Health Insurance - Revisited
In doing a search regarding health insurance, the threads are all a bit dated.
Who is offering individual health insurance to residents of the VI? Any comments on rates, service, etc.?
I checked with BUPA and their coverage didn't interest me for the price. What I would like to see is whoever has the Govt employees contract to offer health insurance to the population as part of the deal, I think they have Anthem now
The government insurance is Cigna. It would be great if they would open up their enrollment. United Health Care is one that allows you (for a pretty penny!) to buy an individual plan. We looked into switching (can't think of the other one, will post later) but UHC has doctors here and on the mainland in their plan. The other one only had Puerto Rican doctors and facilities.
i dont think UHC writes indiv policies now on st. croix. under a subsid probably
Don't they have to for ALL the VIs? They can't pick and choose, I don't think...
BUPA is the only way to go. Rates are OK with a high deductible ($5000), i.e. catastrophic insurance.
That high deductible allows one to open an HSA where money can be squirreled away for a rainy day tax free much like health "IRA".
According to the BUPA Customer Service Dept in Miami (305) 398-7400, they no longer issue new policies in the U.S. Virgin Islands, however they will renew existing plans.
United Healthcare Insurance only issues group insurance plans for businesses with 2 or more employees here, their individual health insurance division, Golden Rule Insurance Co. (800) 444-8990 does not offer coverage in the U.S. Virgin Islands.
The only insurance company offering individual coverage here is Atlantic Southern Insurance Co. (787) 767-9750 and can also be accessed on line.
HSA's (Health Savings Accounts) as well as Health Reimbursement Accounts (HRA) and Flexible Spending Accounts (FSA), are under fire by the new Health Care Reform Legislation. Definitions of HSA continuing eligibility requirements are forthcoming from the U.S. Dept of Health and Human Services.
Carl Gotts - Gotts Insurance Associates, www.InsuranceVI.com
Thanks for the good information Carlstx--how can I reach you--phone # ?