Revenue Objectives Int'l., LLC.
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Considerations:
Consider your needs.......... 
WHAT DO YOU REALLY NEED?
WHAT POINT ARE YOU AT IN YOUR LIFE?
Every individual and family has different needs. Some have a house full of children, others don't. Some people travel quite a bit, others stay close to home. There are an infinite number of situations and you need to evaluate yours if you are to make a decision that is proper for you. You should also consider your lifestyle while shopping for health plans.
Please also consider your personal medical history as well as that of your family, including any hereditary issues. Please ask yourself the following questions:
What am I hoping to achieve with my health plan?
How do I plan to use my coverage?
How long do I need this plan?
How much of my medical expenses am I willing to cover myself?
Are there conditions in my family history that I NEED to be covered for?
These are but a few of the areas that will be discussed during your plan design.
WHERE DO YOU SPEND YOUR TIME?
If you are like most of us the answer is at work. We do design plans that cover you on the job. But the question goes deeper than that.
Do you travel?
Do you spend periods of the year is another part of the country?
Are you spending time in outdoor activities or sports?
Again, these are just some of the things that you should be considering and areas that will be discussed during your plan design.
WHAT CAN YOU AFFORD?
Well, this question had to be asked sometime! Designing a plan that you can't afford will not do anyone any good. On the other hand, hiding behind the fear of a large monthly payment is not the answer either.
At Revenue Objectives Int'l, LLC we carry a variety of options to get you the most coverage for your budget. Additionally, our plan design includes "Field Underwriting" so we can consider your pre-existing conditions, if acceptable, into the quote. This process will give you an accurate picture of what your desired coverage will actually cost. We will let you know upfront if you may not qualify for the plan you are considering, and we will suggest other options, if necessary.
FACTS TO CONSIDER NOW...
BASIC FACTS EVERYONE SHOULD KNOW ABOUT HEALTH INSURANCE
DOES YOUR PLAN COVER YOU ON AND OFF THE JOB?
Many health insurance plans have specific exclusions that eliminate your benefits for anything that could have been covered under Workers Compensation or similar laws. Now read that last sentence again.
COULD HAVE BEEN COVERED!?
That is correct. Most self employed people and even some small business owners do not carry Workers Comp on themselves.
Revenue Objectives Int'l, LLC can design plans that will cover you on and off the job — 24-hours a day, if you are not required by law to have Workers Compensation coverage.
ARE YOU WRITING IT OFF?
Independent contractors (1099's), home based business owners, professionals and other self employed people generally are not taking advantages of the tax laws available to them.
Many people who are paying 100% of their own costs are eligible to deduct their monthly insurance payments. Just that alone can reduce your net out-of-pocket costs of a proper plan by as much as 40%. Ask your accounting professional if you are eligible and/or check out the IRS website for more information.
INTERNAL LIMITS
All true insurance plans use some form of internal controls to determine how much they will pay out for a particular procedure or service. There are two basic methods.
Scheduled Benefits
Many plans, some of which are specifically marketed to self employed and independent people, have a clear schedule of what they will pay per doctor office visit, hospital stay, or even limits on what they will pay for testing per 24-hr. period. This structure is usually associated with "Indemnity Plans". If you are presented with one of these plans, be sure to see the schedule of benefits, in writing. It is important that you understand these type of limits upfront because once you reach them the company will not pay anything over that amount.
Usual and Customary
"Usual and Customary" refers to the rate of pay out for a doctor office visit, procedure or hospital stay that is based on what the majority of physicians and facilities charge for that particular service in that particular geographical or comparable area. "Usual and Customary" charges represent the highest level of coverage on most major medical plans. Most of Revenue Objectives Int'l, LLC's plan designs use this method.
YOU HAVE THE ABILITY TO SHOP!
If you are reading this you, are probably shopping for a health plan. Every day people shop, for everything from groceries to a new home. During the shopping process, generally, the value, price, personal needs and general marketplace gets evaluated by the buyer. With this in mind, it is very disconcerting that most people never ask what a test, procedure or even doctor visit will cost. In this ever-changing health insurance market, it will become increasingly important for these questions to be asked of our medical professionals. Asking price will help you get the most out of your plan and reduce your out-of-pocket expenses.
NETWORKS AND DISCOUNTS....
Almost all insurance plans and benefit programs work with medical networks to access discounted rates. In broad strokes, networks consist of medical professionals and facilities who agree, by contract, to charge discounted rates for services rendered. In many cases the network is one of the defining attributes of your program. Discounts can vary from 10% to 60% or more. Medical network discounts vary, but to ensure you minimize your out-of-pocket expenses, it is imperative that you preview the network's list of physicians and facilities before committing. This is not only to ensure that your local doctors and hospitals are in the network, but also to see what your options would be if you were to need a specialist.
Ask your agent what network you are in, ask if it is local or national and then determine if it meets your own individual needs.
Revenue Objectives Int'l, LLC 's Plan Design allows you, in most cases, to choose a network that is right for you. Please feel free to look at our Medical Networks section in the proposal main page.
Know Your Options....
At Revenue Objectives Int'l, LLC, we can show you your options. Let's face it, not everyone is in perfect health. Individual consultation during plan design uses "Field Underwriting" to show you what your options are, depending on health status. If you have a medical condition that is relatively minor, we can include what is commonly referred to as a "Rate-Up". "Rate-Ups" are basically additional costs per month that the insurance company will charge to cover some pre-existing conditions. Including "Rate-Ups" in your plan design can get you covered in many cases. In other cases, a "Rider" may be available. A "Rider" is the elimination of a pre-exisiting condition from coverage and can help a lot of people get their application approved. Please note that "Rate-Ups" and "Riders" are not available for all conditions or in all states. Your plan designer will help you through the process.
Field Underwriting is the Key.
Field Underwriting is the process during which at plan design, your designer will review your medical history with you. We will look at any conditions that you have and discuss which options are available to handle those conditions. Field Underwriting will ensure:
Accurate quotes that include your conditions
Proper assessment and enhance your chances of getting approved for health coverage.
You review products and options that will help you if you can't be covered by a major medical plan due to pre-exisiting conditions.
The bottom line is this:
If we can help you design a plan that fits your needs and budget, we will. If you have conditions that preclude you from major medical coverage, we will help you find valuable benefit options to minimize your financial risk.
Either way, after your program is in place, we will continue to support you with a direct contact to your designer/agent who will assist you in getting the most out of your program.
Through ROI, all your Fianacial Products will compliment and synergize with each other and you will understand how and why so that all aspects of your life influences are considered for correct, real time out of pocket exposure limits coverage and sufficient stop-losses are in place. That all relevant circumstances have been considered i.e............
The Catastrophic Event...
First and foremost, everyone absolutely needs to be covered for the big hit. With ever escalating costs associated with medical care, especially critical care, you would be negligent not to evaluate the following two criteria while assessing your personal needs as over 80% of bankruptcies are to a large part, unfortunately, health related.
Policy Maximums...
All true insurance plans have policy maximums. The plan maximum refers to the most an insurance plan will pay in total, no matter what the circumstances are. Some plans have individual lifetime maximums, some have family lifetime maximums and some have annual maximums for either the family or per individual.
In the present state of escalating healthcare costs, you should be looking for a plan that has the highest maximums that you can find. It is our strong recommendation that you cover your family with at least $5,000,000 per person. Five million dollars per person is pretty much top of the line, and will go a long way towards ensuring that you and your family are protected now and for years to come. Revenue Objectives Int'l, LLC (Business Development / Financial Svcs / Mergers and Acquisitions) 800.330.7846 has plan designs that give you the coverage that you need for the catastrophic event.
Maximum Out-Of-Pocket/Stop Loss
The "Max Out-Of-Pocket" refers to the most that you will pay in deductibles and coinsurance in any given year, no matter how large your medical bills are (up to plan maximums, of course). Your plan should have the "Max Out-Of-Pocket" and "Coinsurance Stop Loss" stated clearly and understandably in writing. With Revenue Objectives Int'l, LLC when you design your "Max Out-Of-Pocket" and "Coinsurance Stop Loss" it will not only be clearly stated, you will have a say in what the amount of it is.
All Markel Plans include....
Call a Dr. from home and get your prescription sent to you or your pharmacy.....
IQ Age Banded Individual Guaranteed Issue SE IQ 3+ Group Guaranteed Issue SE
"Needs" Calculation from PacLife
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