Does health insurance cost more if purchased with a broker than without a broker?
No. By law, for a given person all health insurance premiums are the same price whether they are sold through a broker or directly from the insurance company.

Does The Morrill Insurance Group offer the best possible price on health insurance?
Yes. For a given health insurance plan, and a given individual or group, you won't find a better price anywhere else. We guarantee it.

What is the first thing I should know about buying health coverage?
Your aim should be to insure yourself and your family against the most serious and financially disastrous losses that can result from an illness or accident. If you are offered health benefits at work, carefully review the plans' literature to make sure the one you select fits your needs. If you purchase individual coverage, buy a policy that will cover major expenses and pay them to the highest maximum level. Save money on premiums, if necessary, by taking large deductibles and paying smaller costs out-of-pocket.

What is a high deductible health plan (HDHP)?
High deductible health plans are like conventional fee-for-service or managed care (PPO/HMO) insurance plans, but have high deductibles (over $1000 per year). The premiums for these plans are significantly lower than those for conventional low-deductible health plans.

What is a HSA-Qualified High Deductible Health Plan?
A HSA-Qualified High Deductible Health Plan will have a minimum deductible of $1,050 for self-only coverage and $2,200 for family coverage. It will also have annual out-of-pocket expenses (including deductibles and co-pays) that cannot exceed $5,250 for self-only coverage and $10,500 for family coverage. (Note: These figures are subject to change year to year.) An HSA-qualified HDHP may provide first-dollar (no deductible) coverage for preventive care. A HSA-Qualified High Deductible Health Plan may be the right plan for you if you want coverage in case of a serious illness or injury, plus the opportunity to take advantage of tax savings.

You can combine your High Deductible Health Plan with a Health Savings Account (HSA) to save money for health expenses. Contributions to an HSA are tax-free, grow tax-deferred, and earn interest.

What is an HSA?
A Health Savings Account (HSA) is a way to manage your money for future health expenditures. It's essentially a savings account that you can contribute pre-tax dollars to. The money grows tax free, too. You have to have a high-deductible insurance policy in order to open an HSA, and there are limits to how much you can contribute each year. You can withdraw money at any age without paying penalties or taxes if the money is used for health-related expenditures. HSAs are regulated by the federal government and are essentially regarded by the government as a retirement plan.

I've had a serious health condition that appears to be stabilized. Can I buy individual health coverage?
Depending on what your condition is and when it was diagnosed and treated, you may be able to buy health coverage. However, the insurer may do one of three things:

• provide full protection but with a higher premium, as might be the case with a chronic disease, such as hypertension;
• modify the benefits to increase the deductible;
• exclude the specific medical problem from coverage, if it is a clearly defined condition, as long as the insurer abides by state and federal laws on exclusions.