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Affordable Health Insurance- A Smart Decision

There are many different factors that go into making a smart Health Insurance decision. There are two ways to ensure that you make the right decision: Ask the right questions and be sure to get the right answers from an experienced healthcare broker about the various plans available.

Questions that you ask may be:

  • What are my options for my family or myself?
  • What is the difference between Traditional, High Deductible HSA, PPO, and HMO coverage?
  • I have Medicare, do I need long-term care insurance?
  • What are the annual maximum “out-of-pocket” costs?
  • What is the difference between coinsurance and co-payment?

MillerWade can put their expertise to work for you. After analyzing your specific needs and objectives, we will help you determine which carrier(s) should be considered. That is why we request proposals from all the major health insurance providers to obtain the most competitive and affordable bid for you to consider.

Individual Health Insurance

When you compare individual health insurance quotes from multiple carriers you save both time and money. Take advantage of the online resources provided here to evaluate the individual health insurance plans available, and make a more informed decision about the one that’s right for you. Once you have compared coverage and rates side-by-side, you can conveniently purchase your health plan online, but remember you are never under any obligation.

Finding affordable individual health insurance plans is not as easy as it was years ago. There is no one “best” plan, but there are some individual health insurance plans that will be better than others for you and your family’s healthcare needs and preferences. Your preferences will determine not only which health plan is best for you, but also what type of health coverage (i.e. PPO, HMO, Health Savings Account, or Indemnity plan) will best meet you and your family’s needs.

Remember, comparing the monthly premiums of multiple health insurance plans before you buy is a wise move and will help you find an affordable health insurance plan quickly.

Group Health Insurance

Health insurance is certainly the foundation for any Employee Group Benefits Package. Unfortunately, health insurance costs continue to escalate due to increasing medical costs and high utilization. You can’t live without it, but it is becoming hard to live with it. Are you worried about these rising costs? Another question many company owners are asking is, “Are there viable options we can consider or implement to minimize these increasing costs and still maintain an acceptable level of quality for our employees?” The answer is yes, and MillerWade is committed to providing you every possible option available, even some creative variations that can save you and your employees a tremendous amount of money. Some of these may include Health Reimbursement Arrangements (HRA’s), Health Savings Accounts (HSA’s), or Integrated Plans.

A Major Choice for Your Employees

Health insurance may in fact be the largest investment you are making on behalf of your employees as part of your overall Employee Group Benefit Package. Therefore, you need to make sure that your health insurance selection is the best option available for you, based on price, flexibility and quality.

Health insurance coverage is ever changing and it is our responsibility to keep you informed of those changes and options. In the state of Utah, you have several choices of group health insurance coverage: These include Altius Health Plans, CIGNA, Humana, Regence Blue Cross Blue Shield of Utah, SelectHealth, UnitedHealthcare. We represent all other insurance carriers that do business in Utah or anywhere in the United States for that matter.

Do you qualify for Group Health Insurance?
To obtain a group health insurance policy, you must have a minimum of two (2) employees that work at least thirty (30) hours or more per week. Some carriers also require that eligible employees receive a W-2 wage.

How do you apply?
The first step is to talk with one of our Employee Group Benefit specialists. As part of the process, you will be given a Group Health Request Form that will allow you to begin gathering all the necessary census information on your employees. This document is vital in being able to generate group insurance proposals. In order to complete the document you must obtain the following elements: name, gender, age (of both employee and spouse, if applicable), and family status. Also be sure to list the number of eligible dependent children. If you or any eligible dependent does not wish to have any coverage, we must know this in advance of the application process.

Once the plan is in effect, an employee can only change his/her coverage during the open enrollment period or when a LIFE EVENT occurs, such as: marriage, legal separation or divorce, adding a dependent child through birth, adoption, or change in custody, spouse or a dependent dies, dependent loses eligibility for coverage, spouse loses or qualifies for health coverage through his/her employer. When you experience a qualifying change, you have 30 days from the date of the event to complete and return a completed application to our office.

There are some employers who look at the option of dropping their group insurance plans and letting their employees “fend” for themselves. The serious downside to this is that certain individuals will undoubtedly fall into un-insurable status while others lose access to maternity coverage, both of which are the main disadvantages of purchasing an individual health insurance plan.

In most cases, you can elect to begin a group plan the 1st or 16th of any month. Open enrollment is generally held for 30 days once a year, just prior to the anniversary date. During this time, you may change your benefit elections as you desire. After the open enrollment deadline, however, you may not change your benefit elections until the next open enrollment period, except in the case of a “life event” change.

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