Health insurance

Georgii

Georgii

Hi all,

Those of you who trade full time and don't have spouses with health insurance, what have you done to get insurance? Do you buy into the group plans? Any other ideas?

Thanks for any advice...
 
Quote from Georgii:

Hi all,

Those of you who trade full time and don't have spouses with health insurance, what have you done to get insurance? Do you buy into the group plans? Any other ideas?

Thanks for any advice...
More...

Check out various plans at www.ehealthinsurance.com. That's where I got mine through BC/BS.
 
I use NASE (National Association of the Self Employed) they offer Mega Life and Health. I found they were about half the cost of Blue Cross Blue Shield with comparable service. I have used them for 1-2 years now with no problems whatsoever.
 
If you belong to a professional society of any sort, check with them. I'm an enginerd and belong to IEEE. They have every kind of insurance coverage imaginable. I have life and supplemental disability through them since these were the best deals I could find.

I still have a day j.o.b. so I haven't looked at the health insurance yet.
 
Quote from fxRichard:

I use NASE (National Association of the Self Employed) they offer Mega Life and Health. I found they were about half the cost of Blue Cross Blue Shield with comparable service. I have used them for 1-2 years now with no problems whatsoever.
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Google Mega Life. It's a total scam. Here's some of the results that turn up:

Former MEGA Life Sales Reps & Customers Report Shady Practices
MEGA Life, the low cost health care insurer, has been investigated by a majority of state insurance departments for its business and claims practices. Many of MEGA Life’s former sales representatives and customers have voice ...

MEGA Life Cannot Claim Ignorance of Its Own Guidelines
The MEGA Life and Health Insurance Company cannot claim ignorance of its own guidelines according to a Texas judge who recently ordered the insurer to make good on a life insurance policy.

MEGA Ordered To Refund $4.6M in Premiums and Pay Record $1M Fine
MEGA Life and Health Insurance Company has been ordered to refund $4.6 million in overpaid health insurance premiums to Maine consumers – plus an additional $1 million in civil penalties for four years of calculating those pr ...

MEGA Life Agrees To Stop Shady Practices in Massachusetts
MEGA Life and Health Insurance Company (MEGA) is in the news – again. This time, the company has preliminarily agreed to stop certain of its practices in the state of Massachusetts that are meant to deceive consumers.

Better Business Bureau Gives Mega Insurance Company Lowest Rating
The Better Business Bureau, a private non-profit organization which provides businesses and consumers with information on complaints filed against companies, has given Mega Life Insurance Company its lowest possible rating.

Major Insurance Investigation Leaves MEGA Life Facing Hefty Fines
MEGA Life and Health Insurance Company, along with its parent and sister companies, HealthMarkets, Mid-West National Life and Chesapeake Life insurance companies, recently scored very low on a multi-state insurance examinatio ...

Be Wary When Your Insurance Agent Says ‘Everything Will Be Covered’
any Americans without health care insurance are turning to private insurance companies for coverage. These companies know they have a captive audience and often tell consumers anything they want to hear – such as ‘don’t worr ...

Family Left With $200,000 in Unpaid Bills – And They Had Insurance
A California family recently filed a lawsuit against Mega Life Insurance Company after their agent told them that they would be covered for certain medical expenses and then were not.

When Is Healthcare Coverage Not Worth The Premiums?
Sometimes healthcare coverage is not worth the premiums we pay for it. Several states, including Delaware and Massachusetts, have come forward and accused Mega Life Insurance Company for doing just that.

Mega Insurance Co.’s Broken Promises Leave New Parents Broke
Mega Insurance Company’s broken promises to new parents left them with unpaid medical bills that their agent specifically told them would be covered. This is another example of Mega’s agents telling policyholders whatever th ...

Delaware Fines MEGA Life Insurance Co. $500,000 for Insurance Violations
The Delaware Insurance Commission fined MEGA Life & Health Insurance Company of Texas (MEGA) $500,000 for steering customers into individual health insurance policies, failing to provide state-required coverages, engaging in ...

MEGA Life and Health Insurance Company Policies May Not Provide Promised Health Insurance Coverage
If you purchased a healthcare policy from MEGA Life and Health Insurance Company (MEGA), you may not have the kind of coverage that was promised to you.

Insurance Scams Focus on the Self Employed
Insurance companies offering low cost medical policies to the self employed may not provide adequate coverage.

What to Do If You’ve Purchased Policies from MEGA Life and Health Insurance Company
Purchasers of a healthcare policy from MEGA Life and Health Insurance Company (MEGA) may have potential legal claims.
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Interesting, I will have to do some research now. Like I said I have used them for about 2 years with no problems however this makes me wonder now.....
 
You could look into an HSA account plan with a high deductible. I was quoted 116 a month for a 5k deductible plan with BC/BS. (single)
 
Quote from wartrace:

You could look into an HSA account plan with a high deductible. I was quoted 116 a month for a 5k deductible plan with BC/BS. (single)
More...

I've got a similar plan from my local BC/BS plan. It is accepted in all 50 states. It comes in handy if you are bitten by a shark in Florida, if you ski off a cliff in Colorado or if your parachute fails to open while you are sky diving over the Grand Canyon in Arizona.

It is best if your health inc. co is "admitted" to do business in your state. Admitted insurance co's are regulated by the state dept of insurance and have to meet certain standards. The local BC/BS plans in all 50 states are admitted insurance co's.

Non-admitted insurance co's operate outside of the state and thus have a wider latitude to deny/not pay claims (esp. large $ claims.) They will usually pay the small claims to keep the premium revenue coming in.

Some insurance carriers do have an unfavorable reputation within reimbursement circles and thus not all providers (doctors/hospitals) will accept the insurance from certain insurance carriers. This can be a problem if you are on vacation, etc.
 
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