Finding The Right Health Insurance Policy For Your Situation
Start With a Free Custom Quote
Policy Options - Instant Quotes - Trusted Carriers - Compare & Save
Tennessee is considered one of the few states that have higher uninsured rates. The state has taken a more hands-off approach, utilizing a federally-facilitated exchange and has not yet expanded upon Medicaid. Tennessee health insurance premiums are showing to decrease in 2020 following two years of sharp increases.
At this time, there is no state law requiring employers to provide group healthcare insurance to employees, but many employers offer it. If offered, the state’s insurance laws require policies to include specific, mandated benefits while providing employees with group coverage or utilizing an individual policy under particular circumstances, if the employee leaves that group.
According to federal law, no state is allowed to regulate and manage self-insured benefit plans. Tennessee’s continued, mandated benefits and conversion provisions do not apply to plans where the employer pays all benefits. Many self-insured plans purchase stop-loss insurance to cover exceedingly large claims. This purchase does not equate to a loss of self-insured status or any type of exemptions.
Tennessee mandates additional benefits that must be provided by those authorized to sell healthcare insurance. These include coverage for:
- Clinical Trials
- Congenital Anomalies
- Hearing Aids
- Off-label Prescription Drugs
- Reconstructive Surgery
In 2010, the Patient Protection and Affordable Care Act became a law that required U.S. citizens and other legal residents to have qualifying healthcare coverage or pay a tax penalty for each month they go without having insurance. The penalty is charged per adult and per child with increases each year. This will not be the case for long. For those who work for an employer that does not provide coverage, it is critical to self-insure. With so many potential injuries and illnesses that can occur, it is important to be insured if one of these unfortunate incidences occurs.
For more information about Tennessee-specific health insurance, contact 1 Source Insurance Group today! 1 Source Insurance Group can provide you with all the material needed for you to make an informed decision about your health insurance.
Auto insurance is something that is not only recommended but it is also required by law. Having adequate insurance for your car is a must for any responsible driver. Auto insurance can be difficult to traverse on your own, but the right agent can make the process simpler!
Your home is your castle, and without the proper insurance, it could be expensive to repair it after a disaster or accident. For those that own their home outright, home insurance is not required by law, but it is still highly recommended.
For business owners in the great state of Tennessee, there are countless commercial business opportunities. When running a business, having the proper insurance coverage is essential to protect your credibility and financial status.
Life insurance is a way to provide for the people you love during a difficult time. And while the concept of life insurance can be difficult to think about, it's a policy that can make a difference to those you cherish. 1Source Insurance Group in Tennessee is here to help you discover a plan that works for both you and your family.
COMPARE INSURANCE QUOTES WITH MY 1SOURCE INSURANCE GROUP
2710 South Roan Street
Johnson City, TN 37601
- Auto Insurance
- Home Insurance
- Commercial Insurance
- Life Insurance
- Health Insurance
- Motorcycle Insurance
- Boat/Watercraft Insurance
Don't wait until tragedy strikes you! Let us help you get the coverage you need without wasting any more time. Contact the agents of 1Source Insurance Group to learn more about your options and how you can get a quote.