Health & Life Insurance

Frequently Asked Questions

Q.
What do you need to get a quote for health insurance?
A.
For an individual person or family, we need the dates of birth for each person in the household. We may also ask you whether anyone smokes, and where you live. We will also find out if there are any major medical conditions in your household and whether or not anyone is on medication. Then we’ll start giving you advice! For a small group, we will need a completed census form, which is easy to complete. We’ll also ask about your type of business, where you are located, and what type of benefits you are trying to provide.

Q.
How long does it take to get a quote?
A.
Individual quotes can often be provided on the same day. We can give you some numbers on the phone, but it is usually best to let us check a number of carriers for you. Group quotes take 2 or 3 business days, and we always compare a number of the best companies for the best price.

Q.
How long do I have to wait before I am covered?
A.
All applications have to go through medical underwriting, which normally takes 1 to 2 weeks. You will not be covered until you are formally approved by the insurance company. Approval rates are based on a variety of factors.

Q.
Do I qualify for a group insurance policy?
A.
Generally speaking, you must be able to prove from your federal payroll records that you have 2 full-time employees on the payroll in order to qualify for a group policy. The owner can be one of the two employees. A full time employee works 30 hours per week or more. Payroll records are required in order to get a group policy.

Q.
If I have a condition or poor health history, can I still get a policy?
A.
Group policies can still be issued even when health conditions exist, but the premium can be increased versus standard rates. Individual policies may be rejected, increased in premium, or issued with riders/exclusions that do not cover the condition in question.

Q.
What if I need to be covered right away?
A.
You may be a candidate for a short-term health policy. These can be effective immediately if you are out of school or between jobs, or if you are waiting for approval of a regular health policy. The underwriting is very simple, but the policies do not cover pre-existing conditions.

Q.
What about COBRA?
A.
COBRA is offered to a departing employee who is leaving an employer-sponsored group plan. Under COBRA, you have the option to remain on your former employer's plan by paying 100% of the premium yourself. Premiums are often higher than comparable individual health policies, so it is certainly worth calling us for a proposal.