In most cases, spouses tend to get health insurance coverage under the same policy. However, this is not always possible and sometimes having separate policies makes more sense. Spouses in Little Falls, MN should take the time to review their health insurance plans, determine who has the best policy, and decide if they should be under the same policy or carry individual ones. 

Those with questions about health insurance coverage for spouses should reach out to Hanneken Insurance Agency Inc. for additional information.

Out-of-Pocket Expenses

Health insurance plans have maximum out-of-pocket costs policyholders pay annually. The total out-of-pocket expenses vary based on the plan. However, the Affordable Care Act did impose a max limit of $8,550 for an individual and $17,100 for a family. If it is just you and your spouse, having separate policies may not be an issue for out-of-pocket expenses. However, if you have a family, having a policy together is beneficial when calculating max out-of-pocket costs. 

Healthcare Needs

If one of you has extensive healthcare needs, such as a significant medical condition, having two separate policies may be the best option for financial reasons. The spouse with the medical conditions can select a more expensive provider with higher coverage options. The other spouse can choose a less comprehensive policy and save money on premiums. 

Employer-Sponsored Health Insurance

Most employers offer health insurance options for their employees, which also provide coverage for spouses. If both spouses work and have access to employer-sponsored health insurance, they need to decide if they want to keep separate policies or pick the plan with the best coverage for both of them. If only one spouse has this option, it may be best to be on the same health insurance plan. Otherwise, it would be best if you shopped for insurance from a Little Falls, MN private provider. 

Call the agents at Hanneken Insurance Agency Inc. today for additional information about health insurance options for couples. 

Whether it’s a prominent concern or a minimal one, pollution should be a consideration for farmers in Little Falls, MN. Fortunately, Hanneken Insurance Agency Inc.’s insurance agents can help ease those concerns.

When you first think of farm insurance, pollution might not immediately spring to mind as something that needs to be part of your coverage, but in fact, it’s definitely something you’ll want to make sure is addressed in your policy. 

There are a variety of reasons why any farmer should make sure that there is adequate pollution coverage in your policy, which is that there are exposures to pollution that are completely unavoidable. Some of these potential losses include:

• Water contamination (both groundwater and surface water)
• Storage of pesticides and herbicides
• Potential for fertilizer mishaps (such as spills or unintentional releases)
• Bodily injury from exposure to bacteria (such as high levels of nitrates in drinking water)
• Storage tanks for fuel related to operating the farm
• Damage to natural resources on or near the farm
• Odors from the items needed to run the farming business (manure, pesticides, fuels, fertilizer)

Additionally, with the rise of multiple farming locations being placed under one ownership, the risk of accidents has increased because of equipment and supplies being moved in between farming locations. Costs to clean up farming accidents can be substantial, particularly for accidents that are considered pollution related, so insurance in situations like that could mean the difference between the survival of a farm and debilitating costs to the farmer.

Let the team at Hanneken Insurance Agency Inc. serving Little Falls, MN assist with all your farm insurance questions today!

Life insurance comes in all shapes and sizes to fit different consumer needs. The policy is divided into major types–term and whole/permanent life insurance. In such a complex marketplace, it becomes difficult to choose the right plan. However, there is always a typical winner as most people in Little Falls, MN, choose term life insurance to keep things as simple as possible. If you’re wondering why you should go for term life insurance, Hanneken Insurance Agency Inc will share four reasons why you should.

1. Can pay for your debts

If you’re the breadwinner for your family, you may want to buy term life insurance to ensure that your family is provided for even after your death. If you have students loans, car loans, mortgage, and other debts, your policy can help clear all of them if you pass away without fully paying them.

2. You lock in low rates 

Many people in Little Falls MN, buy term life insurance due to its surprisingly low rates. Unlike whole life insurance, you’re likely to pay your premiums smoothly without hitches throughout the agreed duration. You can also opt for simplified term life insurance that fits your goals.

3. It’s more flexible

Term life insurance allows you to take charge of your financial needs and plan your future accordingly. If you are young and single, you can buy the policy and choose your duration–3, 5, 10, or even 30 years, depending on your lifestyle goals.

4. Rates remain the same throughout

Unlike permanent life insurance, which comes with maturity benefits, term life insurance does not have such privileges. However, rates remain the same throughout which makes it easier for you to plan your finances as you age.

Buying term life insurance soon? Hanneken Insurance Agency Inc. would like to be part of the process. Let us guide you through the process and make sure you’re adequately covered. Feel free to call or visit our offices in Little Falls.

If you own a business in Minnesota, there are two types of commercial insurance that your company may be required to have. In addition, there are many other types that are smart to have but not required by law. If you need commercial insurance, call us at Hanneken Insurance Agency Inc. in Little Falls, MN. 

Workers’ Compensation Insurance

In Minnesota, most businesses are required to carry workers’ compensation insurance for their employees. This is mandated by the state if your company has at least one employee whether they work full or part-time. If you are a sole proprietorship with no employees, you are not required to have this type of insurance. For all other businesses, this insurance policy protects them from having to pay for the medical bills of those who are injured at work. For employees, it stays ready to pay for their medical bills after an accident or illness that happens while on the job. 

Commercial Auto Insurance

Every vehicle in Minnesota has to be covered by auto insurance, and every vehicle in the state that is owned by a business is required to have a commercial insurance policy. These policies will pay out if there is a company vehicle that has an accident. If the same vehicle had a personal insurance policy, it would not pay out because the vehicle was used for business. If you use a personal car for business, it’s recommended that you get a hired and non-owned auto policy for it. 

Other Insurance

While no other insurance types are mandated, there are several that are helpful to small businesses. These include a business owner’s policy, professional liability coverage and cyber insurance. Talk to an agent about the best ones for your business type. 

Get Your Commercial Policies

If you are in need of a commercial insurance policy, call us at Hanneken Insurance Agency Inc. in Little Falls, MN.

If you have been keen, healthcare in the US has been rising every day. Without health insurance, medical costs can drain your finances. To protect yourself from the biting healthcare costs, you need to secure health insurance from Hanneken Insurance Agency Inc. of Little Falls, MN. This way, you will enjoy the below benefits.

Coverage of medical expenses

Of course, the most common reason for a health insurance plan is ensuring you receive proper medical care without straining your resources. Health insurance covers hospitalization expenses, medication costs, ambulance costs, domiciliary expenses, and many others. With health insurance, you can focus on your recovery, knowing that medical costs are taken care of. 

Coverage of chronic health conditions

The good thing with health insurance is that it protects against life-threatening diseases such as cancer, heart disease, and stroke. Health insurance caters to treatment costs, disease management costs, and other financial obligations.

With the increasing pollution, increasing accident rates, deteriorating lifestyle, and the emergence of new diseases, you need health insurance to protect your health. 

Prevention of illnesses

Health insurance plans offer preventive and routine care to prevent the occurrence of future illnesses. Services like vaccinations and routine checkups are pivotal in preventing and identifying illnesses at an early, easy-to-manage stage. 

For peace of mind

No one likes to get ill or injured. You might be in good health now, but the next minute you are sick or injured. Since we are humans — and humans get sick — we need health insurance to protect us at our vulnerable moments. 

Health insurance near me

Health is wealth. That said, you need to safeguard your health with a sound health insurance plan. If you are a resident of Little Falls, MN, your health insurance needs are well covered by Hanneken Insurance Agency Inc. Contact us today, and our friendly staff shall help you navigate the health insurance landscape. 

How much farm insurance do I need in Little Falls, MN?

If you’re into commercial farming, you need to protect your business property through farm insurance. Most Little Falls, MN farm policies cover your home, possessions, and liability. They also cover your livestock and machinery but not crops. Insurance professionals at Hanneken Insurance Agency inc. recommend buying farm insurance instead of relying on home insurance to get the most out of your policy.

Do I need farm insurance if I have home insurance?

Farm insurance is designed to work like home insurance, only that the farmers live where they work. Policies vary and can be customized to fit your desired goals. If you are farming to produce food items to be used in your home, then home insurance can cover the damage in case of accidents. However, if you are farming to generate income, farm insurance can be the best option.

How much insurance should I buy?

The amount of insurance to buy vary from one policyholder to another because everyone has different needs. It also boils down to the purpose of your farming activities and the size of the venture.  Ideally, you are looking at the risks associated with your farm and matching them based on the size. Your local insurance agency in Little Falls, MN, should assess and create a list of everything you have to come up with coverage options and premium amounts. Most policies are also flexible, and you can add or remove coverages when the need arises. For instance, if you didn’t have livestock on your farm and decided to add a few cows, pigs, and goats, your insurance company should allow you to add coverages that protect them, or you can raise your premiums.

Not sure how much farm insurance to buy in Minnesota? Hanneken Insurance Agency Inc. can help you find a policy that takes care of all your needs. We also customize policies to fit all your needs from equipment, machinery, livestock, and personal belongings. Call us today!

If you are stressed out by the thought of having to choose health insurance, you are not alone. About 50% of people questioned about choosing health insurance described it as very stressful. So much depends on making the correct choice. Getting the right health coverage shapes your medical care for the next year. Having an insurance carrier who can help answer your questions is crucial. In Little Falls, MN, Hanneken Insurance Agency Inc. has been serving central Minnesota for more than 30 years. We represent more than 60 carriers providing our customers with lots of choices. 

How much does the policy cost?

Price should not be the primary factor in your health insurance decision but ideally, if it is not affordable, you should not even be considering it. Only considering policies you can live with makes more sense than dreaming about the perfect one you won’t be able to pay every month. After you have limited your choices to health insurance you can afford, there are still some very important questions to ask. 

Are my doctors in the network?

Every health insurance carrier has a network of providers who have contracted to provide services. This allows the insurance company to manage costs and offer customers the best prices possible. If you don’t have a primary care physician or any specialist you have a relationship with, you don’t need to worry. If however, you do have doctors you prefer, you need to know you will be able to use them.

Are my prescriptions covered?

Each carrier has a list of covered drugs called a formulary. Getting your prescriptions covered is important especially if you are on maintenance drugs. 

What is the yearly deductible?

This is the amount you need to pay out of your own pocket before the insurance policy begins to cover expenses. 

At Hanneken Insurance Agency Inc. in Little Falls, MN, our experienced team can help to answer these and any other questions you may have about health insurance. Contact us for a free quote. 

Hanneken Insurance Agency Inc. serves the Little Falls, MN community, as well as the surrounding areas. For over 25 years, we have helped our clients find policies that fit their individual needs. We have working relationships with over 50 companies throughout the Midwest. We proudly serve as an independent agency.

The Benefits Of Farm Insurance

Farm insurance provides protection to Little Falls, MN farmers. Central Minnesota is home to a great farming heritage. Farm insurance covers your home and personal possessions so that you can continue growing crops with a minimum level of stress. You are protected if any damage occurs to your plants, trees, lawn, or shrubs. You can amend your policy to protect yourself in the event of a natural disaster such as a fire or power outage. Here is a look at some of the benefits of farm insurance.

Protects Your Livestock

Farm insurance protects your valuable livestock. You are covered if some of your livestock is stolen or injured due to a shooting or attack by wild animals. You can also amend your policy to cover you if your livestock passes away due to illness.

Protects Your Crops

Farm insurance covers any damage to your grain, seed, and other crops. You are protected if you are unable to operate your business for a few weeks due to an accident involving your crops.

Protects You In A Liability Dispute

Farm insurance provides liability coverage to help minimize risks. You are covered if someone gets injured on your property. You are also protected if you cause damage to someone else’s property. This includes your animals escaping from the farm and causing damage or your farm machinery malfunctioning.

Hanneken Insurance Agency Inc. Will Help You Protect Your Investment

Visit our website today to learn more information about farm insurance.  

People that live all over the Little Falls, MN area are going to have a variety of different personal insurance needs. An important form of insurance coverage to consider getting is life insurance. This type of protection can offer many benefits including the ability to protect those that rely on you. There are a few different reasons why people here will need to get a life insurance plan. 

Protect Those that You Care About

A reason that you should get a life insurance plan when you are in Minnesota is so you can protect those that you care about. If you would like to get this coverage here you can build a plan that is curtailed to meet the needs of your dependents. This can include handling the future costs associated with housing, higher education, or even retirement.

Conservative Investment Alternative

If you would like to get a life insurance plan in Minnesota you will also find that it offers unique investment benefits. When you get a whole life insurance plan a portion of your monthly payment will build up in an account that you can liquidate in the future. This account will continue to build with interest and offers little risk to the investor. This can be a good addition to any personal investment plan. 

Having life insurance in the Little Falls, MN area is very important. When you are in the market for a new policy, it would be a good idea to call Hanneken Insurance Agency Inc. When you do call Hanneken Insurance Agency Inc. you can learn more about your different life insurance options and the benefits of having coverage. This can help you pick a policy that is right for your situation and provides ideal life insurance coverage. 

You have put your money, hard work, and heart into your business and you will want to protect in any way you can. One of the main ways to provide protection for your business is through commercial insurance and the agents at the Hanneken Insurance Agency Inc. in Little Falls, MN can provide you with the information you need to obtain the commercial insurance policy that is best for you and your business.

Workers’ Compensation Insurance

In Minnesota, if you employ people to work at your business, you must either maintain workers’ compensation insurance or become self-insured to cover any injuries to your workers that occur on the job. This will also cover any lost wages your employees experience while being off work due to an injury or illness that occurred due to their job.

Commercial Auto Insurance

Under Minnesota law, all motorists must at least have an auto liability insurance policy in place and this includes vehicles that are owned by your business. If personal vehicles are used for your business, you should ensure that the owners of those vehicles have at least an auto liability insurance policy in place.

General Liability Insurance

If you rent the space in which your business is located, the property owner will probably require you to have this type of policy in place. Even if you own your business space, it is a great idea to have liability insurance to be on the safe side. For example, if a customer is injured while visiting your business, this type of insurance will cover their medical bills. It also protects you and your business if a product that you produce injures someone or if an employee of your business causes an accident to happen that injuries someone or causes property damage.

Other Coverage Options

There are several commercial insurance options you can also choose to have in place, including business interruption insurance, property insurance, cyber liability coverage, and management and employee practices liability insurance.

To obtain a quote or to make an appointment with an experienced commercial insurance agent, call the professionals at the Hanneken Insurance Agency Inc. in Little Falls, MN today!