Fox Insurance Group LLC Blog
Why You Need to Update your Health Care Plan
Since Sept 23rd 2010 the health insurance market has changed drastically. With the advent of OBAMA CARE or THE PATIENT PROTECTION AND AFFORDABLE CARE ACT OF 2010, there are new plans available to consumers that are more affordable and comprehensive than ever before. I simply refer to these major medical plans as OBAMA PLANS.
The highlights of these plans are as follows.
* They are MAJOR MEDICAL
* UNLIMITED COVERAGE/POLICIES.
*ANY Doctor ANY HOSPITAL
Items such a physicals, MAMMOGRAPHYS, COLONOSCOPIES, PSA SCREENINGS, PAP SMEARS, IMMUNIZATIONS FOR KIDS UP TO 21. There is now NO cost sharing. The insurance carrier has to pay it all out your monthly premium.
INSURANCE COMPANIES are now stuck with the bill and HAVE TO PAY OUT 80% OF ALL OF WHAT THEY TAKE IN ON PREMIUMS, OUT ON CLAIMS FOR THEIR SUBSCRIBERS. SO 80% of the insurance company’s revenues have to be paid out in claims per year or the subscriber gets a check at the end of the calendar year from the insurance carrier. Either way the subscriber wins.
No more inequities and bilking of the consumer around health insurance.
IF YOU HAVE A PLAN THAT WAS CREATED BEFORE 3/23/2010, YOU DO NOT GET ANY OF THESE GOODIES. YOUR PLAN NEEDS TO BE UPDATED.
We at Fox Insurance Group have over 144 different carriers that cover subscribers for Health and Life insurance.
It is our goal to ask our customers if they would like a review of their current Life and Health policies to see if they would QUALIFY FOR A NEW OBAMA PLAN OR A REDUCED RATE ON THEIR LIFE INSURANCE. Since Jan, 2010 life insurance rates have plummeted most people are paying way too much if their policies are over a year old.
