One of Health Insurance’s Best Kept Secrets

24Before I jump into explaining what critical illness insurance is, and why I personally believe it’s a good investment, let me first confess that before I began working for a health insurance brokerage, I had NO idea what critical illness insurance was.

When I first started my job with the health insurance brokerage, I would hear agents talking to customers about plans that offered tens of thousands of dollars in coverage, should they wind up with something like a heart attack or a stroke. I was baffled and many-a-time wondered, “Does my health insurance do that, too?”

The answer was no, because the insurance they were explaining was a critical illness plan, which is frequently bought along with a major medical or short-term health plan. All I had was one plan, a major medical plan. So no, I did not have it, but I’ll tell you why I think it’s a great thing to have in a minute.

How Does This Plan Work?

First, what does critical illness insurance do? In the event of a major illness, like a heart attack, stroke, or cancer, the plan will pay out a lump sum of cash for that covered illness. The money could go to a multitude of uses. It could of course be used to cover medical expenses, like co-payments, deductibles (which have been on the rise recently), out-of-network providers, and experimental treatments that aren’t always covered by insurance. Under the same umbrella, it could go toward any travel expenses associated with your condition. If you decide to seek care out of town, you could use the money for transportation or hotel accommodations for you and anyone traveling with you.

It could also be used to help you pay for your normal day-to-day expenses. If you get cancer, there’s a good chance you won’t be working, or won’t be working as much. That money can help pay what you would normally pay with your income- rent, utilities, car payment, credit card payments, etc. It seems that when we think about major illnesses, we think about how we would pay our medical bills and forget about all of the other bills that will still come due, regardless of our health.

Everyone’s First Question: The Cost

At this point, I know you’re probably thinking about how expensive it is just for a major medical health plan, let alone adding this on. Surprisingly, for the amount of coverage you get, it’s not a very high price. It’s nothing compared to paying your traditional premium for a major medical plan and prices will obviously vary depending on the coverage amount that you opt for.

Everyone’s Last Thought: The Reality

Thinking about a major illness plaguing your life isn’t something many of us spend time thinking about. It’s something we like to believe won’t happen to us, but the unfortunate reality is that no one who gets cancer or has a heart attack ever expects it. It’s a terrible situation all around, but the one of the best measures you can take is to be prepared should it happen. The last thing you want to be worrying about when you have a heart attack or cancer is your financial situation. Critical illness coverage will ensure that you can focus on what’s most important- your recovery!

Five Tips for Choosing the Right Health Insurance Plan

29One of the best ways of safeguarding your personal well-being is by having a health insurance plan.

Due to the large number of companies that offer this type of insurance policy, choosing the right one can be a daunting task. Here are five tips to help you find the best plan on the market today.

Check the Networks of Different Plans

If you have a select group of doctors whom you prefer, ask them which insurance networks they are part of. Adidas Ultra Boost Dames You can also use one of the many accredited online directories to know the networks that each plan on your list has. Under Armour UA Curry 1 On the other hand, if you just relocated to a new city and you do not have a preferred doctor yet, choose a plan that has a large network of health practitioners.

Know the Maximum Premium Budget

Consider your average monthly expenses to know the amount of money that you can spend on the policy without compromising your financial capability. Low premiums often result in high out-of-pocket costs. Hence, what appears to be the cheapest plan may really be the most expensive, as you will be forced to pay for most of the services. new balance 1980 zante roma One of the best ways of choosing the right premium is by estimating the total amount of money that you spent on health care last year, including out-of-pocket expenses and premiums. asics gel pulse 8 damskie Then, choose a plan that has similar monthly deductibles, copays, and premiums. Air Jordan 13 (XIII) A high premium plan will save you thousands of dollars on out-of-pocket costs if you require expensive procedures or frequent medical care services.

Look for Additional Benefits

In a bid to attract more clients, insurance companies usually offer policies that have additional benefits apart from medical coverage. Based on this fact, it is wise to check the summary of benefits of each policy on your list until you find one that has your preferred scope of services. Asics Pas Cher For instance, some policies provide better coverage for mental health and physical therapy care while others have more comprehensive emergency coverage.

Research Plan Structure

Once you have an estimate of your monthly premium, your next step is determining your ideal plan structure. Some of the most common plans are HMO, EPO, POS, and PPO. Nike Nettbutikk The plan that you select will determine which doctors you can see and your costs. Nick Chubb Jerseys More often than not, plans that have referrals, such as POS and HMO, require that you first consult a primary care physician before booking an appointment with a specialist. If you already have a network of doctors that you prefer to see, eschew plans that they do not take.

Compare Out-of-Pocket Costs

Your preferred health insurance plan should clearly indicate the services that you will be required to pay for and the amount. Maglia Scottie Pippen The sum amount includes coinsurance, co-pay, and deductible.

Health Insurance Plan for Parents and Children

27A health insurance plan that covers not only you but your whole family is a solid deal. nike air max flyknit hombre In a single premium you get to cover up to 15 members of your family. Nike LeBron James 13 Such comprehensive health insurance plan is called a family floater plan. New Balance 530 hombre Since, it is a single policy that takes care of every family member of yours; you are escaped from the task of maintaining records of numerous individual health policies and keeping track of their renewal dates. Also, a family floater policy costs you cheaper than taking numerous individual policies.

As cost of other things rises, the cost of medical expenses also rises. Jordan 13 Sale goedkoop nike air max 2016 Health insurance policies offer the feature of increasing the sum insured after some years. Nike Baratas Sometimes, as a reward for your timely renewal of policy and no claims, the insurance company increases the amount of your sum assured. nike tn noir femme A family floater policy is a life saver for the house and keeps you ready to face any medical contingency with confidence. In case of medical emergencies, many times the cost of treatment causes more fear and pain than the emergency itself.

For what was earlier considered as a luxury is now a necessity. Nike Pas Cher The service sector has boomed exponentially in India over the past decades. And thus, this boom has passed on economies of scale to the insurance and banking sector as well. The premiums are quite affordable and the service has bettered. The IRDA since its setup in 1999 has taken good measures to regulate the insurance industry and win the trust of masses in insurance. Earlier people were very skeptical whether their claim would be paid or not but that scenario has changed a lot since.

Earlier the only health insurance people used to have was the one done by their employer for them. Apart from that only a select few used to buy it. Adidas Yeezy 350 Dames Garrett Richards Baseball Jersey Some people used to buy health insurance only for the tax benefits. One can get a handsome tax exemption under section 80D, but is not the only motivation to go for a health insurance plan. Nike Air Max 2017 Homme With increasing awareness people now know how beneficial a health insurance plan is to them.

You can also take health plans exclusively for your parents. asics france Such plans have no entry age limit, cover pre-existing diseases like Diabetes and Cardiac conditions and 100% claim settlement without co-pay. Yunel Escobar Jersey Aging parents have more medical needs to tender to. Nike Air Max 90 Heren Adidas Goedkoop If parents are senior citizens you can get additional tax rebate up to Rs. 20000 for the money paid as premium.

Compare health insurance plans to avail the best deal and a plan loaded with attractive and suitable features. nike air max 90 pas cher Following the experts, one should compare plans of at least three companies before buying. cheap nike trainers uk Being more informed about the market, you can take advantage of the competition. Asics Gel Quantum 360 Dames Thus, a healthy advice is to do ample market research and evaluation.

What The Absolute Best Health Insurance Plans

26What the absolute best Health Insurance Plans and are you being charged a fair price?!

A health insurance plan is one that will give you the most benefits for your money. Nike Air Max 2017 Dames blauw Let’s take a detailed look at the different types of Health Insurance Plans and see which ones make the most sense to buy. Nike Air Max 2016 Dames Then let’s take a look at actually purchasing the plans and making sure that you aren’t being overcharged.

What are the different types of Health insurance Plans?

1. asics gel quantum 180 uomo nike air max 2016 grijs Indemnity Plans- The basic Health Care Insurance plan. goedkoop nike air max 2016 Nike Air Max 2017 Heren High premiums, high deductible(meaning you pay a certain amount of money per claim before the Insurance company pays anything) but you get to choose your own doctors and hospitals.

2. Maglia Tony Parker HMOs or Health Maintenance Organizations- Cheapest but the least flexible health plans. Copays are cheap but the Insurance company tells you which doctors you can see and you have to get those horrid referrals from your insurance chosen doctor to see any specialist.

3. Adidas Schoenen PPOs or Preferred Provider Organizations- More flexible and a tad more expensive then HMOs. nike air presto hombre Nike Pas Cher While cheap co-payments are a plus and you don’t have to get a referral from your doctor to see a specialist; if you see a doctor outside the list of doctors who are recommended by that specific insurance company you may have to pay the bill yourself then resubmit the bill to the insurance company. New Balance Mujer nike air max 180 chaussures OR worse you may have to pay the deductible or the difference in costs between what the non insurance approved doctor costs to see vs seeing a doctor that the insurance company approves.

4. Women Air Jordan 7 Adidas Superstar Schoenen Dames POSs Point of Service plans-More flexible still and a little more expensive then PPOs If you feel the need to see a doctor outside of those the Insurance company approves all you have to do is get permission from your regular doctor to go see whichever doctor you want to see and you’ll be covered by your Health Insurance Provider. fjallraven kanken classic 16 L Also POSs provide a lot more preventative health care such as gym membership discounts, etc. Air Jordan 13 Donna The only bad thing about this is that you need a regular doctor that you see to give you permission to go see other doctors.

How to get a fair price for a Health Insurance Plan

Now that we have an idea about the different types of Health Insurance we need to make you can get a fair price, after all with gas prices so high nobody needs to be paying more than we already are!

First things first- You’d better shop around and do price comparison. Joe Montana College Jerseys Which thankfully is easy thanks to the internet. Just Google search for a health insurance comparison website and after filling in your health information along with the type of insurance you want you’ll be on your way towards finding affordable health insurance.

When considering choosing a health insurance plan one must consider which plan works for you and or your family the best. nike pas cher The main way to choosing the best policy is to weigh up all the alternatives of all the different plans, have a budget, have a goal set in mind as to what you want and what you can afford then go from there.

The Best Health Insurance Telemarketing Script

25Developing a working script is one of the essential elements of any health insurance telemarketing strategy. Adrian Gonzalez Authentic Jersey fjallraven kanken backpacks uk While many companies that provide telecommerce have scripts available its advised that you create your own script, at least as a reference so you are getting the qualified prospects you want. Aaron Rodgers Cal Jerseys Maglie NBA a Poco Prezzo There are many reasons behind this including:

  • You understand your prospects and their needs much better than another script creator ever will.
  • General scripts might have been used by the competition and potential customers could have previously heard them.
  • The script will be designed to generate qualified prospects you want, and will not include extra questions which are irrelevant to your needs.

Even though it is important to use a script made just for you there are a number of approaches that can be used to enhance sales.

Here is a basic script outline you can follow:

Hi, This is NAME with XXX Insurance Company and we are a local health insurance broker here in your city and we specialize in saving individuals like you a lot of money and improve your medical coverage. asics gel lyte 3 mujer rojas Nike Dames With all of our plans you get to keep all your current doctors!

Rebuttals to common questions:

  • This isn’t a sales call, we just want to verify some of your information and get out a free quote that can save you money on health insurance.This will only take a couple minutes and could save you thousands of dollars.

I just need to ask you a couple quick questions so we can make sure you are qualified and get you out the lowest rate quotes with the best coverage possible:

  • Are you currently insured?
  • (If yes) who do you currently buy your health insurance from?
  • What is your age?
  • Do you use tobacco?
  • Is there anyone else to be covered with you on the quote? (Wife or kids)
  • What is the best email to send the quotes to?

Thanks for your time. nike air max 2016 goedkoop Sac à Dos Kanken Fjallraven We’ll have one of our agents call you back with an updated health insurance quote, have a great day!

Once you have your script finished its not set in stone. New Balance 420 hombre Zapatillas Air Max Nike It can require some changes based on the telemarketer’s feedback to get things running smoothly after the calls start to be made.