Health

Group

The first product and service ever offered by IDA Insurance was an Association Group Health Plan.  Nearly 20 years later, this unique health insurance solution is still available to IDA Member Dentists, their families, and staff.  More than 4,500 lives are insured by this Group plan offered through Anthem Blue Cross/Blue Shield.

The Group health plan offers four different deductibles/plans to choose from, plus an HSA option.  The uniqueness of our benefits and premiums, matched with your ability to choose the plan that best meets your needs is the ultimate win-win.  If you are a dentist and not insured through this Association Group Health Plan, you owe it to yourself to find out how simple it is to apply, and begin saving money.  And if you are an employee of a dental practice that does not offer the Group benefits to you, you must call today.  Ask how easy it is to form a group; the entire office will thank you.

Retail Rx Programs

For specific information, links to websites, and Rx lists, please visit our "News & Blog" page.  The Rx information is the first article. 

Individual

IDA Insurance began offering Individual health insurance solutions in 2005.  Since then, this has been our fastest growing service.  Individual insurance serves a specific purpose and should not be considered inferior to Group coverage.  Both Group and Individual insurance solutions are advisable, but only after we listen to your needs can our team determine which solution is best.  At IDA Insurance, we most often secure Individual insurance for employees leaving a practice and will be losing their health insurance, or for dependents of policyholders that graduate or become married and are no longer eligible under their parents policy.

IDA Insurance partners with Anthem Individual and Golden Rule/United Healthcare.  Both companies are recognized as leaders in the health insurance industry and provide superior benefits and premiums, provider networks, claim processing, and health care tools to meet your lifestyle needs.  Contact IDA Insurance today to determine which option is best for you.

ICHIA (Indiana Comprehensive Health Insurance Association)

For residents of Indiana, if you have been denied Individual health insurance, and do not qualify for other state programs, you will likely be eligible for ICHIA.  This is the State's "high-risk pool" and the plan is made available through the Indiana Dept. of Insurance.  For a link to their website, please click here: ICHIA.  Be sure to login as "Guest."

HSA’s

HSA's continue to be a great solution for your health insurance. It allows you to pair a high-deductible health plan with a savings account. The two combined can save you both in premium and annual federal taxes.  No website has better information than the US Treasury Department.  To link directly to the HSA section visit: http://www.treasury.gov/offices/public-affairs/hsa/

Golden Rule/UnitedHealthCare has established an HSA education only website that is also rich in content.  Here you will find videos discussing HSA's and even HSA calculators to help determine the possible tax benefits and long-term savings.  If interested, visit http://www.hsacenter.com/

Health Savings Accounts (HSA) were formed in 2003 when Congress passed into law the Medicare Modernization Act.  As stated on the US Department of Treasury website, “HSA’s are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.”

HSA’s are truly a two-part process.  First, you must select a health insurance plan that meets the government standards as a qualified high-deductible health plan (HDHP).  IDA Insurance specializes in utilizing the various Individual insurance options to select the best deductible and premium for you.  Once the health plan is secured, you then must select an approved financial institution or administrator that you deposit funds to and draw against for qualified medical expenses.  IDA Insurance’s recommendation is to utilize the services of a local bank or credit union.

The complexity, and advantages, of HSA’s is unlike any other health insurance policy.  Avoid the confusion and frustration, and contact IDA Insurance today.  Ask to speak with our HSA specialist, Jonathan Mayo.