Founded in 2005 by Guy Furay, The Insurance Source is so dedicated to streamlining the health insurance buying process that it trademarked the tagline “we make health insurance easier” and built a website that makes shopping for insurance as simple as booking a flight.
“Between government bureaucracy and massive insurance companies, said Furay, “most Americans have a hard time understanding their options.” Shopping for health insurance can feel like navigating a dark path in the forest, He explained. People often feel confused – even lost. The goal at The Insurance Source is to shine a bright light that allows clients to see where each path leads. Once they understand the path that is right for them, they can confidently take the next steps.
Since the signing of the Affordable Care Act, those that are self-employed, work for companies that don’t offer benefits or are otherwise ineligible for private insurance coverage can shop for health insurance through the government’s dedicated health care website, healthcare.gov. Unfortunately, Furay worries that the website was not designed with the user’s experience in mind. He finds that most of the clients who attempt to use the government’s site end up with more questions than answers.
Because healthcare plans can be complex and must be the right fit for the plan holder, The Insurance Source’s website uses a systematic approach that interfaces with federal programs, considers doctor and hospital preferences and prioritizes clients’ goals and values.
One of the most difficult health insurance processes to navigate is Medicare coverage for those over 65. Furay sees it all the time: A client comes in asking about a plan that a friend has been boasting about. On the surface, the plan appears to tick all the boxes. Upon closer inspection, however, the experts at The Insurance Source can determine if what works for one senior will work for another.
As a result of extensive marketing done by insurance companies during the annual enrollment period, seniors often become interested in plans that could end up costing them thousands in out-of-pocket and prescription drug costs. Additionally, because some Medicare decisions cannot be undone and impact enrollees’ ability to obtain different coverage down the line, Furay is adamant that those who are new to Medicare speak with one of his representatives.
The long-ranging impact of Medicare decisions can result in unforeseen circumstances. Choosing one type of Medicare product known as a Medicare Advantage plan may have a significant disadvantage. If someone develops health problems and wants to buy the most robust supplement available to minimize costs, they may be unable to do so. They may not qualify for that Cadillac coverage when they need it most because of a previous decision, Furay explained.
“Nobody plans on getting sick,” he said, “but we help our clients prepare for the what-ifs of cancer, stroke, heart attacks and other unforeseen illnesses by leading them to the best plan for themselves and their families. One size doesn’t fit all. We’re here to help each person choose the plan that fits them.”
To learn more about The Insurance Source, visit Insure-U.com or call 864-467-8731.
By Isabel Alvarez Arata