PCIP - A True Story

Wednesday was a tough day for me. One of my long time group clients has a small union division. I am very close personally and professionally with both sides of the negotiating table. They have trusted my recommendations and know that I have always stepped up to make sure that everything that is done is in the best interest of both parties. The employee (Jim) who heads up the union representation has been through a rough several years. In 2005 his mother (Jane) was diagnosed and beat breast cancer. In 2007 his father (John) was diagnosed with lung cancer. In 2008 his wife was diagnosed and beat breast cancer. Unfortunately while his wife and mom were given clean bills of health his father took a turn for the worse and ended up terminal. John was the sole breadwinner of the family and losing his income without long term disability insurance was devastating. Financially the family had spent down all of their assets to continue payments for their bills. From a health insurance perspective, the plan available to the employee carried a $600 annual out of pocket maximum (Yes, you all read that correctly). When John passed in the middle of 2009 his life insurance and pension kicked in for Jane. Not only that but Jane was eligible for COBRA under John's employer sponsored insurance plan. Here was our conversation back then: ME: Jane, you are eligible for COBRA for three years. This will give you the best insurance coverage at the most reasonable price. Because of your cancer his...
Source: InsureBlog - Category: Medical Lawyers and Insurers Source Type: blogs