FAQ/How to do business with us

FAQ section

General Questions

Did President Trump get rid of Obamacare?
No, the future of our healthcare system has yet to be decided. Currently, the laws have NOT changed, subsidies are still available and people with Special Enrollment Periods are still allowed to enroll through the Federally Facilitated Exchange. We do expect significant changes for the future, however, looking to the past it is not likely that these changes take effect until 2018, 2019 or later.
Open Enrollment was from November 1, 2016 - January 31, 2017 and is now over. Can I still buy insurance?
Yes, you can buy short term medical insurance (insurance that is much less expensive than major medical coverage but which has certain limitations, like excluding coverage for pre-existing conditions).
Can I buy major medical insurance?
Yes, but only if you qualify for a Special Enrollment Period. The most common SEP is losing health insurance, like insurance through your employer. If you qualify for an SEP you have 60 days to apply for coverage.
I just heard about a christian cost sharing ministry program that is much cheaper than my insurance, is this a good option?
No, christian cost sharing ministry programs are NOT insurance and should not be thought of as replacements for insurance. Broadly, these programs do not guarantee any payment for medical services, they are not required to follow insurance law, exclude pre-existing conditions, and include often comparatively low limits on those service that are paid for. Further, some major medical carriers will not accept a christian cost sharing program as credible coverage.
If I don't have insurance, will I have to pay a tax penalty?
Uncertain, President Trump signed an executive order that seems to imply that there will not be a tax penalty charged. We are not aware of anything coming from the IRS at this point on the topic.

FAQ section

HSA Plans

What is an Health Savings Account (HSA)?
Health savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses. You — not your employer or insurance company — own and control the money in your HSA.
The money you deposit into the account is not taxed (there are annual limits to contribution amounts) and offers the following tax advantages: All earnings and interest are tax-free.
Any withdrawals for qualified medical expenses are tax-free. Plus, once you reach age 65, all nonmedical withdrawals are taxed at your current tax rate, just like a traditional IRA.
Portability. As with an IRA, you own the account outright and can roll it over to another HSA custodian, subject to some restrictions.
To be eligible to open an HSA, you must have a special type of health insurance called a high-deductible plan.
What are some potential advantages of health savings accounts?
  • You decide how much money to set aside for health care costs.
  • You control how your HSA money is spent. You can shop around for care based on quality and cost.
  • Your employer may contribute to your HSA, but you own the account and the money is yours even if you change jobs.
  • Any unused money at the end of the year rolls over (stays in your account) to the next year.
  • You don't pay taxes on money going into your HSA.
Please feel free to contact our HSA pro to see if an HSA might be right for you.
What are some potential disadvantages to health savings accounts?
  • Illness can be unpredictable, making it hard to accurately budget for health care expenses.
  • Pressure to save the money in your HSA might lead you to not seek medical care when you need it.
  • Information about the cost and quality of medical care can be difficult to find.
  • Some people find it challenging to set aside money to put into their HSAs. People who are older and sicker may not be able to save as much as younger, healthier people.
  • If you take money out of your HSA for nonmedical expenses, you'll have to pay taxes on it.
Please feel free to contact our HSA pro to see if an HSA might be right for you.

Individual Health Department

Individual Health insurance is for individuals and families who are not connected to employer-based coverage. When looking for individual health coverage for your client, Stone Hill's Individual Health Department offers an array of different options for your clients to choose the best possible coverage and wellness for their needs. Depending on your client's circumstances we can help you in assisting them in exploring health coverage through the Federally Facilitated Marketplace or Privately through the carrier. With a simple quote request we can compile several plan designs and benefits within all of the carriers ON or OFF the Federal Exchange.

We also offer beneficial additional products for individuals such as, dental, vision and supplementary insurance. If you find yourself running into clients needing individual coverage and that is not your main focus as an agent or not something that you would like to spend a lot of time on we also have in-house assistance so that your client will be assisted for you while you maintain your relationship with them for their other insurance needs.

Carriers

Molina

Regence BCBS

SelectHealth

U of U

 

Contact Us:

Department Manager/Resolutions
David Oberle 801-428-1574
Group Health
Tierney Turner 801-428-1521
Individual Health/Dental
Darci Allen 801-428-1531
Savanah Andersen 801-428-1511
Group Ancillary
Amy Roberts 801-428-1528
Health Licensing/Commissions
Ella Eldredge 801-428-1529
Group Referrals/Sales Assistance
Janeen Petersen 801-455-4899
Individual (ACA) Referrals
Jacob Fredrickson 801-428-1571
 

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