Michigan Life Insurance Quote

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Looking At Possible Initial Outcomes Of Obamacare Through BCBSM of Louisiana

While not discussing our state of Michigan in particular, Yahoo just had an article about possible initial outcomes of Obamacare in Louisiana.

Again, many state are going to different outcomes as the law becomes to fully implemented.  However, their were some statements made by BCBS of Louisiana that kind of stuck out to me.

“The rates for the oldest will decrease at the expense of the youngest, who will see an increase,” was a statement that was very interesting.  It has been known that rates for younger ages were going to increase, but by how much remains to be seen.

Another note within the article has been the realization that rates would have to go up, due to the “many benefits” that are required in the law.

When you have time, make sure to check out the article as it gives a background into what a major health insurance company is thinking about the bill.

 

Looking At Possible Initial Outcomes Of Obamacare Through BCBSM of Louisiana

Michigan Medicare Supplement High Deductible Plan F

Working in the Michigan Medicare supplement arena, we are a huge fan of the Michigan Medicare Supplement High Deductible Plan F.

While the most popular plan within our agency is Plan G, Plan F sells quite a bit.  In a nutshell, Plan F is the Cadillac plan that covers everything.  High deductible F is the regular plan F, however just with a deductible of $2110.00 (2013).

After you pay your deductible of $2110.00, your plan turns into a regular Plan F.

Now what makes these policies really different is the premium.  In Michigan depending on the zip code of the consumer, the difference in premium between a regular Plan F and High F could be over $100/month.  We have seen seniors in the “big three” counties (Wayne, Macomb, Oakland) paying as little as $50.00 a month for a high deductible F plan (price could change based on the health of the consumer).

For a healthy senior in Michigan who can affordable the deductible ($2110.00), the Michigan Medicare Supplement High Deductible Plan F is a great plan.  Contact us to learn more, or by phone at 586-604-9669.

Michigan Medicare Supplement High Deductible Plan F

 

Michigan Medicare Supplement High Deductible Plan F

Michigan life insurance for Tobacco Chewers

For a long time in our state, Michigan life insurance for tobacco chewers has been limited.  Even more, it usually led to a nicotine rating.

Things have changed with regards to products that are offered here.  For chewers (no smoking), their are numerous whole life and term life plans that would accept a consumer with a standard rating.  This has led to more consumers who realize that a better price is out their for their Michigan life insurance needs if they do dip or chew.

So if you do chew, their are ways to lower your life insurance rates.  Contact us today to learn more about which life insurance plans are out their and how they can fit within your needs.

 

Michigan life insurance for chewers

 

Michigan life insurance for Tobacco Chewers

Test Post from Health Insurance Michigan - Updated Insurance News

Test Post from Health Insurance Michigan - Updated Insurance News http://cheapinsuranceinmichigan.com

Can I Pay My Michigan Health Care Premiums With My HSA Funds?

Pretty basic question, but you would be surprised on how many times I am asked.  Again, can you pay your Michigan health insurance premiums with funds that you have saved in your HSA savings account?

The answer is quick and simple, and that is no.  If you do withdraw money from your HSA savings account to pay for your premiums, that will be a penalty and you will pay taxes (consult a CPA to learn more). 

Their are some exceptions, which include:

1) Qualified long-term care insurance; or 2) Health insurance while you are receiving federal or state unemployment compensation; or 3) Continuation of coverage plans, like COBRA, required under any federal law; or 4) Medicare premiums.

Within our agency, we stay away from any tax questions as we prefer your local CPA to help you with that. 

To learn more about a Michigan health savings account, make sure to contact us today.

-Randy

Study Shows Michigan Has Third Least Competitive Health Insurance Market

I guess that AMA had some tough things to say about the Michigan health insurance Market.  Within this article, they explain their position.

To me as a broker, I feel the state is very competitive within the health insurers that broker here.  Now, at points do these carriers adjust their premiums here?  Well that answer would be yes.  Even I would admit at any point only a select few are priced to sell here.

What you will see is the AMA discussing Blue Cross at heart with the proposal that would turn them into a non-profit mutual health insurance company.  This has been discussed at heart, and we will see where this goes with regards to BCBSM.

As I said, to me at this point (no one knows the future) the state of Michigan has very competitive options for consumers and their Michigan health insurance needs.