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Frequently Asked Questions

How much is health insurance?

Health insurance cost depends on your family household info. Skynet Brokers can guarantee you the lowest prices that you qualify for. 4 out of 5 people qualify with an average cost of $25 per month or less. 3 out of 5 people qualify for a plan with a $0 monthly payment.

Health insurance is more needed today than ever before. The average cost to treat a broken leg can run $7,500 and an average three-day hospital stay can cost $30,000. Without insurance, many Americans would be one health setback away from financial ruin.

What if I'm unemployed or can't afford healthcare?

Depending on your income, you may be eligible for lower-cost, subsidized coverage purchased through the Marketplace. You may also qualify for free or low-cost coverage through Medicaid or the Children's Health Insurance Program (CHIP).

If you’re unemployed you may be able to get an affordable health insurance plan through the Marketplace. Your household size and income, not your employment status, determine what health coverage you’re eligible for and how much help you’ll get paying for coverage. You may even qualify for coverage with no monthly premium payments.

What are the Marketplace and the healthcare exchange?

The Affordable Care Act requires each state and the District of Columbia to establish an easy-to-use online health insurance marketplace where individuals and small businesses can compare health plans and find coverage that fits their budget. The exchange also will tell you if you're eligible for a federal tax subsidy to help pay your premium or if you qualify for a government safety net program such as Medicaid.

What type of life insurance policy should I buy?

The kind of coverage that’s right for you depends on your circumstances and financial goals. But, generally speaking, term offers the greatest coverage for the lowest initial premium and is a great solution for people with temporary needs or a limited budget. Permanent insurance may make more sense if you anticipate a need for lifelong protection, or if the option of accumulating tax-deferred cash values is attractive to you. Also, it doesn’t have to be one or the other. Often, a combination of term and permanent insurance is the right answer.

What are the different types of life insurance?

There are four main types. Whole life insurance is the most traditional form of permanent life insurance. With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age. You also get a guaranteed rate of return on your cash values. Of course, any guarantee relies on the claims-paying ability of the issuing insurance company.

By contrast, the cash value in universal life insurance is linked to an interest rate determined by the insurer, and the cash value of variable life and variable universal life is linked the performance of the underlying investment options you choose to invest in and fluctuate with market conditions. These two types of insurance products are offered via a prospectus, so you should always request a current copy, as it contains valuable information like investment objectives, risks, and charges and expenses of the investment.

The cash value of universal and variable policies is not guaranteed, although some policies set a minimum death benefit. With universal policies, (universal life and variable universal life) you can reduce or increase the amount of the death benefit and vary the amount or timing of premium payments, subject to certain limitations. If you’re having a hard time understanding the differences between these policies, don’t worry. Our expert agents can help advise you in deciding on what's best for you.

What medical conditions disqualify me from buying life insurance?

Medical tests provide accurate, current information about an applicant’s health that enable insurers to charge premiums that reflect the level of risk an applicant represents. Because some health conditions are easily managed through proper medication, therapy or lifestyle changes, medical information makes it possible for insurers to cover applicants with certain health conditions. More serious or incurable conditions present a very significant risk that some insurers simply may not want to assume. However, we work with carriers that have an 100% approval rate regardless of pre-existing conditions.

What are the basics of medicaid?

In all states, Medicaid provides coverage for some low-income people, families and children, pregnant women, the elderly, and people with disabilities. In some states, Medicaid has been expanded to cover all adults below a certain income level. Medicaid programs must follow federal guidelines, but coverage and costs may be different from state to state. Some Medicaid programs pay for your care directly. Others use private insurance companies to provide Medicaid coverage.

What is Medicare and how do I qualify?

Medicare is our country’s health insurance program. Although most commonly used by people age 65 or older, some younger people are eligible for Medicare, too. Those include people with disabilities, permanent kidney failure and amyotrophic lateral sclerosis (Lou Gehrig’s disease). Medicare helps with the cost of health care, but it does not cover all medical expenses or the cost of most long-term care. Medicare has four parts:
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- Part A — Hospital insurance
- Part B — Medical insurance
- Part C — Medicare Advantage
- Part D — Prescription drug coverage
- Medicare Gap

If you already get Social Security benefits, you'll automatically be enrolled in Medicare Hospital Insurance (Part A) and Medical Insurance (Part B). Centers of Medicare & Medicaid Services will mail you all the information you need a few months before you become eligible. Note: Residents of Puerto Rico or foreign countries won’t automatically receive Part B. They must elect this benefit. If you don’t get Social Security benefits and are not ready to apply for them yet, you should sign up for Medicare three months before your 65th birthday.

What information should I have before starting an application?

When you apply for coverage, you’ll need to provide details about your household, income, and any coverage you currently have. Household information should include the person applying for coverage, their spouse if they’re married, anybody they claim as a dependent on their federal tax return, including those who don’t need health coverage.

Find the Perfect Coverage Today

At Skynet Brokers, we understand the importance of finding the right insurance coverage for you and your loved ones. Our team of experienced advisors is here to guide you through the process and help you make informed decisions.