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Cover CA is for the Young & Healthies

August 6, 2014

Marci Bair of Bair Financial Services MetLife joined us in the studio today. Bryan is back from vacation and let me tell you, he's rested and good to go and tell you all about Bora Bora.


COVER CALIFORNIA:
The exchange doesn't work because of how restrictive the provider list is. Only good for "young healthies."

Small groups of 50 and under, may make more sense to go to individual based coverage. If you go with Cover California you are VERY limited with your choice of physicians. Very few signed up to be part of it. Insurance companies will work with them if they are in mid-treatment as they are switching to a new carrier.

If someone doesn't qualify for premium subsidy, this will cause a huge problem. 
Under 40K income is helpful for older people on very limited incomes. 

Way more out of pocket and it becomes more catastrophic coverage. A bit frenetic if you visit more than one specialist each year. Choosing new doctors and starting over isn't always an option. There is only an option to change providers during Open Enrollment November 15 - February 15 - that's the only time. Get it done by December and you can get set up by January.

Small company plans increasing significantly. Seek professional advice if this happened to you.
Listen to this show, especially starting after the break at about 12 minutes. There is a TON of information here. You'll want to listen, perhaps more than once, to take notes.

Have to be your own health advocate. We know it takes a lot of time, but you need to stay on top of treatments, 

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Next week Heather Shotke of GramMarch will be in the studio panel.