GO Exercise

Today, limited health insurance plans have become more popular, as more people are losing their jobs or becoming self-employed. Limited plans, unlike traditional health insurance plans, have specific limitations on the care that they cover. Before buying into a limited health insurance plan, it’s important to understand the coverage and to ask the right questions.

Over 1 million Americans are using limited health insurance plans at the moment, and this number keeps growing. Such plans have been adapted by McDonald’s, the Hair Cuttery, and Friendly’s restaurants. Similarly, many large and mainstream insurers have gotten into the act. Aetna, Cigna and Blue Cross Blue Shield all offer these types of policies. Other companies in the limited healthcare plan field include Cinergy Health, Assurant Health, Star Health and many others.

Before enrolling with these limited health plans, you should ask the following questions.

1. Are there annual deductibles? If so, are they per person or per incident?

2. Is there a co-pay for doctor’s visits, lab tests and more?

3. What is the annual cap on what the plan will pay towards your medical needs? Is there a daily cap for hospital care? Are there other hospital caps?

Then, find the plan that best suits your needs and know that you’re in good company with limited insurance plans with the growing need in America today.

Health care coverage is a large problem for the self-employed and certainly for the unemployed. Today, there are many limited health insurance companies that are helping to ensure that everyone has coverage.

One such example is the REALTORS Core Health Insurance (RCHI) from the National Association of Realtors (NAR). They have created a limited medical insurance plan that is available to realtors. More than 25% of realtors have no health insurance, according to a recent NAR survey, and only 17% of real estate firms offer health coverage for independent contractors. This poses a very large problem for realtors – and a health and financial risk when these individuals are without insurance.

Another example is Cinergy Health with CEO and Founder Daniel Touizer. They offer a large range of insurance plans to meet the needs of those who aren’t otherwise insures. This could include people who aren’t provided with insurance through work, who are self-employed, who work only part time, who are between jobs and more. They work to reduce the financial barrier that seems to be inherent in healthcare and to offer coverage to those who aren’t typically covered.

Another company eHealthInsurance Services In. with CEO Gary L. Lauer, offers affordable coverage for individuals, small companies, short term insurance, life insurance and more. They are licensed to market and sell health insurance in all 50 states and the District of Columbia and they have a partnership with more than 180 health insurance companies to offer more than 10,000 health insurance products online.