Can Using Supplements Cut Down On Health Care Costs?

Even the most finely planned budget can get wrecked by health care costs. If you want to keep your health care costs to a minimum you must be proactive. Taking certain steps to keep yourself healthier will go a long way toward saving your wallet, not to mention making you feel better in the long run. Supplements can help.

Start With The Basics

Everyone should take a basic multi-vitamin and multi-mineral. Many health issues are caused by simple vitamin deficiencies. Even things as simple as a vitamin D deficiency can manifest with symptoms of something far worse. Many doctors now are checking vitamin D levels when patients come in complaining of everything from depression to chronic pain. Another deficiency which causes many health problems is magnesium. A magnesium deficiency can cause muscle spasms and depression symptoms. Unfortunately, our American diets are not sufficient to provide us with the vitamins and minerals we need. 

Do Your Homework

Do some research to see which of your symptoms might be related to a vitamin or mineral deficiency. You may think you are seriously sick when really you just need to increase your levels of certain vitamin or nutrient.  It is also helpful to research other more natural ways to fight common conditions. There are supplements which can help with a myriad of issues. The downside is that many of these supplements do not work as fast as a regular medication. The bonus, however, is that taking a natural route is often much less expensive. If you are taking prescription medications, be sure to check with your pharmacists to make sure the supplements you choose will not interact negatively with any of your medications. 

Supplements can help you maintain a greater quality of health and thus decrease your health care costs in the long run. To learn more about health care costs and insurance contact Hanneken Insurance Agency Inc. serving Little Falls, MN. 

3 Things to Look for When Buying Insurance for a Dairy Farm

Living on a farm means that you have a wide range of tools, buildings, and equipment that isn’t typically found on the average property. If you own a dairy farm, your animals are your most likely a large portion of your household income, so they are just as essential as the farming equipment. If you are new to dairy farming and not familiar with the type of insurance you’ll need, the following will provide you with information about what to look for when you are buying insurance for your dairy farm.

Animal Collision

In the unfortunate situation where you’re herd is injured, your household finances will inevitably be injured as well. When it comes to coverage for your dairy livestock animal collision is an option that you can include with your livestock insurance. Coverage can vary, for example, you may want to consider injuries from unlikely sources, such as attacks by wild animals or damage from fire or lightning. Be sure to talk with an insurance provider for recommendations that best suit your needs.

Building and Equipment Coverage

The equipment and building coverage that you may need for a small dairy farm isn’t going to be the same as it would be for a large, corporate operation, but it is still essential. Your agent at the Hanneken Insurance Agency Inc. will have a better understanding of the trends and risk of farming that are specific to the Little Falls MN area. It is important to insure all of your property including buildings, equipment, and dwellings.

Milk Coverage

Operating a dairy farm means you heavily rely on the milk. Maintaining the right amount of coverage for the milk will help to protect your farm from almost anything unexpected. For example, contaminated milk can have a significant impact on financial losses. With the appropriate coverage, if any contaminant is introduced into the processing, milk coverage will protect your dairy farm from the unforeseen costs.

It is important to note that home insurance is completely different than farm insurance, even if you live on the farm. Typical home insurance generally will not protect you against the additional risks that come with owning a farm. So, it is essential that you talk with your insurance provider to help determine if you have sufficient coverage for your home as well as your dairy farm.

Residents of Little Falls, MN interested in learning more information about farm insurance should contact Hanneken Insurance Agency Inc.

What Key Terms Are Used in Life Insurance Policies?

Minnesota state law does not require that people obtain life insurance, meaning that this coverage is completely optional. That said, it relieves the burden on family members to cover funerary expenses, and it can also help relatives to recover from the loss of income that they may experience when a breadwinner dies. 

Important Definitions to Know 

Your life insurance contract is referred to as a policy, and your premium is the amount that you pay to the company on a monthly basis. A claim, also called a death benefit, is the sum paid to survivors, called beneficiaries when the policyholder passes away. The insurance company is referred to as the insurer, and the insured is referred to as the owner of the policy. He or she is also the person who is responsible for making the payments. 

Term life is a policy written for a specific number of years, and Permanent life lasts indefinitely, usually having a savings component to it, referred to as its cash value. Whole life utilizes investment instruments, such as CDs and bonds, and this is a type of Permanent life insurance. Universal life, also Permanent life insurance, works with minimizing tax liabilities, and it is good for business owners with a high net worth. Variable life insurance is another type of Permanent life insurance that works with growing mutual funds. 

Hanneken Insurance Agency Inc. Wants to Help You

Residents of Little Falls MN can turn to Hanneken Insurance Agency Inc. for their indemnification needs, as we provide automobile, homeowners, health, life insurance, and a variety of other products. We will work hard to ensure you receive the package to best fit your situation, and we invite you to contact us to speak to one of our friendly representatives serving Little Falls, MN today!

Prepare your business for severe winter storms

As the cold seasons arrive, it is important to keep your most valuable assets protected. This, of course, includes your business.

The fall and winter seasons mean big drops in temperatures and potentially freezing rain, hail and snow storms. With the risk of a severe winter storm damaging your business, it is important to take a few key steps to protect your business and assets before the storm hits. The Minnesota Commerce Department suggests keeping important documents stored off-site, such as receipts, photos, insurance policies and more. It is also key to check the physical structure of the building to ensure that parts of it are in good condition, such as roofs, walls and floors. Using rock salt – or "road salt" – on sidewalks and entry ways that have become hazardous is effective at preventing falls due to ice or snow. 

If you own the building in which your business is located, property insurance should cover damages caused by storms to the structure of the building or losses to other assets contained within the building. However, if you are leasing or renting the business space, it is the business owner’s responsibility to ensure their personal property and assets are covered with business insurance. Liability insurance is also important to have if an individual slips or falls on your business property due to ice or sleet. 

Hanneken Insurance Agency Inc. offers a variety of business insurance solutions to protect your business and assets from damage or loss. Residents of Little Falls, MN should contact an agent to ensure their business insurance is up to date and sufficient to handle the winter weather.

The Basics of Farm Insurance

If you are in the agricultural sector, farm insurance is a coverage you can’t afford to ignore. Instead of getting an ordinary insurance plan, you need a policy that’s specifically designed to suit your crop, farm, and livestock protection needs. Hanneken Insurance Agency Inc. is one of the reliable Little Falls, MN insurers that you can contact when you need any farm insurance policy.

What will farm insurance cover?

Since no two farms are alike, your insurer can offer a coverage that’s designed to suit the activities you undertake in your farm. But, the main types of coverages in farm insurance include:

Farm liability coverage – It protects you from financial problems arising from liability claims, expenses related to damage to another person’s property, bodily injury to another person, legal defense bills, and medical expenses.

Dwelling coverage – It will protect your residence in case of weather disasters like lightning, tornadoes hail, or fires. This policy also covers vandalism.

Crop coverage – This policy protects valuable assets in your farm – the crops. So, if severe weather ruins your crops, you’ll be protected.

Equipment coverage – It protects your harvester, tractors, and refrigeration units, and other equipment you have on your farm.

Livestock coverage – This policy will protect all your livestock against catastrophic death caused by wildfire and tornadoes. The animals can be protected under one blanket policy for one overall value, or they could be scheduled individually.

Outbuilding coverage – It protects the structures on your property that serve a purpose in the farm. This may include barns and outhouses.

Those who farm for business purposes can consider other additional coverages like the commercial vehicle, worker’s compensation, loss of business income, and errors and omissions.

If you own a farm in Little Falls, MN, consider contacting us at Hanneken Insurance Agency Inc. and we’ll help you get the right coverage that suits your needs.

 

 

Do I Need Supplemental Health Insurance?

There are many different kinds of health insurance and health insurance policies. However, you’ve likely seen commercials on television for service providers offering supplemental health insurance. Supplemental health coverage goes beyond what your current policy provides. To some, this might seem unnecessary, but in reality, there are many benefits to supplemental health insurance. At Hanneken Insurance Agency Inc. there is a team member standing by who can help you determine whether or not supplemental coverage is right while living in and around Little Falls, MN. 

Extra Pay If You Can’t Make Work

If you are injured there is a good chance you’ll miss work. Now, even if you have regular health insurance, your policy may not pay you for the lost time. this means, while many of your medical bills are covered, your missed time isn’t. Here, supplemental insurance will help protect you from financial hardships. 

Picks Up Where Your Other Coverage Leaves Off

You may have a 60/40 or 70/30 insurance coverage policy, where the insurance company pays the larger amount and you’re required to pay the rest. Depending on the medical condition and the treatment you need this can still end up costing you hundreds, if not thousands of dollars. However, supplemental health insurance moves in and picks up where your other coverage left off. This will help ensure you’re not stuck footing a large medical bill. 

There are a number of major benefits available when it comes to supplemental health insurance. When living in Little Falls, MN it is a good idea to look into these benefits and see if it is a good fit. With the team at Hanneken Insurance Agency Inc., there is a team member standing by, ready to help you with all of your concerns and questions. 

Can I Buy My Cousin a Life Insurance Policy?

Many people go all of their lives and only think about buying a life insurance policy for themselves. They think if they buy this type of policy, they can leave money behind to their loved ones. And even though doing this is a great way to protect the financial future of those you love, you can also invest in policies for other people. Here at Hanneken Insurance Agency Inc. serving Little Falls, MN, we would like to discuss the benefits of buying life insurance for other people. 

Can I Buy My Cousin a Life Insurance Policy?

There are a lot of people who cannot afford to buy life insurance. If you have the financial capability, though, you can always buy a policy for them. And even if you don’t want to always pay the monthly premium, you can at least gift a person with a policy and make the first few years of payments on it. This is an excellent way to purchase coverage for the person and allow them time to get financially stable so that they can make the payments once you have stopped. So, yes, you can buy your cousin a life insurance policy. 

In fact, you can buy a policy for anyone that you choose. All you have to do is contact an insurance agent from the Hanneken Insurance Agency Inc. serving Little Falls, MN and ask about the requirements of buying a policy. You may find that you are able to secure discounts if you purchase multiple policies through the same carrier.

Contact one of our agents today and learn more about gifting a person with a life insurance policy. 

Does Commercial Insurance Cover Flooding?

If you are considering starting a new business, or are in the process of finding the right type of insurance for your company, then you may have questions about specifics which are outlined in the policy. For example, you may wonder if your commercial insurance policy offers protection from flooding. Knowing the terms and conditions of your insurance is the best way to make sure you have complete coverage without gaps that can cost you money.

Flooding Isn’t Included

Flooding is covered by flood insurance rather than commercial insurance. In order to provide protection from flooding, you will need to purchase separate flood insurance. Keep in mind that flooding of business vehicles is not covered in your flood insurance policy. Flooding of vehicles is covered by your car’s comprehensive insurance. Discuss finding the coverage you need to protect your business from damage incurred by flood waters with a knowledgeable insurance agent. 

Working With A Good Provider

The most important thing to keep in mind when looking for commercial insurance is finding a reputable provider. Companies like Hanneken Insurance Agency Inc. serving the businesses located in and around the Little Falls, MN area, can guide you through the process and offer solutions that are designed to give you protection without gaps that can cause financial losses. They work closely with prospective customers to help tailor their insurance products to fit their special set of circumstances. 

For more information about Hanneken Insurance Agency Inc. for businesses located in and around the Little Falls, MN area, call or stop by the office to speak with a representative. Let them give you the information you need to make an informed decision to protect the future of your company tomorrow. 

What Kind of Health Insurance Plan Should I Pick?

Having a solid health insurance policy is essential. If you live in the Little Falls, MN area, Hanneken Insurance Agency, Inc. serves residents in the area and can help you find the right health insurance plan for you and your family.

Where do I Begin?

Consider what you need to think about first when you begin searching for a health insurance policy. Will you be picking a single, or a family-based health insurance policy? Then comes the cost. Cost often falls at the top of the list because you want something that will be affordable.  

When looking through policy options, it’s imperative to read the fine print. Be careful about hidden costs and out-of-pocket expenses. Some policies also require additional deductibles based on procedures that you are receiving, etc. Lastly, check for the out-of-pocket max, which is the maximum amount that you can pay before the insurance company becomes liable for 100% of the remaining costs.

How Much Will You Need?

Identifying your health insurance needs in Little Falls, MN can be tricky when you are healthy. Thus, you must consider factors like your health history- and that of your family- including sicknesses that you may be prone to based on your genetic makeup.

Health insurance plans typically fall under Bronze, Silver, Gold and Platinum categories. The lower the medal category, the higher your deductibles will be. Less will be covered by the insurance itself and there will be higher out-of-pocket premiums.

Bronze plans typically work for healthy, young and single individuals that don’t take prescription drugs or visit the doctor often outside of general checkups.

Silver policies cover more and work for families or single individuals with no ongoing health issues that want coverage for prescription drugs and unexpected illnesses. Silver plans are ideal for families.

Gold & Platinum policies have considerably higher monthly premiums, but much lower deductibles. These plans are ideal for those with ongoing health issues and frequently taking prescription drugs.

Hanneken Insurance Agency, Inc. can help you find an affordable health insurance policy. Contact us for a free quote.

 

 

 

Does Your Hobby Farm Need Farm Insurance?

Many people are beginning to enjoy back-to-nature lifestyles by buying several acres out in the country near Little Falls, MN and raising animals and garden produce. But, what kind of insurance does a farm need? When does a hobby farm become a "real farm"? What happens if your horse gets out and someone is injured? These tips from Hanneken Insurance Agency, Inc. can help you with these questions.

Homeowners or a Farm Policy?

For some hobby farms, like those with just a pony and a few chickens, homeowner’s insurance will probably cover your needs. If your hobby farm is simply something fun that you like to do on the weekends and evenings, or you just like raising food to feed your family, you probably don’t need anything more than a  homeowner’s policy. Keep in mind, though, that homeowner’s policies may not cover expensive improvements like large barns or expensive equipment. If your hobby farm begins to turn into a more extensive operation, it may be time to call the insurance company and adjust your coverage.

Are You Making Money?

If you’re a full-time farmer, then you definitely need a farm policy. But, there is a gray area where you’re still a farmer, but not necessarily in need of a farm policy. Some insurance companies offer hobby farm policies for those who may sell produce at farmer’s markets or offer baby chicks for sale a few times a year. These policies are generally for people who just use their farm to make small amounts of money to supplement their off-the-farm income. 

Farm Liability Insurance

Many of a farmer’s daily jobs come with an element of risk. Driving large, powerful tractors and handling animals that weigh a thousand pounds or more are a part of daily life for many who live on farms. Most farmers know the risks and work carefully, but when other non-farm people are exposed to these experiences, terrible things can happen. A farm liability policy will protect you from a lawsuit if someone is injured on your farm. Even trespassers may try to sue if they are injured on your property, so a liability policy can help you rest more easily at night.

If you have questions about farm policies in the Little Falls, MN area, contact Hanneken Insurance Agency, Inc.