Health Insurance

16 replies [Last post]
newoldmember's picture
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Joined: 2008-03-04

What are all of you doing for health insurance? 
 
I am thinking about striking out on my own, but getting health insurance has me worried.  My wife doesn't have insurance at work, and 1 of my kids has a potentially big dollar preexisting condition.  I have talked to LPL, and the plan they have doesn't have coverage in my area.  They are checking to see if they could put me on another network, and I am waiting for them to call back.  My understanding, which is limited, is that I need to go from group to group or risk that my kid will have a preexisting condition exclusion.  I am just wondering if there are other options I need to explore.
 
I have been a semi-regular poster on this board for the last few years.  While I haven't outright identified myself in my posts, if my BOM reads this board he has probably figured out who I am, which is why I did the new login name.  I haven't decided to leave yet, but for a couple of reasons I have decided it is a good idea to explore my options at this time.  If I do leave, don't worry I will post the details under my real fake name.

Indyone's picture
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Joined: 2005-05-30

Depending on where you live, your state may have "pool" insurance.  It is expensive and not great coverage, but I don't think it excludes pre-existing conditions.  Have you asked an independent health agent in your locale?

PMPFinancialResearch's picture
Joined: 2008-03-17

PMP Financial Research offers independent reps (as well as their staff) fully insured group health, vision, and dental.  We'll hire you (and your staff) on a part-time basis to complete research projects (generally 3-5 projects per year), which are completed online, and you will be paid for.  Each project is timed to take no more than one hour.The qualification process is easy, and can be completed in just a few minutes on our companies website, http://www.pmpnet.info

doberman's picture
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Joined: 2005-02-22

PMPFinancialResearch wrote:PMP Financial Research offers independent reps (as well as their staff) fully insured group health, vision, and dental.  We'll hire you (and your staff) on a part-time basis to complete research projects (generally 3-5 projects per year), which are completed online, and you will be paid for.  Each project is timed to take no more than one hour.The qualification process is easy, and can be completed in just a few minutes on our companies website, http://www.pmpnet.info
 
Sniff, sniff...What's that I smell?

IndyEDJ's picture
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Joined: 2006-12-13

Raymond James now has an agreement throught My Back Office.  To cover my family of 4, it was $1100 a month. Wherever you go, you might want to look them up.  http://www.mybackoffice.biz/

IndyEDJ

Spaceman Spiff's picture
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Joined: 2006-08-08

Holy cow!  $1100 a month?  Does that include dental and vision or just medical?  And they say that Jones benefits are expensive. 

IndyEDJ's picture
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Joined: 2006-12-13

Spiff:
 
Medical only but prescriptions drugs are included.  Heck, no physicals and it is a lot less than I am paying now!
 
IndyEDJ
 

snaggletooth's picture
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Joined: 2007-07-13

For better or worse, I have Regence Blue Cross Blue Shield.  It's a pretty good program for myself.

Broker24's picture
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Joined: 2006-10-12

newoldmember-
 
No matter what you do, make 150% certain, in writing, before you give notice, that any new coverage will cover the pre-existing condition.  I don't know what the condition is (hopefully not too serious), but that could be catastrophic financially (I know you know this).  I am making this point, because in a past career, I was the finance director for a company that ran into this situation.  We hired someone who had a pre-existing condition (not that we knew this in advance), and in his own due-dilegence, seemed to think it would be covered.  Well, after much run-around, it was not.  Because of the circumstances, we attempted to make him "whole" financially (basically because we deemed it to be the fault of our carrier, and them giving "ambiguous" information), but it cost us thousands of dollars (like $180K).  Of course, don't count on this happening to you.
 
The moral of the story - Get-it-in-writing.

Broker24's picture
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Joined: 2006-10-12

One other thing, in my past life, we used a benefits/insurance consultant when we renewed coverages each year.  He was an impartial analyst that looked for the best options for us, and handled the negotiations.  Many firms use them.  You might try asking any potential firms to speak with this type of person if they have someone.

WestH's picture
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Joined: 2008-03-29

My 2 kids & I have Blue Cross Blue Shields, & my wife has Unicare.  We're paying around $350 for the family, $2500 deductible PPO.  Just plain jane catastrophy coverage.
Luckily we have never had any medical hospitalizations that we have exceeded the dedcutible over the past 15 yrs.  We work out every day & keep our kids active. 
 
I can't understand how/why our previous B/D Edward Jones & my current LPL, can't have/find a better group rate.  Their rates are astronomically high, in the $800 - $900 a month range for our family of 4.
 
We continuously keep a lookout for better plans & rates, but it seems like it's harder to find....

Broker24's picture
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Joined: 2006-10-12

Actually, at Jones I pay $175/mo. for the HD plan for family of four.  Same deductible as yours.  After that it pays 100%.  And most routine visits (wellness, physicals, "women" visits, etc.) are covered 100% with no deductible.

noggin's picture
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Joined: 2004-11-30

Broker24 wrote:Actually, at Jones I pay $175/mo. for the HD plan for family of four.  Same deductible as yours.  After that it pays 100%.  And most routine visits (wellness, physicals, "women" visits, etc.) are covered 100% with no deductible.
Broker24- Jones is paying half because you aren't yet out 46 months, once you do the true cost that you will pay for HD is  $348.

WestH's picture
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Joined: 2008-03-29

Broker24:
Wow, that's a great rate.
What company is that through?
Any exclusions?
You're in a big city or small town?
Guess it's also based on you're being 36 years old, & probably w/ a young family.
Wonder what's the true price for us old farts....
 

stokwiz's picture
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Joined: 2004-12-04

Go to esurance.com and run quotes. Good search engine set up with several companies.
 
Stok

Broker24's picture
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Joined: 2006-10-12

WestH wrote:Broker24:
Wow, that's a great rate.
What company is that through?
Any exclusions?
You're in a big city or small town?
Guess it's also based on you're being 36 years old, & probably w/ a young family.
Wonder what's the true price for us old farts....
 
 
It's a group rate - there's no underwriting or age classifications.

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