| |
|
|
Your Family's Health Insurance is Your Greatest Financial Risk
More than half of the 2 million U.S. families who file for bankruptcy each year do so because of medical bills. Three-fourths of these families had traditional employer health insurance when they became ill--insurance they lost when they could no longer work.
In contrast to employer-sponsored health benefits, approximately 14 million Americans currently have individual or family plans that they purchased directly from a major insurance carrier, like BlueCross BlueShield, in their state.
Individual/family plans cost 1/3 to 1/2 the price of employer-sponsored plans for similar coverage.
This is because, thanks to recent legislation, in 46 states insurance carriers now offer substantial discounts on individual/family policies to the 80-90% of healthy applicants.
Once you have an individual/family plan, your premium generally cannot be increased, nor can your policy be cancelled, because of a new illness.
In most cases, your monthly premium can and will only be increased with your age and general medical inflation.
You can purchase an individual/family health insurance policy directly from a carrier in your state, online, or through a licensed health insurance agent. You cannot be charged more for using an agent.
Choose an agent who represents all the major carriers in your state, who can help you fill out the application, and advise you so you do not get rejected, uprated (higher premium), or accepted with an exclusion for a preexisting medical condition.
Being rejected or uprated could affect your future eligibility for health insurance.
If you are self-employed the premium on your individual/family policy is now 100% tax deductible.
If you are employed, your employer is allowed to reimburse you tax-free for your premium--instead of making you participate in an expensive employer-sponsored group plan.
Call or email us now to discuss getting your family an affordable, permanent, and portable individual or family health insurance policy.
|
|
|
|
Permanent vs Temporary  Coverage
- Employer coverage ends when you quit, retire or are fired
- Individual/Family coverage is yours to keep until age 65 (Medicare), even when you change jobs
- Employer coverage goes up every year with last years claims, or can be cancelled
- Individual/Family coverage cannot be cancelled for illness or high claims
- Individual/Family premiums can generally only be increased with age and general medical inflation
Much Less Expensive - Save Money
-
Individual and Family policies cost only 1/3 to 1/2 as much as employer coverage for same benefits for 80-90% of healthy applicants
-
Premiums generally cannot be increased for future illness, nor can policies be cancelled because of claims
Save $100-$400/month by switching your spouse
and children to an Individual/Family Plan |
|
-
Even if you get free health insurance from your employer, save up to 50% on your spouse or children by moving them to an individual/family plan (often with the same carrier or doctor network)
-
Health Savings Account (HSA) and other high-deductible options let you save for your retirement
-
Save even more by choosing only the specific benefits and doctor networks you really need (maternity, psychiatric, etc.)
Individual/Family is Now Available for Family Members with Preexisting Medical Conditions, Regardless of Income
- 39 million Americans receive Medicaid (poverty), 47 million Americans receive Medicare (seniority), and now all states have state-guaranteed coverage for people with preexisting medical conditions--regardless of their level of income
Pat Robertson calls
State-Guaranteed Coverage "the best
kept secret in U.S."
(video) (text) |
 |
- In 40 states, the only qualification is having been rejected or uprated (charged more) by a private insurance carrier, or in some states just having a letter from a licensed agent that this would occur if you applied
- State-guaranteed coverage is typically the same BlueCross BlueShield type coverage you'd purchase yourself, except the state pays your carrier for any losses
- State-guaranteed coverage typically costs per person 100%-150% more than regular coverage, but only for the family member with the illness--so a typical family pays only 25%-40% more for all family members combined
- Learn more about state-guaranteed coverage and your rights if you have a preexisting medical condition
|
|
|
