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I send them to the Obama Pool.
**Health Insurance "Declines" On The Rise??**
- Thread starter AllenChicago
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- health insurance
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Assuming the exchanges are implemented on schedule, almost all underwriters are out of a job come 2014.
Not sure if this is relavant to the post, so sorry in advance if I'm wasting anyone's time, but I just had a BCBS of FL decline for a 62 yr old female b/c of a 3 day hospital stay due to Dysthimia & Hypertension in 3/03 (said it's a decline w/in 10 yrs). Any ideas as to who will take this kind of applicant? Thx in advance.
Why would they all be out of a job? They will still be able to "rate" cases, someone has to make that determination.
If they go to a medicare type approval system, then you would need underwriters during the non GI periods as well.
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- Thread starter
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Since this lady already has insurance, I don't believe the new Obama pool (Illinois Preexisting Condition Insurance Plan) would accept her. It would be $250 a month less than what she's paying American Republic, but because of that sicko clause which says applicants must be uninsured for 6 months, she wouldn't qualify. Thanks for the reply though.
-Allen
- 3,863
Sorry Allen I'm used to all of my leads previously uninsured. Lol.
Just a thought Allan would it be feasible for you to have her drop her major medical program. Buy a mini med for 6 months and also buy say a $100,000 Critical Illness policy to get her through the 6 month if god forbid something major happened and then once the 6 months is up buy the Obama policy.
Just trying to think outside the box a little..
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In the last 20 years I have personally written over $10,000,000 of individual Health insurance.
I think I have a pretty good understanding of the market and the best programs available to help my clients.
Sadly because of National Health Care I will be forced to buy a product through the exchange where I will not be my own agent of recorded or receive commissions on my own policy just so I can qualify for tax credits.
No wait a minute I'm self employed so there are no tax credits for the business owners insurance.
Damn I'm screwed. Thank you Congress and Mr. President
Just trying to think outside the box a little..
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In the last 20 years I have personally written over $10,000,000 of individual Health insurance.
I think I have a pretty good understanding of the market and the best programs available to help my clients.
Sadly because of National Health Care I will be forced to buy a product through the exchange where I will not be my own agent of recorded or receive commissions on my own policy just so I can qualify for tax credits.
No wait a minute I'm self employed so there are no tax credits for the business owners insurance.
Damn I'm screwed. Thank you Congress and Mr. President
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In the last 20 years I have personally written over $10,000,000 of individual Health insurance.
I think I have a pretty good understanding of the market and the best programs available to help my clients.
Sadly because of National Health Care I will be forced to buy a product through the exchange where I will not be my own agent of recorded or receive commissions on my own policy just so I can qualify for tax credits.
No wait a minute I'm self employed so there are no tax credits for the business owners insurance.
Damn I'm screwed. Thank you Congress and Mr. President[/QUOTE]
$10,000,000 premium over 20 years @ 15% averages out to $75,000 a year without any renewals. You won't qualify for the subsidy anyway.
In the last 20 years I have personally written over $10,000,000 of individual Health insurance.
I think I have a pretty good understanding of the market and the best programs available to help my clients.
Sadly because of National Health Care I will be forced to buy a product through the exchange where I will not be my own agent of recorded or receive commissions on my own policy just so I can qualify for tax credits.
No wait a minute I'm self employed so there are no tax credits for the business owners insurance.
Damn I'm screwed. Thank you Congress and Mr. President[/QUOTE]
$10,000,000 premium over 20 years @ 15% averages out to $75,000 a year without any renewals. You won't qualify for the subsidy anyway.
A valid point but I am close.
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Sorry chart didnt copy well.
So anyone making around a $100,000 with a family of 4 will be able to qualify for a subsidy as long as they are not self employed and must buy through the exchange.
Ya I can see a big future agents in health care.
How do premium subsidies work? People purchasing coverage on their own would be eligible for government subsidies (through a tax credit) towards their health insurance premiums based on income. Subsidies would be provided to people with family income between 133% and 400% of the federal poverty level. The most that families buying coverage in an insurance Exchange would pay towards a health insurance premium would range from 3.0% of income at 133% of poverty to 9.5% of income at 400% of poverty, with amounts at specific income levels specified in a table in the law. Subsidies are tied to a benchmark level of coverage based on actuarial value. And, subsidies would only be available through organized purchasing pools called Exchanges.
What is the poverty level? The federal poverty level varies by family size. In 2009, it is $10,830 for a single adult and $22,050 for a family of 4. The poverty level is estimated for 2014 based on Congressional Budget Office projections of inflation.
What is the poverty level? The federal poverty level varies by family size. In 2009, it is $10,830 for a single adult and $22,050 for a family of 4. The poverty level is estimated for 2014 based on Congressional Budget Office projections of inflation.
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Sorry chart didnt copy well.
So anyone making around a $100,000 with a family of 4 will be able to qualify for a subsidy as long as they are not self employed and must buy through the exchange.
Ya I can see a big future agents in health care.
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