WorldWide Insurance Services, Inc.
WorldWide's Professional Health Insurance Advisors.
PSI is proud to introduce a new insurance
program for its members.
We realize that health insurance for small businesses and self-employed
individuals can present challenges, both in terms of accessibility
and affordability. Our new program includes:
- Large selection of health insurance plans and companies
- Dental, Life Insurance, Disability, Cancer, Accident, Critical
Illness, Vision and Long-Term Care Insurance
- Consumer information about the various types of health plans
(PPO’s, HSA’s, HMO’s, etc), including the pros and cons of each
type of plan
- For those of you with employees, our program provides guidance
on employer-sponsored health care plans, including contribution
rules, participation requirements, COBRA, HIPAA and more
- Information to help you understand and manage specific medical
conditions and health issues
- Valuable information on wellness, prevention and disease management
- Resources for the uninsured and those with uninsurable medical
WorldWide Insurance Services, Inc.,
a national, independent broker, in business since 1989, and representing
more than fifty insurance companies, administers our program.
Following are frequently asked questions and
answers about our health insurance program:
Q. Why cant PSI offer a single group
health insurance plan for all its members?
A. Unfortunately, most national
associations, including PSI, are not able to offer true
group coverage for their members due to legal restrictions. Although
federal legislation allowing association group plans has been
proposed in Congress many times, it has never made it through
the legislative process for approval. Until such a law passes
we must work within the state controlled regulatory framework
that governs personal and small business health insurance. Each
state is responsible for regulating its own insurance markets,
and the result is that plan availability, rates and underwriting
rules vary greatly from state to state. Therefore, our health
insurance program also varies in availability, rates and underwriting
from state to state. ADD: We are hopeful that health care reform
will include the creation of association group plans or association
Q. Which insurance companies are offered in the program?
A. The state in which you live determines the
insurance companies that are available. Your proposals will include
quotes from several of the best companies available in your area.
Major insurance companies included in the program are Aetna, Anthem,
Assurant Health, BlueCross BlueShield, Golden Rule (a UnitedHealthcare
company), Guardian, Health Net, Humana, John Alden, Time Insurance,
UniCare, UnitedHealthcare and many other regional companies.
Q. Which types of insurance plans are available?
A. In the majority of states we offer
PPO, POS, HMO, HSA and traditional major medical plans. Also included
are student plans, children-only plans, and temporary health insurance
plans for those with gaps in coverage. WorldWide’s representatives
can provide detailed explanations of the features, benefits, limitations
and exclusions of each type of plan in the program.
Q. Are your rates lower than the rates
that I would pay if I went directly to these insurance companies?
A. As we mentioned, health insurance
is regulated by each of the states. This regulation includes oversight
on rates, which must be filed by the insurance companies with
the state, prior to the sale of any policies. Currently the states
do not allow discounting of rates. Our program more closely resembles
a shopping service for our members, in some cases offering as
many as 500 different plan designs to our members. However,
unlike health insurance rates, our dental, vision, accident and
cancer plans provide discounts for our members, their families
and employees and are available in nearly all areas.
Q. Is the program available in every state?
A. There are a number of states
in which the program is not available. In such states, WorldWide
provides our members with a list of carriers, including contact
information, that are available in their states.
Q. Is acceptance guaranteed?
A. For individual members, or members who
are insuring themselves or their families (not their employees),
coverage is not guaranteed except in a small number of states,
primarily in the Northeast. In most states, members will be required
to complete medical questionnaires in order to determine whether
they qualify for coverage. For those members insuring themselves
plus 1 to 49 other employees, coverage is guaranteed, under federal
law, in most states (several states guarantee coverage to groups
For those individuals with medical conditions
that are uninsurable, WorldWide’s representatives will provide
information and contacts for each state’s risk sharing pool plans
or for their state’s designated carrier offering open enrollment.
Q. What about pre-existing conditions? Are they covered?
A. The answer to this question varies
greatly and depends on several factors, including the severity
of the condition, prior coverage, which type of plan is being
applied for, and the state in which you reside. WorldWide’s licensed
representatives are trained to take a detailed medical history
before releasing quotes for which you may or may not qualify.
They also have direct access to underwriters so that they can
determine if you qualify, even before completing an application
Q. With all the plans to choose, how can I tell which plan
is right for me?
A. WorldWide’s representatives
will work with you to learn about your medical situation, frequency
of doctor visits, your medications, and preferred doctors and
hospitals. They will identify plans that meet your objectives
that are also within a budget that you can comfortably afford.
Q. Must I purchase my plan through the
program or can I use my own broker or buy direct?
A. The choice is yours. You
can make your purchase through WorldWide, or through your local
broker, or, in some cases directly from the insurance company.
Regardless of whom you purchase your plan from, WorldWide provides
its information free of charge and you will pay the same amount
for your coverage regardless of who it is purchased through.
Q. How much does the shopping service cost?
A. There is no charge for
Q. How can I get involved in order to assure
the passage of a national association health insurance bill?
A. While various association
health insurance bills have passed the House of Representatives
many times (seven at last count), a bill has never passed a Senate
committee and made it to the Senate floor for a vote. We suggest
that you write your senators and urge passage of such a bill.
WorldWide’s representatives can provide suggested wording for
a letter or e-mail, and they can also provide contact information
for your state’s senators.