limited medical sales 101: redefine your portfolio focus with limited medical
TRANSCRIPT
L i m i t e d M e d i c a l S a l e s 1 0 1 :
Name: Date:
What is limited medical coverage?
What are the benefits of limited medical coverage?
Limited medical coverage is designed to be used as:
(Check all that apply)
(Check all that apply)
(Check all that apply)
(Check all that apply)
02.
03.
04.
05.
01.
Redefine Your Portfolio Focus with Limited Medical
S u p p l e m e n t a l C o v e r a g e P r i m a r y C o v e r a g e
Limited medical coverage can provide benefits for a wide variety of health conditions as
well as an additional layer of financial protection against medical costs on the rise.
^ Prompt – or even next day – coverage
^ Guaranteed acceptance
^ Lower out-of-pocket expenses than traditional
major medical coverage
^ Cash benefits and/or discounted rates
for healthcare
^ Access to thousands of healthcare
providers nationwide
^ Little to no waiting period for benefits
T H E S E B E N E F I T S C A N I N C L U D E :
What types of coverage can clients choose from?
Note: Limited medical coverage does not provide the minimum essential health benefits required by the Affordable Care Act (ACA).
Who can benefit from limited medical coverage?
We work with carrier partners that provide relatively inexpensive options such as:
^ Guaranteed issue coverage for individuals and families, including dependent children through age 26
^ Coverage designed to meet the needs of individuals, families, employees, and small business owners
^ Plans that cover the costs of a wide variety of medical treatments
^ Plans with negotiated savings and no copays or deductibles
^ Outpatient and inpatient coverage as well as critical illness and accidental death benefits
2015
2014
2013
2012
2011
2010
T H O S E I N N E E D O F L I M I T E D M E D I C A L C O V E R A G E A R E O F T E N FA C I N G :
When your clients are priced out of traditional
health coverage and short-term coverage
When your clients need to fill the gaps in their
traditional and short-term health coverage
^ Pre-existing conditions
^ Accidents and sickness
^ Critical illnesses
^ Coverage with no limits on coverage length
Inability to qualify for short-term medical or major medical plans
High major medical coverage deductibles
Single Coverage Family Coverage
$5,049
$5,429
$13,770
$5,615
$15,073
$5,884
$15,745
$16,351
$6,025$16,834
$6,251$17,545
AV E R A G E A N N U A L P R E M I U M S F O R S I N G L E & FA M I LY C O V E R A G E 2 0 1 0 - 2 0 1 5 1
What conclusions can we draw from the graph above?
With both single and family premiums costs on the rise, traditional healthcare coverage may be
becoming more and more out of reach, especially for families.
Out-of-pocket medical expenses and premiums continue to rise, and customers could be
looking for supplemental coverage that provides additional value for their hard-earned money.
Your clients have a wide variety of choices when it comes to limited medical plans including:
1. http://kff.org/report-section/ehbs-2015-section-one-cost-of-health-insurance/
References:
LEARN MORE TODAY BY: Calling 1.877.376.5831 and selecting option 3
Emailing [email protected]
For agent use only – not for use with the public.
This type of plan does not count as minimum essential coverage required by the Affordable Care Act and is not suitable to serve as your client’s only medical coverage. Although the premiums may be lower than a major medical plan, the benefits are also lower and more restricted.