Plan strategies

I've had quite a few different scenarios come up this week about health care and I wanted to share it with each of you.

1. Did you know if you have a high deductible plan you can purchase a critical illness or cash cancer plan which can pay out a cash benefit to you in increments of $25,000, $50,000 or $100,000 if you had a catastrophic event. The prices are very affordable. Similar to term life but this is a gap to your current insurance. Can you imagine how helpful this would be if you had cancer and you received a cash payout like this? Would pay for your insurance deductible and out of pockets plus pay your bills for the rest of the year.

2. The New Ohio Risk pool plan through Medical Mutual will cover pre-existing conditions. Must be without insurance for 6 months. Rates are very good. It's a model for the new health care reform.

3. Humana eligibility for Short term plans is 64 1/2 years old. Most companies won't cover short terms after 63.

4. Assurant's affordable health access plan will cover all individuals or families regardless of height and weight issues. And it's very affordable.

5. If your rates go up because of health care reform consider a high deductible and take out a gap rider (plans which make cash payouts in event of catastrophic event) It will save you money and you'll have less exposure than your previous plan. Everyone's concerned about high deductibles but new gap plans are giving people more peace of mind.

Have a great weekend all.