When it comes to small businesses wanting to provide benefits to their employees, often times it becomes a choice between profitability or going over budget to meet the needs. This especially can be a challenge for those smaller businesses competing with big corporate companies who offer similar services and products. We specialize in helping small businesses find the benefit options that make still meet the needs without breaking the budget! We find sensible solutions for options such as major medical, catastrophic, supplement, dental, vision, disability, life, and more!
Part of what we specialize with is helping protect spouses of people aging into Medicare. While one spouse is choosing their Medicare supplement plan, I still work with the younger spouse with having their needs protected as well. Most recently, we assisted a couple to find a plan for the younger wife. She has some preexisting conditions that she needs continuing treatment for. They also are in the higher income bracket, and do not qualify for on-exchange plans. To continue their current course that they had been on since 2018, the couple was looking at being stuck with a plan costing them near $800 per month for just the wife. This also had a $5,000 dollar deductible, with $8,700 maximum out of pocket. Being at an age in her mid 40’s, we were able to find her a plan at a $2,800 deductible with a $9,100 maximum out of pocket, but at a cost of $428 per month instead of near $800. That also included a good dental plan that has no waiting periods for services!
I have also assisted with other spouses and individuals alike who are mainly healthy without much for preexisting conditions, or have such conditions that can be managed with prescriptions. For those people, it made sense for them to explore the non-profit catastrophic share program options. The savings on monthly premiums is often substantial enough to supplement the gaps with a catastrophic only plan to include preventative services, and even catastrophic supplements that pay money directly to you. This style can make such an impact that those who have went with this direction saw monthly savings of near half the cost of major medical carriers, while at the same time increasing their benefits! Not to mention the annual out of pocket costs being substantially lower than with traditional carriers. The largest amount in annual savings a client has shared with us so far boasted just over $20,000 in premiums and out of pocket healthcare expenses combined! The one thing to consider with non-profit catastrophic share programs is the waiting periods on preexisting conditions. If you have a condition that needs immediate care and treatment by a physician, you may need to stick with a main carrier.
