Tag: Individual major medical

  • What is coinsurance?

    Coinsurance is a fancy name for cost sharing between your major medical insurance company and yourself. Let’s do a quick coinsurance Q & A: When do I encounter coinsurance? Coinsurance is typically encountered after the plan deductible has been met   What are typical values of coinsurance? Typical values are 80/20, 70/30 and 50/50. The insurance […]

  • Think it can’t happen to you?

    I bet former CU football player Alex Ligon never thought he would be diagnosed with Luekemia at (I’m guessing) age 30. Ligon was diagnosed with acute myeloid leukemia earlier this month. He and his wife are expecting their first child in just a few weeks. When selecting a health insurance or a supplemental accident or […]

  • Is major medical health insurance guarantee issue?

    With the initial implentation of health care reform, individual major medical insurance from private carriers is not guaranteed issue for adults. For children under the age of 19, it is guarantee issue if they apply with a parent or guardian who qualifies for coverage. Some states have worked with insurance companies to offer child only […]