HealthCompare Insurance - Understanding other types of insurance
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HealthCompare Insurance - Understanding other types of insurance

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Understanding your options when it comes to Health Plans or Health Insurance can be a complicated experience, especially if you are unfamiliar with your options. HealthCompare has put together this ...

Understanding your options when it comes to Health Plans or Health Insurance can be a complicated experience, especially if you are unfamiliar with your options. HealthCompare has put together this slideshare to help you navigate and know your options. Learn more at HealthCompare.com

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  • John & Mary, many people do not realize that insurance costs the same no matter where you buy it as it is regulated by the state. The advantage of working with an agent is that you have someone on your side making sure you get what you are looking for at the best price available.The advantage of working with me versus other agents is I actually work with the largest selection of carriers available. What I mean by this is most agents only work with just two or three companies and then try to find reasons why you should buy one of those companies. It is more important to me that you actually get the plan you need regardless of which company it is with. I am sure you are tired of having to shop for insurance, right?Well, you can feel comfortable that today we will find the best plan for you and you won’t have to keep shopping around. Would that be okay with you?
  • As I mentioned, we work with the largest selection of insurance companies. This is the list of companies we currently represent. Did you realize there were so many of them? It is nice to know that we are checking with all of these companies to find you the right plan and not just two or three, isn’t it? Of course it is.Who are a couple of people that you know that are struggling trying to find insurance right now? Are they open minded people? Do you think they would mind if I sent them a letter or email?Great. What are their names and address or email address?John & Mary, the information I will go through should answer most of your questions,   Option 1. But I would like you to use this notepad to write down any questions that come up so we can address those at the end. Would that be okay? GreatOption 2. But if you have a question, stop me, because I can only help if this makes sense. Fair enough? Great.

HealthCompare Insurance - Understanding other types of insurance HealthCompare Insurance - Understanding other types of insurance Presentation Transcript

  • No two plans are exactly alike…
    HealthCompare.org
    • There are the main plans, like Indemnity Plans and Managed Care Plans.
    • And there are other, more niche, insurance plans.
    HealthCompare.org
  • Niche plans include:
    • Discount Medical Plans
    • Short-term Insurance
    • Critical Illness Insurance
    • Disability Insurance
    • Worker’s Compensation Insurance
    • Travel Insurance
    HealthCompare.org
  • Discount Medical Plans can help if you don’t have other insurance...but are not a replacement for more extensive coverage.
    HealthCompare.org
    • WARNING: Discount Medical Plans are NOT insurance.
    • When you buy membership, you are buying access to a roster of care providers that offer significant discounts to members.
    • So, be wary of advertising claims such as, “no deductible or co- pay,” or “pre-existing conditions covered.”
    HealthCompare.org
  • Reputable plans can help people who can't afford or find insurance get discounted rates.
    Discount medical plans may lower your out-of-pocket costs, but they will not protect you from the financial costs of a medical emergency.
    HealthCompare.org
    • Short-term health insurance can offer low-cost protection to cover the gap for people transitioning from one insurer to another.
    HealthCompare.org
  • Who might need short-term?
    • People leaving home for the first time
    • A part-time employee
    • People in need of student health insurance
    • Students graduating from college
    • People taking early retirement
    HealthCompare.org
    • Short-term policies provide low-cost coverage and can be purchased in one-month increments, usually providing coverage of up to $1 to $2 million per person.
    HealthCompare.org
    • An increasing number of insurers now offer short-term health policies and compete for business through very competitive plans.
    • You can find and compare these plans on HealthCompare.org.
    HealthCompare.org
    • Traditional health insurance does not cover lost wages or similar costs that can arise during illness.
    HealthCompare.org
    • Contract terms for a critical illness supplemental policy have specific rules that define when a diagnosis of a critical illness is considered valid. In most cases, a physician will need to confirm it before this type of insurance kicks-in.
    HealthCompare.org
    • Consider Critical Illness Insurance if you are worried about the bulk costs of a major injury or illness.
    HealthCompare.org
    • There are two kinds of Disability Insurance:
    1. Short-term
    2. Long-term
    • When you begin considering this coverage, think about how long you’ll need it.
    HealthCompare.org
    • Short-term disability insurance provides an income for the initial stages of disability, paying benefits for a defined length of time that might be as few as two weeks or as long as two years.
    HealthCompare.org
    • Employers typically include short-term disability as part of an employee benefits package.
    HealthCompare.org
  • Long-term Disability Insurance
    • Long-term disability insurance helps replace income for long periods of time.
    • Benefits generally end after five years or when the disabled individual turns 65.
    HealthCompare.org
    • Worker’s compensation insurance protects employers from lawsuits resulting from workplace accidents.
    • Worker’s compensation is required in nearly every U.S. state, although state laws vary for the governance of workers compensation.
    HealthCompare.org
  • What benefits does worker’s comp provide?
    • Medical care to employees injured on the job and compensation for lost income.
    • In the event of death, worker's
    compensation will disburse benefits
    to surviving spouses and dependents.
    HealthCompare.org
  • There are two things you should keep in mind
    when considering worker’s compensation
    insurance. . .
    HealthCompare.org
    • Worker's compensation insurance is not part of any health insurance policy or group plan and must be purchased separately by employers.
    • Worker's compensation is a "no fault system," meaning you cannot later sue your employer for further damages.
    • Travel health insurance coverage can be as flexible as your traveling schedule.
    • Plans range from as few as five days or for time periods lasting over a year.
    • If you are planning to be out of the country for more than six months, you need a long term health coverage plan.
    • Typically these plans provide coverage for accidents, emergencies and illnesses.
    • If you seek medical attention for existing conditions while you are abroad for a condition you already have, some plans may not cover all of those costs.
    HealthCompare.org
  • Who is HealthCompare?
    HealthCompare is your online one-stop-shop for health insurance where you can research and compare plans online from over 150 national carriers.
    HealthCompare.org
  • We Promise:
    • To give you the best results for YOU, we never promote one carrier over the other.
    • We just assess your needs and show you your best options from national carriers with plans in your area.
    Our
    Promise
    HealthCompare.org
  • Our Commitment is to YOU:
    As a division of The Word & Brown Company who has been the leading source for small group health insurance for over 20 years, we have leveraged technology to build an easy-to-use research tool, supported by a world class customer service team.
    #1
    HealthCompare.org
  • 1. You can enter your information anonymously
    HealthCompare.org
  • 2. You can review your plan options online in seconds
    HealthCompare.org
  • 3. You can even compare plans side-by-side
    HealthCompare.org
  • 4. Then, you can apply online or call one of our trained Benefits Advisors for help!
    HealthCompare.org
  • Call toll free
    877-641-1101
    to speak to a trained
    Benefits Advisor
    or…
    Go to HealthCompare.org today!
    HealthCompare.org