Financial Awareness is crucial to day to day living. Money and finances are what runs the world. With their running-the-world abilities comes their connection to insurance. Between premiums, co-pays, and Rx-plans, insurance can get pricey. It is imperative to know your plan. Here are things to look for when figuring out what insurance plan is right for you/ or when reviewing your insurance (policy changes can always happen):

• First off, know which providers are in network. This means knowing which providers accept your insurance plans. Out-of-Network providers often come with astronomical prices.

• Second, memorize your deductible. The deductible could be a monetary amount, a percentage, a time elapsed, or etc. Whatever the monetary amount may translate to, you are obligated to pay that amount out of pocket before the benefits are paid.

• Third, know your co-pays. Co-pays are the upfront set costs you pay to the provider for covered services. Often times, a specialist will cost more than a primary care doctor. This is also why it is incredibly important to stay in network.

• Lastly, keep track of your Rx Plan. Rx Plans vary from insurance to insurance but their overall purpose is to maintain set costs for specific classes of prescriptions. The costs of these prescriptions are paid out of pocket by the insured.

While Financial Awareness Day is only once a year, being insured is important every day of the year.


Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.

In today’s heavily regulated market, tax benefits and investment dividends achieved through retirement plans can be significant. Many plans offer immediate dollar-for-dollar tax savings. But the rules are diverse and complex.

Cosmo Financial’s expert consultants can help you achieve your financial objectives through a host of wealth building investment strategies and a full range of variable products to help complement your current financial position. Call for an appointment at your convenience.


Open enrollment is right around the corner.  Are you prepared to sign up for a health insurance policy?  Learn more here.






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