At Community Insurance we strive to provide you with the options so that we can try and best meet the needs of all our individual clients. In order to do this we have elected to work with two main health insurance companies, BlueCross BlueShield of MN along with Medica. Health insurance is there to help you manage the high costs of health care. It pays for many of the expenses for doctor visits, hospital stays, prescription drugs, and preventive care.
As of January 1st 2014, all individuals must maintain health insurance. If you do not have health insurance you will be penalized $95 or 1% of income whichever is higher. The penalty will continue to increase each year after that. Also no company can deny based on your prior health history.
There are many ways to get health insurance including:
- Individually/Family – either directly through a carrier (BlueCross or Medica) or online through MNSure.
- Small Group – set up by employers who have employees of 2 – 50, with your employer sharing in on the cost of the insurance premium.
- Large Group- again set up by employers who have employees of more than 50, also sharing in on the cost of the insurance premium.
- Medicare – health insurance for individual ages 65 and older, or people with disabilities.
Copay: A set price for some services (for example, $25 per office visit). Some plans don’t have copay.
Deductible: The amount you pay for covered medical expenses each year before your health plan begins to pay.
Coinsurance: The costs you and your health plan share. For example, you pay 20 percent of the cost of a doctor's office visit or hospital stay, and your plan pays the other 80 percent. Some plans do not have coinsurance.
Health Savings Account: Your pre-tax contributions to your HSA account can help you save when you use it to pay for covered expenses.
Out-of-pocket maximum: The most you have to pay for covered medical expenses in a year.
Premium: The monthly amount you pay for your health plan. Usually a lower premium gives you a higher deductible. See our many individual and family plans and select the plan that works best for you.
As of January 1st all children under the age of 18 must have pediatric dental coverage. We also can provide family plans meeting the requirement.