If you currently have health insurance coverage through your employer -- especially if it's a large corporation that pays most if not all of the premium -- you can click off to something more entertaining. You're fortunate to be in such a good situation.
If you have a policy through the Obamacare Marketplace/Exchange, you might want to continue reading, because it's really starting to look like Obamacare-as-we-know-it is imploding. Many of the larger insurance companies have abandoned ship, and more are sure to follow. The cost of those policies is expected to rise substantially in 2017, even if you're getting subsidies. And the average deductible is expected to go up to over $7,000 per person.
If you work for a small company and pay some or all of your health insurance premium yourself, or if you currently have no health insurance coverage, read on. This is for you.
Non-Obamacare Health Insurance
Not all insurance companies chose to go the Obamacare route when the "Affordable Care Act" was enacted. Some companies continued to offer what I refer to as old-school health insurance.
I work with one such company. We provide a health insurance policy called Private Plan 364.
What does PP-364 offer?
1. Lower -- much lower -- premiums. Rates are typically 35-50% less than ACA plans.
2. Lower deductibles. Most people choose a $1,000 or $2,500 deductible. Compare that to the high current and expected average deductibles of Obamacare plans.
3. One of the largest physician/hospital networks. The company will pay claims to any of over 850,000 doctors and thousands and thousands of hospitals. You are not confined to a regional or metropolitan area of service providers, as you would be in many ACA plans.
4. It pays even if your doctor or hospital isn't in the network. (It's highly unlikely you'll find a doctor or hospital who isn't in the network.)
5. This plan is available any time of year. You don't have to wait for an "open enrollment" season like you do with ACA-plans.
PP-364 is currently available to residents of Alabama, Arkansas, Arizona, Georgia, Illinois, Louisiana, Missouri, Mississippi, North Carolina, Nebraska, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, and Texas. More states will be come aboard soon.
It can be purchased by individuals and their families, and it can also be purchased by a small company (under 50 employees) for its employees. It's portable, meaning if a new employee is added to the payroll he or she can be added, and if an employee leaves the company he or she can take the policy with him or her.
If you would like a brochure outlining how this plan works, or would like a rate quote for you and your family, shoot me a private message.
The cost of medical services continues to rise, and not having adequate health insurance when an unexpected accident or illness occurs can bankrupt you. As some of you know, I have always been quite healthy, until one day in 2010 I suddenly wasn't. What I thought was the flu turned into a 20-day hospitalization including six surgeries to battle flesh-eating bacteria. That cost an insurance company over $130,000. Financially, all it cost me was the low deductible and the price of the monthly premiums.
A friend spent four days in a hospital a few years ago after being bitten by a snake. It cost her insurance company over $58,000. One of my clients, previously uninsured until he bought the PP-364, felt bloated and weak and went the E.R. It turned out to be a heart issue and so far, his bill tops $70,000. Another client was recently diagnosed with cancer. We're all thankful he is covered.
Here are some example monthly rates for a female non-smoker in Georgia. They include dental coverage. Rates for men are lower initially than for women, but are slightly more after about age 55.
30-year old: $142
40-year old: $184
50-year old: $256
60-year old: $354
Each child, up to age 25, would be about $55/month.
If you know someone who could use this information, please pass it on to them. Please share this on your timeline. Sure, some people will gripe about a "commercial" on Facebook, but also, someone will probably thank you one day for sharing this.
I also have available stand-alone dental and vision plans, as well as a Basic Benefits PPO (500,000+ providers nationwide) package which includes doctor visits, certain outpatient services, and unlimited no cost telemedicine consultations.
I'm happy to send you a brochure (PDF) about PP-364 and a rate quote. Just ask.
Call me at
• Independent Life & Health Insurance Agent
• LegalShield & IDSheld Independent Associate & Director