Health insurance can be confusing and it feels like the rules are constantly changing. How do you get the best protection for the right price? This is what I love to help people figure out.
So what should YOU do? Well it depends. Do you need individual coverage for yourself and your family? Do you own a business? Are there health issues to worry about? These questions give us a good starting point.
Health Insurance for Individuals
If you need coverage just for yourself, or you have a family to cover, there are several options for individual health coverage. Have you just lost coverage from a job situation or have a recent life change (marriage, birth of a child, just moved here, etc)? We might start by looking at what is available through the ACA (Obamacare) at healthcare.gov.
If you have no pre-existing health issues and want to save up to 50% of the cost of an Obamacare plan, I have a great option called a Fixed Benefit Health Plan. These plans pay for your healthcare at a predetermined amount, from doctor visits to prescriptions to major surgeries and hospital stays, without having to meet a deductible. You pick and choose the coverage you want, usually at a fraction of the cost of a traditional plan.
Another option is short-term health insurance. This is a good product to get you through a gap in coverage, up to 3 years at a time. These plans usually have a high deductible and will not pay for anything pre-existing.
One thing I always ask people who are looking for individual coverage is to tell me about their work situation. Often we find that group health insurance is the solution because there are many ways to make it work, both for the individual and the employer.
Health Insurance for Groups
Whether you are an employer looking for a better plan, or one who is just now considering offering one, I would love to help. Some plans do not cost the employer anything to participate. Groups can be as small as two employees.
We can offer plans that work well with an HSA (health savings account), an HRA (health reimbursement account), or an FSA (flexible spending account).
Pre-taxing benefits is another great option. We can set up a Section 125 cafeteria plan for your employees and they can have their health insurance deducted from their paychecks on a pre-tax basis, which not only saves them money but saves you money.
Let’s talk about your situation.
Related Links:
“How to Get the Most Out of Your Health Insurance”