Impaired Risk Plans
- Thread starter Dandy1
- Start date
Depends.
I have never had much success with them. I have a few "almost" guaranteed issue plans. The folks who see them don't want to pony up the $$$ since it doesn't cover the things they need the most (usually Rx). They can't afford a HIPAA plan and earn too much to hit Medicaid. So they will continue to rock along until the inevitable happens and they lose everything.
Which plans were you looking at?
I have never had much success with them. I have a few "almost" guaranteed issue plans. The folks who see them don't want to pony up the $$$ since it doesn't cover the things they need the most (usually Rx). They can't afford a HIPAA plan and earn too much to hit Medicaid. So they will continue to rock along until the inevitable happens and they lose everything.
Which plans were you looking at?
- Thread starter
- #3
- 795
Not sure if I'd call UA's plans 'impaired risk' though. I'd call them limited plans with some pretty liberal underwriting. There is a real use for them in hard-to-place cases ... Type II, HBP, etc. But the benefit/premium ratio is pretty far out of whack, IMO. But then again...
A company I like for those difficult cases is New Era. Check out their site at:
New Era Life Insurance Companies
Coverage is light years beyond UA and a whole lot less cabbage, to boot. Excellent for hard to place cases...hope it's available where you are.
A company I like for those difficult cases is New Era. Check out their site at:
New Era Life Insurance Companies
Coverage is light years beyond UA and a whole lot less cabbage, to boot. Excellent for hard to place cases...hope it's available where you are.
- 15,319
Apparently it's impossible to find out where it's available. There website gives almost zero information. Is it a secret?
Rick
- 795
heh...yea, their website blows chunks, but I've sent up the New Era brochures to my webspace for you to check out. It's the last stop before the risk pool and really when you look at it, it's nothing to be ashamed of, in fact, it's a fantastic value, IMO. Click the links below to get the two pieces of their health coverage, Catastrophic Care and the outpatient stuff is called Companion Care.
http://entrenousfinancial.com/NewEra-Companion.pdf
http://entrenousfinancial.com/NewEra-Catastrophic.pdf
All I know is that it's available in Texas and if anyone reading this wants a hookup for it, let me know. I'll see what I can do. Hopefully it's available outside of Texas (it is a Houston-based company).
Given the choices that a person faces (medical issues, etc) and the last stop before diving into the risk pool, this is very nice coverage. I just saved someone on UA over 200/month for BETTER coverage. Check out the pdfs and see what you think.
http://entrenousfinancial.com/NewEra-Companion.pdf
http://entrenousfinancial.com/NewEra-Catastrophic.pdf
All I know is that it's available in Texas and if anyone reading this wants a hookup for it, let me know. I'll see what I can do. Hopefully it's available outside of Texas (it is a Houston-based company).
Given the choices that a person faces (medical issues, etc) and the last stop before diving into the risk pool, this is very nice coverage. I just saved someone on UA over 200/month for BETTER coverage. Check out the pdfs and see what you think.
- 1,432
That PDF brochure is funnier than Jerry Seinfeld and Richard Pryor.
$2,000 maximum per calendar year on out-patient care, $4,000 maximum on in-patient care, $1,000 for maternity.
We have a different definition of "fantastic value."
- 795
You haven't seen the premiums, have you? How would you know if it's a good value or not based on the comedic looking brochure?
Remember what I said, it's the last stop before the risk pool (we have that here in Texas). It's not major medical (never said it was). The risk pool is far more expensive and yea, it may be better coverage, but what if they can't afford it? This IS a great value...
It ain't fancy, but it gets the job done and believe it or not, it's much better coverage than others in its class (at least the ones I have seen...ala United American).
Remember what I said, it's the last stop before the risk pool (we have that here in Texas). It's not major medical (never said it was). The risk pool is far more expensive and yea, it may be better coverage, but what if they can't afford it? This IS a great value...
It ain't fancy, but it gets the job done and believe it or not, it's much better coverage than others in its class (at least the ones I have seen...ala United American).
- 307
2112Greg (BTW, is that a RUSH reference?)
I'm not trying pile on here but the brochure and web sites are indeed really hokey. Doesn't arouse a lot of confidence. Would be nice to know what states they are in.
How's the claims payments been 2112?
I'm not trying pile on here but the brochure and web sites are indeed really hokey. Doesn't arouse a lot of confidence. Would be nice to know what states they are in.
How's the claims payments been 2112?
- 795
Oh, I TOALLY agree, the brochuers are cheesy as helll. I really wish they'd develop some new collateral. It's pretty bad, but I warn propsects about it!
Coverage-wise, I am setting up a 55yo female on the catastrophic plan (5k ded, 100k agg. max.) for 115 bucks a month. Sorry, but that's a great value. Especially when you consider she'd go without anything.
I have only started using them in these kinds of cases, so I don't know how they are with claims. I was just happy to be able to get away from UA for hard to place cases...
And yes NMF, my username is a Rush reference...been going deaf from Rush since 1975! It's a slight obsession...not as bad as SOME Rush fans I know...but I did fly to Denver/Red Rocks to see them last month...then drove to every show in Texas. I know, I need help...
Coverage-wise, I am setting up a 55yo female on the catastrophic plan (5k ded, 100k agg. max.) for 115 bucks a month. Sorry, but that's a great value. Especially when you consider she'd go without anything.
I have only started using them in these kinds of cases, so I don't know how they are with claims. I was just happy to be able to get away from UA for hard to place cases...
And yes NMF, my username is a Rush reference...been going deaf from Rush since 1975! It's a slight obsession...not as bad as SOME Rush fans I know...but I did fly to Denver/Red Rocks to see them last month...then drove to every show in Texas. I know, I need help...
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