logging in or signing up individual health insurance kentucky kyfreehealthquotes Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: January 18, 2011 This Presentation is Public Favorites: 0 Presentation Description One Source Benefits is the most comprehensive website on Kentucky Individual health insurance Comments Posting comment... Premium member Presentation Transcript Your Top Ten Checklist : Your Top Ten Checklist Buying Individual Health Insurance - Kentucky Tracy McManamon One Source Benefits 877-549-1212 Slide 2: 2 2 1. Cost is More Than Premiums www.kyfreehealthquotes.com Premiums based on many different factors : Premiums based on many different factors Type of coverage Deductible and other cost-sharing features Network Health status Age Gender (where permissible) Geographic location 3 1. Cost is More Than Premiums www.kyfreehealthquotes.com Slide 4: 1. Cost is More Than Premiums Deductibles Amount you pay out of your pocket 4 www.kyfreehealthquotes.com How much are you comfortable paying? : 5 5 How much are you comfortable paying? Lower deductible = higher premium Higher premium = lower deductible 1. Cost is More Than Premiums www.kyfreehealthquotes.com Coinsurance : Coinsurance Health insurance plan payspercentage, you pay percentage Coinsurance may apply only to certain items like hospitalization Use of “in-network provider” services reduces your coinsurance costs Look at your maximum out-of-pocket expenses 6 2. How Coinsurance and Copays Work www.kyfreehealthquotes.com Slide 7: 7 7 Copays You pay fixed dollar amount for doctor visit or prescription 2. How Coinsurance and Copays Work www.kyfreehealthquotes.com Slide 8: 8 8 3. Hospital Coverage www.kyfreehealthquotes.com Review limits : Review limits Length of hospital stays Outpatient treatments Tests Doctor or specialist visits, medication while in hospital, and any inpatient hospital deductible 3. Hospital Coverage 9 www.kyfreehealthquotes.com Provider Networks : Provider Networks Contracted doctors, hospitals, pharmacies, etc. Health insurance plans distinguish benefits and costs by networks “In network” often less expensivethan “out of network” 4. Importance of Networks 10 www.kyfreehealthquotes.com Slide 11: Look for: Preventive care Blood pressure Certain cancer screenings, Type 2 diabetes screenings Vaccinations Annual physicals Routine GYN exams 100% coverage No copay, no dollar maximum No deductible, no waiting period 5. Preventive Care 11 www.kyfreehealthquotes.com Slide 12: 12 12 * At some clubs, participation in this program may be restricted to new club members. Look for: Discounts and savings 5. Preventive Care Eyewear Hearing aidsand services Acupuncture, massage therapy, vitamins Gym memberships * www.kyfreehealthquotes.com Slide 13: 13 13 Work with a pharmacy that is in your health insurer’s network Generics usually cost less than name brands Look for difference in pricefrom generic to name brand Lower copay for generics Check formulary for specific medications 6. Prescription Medication www.kyfreehealthquotes.com Slide 14: Mail order Rx convenience Specialty drugs like insulin delivered to your door 6. Prescription Medication 14 www.kyfreehealthquotes.com Slide 15: Broader-based health insurance plans have most coverage Available in lower and higher deductibles Higher deductible = lower premium Health Savings Account (HSA)-compatible high deductible plans Out-of-pocket can go up to $5,950 for individuals 15 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Health Savings Accounts (HSAs) : Health Savings Accounts (HSAs) Deposit money into special account at bank In 2010 up to $3,050 for single and $6,150 family Pay no tax on amount deposited, grows tax-free No tax on earnings for qualified health care expenses Must use money for health care expenses to qualify for tax breaks 7. Types of Health Insurance Plans 16 www.kyfreehealthquotes.com Health Savings Accounts (HSAs) : 17 17 Health Savings Accounts (HSAs) Can roll over year after year Must have annual deductible of at least $1,200 single, $2,400 family 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Limited benefit plans : Limited benefit plans Also referred to as “hospital plans” Less expensive than broader-based coverage Might be right for people who: Want to save money Consider themselves relatively healthy Want to protect themselves from hospital stays 18 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Limited benefit plans : Limited benefit plans 19 7. Types of Health Insurance Plans Do not usually cover doctor visits or medications May cover generics Know what you’re buying www.kyfreehealthquotes.com What to consider : What to consider Overall health Need for doctor visits, tests, hospitalization Medication now, in future 20 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Slide 21: You’ll be asked for medical history May deny you or charge higher premium based on history Agent should pre-qualify before applying Consider your situation: job transition, early retirement, own business 21 8. Applying for Health Insurance Plans www.kyfreehealthquotes.com Most changes not until 2014 : 22 22 2010 changes include: Temporary government program for those denied due to pre-existing condition Lifetime limits to be lifted Companies cannot cancel or discontinue your coverage retroactively except for non-payment, fraud, or intentional misrepresentation of material fact. No pre-existing coverage exclusions for enrollees under the age of 19 9. Health Care Reform Most changes not until 2014 www.kyfreehealthquotes.com Most changes not until 2014 : 23 23 2010 changes include: No out-of-pocket max for calendar year Will not have to share cost of in-network “recommended” preventive care Eligible dependent childrenokay to stay on plan until 26th birthday 9. Health Care Reform Most changes not until 2014 www.kyfreehealthquotes.com Slide 24: 24 24 10. Who to Work With Professionals Registered, licensed agent Reputable, stable company Will help you Get the right health insurance plan for what you need Analyze your situation Time and advice, no extra charge www.kyfreehealthquotes.com Your Top Ten Checklist : 25 25 1. Cost Is More Than Premiums 2. How Coinsurance, Copays Work 3. Hospital Coverage 4. Importance of Networks 5. Preventive Care Your Top Ten Checklist 6. Prescription Medication 7. Types of Health Insurance Plans Available 8. Applying for Health Insurance Plans 9. Health Care Reform 10. Who to Work With www.kyfreehealthquotes.com Slide 26: 26 26 Aetna Advantage Plans for Individuals, Families and the Self-Employed are underwritten by Aetna Life Insurance Company (Aetna) directly and/or through an out-of-state blanket trust or Aetna Health Inc. In some states, individuals may qualify as a business group of one and may be eligible for guaranteed issue, small group health plans. To the extent permitted by law, these plans are medically underwritten and you may be declined coverage in accordance with your health condition. This material is for information only. Plans may be subject to medical underwriting or other restrictions. Rates and benefits vary by location. Plans not available in all states. Health insurance plans contain exclusions and limitations. Investment services are independently offered by the HSA Administrator. Health information programs provide general health information and are not a substitute for diagnosis or treatment by a physician or other health care professional. Providers are independent contractors and are not agents of Aetna. Provider participation may change without notice. Aetna does not provide care or guarantee access to health services. Not all health services are covered. See plan documents for a complete description of benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by location and are subject to change. Aetna Rx Home Delivery and Aetna Specialty Pharmacy refer to Aetna Rx Home Delivery, LLC and Aetna Specialty Pharmacy, LLC, respectively. Aetna Rx Home Delivery and Aetna Specialty Pharmacy are licensed pharmacy subsidiaries of Aetna Inc. that operate through mail order. Discount programs provide access to discounted prices and are NOT insured benefits. The member is responsible for the full cost of the discounted services. Information is believed to be accurate as of the production date; however, it is subject to change. www.kyfreehealthquotes.com Slide 27: Thank You. Visit Us At 27 13.25.300.1 (10/10) www.kyfreehealthquotes.com You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
individual health insurance kentucky kyfreehealthquotes Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: January 18, 2011 This Presentation is Public Favorites: 0 Presentation Description One Source Benefits is the most comprehensive website on Kentucky Individual health insurance Comments Posting comment... Premium member Presentation Transcript Your Top Ten Checklist : Your Top Ten Checklist Buying Individual Health Insurance - Kentucky Tracy McManamon One Source Benefits 877-549-1212 Slide 2: 2 2 1. Cost is More Than Premiums www.kyfreehealthquotes.com Premiums based on many different factors : Premiums based on many different factors Type of coverage Deductible and other cost-sharing features Network Health status Age Gender (where permissible) Geographic location 3 1. Cost is More Than Premiums www.kyfreehealthquotes.com Slide 4: 1. Cost is More Than Premiums Deductibles Amount you pay out of your pocket 4 www.kyfreehealthquotes.com How much are you comfortable paying? : 5 5 How much are you comfortable paying? Lower deductible = higher premium Higher premium = lower deductible 1. Cost is More Than Premiums www.kyfreehealthquotes.com Coinsurance : Coinsurance Health insurance plan payspercentage, you pay percentage Coinsurance may apply only to certain items like hospitalization Use of “in-network provider” services reduces your coinsurance costs Look at your maximum out-of-pocket expenses 6 2. How Coinsurance and Copays Work www.kyfreehealthquotes.com Slide 7: 7 7 Copays You pay fixed dollar amount for doctor visit or prescription 2. How Coinsurance and Copays Work www.kyfreehealthquotes.com Slide 8: 8 8 3. Hospital Coverage www.kyfreehealthquotes.com Review limits : Review limits Length of hospital stays Outpatient treatments Tests Doctor or specialist visits, medication while in hospital, and any inpatient hospital deductible 3. Hospital Coverage 9 www.kyfreehealthquotes.com Provider Networks : Provider Networks Contracted doctors, hospitals, pharmacies, etc. Health insurance plans distinguish benefits and costs by networks “In network” often less expensivethan “out of network” 4. Importance of Networks 10 www.kyfreehealthquotes.com Slide 11: Look for: Preventive care Blood pressure Certain cancer screenings, Type 2 diabetes screenings Vaccinations Annual physicals Routine GYN exams 100% coverage No copay, no dollar maximum No deductible, no waiting period 5. Preventive Care 11 www.kyfreehealthquotes.com Slide 12: 12 12 * At some clubs, participation in this program may be restricted to new club members. Look for: Discounts and savings 5. Preventive Care Eyewear Hearing aidsand services Acupuncture, massage therapy, vitamins Gym memberships * www.kyfreehealthquotes.com Slide 13: 13 13 Work with a pharmacy that is in your health insurer’s network Generics usually cost less than name brands Look for difference in pricefrom generic to name brand Lower copay for generics Check formulary for specific medications 6. Prescription Medication www.kyfreehealthquotes.com Slide 14: Mail order Rx convenience Specialty drugs like insulin delivered to your door 6. Prescription Medication 14 www.kyfreehealthquotes.com Slide 15: Broader-based health insurance plans have most coverage Available in lower and higher deductibles Higher deductible = lower premium Health Savings Account (HSA)-compatible high deductible plans Out-of-pocket can go up to $5,950 for individuals 15 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Health Savings Accounts (HSAs) : Health Savings Accounts (HSAs) Deposit money into special account at bank In 2010 up to $3,050 for single and $6,150 family Pay no tax on amount deposited, grows tax-free No tax on earnings for qualified health care expenses Must use money for health care expenses to qualify for tax breaks 7. Types of Health Insurance Plans 16 www.kyfreehealthquotes.com Health Savings Accounts (HSAs) : 17 17 Health Savings Accounts (HSAs) Can roll over year after year Must have annual deductible of at least $1,200 single, $2,400 family 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Limited benefit plans : Limited benefit plans Also referred to as “hospital plans” Less expensive than broader-based coverage Might be right for people who: Want to save money Consider themselves relatively healthy Want to protect themselves from hospital stays 18 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Limited benefit plans : Limited benefit plans 19 7. Types of Health Insurance Plans Do not usually cover doctor visits or medications May cover generics Know what you’re buying www.kyfreehealthquotes.com What to consider : What to consider Overall health Need for doctor visits, tests, hospitalization Medication now, in future 20 7. Types of Health Insurance Plans www.kyfreehealthquotes.com Slide 21: You’ll be asked for medical history May deny you or charge higher premium based on history Agent should pre-qualify before applying Consider your situation: job transition, early retirement, own business 21 8. Applying for Health Insurance Plans www.kyfreehealthquotes.com Most changes not until 2014 : 22 22 2010 changes include: Temporary government program for those denied due to pre-existing condition Lifetime limits to be lifted Companies cannot cancel or discontinue your coverage retroactively except for non-payment, fraud, or intentional misrepresentation of material fact. No pre-existing coverage exclusions for enrollees under the age of 19 9. Health Care Reform Most changes not until 2014 www.kyfreehealthquotes.com Most changes not until 2014 : 23 23 2010 changes include: No out-of-pocket max for calendar year Will not have to share cost of in-network “recommended” preventive care Eligible dependent childrenokay to stay on plan until 26th birthday 9. Health Care Reform Most changes not until 2014 www.kyfreehealthquotes.com Slide 24: 24 24 10. Who to Work With Professionals Registered, licensed agent Reputable, stable company Will help you Get the right health insurance plan for what you need Analyze your situation Time and advice, no extra charge www.kyfreehealthquotes.com Your Top Ten Checklist : 25 25 1. Cost Is More Than Premiums 2. How Coinsurance, Copays Work 3. Hospital Coverage 4. Importance of Networks 5. Preventive Care Your Top Ten Checklist 6. Prescription Medication 7. Types of Health Insurance Plans Available 8. Applying for Health Insurance Plans 9. Health Care Reform 10. Who to Work With www.kyfreehealthquotes.com Slide 26: 26 26 Aetna Advantage Plans for Individuals, Families and the Self-Employed are underwritten by Aetna Life Insurance Company (Aetna) directly and/or through an out-of-state blanket trust or Aetna Health Inc. In some states, individuals may qualify as a business group of one and may be eligible for guaranteed issue, small group health plans. To the extent permitted by law, these plans are medically underwritten and you may be declined coverage in accordance with your health condition. This material is for information only. Plans may be subject to medical underwriting or other restrictions. Rates and benefits vary by location. Plans not available in all states. Health insurance plans contain exclusions and limitations. Investment services are independently offered by the HSA Administrator. Health information programs provide general health information and are not a substitute for diagnosis or treatment by a physician or other health care professional. Providers are independent contractors and are not agents of Aetna. Provider participation may change without notice. Aetna does not provide care or guarantee access to health services. Not all health services are covered. See plan documents for a complete description of benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by location and are subject to change. Aetna Rx Home Delivery and Aetna Specialty Pharmacy refer to Aetna Rx Home Delivery, LLC and Aetna Specialty Pharmacy, LLC, respectively. Aetna Rx Home Delivery and Aetna Specialty Pharmacy are licensed pharmacy subsidiaries of Aetna Inc. that operate through mail order. Discount programs provide access to discounted prices and are NOT insured benefits. The member is responsible for the full cost of the discounted services. Information is believed to be accurate as of the production date; however, it is subject to change. www.kyfreehealthquotes.com Slide 27: Thank You. Visit Us At 27 13.25.300.1 (10/10) www.kyfreehealthquotes.com