Monday, 26 September 2016
I wanted to get this to you as soon as possible. This is a major announcement regarding healthcare insurance here in Tennessee. The #1 and largest provider of healthcare insurance in Tennessee is pulling out of the major metro markets including Nashville on the Obamacare exchange. This article below from The Tennessean - released late this morning gives details.
BCBST to pull out of Obamacare exchange in Nashville, Knoxville and Memphis - Read The Full Article
What This Means For Us...
Unfortunately, this will affect how we offer healthcare coverage in this agency because Blue Cross Blue Shield of Tennessee was one of our primary healthcare providers. Up until today, I have put my emphasis toward their good product(s) because one would think the largest provider would have success in this awkward national healthcare environment. They couldn't and now we all will be forced to the healthcare.gov site to find decreasing amounts of providers that are still participating in the national healthcare system. We will continue to find best avenues to share with our customers as it pertains to sustainable healthcare insurance.
The premise of having everyone covered for healthcare is a good one. But no one has considered how the insurance companies that will provide the coverage can pay for it. And since many companies are dropping out as a result, those that remain will undoubtedly be forced to increase their premiums by incredible percentages in order to continue to participate in all of this. The story isn't over and we'll do out best to keep you informed as the progress or lack thereof develops.
As we celebrate 38 years in this business this Saturday - October 1, we're here if there is anything you need from us. Certainly, our other markets are very stable in the auto, home, commercial, life and other personal lines of insurance. If you need us for anything, we're ready to earn your good business. THANKS for the opportunity to do just that! EMAIL us at info@BentonWhite.com or call any of our staff at 615.377.1212. Stay tuned for more regarding this healthcare market as we learn more!
Posted on 09/26/2016 3:10 PM by Benton White
No comments yet.
Is the life insurance you’re getting through your employer enough to take care of your family? And are you paying too much for that coverage? A healthy 50-year-old male could save nearly 80% on premiums in the first year alone by switching from an employer-provided term life insurance policy to an individual one, according to the National Association of Personal Financial Advisors (NAPFA), a professional association of fee-only financial planners. Young, healthy employees might also be better...
Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008, she insists, when her car was broadsided by another vehicle while on her way to pick up cat food. The other driver, a 20-year-old college student, ran a red light while talking on his mobile phone, a distraction that he immediately admitted and cited as the catalyst of the fatal event. “He was remorseful,” Smith, now 43, said. “He never changed his story.” Yet in...
If you’re one of more than 38 million people working from your home in any capacity, beware: your home insurance may not provide adequate protection for your business, no matter how small. Thanks to the digital revolution, it’s never been more convenient to earn a living from your living space – but with each reward comes risk, and without the right coverage, that extra cash flow can turn from positive to negative. Unfortunately, too many at-home earners aren’t aware of the gaps in their coverage...