Shorebreak Insurance Services

Where does your healthcare dollar go? The Blue Cross and Blue Shield Association is leading the future of healthcare as an association of independent, locally operated Blue Cross and Blue Shield medical insurance companies – bcbs.com

What is Open Enrollment and why does it exist? You have probably heard of Open Enrollment (OE) and know that it has something to do with medical insurance. OE is the time of year when you can make changes to your medical insurance. It used to only apply to employer sponsored group plans and to Medicare (seniors). Now with healthcare reform it applies to individual plans too. If you aren't covered, OE is the time you can "enroll" into coverage. If you want to add a dependent, OE is the time. If you want to change your plan,,, you guessed it, OE. There are exceptions called "Qualifying Events". If you have a baby, of course you can add the child. It is the same if you marry, adopt, or lose other coverage for whatever reason. You have 30 days under a group plan and 60 for individual. Why? The reason relates to the basic principle of insurance- if you have lots of people paying a small amount, they can cover all the huge expenses of the entire group. To do that you need lots of people joining the pool and staying in. If you were uninsured and there was no restriction on when you could sign up, what is to keep you from enrolling the day before you need surgery? Insurance is regulated by the State and Federal governments. They system we have is a balance of consumer and industry protections.

Welcome and thank you for viewing the very first post of the newly formed Shorebreak Insurance page. There will be plenty of developments over the next few months. I appreciate your support and well wishes. I hope you will take a moment to "Like" us.