What Is Short Term Health Insurance?

By |2020-01-14T00:13:00+00:00December 15th, 2019|Categories: Blog and News, NHIA Blog|Tags: , , , |

Medical insurance is a minefield for many people. How do you know what coverage is right for you? A special type of health insurance that many people are unaware of is short term health insurance. Short term health insurance is highly flexible. It is applicable in a wide range of situations and covers a surprising amount. Read on to learn all about short term health insurance and how it can help you or your family.

Short Term Health Insurance 101

Short term insurance is also called temporary health insurance, or term health insurance, depending on the provider. It is health insurance that is more temporary or bridges gaps in coverage. Temporary insurance is highly useful for people who are in transition periods in their life. It is often cheaper than long term plans, but also is not as full force as long term insurance.

Situations Where Temporary Insurance Can Shine

  • If you are between jobs. Short-term insurance can act as a bridge between job provided coverage. Job hunting is nearly impossible anyway, why add illness to it?
  • If you or a loved one are waiting to be eligible for Medicare coverage.
  • Find yourself without health insurance? Temporary insurance can cover you while you try to sort out a more long term plan.
  • School provided insurance is often short term. Most universities in America require students to have some sort of health insurance. However, not all students are on their parents’ insurance. Universities that require insurance generally offer school-based short term plans that cover a single year, or even a single semester. These tend to be very affordable, as they are intended to aid student who have no other options.

What Is The Duration Of Temporary Insurance?

Oftentimes term insurance plans last a maximum of 12 months, or one year. However, they are typically only designed to provide six months or less of coverage. The lowest amount of coverage possible is usually three to four weeks. This is something that depends entirely on the provider, so shop around for what suits your needs.

What If I Need Coverage For My Family?

As long as that family is legally linked to you, temporary insurance will cover them. However, temporary plans tend to be strict about pre-existing conditions. All family members need to meet the rules of the plan, or they will not be covered.

I Need Coverage, Like, Yesterday. What Do I Do?

The good news is that short term health insurance can go into effect rather quickly. Sometimes even the day after your application is submitted. If you know when your current coverage will end, you can set a start date for the short term plan. This is one of the biggest advantages of short term plans. They provide immediate relief concerning medical coverage.

Shop Around

Nearly everything else about short term health insurance changes from provider to provider. Shop at different health insurance providers near you to find which plan is best for your situation.

Mythbusting Health Insurance Rumors

By |2018-10-16T18:48:10+00:00February 27th, 2019|Categories: Blog and News, NHIA Blog|Tags: |

Health insurance presents quite the challenge in today’s world. There are just so many technicalities and bureaucracy surrounding this issue that it has creates a huge mess of convoluted descriptions and misunderstandings. Fortunately, we live in the digital age where information is readily available. Due to the nature of competition now, insurance providers are making all information easily accessible to customers. This has become a salvation for so many.

With that being said, there are still several myths that surround health insurance so let’s do a little mythbusting to clear a few things up.

Myth #1: Employer Health Insurance is Always Sufficient

Companies tend to offer benefits packages as part of their standard corporate group health policies but even if you have employer provided insurance, do not completely dismiss adding your own personal policy to it. Corporate policies have their place but they might not meet all of your needs. They might require too high of a copayment or they don’t provide sufficient coverage for your family. The earlier in life you get a health insurance policy, the better because the costs are only going to rise as you grow older. But if you get into a policy early enough then you will be “grandfathered” into better rates.

Myth #2: Smokers Can’t Get Health Insurance

Almost half of individuals who are enrolled in health insurance have smoked and consumed alcohol. The feared not being able to find a policy and were shocked when their application was approved. While smokers are considered a higher risk than non-smokers, they are still eligible. However, they can expect to pay a higher premium and will be forced to undergo strict health tests before they are approved.

Myth #3: Healthy People Don’t Need Health Insurance

I cannot even begin to describe how wrong this is. Being healthy and in shape is amazing, but that doesn’t make you any less vulnerable to accidents or illnesses. Accidents will injure anyone. Sickness can take anyone. It’s just life. While being in shape certainly reduces your risk of certain diseases and conditions, nothing completely eliminates them. We see the healthiest of people get cancer and the fittest of people can get into a life-altering car accident. Everyone needs health insurance.

Myth #4: Insurance is Only Useful When You’re Hospitalized

False! First of all, in today’s high technological world we so not necessarily have to be hospitalized to get certain surgeries. Day care procedures like cataract operations and kidney stone removal are all outpatient procedures. There are also preventative health checks that are covered by certain health insurance policies. Dental procedures are another area where insurance is useful. My point is that you should be making the most of your health insurance by having all of your preventative testing done. Don’t worry about your premiums going up either because providers want you to take these tests because preventative health care testing will lower your risk of costly hospitalization.

Don’t be fooled by the many myths that surround health insurance. Learn the facts for yourself and you will be far better off in the long term. In fact, there are a lot of steps you can take to actually save money on your health insurance but these are clouded by common misconceptions.

Head-Scratching Health Insurance Misconceptions

By |2018-10-16T18:39:20+00:00January 27th, 2019|Categories: Blog and News, NHIA Blog|Tags: , |

NHIA Blog header

Health insurance is a topic that often comes with a lot of misconceptions. Did you know that 80% of Americans do not know what basic health insurance terms and the basics of their policy? For instance, there are a number of areas where policy holders can save money that they are unaware of. It’s really shocking! In fact, most of these individuals have fallen victims to a number of head-scratching misconceptions. That’s what this post is going to address. Don’t allow yourself to be ignorant of the most common misconceptions.

I won’t get healthcare services until my deductible has been paid.

This is definitely not the case but I can understand where the misconception comes from. With home and auto insurance, policy holders are often required to pay their deductible before the insurance company will pay the claim. Health insurance follows a completely different set of rules. While you will have to pay your deductible before your insurance will pay for a lot of services, you will still get access to a lot of preventive services before you meet your deductible. Some examples include:

  • Blood pressure screening
  • Blood work for cholesterol
  • Women’s health screenings
  • Immunizations

Premiums for health insurance are unaffordable.

A lot of people fail to explore the depths of their health insurance because they don’t think that it’s affordable for them. However, there are laws in place that allow most people to find affordable health care. Individuals who don’t earn enough to afford high insurance premiums could potentially qualify for Medicare. There are a lot of new laws that have creates a gateway that allows low income families access to health care. The point is that if you do your homework, you can very likely find a plan that falls within your income level. Of course, the regulations surrounding healthcare are constantly changing as politicians use it as leverage for so many other policies so you need to keep an eye on it.

Deductibles will require me to pay huge out of pocket expenses.

Your deductible is a set amount of money that you must pay every year out of pocket. It resets every year so it’s true that insurance does come with some additional costs other than the premium. Copayments are required to be paid at the time we receive the service. Laws are currently changing that limit the amount of out-of-pocket expenses that must be paid so you need to research this. The fact is that this statement is not entirely true and the amount you pay will usually be substantially less than the overall expenses.

My insurance covers my no matter where I get medical services.

False! You must do your homework here because your insurance has a specific network in which you can receive full benefits. Most policies will encourage its members to use these services by making members pay more when they use out-of-network healthcare services. What makes this even more confusing is that the network might be different depending on the plan you choose. Make sure you carefully review your policy.

Don’t fall prey to these misconceptions. Make sure that you understand the facts before choosing your health insurance policy.

Health Insurance Knowledge for Young Adults

By |2018-10-16T18:37:43+00:00January 20th, 2019|Categories: Blog and News, NHIA Blog|Tags: , |

NHIA Blog header

Young adults who are just starting out on life – making their first car payment and paying rent – tend to quickly find out that life is not as easy as they believed it to be. In fact, a recent survey found that young adults believe that health insurance is too expensive. It’s a brand new issue that is unique so it can quickly become overwhelming.

Fortunately, there are services that can help young adults sort their way through this process. It’s time to drop some knowledge on you guys so that you can be equipped to find the best insurance possible.

Did you just graduate college? Are you finally setting out on your own? In either case, being taken off of your parent’s health insurance plan can be intimidating to say the least. Dealing with getting your own insurance often leads to a lot of stress and headaches. Here are some tips to make it easier.

Always Check a Plan’s Network

All insurance plans have a network of pre-approved healthcare providers who are going to easily accept that company’s health insurance. When you have to go out of pocket, then it’s going to cost you more money. You could even end up paying for services on your own. Now that you’re on your own, you need to make sure that the plan you choose has plenty of providers in your local area.

Understand the Laws that Surround Health Insurance

Understand all of the laws that surround your coverage. It’s really troubling at how many young adults do not understand the laws surrounding health insurance. Even though the tax penalty for not carrying insurance was repealed in 2017, this appeal does not go into effect until 2019. So make sure that you are covered so you don’t face this fine.

Understand Subsidies

Once you determine how much you are going to get in government subsidies to help you pay for your health insurance, it will help you decide what type of coverage to get. You can find a number of different types of plans – catastrophic, short term, and even ACA-compliant plans are all available. Since these plans all tend to work in the favor of healthy, young individuals, you might be better off to carry these rather than a full insurance policy.

Special Enrollment Periods can Be a Huge Advantage

There is an annual enrollment period where you will be able to sign up for an individual insurance policy. This is usually around November. Outside of this period of time, you won’t be able to enroll in a self-bought insurance plan unless there is some kind of qualifying incident. In short, the only exception to this enrollment period is people who are getting married, have a child, or move to a new coverage area. In those cases, there is a 60-day window.

The Bottom Line

If you are a young adult, don’t fall prey to the train of thought “I’m young and healthy do why should I waste money on this?” Preventative care is important for people of all ages. Accidents happen so make sure you’re covered in the event that it happens to you!

4 Amazing Ways to Find Affordable Health Insurance

By |2018-10-16T18:33:29+00:00December 16th, 2018|Categories: Blog and News, NHIA Blog|Tags: |

NHIA Blog header

Rapid changes in the healthcare scene have a lot of people scratching their heads about how to find the most affordable coverage. It’s an unsure area where two sides are fighting against each other with our health being caught in the middle. The truth is that just because we have access to a plan doesn’t necessarily mean that we’re getting the best plan. If you’re like me and find this rapidly changing landscape alarming, then keep reading because I’m going to walk you through several tips that help you save money while guaranteeing you get the right coverage.

#1: Determine Which Plan is Best

Price should not be the only factor that you consider when deciding which health insurance plan you are going to get. This is usually the first thing people look at and then they get themselves in trouble when they later discover that the plan did not cover their needs. Choosing the right plan depends on your financial status and the unique needs of your family.

Evaluate the quality of your health insurance plan by looking at how much you have truly paid at the end of the term. This includes all premiums and medical expenses.

#2: Shop Around for the Best Deal

Before choosing a health insurance plan, you need to shop around. There might be a better plan from another company. Plus insurance is a highly negotiable market so if you tell another company that you are shopping around, they might offer you a better deal than what’s being shown on their website. Also, if you currently have health insurance, then you might get a discount from another company as incentive to swap over to them.

#3: Carefully Compare Coverage of Different Plans

One thing that so many people overlook is that they forget to review the different health plans. Sometimes you might find two plans that work well together, yet cost less than one large plan. For instance, if you are married then both people should compare their plans to see which one to keep, or if it’s better to just have separate coverage.

#4: Find a Health Insurance Broker

The insurance marketplace is regulated by the government in order to help millions be able to find affordable coverage. But navigating that marketplace is quite the challenge. It can be intimidating and confusing unless you know exactly what you’re looking for. Having someone who understands the market on your side is a great idea. It can make all of the difference between finding the best deal or getting stuck with a plan that doesn’t cover your needs. Health insurance brokers will also be able to clearly lay out the different options available to you. They also help you with claims. This is definitely the best option for most people.

The Bottom Line

I highly recommend that you review your health insurance plan annually to see if you can get a better deal. There are so many things that change on an annual basis that you need to make sure your plan holds up.

Get the Most Out of your Health Insurance by Following These 5 Tips

By |2018-10-16T18:32:31+00:00December 9th, 2018|Categories: Blog and News, NHIA Blog|Tags: |

NHIA Blog header

Are you getting the most out of your insurance plan? Most people never really bother to sit down and look closely at their plan but we all want to spend as little money as possible while still having all of the coverage you need. This post is going to explore 5 tips that will help you max out every benefit that is available in your plan.

The truth is that your insurance will help keep your healthcare costs much more manageable than if you were responsible for a large chunk of it. Here are seven tips that will help make sure that you’re getting the most out of your health insurance.

#1: Choose the Right Plan

It all starts with choosing the right plan. You do not want to get stuck with the wrong plan. Plan out all of your family’s medical and dental needs and then base your health insurance around that. For instance, if you know that you might need orthodontic work done sometime in the future, then you should add dental to your plan. If you have a disease like diabetes, then you need to be sure that your policy covers it.

#2: Study your Plan Carefully

Keep track of all documents provided by your insurance company so that you can look up any questions you might have. They will show you what you’re paying for each type of service and the rules for your plan. Study this plan carefully so that you are getting the most out of your benefits.

#3: Stick with In-Network Providers When Possible

You will incur the lowest costs when you visit health providers who are within your insurance network. You should plan ahead and make a list of your local health care providers that are within your network. Have all of their contact information saved so that they are easily accessible.

#4: Always Make the Most of it When you Max your Deductible

When you have met the deductible on your plan, you will pay a significantly lower amount of money for healthcare beyond that point. Once you have reached that point for the year, you should schedule appointments to take care of other important checks. For instance, get your eyes checked or get your skin screening done. These are things you need to do anyway so you might as well do it while it’s covered.

#5: Get Prescriptions via Mail Order

If you have long-term prescriptions then you will reduce your hassle and pay substantially less money if you order them through your insurer. You can save a lot of money this way. This intimidates many people but it’s one of those areas where you can save a lot of money by fully utilizing your coverage.

You are already paying for your insurance coverage so you might as well make the most of it. You can also look for other hidden coverage that many plans have. For instance, a lot of plans have discounts on wellness programs and will help more with specific conditions.

Finding a Health Insurance Plan That’s Right For You

By |2018-10-03T18:00:35+00:00November 1st, 2018|Categories: Blog and News|Tags: |

When it comes to health insurance, if you get it through your employer, you usually aren’t afforded a lot of options in terms of plan. However, if you are shopping for health insurance independently, you will likely be overwhelmed with plans. There is really no middle ground. However, if you know what you are looking for, it can make the process of choosing a plan just that much simpler.

What to Consider When Choosing a Plan

Each health care insurance plan will have some key features that you will want to investigate. While which you choose will depend on what sort of coverage and cost you want, each feature below is worth looking into.

  • Category of Plan – The five categories of health care plans – bronze, silver, gold, platinum, and catastrophic – determine how you and your health insurance will split the costs. Typically the higher up the tier you go means the more you will pay for the plan, but the less you will pay for the care.
  • Premiums – Typically all people consider are the premiums, which is what you need to pay each month whether you need medical care or not. Obviously you want the lowest premiums, but the care you will receive is important too.
  • Out-of-Pocket Costs – In addition to the monthly premium, it is crucial to consider what you’re out of pocket costs will be if you do need care. If you don’t need a lot of medical care, having a higher out of pocket cost might be better than a higher premium.
  • Benefits – Some health benefits and free preventative services may differ depending on your plan. This can be especially important to consider if you have a pre-existing condition.
  • In-Network Providers – You definitely want to choose a doctor that is in your plan’s network. If you already have a doctor, you will want to find a network with them in it.

Do you need help figuring out the complicated world of healthcare insurance or looking to get new insurance? Contact us today to see what we can do to help you.

Comments Off on Finding a Health Insurance Plan That’s Right For You

Simplifying Health Insurance in Bradenton

By |2016-06-07T10:57:14+00:00June 7th, 2016|Categories: Blog and News|Tags: |

family2Have you ever talked to your insurance provider and walked away even more confused? Insurance is an industry that uses terms second nature to experts in the field of insurance. Unfortunately, when quoting Health Insurance in Bradenton, some agents use industry terms without pausing to gauge understanding. As a result, most consumers shopping for insurance settle for an insurance plan they do not thoroughly understand.

Below are some key industry terms to help when deciding on your next insurance policy.

Premium – the amount of money paid to have an active health insurance policy.

Premium is the amount you pay each month to keep your Health Insurance in Bradenton policy. The insured pays the premium directly to the insurance carrier responsible for paying if you file a claim. This money does not count toward deductibles or annual limits. This is simply your cost to have insurance. This is the only amount consumers pay unless they file a claim (defined below).

Claim – when a medical need arises whether by an accident or preventive care, this is what you or your doctor will file to retrieve monies to pay for your medical bill. You can only file a claim on covered benefits.

Deductible – this is the amount paid before the insurance company pays any money toward your claim. A consumer is only responsible for this amount if they file a claim.

Consumers buy Health Insurance in Bradenton because accidents do happen and remaining healthy extends life expectancy. The key to buying health insurance is finding a balance between how much you pay per month for your policy while keeping an eye on how much you pay if you use the services covered by your health plan. Most people like to have a lower deductible so the amount of money they pay in a claim is affordable. However, it’s important to remember, a lower deductible usually means you’ll pay more per month for the policy. The best way to gauge which deductible works for you is first determining how much money you can afford for the monthly premium. Then ask yourself how much money you could raise in a short period of time if an accident occurred. These two amounts help narrow the search because you have thousands of options.

Co-pay – this is a fixed amount paid for specific services defined within your health plan. The term co-pay is usually found in cost associated with office visits, specialist visits, urgent and emergency care, and preventative services. These charges do count toward your deductible.

Co-insurance – this term uses percentages and most commonly found in hospital and emergency services. This cost is above and beyond the deductible amount mentioned earlier.

This is basically the percentage of medical costs you pay when filing a medical claim. You want to pay very close attention to co-insurance in medical policies because these costs can quickly skyrocket in a short period of time. In 2011, a survey found the average daily cost to stay in a hospital room ranged from $1,322 to $2,425. Using this daily cost basis with a 80/20 co-insurance requirement, the customer (insured) pays anywhere between $265 and $485 a day. As you can see, co-insurance can quickly add a financial burden if you choose an insurance plan with a high co-insurance percentage.

These are just some of the more common terms used in the Health Insurance in Bradenton industry. Confusing terms is just one reason why consumers should always consult with a professional insurance adviser before purchasing a health policy. Please contact us if you’d like to learn more.

Comments Off on Simplifying Health Insurance in Bradenton

Things to Consider When Looking at Affordable Health Insurance Quotes

By |2015-12-05T12:47:53+00:00December 5th, 2015|Categories: Blog and News|Tags: , |

Looking for affordable health insurance quotes? Even a small, quick trip to your doctor’s office for something as common as a sinus infection can cost you over a hundred dollars. If you need to be hospitalized for almost any reason, your costs will soar quickly. This makes have health insurance coverage essential in today’s modern world. When you are looking at affordable health insurance quotes, there are some things to keep in mind and compare.

Size of the Co-Payment

In some cases, you can get really cheap health insurance if you’re willing to pay an expensive co-payment. If you’re young or in excellent health, this might not be a problem since you rarely need to see a doctor. However, if you visit the doctor several times a year or once a month, this might not be a great deal.

Cost of Prescriptions

It’s no secret that the cost of prescription drugs is skyrocketing. If you already have to take medication everyday, you’re going to want to purchase an insurance plan with significant prescription coverage and low co-payments. Of course, this can increase the amount of the monthly payment of the policy but save you money in the long run.

Lifetime Coverage

Different insurance policies offer various caps on lifetime coverage. This can be a million dollar cap or much more. You might think that this is a lot of money, but hospital bills and long-term care can add up quickly in the event of an accident. You want to make sure that you have enough coverage without paying for more than you need. The amount of lifetime coverage can affect the monthly premium.

At National Health Insurance Agencies, we want to make sure that you get the policy you need. Contact us today for more information or help making a decision.

Comments Off on Things to Consider When Looking at Affordable Health Insurance Quotes

The Four Biggest Mistakes You Can Make With National Health Insurance and How To Avoid Them

By |2015-10-10T17:11:29+00:00October 10th, 2015|Categories: Blog and News|Tags: , |

When your taking on the task of finding national health insurance, there are a number of mistakes you might make. Obviously you don’t want that, so not only will we tell you the four biggest mistakes you can make with this issue, but we’ll clue you in on how to avoid them.

1. Knowledge is power. Many health care consumers do not know basic insurance terminology. Ask questions and do your research. Before reaching any decision make sure that you have a full understanding of what you are paying for, and exactly what it means.

2. The most affordable plan is not always the best. Weigh out the pros and cons in both short-term and long-term care. The most affordable plan will not always be the best one. Less out-of-pocket cost now could result in more out-of-pocket cost later and vice versa.

3. Stay in your network with National Health Insurance. Make sure your insurance plan covers the doctor, hospital, clinic, pharmacy, medication, equipment and procedures. Remember you are the responsible party. You are responsible for any and all health care cost.

4. Take advantage of open enrollment. Even in full health being insured is very important. Incidents or accidents are unforeseen. A trip to the emergency room alone is quite costly.

Valence Health conducted an online survey in 2015, “U.S. Attitudes Toward Health Insurance and Healthcare Reform” that accounted for over 500 U.S. citizens over age 25. 21% have an interest in purchasing insurance through a local hospital or health plan, leaving ample opportunity for more education.

To talk more about this, or anything else, please contact us today.

Comments Off on The Four Biggest Mistakes You Can Make With National Health Insurance and How To Avoid Them

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.
Go to Top