Un-covered’s Post

We work on building relationships with all of our insurance clients so that we can truly educate them on scams that are happening regarding health insurance. Free money always sounds amazing, but when tax implications are involved, it's not very fun anymore. When in doubt, always call your broker before clicking on anything or providing your information over the phone. Remember....if it's too good to be true, it probably is. ;-) #healthinsurance #ACAmarketplace #subsidyeducation https://lnkd.in/d9WVmvdj

Calling all #payers! This article references that a survey found that health insurance is behind property and casualty coverage when it comes to customers' satisfaction with their platforms. Commercial plans earned an average score of 646 on a 1,000 point scale for satisfaction, and MA plans earned a 629. Let our team help you in creating an intuitive, customer-friendly experience for your members!

I took a little bit of heat on here about a month ago for predicting that the Elevance acquisition of BCBS of Louisiana may not happen. Seems like the deal announced in January is facing some additional headwinds. Below is the information from my original post: Elevance already owns multiple health plan brands, and Louisiana would mark its 15th BCBS franchise. Let's delve into their BCBS acquisition history: Origin (1946): Elevance (formerly known as Anthem) started in Indianapolis, Indiana, as Mutual Hospital Insurance Inc. and Mutual Medical Insurance Inc. By the 1970s, they dominated 80% of Indiana's medical insurance market. In 1972, Blue Cross of Indiana and Blue Shield of Indiana (the two firms) entered a joint operating agreement, marking the onset of their BCBS acquisition journey. Kentucky (1993): Acquired the BCBS plan through the purchase of Community Mutual Insurance Co. Ohio (1995): Acquired the BCBS plan, which was under Community Mutual Insurance Company. Connecticut (1997): Merged with Blue Cross & Blue Shield of Connecticut. Wisconsin (1999): Purchased Blue Cross & Blue Shield United of Wisconsin. Colorado & Nevada (1999): Acquired both states' BCBS plans in a joint deal. New Hampshire (1999): Merged with Blue Cross and Blue Shield of New Hampshire. Maine (2000): Merged with Blue Cross and Blue Shield of Maine. Missouri (2001): Merged with RightCHOICE Managed Care, Inc., the parent company of BCBS of Missouri. Georgia (2001): Continued its expansion by integrating the BCBS plan. Virginia (2002): Merged with Trigon Healthcare Inc., the state's largest health insurer. California (2004): Merged with WellPoint Health Networks Inc., bringing Blue Cross of California under its umbrella. New York (2005): Instead of a direct acquisition, WellPoint (which rebranded as Anthem in 2014) merged with WellChoice, Inc., the parent company of Empire Blue Cross Blue Shield of New York. Elevance's history with BCBS is extensive, and it will be interesting to see how the situation with BCBS of Louisiana unfolds with the political pressure mounting against them. #healthcare #marketaccess #mergersandacquisitions https://lnkd.in/g8vDtpvq

What Policyholders Must Know about IRDA's Master Circular on Health Insurance Business (29/05/2024)? This article discusses the latest Master Circular on Health Insurance Business, issued on 29/05/2024, which introduced significant changes aimed at enhancing policyholder protection and streamlining claim settlements. 🎯 Read the article to learn more: https://lnkd.in/gJS4sxcm 👉 If you liked this post, please repost and forward it to your groups so that it reaches more people. For more such personal finance knowledge, please join our WhatsApp community (fully private, no spam) by clicking the link below 👇 https://lnkd.in/dtzCHbt6

As health insurance agents gear up to assist their clients during the 2023 Open Enrollment period, one of the most crucial proactive steps they can take is thoroughly exploring coverage options and changes. Read more 👉 https://lttr.ai/APktt #sellinginsurance #openenrollment #HealthInsuranceAgents

Is anyone shocked by that regulators have major concerns? America's largest insurance carriers are very intentionally buying up every facet of healthcare, so they can control not only insurance premiums, but the costs of doctor and hospital services that drive insurance premium increases for you. Objectively, this behavior has been terrible for our economy, our country, our employers, their employees and families. Let giant insurance continue to spend your checkbook at your peril. Opting out of giant insurance is the only way! I am here to help if interested. It has never been more viable then today. #FIREBUCA #SELFUNDED #SELFUNDING #RENEWALS

My mission is to ensure that more people are planning financially for a long term health event. We hear stories of people who spend down to pay and literally “empty out their bank accounts” to pay for care ( to quote one board and care owner). Long term care insurance is the easiest way to plan and pay for care—otherwise families scramble to find funds (reverse mortgage, qualifying for Medicaid, selling life insurance policies, friend and family funds). Talk to your family about your plan for future care #caregiverlove #longtermcareplanning #longtermcareinsurance

Long Term Care Insurance (LTCI) is a crucial aspect of financial planning, especially as the aging population grows. Approximately 70% of Americans reaching age 65 will require some form of long-term care during their later years. Many people mistakenly assume that their health insurance or Medicaid will cover long-term care services, leading to potential financial consequences. Long-term care planning is essential to reduce financial stress for seniors and their families. Learn more about the process: https://lnkd.in/gmeedF6U  #longtermcare #insurance #healthcare

It is sad how businesses accept the rate increases on group health insurance. The agents will say whatever they can to try and scare you from doing anything creative because they haven't figured out businesses would rather pay you on savings vs premiums. The question is who is more important your employees or your agents? Even staying with the same carrier buying it differently and using tax laws to your advantage saves you thousands. This can be done anytime not just at the rip off period which I call renewal time. ClaimLinx.com #owners #Ceo #president #cfo

Transforming the way we approach health insurance! The concept of self-funding can be daunting for many businesses. The potential volatility and risk management involved may seem overwhelming, especially for small to mid-sized companies. However, health insurance captives allow you to reap the rewards of self-funding without having to "go it alone." It's about smart, collaborative healthcare solutions that work for everyone. #HealthInsurance #Captives #SelfFunding #Healthcare