What is Health Insurance?
Health insurance is coverage that pays for medical and-or surgical expenses incurred by the insured. Health insurance can reimburse clients for expenses caused by illness or injury or can pay the care-provider directly.
What is the Affordable Care Act?
The Affordable Care Act (ACA), which is sometimes called Obamacare, is designed to make guaranteed issue health insurance plans available to everyone. These plans cover preexisting conditions along with a list of essential health benefits that don’t change from plan to plan.
The ACA has established a yearly Open Enrollment period for individual health insurance. In most cases, if you want ACA coverage, you must enroll in an ACA-compliant medical plan within that period. However, if you experience a qualifying event outside of that Open Enrollment window, you may be able to enroll during a Special Enrollment Period.
Short-Term Health Insurance
Short-Term health insurance plans are designed to bridge gaps in your health care coverage during times of transition.
Short Term or Temporary health insurance plans may make sense if you are:
- Rolling off your parent’s insurance
- In between jobs
- Without health insurance, have missed Open Enrollment and do not have a qualifying event for Special Enrollment
- Waiting for your Affordable Care Act (ACA) coverage to begin
- Waiting for benefits to begin at a new job
- Waiting for Medicare
- Needing a temporary alternative to COBRA insurance
- Losing coverage following a divorce
- Under 65 and in good health
In these situations and others where you find yourself temporarily lacking health care coverage, choosing a Short-Term health insurance plan may be just the security you need to get you to that next stage of your life.
Hospital Indemnity
Hospital Indemnity Insurance, also called Hospitalization insurance or Hospital insurance, is a plan that pays you benefits when you are confined to a hospital, whether for planned or unplanned reasons or for other medical services, depending on the policy.
Critical Illness
Critical Illness insurance pays a lump sum cash benefit directly to the policyholder in the event of a qualifying serious illness.
A Critical Illness policy may cover:
| Heart Attacks | Strokes |
| Life-Threatening Cancers | Loss of Hearing |
| Loss of Speech | Loss of Vision |
| Major Transplants | Paralysis |
| Comas | Renal Failures |
| Carcinoma in Situ | Coronary Artery Bypass Grafts |
Quoting Resources & Tools
Quoting available on our product portfolio
Carriers
Pinnacle works with a wide variety of carriers to help provide your clients with the best options available.