Employers - It's Time For a 2nd Opinion On Your Health Plan Design & Cost - You Can Save!

 

As An Employer, You Don't Have To Accept The Best Health Plan & Pricing That Your Broker Has To Offer! 

You Can Save 25% or More!

Get a 2nd Opinion - It's Never To Late - You Can Change Anytime with No Penalties & Start Saving! 

Our Vesta Team - 3 Companies Working Together - is Changing the Way Small and Large Employers Buy Health Plans and Control Costs!

Why? -- To Save Employers an Average of 25%, Year-after-Year, Compared to the Traditional Insurance Carrier Marketplace!

The Basics! -- Our experienced Third-Party Administrator negotiates Direct Contract-Based Pricing with Hospitals, Medical Centers, other Health Care Providers and Suppliers Controlling the Supply Side!

 We focus Employee Choice combined with Education, Communications, a Selection of Enrollment Methodologies, and Data Management for the Overall Benefit Plan!

This Strategy eliminates the need for a Traditional Insurance Carrier - and others - as middlemen. Our Plan includes: Customization, Flexibility, Transparency, Enhanced Benefits, and Choice with NO TAKEAWAYS.

Let's Speak - Contact me with a Day & Time - I'll Reply to Confirm!

Like More Info – Contact Phil &/or Send Your Contact Info:

Text/Mobile: 216.577.5579 . Email: vestalimited@gmail.com .  

Web: www.vestabp.com

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CFOs Can Sustainably Reduce Health Plan Costs With A Proven, Flexible Strategy!

It's Time for CFOs to Rethink Their Organization's - and Broker's - Strategies and Plans for Sustainably                     Reducing the Cost of  Health Plans                  and Employee Benefits!

How – CFOs should start with Controlling the Supply Side Costs! 

It's possible! Hospitals, Medical Centers, Health Care Providers and Supplies have long been billing and raising prices at will! A lack of transparency makes things worse. 

Insurance Companies do little to contain costs!! They pass them along to Employers and Employees!

A Previous Attempt To Control Costs That Didn't Work!

> Reference Based Pricing (RBP) was a good start but was flawed. The problem was Balance billing that occurs when providers bill a patient for the difference between the amount they charge and the amount that the patient’s insurance pays. The amount that insurers pay providers is almost always less than the providers “retail price.” Some providers will bill the patient for the difference, or balance; this is called Balance Billing.

A Plan To Control Costs That Works!

> Contract Based Pricing (CBP) has solved the problem of Balance Billing. CBP in conjunction with expanded services will save your organization over 25% on Health Plan Costs with: 1) Enhanced Benefits, 2) Reduced Administrative Time/Costs and 3) No Employee Benefit “Take Aways”! 

How does a Contract Based Pricing Plan (CBP) Work?

CBP Plans are based on a formal pricing agreement between Healthcare Providers/Suppliers and an Organization (generally a specific large Employer or a TPA on behalf of their Client Employers) that specifically establishes significant discounts for services rendered. 

Why have your Brokers failed to present the CBP Plan to you?

There are three simple reasons: 1) They have not heard about and researched the CBP Plan alternative to traditional plans 2) They don't understand the concept or confuse it with the above mentioned Reference Based Pricing (RFP) Plans or 3) They are concerned about their reduced commissions/fees! 

Note - Employers can implement a CBP Plan - and begin saving - at any time during a year! 

If you have already accepted the Best Your Broker Had to Offer - or are in the middle of a Plan Year - No Problem! You can start saving now with No Penalties to your Organization or your Employees!

Check Out the Flier below for more Info - It's Time for a 2nd Opinion!!

Let's schedule a time to discuss the above and your options -- 

Phil Eide -- Message/Text - 216.577.5579 / Email - vestalimited@gmail.com

 

Save 25% - or more - On the Cost of Your  Health Plan! 

Sustainable Savings on your Renewal Quote while Enhancing the Plan for the Employees with Reduced Administration, Transparency & 

NO Take Aways!

The  Vesta Team is Changing the Way Small and Large Employers Buy Health Plans.   Why?
     To  Save Employers an Average of 25%, Year-after-Year,
Compared  to the Traditional Insurance Carrier Marketplace!
     The  Basics - Our experienced Third-Party Administrator negotiates  Direct  Contract-Based Pricing with Hospitals and Health Care Providers.
     The Results - This eliminates the need for a traditional insurance carrier as middleman.
The Features - Our Plan Includes: Savings, Customization, Flexibility, Transparency, Enhanced Benefits, and Choice with
NO TAKEAWAYS! 
     Like More Info – Contact Phil &/or Send Your Contact Info:
Text/Mobile:
216.577.5579 . Email: vestalimited@gmail.com .
Web: www.vestabp.com

About The Hidden Risks of Home Ownership!

          What Home Owners Need To        Understand About Hidden Risks!

One Of The Greatest Risks That Home Owners Face Is the Unexpected Loss Of A Breadwinner's Income!

Thanks For Reader's Fee Back - 

Having posted my previous blog titled "Real Estate - An Important Asset Worth Protecting" I was pleased to receive responses and surprised at some information they provided and the pain they shared! Several responses requested that I inform others about the risks and help provide them with solutions!

The common thread in their responses was how many individuals - and their families - had experienced the loss or near loss of their home and equity due to extended disability and or the death of a breadwinner! These events triggered #foreclosures due to an inability to pay the mortgage and related home expenses based on the loss of income. 

Many of these folks paid for mortgage insurance but these policies only paid the bank - not the individual. They did not know that their were newer plans - now referred to as Mortgage Protection Insurance(MPI) - that would have paid them and their families. 

Equally, they did not know that there are affordable, simplified issue disability plans to replace lost income in the event of sickness or injury!

These responses to my blog triggered my realizing how little I - and probably most other people - know about the #Process OfForeclosure and the common causes! I did some basic research - Here's what I uncovered.

What is Home Loan Foreclosure? According to Fannie Mae, "A foreclosure is the legal process where your mortgage company obtains ownership of your home (i.e., repossess the property). A foreclosure occurs when the homeowner has failed to make payments and has defaulted or violated the terms of their mortgage loan."

What are the Common Causes of Foreclosure? According to Citywide Home Loans, There are several 

scenarios that can lead to foreclosure. Citywide refers to these as the Five D’s: 1) Death 2) Divorce 3) Drugs 4) Disease and 5) Denial.  

My question was - Which of the above Five D's is can be immediately addressed to provide a safety net? 
I was quickly able to isolate two of the D's for which there are realistic, proven, reliable, and affordable solutions. Take a look:

Suggested Solutions For: 

1) Death - Citywide points out that - "A death in the family is a leading cause of foreclosure, particularly when it happens to be the head and primary breadwinner of the household who passes."

Solution - While the passing of a family member is a tragic and painful reality, there is a solution that homeowners /breadwinners can utilize while still living to limit the potential financial impact o their families. 

Planning ahead can replace the loss of income and help pay their family's mortgage payments and related household expenses. 

The home owners/breadwinners can purchase Mortgage

Protection Insurance(MPI) - a refined and more encompassing coverage that requires no blood test or physical and is considered simplified issue! 

Note - While many people have life insurance, this coverage was purchased and earmarked to provide the beneficiaries funding for specific uses. These include: paying taxes, children's education, ongoing expenses, and leaving a legacy. 

In most cases the cost of paying the ongoing mortgage and related expenses was not part of the formula.

For more information about #MortgageProtection read my previous Blog or Text/Call Maxine - 216.377.9310.   

2) Disease [and Disability] - Citywide further points out that - "Disease: Unexpected medical bills are the leading cause of bankruptcy in the U.S., so it makes sense that they would lead to foreclosure as well. Chronic illness, catastrophic emergency, and inadequate health insurance can all create financial stress that ultimately means missing mortgage payments."

Solution - While the occurrence of Disease [Catastrophic Disability Events] are Unexpected,  you can protect yourself - and your family - from the potential devastating results. You need to take action before it is to late! 

Homeowners/Breadwinners can purchase Mortgage Protection Insurance with Accelerated - Living - Benefits. 

This is a new, refined and more encompassing coverage that requires no blood test or physical and is considered simplified issue! 

Quite simply - #AcceleratedBenefits allow you access a portion of your coverage’s death benefit while you’re still living.

Typically, you must be diagnosed with a chronic or terminal illness or a longer term health event to claim this benefit. You and your family can then use the funds to cover mortgage and related expenses while you recover!

For more information about Mortgage and Equity Protection read my previous Blog or Text/Call Maxine - 216.377.9310.

Important Note - While some people have disability coverage through their employer, there is generally a long elimination/waiting period and filing a claim can be difficult. 

There are now simplified issue disability plans with short waiting/elimination periods where you can select the monthly amount and the duration - how many months the policy will pay! These policies provide Peace-of-Mind! 

3) Denial [and Procrastination] - Citywide describes denial as - "...denial. A variety of factors can come together to put a person in financial stress, and denial can keep that person from recognizing that their current lifestyle is not compatible with keeping up with mortgage payments."

Solution - 

Take action now to protect your and your family's lifestyle! Don't let Denial and Procrastination put you at risk!

I'm was as guilty as most people. I firmly believed that 

those terrible events only happened to others or later in life!

I was wrong! 

My Experience - In my twenties I was the victim of a hit-and-run car accident that: broke my legs, caused pulmonary embolisms, put me in a coma, and left me flat broke. Everyone in my family suffered - I was lucky that they all could kick in to help! It took years to repay them!!

In my sixties I was diagnosed with prostate cancer! The treatments required months an my total focus. My income came to an end for over six months! 

Fortunately, I am now cancer free. I wish I had been told about and had purchased Disability and/or Mortgage Protection Insurance with Accelerated Benefits! 

Now Is The Time To Gain Peace-of-Mind For You And You Family!   

I hope I have provided you enough information for you to: 

1) Want to learn more 

2) Better Understand the Coverage 

3) See If You Qualify 

4) Discuss Your Flexible Choices To Meet Your and Your Family's Needs and 

5) Find Out the Affordable Cost To Meet Your Budget! 

 

Here's What You Can Do - 

Talk to a specialist - Get free advice and find out more so you can Make an Informed and Empowered Decision. 

Where to go for the information -- Maxine Collin - with over 30 years as a disability plan advisor - will explain the Pros & Cons:

Maxine will briefly explain -- How these plans protect what is many people's largest investment and debt - Their Home!. While the mortgage makes it possible for most people to buy a home, it also creates the one of the greatest financial risks.

When the new Mortgage Protection Plans became available, she recognized the need and the peace-of-mind provided! Combined with disability coverage a security blanket was created!

You can schedule an appointment with Maxine for more information - With No Sales Pitch! 

What About The Cost - Maxine told me that while the cost of the coverage varies based on age, the amount of protection you need etc., the plans flexibility makes it affordable for most people. 

Once she understands your situation, she'll provide you with  no obligation quotes. 

Maxine's Contact Information -

     Text/Call - 216.377.9310

     Email - max@vestabp.com

Have a Healthy and Prosperous Year! 

       

  

Who Does Your Mortgage Insurance Protect? In Most Cases It Won't Be You!

 We'll Be Discussing Residential & Commercial Real Estate as an Important Asset for Individuals and Families 

In the process we'll also be identifying and reviewing viable opportunities, plans and services to help you meet your goals.  

Whatever the choices you make, your holdings should be reviewed regularly to assure they still viable and meeting your current and future needs.                                             

Let's take a look at one of the Real Estate Related Risks inherent to Buying and Holding Residential and Commercial Properties. 

What You Should Know?                                     

1) Most Private Mortgage Insurance(PMI) Policies Protect the Lender 

2) The Lender Selects & Negotiates with the Broker/Insurer 

3) Who Pays for PMI Coverage?          

4) What Happens If you cannot Make Mortgage Payments - For Whatever Reason?  

5) What Can You Do To Protect Yourself and Your Property(s)? 

            (Note - See Below For More Details & Suggestions) 

See Below for Expanded Details -- Watch This Short Video! 

1) Most Mortgage Insurance Policies Protect The Lender  - According to the Consumer Financial Protection Bureau, "Mortgage insurance protects the lender, not you... Mortgage insurance, no matter what kind, protects the lender – not you – in the event that you fall behind on your payments. If you fall behind, your credit score may suffer and you can lose your home through foreclosure."

2) The Lender Selects & Negotiates with the Broker/Insurer - ICI Florida Lifestyles & Ameris Bank tells us - "Unfortunately, as the borrower, you cannot shop around for your mortgage insurance. Only the lender can. However, you can request a specific PMI provider if you qualify for their product and they are offered by your lender."

3) Who Pays for  PMI Coverage? - You Pay - LendingTree explains, "Though most people pay PMI as part of their monthly payment, paying it upfront may be a better option if you have the extra cash and want the lowest possible housing expense."

4) What Happens If I cannot Make My Mortgage Payments - For Whatever Reason? If You Can't Pay Your Mortgage, You're Out - The  Property goes into foreclosure and the Lender collects on PMI. ! I've witnessed this happen bout MPI - to clients - Could it happen to you?

5) What Can You Do To Protect Yourself and Your Property(s)? 

Mortgage Protection Insurance (MPI) will Protect You, Your Family and Help Secure Your Property! Here's a Video!!

About MPI - According to Rocket Mortgage, "MPI is a type of insurance policy that helps your family make your monthly mortgage payments if you – the policyholder and mortgage borrower – die before your mortgage is fully paid off. Some MPI policies will also offer coverage for a limited time if you lose your job or become disabled after an accident. Some companies call it mortgage life insurance because most policies only pay out when the policyholder dies."

Note - IMPORTANT - Mortgage Protection Insurance (MPI) protects you - not the Lender!. The two terms "Private Mortgage Insurance (PMI)" and "Mortgage Protection Insurance(MPI)" are often used interchangeably, but They are not the same thing.

According to Equis, "Both Private Mortgage Insurance (PMI) and Mortgage Protection are insurance, but they do different things. PMI is a requirement for certain loans because it protects the lender if your home is lost to foreclosure.

Essentially, with PMI you’re buying insurance for your lender...!

How Does MPI Work? Equis continues, "A mortgage protection policy is usually a “guaranteed issue” policy, meaning that many of the roadblocks to purchasing a life insurance policy, such as health considerations and exams, wouldn’t be there.

If you lose your job or become disabled, your policy will pay your mortgage for a limited amount of time, giving you the opportunity to find work or to make a backup plan. Again, your house is saved, your family still has a roof over their heads, and you’re a hero for thinking ahead. Accidents happen and people lose their jobs every day. Mortgage protection is there to catch you if you fall." 

"One More Thing… 

A Mortgage Protection Policy(PMI) is a term policy, so you don’t need to keep paying premiums after your house is paid off."  

Misconception 1 - PMI is only for protecting Home (Personal Residential) Ownership! In Reality - PMI can we an excellent commercial and strategy for protecting individuals & their family's ownership of commercial and industrial property(s). 

Having been an investment property broker, I have been a party to numerous situations where the property owner's - or his family's - ability to pay an existing mortgage was interrupted by disability or death. 

Misconception 2 - Mortgage Protection Insurance (As described above) is different than Life Insurance!

In Reality - Mortgage protection can cover more situations than a life policy and should be purchased with a goal of protecting your and family members possession of real estate. Here are some differences:

     > Life insurance won’t help if you lose your job and it won’t help if you become disabled. 

     > Mortgage protection bundles all these protections into one policy – so you don’t need multiple policies to cover all the problems that could make it difficult to pay your mortgage each month. 

     > A life insurance policy would be a different part of your overall financial plan and often has its own separate goals.

Suggestion 1 - To keep the MPI affordable and to potentially better address you needs, you do not need to cover the total amount of the mortgage debt with the policy. You, and your family, should consider how long family members would desire to continue living in the home/condo - or hold the commercial/investment. A policy could then be selected to assure the capacity to retain the property should a death or disability occur!

Suggestion 2 - Earmark the Reason You Purchased Various Types of Insurance! While recently discussing risk management with a friend, he mentioned to me that he specifically marked the covers on policies and files to reflect why he purchased the policy and the intended utilization of the funds. Policies and their utilization included: Final Expense/Burial Insurance; Life Insurance for estate purposes (to pay down commercial loans); Annuities for Income; Home Owners Insurance; Liability Insurance; etc.

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Want More Information On Protecting These Your Real Estate Assets? Fill out the form to the right - or text us at 216.577.5579. Please provide your contact information including your mobile number and the state where you are located! We'll get back to you to discuss you specifics -- No Cost & No Obligation! To Schedule an Appointment - email - max@vestabp.com -- Indicate the best days and times to meet virtually!

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Conclusion - Whether you are a long time home owner, recent home buyer, or own commercial/investment property, a mortgage protection is a simplified, quick issue insurance that is used to protect your greatest assets. Mortgage protection plans are designed to provide a death benefit to pay off all, or a portion of, your mortgage. Optional riders are available in most states, such as disability income and return of premium, which refunds all, or part of, the premium paid if the policy is unused. This product, offered by many carriers, can be customized to fit you needs and budget.

Still Uncertain? Watch This Video!

ExclusivePurchases -- Cell -216.577.5579 -- email - phil@vestabp.com