Each year thousands of people are diagnosed with a serious illness, and it can be an incredibly large financial burden on them and their families. When it comes to your health insurance coverage, your standard health plan alone may not be enough to cover those high costs. What you may not know is that you can often opt in for critical illness coverage in many health plans. Maybe you have heard of critical illness insurance before, but you might not be familiar with what exactly it is. Critical illness insurance may help to offset expenses that might not be covered under your employer’s existing medical insurance and disability plans, similar to an HSA but also different.
When it comes to choosing insurance plans, the sheer amount of information can be rather overwhelming. With open enrollment for 2018 beginning this month, it’s important to know your options for providing coverage to your employees. One such option that we recommend is a small group health insurance plan which has many advantages for small businesses and provides great coverage to your team. Employees invest a substantial amount of their time and energy into your business, they should receive compensation other than just a paycheck to reward them for that effort – in the form of healthcare benefits. Continue reading “Why Look at Small Group Health Insurance?”
Many of our clients have been asking about the recent executive order signed into effect by President Trump relating to healthcare. We want our clients to have the best possible information about how this executive order will affect them, and we seek to provide you with just the facts. This executive order will change some things about our healthcare system, but it will take time to implement so we need to remain calm and patient as these changes happen. The primary directive of this order is to increase competition and choice of healthcare coverage, however it also creates issues with the existing affordable care act (ACA). Continue reading “Curious About Trump’s Healthcare Order?”
It’s almost that time of year again folks, the time of year for health insurance open enrollment. This year’s enrollment is for coverage in 2018 and runs from November 1, 2017 through December 15, 2017. However if you meet certain requirements, you may qualify for a special enrollment period and can apply now.
The open enrollment periods for health insurance was created thanks to The Patient Protection and Affordable Care Act (or ACA for short), which President Obama signed into law on March 23, 2010. This healthcare reform created the ability for the majority of Americans to get healthcare coverage, whether their employer covers this insurance or not. It is important that if you’re attempting to get a new health insurance plan you file within the open enrollment to make things the easiest possible. It can be a little overwhelming to go through this application process and there are often a lot of options for your coverage which can be daunting to navigate, that’s where we here at The McCormick Agency can help! Continue reading “Open Enrollment is Coming!!!!”