The Insurance Exchange has a dynamic health insurance department. We offer insurance consultations and solutions on variety of products including but not limited to:
As Health Insurance Brokers we have several carriers available. Most major carriers offer a variety of products across all the different options such as Medicare, Obamacare and Dental. The Insurance Exchange is proud to offer the following carriers:
Medicare is broken up into different parts. Medicare Part A, Medicare Part B, Medicare Part C, Medicare Part D and Medicare Supplement (Medigap). Our health insurance brokers will conceptually explain each coverage and help narrow the carrier that matches your needs. Medicare Annual Enrollment takes place every year from October 15th through December 7th. Special Enrollment occurs throughout the year as clients attain age 65, retire post age 65, lose group health insurance or move into a new area.
Annual Enrollment for Obamacare occurs every year between Nov 1st and December 15th. A client can visit healthcare.gov and review all their options at one time. However, working with a health insurance broker can help you navigate through all the health plan choices available and assist you with the complexities of the application process.
Some Key Features of the Affordable Care Act are:
Depending on your household’s Modified Adjusted Gross Income and family composition you may qualify for assistance from the Federal Government to help pay your monthly insurance premiums and reduce your out of pocket expenses. Our health insurance brokers can give you an estimate and let you know if you qualify and for how much. This is helpful to make the coverage more affordable.
For example, a married couple, age 55 for both, earning $60,000 would qualify for a premium tax credit of $743 per month. This credit will be used to reduce the monthly premium from $1698 to $955 per month, per 2020 plan year rates.
Group health insurance is typically purchased during the 4th quarter of every year however it can be purchased at any time as no annual enrollment cycle exists. Our health insurance brokers will help find the right plan for you based on budget, network and the group composition. For example, most insurance carriers require employers to have w2 paid employees, but as brokers we have carriers that will approve a group based on 1099 paid employees.
Some Key Decisions to consider with Group Health Insurance are:
With so much choice available for consumers we have developed a process to understand the need of each client and facilitate each decision. We will match your needs to the right insurance product. Part of our process will be asking a handful of fact finding questions designed to discover the spoken need and uncover the unspoken need. Such as:
We will follow all HIPPA and PHI guidelines. For in person group meetings and seminars we follow all CDC guidelines for your safety and the safety of the community. We have a large 30 seat conference room, have limited meeting capacity to 8 attendees and will check temperatures up entering our building.
We have regular educational events and seminars scheduled during annual enrollment and throughout the year. Please look at our upcoming calendar by clicking the link below to RSVP for an upcoming event and to register.
You may alternatively reach out to William Carothers who is the Health Insurance Principal and trainer for the department. Mr. Carothers is featured every Saturday on a weekly radio on WVON 1690am. Contact information is as follows:
Health Insurance Principal
wcarothers [at] insxchg [dot] com
708-597-8731 ext: 107
708-527-0962 business cell
When discussing health insurance with a broker, it helps to understand some of the common health insurance terms. Below are some definitions to some of the most common health insurance terms and concepts.
To learn more about South Holland health insurance, call and talk with one of our agents today. We will guide you toward a more secure future.