Personal

With roots in Fort Worth going back to 1966, Gus Bates Insurance & Investments has guided our clients for decades to make wise decisions to protect their families and businesses. As a family owned business we offer the advantages of an ongoing, personalized interest in the unique situations and challenges of each of our clients. As an individual, your insurance and investment needs can be complex. Carefully analyzing every aspect of your personal financial interests while keeping abreast of constant changes can be daunting. You can trust us to stay in front of the transforming industry and guide you through the many choices to be made.

Individual Products

There are many options available in the individual health market, and the agents at Gus Bates Insurance & Investments broker these products just like the group health plans. This provides our clients with options on plan design and cost in order for them to pick a plan that is most competitive in the market at the time.

INDIVIDUAL LIFE

Quality life insurance allows individuals to address concerns for their loved ones after death. Gus Bates Insurance & Investments urges clients to make decisions while they can to relieve some of the emotional and financial burdens that come with losing a loved one.

INDIVIDUAL DISABILITY

Disability insurance offers the opportunity to protect income from an event that causes a person to lose the ability to earn an income.

INDIVIDUAL LONG TERM CARE

Smart financial planning includes the consideration of all potentially devastating situations to financial well-being. The cost of long term care is staggering and is not fully covered by Medicare. Long Term Care insurance offers the opportunity to insure against these costs. Available benefits include accident coverage, return of premium, and benefit periods from two year to the remainder of the insured’s life.

Gus Bates has vast knowledge of the many different individual health options, and our agents can help with:

  • Copay Plans
  • Health Savings Account (HSA) Plans
  • Catastrophic Indemnity Plans

Gus Bates has the resources and experience to find the appropriate coverage no matter what a client's health status might be. Term Life, Whole Life, Universal Life, or a combination can be used to reach clients' desired goals allowing them to insure financial well-being for those they care about.

Gus Bates Insurance & Investments can tailor coverage that protects against inflation, partial disability, slow to recover accounts and many other risks so thatour clients' lifestyles are protected should they become disabled. Our agents help clients obtain peace of mind by insuring them a tax-free monthly income that is payable to retirement age.

Gus Bates Insurance & Investments helps our clients plan ahead so that if they were ever to need assistance with the activities of daily living, they will have affordable access to the care.

    Personal Lines

    Our Personal Lines Group is as individual as you are. As an individual, your insurance and investment needs can be complex. Carefully analyzing every aspect of your personal financial interests while keeping abreast of constant changes can be daunting. You can trust us to stay in front of the ever-transforming industry and help guide you through the many choices to be made.We believe that you first have to get to know the person before you can truly know how to best protect them. We take that belief to heart, which is why we invest our time into getting to know you before we would ever make a recommendation of what coverage you need.

    Once we have your coverage in place, we conduct an annual review of your coverages so that your policies can be adapted as your personal needs change.

    Key Offerings:
    Home
    Auto
    Farm and Ranch
    Umbrella- up to $100 million
    Boat, Yacht, Watercraft, Aircraft and Recreational Vehicles
    Worker’s Compensation for Household Staff
    Personal Risk Management
    Estate Planning
    Collection Policies- Jewelry, Fine Art and Sports Memorabilia
    Life Insurance
    Kidnap and Ransom

    -Carriers we have access to: PURE, Chubb, Chartis, The Hartford (now licensed to offer AARP packages), Safeco, Travelers, The Republic Group, Progressive, Foremost…. And more!

    If you are interested in finding out more about how we can help you, please contact us at:
    Anna Pamplin, PLS ext. 5347 anna@gusbates.com
    Elizabeth Link, PLS ext. 5346 elizabethl@gusbates.com

    Individual Health

    There is a specific time period when you can enroll in an individual health insurance policy, this time is called Open Enrollment, and takes place between November 1st through January 31st.
    If you enroll between:
    November 1st – First day shopping and enrollment begins
    December 15th – Last day to secure coverage effective January 1st
    January 15th – Last day to secure coverage effective February 1st
    January 31st – Last day to secure coverage effective March 1st

    ENROLL HERE

    SPECIAL ENROLLMENT PERIOD

    Outside of Open Enrollment, you can buy health insurance only if you have an eligible qualifying event, which allows you to purchase a policy for a Special Enrollment Period.

    Examples of a qualifying event include:
    · Marriage or divorce
    · Having a baby, adopting, or placing a child for adoption/ foster care
    · Moving your residence, gaining citizenship, leaving incarceration
    · Losing other health coverage due to losing job-based coverage, COBRA expiration, aging off of a parent’s plan, losing eligibility for Medicaid or CHIP, and similar circumstances.
    Important: Voluntarily ending coverage is NOT a qualifying event for a Special Enrollment Period.

    PENALTY

    If you don’t have health coverage for more than 3 months out of the year, you must either pay a fee or get an exemption from paying the fee.

    Your fee is calculated one of 2 ways. For 2015 you’ll pay the higher of these amounts:
    2.5% of your household income; OR
    $695 per adult ($347.50 per child; no more than $2,085 per family)
    If you’re uncovered for part of the year, you owe 1/12 of the annual penalty (pro-rated amount) for each month you don’t have coverage.

    SUBSIDY INFORMATION

    To qualify for a subsidy you must meet the requirements below.

    · Subsidies are based on your Family Size that you claim for Tax Purposes, counting children under the age of 26 along with modified adjusted household income
    Basic eligibility criteria
    · You must file a tax return
    · If you’re married, you must file a joint tax return
    · You must not be claimed as a dependent under another taxpayer
    · You must not be able to get health insurance through an employer or spouse’s employer
    · All subsidies paid in error will be sought out by the IRS when you file your taxes
    For more facts please visit the IRS website : http://www.irs.gov/pub/irs-pdf/p5120.pdf

    Please see below for income levels that might be eligible for a subsidy

    Household Size Lowest Income Highest Income
    1 $11,670 $46,680
    2 $15,730 $62,920
    3 $19,790 $79,160
    4 $23,580 $95,400
    5 $27,910 $111,640
    6 $31,970 $127,880

    If you have any questions about your individual health plan or enrolling in an individual health plan, please contact our individual team by emailing individual@gusbates.com

    If you have any questions about you individual health plan or enrolling in an individual health plan, please contact Stephanie Linch at 817.529.5333 or stephanie@gusbates.com

    If you have any questions about you individual health plan or enrolling in an individual health plan, please contact Stephanie Linch at 817.529.5333 or stephanie@gusbates.com

    If you have any questions about you individual health plan or enrolling in an individual health plan, please contact Stephanie Linch at 817.529.5333 or stephanie@gusbates.com