• Antonio Musibay, Licensed Insurance Agent,
$7,200 Savings
H I came into a law firm, where the owner, a 39-year-old male, was on a group plan, paying $1,283/month for himself, his 49-year-old wife, and their 12-year-old son. I was able to come in with a plan for $643 a month. He was thrilled to save over $7,200/year and has recommended other people.
• Jennifer Adams, Licensed Insurance Agent, Royal Palm Beach, FL
$36,000 Savings
H A small business was not doing very well and the owner began looking for a way to get out from under paying over $120,000 per calendar year on group health insurance. He was aware that cancelling group insurance might cause him to lose his key employees. At first, he seriously considered a consumer driven health plan and wanted to try to keep group insurance, but one that would be affordable for the company. I told him that the only way he could save drastically was to take plans with no co-pay for doctor visits. I told him that he should really consider a consumer driven health plan with a 100% after deductible. If you’re sick you’re sick! It doesn’t matter what deductible you have if you are going to need to have a procedure done, diagnostic test, maybe even surgery. He finally decided on a $1,500 calendar year deductible, with savings of $36,000 annually for him and his family.
$5,330 Savings
H A client was paying an extra $773.24 per month for his wife and two children on their group plan. I put them on an individual plan with a family calendar year deductible of $3,000 for $329 per month. They were approved within 10 days with no problems. He saves $444.24 per month or $5,330.88 annually guaranteed and more, because the group renewal just went up by 11%. Worst case scenario - he’s out $3,000 for the entire family and he still saves $2,330.88. It’s very nice to do things like this, I love what I do for a living.
$18,000 Savings
HAn alarm service decided to fund all employees’ accounts @ $1,500 each for individual and $3,000 for employee with family, and they still saved about $18,000 per year. This is truly 100% better coverage.
• Lee R. Amster, Licensed Insurance Agent,
$8,000 Savings
H A 59-year-old man and his 56-year-old wife were on a group policy and were paying a monthly premium of $2,100. We went to the individual policies and were able to save them over $8,000 annually. The results and benefits for these clients were a hefty savings in their premiums and a far better and more recognized health insurance company, which fits into their future travel plans made possible by their savings.
• Michael R. Tinsley, Licensed Insurance Agent,
$17,892 Savings
H A doctor
and his wife own a property management business. He was previously paying
$2,095 per month for a small business group plan. The plan included him, his
wife, four children and a $5,000 deductible, plus co-pays. He and the wife are
in their late thirties, and the kids range from
• Jack Hellman, Licensed Insurance Agent,
$6,012 Savings
H A couple was on an individual plan with a child at $1,025 per month, a plan they’d been with for almost 10 years. I presented a consumer driven health plan. The total cost of the new plan for all 3 was $524 per month, a savings of $501 per month or $6,012 per year. I also showed them a nursing care plan, and they decided on a plan costing about $112 per month. We certainly cut their premium in half and I believe we improved coverage by more than 100%.
$7,344 Savings
H I suggested a client in an existing group move his spouse and children to an individual plan as the company he works with pays for employees, but contributes $0 to families. This is not uncommon. The company has a very good benefits plan, running about $500 for employees, but the family price is $1,500, or $1,050 for the remaining family members. I signed up the wife and 2 children at a total cost of $438 on an individual plan, a savings of $612 per month or $7,344 per year. Many people don’t even realize that the family rate is the same with one child as it is for six children. This is one of four other members in the group that I have saved significant dollars.
•
$24,000 Savings
H Small
company in
$8,000 Savings
H Condo
association in
$14,400 Savings
H Attorney
in
$3,000 Savings
H Family of
four in
$7,200 Savings
H Family of
four in
$10,500 Savings
H Small business owner covered under an association plan, rate was going up to $14,000 per year. Was able to move to a consumer driven health plan with the same company, no underwriting, including $3,000 annual contribution to a health savings account, annual outlay of $10,500.
• Philip M. Weinstein, Licensed Insurance Agent,
$27,000 Savings
H I am working with a hardware company with 7 employees. I am saving the owner over $27,000 in premiums and giving them 100% better coverage.
$18,000 Savings
H I was also able to save a 60-year-old female over $18,000 a year in premiums. She selected a consumer driven health plan. I am now her very best friend.
• Anthony Cappellino, Licensed Insurance Agent,
$3,720 Savings
H A doctor
insured himself and his family with a medical plan that was tied into the Small
Businessman’s Association. They marketed through this association to small businesses for many years, taking
advantage of the association name, catering to all small business owners
offering health insurance through
the association, avoiding
• Judi Hall, Licensed Insurance Agent,
$6,000 Savings
H We saved a small group, with four employees plus families, approximately $500 a month, and we haven’t even completed the process of writing the balance of the group, which we believe will save them substantially more by the time we are finished.
• Laurie Green, Licensed Insurance Agent, Jupiter Farms, FL
$7,200 Savings
H I asked my neighbors one day (a 62-year-old male and a 62-year-old female) what they were paying for their health premiums. He was self-employed and they had a small group plan. They had been paying a whopping $1,400 a month for years, not to mention it was going up again at their renewal. I wrote them on an individual plan and they were approved in less than 3 weeks. Putting them on that plan saved them $600 per month, and they were extremely happy. Since then, they have sent me a referral and had me over for dinner.
• Keats Soder, Licensed Insurance Agent,
$11,000 Savings
H Parents with two adult daughters working for them were paying $2,328 a month for a group policy when they learned of an increase to $2,760 a month coming up in two months. This policy also had a $2,000 annual deductible, $15/$30 doctor co-pay, 20% of costs and prescriptions. Total annual cost was estimated at about $36,000. I was able to put the parents on a group consumer driven health plan (pre-existing health issues disqualified them from having individual plans) for $1,366 a month. The daughters qualified for individual consumer driven plans. The total annual cost is now estimated at $25,000 with a maximum worst case cost of $28,000, saving them about $11,000 a year.
• George Preacher, Licensed Insurance Agent, Plantation, FL
$17,472 Savings
H A 38-year-old dentist has a practice with 7 employees. Three employees, one of which is the dentist’s wife, waived group coverage because of other coverage. His co-pay HMO platform plans with large out-of-pocket exposures covered him, his two children, his 63-year-old father and mother, and two female employees, age 44. The dentist and his family were paying $950 per month, the father and mother $1,650 per month, and the two female employees $451 each. Utilizing individual coverage combined with group, and the consumer driven health plan concept, I saved them $17,472.12 in annual premiums and improved their coverage 100%.
$7,000 Savings
H A retired couple, a 56-year-old male and a 55-year-old female, came to me because of a 14% increase on a plan they held. The policy had a $1,000 deductible, 90/10 co-insurance and out-of-pocket maximum of $3,000. Both the deductible and the $3,000 out-of-pocket exposure are per each Insured, totaling $8,000, plus Rx drug expenses, which are unknown. They switched to a $6,000 consumer driven health plan family deductible with 100% coverage totaling only a $6,000 exposure, including Rx coverage. The result was a $7,000 per year savings.
• Renee Itts, Licensed Insurance Agent, Boca Raton, FL
$24,000 Savings
H I transferred a group from another agency after they were quoted over $5,000 a month. I put the owner and his wife on a consumer driven health plan and the others on a very rich plan that gave them more than they had before. The savings was $24,000 a year
• Neal A. Nazinitsky, Licensed Insurance Agent, Palm Beach Gardens, FL
$21,348 Savings
H A 60-year-old businesswoman had the same one-person group plan for over 15 years. She thought it was expensive and wanted to know her options. There was concern regarding her medical history, because she was using several prescription medications. Boniva was used to prevent osteoporosis, tramadol and clonazepam were to provide relief and treat occasional shoulder pain, and estradiol was being used for hormone replacement therapy. After educating her of the plan differences and providing her with her options, she decided the consumer driven health plan made the most sense. She was paying $2,175 per month for the one-person group coverage through her previous carrier. After underwriting approval, her consumer driven health plan monthly premium was only $396. No rating and no restrictive riders.
• Heather Rodger, Licensed Insurance Agent, Jupiter, FL
$12,000 Savings
H I walked into an auto body shop and asked the business owner if he was interested in saving money on his health insurance. He stated that he had taken out a small policy six months earlier to replace an old contract for him and his two children. He had no idea that all of his hard work to keep his business and family surviving could be wiped out. He understood the concept of 100% better coverage while paying 50% less premium, but ultimately chose a hospital/surgical plan for himself while covering the children with the best co-pay plan, a decision made solely due to struggling finances, not because he was an uninformed buyer. I still saved him about $100 a month… that’s $1,200 a year.
• Stefan Fatseas, Licensed Insurance Agent, West Palm Beach, FL
$29,140 Savings
H A doctor’s office with six employees and five dependents was paying 100% for all employees/dependents. The total health billing was $43,230 per year for a $500 deductible traditional plan. The solution was that two employees and their four dependents qualified for individual/family consumer driven health plans, leaving four employees and one dependent automatically switching to a consumer driven group health plan coverage. All employees also opted for a supplemental hospital/accident plan to cover their deductibles in the event of an over-night hospitalization or serious accident. The total billing for better coverage was reduced to $29,140/year… a savings of $23,090/year.
• Luis Bestieva, Licensed Insurance Agent, Wellington, FL
$51,000 Savings
H A doctor’s office is now paying $84,000 for a group health plan. The agent of record just added spouses and children to the plan. Only one out of the five doctors has a spouse that would not qualify for an individually underwritten plan. I proposed taking all healthy employees, spouses and children to individual plans and leaving the doctor with his spouse on the group. My proposal will create a savings of $51,500 a year, which they are going to use to hire a new person to handle their billing. This will still leave $20,000 of disposable income to the business.
• R.G. Gonstead, Licensed Insurance Agent, Singer Island, FL
$20,000 Savings
H During 2007 I was able to move a seven-person law firm from a rich benefit healthcare group plan to a consumer driven group health plan and saved the attorneys $20,000.
• Bill Slavin, Licensed Insurance Agent, Coral Springs, FL
$8,040 Savings
H A 52-year-old auto service business owner in Davie and two daughters were covered on his wife’s plan at work. Her employer provides medical benefits for employees at no cost, but makes no contribution for their dependents. She was responsible for the full cost of her family’s insurance through payroll deduction. She was paying premiums of $1,088 per month. Once they learned how a Consumer Driven Health Plan work, they selected a plan with a $3,000 family deductible for him and the children. The premium for the policy was only $366 a month. A dental Preferred Provider Organization was added for $52 a month for a total of $418. The total savings was an astounding $670 a month. The entire deductible could be pre-funded from the premium savings alone in less than 5 months. These clients now have 100% medical coverage, no co-pays, no co-insurance, and no deductible, for less than half the premium.
• Debby Drutz, Licensed Insurance Agent, Hallandale, FL
H A 40-year-old woman in perfect health was trapped in a company with escalating premiums. After a visit to the doctor for her annual check up, she began receiving bills, bills, and more bills. Not only were her premiums expensive, but nothing was covered. We reduced her premiums and out of pocket costs immensely, and she is now thrilled to be a member of the “50% less premium and 100% better coverage club.” There’s more… I covered her husband approved on a $500K life insurance policy. It’s just another great day where better coverage costs 50% less!
• Jan Hartough, Licensed Insurance Agent, No. Palm Beach, FL
$17,112 Savings
H A veterinarian in Palm Beach Gardens, treats very expensive sports horses in Wellington. When we met he showed us a group policy for 3 people for which he had been paying $2,143 per month. We arranged a consumer driven health plan for him and his wife and a plan for his 23-year-old daughter who is not currently in school. The new premium amount for those policies is $717. Not only were the premiums less but their “out of pocket’ exposure was reduced significantly from $16,500 to $4,500. They are thrilled. This client was concerned, realizing he had been spending over $1,400 a month too much and was grateful he had agreed to meet with us. We did, indeed, improve his coverage significantly and reduced his premiums by almost 67%. We hope to help many more people in the Palm Beach Gardens and North Palm Beach areas by getting them off the Titanic of over priced group insurance.
• Enrique Massens, Licensed Insurance Agent, No. Miami Beach, FL
$12,000 Savings
H A family of 5, a 43-year-old husband, 34-year-old wife and 3 children, were paying over $1,600 a month for an HMO one man group. I wrote the consumer driven health plan with a monthly premium of $626 and saved them over 40% a month in premium.
• Steven Falzack, Licensed Insurance Agent, Davie, FL
$6,000 Savings
H A client with a wife and three children bought a conventional plan four years ago where the premium was running about $1,300 a month. He was very concerned paying that high premium every month and was afraid he might have to drop his coverage. After showing the client a Consumer Driven Health Plan where the premium was $794 a month, saving of over $6,000 a year plus an out of pocket maximum savings of $5,000 a year, plus the tax savings on his account, the client was very grateful. He has been referring me to all his friends and business associates
• Joe Budd, Licensed Insurance Agent, Boca Raton, FL
$51,000 Savings
H At the time I purchased an individually underwritten policy 15 years ago, my family of five was young and healthy. Over time, some health issues developed, especially for my oldest son. A couple of years ago, our carrier introduced a new consumer driven health plan. I had a Preferred Provider Organization plan with a per person deductible of $500 and 20% co-insurance. Between the insurance premium and the additional out of pocket expenses, I was spending over $16,000 per year for the previous seven years. This new plan had a higher family deductible ($6,000 for the whole family), but the premium was much lower, and I would not have any out of pocket expenses once the deductible was met. The savings were incredible! The new deductible and premium combined meant that my maximum out of pocket expenses would only be about $11,000. I would save at least $5,000 annually from what I was spending! In addition to the $5,000 of savings, I would get an extra tax deduction from funding the health savings account, saving me an additional $2,000 in self employment/income tax savings. The money I have saved is great, but there is something even more important. I know that regardless of any health conditions my children may develop, they will be allowed to convert to their own policy and will have the coverage they need. If I was on a group plan they would have to medically qualify for their own policies. My oldest son would not qualify and would not be able to purchase affordable coverage. I don’t have to worry about that.
• Dave Knapp, Licensed Insurance Agent, Wellington, FL
$15,828 Savings
H A one-man group owner came into the office upset. The premium for him and his wife (dependent) was $2,539.66 per month. Their solution was to simply drop the coverage and go with nothing. Considering that they both have health issues, including diabetes and blood pressure problems, I convinced them that we needed to find another answer. After reviewing a number of possible plans, they decided that the maximum out of pocket was too high for them, so I requested an Consumer Driven Health Plan. They liked what they saw. By switching their plan to an CDHP we were able to reduce their monthly premium 52% from $2539.66 to $1,220.64 per month and still gave them better coverage.