"Individuals who purchase their own health insurance got the double whammy when 2017 open enrollment began," said Jeff Smedsrud, Chief Executive Officer of Pivot Health. "Consumers saw their premiums go up an average of 22 percent or more, and they also got stuck with a higher medical deductible. The average family does not have thousands of dollars to spend on health care not covered by insurance. But with our supplemental plans, individuals and families can have the comfort knowing their life savings won't take a hit if they have an unexpected accident, temporary hospitalization or critical illness diagnosis."
Supplemental health insurance, which has been touted as "insurance for your insurance," has gained momentum in recent years as health consumers face paying thousands of dollars towards their high deductible health plan before insurance kicks in. The deductibles on an average silver plan on the federal marketplace are increasing approximately 15 percent next year compared to current 2016 plans.
"Just like Medicare supplement complimented original Medicare, our plans work together with Obamacare and other high deductible health insurance to provide added protection that improves an individual's financial portfolio. We are very pleased consumers are realizing how important supplemental insurance is, and choosing Pivot Health as their provider of choice," said Smedsrud.
Pivot Health supplement plans are guaranteed issue with no medical underwriting.
Learn more about supplemental insurance protection at Pivot Health or call 866-566-2707 to speak with a representative.
Media Contact: Colleen McGuire
firstname.lastname@example.org; 651-338- 8822
About Pivot Health
Started in 2016, Pivot Health is led by experienced health insurance professionals. It offers plans that compliment high deductible health insurance – both for those who received tax subsidies on plans purchased through Obamacare marketplaces, as well as those who buy insurance directly from brokers, insurance companies and web-based entities.
About Jeff Smedsrud
Jeffrey Smedsrud, the CEO and co-founder, has built and led several health insurance companies during his career and has long been an advocate for ways to improve coverage for consumers. Smedsrud is also a co-founder of HealthCare.com and serves on the board of directors of the Coalition of Affordable Health Coverage in Washington, D.C.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/obamacare-now-more-affordable-with-supplemental-health-insurance-300361523.html
SOURCE Pivot Health