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Health insurance deductibles have increased 42%; SASid launches two new products to help. Comments Off on Health insurance deductibles have increased 42%; SASid launches two new products to help.

With the Affordable Care Act in full swing; consumers are now realizing that most of the Qualified Health Plans (QHP) found on the public exchanges are costly and have high deductibles.  A recent article in the Wall Street Journal noted that Deductibles have increased 42% since 2013.  Consumers are faced with the decision to increase their deductibles to keep the monthly health insurance premiums manageable.  SASid has developed two supplement insurance products which brokers can use to assist consumers which can pair with their major medical insurance plans to help manage high deductibles and out of pocket costs.

Deductible Supplement Insurance:  Consumers can save money by increasing their deductibles and supplementing their major medical insurance

  • Supplemental cash benefits for accidents and sicknesses
  • Benefits are paid regardless of other insurance
  • Simple to use and smart to have

QHP Supplement Insurance:  Helps fill the gaps in the Qualified Health Plans found on public and private exchanges

  • First dollar coverage with fixed indemnity benefits
  • Supplemental benefits for accident and sicknesses
  • Benefits for physician office visits, hospital stays, surgeries, emergency visits, x-rays and more.

Consumers can save money and/or increase benefits by getting creative with their healthcare…

Posted on: 01-6-2014
Posted in: Health Insurance News, Key Product, Our Product, Producers

Obsession with value prompts Core Health upgrades Comments Off on Obsession with value prompts Core Health upgrades

With the one year anniversary of the Core Health redesign just around the corner, what better way to celebrate than by releasing a significant plan upgrade?  We’ve spent the last twelve months bringing these plans to our distribution partners and have sparked an overwhelmingly positive response.  Starting June 1, 2011, Core Health plans will have indemnity benefits for 10 Office Visits – an increase from 5 Office Visits on the previous plans.  This benefit increase comes from our longstanding desire to provide members with the most benefit possible, at a rate that allows them access.  SASid understands that your clients’ experience determines your retention.  We will continue working on ways to bring Core Health value, in turn increasing your retention and client satisfaction.

To view new benefits and rates – click here

Posted on: 06-1-2011
Posted in: Core Health Insurance, General, Our Product, Producers

Core Health Insurance Changes Favorable Due To Health Care Reform Comments Off on Core Health Insurance Changes Favorable Due To Health Care Reform

We’re proud to announce that even with the positive Health Care Reform Changes (below) we are not increasing the premium rates for Core Health Insurance (CHI) for the next year.

The changes will take place for dates of service incurred on or after May 1, 2011 for all existing clients and new members moving forward:

  • The eligible dependent child age will increase from 24 to 26.
  • All benefits will be paid as per the amounts listed in your current Schedule of Benefits which may be higher in some cases than the “up to” payout amounts previously paid. This means that if a client has a claim submitted for a specific benefit, the plan will pay the full benefit amount, even if the charge is less than the benefit amount. The provider is paid directly, and then any difference is sent directly to the insured.
  • The doctor office visit co-pay benefit will be replaced by an indemnity (flat dollar) amount for a doctor visit benefit, which is a flat dollar amount. This amount should provide very similar out of pocket expense as stated above, however, that expense may be higher or lower depending on the plan you enrolled into (Physician, Value, Gold, and Platinum).  A client’s out-of-pocket expenses will almost always be less when they visit a doctor in the Beech Street network.

Example: Previous visit to the doctor: The client was responsible for a $30 co-pay. Current benefit change means that when the client visit the doctor, the claim is sent to our claims department and re-priced, and then the plan will provide a flat benefit ($100 Physician, $110 Value, $120 Gold, and $125 Platinum). The doctor will be paid directly.  If the benefit amount exceeds the charge, the client will receive a check for the difference.  If the charge exceeds the flat benefit amount, the client will be responsible for the difference.

Core Health Insurance – Understanding your new office visit benefit

 

Posted on: 04-11-2011
Posted in: Core Health Insurance, General, Health Insurance News, Key Product, News, Producers
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