Thursday, 30 November 2017
Thanks for holding. We know your time is valuable....
Health Net...
Application submitted via fax for an individual plan on November 14.
Check sent via Priority Mail. Received on 11/16
11/27 - After being unable to log into the broker site to check status, I called their IFP broker service number. The rep was unable to locate the application and promised to call back the next day. She didn't.
11/30 - Calling again. The phone wait time is quoted as 126 minutes. After 46 minutes, listening to the same inane music and announcements, I believe it.
This is inexcusably rude.
I don't care what excuse they have. How can any business be this disrespectful of someone's time?
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Thursday LinkFest
■ Remember this: "If you like your doctor (or hospital), you can keep your doctor (or hospital)?"
Too bad, so sad. As FoIB Jeff M alerts us:
"[R]estructuring lawyers are now warning that the healthcare industry is about to experience a massive wave of hospital bankruptcies."
Of course,this isn't entirely unexpected: while insurance rates have skyrocketed, that trend hasn't translated to increased provider revenue. In fact, "[h]ealth-care bankruptcy filings have more than tripled this year."
■ Another FoIB, NDH, tips us to this helpful video explaining the Health Care Sharing Ministry model:
How Does MediShare Work?
■ And speaking of health care sharing ministries: I long ago opted to take a pass on selling them because:
"I'm an insurance agent, and I hold myself out (semi-)professionally as such. So if I sell a Medishare plan, which is specifically not insurance, I'd be concerned about an E&O claim in-the-making."
And lo-and-behold, today's email holds this warning from ARN:
"Recent solicitations from Risk Sharing Groups have caused concerns among Life Insurance Agents. Consider a few key points when evaluating an Errors & Omissions Policy"
I had had no idea such programs existed. Apparently, they're available for agents who don't want to pay for legit Errors and Omissions coverage. The plans appear to be modeled on the health care sharing ministries, and are therefore not insurance, so there's some questions about whether any claims will actually be paid.
And there's this, which seems to be a show-stopper:
"In a Risk Sharing Plan the right to reimbursement only occurs once the wrongful act(s) have been entered in court and all appeals have been settled. This could take years."
Yikes.
Too bad, so sad. As FoIB Jeff M alerts us:
"[R]estructuring lawyers are now warning that the healthcare industry is about to experience a massive wave of hospital bankruptcies."
Of course,this isn't entirely unexpected: while insurance rates have skyrocketed, that trend hasn't translated to increased provider revenue. In fact, "[h]ealth-care bankruptcy filings have more than tripled this year."
■ Another FoIB, NDH, tips us to this helpful video explaining the Health Care Sharing Ministry model:
How Does MediShare Work?
■ And speaking of health care sharing ministries: I long ago opted to take a pass on selling them because:
"I'm an insurance agent, and I hold myself out (semi-)professionally as such. So if I sell a Medishare plan, which is specifically not insurance, I'd be concerned about an E&O claim in-the-making."
And lo-and-behold, today's email holds this warning from ARN:
"Recent solicitations from Risk Sharing Groups have caused concerns among Life Insurance Agents. Consider a few key points when evaluating an Errors & Omissions Policy"
I had had no idea such programs existed. Apparently, they're available for agents who don't want to pay for legit Errors and Omissions coverage. The plans appear to be modeled on the health care sharing ministries, and are therefore not insurance, so there's some questions about whether any claims will actually be paid.
And there's this, which seems to be a show-stopper:
"In a Risk Sharing Plan the right to reimbursement only occurs once the wrongful act(s) have been entered in court and all appeals have been settled. This could take years."
Yikes.
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Wednesday, 29 November 2017
Wrapping Up LTCi Awareness Month
As we near the end of LTCIAM, the good folks at Visionary Marketing offer this handy "Protection Decision Tree" to help folks determine what kind of plan might fit them best:
[click to embiggen]
Thanks, VMG!
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Tuesday, 28 November 2017
ObamaCare Fail '17
Courtesy of FoIB Ʀєfùsєηíκ, the latest on this year's Open Debacle Enrollment:
"Obamacare Exchanges are on track to have 18-28% fewer members than at the end of last year's open enrollment."
Hardly surprising, of course, given the current state of premiums.
Here's another 1,000 words on the subject:
#Winning!
[Chart courtesy of Forbes]
from InsureBlog http://ift.tt/2k8OXIp
"Obamacare Exchanges are on track to have 18-28% fewer members than at the end of last year's open enrollment."
Hardly surprising, of course, given the current state of premiums.
Here's another 1,000 words on the subject:
[click to embiggen]
#Winning!
[Chart courtesy of Forbes]
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Monday, 27 November 2017
Much Vaunted National Health System© strikes again
Another day, another MVNHS© screw-up:
"A glamorous equestrian has been left in agony and vomiting her excrement after she claims minor keyhole surgery went horribly wrong"
34-year old Kelly Yeoman was initially hospitalized for a small "fluid filled sac" on her ovary. But by the time the (rocket?) surgeons were done with her, she was left confined to a hospital bed, her body "slowly filling with her own excrement."
And since it's not likely that her care's going to be getting any better under the auspices of the MVNHS© , her family and friends are trying to raise about $13,000 so she can avail herself of private treatment.
And it's urgent:
"[H]er bowel could perforate at any moment – at best meaning she would need a colostomy."
But hey, free!
"A glamorous equestrian has been left in agony and vomiting her excrement after she claims minor keyhole surgery went horribly wrong"
34-year old Kelly Yeoman was initially hospitalized for a small "fluid filled sac" on her ovary. But by the time the (rocket?) surgeons were done with her, she was left confined to a hospital bed, her body "slowly filling with her own excrement."
And since it's not likely that her care's going to be getting any better under the auspices of the MVNHS© , her family and friends are trying to raise about $13,000 so she can avail herself of private treatment.
And it's urgent:
"[H]er bowel could perforate at any moment – at best meaning she would need a colostomy."
But hey, free!
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A Tale of Two Scenarios
Tuesday evening a buddy of mine sent me a text regarding insurance for his employee. Since it's only two employees in his small business they don't offer a group plan. The text exchange below is why the middle class is getting crushed with Obamacare. It's also a huge reason why using a professional insurance agent can make a big difference.
Even with the huge subsidy they will still pay $5100 for a $12,500 deductible. That's 8.5% of their income in premium and an additional 21% of their income if they meet the deductible.
The Affordable Care Act. Well, maybe not so affordable.
from InsureBlog http://ift.tt/2i9v3N8
Even with the huge subsidy they will still pay $5100 for a $12,500 deductible. That's 8.5% of their income in premium and an additional 21% of their income if they meet the deductible.
The Affordable Care Act. Well, maybe not so affordable.
from InsureBlog http://ift.tt/2i9v3N8
Friday, 24 November 2017
Life Happens: Parent’s Sacrifice – and Gift
Roberto Loera spent his winters working at ski resorts in Colorado, and his summers in Mexico with his family. The time came that his family's visas had been approved, and they could be together year 'round.
Unfortunately, that wasn't destined to last; fortunately, he'd listened to his insurance agent:
Unfortunately, that wasn't destined to last; fortunately, he'd listened to his insurance agent:
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