Professional Insurance Services, Inc.


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Limited Benefit and Fixed Indemnity Health Plans

 

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Fixed Indemnity Limited Underwriting

Limited Benefit Guarantee Issue plan

Professional Insurance Services, Inc. offers Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans to those who need an alternative to traditional major medical health insurance.

Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans are designed to help those who have problems obtaining health insurance due to pre-existing health conditions or those who can't afford the cost of traditional major medical Health Insurance or the state High risk pool rates obtain affordable health insurance coverage. 

Not Major Medical Health Insurance

Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans are not Major Medical Health Insurance plans, although they do offer some similar benefits that major medical health insurance plans offer, such as office visit, outpatient prescription drug and In and out of hospital coverage.  The primary difference in Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans opposed to traditional Major Medical Health Insurance plans is that Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans usually have specific limits on what they will pay for medical care.

Guarantee Issue

Some Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans are guarantee issue and you cannot be declined for health insurance. 

Limited Underwriting

Others Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans use the limited underwriting approach and will accept many pre-existing health conditions that traditional Major Medical Health Insurance plans will not, but they are not fully guarantee issue.

So, why would anyone want to buy a Limited Benefit Health Insurance plan or a Fixed Indemnity Health Insurance plan rather than a traditional major medical health insurance plan?

  • Because they cannot qualify for a traditional major medical health insurance policy due to health history

 

  • Because they cannot afford the higher cost of state High Risk Pools

 

  • Because they cannot afford the cost of traditional Major Medical Health Insurance plans

 

  • Because, although Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans have low fixed limits on what they pay for medical care, most include a PPO Network Discount program which includes physicians, hospitals and other healthcare providers. The PPO Network allows the insured to receive substantial discounts on the cost of their medical care, thus lowering their overall out of pocket cost.

Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plans are not what an insurance professional would recommend in most cases for those looking for traditional major medical health insurance, but in some cases it's the best alternative due to the reasons mentioned above.

If you find yourself, a loved one, or friend in one of the situations mentioned above a Limited Benefit Health Insurance Plan or a Fixed Indemnity Health Insurance plan may be a viable alternative solution to traditional major medical health insurance plan or a state High Risk Pool.

Please call Professional Insurance Services, Inc. and let us help or click on the Limited Benefit Health Insurance plans and Fixed Indemnity Health Insurance plan links above for a quote and to enroll online.