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Reaume Benefits Blog Entries Group Health Insurance News and Tips

Two Costs of Health Insurance

Group health insurance seems easy enough. Review the many options and select one that has a reasonable co-pay and affordable premiums. Unfortunately, in the California small group health insurance market place, a reasonable co-pay and affordable health insurance premiums do not go together.

Many confusing terms like, HSA, FSA, POP, Section 125, HSA, and maximum out of pocket are a few terms that keep the consumer confused.

If you are an employer and want to offer an attractive yet affordable California small group health plan you must understand the Two Costs of Health Insurance. Fixed costs: you can control your fixed costs by selecting a more affordable health plan. Your selection is fixed for the coming 12 months. This is your cost before you fill your first prescription. Variable costs: these are expenses you incur when you see the doctor and have a co-pay or plan deductible. We don’t have a crystal ball so we must calculate your variable costs in small and large claim years. When you solve for the best plan you must run the numbers. You must know the end result (fixed and variable costs) in good and not so good claim years.

Few have taken the time to really understand the Two Costs of Health Insurance. It’s a sad commentary but most health insurance brokers that specialize in health insurance don’t know how to solve for the best policy/ price combination.

You can’t expect an engineer to know the capacity of a 10 story building until they run the calculations. It’s not enough to assume it will hold up under pressure. The engineer must know what will happen on a windy day or in earthquake like conditions. It is no different with your health plan yet few really comprehend the end result of “this” policy. I make it a point to prove, by the numbers, which policy serves the consumer best.

Patrick Reaume, CFP, RHU is a California small group health insurance broker based in Redlands, California. He can be reached at 909-747-0280 or at www.reaumebenefits.com

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Free and low cost Health Care for kids in California

Health Families offers California children low cost health insurance.

Healthy Families has become a household name yet many eligible children are not enrolled. Just in Riverside and San Bernardino County alone it is estimated that over 40,000 children are eligible but not enrolled.

Income qualifications are liberal meaning that a modest income stills may qualify your kids for the state run Healthy Families health plan. Benefits include preventative care, prenatal care, doctor visits, vision and dental care, mental health, prescriptions, hospital stays and emergency visits.

It is easy to apply. The cost to enroll a child ranges from $4 -$15 a month. Don’t be concerned about pre-existing conditions as they don’t inquire about the child’s health. Qualifying depends on your family size, income, and age of the child or children.

A few of the things you will need include a copy of your recent pay stub and or your tax return. To prove residency, a copy of your driver’s license, child’s student ID card or utility bill is required. Include a copy of the child’s birth certificate, passport or proof of U.S. citizenship. Non-citizens need send proof of immigration status.

Patrick Reaume, CFP, RHU is a California small group health insurance broker based in Redlands, California. He can be reached at 909-747-0280 or at www.reaumebenefits.com

 

Health Insurance For Kids

Two Costs of Health Insurance

Group health insurance seems easy enough. Review the many options and select one that has a reasonable co-pay and affordable premiums. Unfortunately, in the California small group health insurance market place, a reasonable co-pay and affordable health insurance premiums do not go together.

Many confusing terms like, HSA, FSA, POP, Section 125, HSA, and maximum out of pocket are a few terms that keep the consumer confused.

If you are an employer and want to offer an attractive yet affordable California small group health plan you must understand the Two Costs of Health Insurance. Fixed costs: you can control your fixed costs by selecting a more affordable health plan. Your selection is fixed for the coming 12 months. This is your cost before you fill your first prescription. Variable costs: these are expenses you incur when you see the doctor and have a co-pay or plan deductible. We don’t have a crystal ball so we must calculate your variable costs in small and large claim years. When you solve for the best plan you must run the numbers. You must know the end result (fixed and variable costs) in good and not so good claim years.

Few have taken the time to really understand the Two Costs of Health Insurance. It’s a sad commentary but most health insurance brokers that specialize in health insurance don’t know how to solve for the best policy/ price combination.

You can’t expect an engineer to know the capacity of a 10 story building until they run the calculations. It’s not enough to assume it will hold up under pressure. The engineer must know what will happen on a windy day or in earthquake like conditions. It is no different with your health plan yet few really comprehend the end result of “this” policy. I make it a point to prove, by the numbers, which policy serves the consumer best.

Patrick Reaume, CFP, RHU is a California small group health insurance broker based in Redlands, California. He can be reached at 909-747-0280 or at www.reaumebenefits.com

Health Insurance

Insurance agents have a poor reputation because many fail to keep in touch, showing they care about you and your business. Once you agree to do business Reaume Insurance Solutions, we have an obligation to do everything we can to serve your needs. The following is what you can expect when doing business with us.

Expertise & product knowledge It is our feeling that too many brokers don’t actually understand the products they sell well enough to make a solid recommendation. Simply searching for the lowest cost HMO product is not enough in today’s market.

  • Experience you can depend on: You want a professional on your side to help you understand and choose the right plan.
  • Solutions: There are solutions to increasing costs via new concepts that make sense today and for the future.
  • Educated to help clients: Pat holds Certified Financial Planner and Registered Health Underwriter degrees, and is a past president of the local Health Underwriters Association.
  • HR Binder: This unique resource includes everything you need to manage your benefits. No longer will you search for an application for a new employee or termination request for one that is leaving. Brochures, phone numbers and employee new hire kits are at your fingertips.
  • New Employee quote: Our system allows you to Log-in to get a quote based on your plan options and employer contribution. It provides an employee presentation page and calculates the amount to debit from the employees pay check.
  • Red File: Ever tried to delete an employee only to learn 5 months later the employee was never terminated off your bill? That incomplete task could cost you hundreds of dollars. All addition and termination requests are submitted thru our office, processed and then placed in our Red file for follow up.
  • Keep in touch: We think you need to hear from us regularly. You pay a lot of money for benefits and the last thing you need is a broker that doesn’t care about you and provides no support services to boot.
  • We expect your calls: It is not a burden, but exactly what we want to do to help our clients. Help us earn your business and call on us with any and all questions. Calls are answered or returned within 4 hours and you have Cell phone access.
  • We can help with COBRA, Section 125, additional products and referrals. Our website is a valuable resource. Ask about web access for your plan, www.reaumebenefits.com

Is your current broker actively looking after your interests and meeting your needs? You do not have to purchase a new policy to do business with us. Simply appoint us as your broker to receive our expertise and services.

 

Patrick D. Reaume, CFP, RHU
Phone 909-747-0280
pat@reaumebenefits.com

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