- 188
I am looking at some limited benefit plans for a group of mine for their part time EE's. I am looking at: Optimed, Nationwide, and Colonial.
Who else should I be looking at?
Who else should I be looking at?
Limited Benefit Plans
- Thread starter JosephDeacon
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- 5,056
Are these part-time EE's uninsurable?
If not, sell them an STM plan instead.
If not, sell them an STM plan instead.
- Thread starter
- #3
- 188
Interesting approach. I suppose I could do that. Although I am not a huge fan of limited bene plans, I might have to argue that a quality LB plans are of greater value than STM plans.
STM covers no pre ex, but LB plans have caps, limitations, etc.
I will think it over though, thanks.
STM covers no pre ex, but LB plans have caps, limitations, etc.
I will think it over though, thanks.
- 5,056
Consider first that 'quality limited-benefit plan' is an oxymoron.
And I would rather have an stm that doesn't cover pre-ex than a mini-med.
JMHO
And I would rather have an stm that doesn't cover pre-ex than a mini-med.
JMHO
- 4,096
JD
Not be a prick but I think you educate yourself more on Limited Benefits plans. You posts do not make sense.
Not be a prick but I think you educate yourself more on Limited Benefits plans. You posts do not make sense.
- Thread starter
- #6
- 188
ABC - no offense taken, but I know exactly what a limited benefit/mini med plan is. I also know exactly what a short term medical plan is.
I was basically thinking out loud; that or my ADD was kicking in. I will try to make more sense with future posts. I do realize that limited benefit plans are not considered to be comprehensive coverage; I work in the major med group market and was just trying to find some other viable options for my client at their request.
After thinking it over, I do agree that a STM is probably "better" for a client in my eyes. However, a lot of these lower paid EE's are going to balk at the fact that it has no doctor copay, no pre-ex, and minimal RX coverage if at all. At least with a limited benefit plan, they get some first dollar coverage. I would love to just add them to the group health plan, but they are contract EE's/part time, and the company wants to offer them something.
I hope that everyone was able to comprehend this post.
I was basically thinking out loud; that or my ADD was kicking in. I will try to make more sense with future posts. I do realize that limited benefit plans are not considered to be comprehensive coverage; I work in the major med group market and was just trying to find some other viable options for my client at their request.
After thinking it over, I do agree that a STM is probably "better" for a client in my eyes. However, a lot of these lower paid EE's are going to balk at the fact that it has no doctor copay, no pre-ex, and minimal RX coverage if at all. At least with a limited benefit plan, they get some first dollar coverage. I would love to just add them to the group health plan, but they are contract EE's/part time, and the company wants to offer them something.
I hope that everyone was able to comprehend this post.
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