How many policyholders will receive rebates and how much will they be? The initial estimates are that about 15 million plus members will receive rebates in the Summer of 2012 for 2011 premiums paid. This equates to about a third of all policyholders who have either individual or family health [...]
Most people don’t realize that healthcare reform might make them eligible for a rebate on the premiums they’ve paid for their health insurance policies since the law was passed. Here are the details: Starting in 2011, the Patient Protection and Affordable Care Act will require health insurance carriers to spend [...]
Here’s one more point I’d like to make. For any parents out there with an employer group plan, you should compare the cost of adding your adult Son or Daughter to your group plan vs. buying a comparable plan in the private Texas health insurance market. You’ll find that the [...]
Our current administration claims that this is one of the best outcomes of the Affordable Care Act and that millions of children and young adults now have coverage as a result of this provision. Now parents can place their adult dependents, up to age 26, on their employer group plans [...]
Option 3: Your spouse may have access to a group insurance plan through their employer. While you may not be covered at the time you find out you're pregnant, you can always add yourself to the plan asap. This is will be a very expensive option in regards to the [...]
The short answer is, no you can't, but there are are several options if you're willing to think outside the box. Option 1: Purchase a Health Savings Account policy (HSA policy). While HSAs will only cover complications of pregnancy (ectopic pregnancy, emergency c section, etc.), the funds deposited in your [...]
Blue Pathways by BCBS of Texas Since our agency is located in Texas, we'll keep this tip for Texas residents only, but your State may have similar offerings by their insurance carriers. This is a child-only policy with limited enrollment period option and the window close on June 30th. This plan [...]
(Part 1) There are several viable options depending on your actual need. Employer Group Health Insurance The first option, if available to you through your employer, is to add the child to your employer’s group health insurance policy. Many of you will find this a very expensive option. The ultimate cost [...]
In addition, with group health insurance, an employer generally offers only 1-3 plan choices and that's it. Take it or leave it. With Selected Benefits, we can place you with any type of plan you desire at any price point. Here's a recent example with one of our clients: Stanley [...]
Since health insurance rates have increased quite a bit due to healthcare reform, many of our clients have chosen to purchase a higher deductible health insurance policy (which comes with a lower monthly premium) in conjunction with an accidental injury plan and a critical illness plan. If you have a [...]