By Lynette Carrington
Insurance agent Teresa Ferrin has experienced the past 19 years of the health and life insurance industry in the trenches. She has seen the trends and experienced where the industry is now in an Obamacare society.
Much has changed in the world of health insurance and Teresa Ferrin has decades of experience to help her clients make good health insurance decisions and assist them in finding the right policy that fits their budget and lifestyle. “Group insurance has really changed with all the new rules, so I do a lot of individual coverage,” Ferrin explains. “I’ve been doing this for a long time and so many people are receiving letters that they have to switch to an HMO or change plans completely. It’s more expensive this year and they don’t want to change. I come in and design a benefit plan for them.” Focused on solutions, Ferrin helps her clients navigate the sometimes murky waters of health insurance coverage.
Ferrin continues, “If someone is single, healthy and self-employed, they are worried that the government is going to charge them fines for not having insurance. Self-employed people can get away with short term insurance and re-doing it every six months. They can also work with their tax advisor to talk about deductions that can help eliminate the fines.”
Short term insurance policies can be very affordable. “A lot of those policies will give you two $50 office visits so somebody would have those two visits to use for the remainder of the year,” Ferrin explains. “They can stay on that policy for 180 days. Next year, they could have four office visits for $50 if they continued with short term insurance. If you have a lot of children or you frequently get sick, that wouldn’t be the way to go.” She sells health insurance to many people who find themselves in between jobs and she has several options available to offer to those people.
Through her Kierland Life and Health Agency, Ferrin makes the process of obtaining affordable health insurance relatively painless. “First I find out what they have and if they’re leaving a group. If they are, they can automatically get insurance and don’t have to wait for open enrollment which starts in November.” If someone is leaving a job or has been let go of a job, that is considered a “qualifying event” and the person can immediately begin new insurance coverage. Or if someone is getting married, divorced, had a child or adopted a child, they can also start new health insurance coverage immediately.
Some of the quality life and health insurance companies that Ferrin represents through Kierland Life and Health include Ohio National, Banner Life, United Health Care, Humana, BlueCross BlueShield and many others. When a potential client contacts Ferrin, she will gather the basic information and give them some different plans with various benefits at different price points from which to choose.
Ferrin also sells life and disability insurance – an area of coverage that she feels about strongly. “I think my passion in life insurance is that I had a good friend who passed away,” states Ferrin. “I sold her a life insurance policy. She paid on it for three months and she unexpectedly passed away. I’m the person that delivers that check. I don’t want to deliver that check but I would rather do that than have someone tell me their loved one had no life insurance.”
“I’m trying to help people save money and I’m committed to helping others,” finishes Ferrin. Call today for a complimentary no-obligation quote. For additional information visit www.kierlandlife.com or call (480) 654-0201.