Fuller Insurance Blog

Paul Renfroe: Life Insurance and Annuity Expert at Fuller Insurance

Fuller Insurance welcomes Paul Renfroe as our in-house expert for Life, Health, Disability and Long Term Care insurance, and Annuities. We had to compete with the best agencies around in order to bring him on board with us, so we are glad he chose Fuller Insurance!

Everyone wants the most retirement income possible without running out -- and that's what Fuller Insurance can now deliver for you with Paul in our office. Paul's favorite word is "GUARANTEES" and he often quotes Vince Lombardi's 1st rule for winning: DON'T LOSE. 

During his 17-years in the insurance industry, Paul has created many highly successful Asset Protection and Asset Spend-down plans for those with retirement concerns. Most importantly, he genuinely cares for you, the client, and is always working to help you get the best deal possible for your hard-earned money. This priority on your value over our profit stands in stark contrast with the many insurance advisors who promote based on what they are paid.

Paul explains it this way: "I have found that if I put the client's interest before mine, like the Bible says to do, then it enables clients to trust me with multiple financial concerns. Plus, clients feel confident to refer their friends to a real servant in the financial field like me. And I sleep with a clear conscience each and every night."

Paul is a Certified Senior Advisor (CSA). When added to his years of service to individuals and business owners, this breadth of experience uniquely qualifies Paul to understand our clients' concerns.

Paul Renfroe and Fuller Insurance look forward to helping you with these important new services.  Schedule your no-cost insurance and asset review by calling Fuller Insurance at 622-5283.

Support the Children's Volunteer Health Network: 7th Annual Hurricane Party

Support the Children's Volunteer Health Network (CVHN) by attending the 7th Annual Hurricane Party  on August 27, 2011. The Hurricane Party will be at Pandora's at Grayton Beach from 6-10pm. CVHN provides medical and dental health services to needy children in Walton and Okaloosa Counties. Take a look at this video and thanks!

 

Fuller Insurance Now Offers Assurant Health Plans

I am pleased to announce that our agency now offers Assurant Health Plans, including major medical insurance, short term medical insurance, accident insurance, and dental insurance.

You can request an instant health plan quote from our website or call us at 850-622-5283.

 

 

 

Florida Pre-Existing Condition Insurance Plan: 40% Rate Decrease

Did you know that the Affordable Care Act (health insurance reform) created a special health insurance plan for people that cannot get individual health insurance because of their pre-existing health conditions? The plan is called the Pre-Existing Condition Insurance Plan (PCIP) and, in Florida, it is administered by the U.S. Department of Health and Human Services (HHS).

On May 31, HHS advised that they are lowering the Florida PCIP premiums by a whopping 40%! So, if you need individual health insurance, but cannot get it because of your pre-existing health conditions, this may be the right time for you to apply for PCIP coverage.

In 2014, insurers will no longer be able to deny coverage to people with any pre-existing condition, like cancer, diabetes, and asthma. The PCIP acts as a "bridge" for those people that need coverage now, until 2014, when they will be able to get coverage from a private insurance company.

Beginning this fall, agents and brokers will be able to help people enroll in the PCIP. But for now, you have to apply for PCIP coverage online.

Florida Individual Health Insurance and Deductible Credit

One of the interesting benefits that Florida health insurance companies have come up with is the Deductible Credit. The Deductible Credit benefit is included in all United Health One - Golden Rule health insurance policies.

This is how the Deductible Credit works: If you do not satisfy the prior year deductible, you will receive a 20% Deductible Credit for the current year. This credit can accumulate from year to year, up to a total of 50%.

For example, lets say you have a $5,000 deductible the first year of your Florida health insurance policy. If you don't satisfy or meet the deductible in the first year, then the second year your deductible drops to $4,000 (you get a 20% credit). And if you don't satisfy you deductible in the second year, then the third year your deductible drops to $3,000 (another 20% credit). If after 4 years you do not satisfy your deductible, your deductible would be $2,500.

So, you can save money now and take a high deductible Florida health insurance plan with a lower premium. If you stay healthy from year to year, your deductible will drop with the Deductible Credit benefit.

Individual Health Insurance Plans: 5 Questions To Ask

Shopping for and purchasing an individual health insurance plan can be a tedious experience. There are many different insurance companies, plans, doctor networks, plan options ... and then there is the cost of the health plan.

When you start to apply for an individual health plan you have to disclose your entire medical history, provide details on your doctors, and maybe even provide medical records. Whew! No wonder so many people put off getting an individual health insurance plan - it can be a huge project.

To help you with the shopping process, here are 5 questions to ask when you're shopping for an individual health plan:

1. Do I want short-term or long-term coverage?
2. How much am I prepared to pay out of my own pocket?
3. Are my doctors in the network?
4. How do I want to pay for doctor's office visits?
5. What optional coverage do I need?


If you would like more help shopping for an individual health insurance plan, call Shelley Carmichael at Fuller Insurance. Our phone number is 850-622-5283.

 

 

Trusted Choice Brand Launches New Website

Trusted Choice, the brand of the Independent Insurance Agents & Brokers of America, recently launched a new consumer website. This new website is much better than the old one and includes great information on auto insurance, homeowners insurance, life/health insurance, and business insurance.

Check it out at http://www.trustedchoice.com.

Individual Health Insurance: Let's Fine Tune Your Coverage

I think individual health insurance is like a race car: you put a lot of money in it, but if it is not tuned correctly it will not perform the way you need it to. Now that health insurance reform is being implemented, you need to take a second look at your individual health insurance policy to make sure you have the right coverages and benefits at a price you can afford.

One of my favorite insurance companies to do business with is United Health One/Golden Rule. Their individual health insurance plans are easy to understand, their price is competitive, and you can fine tune them to match exactly the coverage you need. I finished some on-line training with them this morning and wanted to share with you some great individual health insurance resources.

United Health One/Golden Rule is the industry leader in individual Health Savings Account (HSA) policies.  An HSA policy combines a high deductible health insurance policy with a tax-favored savings account. Money in the savings account can help pay the deductible. Once you meet the deductible, the insurance starts paying. Any money left in the savings account earns interest and is yours to keep.

HSA policies are becoming a more popular option for people that need individual health insurance (small business owners, realtors, contractors, etc).

A great resource to learn more about Health Savings Accounts is the HSACenter.com.

United Health One/Golden Rule offers some great on-line resources to better understand how their individual health insurance plans work. Take a look at these videos:

1. Video - Copay Select Plan - a traditional copay plan

2. Video - HSA 100 Plan - the most popular health savings account plan

3. Video - Plan 100 - a high deductible, low premium plan

If you have questions about individual health insurance, health savings accounts, or United Health One/Golden Rule, our office staffs 3 qualified and licensed health insurance agents to serve you: Garrett Fuller, Shelley Carmichael, and Chris Jayne. Feel free to call us at 850-622-5283 with your questions.

Supreme Court Declines To Review Health Care Reform Law In Baldwin Case

The U.S. Supreme Court declined to take up a lawsuit filed in opposition to the Patient Protection and Affordable Care Act (PPACA), more commonly referred to as the health care reform law.

The lawsuit is Steve Baldwin and Pacific Justice Institute vs. Kathleen Sebelius et al., (10-369) and was filed in May in the U.S. District Court in San Diego.

Source: National Underwriter

 

 

New Rule Could Force Some Health Insurers Out Of Business

A new rule in the health insurance reform law requires insurance companies to spend a certain amount of premium dollars on health care. Called the "Medical Loss Ratio" rule, insurance companies will have to spend 80% to 85% on health care for customers instead of on their own profits or overhead.

CNN Money has a pretty good article explaining the pros and cons of the Medical Loss Ratio rule. Check out the article and post your comments on our blog.