How to get the best deal on Health Insurance.

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Family 1 308

 

 

Question: How to get the best deal on health insurance?

Answer: Call Comrade Financial Group

In Maryland, District of Columbia and Virginia you and your business have a wealth of options when it comes to on and off exchange plans. When you think about over 2000 options for Small Group Health Insurance and close 100 options for Individual and Family Health Insurance it is sometimes mind boggling to all of the options and choices.

We would like to break things down and make it a little simple. As most consumers only shop based on monthly premium and that is the biggest mistake you can make for you or your business. You do get what you pay for and if you take a little time to go over each plan option and benefit description, it does make sense about what your best choice should be.

The main thing you should think about is benefit level. Do not let the Metal levels fool you when it comes to benefit level. All plans are not created equal as you will find in the differences between HMO, PPO and POS plans. The benefit level describes all of the free benefits that come with a monthly premium and also what percentage of risk you assume as a client of that particular insurance company. Many of our new clients are still stuck on having a Co Insurance and do not fully understand their true liability. Once you have chosen your benefit level, then it is time to take a look very carefully at your liability level.

The liability level is pretty self explanatory when it comes to a deductible, but it is still tricky. Some plans only require a deductible to be met if you are hospitalized while others want the deductible to be applied to all services up to and including prescriptions. When you take time to understand these plans and options that most brokers should point out and often we find others do not, then you are taking unnecessary risk.

When shopping for a plan, do not rely on an insurance professional that does not have all of the answers. It is really not that hard to become fully fluent in all of the insurance jargon and the plans and how they can help each individual client. Quotes are free and our time spent with you is time well spent.

In conclusion, choosing a health insurance policy either on exchange or off exchange we urge you to fully understand all of your options and not just the lowest premium.

About our Insurance Agency

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We put together a quick video telling the world a little bit about why we started, what we do and why we do it. Enjoy and share with your friends. Thanks

Health Insurance Options

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Comrade Financial Group put together this brief video going over changes for Health Insurance under the Affordable Care Act for residents in Maryland, DC and Virginia.

Open Enrollment Confusion

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Most people are unaware that yes Obamacare or Affordable Care Act open enrollment starts on October 1st with effective dates of Jan 1, 2012. That is for individuals and family plans. The Small Business open enrollment will start Jan 1,2014 with effective date of Mar 31, 2012. The majority of the people still don’t have a clue about their current plans and if they will continue through that start of ACA implementation. If your current plan was in place prior to Mar 1, 2010 your plan could be grandfathered but please check to see if the benefit level is increasing to match the new required Essential Health Benefits. If not, then your plan is on the old system of doing things. Please check with a knowledgable broker on the subject if you are unclear.

 

All about Disability Insurance!

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All about Disability Insurance 

Individual Disability Insurance is a great idea.  It is Insurance designed to replace anywhere from 40-60% of your gross income on a tax-free basis should you become Sick or Ill and keeps you from earning an income. All policies are different and it is very detailed so you can’t really shop online for it. You have to contact an Insurance Broker to find out exactly what you need and expect from the policy. If you work in an office, your premiums will most likely be lower than an Iron worker and vise versa. There is Own Occupation which is the most comprehensive you can get. There are other policies like Income Replacement and Gainful Occupation that pay less but that is the best reason to call someone and discuss your options. No one expects to become Disabled, but it happens and there is Insurance for it. You can also use riders to Life Insurance policies and Annuity contracts that can accomplish the same coverage.

Jack Fleming – Ins. Broker


Comrade Financial Group

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Comrade Financial Group

It was time to do a blog posting about my Insurance Agency. Some people have asked me why “Comrade”. Most people don’t understand what Comrade actually means. It means “Friend” or “Ally” and of course over the years there have been many meanings to many words. Coming from a Combat Veteran of the 82nd Airborne Division, it is better to be a friend of Jack, than not. I started this Agency with a passion for helping people with their money.

Over the years and in my own life, saving money and getting the best deal I could was a primary concern. I meet people everyday, some I can help and some I can’t, but I have given my best effort in helping them make their lives better. There is no
secret about Insurance, Its there and will be there long after I am gone. But there are masses that still don’t understand it. They just know that if they pay they will be covered. As a Insurance Broker, there is the innate ability to pick and choose what product best fits the needs of the client. I am not Superman, just a dedicated professional with a tireless passion.

If you have found this blog post, we have just had a chance encounter to help make someone’s life a little better. Thank you all for your continued support and word of mouth advertising. It is greatly appreciated. Thank You!

Individual vs. Group Health Plans

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                  Individual vs. Group Health Plans

There are first some basic fundamentals about insurance.
The first one is that Insurance is by definition the method
of reduction of risk by spreading the risk to many people.
There is a law of large numbers that is applicable for any
Insurance to work. The Insurance companies use mortality
tables and actuaries keep detailed data on Health trends as
well as Life expectancy. So therefore If you are one person
looking for specific type of Insurance, then you might have
a very high premium. However if you are just like or very
similar to a large group of people seeking Insurance for
a common thing like Life Insurance, then your premiums
will be lower. Health Insurance is based mostly on Family
history and risks that are known, either by you answering
a question on the application, or from past Dr. visits and
past medical history. So if 7 people from your family have
all passed away from Heart Disease, then expect your
premiums to be higher. The most important thing with
any Insurance policy is to have a great agent. You can find
one at Comrade Financial Group. Then once you get a
policy, read, read, read and then ask plenty of questions.
Just remember that no question is a stupid questions. It’s
your Life, It’s your Health so step up and educate yourself.
Thanks again for supporting my agency and my blog and I
will be happy to answer any questions that come my way.
Jack Fleming Ins. Broker