How can I lower my Monthly Health Insurance Premiums?


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We, at HealthCompare, field calls everyday from people asking us how they can lower their premiums but still get a good level of coverage on their health insurance. We have put together this easy to follow slide presentation to help answer the most common questions

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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.
  • How can I lower my Monthly Health Insurance Premiums?

    1. <ul><li>Insurance costs are regulated by your state and can not be changed.
    2. The difference in costs varies between carriers but can’t be changed by the broker.
    3. Understanding the different types of plans is critical because you might end up paying for more insurance than you need or worse, you might not have as much insurance as you thought.</li></ul><br />
    4. Understand The Basics<br /><ul><li>Terms
    5. Plan Options</li></ul>2. Compare Plans From Carriers<br /> in Your State<br />3. Don’t Buy More Than You<br /> Need<br /><br />
    6. Welcome to Understanding Health Insurance 101<br /><br />
    7. Co-insurance is the shared expense between you and your carrier for medical expenses, expressed as a percentage. <br /> For example, 80/20 means if you went to the emergency room, the carrier would pay 80% and you would pay 20%.<br /><br />
    8. Co-pay is a fixed dollar amount that you pay towards medical expenses and varies if you:<br /><ul><li>Seek treatment outside of your network
    9. Choose to see a specialist</li></ul><br />
    10. Your deductible is the total amount of money you need to pay before your health insurance provider pays.<br /> For example, if your deductible is<br /> $500, you must pay the first $500 of<br /> your healthcare costs before your<br /> carrier starts paying its share.<br /><br />
    11. Your out-of-pocket cost is the amount you will have to pay for covered medical expenses within one year, including:<br /><ul><li>Co-pay
    12. Co-insurance
    13. Deductibles</li></ul><br />
    14. <ul><li>Maximum Out-of-Pocket applies to the covered medical expenses you must pay for annually.
    15. Lifetime Maximum is the largest amount your health insurance company will pay for your covered health costs over your lifetime.</li></ul><br />
    16. HMO (Health Maintenance Organization)<br /><ul><li>Insurance company determines care provider
    17. May be limited with coverage area or available doctors
    18. Limited number of specialists
    19. Typically limited care options</li></ul>=<br />HMO<br />PPO(Preferred Provider Organization)<br /><ul><li>You determine care provider
    20. Typically national coverage
    21. Options for any specialist
    22. Options for best available care</li></ul>=<br />P<br />P<br />O<br /><br />
    23. <ul><li>Increase your deductible
    24. Make healthy lifestyle choices
    25. Review the PPO vs. HMO options in your area</li></ul><br />
    26. <ul><li>Set higher annual maximums
    27. Choose higher co-pays
    28. Increase your co-insurance %
    29. Shop your employer rate plan vs. buying yourself (many times you are paying for benefits you don’t need)</li></ul><br />
    30. Who is HealthCompare:<br /> HealthCompareis your online one-stop-shop for health insurance where you can research and compare plans online from over 150 national carriers.<br />We Promise:<br /> To give you the best results for YOU, we never promote one carrier over the other. We just assess your needs and show you the best options from national carriers with plans in your area.<br />Our Commitment is to YOU:<br /> 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. <br />Our<br />Promise<br />#1<br /><br />
    31. 1. You can enter your information anonymously<br /><br />
    32. 2. You can review your plan options online in seconds<br /><br />
    33. 3. You can even compare plans side-by-side<br /><br />
    34. 4. Then, you can apply online or call one of our trained Benefits Advisors for help!<br /><br />
    35. Call toll free <br />877-641-1101<br />to speak to a trained <br />Benefits Advisor <br />or…<br />Go to today!<br /><br />
    36. Searching For Answers? <br />Visit Us At<br />