Life & Health Insurance

Individual/Family Health

Open enrollment for the individual/family market is through 12/15/2018 for a 1/1/2019 start date.  If you do not apply by this date, you will have to wait until next year or a Qualifying Life Event (QLE).

Due to the many changes brought about by the Affordable Care Act (ACA),very few brokers are still selling individual/family health insurance plans.  Unfortunately, this would include Schoolcraft Insurance Agency.  If you do not have access to an employer-sponsored health insurance plan through your or your spouse’s workplace, you will most likely have to apply directly with the carriers or through the marketplace at  If you qualify for government assistance, you must go through the government website to purchase the insurance.

As of January 1, 2018, there are only two health insurance companies offering individual/family coverage in Loudoun County and most of Northern Virginia:  Kaiser Permanente and CIGNA.  Kaiser Permanente is an HMO where you are required to go to their doctors and facilities for coverage.  CIGNA has a broader network, but does not have out-of-network coverage.  So as with any insurance, plan ahead and make sure you know what providers and facilities are in network for your plan before you need services.

Group Health/Employee Benefits

Are you a small business owner with at least one W2 employee working 30 or more hours weekly?

You may be better off starting a group plan for you and your employees.  Pricing is more competitive, there are more carriers and plan options to choose from, and there is a good amount of tax savings potential for the business and your employees.

Contact us ASAP and we will assist, but before you do, here are some of the requirements for starting these plans:

You must have at least one “common law employee” (W2, non-owner, non-spouse of owner) who is working on average 30 or more hours per week. There is an employer contribution minimum of 50% of the employee’s premium (no requirement for contributing to spousal or dependent coverage), and there are different participation requirements that are carrier specific.

Life Insurance

There are several different types of life insurance, all with a common purpose: to protect your loved ones from bearing a large financial burden in the event of your premature death. Your needs will change throughout your life, so it’s important to understand the basics and periodically review your coverage to ensure that it’s still right for you.

There are two basic types of life insurance:

Temporary insurance, including Term Life and Group Life

Permanent insurance, including Whole Life, Universal Life and Variable Universal Life

If you purchase life insurance, the insurance company will pay a death benefit to the beneficiary or organization named in the policy when the holder dies. (In the case of temporary insurance, your death must be during the policy term.) The choice between temporary and permanent insurance will depend upon your personal goals and objectives.

How much life insurance do you need?

Life insurance is intended to provide for your family’s financial security and can help bring peace of mind. Calculating the right amount of coverage to suit your situation can be difficult – and depends on your personal goals and objectives.  Most insurance companies recommend that your total life insurance coverage should equal to five to eight times your annual income. Many people use a combination of the types of life insurance to meet changing needs over the course of a lifetime.

Questions?  Contact us!

For more information or to help answer any questions you may have, please contact our parent agency, Loudoun Insurance Group, at 703-777-8118 or send an email to Jared Melvin, Employee Benefits Director at