You may have received correspondence from your insurance company telling you that your plan is going to end. They could have told you that your current plan is going to end and offer you an alternate. Or they could have told you that you could stay on the plan you’re on and pay a 42% increase if you’re in the individual ACA market. So, none of these look to be good choices.
Wellmark has developed several new plans for 2017 that are definitely worth looking at. Some of the things to consider when you are looking for options to compare to your current situation, would be to understand some key terms. Bluesimplicity is the name of a product carefully developed by Wellmark to meet the needs of most of our individual market in Iowa. There are some important questions regarding Wellmark’s network, your prescription coverage and the premium. There are also many benefits that are built into the Wellmark promise such as BeWell24/7, Blue365 and MyWellmark that will be excellent reference tools for you and any of your children that may be traveling whether it be for sports or school or college. Within this product, there are co-pay plans so you would know a specific dollar amount that it would cost you to use a particular provider and there’s also the high deductible plans for those that understand and would like to take advantage of HSA options.
These are meant to be simple, hence their name, and they truly are. Change is change, but there’s always good to be found. I’m finding in working with a lot of folks that we’re able to fit them into a plan better suited to their needs with a little time and effort.