Wednesday, May 21, 2014

Can You Get A Michigan Life Insurance Policy After Having A Heart Attack?

The dreaded heart attack, an unfortunate issue that strikes many here within the state of Michigan.

However what is not known, is the fact that many consumers survive and live long and healthy lives.  So as these consumers get older, obviously life insurance is a must and a necessary program which is needed.

A myth or concern that many Michigan consumers have is that Michigan life insurance is out of reach after having a heart attack.  That is just not true.  Even if you suffered the attack a month ago, you could get coverage.  Now depending on the length of last occurrence, the ability to get a better plan is possible.  However again, no matter if your a month out of three years out, you can always get coverage.

Contact us today if you are a Michigan consumer who has survived a heart attack.  We’ll be able to help you.

Michigan Life Insurance After Having A Heart Attack

Wednesday, May 14, 2014

Obtaining health insurance protection outside of the Michigan Open Enrollment (Special Enrollment Option)

After the due date of 4/1, many Michigan buyers realized that the time to sign up for the Affordable Care act was over.

While you cannot submit an application for a “compliant plan” now, their are specific situations each year that offer you a way to apply for a plan that is compliant.

Straight from the web-site, it defines how one can purchase coverage under a special enrollment period. This includes,

  • Marriage, having a baby, adopting a child or even placing a child for adoption or foster care, moving your residence, gaining citizenship, leaving incarceration
  • Losing other health coverage—due to losing job-based coverage, divorce, the end of an individual policy plan year in 2014, COBRA expiration, aging off a parent’s plan, losing eligibility for Medicaid or CHIP, and similar circumstances. Important: Voluntarily ending coverage doesn't qualify you for a special enrollment period. Neither does losing coverage that doesn't qualify as minimum essential coverage.
  • For people already enrolled in Marketplace coverage: Having a change in income or household status that affects eligibility for premium tax credits or cost-sharing reductions.
  • Gaining status as member of an Indian tribe. Members of federally recognized Indian tribes can sign up for or change plans once per month throughout the year.

Obviously if any of the situations do occur, you need to make contact with us to learn more about your alternatives.

Michigan "Non Compliant" Health Insurance Plans Still Available After Open Enrollment

After the Affordable Health Care Act open enrollment was over here in Michigan, confusing is still making its way around.

While it is true that you cannot get a compliant plan (without a special election enrollment), their are options if you are in need of health insurance within the state of Michigan.

Consumers can apply for a six month short term plan.  At this point, that would take you in to the next open enrollment in November.

So what are the pro’s and con’s to a short term plan?  Con’s are numerous.  One, they are non compliant.  This means even if you decided to get coverage on yourself now, you will stay have to pay the fine for not buying a compliant plan during past open enrollment.

What is a pro?  Well if you truly need coverage and missed the open enrollment period, well you still get health insurance.

Contact us to learn more.

Michigan "Non Compliant" Health Insurance Plans Still Available After Open Enrollment