Special Enrollment

The 2017 ACA Open Enrollment period ended on January 31, 2017. To purchase health insurance now, one must experience a “Qualifying Life Event” and as such qualify for a “Special Enrollment Period”. Examples of QLE’s are losing employer sponsored health insurance, moving, getting married or divorced and having a baby or adopting a child. If you qualify for an S.E.P., call us at (630) 674-1551 or click here to email us with questions.

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GAP coverage

GAP coverage provides the solution to high deductibles with ACA plans. The “Bronze” plan has a $6,000 deductible per person. To mitigate your risk you can purchase GAP coverage from Fidelity Security Life. GAP coverage pays your deductible when an illness or an accident befalls you or any insured family member. GAP coverage is a smart way to manage the high deductibles included with ACA “Metal” Qualified Health Plans. To download the brochure and application click here > Medibridge Gap Coverage.

Short Term Insurance

If you miss Open Enrollment you can stay insured between open enrollment periods by purchasing non renewable, short-term health insurance. Short-term or Temporary health plans are not Qualified Health Plans because they do not cover preexisting conditions. However, they are very affordable and coverage can begin as early as the day after you apply and last up to 12 months. Click ‘Get A Quote’ below and select ‘Short Term’ after you enter your information. Scroll Down for More.
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Accident Coverage

Since many consumers are now purchasing the 2014 “Metal” health insurance plans with high deductibles it makes great sense to purchase a Supplemental Accident plan so that you receive a cash payment ($5,000, $7,500 or $10,000) each time any member of your family suffers from an accidental injury (cuts, breaks, sprains, bruises etc). This cash payment can help you pay your health plan deductible. Scroll Down for More Information.
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Preventive Care

2015 Bronze, Silver, Gold, and Platinum ACA Qualified Health Plans cover a comprehensive list of preventive services without charging you a copayment or coinsurance. This is true even if you haven’t met your calendar year health plan deductible. This applies only when these services are delivered by a network provider. Scroll Down for More Information.
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Critical Illness Coverage

Your health insurance will pay for your medical claims but if you suffer from a heart attack, stroke, cancer or other critical illness how will the following bills be paid whilst you are recovering?

 

 

 

  • Mortgage or Rent payment
  • Car payments and insurance premiums
  • Utilities, Groceries and Child Care expenses
  • College costs and Life Insurance premiums
  • Deductibles, Co-pays & Coinsurance
Get Critical Illness quotes

Insurance Exchange

The 2017 ACA Open Enrollment period ended on January 31, 2017. To purchase health insurance now, one must experience a Q.L.E. – “Qualifying Life Event” and as such qualify for an S.E.P. – “Special Enrollment Period”. Examples of QLE’s are losing employer sponsored health insurance, moving, getting married or divorced and having a baby or adopting a child. If you qualify for an S.E.P., you have up to 60 days following that event to enroll in an individual or family health insurance policy. If you miss that window, you have to wait until the 2018 ACA Open Enrollment period begins again on November 1, 2017 and ends on December 15, 2017, in which case your coverage will begin on January 1, 2018. You can however enroll in Medicaid or C.H.I.P. – Chidren’s Health Insurance Plan at any time of the year without a Qualifying Life Event if your income is low enought to qualify. If your income is low enough to qualify. Call us with questions at (630) 674-1551 or click here to email us.

Buying on the exchange? If you qualify for a subsidy please click the link below. You will be able to pick a plan, get your subsidy and finish the entire process in less than 15 minutes. Using our Health Sherpa system is a much faster & more secure process than working with Healthcare.gov

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Shopping from another state? Call us toll free at (866) 724 7123 or scroll down to get quotes from carriers in your state. 

Start Shopping Now for 2017 ACA Qualified Health Plans

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Income levels necessary to qualify for federal health insurance subsidies

Determining your subsidy

Depending on what your 2017 total household MAGI – Modified Adjusted Gross Income = (after deductions but before taxes) will be, you may qualify for a significant APTC – Advance Premium Tax Credit (federal subsidy) under the new health care law to lower your premiums. You may also qualify for a Cost Sharing subsidy to lower your deductible. If your 2016 total household MAGI will be lower than:

$47,520 for an individual
$64,080 for a couple
$80,640 for a family of three
$97,200 for a family of four
$113,760 for a family of five
$130,320 for a family of six

you will be better off financially by shopping for a plan on the exchange (via Healthcare.gov) in order to receive an Advance Premium Tax Credit and/or a Cost Sharing reduction to reduce the premium and deductibles of either the Bronze, Silver, Gold or Platinum Qualified Health Plans.

Please note: If your income is lower than the 2017 Federal Poverty Level Information – 2017 FPL in your state, which is less than 138% of the FPL – Federal Poverty Level in states that expanded Medicaid and less than 100% of the FPL in states that did not.  You will be offered Medicaid will not be able to qualify for subsidized health insurance. You can purchase health insurance even if you qualify for Medicaid but you must do so without a subsidy. Click the chart below to determine the current Federal Poverty Level and percentages above it.

Please also note: If you qualify for a federal health insurance subsidy and your state has expanded CHIP – Children’s Health Insurance Plan – under Medicaid you may not be able to insure your children on your policy. Healthcare.gov will instead send them to Medicaid. You may wish at that juncture to purchase private health insurance at full price for your children instead.

 

If you miss open enrollment you can stay insured between open enrollment periods with Temporary Short Term plans.

You can stay insured between open enrollment periods by purchasing non renewable, Short-Term health or Temporary health insurance. Our recommendation is United Healthcare. United Healthcare is one of the only companies offering Short-Term health insurance that also covers outpatient and inpatient prescription drugs the same as any other illness. Most other carriers who offer Short-Term health insurance do not cover outpatient prescription drugs or if they do, they only cover a small amount after you have paid your health plan deductible. This can lead to catastrophic out of pocket expenses for those who develop a major medical illness outside of open enrollment. Click the logo below for Short-Term health insurance quotes:

 

 

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Compare prices of medical procedures.
Compare the actual prices of medical procedures before you schedule care with Health Engine.

 

 

Get quotes from Blue Cross Blue Shield of Illinois

The 2017 ACA Open Enrollment period ended on January 31, 2017. To purchase health insurance now, one must experience a Q.L.E. – “Qualifying Life Event” and as such qualify for an S.E.P. – “Special Enrollment Period”. Examples of QLE’s are losing employer sponsored health insurance, moving, getting married or divorced and having a baby or adopting a child. If you qualify for an S.E.P., you have up to 60 days following that event to enroll in an individual or family health insurance policy. If you miss that window, you have to wait until the 2018 ACA Open Enrollment period begins again on November 1, 2017 and ends on December 15, 2017 in which case your coverage will begin on January 1, 2018. You can however enroll in Medicaid or C.H.I.P. – Chidren’s Health Insurance Plan at any time of the year without a Qualifying Life Event if your income is low enought to qualify. If your income is low enough to qualify. Call us at (630) 674-1551 or click here to email us with questions.

 

Get quotes from Blue Cross Blue Shield of  Texas

The 2017 ACA Open Enrollment period ended on January 31, 2017. To purchase health insurance now, one must experience a Q.L.E. – “Qualifying Life Event” and as such qualify for an S.E.P. – “Special Enrollment Period”. Examples of QLE’s are losing employer sponsored health insurance, moving, getting married or divorced and having a baby or adopting a child. If you qualify for an S.E.P., you have up to 60 days following that event to enroll in an individual or family health insurance policy. If you miss that window, you have to wait until the 2018 ACA Open Enrollment period begins again in November of 2017, in which case your coverage can not begin until January 1, 2018. You can however enroll in Medicaid or C.H.I.P. – Chidren’s Health Insurance Plan at any time of the year without a Qualifying Life Event if your income is low enought to qualify. If your income is low enough to qualify. Call us directly with questions at (866) 724-7123 or click here to email us.

 

 

Click the logo to shop for Anthem Blue Cross Blue Shield of Wisconsin plans for you and your family. Once you click the logo scroll to the bottom of the first page to search for doctors and hospitals that are in the Anthem Blue Cross network. Dental and Vision plans are also available by clicking on the logo to the left. Call us toll free at (866) 724-7123 for guidance.

 

Click the logo to shop for Anthem Blue Cross Blue Shield of Indiana plans for you and your family. Once you click the logo scroll to the bottom of the first page to search for doctors and hospitals that are in the Anthem Blue Cross network. Dental and Vision plans are also available by clicking on the logo to the left. Call us toll free at (866) 724-7123 for guidance.

 

 

Click the logo to shop for Anthem Blue Cross Blue Shield of Missouri plans for you and your family. Once you click the logo scroll to the bottom of the first page to search for doctors and hospitals that are in the Anthem Blue Cross network. Dental and Vision plans are also available by clicking on the logo to the left. Call us toll free at (866) 724-7123 for guidance.

 

 

You will owe a non compliance ‘fine’ to the IRS for not having qualified health insurance.
You will be subject to a 2.5% of your MAGI – Modified Adjusted Gross Income – ‘fine’ (TAX) for not having qualified health insurance or for purchasing non qualified Temporary or Short Term health insurance since these plans do not include the “essential health benefits” under the PPACA “Obamacare”.

Rest assured though, if you are self employed and do not over pay your taxes you will not pay that ‘fine’ (TAX) for the only recourse the IRS has to collect that fine is to hold your tax refund. All criminal penalties for non compliance were removed from the health care law prior to passage.

If you don’t have qualified health plan coverage in 2016, you’ll pay the higher of these two amounts:

  • 2.5% of your yearly household income. (Only the amount of income above the tax filing threshold, about $10,000 for an individual, is used to calculate the penalty.) The maximum penalty is the national average premium for a bronze plan.
  • $695 per person for the year ($347.50 per child under 18).
  • There are maximum penalties for individuals and families. They are significant. To determine your maximum penalty click here.

Critical Illness coverage

Approximately 1.2 MILLION people suffer heart attacks each year. Approximately 780,000 people suffer strokes each year. More than 1.4 MILLION new cancer cases were estimated for diagnosis in 2007 alone. Between 1994 and 2004, the death rate declined approximately 31% for heart attacks and almost 24% for strokes. (Source: American Heart Association, Heart and Stroke Statistical Update, 2008.) The possibility of surviving a Critical Illness before age 65 is almost twice as great as dying. (Source: National Center for Health Statistics.) WOULDN’T A CHECK BE BETTER THAN A GET WELL CARD?

Critical Illness benefits are paid directly to you. You choose how to spend the benefit at a time when you and your family may need extra cash the most. For example:

 

  • Home Health Care
  • Cost of Caregivers
  • Lost Income of Self or Spouse
  • Daily Living Expenses
  • Co Pays, Deductibles & Co-Insurance
  • Non -Covered “Experimental Treatments
  • Housekeeping or Child Care Expense
  • Maintenance of Your Family’s Quality of Life
Colorado Bankers Life insurance company has partnered with Dearborn National to offer a Critical Illness plan that is extremely well priced. Adding this product to any health insurance plan would alleviate the worry of paying your health plan deductible if you or a family member were to develop a critical illnesses such as life threatening Cancer, Stroke, or Heart Attack. For more information about this unique and affordable plan click Critical Illness brochure. If you have questions please contact us.

Medicare Supplemental coverage

If you’re over 65 or nearing that age and are looking for information and multiple free quotes on plans that will cover your Medicare deductibles and other out of pocket expenses. Visit our Medicare Supplement page

Life Insurance

Visit the Life Insurance page of our website for Term Life insurance quotes from all carriers.

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