health insurance?
Wednesday, November 26th, 2008 at
4:44 pm
Clay L asked:
I’m trying to get health insurance for my local buddhist temple, there are 10 monks residing there. Is it possible to get them group insurance or small business insurance? I already know they can get individual but they want look at all possible options to save some money. They just want to pay a reasonable copay when they visit the doctor and when getting prescriptions. Thanks for any help.
I’m trying to get health insurance for my local buddhist temple, there are 10 monks residing there. Is it possible to get them group insurance or small business insurance? I already know they can get individual but they want look at all possible options to save some money. They just want to pay a reasonable copay when they visit the doctor and when getting prescriptions. Thanks for any help.
Tagged with: Insurance • Insurance Business • Prescriptions
Filed under: Health Insurance
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Hmmm…aren’t they supposed to be creating their world with their thoughts? What about thinking about health?…Well, maybe to hard to think of that…
Anyways you could call Blue Cross/ Blue Shield or Aetna and see what individual or group policies might be having open enrollment to individuals…
Is monk a profession? If there’s one employer, like a church, and they all work there, it’s possible they might get a small group policy – but the rate will be based on their ages and health, not to mention the turnover.
Keep in mind, group rates are RARELY cheaper than individual rates. It only SEEMS cheaper, because the employer picks up a chunk of the tab.
In any case, you need to discuss this with a local, independent agent. THEY can give you the options.
Your group might qualify for being a professional association. In that case, you may need to have a group sponsor. A sponsor is the master policy owner, who would be responsible for paying the majority of the premium, with the others contributing to pay the rest.
For best results, talk with a licensed insurance agent in your area about how to qualify for group insurance, and what is available for your group.
Get started with this resource:
Good luck!
As you probably know, health insurance is regulated at the state level, even for national insurance providers. I’ve helped insure a temple in my state and have access to information for a few other states.
Could you give us the state in which the temple is located? With that information, I might be able to be more helpful.
I’ve had success working with an broker who is comfortable working with non-profits. In my community, there aren’t many such brokers and I had to call around quite a bit before I found someone — and she turned out to be awesome.
Speak with a health insurance broker. A broker works with several insurers and can find the best plan, rates and coverage for the monks. To find a broker, log on to a website like and fill out a form requesting a free quote. Your information will be sent to a broker in your area who will contact you.
You can’t do this on your own or over the internet. You will need to visit a local independent agent that works with group insurance. This person knows the market in your area and can get quotes from many different companies, plus they do not charge you anything for the service.
I’ve found some good information here too…
Hope it all works out