OPENING
BELL, EVERYONE OPEN ENROLLMENT
FOR PRIVATE HEALTH INSURANCE
STARTS ON NOVEMBER, FIRST AND
PREDICTABLE DOT COMS A SERVICE
THAT HELPS PEOPLE COMPARE
DIFFERENT INSURANCE PLANS.
SO THAT THEY CAN THINK THE BEST
OPTION
FOR THEMSELVES FOR MORE ON THIS
I'M JOINED BY SARAH MICHAEL
CHECK FOUNDER AND CEO AT
PREDICTED BILL DOT COM. IT'S
GREAT TO HAVE YOU WITH ME
TODAY, SARAH THE PANDEMIC
OBVIOUSLY AS CHANGE LIFE AS WE
KNOW IT OF COURSE IT'S
IMPACTING HEALTHCARE IS
WELL WHAT ARE YOU ANTICIPATING
COME NOVEMBER, 1ST WHEN PEOPLE
START TO SHOP AROUND THEIR
INSURANCE.
>> WE'RE ANTICIPATING
THAT PEOPLE SHOULD REALLY LIKE
EVERY YEAR THEY SHOULD BE
STARTING AS EARLY AS THEY CAN.
IF YOU WORK YOUR INSURANCE
THROUGH A CAR COMPANY YOU ONLY
HAVE 15 DAYS TO DECIDE MAYBE
YOU A LITTLE BIT LONGER AND
NORMALLY WE ALWAYS TELL PEOPLE
TO START THINKING ABOUT YOU
KNOW WHAT ARE THE WHAT WHAT
WHAT DO YOU KNOW YOU'RE GOING
TO DO NEXT YEAR
AND WALKING HAPPENED WORST-CASE
SCENARIO AND IT JUST SO HAPPENS
THIS YEAR WITH THE NIGHT TEEN
THE WORST-CASE SCENARIO.
A LOT MORE.
SO WE ANTICIPATE IT WILL BE
PAYING OFF MORE TENSION ALREADY
SEEING A HUGE UPTICK IN PEOPLE
TRYING TO FIGURE THINGS OUT AND
YOU KNOW WE DEFINITELY SAY
START EARLY AND GOT A
PREDICTABLE.
>> SARAH JUST TO CLARIFY IS IS
FOR COMPANIES AND FOR
INDIVIDUALS.
>> THIS IS FOR BOTH I TYPICALLY
IF YOU'RE LOOKING IN THE
MARKETPLACE, THEY'LL START TO
GET THE INFORMATION EARLY NEEDY
IN MID OCTOBER IS WHEN THE NEW
PRICING WILL SO
YOU KNOW OBVIOUSLY YOU CAN BE
AN INDIVIDUAL AT A COMPANY, BUT
YOU MIGHT HAVE THE CHOICE
BETWEEN LOOKING AT A
MARKETPLACE PLAN AND ALSO
LOOKING AT A PLAN TO YOUR
EMPLOYER AND YOU KNOW WHAT WE
REALLY HELP WITH IS LOOKING AT
AN APPLES TO APPLES COMPARISON
BECAUSE PEOPLE SOMETIMES
FORGET, YOU CAN ALSO LOOK AT
THEIR SPOUSES AND IF THEY'RE
UNDER 26 TAKING A LOOK AT
THEIR PARENTS. PEOPLE MIGHT NOT
CONSIDER ALL THE OPTIONS THAT
REALLY THERE'S A CONFLUENCE OF
80% OF PEOPLE ARE DOING THIS IN
NOVEMBER. IN OCTOBER A LITTLE
BIT IN THIS.
>> YOU KNOW ONE OF THE SADDEST
STORIES DURING THE PANDEMIC
SARAH IS PEOPLE WHO GOT THE
CORONAVIRUS OR
WHO HAD EXISTING LOST THEIR JOB
AND THEY WERE BASICALLY OUT OF
HEALTH INSURANCE AND HAD TO
FIND THEMSELVES IN CERTAIN
CASES, HOW DOES THAT CHANGE THE
GAME THIS TIME AROUND.
>> I'M SURE ANY YOU KNOW I
THINK WHAT PEOPLE.
>> WE FOUND IS A LOT OF PEOPLE
DON'T REALIZE THAT THE
MARKETPLACE REALLY IS INTENDED
TO STILL
BE IMPACTED OPTION FOR PEOPLE
WHO ARE IN A SITUATION WHERE
THEY NO LONGER HAVE EMPLOYER
SPONSORED HEALTH CARE.
THERE IS OF COURSE THE COVERT
OPTIONS YOU WILL HAVE TO HAVE
THE OPTION TO GO THROUGH
CO-WORKER 60 DAYS FOLLOWING
LOSING YOUR JOB. WE'VE ALSO
SEEN A LOT OF EMPLOYERS BE
GENEROUS WITH MY APP PACKAGES
AND CONTINUE TO PAY FOR THE
EMPLOYER SPONSORED HEALTH
INSURANCE FOR A NUMBER
OF MONTHS AFTER TERMINATION
EVEN THOUGH IT'S MORE GENEROUS
AND COVER WOULD BE SO WE WOULD
SAY REALLY LOOK AT ALL YOUR
OPTIONS LOOK AT THAT
CONE BRAS ACTION IT'S POSSIBLE
THE COVERT ACTION IS BETTER
THAN THE MARKETPLACE OPTION AND
ON AND YOU KNOW,
AND AGAIN.
>> THEY TAKE ADVANTAGE OF
SPOUSES SOMETIMES YOU CAN GO ON
THE PLAN OF THE PERSON THAT
YOU'RE DATING. YOU REALLY HAVE
TO LOOK AT THE RULES BECAUSE
ESPECIALLY WHEN YOU'RE LOOKING
AT COMPANY PLANS EVERYONE DOES
THINGS A LITTLE
BIT DIFFERENT. SOMETIMES THERE
IS A HARD LINE YOU HAVE TO BE
MARRIED BUT NOT ALL.
>> IT'S SO LET'S TALK ABOUT THE
DIFFERENT HEALTH CARE PLANS
THAT WE SEE FROM BOTH SIDES OF
THE AISLE, OBVIOUSLY PRESIDENT
TRUMP TRYING TO UNDO OBAMACARE
IS LONG AS WELL AS EVERYTHING
ELSE THAT A PRESIDENT OBAMA
TRIED TO PUT IN PLACE THERE JOE
BIDEN WOULD WANT TO RESTORE THE
AFFORDED
CARE ACT. HOW HAS THAT PLAYED
OUT IN THE INSURANCE MARKET AND
THE COVERAGE THAT PEOPLE ARE
CURRENTLY GETTING AN A
YOU EXPECT THEY MIGHT SEE COME
NOVEMBER, 1ST JUST A FEW DAYS
BEFORE THE ELECTION.
>> SURE SO I MEAN IT'S
INTERESTING BECAUSE NOT
A LOT ACTUALLY CHANGE FROM THE
PERSPECTIVE OF SOMEONE THAT
JUST WANTS TO BUY ON
THE EXCHANGE. IT IS TRUE THAT
WE NO LONGER HAPPY INDIVIDUAL
PENALTIES, YOU DON'T HAVE ANY
BUT EVERYBODY RUSHING INTO A
WAY BACK.
AND THEN YOU DO ALSO HAVE THOSE
OTHER SHORT-TERM POLICIES
LIMITED POLICIES. BUT WHAT'S
INTERESTING WITH THE MARKET
RACE THIS YEAR IS THAT IT IS
PART OF THE LAW IF THEY ARE
REQUIRED TO REFUND PART OF
YOUR PREMIUM. SO WHAT YOU'RE
SEEING SOME PEOPLE ARE ALREADY
GETTING PREMIUM CHECKS. BACK OF
EVERY MONTH. SO IT IS POSSIBLE
PEOPLE MAY SEE LOWER PRICES FOR
THE MARKET, MY PLANS THEY MIGHT
SEE LOWER PRICES FOR THOSE
SHORT-TERM MEDICAL PLANS BUT
AGAIN IT'S REALLY JUST
IMPORTANT TO READ THE FINE
PRINT ALL OF THESE THINGS ARE
INSURANCE PRODUCTS, YOU KNOW
DOESN'T NEED TO BE A POLITICAL
YOU LOOK AT WHAT YOU'RE BEING
COVERED FOR THINK ABOUT WHAT
YOUR NEEDS. IN COURSE WE CAN
HELP YOU WITH THAT.
>> SARAH JUST QUICKLY HOW DO
YOU CONSUMER SHOP AROUND
DIFFERENT
DOCTORS HOSPITALS HAD TO TAKE
ADVANTAGE OF THAT ON YOUR ON
YOUR WEBSITE.
>> WE WORK WITH THE
CONSUMER BECAUSE WE SEE A
THERE'S REALLY 2 DIFFERENT
KINDS OF PEOPLE PEOPLE WHO SAY
I'M BUYING MY INSURANCE I WANT
TO GET THE DOCTORS AND INCLUDED
WITH IT AND THEN THERE'S ALSO
PEOPLE PARTICULARLY IN BIG
CITIES AND SAY I LOVE MY
DOCTORS AND I WILL
NEVER SWITCH AND SO WE CAN
REALLY A COMEDY ABOUT LOVE AND
IT'S JUST A QUESTION OF IF YOU
WANT TO YOU KNOW PAY EXTRA FOR.
YOU KNOW SOMETHING WE CERTAINLY
ENCOURAGE RIGHT NOW IS WHEN YOU
ARE BUYING HEALTH INSURANCE,
ESPECIALLY IF YOU
MAY BE IN AN INJURED IN THE
PAST OR IF YOU'RE SPENDING MORE
THIS YEAR MAKE SURE YOU THEN
HAVE THAT
EMERGENCY PLAN WE'RE ESPECIALLY
WITH COVID THINK ABOUT WHAT
YOUR PLAN IS IF YOU GET YOUR
WHERE YOU NEED TO BE TESTED
WHERE YOU WOULD GO TO THE