Has anyone tried Cinergy Health Insurance?

Question

I had them call me to give me quites and it sounded a little too good to be true. They didn't ask me many questions. They just asked me my age and told me I was approved. Then they gave me a quote which in my opinion was around the same price as most 'real" health insurance companies offer. It sounded fishes so I told them to call me back.

Has any one tired them? If so how is it?

Answer 1

I have tried them and personally I thought it was a waste of good money.

Here are more reviews:

http://insurance.families.com/blog/insur...

Good Luck!

Answer 2

First of all it’s not health insurance, it’s a ‘discount plan’ and there is no approval process.  The approval process is whether your credit card or your bank information goes through.  And, it’s not that the plan is discounted, it’s just that services that you receive MAY be discounted, but they also MAY NOT.

Discount plans are very dangerous plans.  Insurance commissioner’s offices in many states have posted consumer warnings and even the FTC has posted one.  I have the FTC warning on my site (link below).

The most important thing to understand is that a discount plan does not make ANY payment to the provider.  So, if you racked up $120,000 of medical bills and it was discounted to $100,000, you’d be responsible for that $100,000 bill.  Also, you need to understand that an insurance plan (99% of the time) will give you the same discounts (if not better) anyway, so having both plans is a waste of money.  After the discount, the discount plan is done.  With insurance you’d pay your deductible and then your percentage of the costs.  So with my example about if you had an insurance plan with a $2400 out of pocket maximum you’d only be responsible for $2400 of the $100,000.  So, when they say “no deductible” don’t get excited because that means you’re responsible for all costs.  They certainly make it sound like a good thing though don’t they?

Read my article for a better explanation and also download the FTC report.

http://insurancepickle.com/health-insura...

Also, plans like this new “I Can Benefit” which claim to be ‘real insurance’ can do so because they make a payment to the provider (in some cases), but the problem is if they give you $500 per day in a hospital and the hospital costs $7500 per day you’d have to come up with the $7000 difference.  So, although it might be ‘real insurance,’ it’s still not real comprehensive.  An insurance broker could help you out to determine whether it’s any good.

The moral of the story is a Cadillac insurance plan may cost more than a discount plan, but there are many, many insurance plans that actually cost less than discount plans.  

Finally, the person selling the discount plan has NO LICENSE since NO LICENSE is required to sell them.  AND, they have no license to lose by lying to you either.

Get an insurance broker to go over your options.  I get calls daily from someone who had been scammed by one of these companies and usually they don’t figure it out until it’s too late.  So, unless you feel like getting stuck with a 5 or 6 digit hospital bill and find out the hard way find an insurance broker to help you out.

An insurance broker costs nothing to use and can show you multiple plans from multiple companies.  Usually they’re looking to develop a long term relationship with you and can help you going forward.  The discount plan salesperson will be working somewhere else in a couple months.

Hope that helps,

http://www.InsurancePickle.com