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Individual Medical

The Challenge

Our client is a CPA owner and employs one part-time person who does not need health insurance. The owner had an individual policy for his family of four. He was interested in obtaining a policy that may reduce his premium but also give him the security of good coverage with a reasonable maximum out of pocket amount.

The Approach

In reviewing the options with many of the firm’s business clients they often recommended high deductible health plans (HDHP) because they like the tax advantages and premium savings. As with all clients we did due diligence and searched CT carriers and plan designs and presented an in-depth spreadsheet that explained pricing and benefits. We reviewed HDHP options are well as traditional plans and compared those apples-to-apples.

The Recommendation

Our client chose a plan with a CT based insurer with strong local and state-wide network. The CPA appreciated that the family would not have to change doctors, understands the benefits of the HDHP and was able to save over $6,000 from prior carrier’s premiums. 

*These results are for illustrative purposes only and should not be deemed a representation of future results. Circumstances, solutions, and/or results are based on specific facts tied to unique client situations. Favorable results cannot be guaranteed even in a similar scenario. Each specific set of circumstances will differ depending on client needs and profile. Actual results may be more or may be less than those shown. Past performance does not guarantee future results. This assessment is that of the writer, and not the recommendations or responsibility of Cetera Advisor Networks, LLC or its representatives.