Pivot Health Fills Gaps in Coverage Caused by High Health Insurance Deductible

Health consumers can lower out-of-pocket and save on doctor costs by bundling supplemental insurance products and technology-enabled tools for simple online purchase.

MINNEAPOLIS--()--Pivot Health announces supplemental insurance packages that provide cash benefits to help consumers cope with the dramatic increase in high deductible health insurance plans. Coverage can be purchased online in five minutes or less, and provide immediate protection from unexpected accidents or a sudden critical illness diagnosis, while reducing costs for doctor consultations.

“To put it into perspective, this package is ‘insurance for your insurance”

While more than 16 million previously uninsured individuals and families have gained access to health insurance through the Affordable Care Act, the plans people are buying are coming with unreasonably high deductibles. Enrollment for Obamacare plans closed Jan. 31, and consumers are now looking for ways to reduce their vulnerability to high deductibles.

“The average American has to pay thousands of dollars out-of-pocket each year to cover medical bills their health insurance doesn’t cover due to high deductibles,” said Patty Strickland, COO of Pivot Health. “Some insurance deductibles exceed $5,000 for an individual and $10,000 for a family, yet studies show only 51 percent of Americans have $5,000 in emergency savings.”

Strickland said the 2015 annual deductible for individuals purchasing unsubsidized plans from the federal marketplace was more than $4,300, and the average family deductible was more than $8,300.

“These numbers demonstrate an urgent need to provide individuals and families a safety net to avoid medical bankruptcy. Deductibles are not getting smaller, but instead growing faster than the cost of health care,” said Strickland.

Unlike other stand-alone accident or illness insurance plans, the bundled package offered on Pivot Health includes cash for medical expenses from qualifying accidents, a daily hospital benefit, accident disability income and critical illness insurance. They are all part of a membership package, which also includes non-insurance benefits: 75 percent savings off doctor consultations and a discount prescription drug card good at over 66,000 pharmacies nationwide.

Pivot Health is an affiliate of Communicating for America (CA), a national membership organization serving self-employed Americans since 1972. Prices for the membership package range from less than $30 a month to just under $100 a month, depending on the benefits chosen.

“To put it into perspective, this package is ‘insurance for your insurance,” said Strickland. “Every day, we hear from members who are blindsided by large medical bills they never anticipated, and are thankful they can get cash to pay their doctors or the hospital. Others use the money to cover the mortgage while they are recuperating. The freedom to use their supplemental benefits for whatever is needed makes this product very valuable to the purchaser.”

In addition to supplemental insurance products, Pivot Health offers access to short term health insurance plans for individuals who are uninsured or needing temporary insurance coverage while waiting for major medical coverage to begin.

Learn more about supplemental insurance protection at Pivot Health or call 866-566-2707.

Contacts

For Pivot Health
Colleen McGuire, 651-338-8822
colleen@colleenmcguire.com

Release Summary

Pivot Health fills a gap in coverage caused by high health insurance deductibles. Health consumers can lower out-of-pocket expenses and save on doctor costs by bundling for simple online purchasing.

Pivot Health