Insurance outlet-mall-walkthrough-090713

Obamacare – “The Affordable Care Act”
 Some people love it
 Some people hate it
 Many people will benefit from it
 The question is – are you prepared for it and do you understand how
it will impact you
 The key to understand is that you do not have to buy from the
exchanges to be compliant and get tax advantage

 The Obamacare Individual Mandate is still scheduled for January
1, 2014
 The Obamacare Business mandate has been put off till 2015 per
President Obama
 The Insurance Exchanges are scheduled to open October 1, 2013
 Some experts believe that the only people that will purchase from
the exchanges are those that can not get insurance anywhere else
because of a pre-existing condition .

 Obamacare basically mandates that all insurance coverage be
explained in a common format and be the same cost for the
same coverage
 Due to the above all insurance companies are going to online
applications and using different type of referral networks
 Innvia’s Insurance Outlet Mall is using a marketing model of
people creating their own distribution center for family, friends
and community
 Even without Obamacare many people still need affordable
Insurance

Insurance –
What do I really need ?
 Determine what coverage you want – based on first glance
comparison
 Type: HMO or PPO – may show (HSA)
 HMO tends to be lower
 PPO allows you to pick your Specialist
 If it says HSA you have to look at detail to determine if it is HMO
or PPO
 Deductible: High or Low
 High Deductibles reduce cost of premium
 If you do not anticipate major expense you may want a high
deductible

Insurance –
What do I really need ?
 Dr. Co-Pay: Highly over weighted unless you have chronic
conditions.
 Out of Pocket (OOP): High or Low – Tends to corelate
with Deductible
 Inpatient Hospital: What you pay after deductible
 Maternity: only important if you are in child bearing years
 RX Card: Need to study details if important

Step 1 – First Page of Site
 Pick Individual & Family for
Major Medical
 Simply fill out 8 fields
 Agent ID & Agent Name
 First & Last Name
 Email & Phone
 Zip Code
 Who needs coverage
 Myself only
 Myself and my spouse
 Myself and my children
 Myself, my spouse and children
 My children
 Click SHOW HEALTH PLANS
AND PRICES
 Note these plans are fixed by
law
Click for
Quotes

Step 2 – Second Page Review Quotes
 You will get up to a 100+
quotes
 This shows the first two
quotes
 You can scroll though all
which in this case was 94
 This was a Florida quote for
a 49 year old woman
 Two carriers quoted
 Aetna
 Humana

 This shows the last two
quotes
 Note the range in prices – in
this case they were from
$119 from quote 1 on
previous slide to $627 from
quote 94 on this slide
 This a $500 spread per month
 It should be obvious that it is
worth looking into the details of
the plans
 If you prefer one carrier over
another just look at your
preference
 The next step is to start at the
cheapest

 Evaluate the high level
feature and work your
way down till you reach a
quote you are
comfortable.
 At this point you want to
View Plan Details
Click for
Plan Details

Step 3 – Review Details
 It turns out that the $159
quote was the lowest
price that met her first
level requirements
 She wanted and got PPO
 Deductible = $7,500
 Hospitalization was 0%
 Review additional
coverage to determine if
there are any more
benefits you may want or
need3

Step 3 - Review Details
 She was happy with the
coverage shown to the right.
 If she had wanted
chiropractic or accupuncture
she could of continued
looking at quotes or call the
888-504-3170 number and
talked to an insurance agent
 You may have to leave a
message if all agents are busy
they will respond within 24-
48 hours

Step 3 - Review Details
 This is the bottom of the
plan benefits.
 The next step would be to
review the Exclusions &
Limitations to make sure
this was the plan you
really want
 Note: different Insurance
companies will have
different formats for:
 Plan Benefits
 Exlusions & Limitations
Click for Exclusions
and Limitation

Step 4 – Apply on line
 The last step is to apply:
 preferrably online
 It should take two to four
weeks for them to
underwrite and confirm
your policy rate
 Note: You typically save
two weeks by applying
online
 You save the mailing time
 They do not have to input
Click to
Apply

Top half of application screen
 This will auto fill most of
the information
 Next slide will show the
bottom half of the screen
with a continue key

Bottom half of screen
 It is recommended to
choose online as that will
save several weeks
 However you can choose
to print out the form or
have it mailed

Slight Increase due to lapse of Coverage

Review Quote
 This is the last step where
you review what you are
about to submit
 The rate at this point is
considered a preferred rate

Example of 26 year old married couple
 The first is the profile for
this quote
 The second is the lowest
quote
 The third is the highest
quote
 This represents a $617
spread
 It should be obvious that it
is worth the time to
research what these
policies actually cover

this quote
quote
quote
 This represents a $838
spread
research what these

this quote
quote
quote
 This represents a $1,488
spread
research what these

The Insurance Outlet Mall is a referral agent based
Health Insurance – Please use the agent ID # and name
of who referred you to this site or presentation
http://www.insuranceoutletmall.com/
Otherwise you can use: 1178 - Tim Mendonca
For more information email info@DiamondWealthTeam.com
Thank You – For more information

Insurance outlet-mall-walkthrough-090713

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