Individual and Family Medical Coverage
"Back in the old days", those who had group insurance available to them almost always saw a savings by becoming part of their group vs. buying individual or family coverage. Because of rising costs, those days are probably gone forever. Now more than ever, individual coverage among those who can get group insurance is becoming more popular, especially for the dependents of the employee. While employers must cover at least half of an employee's premium, they're not required to cover anything
toward dependent premiums. Some do, many don't. Contact Us to see whether purchasing individual coverage on family members can save you money. It often does.
As HSA Eligible Health Plans are becoming more popular, it is not uncommon for families to see premium savings as high as 40% over conventional plans with doctor office and prescription copays. Doctors office charges and prescriptions are still covered expenses under an HSA plan, the costs are just credited toward your annual deductible vs. being covered by a copay. This feature alone can cause drastic premium savings. Deciding whether an HSA plan makes more sense than conventional coverage is not complicated, and we will be more than happy to analyze the cost and coverage dfferences for you. In the end, whichever way you go is completely up to you, but at least it will be an informed decision. It's YOUR money, you can spend more, or you can spend less - you choose. We'd rather you spend less, but that's just us...
To run individual / family medical quotes from multiple carriers, CLICK HERE.
COBRA ALTERNATIVE? Short Term Medical (STM) coverage can be an alternative to expensive COBRA premiums. It's typically designed to keep you covered while in-between jobs that offer group insurance. Policies can be written to last from 1-12 months and can be paid for month to month as long as you need it. There are positive and potentially negative sides to STM -
Positive - STM coverage can cost MUCH less than COBRA or other individual insurance plans, because they're not designed to last for prolonged periods. Also, it's pure deductible / coinsurance coverage.
Positive - STM applications accept people with many pre-existing conditions. There are few underwriting questions on the application, because -
Negative - STM policies do not provide coverage for pre-existing conditions.
To check into and apply for STM coverage through Time Insurance Company, also known as Assurant Health, click here.
Group Medical Coverage
We also have several companies to choose from for employer sponsored group insurance. You're busy running your business, and shopping health insurance is most likely not your favorite part of the day. We will get you the most competitive quotes possible while at the same time staying out of the way of you and your employees while we go through the underwriting process. Contact Us Today to see if we can help you find a better value on your group insurance. OR if you'd like to get a quote started right away, Click Here to open a secure online census form that will be submitted directly to us.