2. Obamacare – “The Affordable Care Act”
Some people love it
Some people hate it
Many people will benefit from it
The question is – are you prepared for it and do you understand how
it will impact you
The key to understand is that you do not have to buy from the
exchanges to be compliant and get tax advantage
3. Obamacare – “The Affordable Care Act”
The Obamacare Individual Mandate is still scheduled for January
1, 2014
The Obamacare Business mandate has been put off till 2015 per
President Obama
The Insurance Exchanges are scheduled to open October 1, 2013
Some experts believe that the only people that will purchase from
the exchanges are those that can not get insurance anywhere else
because of a pre-existing condition .
4. Obamacare – “The Affordable Care Act”
Obamacare basically mandates that all insurance coverage be
explained in a common format and be the same cost for the
same coverage
Due to the above all insurance companies are going to online
applications and using different type of referral networks
Innvia’s Insurance Outlet Mall is using a marketing model of
people creating their own distribution center for family, friends
and community
Even without Obamacare many people still need affordable
Insurance
5. Insurance –
What do I really need ?
Determine what coverage you want – based on first glance
comparison
Type: HMO or PPO – may show (HSA)
HMO tends to be lower
PPO allows you to pick your Specialist
If it says HSA you have to look at detail to determine if it is HMO
or PPO
Deductible: High or Low
High Deductibles reduce cost of premium
If you do not anticipate major expense you may want a high
deductible
6. Insurance –
What do I really need ?
Dr. Co-Pay: Highly over weighted unless you have chronic
conditions.
Out of Pocket (OOP): High or Low – Tends to corelate
with Deductible
Inpatient Hospital: What you pay after deductible
Maternity: only important if you are in child bearing years
RX Card: Need to study details if important
7. Step 1 – First Page of Site
Pick Individual & Family for
Major Medical
Simply fill out 8 fields
Agent ID & Agent Name
First & Last Name
Email & Phone
Zip Code
Who needs coverage
Myself only
Myself and my spouse
Myself and my children
Myself, my spouse and children
My children
Click SHOW HEALTH PLANS
AND PRICES
Note these plans are fixed by
law
Click for
Quotes
8. Step 2 – Second Page Review Quotes
You will get up to a 100+
quotes
This shows the first two
quotes
You can scroll though all
which in this case was 94
This was a Florida quote for
a 49 year old woman
Two carriers quoted
Aetna
Humana
9. Step 2 – Second Page Review Quotes
This shows the last two
quotes
Note the range in prices – in
this case they were from
$119 from quote 1 on
previous slide to $627 from
quote 94 on this slide
This a $500 spread per month
It should be obvious that it is
worth looking into the details of
the plans
If you prefer one carrier over
another just look at your
preference
The next step is to start at the
cheapest
10. Step 2 – Second Page Review Quotes
Evaluate the high level
feature and work your
way down till you reach a
quote you are
comfortable.
At this point you want to
View Plan Details
Click for
Plan Details
11. Step 3 – Review Details
It turns out that the $159
quote was the lowest
price that met her first
level requirements
She wanted and got PPO
Deductible = $7,500
Hospitalization was 0%
Review additional
coverage to determine if
there are any more
benefits you may want or
need3
12. Step 3 - Review Details
She was happy with the
coverage shown to the right.
If she had wanted
chiropractic or accupuncture
she could of continued
looking at quotes or call the
888-504-3170 number and
talked to an insurance agent
You may have to leave a
message if all agents are busy
they will respond within 24-
48 hours
13. Step 3 - Review Details
This is the bottom of the
plan benefits.
The next step would be to
review the Exclusions &
Limitations to make sure
this was the plan you
really want
Note: different Insurance
companies will have
different formats for:
Plan Benefits
Exlusions & Limitations
Click for Exclusions
and Limitation
14. Step 4 – Apply on line
The last step is to apply:
preferrably online
It should take two to four
weeks for them to
underwrite and confirm
your policy rate
Note: You typically save
two weeks by applying
online
You save the mailing time
They do not have to input
Click to
Apply
15. Top half of application screen
This will auto fill most of
the information
Next slide will show the
bottom half of the screen
with a continue key
16. Bottom half of screen
It is recommended to
choose online as that will
save several weeks
However you can choose
to print out the form or
have it mailed
19. Review Quote
This is the last step where
you review what you are
about to submit
The rate at this point is
considered a preferred rate
20. Example of 26 year old married couple
The first is the profile for
this quote
The second is the lowest
quote
The third is the highest
quote
This represents a $617
spread
It should be obvious that it
is worth the time to
research what these
policies actually cover
21. Example of 40 year old married couple
The first is the profile for
this quote
The second is the lowest
quote
The third is the highest
quote
This represents a $838
spread
It should be obvious that it
is worth the time to
research what these
policies actually cover
22. Example of 55 year old married couple
The first is the profile for
this quote
The second is the lowest
quote
The third is the highest
quote
This represents a $1,488
spread
It should be obvious that it
is worth the time to
research what these
policies actually cover
23. The Insurance Outlet Mall is a referral agent based
Health Insurance – Please use the agent ID # and name
of who referred you to this site or presentation
http://www.insuranceoutletmall.com/
Otherwise you can use: 1178 - Tim Mendonca
For more information email info@DiamondWealthTeam.com
Thank You – For more information
