is a fixed price that you pay at the time of service after your deductible is satisfied. Insurance companies set specific rates for primary and specialty care and other services, such as emergency room visits and X-rays. Alternatively, plans may have coinsurance rates that require beneficiaries to pay a certain percentage of covered charges.

What is the Health Insurance Marketplace?

The Health Insurance Marketplace is a federal service designed to help consumers compare and purchase subsidized health insurance plans that comply with the Affordable Care Act. A number of states operate their own insurance marketplaces, including California, Colorado, New York, and Pennsylvania.

How can you find health insurance without a job?

Individuals who don't have access to health insurance through their job can purchase ACA-compliant plans through the Health Insurance Marketplace. Off-exchange plans are also available through private insurers and independent agents. The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives certain individuals who are losing their coverage the right to maintain the same plan for a limited time period. 

Can you cancel health insurance at any time? 

Consumers can cancel their health coverage at any time. Cancellations may be effective immediately or at a specified date. However, you must wait until Open Enrollment to sign up for a new plan unless you qualify for a Special Enrollment period.

Can you have more than one health insurance policy?

It's possible to have primary and secondary health insurance. This is most common with Medicare and Medicaid beneficiaries, including dual enrollees and individuals who purchase supplemental plans. Secondary plans can cover some additional expenses, but you're still responsible for premiums and deductibles.

Is health insurance pretax?

Premiums for employer-sponsored health plans are generally deducted from the worker's pretax income. The same is true for voluntary contributions made to Flexible Spending Accounts and Health Savings Accounts that are paired with a qualifying high-deductible health plan.

How long can a child stay on a parent\'s health insurance policy?

Children can stay on their parents' health insurance plan until their 26th birthday. There's a 60-day special enrollment period following this date. Exemptions allow disabled adult children to remain on their parents' policy beyond this age.

Do you have to pay a health insurance deductible upfront?

In most cases, out-of-pocket expenses for approved services count toward your deductible. However, it's increasingly common for hospitals to request all or part of the deductible upfront when scheduling major services, such as CT scans and surgeries.

Do employers have to offer health insurance?

The Affordable Care Act requires companies with at least 50 full-time employees to make essential health benefits available to 95% of their workforce. Companies that choose not to offer such benefits may have to pay a penalty.

Is there a tax credit for having health insurance?

The Advance Premium Tax Credit is a federal tax rebate designed to lower the cost of health insurance plans purchased through the Marketplace. Eligibility is based on income and household size. Consumers can decide how much of their tax credit to put toward their premiums.

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