Category Miscellaneous

The White house is getting ready to launch a new campaign to sell the public on health care reform that was passed.  This is going to be a difficult sell.

Being a health insurance broker dealing  with all types of health plans and I have major concerns about the reform.

As of right now, I don’t know how you can sell the health care reform when we do not have explanations or interpretations of the entire bill. One of the biggest issues of right now is Grandfathered plans. Obama said that if you wanted to keep your health plan  you could. Well its not looking that way now. Right know the Gov. is unable to give an a clear view of what a grandfathered plan is. There should be explanations by now.

There are positive about the health care reform. The guaranteed issue is going to be huge for people suffering from disease. The only problem is are they going to be able to afford the premium or will the Gov. have to subsidize it?

When it comes to the exchanges that are going into place 2014. What carriers are going to participate?  The White house has demonized the health insurance industry so much how will they get them to cooperate?

I am very interested to see how the current adminstration can sell the public on why this is such a great bill.

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Community Living Assistance Services and Support (CLASS)

This act is a government sponsored long-term care plan that offers a basic level of guaranteed issue coverage to working Americans. It works like social security where you pay in advance for the benefit.

Many of the details are still in development. As of right now the plan:

  1. Can be offered by employers.
  2. Could allow automatically enrolling all actively at work employees or offering on a voluntary basis.

Premiums would be paid through a payroll deduction except for:

  • The Self-Employed.
  • Employees that want coverage but their employers do not offer it.

Additional Information

  • Class has a mandatory 5-year vesting period before any benefits can be paid.
  • Has no set premium yet. Estimates run from the mid $100-$200+ per month.
  • Will pay a daily benefit of $50 to covered individual if they lose at least two ADLs or have significant cognitive impairment.
  • May pay up to $75 a day or more on the level of ADL loss.
  • Includes a benefit that will be payable for life if the individual remains ADL disabled.
  • Has a benefit that will be adjusted for inflation.
  • The Class Act is not disability coverage. This act is designed to help cover cost associated with Activities of Daily Loss.

Cost of Care Estimates (Annually)

Home Care:                                    $25,000+

Assisted Living Facility:                    $41,000+

Nursing Home Semi Private:      $72,000+

Nursing home Private:                       $81,000+

With the cost of care so high one should look into a Long Term Care policy to go along with the Class act.

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As the explosion of health insurance sales online continues buyers need to be aware. Almost everyday I speak with a potential client that has received quotes online and thinks they are buying a certain type of plan. What they are actually buying is a plan that has limited benefits. This could be an honest mistake from the agent  or it could be something far more serious.
There has been a flood of new insurance agents to the industry that specializes in online sales. These agents do not or will not meet face to face with their clients. They just “churn and burn” personal policies. These types of outfits offer no customer service and have a lack of knowledge in product.
They might quote you plan for $140 a month and you think you are buying a plan that is valued at $300 a month. With online application many people are not looking at the plan they are applying for and over the phone they are being told they are buying another plan. So the plan that you think is such a great deal turns out to be a nightmare. Plans that have $3,000 max prescription drug benefit per year or only pays $25,000 a year on inpatient services.
These types of plans can be devastating should you end up need more than the benefit pays.
Its very important to choose an agent that has knowledge in the industry and is willing to meet with you. You want to buy a policy from an agent that is successful because they value what they sell and they value their reputation.

As the explosion of health insurance sales online continues buyers need to be aware. Almost everyday I speak with a potential client that has received quotes online and thinks they are buying a certain type of plan. What they are actually buying is a plan that has limited benefits. This could be an honest mistake from the agent  or it could be something far more serious.

There has been a flood of new insurance agents to the industry that specializes in online sales. These agents do not or will not meet face to face with their clients. They just “churn and burn” personal policies. These types of outfits offer no customer service and have a lack of knowledge in product.

They might quote you plan for $140 a month and you think you are buying a plan that is valued at $300 a month. With online application many people are not looking at the plan they are applying for and over the phone they are being told they are buying another plan. So the plan that you think is such a great deal turns out to be a nightmare. Plans that have $3,000 max prescription drug benefit per year or only pays $25,000 a year on inpatient services.

These types of plans can be devastating should you end up need more than the benefit pays.

Its very important to choose an agent that has knowledge in the industry and is willing to meet with you. You want to buy a policy from an agent that is successful because they value what they sell and they value their reputation.

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As many of you may already have noticed, we launched a new website today with the goal of easily providing quotes to both individual and business customers. The website, designed by Dan Root, is built strictly in cascading style sheets (CSS) and has many search engine friendly features that are designed to increase search visibility. The layout of the site is intended to work on all browser platforms equally and can even be viewed on mobile phones. Feel free to leave us some feedback about the new website.

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