Health Insurance Facts
-
America’s Choice $500K Plan
The America’s Choice 500K Plan plan is a fixed indemnity co-pay plan. The difference with this indemnity plan is that it offers co-pay’s through the PHCS network. There is a $500,000 yearly benefit limit, meaning anything beyond that the client will be responsible for. You have 10 Dr visits each year per person. There is pharmacy coverage offered with this plan, but not all meds will be covered. To help off-set the potential out of pocket there are supplemental plans, such as an accident plan from MedElite or a hospital plan from AllState. This plan is great for those healthy individuals who are wanting a plan for “what if’s” of…
-
Health Insurance Terms
Health Insurance is something we all need but it is not necessarily something we all understand. Let’s try and understand it a little more with some fun Health Terms. Cobra A health insurance program that offers eligible employees and their dependents extended health insurance coverage for the plan they’re on, in the event that they lose their job or their hours are reduced. It stands for the Consolidated Omnibus Budget Reconciliation Act of 1985, which is the law that first introduced COBRA insurance Coinsurance A percentage you’ll pay for covered health services after you’ve met your annual deductible. Many plans offer 80/20 coinsurance, covering 80% of the cost of a…
-
Medical Debt … It doesn’t have to happen
Health Insurance can definately be confusing & frustrating, but if you don’t have it or have the wrong plan it can be devastating. You can rack up thousands if not more in medical debt without a plan or the right plan. Medical Debt – #1 Reason I think you need insurance Several studies in the last decade have consistently cited medical debt as one of the main reasons individuals file for bankruptcy. Let’s think about that for a few minutes…out of all the bankruptcies in the US one of the main reasons is because of medical debt. It doesn’t have to be that way. What are your options? There are…
