A little knowledge can save a lot of $$

We have an intern working in our office. She was recently working with a client on their auto insurance and the topic of health insurance came up. The client had their health insurance through the Oregon Medical Insurance Pool (OMIP)
OMIP is a safety net for people that cannot qualify for individual health insurance due to a pre-existing condition. Unfortunately, due to the high risk group it supports, the cost for coverage is significantly higher. This client was paying $436 per month.
As I reviewed this info with our intern, one of the first questions I asked was " why did her previous agent set her up with OMIP?". It turns out this client had a 5 or 6 year bout with anxiety. (It ended almost immediately after retiring, imagine that.)
What this lady's prior agent failed to do was consider all the options. If he or she had dug a little deeper, they would have found out that the anxiety was not only no longer an issue, but was not a future concern for the client. There are plans that exist that specifically exclude mental health and thus she could easily qualify for one of those plans.
Long story short, we ended up writing her a new policy, and her monthly premium went from $436 to $202 per month.
It matters where you go for information. In this case it was worth $2,808 per year. If you need another opinion. Give me a call.

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