$10,000 to $25,000 deductibles

Apr 2, 2008

  1. joshril
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    joshril Guru

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    Does anyone have a carrier in TX that writes affordable high deductible plans (i.e. $10k-$25k)?

    I have a couple of doctors that are looking for something like this.

    I want something that will pretty much pay 80/20 or 100% after meeting this deductible. No major internal caps. Just a basic bare-bones, high-deductible plan.

    I have seen some agents using these types in plans in conjuction with limited benefit plans to create a shared risk plan.

    Any thoughts on this?

    My only issue would be finding a limited benefit plan that is affordable enough to make this situation work and the "ease of use factor" for clients...
     
    joshril, Apr 2, 2008
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  2. somarco
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    somarco That Medicare Guy

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    World, Time . . . both offer high SIR plans to $25k. Deductible, then 100%. Simple plans. No moving parts. I have a few clients on these plans.

    I think GTL does too, but I wouldn't offer that to a goat.
     
    somarco, Apr 2, 2008
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  3. joshril
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    joshril Guru

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    Thanks Somarco.. I've honestly never really looked closely, but you're right.. Just what I need!

    Thanks!
     
    joshril, Apr 2, 2008
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  4. STIBROKER
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    STIBROKER Like My post and enter the DRAWING,,,, Moderator

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  5. joshril
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    joshril Guru

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    Does a shared risk approach ever make sense?

    Interested in feedback on this... There is a guy in my area selling high deductible plans with UA to "cover the gap" and pay the $25,000 deductible. I'm sure commissions are nice on this type of situation, but curious if these shared risk combos ever make practical sense?
     
    joshril, Apr 2, 2008
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  6. somarco
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    somarco That Medicare Guy

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    The "shared risk" approach makes a lot of sense to the agent.

    From a risk/financial standpoint it is a waste of the consumers money.
     
    somarco, Apr 2, 2008
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  7. joshril
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    joshril Guru

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    That is pretty much the conclusion I have made from the plans I've seen. Assuming that you could find a quality limited benefit plan that was actually inexpensive, I could see this working..

    How many oxymorns were in that last sentence...? lol
     
    joshril, Apr 2, 2008
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  8. somarco
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    somarco That Medicare Guy

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    Is this a trick question?
     
    somarco, Apr 2, 2008
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  9. Ahnuld
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    Ahnuld Super Genius

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    Why not self-insure?
     
    Ahnuld, Apr 2, 2008
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  10. somarco
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    somarco That Medicare Guy

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    Ahnuld I am going to get you.

    Your new avatar had me wanting to slap my screen to kill the bug.
     
    somarco, Apr 2, 2008
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