CALL US: 630-279-1739
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If you purchase the policy through our experts, we can be available to
answer your questions about benefits, billing issues, and claims. We
want you to get the most out of the insurance you purchase, and we
understand that even insurance companies make mistakes. You don't have
time to deal with calling the insurance company, waiting on-hold, and
being transferred from department to department. Let us do the work for
you! We will be your advocate with the insurance companies.
We specialize in benefits for: Individuals and Employers with fewer than
50 employees. We also work with individuals, whether self-employed,
working only part time, unemployed, or working for employers who do not
We have found that Obamacare has had a significant impact on Small
Employers. Many are questioning whether they can afford to continue
offering benefits to their employees. We’ll give you options, show you
all that is available in the marketplace, and make sure you are
compliant with the law. We are licensed with all insurance companies
that sell Health Insurance (both individual and group) in the state of
Illinois, and it is our POLICY to see that you get the best POLICY that
meets your needs and budget!
We are now in a new age of healthcare and a new set of conditions.
While Obamacare has put into place some very important and needed
benefits; it has also caused some unintended consequences. The Medical
Loss Ratio (MLR) that went into effect in 2011, requires insurance
companies to pay out 80-85% of every dollar they collect. While this
sounds good on one hand, it has forced these carriers to reduce their
expenses up to 30% in some cases.
As a result of insurance companies cutting expenses and staff; we have
seen an increase in errors and mistakes, increased wait times when
calling, and an overall increase in the time it takes to resolve any
errors or issues - in some cases weeks and months! This is SO
frustrating for an individual or small business owner that is trying to
deal direct with an insurance carrier to get their problems resolved -
problems that may have been created due to an error by the insurance
carrier. We can help!
CB Health Insurance has always been paid by the health insurance companies we
represent, that is until recently. We know that public consensus has
always been that insurance agents don’t get paid by the client because
the insurers are paying them to sell their products.
However, while agent commissions were traditionally built into the
premiums for health insurance, the Obamacare changed how agent
commissions are expensed. With the implementation of the MLR, agent
commissions are part of the insurer’s overall expense. While insurers
traditionally saw agents as their distribution and 'sales force' and
willingly paid agents and brokers a commission, this is rapidly
changing. Insurers have been cutting commissions to agents since 2010.
Most IL insurers announced they will not be paying agents any
commissions for individual policies sold outside of open enrollment.
Many group health carriers have reduced their commissions by 40% but
have not increased the customer support. We can’t work for free so our
office had to reevaluate how we can help individuals.
We offer consultations with experts to quote, compare, and help
individuals and families enroll in a health plan from any of the top
carriers, both on and off the exchange. We have implemented a fee to
compensate for the work done. We feel this is fair and affordable.
Interestingly so, the insurers did not reduce your premiums while
cutting the commissions at all. While individuals can go direct to an
insurance company, get a quote, talk to a rep, pick a plan and enroll,
we feel that this is a difficult and timely process, especially trying
to reach multiple carriers, check providers' lists, and compare plans
from one company to the next. We understand some people will not pay a
fee; similar to people who decide to sell their own home or go online
to create a will. If you want to do this direct with the insurers,
we’ve started the process for you with our Self-Service page. You’ll
find links for the insurers including ancillary plans to round out your
benefit needs. However, for those who would like the expert advice of
over 25 years in the health insurance business, we are confident that
you will find the fee is worth it for the time saved and peace of mind
that you have the coverage you need!
Any fees will be discussed by our experts at the onset of your
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