My current insurance company has significantly increased my rate. How can I get a lower rate?
If your current insurance company has increased your rate, you can be sure we will do everything we can to find lower rates with Transparent Insurance Solutions. Our insurance brokers are here to find you the most competitive prices on the market today, and we’ll fit you with an insurance package that suits both your needs and your budget.
Is there a fee for getting an insurance quote?
With us, there isn’t.
Book a no-obligation consultation with our team, and you’ll receive free insurance quotes from different carriers so that you can easily compare and contrast. We work with you to find the right insurance quote, no strings attached.
What is a deductible? What is coinsurance? A Copay? What about the out of pocket maximum?
A deductible is the amount you are responsible for, prior to an insurance company helping your with your health related expenses. Typically, once you have met your deductible, you will enter the coinsurance phase of your health plan. If applicable, you and the carrier then share your healthcare related expenses based on a percentage. For example, often we see an 80/20 plan design. This means that once your deductible is met, the carrier will pay 80% of your expenses, while you pay 20%. A copay is always a flat dollar amount. Sometimes we see copays for a doctor's visit, or a prescription drug benefit, for example. Once you have hit your out of pocket maximum, you will be in full benefits, and the carrier will pay 100% of your eligible expenses.
What plan costs get applied to my out of pocket maximum?
First it is important to note that only expenses for covered services get applied to your out of pocket maximum. For example, if you use your insurance for a claim that isn't a covered service, no credit towards your out of pocket will be given. That said, any deductible amounts, copayments, and coinsurance amounts will be applied to your out of pocket maximum.
When should I review my insurance protection?
At Transparent Insurance Solutions, we believe it’s best to review your insurance protection at least once a year. REMEMBER, EVERY YEAR BEGINNING NOVEMBER 1 IS OPEN ENROLLENT! You will want to make sure you review your coverage, and make sure you secure coverage for the following year! In addition, if you have gone through a significant life change, it’s best to check in with us as soon as possible.
Get in touch with us now at (970) 946-6048 to schedule an appointment.
Able to save money on premiums by selecting policies with higher deductibles. Consult with our insurance professionals to see what’s in your best interest.