Many individuals, families, students and small business owners are looking for a cheap health insurance plan in this economy.
2 Solutions to offer:
1 - Smart Sense
2 - Short Term Insurance
Option 1 - SmartSense: The Smart Sense Plans have $7,000,000 dollars in coverage per person, $30 copays, and Rx coverage. Deductibles range from $500 - $7,500, and families will have only 2 deductibles per year per family. Individuals, 1 deductible, and yes, it is a "Credible Coverage" Major Medical plan. The SmartSense Plan is new to Nevada and extraordinarily popular due to our economy.
Option 2 - Short Term Insurance: A very inexpensive way to go. A Short Term Plan works similar to a Cobra Plan, however, a few points to note: It will not cover any pre-existing conditions, and the longest term you can get is 6 months. You'd have to sign back up after 6 months, and you have only 2 terms total you can sign up for which you could potentially make last 1 year. A short term plan would have to be underwritten just like a Major Medical plan, but can fit perfectly for you if you are changing jobs, loosing coverage for whatever reason, and need temporary insurance. Last note, you'll have to pay the whole term at once, whether 30 days or 180 (6 months).
It's very important to understand Major Medical (MM) vs. Discount Plans.
There are several types of health plans that are available. If you buy a plan that is not "Underwritten" and is "Guaranteed Issue" you are not buying a Major Medical Plan. These plans will go through a process called "underwriting."
Some plans will pay a certain dollar amount for a procedure, or a certain dollar amount per day while in the hospital. IT IS CRITICAL you understand the implications financially if choosing a non Major Medical plan. Your chance for greater personal losses including Bankruptcy exist with non-MM plans. If you are shopping price with health insurance, and you decide on a discount or limited liability plan, YOU HAD BETTER UNDERSTAND WHAT YOUR RISKS ARE if you end up needing to use that "insurance." Also, ask your Dr. BEFORE you buy, does he/she take the plan.
MM plans are designed to pay for MOST of your medical expenses when you become ill or injured. You'll want a MM plan from a reputable company that has "Credible Coverage." Discount plans or Limited Medical Plans are NOT designed to protect your losses like MM plans are. They are marketed as "Insurance," but you MUST ask, is it a Credible Coverage MM plan that will be underwritten? A key give-away is if the plan says you are "Guaranteed" this is Not a MM plan.
When you are shopping for a health plan to protect yourself financially from medical bills and bankruptcy, there are many things to consider. Probably the most important thing is to consider is what "Type" of plan you are getting.
Shelly Rogers is a Retired Nurse and Licensed Health Insurance Agent In Nevada. Her desire is that those that are seeking for a Health Plan KNOW what questions to ask BEFORE they buy.
Blog is found at:
http://www.ppoinsurancenevada.com/
FOR SMARTSENSE OR SHORT-TERM IN NEVADA - Click Here http://www.GreenValleyHealthInsurance.com
Shelly may be reached at (888) 786-2685
