What is Critical Illness Insurance?

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.

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Why get a Health Savings Account(HSA) plan?

As open enrollment has just ended, there’s no doubt that Americans have one thing on their mind (aside from the holidays) and that is their health insurance and how much it’s going to cost. Though it has grown in popularity in recent years, many people still don’t really know much about the Health Savings Account (HSA) option when it comes to their healthcare.

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Healthcare.gov Circle of Champions

Congratulations!

Your strong performance enrolling individuals and families in Marketplace coverage has earned you a spot in the HealthCare.gov Elite Circle of Champions for 2018.

You may have received materials recognizing you as a member of the HealthCare.gov Circle of Champions for helping individuals and families make at least 20 plan selections. You’ve now attained status in the Elite Circle of Champions because you have helped individuals and families make 100 or more plan selections during this year’s Open Enrollment Period. Continue reading “Healthcare.gov Circle of Champions”

HMO’s and PPO’s, What’s the difference???

When it comes to health insurance plans, you’ve probably heard a lot of acronyms get thrown around – the 2 most common being HMO and PPO. Some people prefer an HMO and others prefer a PPO plan, but do you know the difference? First there’s the Health Maintenance Organization (HMO) which gives you access to certain doctors and hospitals within “the network”. The other option, is the Preferred Provider Organization (PPO) which also features a network of providers but contains fewer restrictions on seeing non-network providers. While everyone loves choices in life, sometimes those choices can be more difficult and choosing your type of health insurance is not a decision you should take lightly. Continue reading “HMO’s and PPO’s, What’s the difference???”

Curious About Trump’s Healthcare Order?

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?”

Open Enrollment is Coming!!!!

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!!!!”