CB Health Insurance
“Our vision is to meet your coverage needs for business and family!"
Understanding thoroughly what you’re looking for and what you need for your business and your employees.
Providing clarity as you sort through your Medicare options.
Enjoy a Carefree Retirement: We emphasize planning for future events that can have a devastating impact on your retirement, such as a long term care claim.
We believe YOUR values matter and ask our clients, "What do you want to happen when you die?"
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: Self-Employed 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 offer benefits.
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!
"An investment in knowledge pays the best interest."
- Benjamin Franklin
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 ACA law 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 began cutting commissions to agents in 2010. For a period of time, some 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. So our office had to reevaluate how we can help individuals and give them guidance while also getting compensated. Where appropriate, we have implemented fees for some, but not all services. We hope you agree that the advice and guidance provided is well worth the fees!
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 30 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 consultation call.
We'll work with you to explore the choices you may have already heard about and determine which ones fit your individual strategy.