We have been looking through the fine lines of the Affordable Care Act trying to find a solution to the Family Glitch where low income employees are forced to accept the employer’s health insurance plan and end up paying 30-70% of their income to cover their family for a health plan simply because they do not qualify for assistance on the health exchange, No more; A well-educated employer can help his employees get the coverage they need at rates they can afford while saving lots work hours dealing with all the related administrative work. Talk to us today and let us show you how the numbers crunch 209-812-4026.
It can be so confusing to select the perfect health plan for your self and your family’s needs. But it all comes down to a few things that you have to analyze before signing on the dotted line. Here are some tips that will help you find the one that fits just right!
Tips for Selecting the Best Health Insurance Plan
Know Your Needs – Every one is different and every family has different needs. Those needs can range from requiring specific care for certain illnesses, coverage for frequent doctors visits, affordable co-pays, and more. Make a list of what is most important to you before deciding on a plan.
Learn about HMO’s and PPO’s – There is a difference between HMO’s and PPO’s and knowing which is best for you is important. An HMO allows you to see one doctor who is your primary physician. This doctor handles all of your care including referrals to specialists. Your co-pays may be lower overall, but higher co-pays to specialists.
A PPO allows you to have a primary care doctor, but you can also see a specialist without prior authorization. You do pay more in co-pays, but you have more flexibility to see whom you choose.
Learn About Wellness Programs – Some health plans are focusing on wellness programs to help offset illness. You will find programs for stop smoking, weight loss, immunization plans, physical activity, and more. These may benefit your family.
Learn About Basic vs. Extended plans – Not only for Medicare, but also for regular health insurance, learning about what the policy provides will help you choose the right plan.
Basic care will provide for Basic Care, Preventive care, Hospital stays, some durable medical goods, some physical therapy and other basics.
Extended plans will include coverage in some foreign countries, lower deductibles, and coverage of some fees.
Don’t Forget Add-ons – Coverage for the entire body is something that you need to think about. You may need to add on policies for dental, vision, and disability coverage to make sure everything is in place for your lifestyle.
Need help deciding your best plan? That is what I do. Contact me for assistance in Central California and together we will find the perfect plan for you and your family.
Have you ever had an insurance review? Many insurance agents and companies suggest that you should review your policies at least once a year. I feel the same way. You may be asking, “What is an Insurance Review?”
An insurance review occurs when you sit down with a qualified insurance agent and go through each one of your policies to make sure that your coverage’s are adequate for the assets that you are insuring.
So how does a review help you? Let’s take a look.
How to Use an Insurance Review to Your Best Advantage
Sitting down with a licensed insurance agent to review all of your policies is a great idea. Even if the agent did not sell you the original policies, things change in our lives year after year and you need to make sure you still have adequate coverage for your assets as well as making sure you are not over insured, which can cost you money.
When you come for an insurance review, bring with you copies of your policies for all of your assets – Home; Renters; Auto; Personal riders, like Jewelry and collectibles; RV; Motorcycle; Health; Supplemental policies like Disability, Dental, Vision; Life; Commercial; and any others you may have.
When reviewing the policies, the agent will ask you a series of questions regarding your coverage needs. Expect to answer questions like:
• Current value of your home
• Current value of your home’s content
• Any collectibles or high value items you may have
• Changes or upgrades you may have done to the home
• Deductible information and values
• Specialty coverage needed
• Family size and ages
By looking at each policy one on one, your agent will determine whether you have the right coverages for your individual situation and lifestyle.
For instance, many times the value of a property has changed and coverage is over inflated. In those instances you end up paying more than you need to. Or maybe you did some upgrades which could lower your insurance rates.
You may have gotten health insurance online and are paying more than you need to because of the way you answered questions. Perhaps your income has changed and you are now eligible for different policies that can save you money. Maybe you have your deductibles set too low and you are paying premium rates.
Having a review of your policies once a year just makes sense. You can make sure that you are covered for the things you and your family needs to be covered for. Plus you can ensure that you are not paying for coverage that you do not need. Perhaps you are missing coverage on critical items.
Sitting down with a licensed insurance agent is going to allow you to become educated on your policies to make sure you have what you need when you need to use your insurance. Finding out that you have not enough insurance at the time you need to use it is not the best timing.
I offer no obligation insurance reviews. Call me today and let’s make sure you have exactly what you and your family needs.