Tuesday, June 10, 2014

Review of online insurance broker::The Best Places to Buy Life Insurance Online







Review of online insurance broker::The Best Places to Buy Life Insurance Online








What               is               open               enrollment?

Open               enrollment               is               the               time               period               where               an               employee               can               sign               up               for               the               health               care               insurance.

It               generally               doesn't               last               long;               just               a               couple               to               three               weeks.

Some               companies               offer               only               one               plan,               others               offer               several.
               Who               pays               for               the               plan(s)?
               The               employer               pays               the               insurance               company               for               the               plan.

The               employer               also               chooses               the               provisions               (copays,               coinsurance,               deductibles,               what               is/isn't               covered).

Some               companies               work               with               the               employees               to               determine               what               benefits               will               and               will               not               be               included,               others               do               not.

It               just               depends               on               the               employer.

Sometimes               a               union               is               involved,               other               times               the               union               pays               for               the               plan               (as               well               as               choosing               the               provisions).

The               insurance               company               becomes               the               administrator               for               the               plan               chosen.

The               employee               might               pay               a               premium               out               of               their               paycheck;               this               is               paid               to               the               employer.
               How               to               get               information               on               the               plan(s)               offered
               This               is               a               question               I               hear               a               lot.

Some               insurance               companies               have               agents               prepared               to               answer               questions               on               the               particular               plan/provisions               their               employer               has               chosen;               others               do               not.

The               best               source               of               information               for               these               questions               is               the               Human               Resource               Benefits               Office/Officer.
               Most               companies               will               have               packets               to               give               out               to               their               employees               to               explain               the               different               plans               and               provisions               while               some               will               simply               have               the               HR               representative               explain               the               plan(s)               to               the               employees.
               It's               worth               the               time               to               find               out               from               one's               own               employer               what               system               is               used               during               open               enrollment.

Ask               for               the               packets-               if               the               HR               representative               says               "I               don't               have               any,               the               insurance               company               didn't               give               me               any",               tell               the               person               to               call               the               insurance               broker               and               get               some.

The               insurance               company               doesn't               have               a               problem               providing               them.

It's               part               of               the               service               the               employer               paid               for.
               Read               the               Information               in               the               Packets
               Here's               the               part               I               almost               never               got               around               to               in               the               past,               but               now               read               ardently               when               the               time               comes.

Read               the               information               package!

I               know               it's               boring,               but               this               is               the               health               insurance               that               will               be               in               place               for               the               employee               and               their               family               for               the               entire               following               year.

Learn               what's               covered               and               what's               not.
               Make               a               list               of               questions               to               ask               and               to               look               up               in               the               packet.

Here               are               some               suggestions               based               on               questions               I               answer               the               most:
               1.

Are               routine               preventative               exams/lab               work               covered?

How               much?

Are               there               any               restrictions?

Limits               (exams               per               yr/2               yrs)?
               2.

Diagnostic               procedures               (mammograms,               colonoscopy,               etc.)               -               are               they               covered?

How               much?

Restrictions?

Limits?
               3.

Does               the               plan               have               a               network               of               Doctors,               Hospitals,               etc.?

Are               there               out               of               network               benefits?

How               much?
               4.

How               are               emergency               room               visits               covered?

(Fewer               insurance               companies               will               cover               non-emergency               visits               to               the               ER).

What               happens               when               the               person               truly               believes               there's               an               emergency?

For               example,               a               person               goes               to               the               ER               for               crushing               chest               pain,               and               finds               out               it's               heartburn?

Good               news,               but               the               insurance               company               may               not               cover               it               at               first.

This               situation               will               be               covered               later.
               5.

School               shots?

Covered               or               non-covered?

Sports               immunizations?
               6.

How               are               dependents               covered,               and               to               what               age?

Any               special               provisions               for               college               students?

Handicapped               dependents?

Are               grandchildren               covered?
               7.

How               about               smokers               vs.

non-smokers               or               drinkers               vs.

non-drinkers?

The               plan               provisions               can               vary,               along               with               the               premiums.

Does               the               plan               cover               helping               the               person               give               up               smoking/alcohol?

How?
               8.

Weight               loss               surgery.

This               is               another               big               question.

Many               plans               are               specific               about               how               the               surgery               will/will               not               be               covered               and               if               so,               what               criteria               needs               to               be               met               before               the               surgery               can               be               approved.

Read               this               part               carefully.
               9.

Does               the               doctor               or               patient               need               to               notify               the               insurance               company               about               a               procedure               or               hospital               admission?

What               happens               if               that               notification               isn't               made?
               10.

Does               the               procedure               need               to               be               approved               before               it's               done?

Some               insurance               companies               allow               the               Doctor               to               send               in               a               letter               (called               pre-determination)               along               with               medical               documentation               showing               the               medical               need               for               the               procedure.

While               there               is               no               guarantee               that               the               insurance               company               will               say               yes,               although               if               approved,               the               procedure               will               be               covered.

Both               the               Doctor               and               member               will               receive               letters               stating               the               outcome.
               11.

Appeals.

What               is               the               process?

How               long               does               it               take?

Remember               the               ER               visit               in               number               four?

An               appeal,               along               with               the               medical               notes,               will               give               the               insurance               company               the               reason               for               the               visit.

Although               the               out-               come               was               not               life               threatening,               the               patient               went               to               the               ER               with               good               cause.

This               instance               would               be               covered.

The               pre-determination               letter               will               also               come               in               handy               if               the               initial               claims               for               a               covered               procedure               is               denied.
               There               are               many,               many               more               instances               and               questions               that               can               be               asked               when               researching               a               plan.

These               are               among               the               top               questions               I               answer               every               day.
               Sit               down               with               the               family,               go               over               each               provision               carefully               and               decide               which               plan               to               choose.

If               school/sport               immunizations               aren't               covered,               call               the               doctor's               office               to               find               out               how               much               is               charged.

Will               the               school               provide               them?

Will               there               be               a               low-cost               or               free               clinic               for               the               shots?

Or               take               the               time               to               carve               out               the               money               in               the               budget               ahead               of               time.
               Does               the               insurance               company               have               a               website               where               information               can               be               found?

Some               do.

Some               websites               are               truly               comprehensive;               claim               forms,               explanation               of               benefits               forms               (EOB's),               appeals               forms,               benefits               listing,               ID               cards,               and               much               more               are               available               online.

Have               a               question               on               something               you               read?

Call               the               insurance               company.
               Receive               a               bill               (from               a               Doctor               or               Facility)               and               have               a               question?

The               insurance               company               has               people               ready               to               help               you               understand               your               benefits,               and               answer               questions.

Learning               from               the               benefits               packet               can               also               prepare               a               person               for               any               bills               or               EOB's               that               come               with               their               medical               care.
               Does               the               plan               offer               a               HSA               (Health               Savings               Account),               an               HRA               (Health               Reimbursement               Account)               or               an               FSA               (Flexible               Spending               Account)?

These               will               be               outlined               in               the               benefits               packet.

Depending               on               the               company,               the               HR               representative               should               have               a               meeting               with               employees               to               explain               each               (if               offered)               in               full               and               how               they               work.
               These               are               often               managed               by               an               outside               company,               usually               a               bank,               separate               from               the               insurance               company.

Finding               this               out               ahead               of               time               can               save               time               on               the               phone               and               the               frustration               that               comes               with               being               told               to               call               someone               else.
               Learn               how               the               process               at               the               Doctor's               office               works.

If               the               insurance               company               says               there               is               no               copay,               but               the               member               has               a               deductible,               the               member               may               have               to               pay               something               at               the               Doctor's               office.

The               Doctor's               office               is               responsible               for               filing               honest               claims.

If               the               member               has               paid               at               the               office,               then               learns               that               the               Doctor's               office               has               also               been               paid               by               the               insurance               company               through               a               benefit               program               for               the               deductible,               the               member               is               entitled               to               a               refund.

If               the               Doctor's               office               says               "sue               me,"               then               do               it.

Most               Doctor's               offices               are               honest               and               will               report               to               the               insurance               company               any               money               received               from               the               patient.

It               never               hurts               to               double               check.

(The               author               went               through               this-               even               before               the               refund               was               received,               the               author               found               a               new               Doctor's               office.)
               Asking               questions               of               the               HR               representative,               the               employer,               reading               the               insurance               packets,               discussing               benefits               with               the               family               before               making               a               decision               is               the               best               way               to               go.

Not               knowing               what               benefit's               a               particular               plan               has               and               doesn't               can               wind               up               costing               a               person               money               they               don't               have               to               spend.
               If               something               isn't               covered               in               a               person's               plan               and               it's               a               procedure               that               the               person               sees               as               a               medical               necessity               or               real               possibility               (weight               loss               surgery,               for               example),               perhaps               a               rider               (a               specific               benefit               purchased               separately               in               addition               to               the               main               policy,               like               covering               antiques               in               a               home               policy)               could               be               purchased.

If               not               available               through               the               employer,               the               person               could               consider               a               second               policy               purchased               on               their               own               through               another               insurance               company.

There               are               limited               policies               available               through               different               insurance               companies;               calling/emailing               and               asking               will               hunt               them               down.
               One               more               thing               on               health               insurance               plans,               Cobra               isn't               the               only               interm               insurance               available.

When               someone               is               laid               off,               loses               their               job               through               attrition               or               other               means,               federal               law               requires               the               employer               to               offer               Cobra               coverage.

It               is               the               same               policy               that               the               former               employee               had,               only               the               employee               has               to               pay               full               price.

And               it               has               time               limits,               usually               18-36               months,               according               to               state/federal               mandates.

There               are               other               short               term               insurance               plans               available               on               the               market.

Research,               asking               friends,               relatives               and               insurance               companies               can               lead               the               right               person               to               the               right               product               for               their               needs.
               Many               people               know               more               about               their               car               or               homeowners               policies               than               they               do               their               health               plan.

No               mention               is               made               of               specific               plans               or               insurance               companies               because               there               are               hundreds               of               companies               with               thousands               of               possible               plans/provisions               available.

This               information               is               basic               to               the               industry,               and               individual               plans               may               vary.






Image of online insurance broker






online insurance broker
online insurance broker


online insurance broker Image 1


online insurance broker
online insurance broker


online insurance broker Image 2


online insurance broker
online insurance broker


online insurance broker Image 3


online insurance broker
online insurance broker


online insurance broker Image 4


online insurance broker
online insurance broker


online insurance broker Image 5


  • Related blog with online insurance broker








  • Related Video with online insurance broker







    online insurance broker Video 1








    online insurance broker Video 2








    online insurance broker Video 3




    online insurance broker





























    Labels: , , , , , , ,

    0 Comments:

    Post a Comment

    Subscribe to Post Comments [Atom]

    << Home