416 Main St. McNabb, IL 61335 (815) 882-2126 campbellsinsurance.com
Cyr Financial
220 E. High St. #102 Hennepin, IL 61327
815-925-7501
www.cyr nancial.net
First State Bank
Mendota (815) 538-2265 McNabb (815) 882-2146
Peru (815) 224-4484
Ottawa (815) 433-3727
Princeton (815) 872-0002
LaMoille (815) 638-2398 www. rststatebank.biz
First State Insurance
715 Washington St. Mendota, IL 61342 (815) 539-5651
114 W Railroad St. Earlville, IL 60518 (815) 246-8261
Hometown National Bank
Member FDIC
260 Bucklin St, La Salle, IL 61301 (815) 223-7300 myhtnb.bank
Le elman & Associates
Sublette Location
111 West Main St. Sublette, IL 61367 (815) 849-5219
LaMoille Location 102 Main St. LaMoille, IL 61330 (815) 638-2171
Amboy Location
16 S. Jones St. Amboy, IL 61310 (815) 857-2125
Peru Waltham Insurance
1724 Peoria St. Peru, IL 61354 (815) 223-4414
www.perumutual.com
Raymond James Financial Services
James Spelich 1206 Shooting Park Rd. Peru, IL 61354 (815) 223-1891
www.raymondjames.com
State Farm – Adam Hellman
129 N. Main St. Princeton, IL 61356 (815) 875-2393
yourillinoisagent.com
State Farm – Cody Burroughs
313 S. Spalding St. Spring Valley, IL 61362 (815) 664-5302
362 3rd St. La Salle, IL 61301 (815) 223-1059
Considerations when choosing health insurance
Americans must navigate the health care system carefully, particularly when choosing their own insurance plans. Even professionals whose companies offer employer-sponsored insurance may need to choose between options within those plans. As individuals and families consider their health insurance options, they may want to keep these factors in mind.
• Open enrollment period: Changing health insurance plans may only be allowed during specific periods, notably at the time of hire, after a major life change (marriage or birth of a child) or during a period known as open enrollment. Typically open enrollment starts in November and runs through January.
• Employer or state insurance marketplace: Many employers offer health insurance to work-
ers, and employees will be limited to the plans available. Those who do not get health insurance through an employer or people who simply want to see other options can shop their state’s online marketplace or the federal marketplace to find a plan. Health insurance also can be purchased directly from an insurer or through a private exchange, but the costs may be higher.
• Alphabet soup: Insurance jargon can be complicated and consumers will come across various abbreviations alluding to different offerings. Health maintenance organization (HMO), preferred provider organization (PPO), exclusive provider organization (EPO) and point of service plan (POS) are some types of coverage. Generally speaking, plans that require in-network doctors and referrals have lower out-of-pocket
costs but less freedom to choose providers.
• Claim denial rate: It may be wise to research particular health insurance companies to learn the percentage of insurance claims that are denied and how long appeal processes can take.
• Identify all the costs: A health insurance premium is the cost of the coverage, regardless of services used. This is the amount that an employer, employee, or a combination will pay each pay period. Copayments are fixed fees for certain kinds of office visits, other services and prescriptions due at the time of service. A deductible is the cost paid (after premiums) for services before insurance kicks in. Healthy individuals who do not visit the doctor often may want a higher deductible plan which
could have lower premiums. Coinsurance may be another cost required on certain services to make up for what insurance doesn’t cover. For instance, many plans pay 80 percent and then the individual is responsible for the remaining 20 percent. Plans also have out-of-pocket maximums that, once hit, would cover all future costs. Each of these costs merits consideration.
• Medication coverage: Make sure the health insurance plan covers the medications needed. Create a list of medications and note if brand name prescription drugs or generics are covered. If prescriptions are primarily generic, you may be able to choose from a wider array of plans. Health insurance considerations are numerous. Wading through the information helps consumers make wise choices.
TF252654
Notable terms every investor should know
Here’s a look at some vocabulary that new investors should know.
• Appreciation: The increase in value of a financial asset.
• Asset: Anything that has economic value. This can be cash, bonds, stocks, or real estate.
• Asset allocation: As there are many different types of assets, investors often spread their investment money among the different classes. This helps balance levels of risk and return as part of individual investment plans.
• Bear/bull market: A bear market is a period of falling asset prices. A bull market is when prices are moving in an upward trend.
when they deposit money in an interest-bearing account.
termine if an investment is safe, too risky or not risky enough.
• Commodities: These are raw materials like metals, energy or agriculture.
• Diversi cation: Diversification involves investing across a number of asset classes. By diversifying, an investor can generally reduce overall risk while yielding similar or higher returns.
• Dividend: The portion of a company’s profit that it pays out to those who own shares of the company’s stock.
• Maturity: The date when the bond issuer pays the last principal and interest amount to the investor.
• Index: An index measures the performance of a group of assets. A well known index is the S&P 500.
• Interest: A fee the borrower pays to a lender in exchange for the use of money. Investors also earn interest
• Bond: A debt security that an issuer sells to investors in return for a variable or fixed rate over a period of time. Although bonds pay interest to the investor, the amount of money that is invested often can be locked and inaccessible until the end of the bond period.
• Portfolio: The assets owned by an investor or fund.
• Principal: An original sum of money invested or lent.
• Return: This is the profit or loss of an investment over a period of time. Many investors consider return histories to de-
• Stock: A share in ownership of a public or private company. Investing can be profitable when investors learn the vocabulary so they can better navigate their options and communicate more effectively with financial advisors. TF254800
State Farm – Kurt Bruno
1103 Main St.
Mendota, IL 61342 (815) 539-3878
State Farm – Lori Janko-Wilke
2025 Rock St. Peru, IL 61354 (815) 223-2118
State Farm – Jessica Strauch 1631 4th St. Peru, IL 61354 (815) 223-1900
Witek Wealth Management
613 1st St. La Salle, IL 61301 (815) 223-3332 witekwealthmanagement.com
