This document contains confidential and proprietary information regarding health insurance plans and benefits. It discusses increasing premium costs, potential savings from locking in premium rates, common causes of death in Americans, types of coverage included in various plans such as health insurance, accident, critical illness, and hospital confinement. It provides examples of claims and out of pocket costs. Finally, it compares fully insured versus Careington dental plans and includes a Careington dental benefits schedule.
The Affordable Care Act and Businesses Where People are the Keylcatchpole
ACA is coming. It will be the biggest business change since the Internet. Businesses have the opportunity to change the future of healthcare inthe US. Business' know how to control costs. Businesses (mostly) care about their employees.
Here we talk to the high level forces at work in healthcare including ACA.
And here we talk to things employers can do to take control of healthcare costs - before they no longer can.
The Affordable Care Act and Businesses Where People are the Keylcatchpole
ACA is coming. It will be the biggest business change since the Internet. Businesses have the opportunity to change the future of healthcare inthe US. Business' know how to control costs. Businesses (mostly) care about their employees.
Here we talk to the high level forces at work in healthcare including ACA.
And here we talk to things employers can do to take control of healthcare costs - before they no longer can.
Court decision to uphold the Affordable Care Act did little to clarify the future of health care reform and what it means for business. And once again, health care policy will be one of the key issues helping to decide this year’s presidential election. In late August, two of Minnesota’s most storied names in health care – HealthPartners and Park Nicollet – announced plans to combine their operations at the beginning of next year. Learn about the motivation behind one of the most significant local health care partnerships in decades. And, more importantly, hear how it relates to broader health care trends in our state and the important implications for Minnesota businesses and communities.
Andrea Walsh, Executive Vice President and Chief Marketing Officer, HealthPartners,Inc.
David M. Schreck, MD, FACEP, FACP, FHM , Chairman, Department of Emergency Medicine at Summit Medical Group provided this presentation on health care trends as part of a community lecture series on the Berkeley Heights, NJ campus. The presentation explains the impact on patient care and how to navigate the system.
This is an opportunity that the american people can learn how to bank like a bank. Think when the back close they don\'t use no one to move money. They use a sophisticated software solutions to move and grow money. They use a Mathematical Algorithm. So, if a bank uses Algorithms to build wealth why can\'t the consumer can use an Algorithm to save money and build wealth. Contact me I can show you how you can do this just with your income you bring home now.
Court decision to uphold the Affordable Care Act did little to clarify the future of health care reform and what it means for business. And once again, health care policy will be one of the key issues helping to decide this year’s presidential election. In late August, two of Minnesota’s most storied names in health care – HealthPartners and Park Nicollet – announced plans to combine their operations at the beginning of next year. Learn about the motivation behind one of the most significant local health care partnerships in decades. And, more importantly, hear how it relates to broader health care trends in our state and the important implications for Minnesota businesses and communities.
Andrea Walsh, Executive Vice President and Chief Marketing Officer, HealthPartners,Inc.
David M. Schreck, MD, FACEP, FACP, FHM , Chairman, Department of Emergency Medicine at Summit Medical Group provided this presentation on health care trends as part of a community lecture series on the Berkeley Heights, NJ campus. The presentation explains the impact on patient care and how to navigate the system.
This is an opportunity that the american people can learn how to bank like a bank. Think when the back close they don\'t use no one to move money. They use a sophisticated software solutions to move and grow money. They use a Mathematical Algorithm. So, if a bank uses Algorithms to build wealth why can\'t the consumer can use an Algorithm to save money and build wealth. Contact me I can show you how you can do this just with your income you bring home now.
Slides from the 9/28/2011 FPA webinar "Build Your Own Pension." With the decline of pensions, clients will look to their own accounts to provide predictable retirement income. We show how advisors can create pension-like income using institutional liability driven investing (LDI) strategies.
The Real Truth About Money
1. Never Pay More Tax Than You Have To
2. Never Lose Money
3 Never Stop Compounding Your Money
4 The Shocking Truth About Retirement Plans
$200,000 Mortgage Total Costs Analysis ReportPeter Boyle
The mortgage total cost analysis report is a custom report helping home buyer's and homeowners in selecting the home loan program appropriate for their lifestyle and goals. The lowest interest rate loan is not always the best loan.
Melissa DeWeese's Open Enrollment Presentation - Samplebeneflexsb
Employees are confused at Open Enrollment. They need guidance. They also need education. This presentation educates and informs the employees. This will increase employee understanding and appreciation for their employee benefits package.
First Financial Security Business Opportunity Presentationnetpay2k
Self-starters needed to sell Life Insurance, and Retirement Plans. Complete training provided. We will show you how to get your insurance license in 2 weeks or less. We will train you how to sell Life Insurance, and Retirement Policies while we support you for a lifetime of earning. We will show you how to increase your business by building a team. This is Truly the “Opportunity of a Life Time”!!! Unlimited Income potential! Call James D Jones @ 301 829 3331.
Retirement Planning- Case studyPart 1A) SMART Goal Setting.docxronak56
Retirement Planning- Case study
Part 1
A) SMART Goal Setting
Specific
What: They should to achieve debt freedom and save enough money before age 65. They supposed to decrease his daily expense to save more money, to pay off the current loan and some credit debts. Then they need to start RESPs for their children.
Why: Their Net cash flow was negative, it means they have more expense than income. They must find a way to solve these problem, even through they have 308879.63 net worth, but it is useless. They have too many loan and mortgage need to repayment.
Where: They should focus on house mortgage first, because that $300000 mortgage with interest rate is 4.75%.
Who: their children. When they do this financial planning, their kids is inherently involved in.
Which: They have some constraints which is that they need to pay education for kids, they have economic pressure, so saving money is hard thing for them.
Measurable:
They want to save $2000 per month to pay off their mortgage $1897.57 monthly.
Achievable:
We suggest saving money from Entertainment and Transportation.
· Yearly expense
Travel $120, Activities $360, Alcohol $120 totally is $600
We also can decrease expense form car insurance, Colin and Jill can use one car and suspend the car insurance saving $1440 yearly.
They already saving $2040 for one year.
Realistic:
That is realistic because they can easily to save money form their income, they need to know how to budgeting their money, especially they already have two kids.
Time-Limited:
They will save money form their daily life for $2040 for one year, their yearly mortgage is $1897.57*12= $22770.84, they need to saving 10 years money to pay off one year mortgage.
B) Cash Flow Statement & Net Worth Statement
According to the expense statement for retirement planning, I estimate the expense after Colin and Jill retirement is $28546.68. It means they need income after tax is same amount.
Electricity/water: When they are after 65 year old, they should sleep so early that compare with before. That’s why their electricity usage rate is going down. Change $150 to $100 per month
Internet: they don’t use internet after 65 years old, because they always watching TV or reading book, no time to use internet. Change $100 to $50 per month
Groceries: it will change some because they want to be health, and will buy many nourishment and fruits,and more milk. Not changed.
Eat-out: eat-out cost will be decrease, they usually cook at home. Change $100 to $50 per month
Colin&Jill car insurance: They don’t need two cars for driving, so they can just drive one car with one car insurance, so the cost will be decrease. Decrease $110 per month
Gas fee: gas cost also decrease because two cars in stead of one car.
Medical: Colin has high blood pressure, his medicines cost will increase.
Travel: Colin and Jill like to long-distance travel every month,so that’s why travel cost is increased. Change $50 to $ ...
8. How Much Can You Save By Locking In Your Premium
A - Increased
$ 1,148.00
Premium
B - Prior
$ 961.12
Premium
C - Difference $ 186.88
% Increase 16%
Current Insurer Kaiser
Current Provider USHEALTH Group x12 = Annual
YEAR Current Premium Monthly Difference
Projected with Increase Monthly Rate Lock Difference
1 $ 1,148.00 $1,331.68 $628.00 $703.68 $8,444.16
2 $1,544.75 $628.00 $916.75 $11,000.99
3 $1,791.91 $628.00 $1,163.91 $13,966.90
4 $2,078.61 $728.48 $1,350.13 $16,201.61
5 $2,411.19 $728.48 $1,682.71 $20,192.55
6 $2,796.98 $728.48 $2,068.50 $24,822.04
Total
$94,628.24
Projected
Projected Monthly Premium By Year
$2,000.00
$1,800.00
$1,600.00
USHEALTH Group
$1,400.00 is saving you $94,628.24
Current Provider
$1,200.00 over 6 years!
$1,000.00 USHEALTH Group
$800.00
$600.00
$400.00
$200.00
$0.00 Confidential & Proprietary
Year 1 2 3 4 5 6 12/11/2012 Information 9
9. Agent Name
Tyree Wilson
(720)808-9853
tyree.wilson@ushhadvisors.com
7 out of 10 deaths among Americans each year are from chronic diseases:
Heart Attack, Cancer and Stroke account for more than 50% of all deaths
each year.
Centers for Disease Control and Prevention
Health Ins. Included Health Ins. Included
No Accident Association / Accident Included Insura nce is o ne o f the m o st o ve rlo o k e d
b ut vita l p a rts o f a ny g o o d fina ncia l
No Critical Illness Critical Illness Included p la n. It m a y se e m unim p o rta nt, o r a n
a fte rtho Confidential b&utProprietary
ug ht to g e t it, yo u w ill
No Hospital Conf. Hospital Confinement Included 12/11/2012tre m Information f if yo u ne e d
fe e l e nd o us re lie 10
insura nce a nd ha ve it in p la ce .
10. Doctor Visit
Confidential & Proprietary
12/11/2012 Information 11
24. Thank You for your time
Helping Other People Everyday
12/11/2012 Confidential & Proprietary Information 28
Editor's Notes
"Okay, let me tell you about the company that I picked for you..."Go through the Brag Sheet about the company so that they will be familiar with US Health Group and Freedom Life.This is where you will start the conversation about the two or three year rate lock, (building value)This is where you will sneak in CIGNA...We can help folks with this plan in 35 states, but since it is a CIGNA PPO plan, you will be IN Network in all 50 states.This is where you will bring up the fact that US Health Group puts you in a 15 million man group, a non-profit association. (Open the brochure and show them how that benefits them in the way of rate increases and not being picked on just because they have a big claims year personally.)
Read the slide
This is a page out of the local Farm Bureau plan by Blue Cross Blue Shield. One problem with Individual Major Medical plans is that they play games in their policies by inserting maximum allowable charge schedules. My Uncle had this plan and was diagnosed with Cancer. His Cancer treatments were $1,700 a piece and were twice a week for almost 6 months. The plan kept saying that their MAC was $800 per treatment. He ended up with a $42,000 lien on his Farm. Whatever plan you get please don’t get one that does that.
Most people want as low of a deductible as they can get. Right? Of course, what does that do to the PREMIUM? If you go with a real high deductible just to save a lot of money, then what if SOMETHING HAPPENS?Remind them of the Non- Profit Association whose entire reason for existence is to help them keep their healthcare costs down. The association actually makes them "Happier with a Higher deductible." As a result most of your customers choose a $6,000 or $9,000 deductible or even higherNow you will not have to ask them which deductible they want to plug into the illustration. Just assume the $6K and run with it.Ok, then there's Coinsurance where you now share in the cost after the deductible. The insurance company pays 80% and you pay 20%. Let's illustrate how that would work if you had a large medical bill. $500,000-CIGNA$206,000- $6,000$200,000x 20%if that 20% ran wild then the number would be.....$40,000 right?Thank goodness that's not how it works, the maximum OOP on the 80% plan is only... $2,000Then the plan pays 100%, UnlimitedMake sure you have drawn out all of the players in the scenario so that they can see who does what for them and what they will incur.AssociationYOU ($9,000)Major Medical Company (Freedom Life) ($197,000)CIGNA (PPO)Reiterate what each player did from them one by one and what their OOP is now...Now, what is the association going to do to make you Happy about that Higher OOP?
CASH (Building alot of VALUE in the Section)The Association found out that 90% of the time, when you have a big hospital bill is because you have one of four things ...They spell CASH...Cancer, Accidents, Stroke, Heart1. Explain what the Association is going to do if they have an accident...After showing what the Association does in the case of an accident..."That's really great, isn't it?" "Well, it gets better from here..."2. Explain what Med Guard does for them if they have a critical illness3. Explain what the Association does if they go into the Hospital for any reason.4. We already talked about why you don’t need to pay extra premium for a doctor’s office copay.5. RxCopay…A. Generic drugs is no reason to pay extra premium for a drug card since they are going to be $2 to $10 anyway…B. The one or two times a year that you have to take a rx that costs $80 to $100 is going to be discounted by CVS/Caremark, your prescription manager. So, still no reason to pay extra for a drug card. C. However, if the doctor tells you that you need to take a drug that costs $300/month, the you might look back and say, “Why didn’t I get the drug card?” Well, we have another solution for that…MedScript allows you to receive a 90 day supply of the drug at a greatly reduced price, mailed right to your home.6. Call MDThey should be asking things like, "what is this going to cost," or "this sounds to good to be true."
CASH (Building alot of VALUE in the Section)The Association found out that 90% of the time, when you have a big hospital bill it is because one of four things have happened to you ...They spell CASH...Cancer, Accidents, Stroke, Heart1. Explain what the Association is going to do if they have an accident...After showing what the Association does in the case of an accident..."That's really great, isn't it?" "Well, it gets better from here...“ Example is Level VI $500 / up to $20,0002. Explain what Med Guard does for them if they have a critical illness3. Explain what the Association does if they go into the Hospital for any reason.4. Wellness Package5. Caremark/MedLink/CallMD6. Start the discussion on Life Insurance and DisabilityThey should be asking things like, "what is this going to cost," or "this sounds to good to be true."
All Association Benefits like Accident, Critical Illness, and $ per day in the Hospital are included in all of these numbers…The only thing that changes from top to bottom is the Deductible and Co-Insurance
The timeline is very informational even if you don't need it to disarm the customer's wall of "I will not be sold."Draw a blank timeline and say, "Today all we can do is get you into Underwriting." "We will ask for an effective date of say 10/15..." Then in the middle of the timeline show them getting an Approval after they have been Underwritten. Then let them know that no money comes out until the end of the timeline at their effective date. Then come back to the beginning and say, "So it is just a matter of getting you underwritten so that we can get the company's decision to take you, then you can decide to take them after that.