When you have life changes, notify your Agent. (marriage, death, birth, move, adopt, etc)
In the world of HealthCare it is important to call your agent about your life changing events because it can affect your Subsidy/Tax Credit if you receive one or it may make you eligible for payment relief if you did not have assistance before
This week is a good example:
I enrolled a lady in HealthInsurance through HealthCare gov. (early December 2014)
She was married but he had HealthInsurance through Medicare.
He was the primary household income provider (she qualified for very little assistance with her monthly HealthCare premium (she was paying about $350 a month).
We played phone tag for the 1st week of January then we finally got to speak.
Her husband, of 2 years, had died of lung cancer December 28th.
Her monthly income went from his Social Security and his Pension and her pension to just her pension (the smallest amount of all).
Due to a lack of life insurance, she had to put his funeral on a credit card.
From Google Images
Because they had only been married for 2 years, she was not eligible for his Social Security.
She is 63, just lost her husband and now has to go get a job AND keep paying $350 ish a month for her HealthInsurance!
Well, not quite. This is where her having me as her agent was a real benefit!
I knew her income had changed.
I knew that allowed us to go back and adjust her Subsidy/Tax Credit from HealthCare gov.
I discussed with her what her employment options where and helped her calculate what to put in for her 2015 projected income and her monthly premium is now around $50 a month which will allow her to afford food and electric!
While she is suffering from the loss of her husband, at least I was able to save her $300 some dollars a month, that she would otherwise not have known about!
While it will not return him to her or give her the money to pay off his funeral (I do offer life insurance so you do not leave your spouse in the lurch like this) it does give her some monthly payment relief.
From Google Images
PLEASE plan ahead, PLEASE use a Licensed and Certified Insurance Agent.
The services I provide are at no charge to you, I am compensated from the insurance company, NOT from you.
Thank you for reading and PLEASE call if you have a change in your family or life that can affect your HealthCare.