Coinsurance is your share of the costs of a covered healthcare service calculated as a percent (for example, 20 percent) of the allowed amount for the service. You pay coinsurance plus any deductibles you still owe for a covered health service.
A premium is the amount of money charged by an insurance company for coverage. The cost of premiums may be determined by several factors, including age, geographic area, tobacco use, and number of dependents.
Frequently Asked Questions
Q: How is The Missouri Bar Private Insurance Exchange different than healthcare.gov?
A: Applying through The Missouri Bar Private Insurance Exchange allows for you to shop and compare all of the carriers in the private market at once and provides you with the advice of a licensed Benefits Counselor that has your individual needs in mind. You are also able to enroll in other exclusive benefits such as supplemental health, dental, vision, disability, etc. at the same time as your medical enrollment. This creates a one-stop-shop for all of your benefit needs. Your benefit elections are held in your personal exchange account where you are able to log back in and view your benefits at any time during the year.
Q: What are the important dates for enrolling in 2017 health coverage?
The turbulent healthcare landscape has made renewing your group’s health insurance more confusing than ever. That’s why it’s important to be in the know of all things related to group health insurance.
How to get Health Coverage Outside of the Open Enrollment Period
Your Guide to Understanding Qualifying Life Events and Special Enrollment
Life happens, and when it does, it is very likely that your health insurance coverage may need to change. When you encounter a qualifying life event that impacts your insurance needs, it is important to know that you can take advantage of a special enrollment period – since most people are unaware that they may enroll outside of open enrollment.
Why is it that so many of us do not purchase long-term care insurance? Let’s dispel the myths!