Mini Medical Plans

 

What are Mini-Medical Plans? Mini Medical plans, also know as Limited Benefit plans, pay the medical service provider according to a set schedule of benefits. The benefits also have set limit, thus the name limited benefit. The plans are great way to offseta wide array of medical expenses incurred including: accidents, illness's, emergencies, etc. Ideally they should be used in conjunction with a comprehensive plan to reduce your exposure to upfront or out of pocket medical expenses. But for those who simply cannot afford or qualify for a comprehensive plan, they are your next best option.

Who are Mini Medical plans best suited for? There are three major reasons you should consider a Mini-Medical Plan. You do not qualify for a major medical plan because of a pre-existing medical condition. You cannot afford major medical insurance, but do not want to be left paying for all of your medical expenses out of your own pocket. You have major medical insurance but have a high deductible and want to reduce your exposure to medical expenses incurred that you will have to pay before your existing major medical plan kicks in.

What Mini-Medical plans do you offer? We offer what we believe are some of the best limited benefit plans available based on price, coverage, other agent’s opinions, complaint ratios, and company history- Assurant Health Access, Health Option One, Value Benefits of America, Definded Solutions from IHC .

 
Assurant Health Access

Assurant Health Access- Assurant is one of the most trusted names for individual plans and has great limited benefit plans called Assurant Health Access to be used with or without a major medical plan. Follow the links listed below to run instant quotes for these limited benefit plans, to download a copy of the Health Access Brochure, or to apply for one of these plans.

Assurant Health Access Brochure- This brochure gives you specific plan details, options, and benefits.
Assurant Health Access Instant Quote- Run your own personalized instant quote.
 
 
Health Option One

Health Option One's Guaranteed Issue Medical Plan offers

  • Doctor Office Visits
  • Wellness Visits
  • Hospital Confinement Benefit
  • Diagnostics, X-ray, Laboratory
  • Ambulance Benefit
  • Emergency Room Benefit
  • Accidental Death & Dismemberment Benefit
  • Excess Accident Medical Expense
  • Critical Illness Benefit
  • And much more…

 

VBA

Value Benefits of America (VBA)- VBA offers a great set of limited benefit indemnity plans through the General Agent Center (GAC). These plans include: Surgical and Medical Insurance Plans, 24 Hour Accident Expense and Accidental death & Dismemberment Coverage, all designed to fit different needs and budgets. Follow the links below to get quotes and for more information.

 

 

Defined Solutions

The IHC Group:The IHC Group is an organization of insurance carriers, managing general underwriters, third-party administrators and marketing affliates that has been providing life, health, disability, dental, vision and medical stop-loss insurance solutions to groups and individuals for over twenty-five years

IHC Group's Defined Solution Mini Medical Plan Instant Quotes and Plan Details

 

Below are some helpful things to consider when comparing Mini Medical Plans

  1. Look at when the plan kicks in. Some mini medical plans are set up not to pay until a certain threshold. This "deductible" type plan is really more in line with what the industry calls "catastrophic" health plans, but it's something to keep in mind with the mini plans as well.
  2. Look at provider limitations. Although industry analysts identify mini medical plans as not usually having Preferred Provider assignments, that doesn't mean the plan may not contain limits on who can treat one of their members.
  3. Look for high copays or coinsurance. Copays and coinsurance represent what a covered member would have to pay out of pocket when the plan has done its part. For a "mini" medical plan, that could be relatively high.
  4. Look for high annual caps. Mini medical plans OFTEN have annual caps that would seem, on the face of it, unrealistic. A health plan that only pays $2,000.00 per year will not go far if you end up with a broken limb, a couple of ER visits, etc. The cost of medical care can quickly outstrip these low annual caps, leaving the policy holder stranded by shallow coverage.
  5. Look for low lifetime benefit caps. This is another way mini plans cut costs, but low lifetime caps are even worse than low annual caps: when the plan has "maxed out" the policy holder is not entitled to ANY payment, EVER. Realizing the limitations of a plan help a consumer to avoid that feeling of having been cheated on their coverage.

Also please remember these are not comprehensive plans and should not be used to replace a major medical plan unless you cannot afford a major medical plan or because you do not qualify for a major medical plan because of health issues. You have much more liability in the event of a major illness or sickness.

 

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