Sometimes we get to a point in life where we have some unfortunate health issues. They can be due to accidents, they may be caused by genetics, our environment, and if we are being honest sometimes it is because we do not take care of ourselves. So many times these things happen when other bad things are occurring. Maybe there is no job, maybe no benefits, or maybe both. These days that is no reason to worry though. It is now possible to purchase guaranteed health insurance. No matter the medical condition you can now have some coverage to take care of your medical needs without having to pay everything out of pocket. We will talk about what this kind of policy will do for you below.
One of the first things you can choose to add to your guaranteed health insurance is accident and critical illness. This important coverage will pay you a flat dollar amount to help with medical bills and lost wages due to an accident like falling down the stairs or an illness like cancer or a heart attack. Make sure you talk with your broker to review the list of what is covered by these types of coverage. Some policies will include a small amount of life insurance but usually not enough to take care of your total life insurance needs. Next you have lots of options to choose from. Hospital indemnity coverage starts at $300 per day in coverage and can go all the way up to $2,000 per day depending on how much you would like to spend on your monthly premiums. You can also receive an ICU benefit which is usually a little higher than the hospital benefit due to the increased costs associate with being in intensive care. Inpatient and outpatient coverage will also be available. On some of the better plans your policy will pick up 100% of the surgery based on a surgery schedule provided by the company you choose. These are often based on what medicare pays for a specific surgery. Again, make sure to talk with your broker about this. There will likely be some anesthesia coverage as well. It is normally a percentage (i.e. 25%) of what anesthesia normally costs. there may also be an outpatient's doctor visits benefit. This is normally a flat dollar figure that can be paid to a doctor's office for you to have a visit and with a guaranteed health insurance policy you will likely be limited in the amount of times that benefit will pay out. Finally, some of the best policies will offer a prescription benefit. It may be a discount card or a copay option. Be sure to discuss that with your broker also.
This is a bird's eye view of guaranteed health insurance. If you would like more information please feel free to comment and e will get back to you or you can reach out to our friends at www.guaranteedhealth.us as they are one of the best in the business. I hope this helps you if you find yourself in need of guaranteed health insurance. Thanks for reading!
Thursday, May 30, 2013
Friday, August 31, 2012
No Waiting Period Health Insurance - Pieces of the Puzzle Part3
In part 2 of our pieces of the puzzle series we discussed some of the features that can be added to a no waiting period health insurance policy like copay options, facility fees, and more. Today I am going to share with you optional benefits that can be added to make life almost worry free. well, as worry free as one can be if they have to use a health insurance policy. Let's dig in.
One of the most popular extra benefits is a vision benefit. Vision benefits will pay for eye exams, usually once a year. It will buy you new frames, usually once every two years. You will be eligible for new lenses whether they are bifocal, trifocal, or lenticular lenses. You will even be able to get contacts with your vision benefits. You will be subject to a copay for services. Make sure to speak with you broker about the cost and the nuances of how the copay options work.
Supplemental accident insurance can be added to your no waiting period health insurance policy as well. This will pay out in case of an accident to help you cover the deductible and coinsurance amounts on your policy. For example, let's say you have a $5,000 deductible and a $3,000 coinsurance maximum. You break your arm and the total cost is $20,000 to fix you up. You have chosen to purchase $10,000 of supplemental accident insurance. Your $5,000 deductible will be covered and if you reach your coinsurance maximum it will also be covered. You can purchase this coverage as part of the policy or separately. As always, get advice from your broker as to what will fit best for you and your family.
Dental coverage may also be an option to add to your policy. Dental benefits mostly cover preventative procedures and some fillings. Possibly an extraction, depending on the policy you choose. There will always be a deductible and sometimes a waiting period before benefits start. In my humble opinion a separate dental policy is usually a much better buy for your insurance dollar.
When you are purchasing a no waiting period health insurance policy always discuss the options with your broker. The extra benefits vary by company and state. your broker may also have access to secondary policies that may fit your needs better.
As always please comment, email us, or check out our website if you have any questions. We will get back to you as soon as possible. Thanks for reading!
Cheers!
One of the most popular extra benefits is a vision benefit. Vision benefits will pay for eye exams, usually once a year. It will buy you new frames, usually once every two years. You will be eligible for new lenses whether they are bifocal, trifocal, or lenticular lenses. You will even be able to get contacts with your vision benefits. You will be subject to a copay for services. Make sure to speak with you broker about the cost and the nuances of how the copay options work.
Supplemental accident insurance can be added to your no waiting period health insurance policy as well. This will pay out in case of an accident to help you cover the deductible and coinsurance amounts on your policy. For example, let's say you have a $5,000 deductible and a $3,000 coinsurance maximum. You break your arm and the total cost is $20,000 to fix you up. You have chosen to purchase $10,000 of supplemental accident insurance. Your $5,000 deductible will be covered and if you reach your coinsurance maximum it will also be covered. You can purchase this coverage as part of the policy or separately. As always, get advice from your broker as to what will fit best for you and your family.
Dental coverage may also be an option to add to your policy. Dental benefits mostly cover preventative procedures and some fillings. Possibly an extraction, depending on the policy you choose. There will always be a deductible and sometimes a waiting period before benefits start. In my humble opinion a separate dental policy is usually a much better buy for your insurance dollar.
When you are purchasing a no waiting period health insurance policy always discuss the options with your broker. The extra benefits vary by company and state. your broker may also have access to secondary policies that may fit your needs better.
As always please comment, email us, or check out our website if you have any questions. We will get back to you as soon as possible. Thanks for reading!
Cheers!
Wednesday, August 29, 2012
No Waiting Period Health Insurance - Pieces of the Puzzle Part 2
In our last blog post we discussed some of the ins and outs of major medical coverage in a no waiting period health insurance policy. Today we are going to cover some of coverages you may use on a more regular basis. Copays, prescription drug coverages, and some of the optional features you can choose if you so please. Let's dig in!
What the heck is a copay? A copay is pretty simple. You have to pay a copay for certain services. The most common copay you will see is when you visit the doctor. Some policies make you pay for the entire visit at the insurance company's discounted rate. Some policies will give you a set amount to pay. This could be anywhere from $20 per visit up to $50 per visit depending on your policy. Some policies offer the same copay for visits to your primary physician as they do for specialists like a cardiologist and some policies have separate copay options for specialists. You may also have a copay for visits to the urgent care or emergency room if you are not admitted as a patient to the hospital. Less common are copay options for things like surgeries and labs but some policies do use this option to help reduce the cost to you, the consumer.
Your no waiting period health insurance policy will also likely include prescription drug benefits. Depending on the policy you choose you may either have to pay for your prescriptions, at the insurance companies discounted rate, until you reach your deductible. Some policies have a copay option. This means you may pay $15 for generic drugs or $20 for generic, it all depends on your policy. The policy you choose will likely have a higher copay for more expensive drugs or drugs that are not prescribed very often.
Finally, some of the options you may choose to add to your policy are vision benefits, dental benefits, supplemental accident insurance, accidental death benefits, and term life coverage. We will review review all of these no waiting period health insurance additional benefits in our next post.
As always, feel free to comment, contact us by email, or visit our website if you have any questions and we will make sure to answer as quickly as possible.
Cheers!
What the heck is a copay? A copay is pretty simple. You have to pay a copay for certain services. The most common copay you will see is when you visit the doctor. Some policies make you pay for the entire visit at the insurance company's discounted rate. Some policies will give you a set amount to pay. This could be anywhere from $20 per visit up to $50 per visit depending on your policy. Some policies offer the same copay for visits to your primary physician as they do for specialists like a cardiologist and some policies have separate copay options for specialists. You may also have a copay for visits to the urgent care or emergency room if you are not admitted as a patient to the hospital. Less common are copay options for things like surgeries and labs but some policies do use this option to help reduce the cost to you, the consumer.
Your no waiting period health insurance policy will also likely include prescription drug benefits. Depending on the policy you choose you may either have to pay for your prescriptions, at the insurance companies discounted rate, until you reach your deductible. Some policies have a copay option. This means you may pay $15 for generic drugs or $20 for generic, it all depends on your policy. The policy you choose will likely have a higher copay for more expensive drugs or drugs that are not prescribed very often.
Finally, some of the options you may choose to add to your policy are vision benefits, dental benefits, supplemental accident insurance, accidental death benefits, and term life coverage. We will review review all of these no waiting period health insurance additional benefits in our next post.
As always, feel free to comment, contact us by email, or visit our website if you have any questions and we will make sure to answer as quickly as possible.
Cheers!
Monday, August 27, 2012
No Waiting Period Health Insurance - Pieces of the Puzzle Part 1
What are the individual pieces of a no waiting period health insurance policy? We will break down the pieces that make up a policy over this post and the next. This particular post will delve into the intricacies of the major medical portion of the policy. The next will discuss all the extras that go into a policy and even some options you can add if you please and depending on your budget.
The first benefit you will receive from having a no waiting period health insurance policy is repriced services from doctors and medical facilities. Depending on the arrangement your health insurance company has the doctor or the medical facility you could see up to a 75% discount for the services you receive. This will especially come in handy when you haven't reached your deductible. Once you have reached your deductible there may be some additional out of pocket expenses depending on the coinsurance option you decide to choose. Make sure to discuss this with your health insurance broker. You will want to choose a policy that both fits your budget and your needs. A policy won't do any good if you can't keep it.
Finally once your deductible is reached your major medical coverages will be paid for by the health insurance company 100%. There are both inpatient and outpatient services that will be covered. Some of the inpatient services covered include X-Rays and labs, inpatient facility services like room and board, ICU services, emergency room services, operating room expenses, recovery room expenses, prescriptions while you are confined to a hospital, physician visits and professional fees for doctors, nurses, and surgeons. Your policy will usually also cover other miscellaneous expenses you might incur while staying at a hospital.
The other major medical portion of a no waiting period health insurance policy is outpatient coverages. These include things like outpatient surgery. X-Rays and labs that may be associated with surgeries or are just routine due to an accident or illness. Surgeon and facility fees will be covered as well as hemodialysis, radiation, chemotherapy, transplant drugs, CAT scans, and even MRI's. Emergency room fees for both illness or injury will be covered. Some plans have copay for the emergency room while others may just pay after your deductible. There are also lots of other outpatient services that will be paid for.
As always, make sure to discuss the intricacies of each policy with your insurance broker. They can educate you about the nuances of the policy you choose. If you ever have any questions please comment below, feel free to email us, or visit our website. Thanks for reading.
Cheers!
The first benefit you will receive from having a no waiting period health insurance policy is repriced services from doctors and medical facilities. Depending on the arrangement your health insurance company has the doctor or the medical facility you could see up to a 75% discount for the services you receive. This will especially come in handy when you haven't reached your deductible. Once you have reached your deductible there may be some additional out of pocket expenses depending on the coinsurance option you decide to choose. Make sure to discuss this with your health insurance broker. You will want to choose a policy that both fits your budget and your needs. A policy won't do any good if you can't keep it.
Finally once your deductible is reached your major medical coverages will be paid for by the health insurance company 100%. There are both inpatient and outpatient services that will be covered. Some of the inpatient services covered include X-Rays and labs, inpatient facility services like room and board, ICU services, emergency room services, operating room expenses, recovery room expenses, prescriptions while you are confined to a hospital, physician visits and professional fees for doctors, nurses, and surgeons. Your policy will usually also cover other miscellaneous expenses you might incur while staying at a hospital.
The other major medical portion of a no waiting period health insurance policy is outpatient coverages. These include things like outpatient surgery. X-Rays and labs that may be associated with surgeries or are just routine due to an accident or illness. Surgeon and facility fees will be covered as well as hemodialysis, radiation, chemotherapy, transplant drugs, CAT scans, and even MRI's. Emergency room fees for both illness or injury will be covered. Some plans have copay for the emergency room while others may just pay after your deductible. There are also lots of other outpatient services that will be paid for.
As always, make sure to discuss the intricacies of each policy with your insurance broker. They can educate you about the nuances of the policy you choose. If you ever have any questions please comment below, feel free to email us, or visit our website. Thanks for reading.
Cheers!
Friday, August 24, 2012
No Waiting period Health Insurance - Can I afford it?
Simply, the answer is yes. Let's talk about why it is affordable though. There are three main reasons in my opinion. First is underwriting, second is benefits, and third is competition. We will delve into all of these a bit more.
Underwriting. What is it and what does it have to do with no waiting period health insurance? Underwriting is the act of determining the riskiness of an individual or family for a health insurance policy. It will account for previous ills, accidents, surgeries, medications, and also what the outcome of any diseases or sicknesses one may have had. did you have chicken pox as a kid? Probably. are there any lingering effects? Doubtful. If you have had cancer or a heart attack your outcome will be a much different story until the new healthcare laws go into effect. As long as you and your family have a clean or fairly clean bill of health you can be eligible for a health insurance policy without a waiting period.
Benefits is the second item. Some companies will put a waiver on certain conditions to make you eligible for the policy. The items that may be waived are all over the board. As an example let's say you have had kidney stones. The insurance company may waive kidney stones for a predetermined number of years. This is good because you can still have coverage for everything else you just have to wait for coverage to go into effect for a certain condition. Waivers normally fall off of the policy in 1-2 years. It just depends on the condition and sometimes the severity.
The third reason you can afford no waiting period health insurance is because of capitalism. Companies have to be competitive or the consumer will figure it out and go elsewhere. Health insurance companies only make money when they have customers. To get customers they must try to set themselves apart from their competitors and do it in a fashion that is competitive with other companies.
If you have any questions please comment and we will answer you as soon as possible or feel free to email us or you can always visit our website and contact us there.
Cheers!
Underwriting. What is it and what does it have to do with no waiting period health insurance? Underwriting is the act of determining the riskiness of an individual or family for a health insurance policy. It will account for previous ills, accidents, surgeries, medications, and also what the outcome of any diseases or sicknesses one may have had. did you have chicken pox as a kid? Probably. are there any lingering effects? Doubtful. If you have had cancer or a heart attack your outcome will be a much different story until the new healthcare laws go into effect. As long as you and your family have a clean or fairly clean bill of health you can be eligible for a health insurance policy without a waiting period.
Benefits is the second item. Some companies will put a waiver on certain conditions to make you eligible for the policy. The items that may be waived are all over the board. As an example let's say you have had kidney stones. The insurance company may waive kidney stones for a predetermined number of years. This is good because you can still have coverage for everything else you just have to wait for coverage to go into effect for a certain condition. Waivers normally fall off of the policy in 1-2 years. It just depends on the condition and sometimes the severity.
The third reason you can afford no waiting period health insurance is because of capitalism. Companies have to be competitive or the consumer will figure it out and go elsewhere. Health insurance companies only make money when they have customers. To get customers they must try to set themselves apart from their competitors and do it in a fashion that is competitive with other companies.
If you have any questions please comment and we will answer you as soon as possible or feel free to email us or you can always visit our website and contact us there.
Cheers!
Tuesday, August 14, 2012
No Waiting Period Health Insurance - What is it?
We all know what health insurance is, or at least everyone feigns they have at least some grasp of what a health insurance policy is. Many of them share the same characteristics and seem to be built on, pretty much, the same frame. No waiting period health insurance is basically no different minus a few caveats.
What is the same, you might ask? Well, it will still be a PPO plan or an HSA plan. It will still have major medical coverage and pay for emergency room visits and surgeries. It will still have doctor visits coverage and prescription riders. You will even still be able to add odd and ends to it like dental or vision coverage if the company offers those options. The premium will even be comparable to another plan. There will only be one major difference. As long as you qualify, meaning your underwriting is clean, you will have coverage quickly with no waiting periods. some companies even offer coverage the next day.
The next question is, obviously, how do I qualify for no waiting period health insurance? It's pretty easy. You will want to ask your broker which companies offer it. Secondly you will want to apply for coverage. Third, your underwriting must be clean. No surgeries or major illnesses in the last 10 years. No prescriptions except for maybe a seasonal allergy prescription. Some companies will offer you automated underwriting when your application is clean and some will offer expedited underwriting when this happens.
As always if you have any questions please feel free to comment or email us and we will be happy to answer your questions, gratis!
10/08/2013 Update
It is important to know that now that the Affordable Care Act has taken place it is now possible to sign up for health insurance regardless of pre-existing conditions. You can begin the sign up process today but no policies will take affect until at least January 1st, 2014. If you need help please call or email us and we will help you. The government website has been down intermittently for repairs. Finally, know that you do not necessarily have to sign up on the exchange. You may sign up for a non-grandfathered plan if you are healthy and it may actually be less expensive.
What is the same, you might ask? Well, it will still be a PPO plan or an HSA plan. It will still have major medical coverage and pay for emergency room visits and surgeries. It will still have doctor visits coverage and prescription riders. You will even still be able to add odd and ends to it like dental or vision coverage if the company offers those options. The premium will even be comparable to another plan. There will only be one major difference. As long as you qualify, meaning your underwriting is clean, you will have coverage quickly with no waiting periods. some companies even offer coverage the next day.
The next question is, obviously, how do I qualify for no waiting period health insurance? It's pretty easy. You will want to ask your broker which companies offer it. Secondly you will want to apply for coverage. Third, your underwriting must be clean. No surgeries or major illnesses in the last 10 years. No prescriptions except for maybe a seasonal allergy prescription. Some companies will offer you automated underwriting when your application is clean and some will offer expedited underwriting when this happens.
As always if you have any questions please feel free to comment or email us and we will be happy to answer your questions, gratis!
10/08/2013 Update
It is important to know that now that the Affordable Care Act has taken place it is now possible to sign up for health insurance regardless of pre-existing conditions. You can begin the sign up process today but no policies will take affect until at least January 1st, 2014. If you need help please call or email us and we will help you. The government website has been down intermittently for repairs. Finally, know that you do not necessarily have to sign up on the exchange. You may sign up for a non-grandfathered plan if you are healthy and it may actually be less expensive.
Monday, August 13, 2012
No Waiting Period Health Insurance - Where can I find it?
Health insurance. Something we all need but something none of us really want to take the time to research, quote, buy, and then wait. Wait for underwriting to complete. Wait for the benefits to kick in or just wait to receive the answers we are looking for. There are solutions and they are easy. We will outline a few ways to find no waiting period health insurance that will save you a lot of time and possibly fistfuls of hair.
First, gather all of the information you will need to get quotes. You know you will need the usual name, address, and date of birth. Make sure to have this for everyone you will need on your application. Some other items you will want to know are medical conditions, surgeries, medications and dosages, as well as the facilities you used for any surgeries and about what month and year anything may have happened. This can be difficult so educated guesses are permitted.
Secondly, have a cursory idea of a few things. Have in mind what your budget is. If you are going to buy health insurance you don't want to be cancelling it the next month because you bought more than you can afford. This may sound silly to you but many people do it or are talked into buying more than they need. Also, have an idea of what benefits are on your "gotta have it" list. If you MUST have doctors visits paid for be sure to voice that to whoever you speak with.
Finally, let a broker shop for you when you go to look for no waiting period health insurance. They can shop the competition for you so you don't have to call, email, or quote several companies on your own. They also know who will give you the best bang for your buck and they will be your intercessor if you ever have a problem. Don't worry about being gouged on price by using a broker either. Prices are set by state and a broker can not give you a better or worse price than going directly to a company. You will also help a small business.
If you have any questions feel free to comment below or email us and i will be happy to offer some advice. Gratis, of course!
First, gather all of the information you will need to get quotes. You know you will need the usual name, address, and date of birth. Make sure to have this for everyone you will need on your application. Some other items you will want to know are medical conditions, surgeries, medications and dosages, as well as the facilities you used for any surgeries and about what month and year anything may have happened. This can be difficult so educated guesses are permitted.
Secondly, have a cursory idea of a few things. Have in mind what your budget is. If you are going to buy health insurance you don't want to be cancelling it the next month because you bought more than you can afford. This may sound silly to you but many people do it or are talked into buying more than they need. Also, have an idea of what benefits are on your "gotta have it" list. If you MUST have doctors visits paid for be sure to voice that to whoever you speak with.
Finally, let a broker shop for you when you go to look for no waiting period health insurance. They can shop the competition for you so you don't have to call, email, or quote several companies on your own. They also know who will give you the best bang for your buck and they will be your intercessor if you ever have a problem. Don't worry about being gouged on price by using a broker either. Prices are set by state and a broker can not give you a better or worse price than going directly to a company. You will also help a small business.
If you have any questions feel free to comment below or email us and i will be happy to offer some advice. Gratis, of course!
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