Categories
Health Insurance Vero News

Health insurance and COVID-19

Health insurance and COVID-19: what should I know?

Vero is committed to helping individuals with their health
and well-being during this unprecedented global pandemic.
Share on facebook
Share on twitter
Share on linkedin

Does my plan cover testing and treatment related to COVID-19?

Many of the major carriers are including coverage for testing and treatment related to COVID-19. While each carrier and plan can differ in terms of what that entails, it’s best to check with your carrier directly on what is available to you. Due to high volume, please anticipate longer wait times when calling an insurance company and utilize the other contact methods such as email, chat and accessing some of the other resources through your user account at that carrier’s website (if you don’t have an account and you’re a member of that carrier, sign up now). America’s Health Insurance Plans (AHIP) has posted a great resource here.

Learn how each state is working to promote relief and flexibility to insurance companies.

What happens to my health insurance and dependents if I am furloughed or laid off?

Quickly access or retrieve information from your employer’s HR and benefits department to fully understand what will happen and where you can find more information. Every company can be different in this regard. If you find yourself without coverage, or soon-to-be without coverage, you can search for plans on the state or federal exchanges (depending on your state) or, if you have a spouse or partner who has an employer sponsored plan, you may be able to enroll in that plan. The key is to search and enroll as soon as you know when your coverage will lapse or cancel so that you are not uncovered during any transitions. 

If your company offers you COBRA or another type of continuation of coverage (i.e. “mini-COBRA), it’s best to read the literature thoroughly and respond accordingly within the time frames provided. If you haven’t been provided any language or have questions, reach out to your employer’s HR or benefits department. For more information on COBRA, see here.

Can I change plans or get new coverage in the middle of the year due to the uncertainty of the COVID-19 pandemic?

Typically, with most plans you are not allowed to change without a qualifying event such as an involuntary loss of coverage, life event (marriage, new baby), etc.  The best way to find out is to contact your insurance company directly, or if you receive coverage from an employer sponsored plan, reach out to the HR and benefits department and/or log into any HR or benefits software available to you to find out more. Some states and insurance companies may offer relaxed guidelines and flexibility on many of these standard rules given the pandemic. Please contact the insurance companies directly to find out what’s available.

COVID-19 and managing stress: How can I access mental health and well being outlets/care and know what’s covered?

Locate and upload to Vero your health insurance plan summary or Summary of Benefits and Coverage (SBC) which you can find in your insurance company’s online portal or your hr/benefits portal through your company. Vero will reach out with recommendations and support.

Contact your employer, HR/benefits department, or your insurance carrier directly to find out what is available and how to access mental health care. There are many mental health-related coverages included in your current health and life insurance plans. See here for some of the ways insurance carriers are providing access to mental health resources. Review the covered mental health benefits in your health plan, as well as the employee assistance plans (EAP) available through your employer or insurance carrier. For information about mental health coverage, see this article by the American Psychological Association.

I’m uninsured and worried about getting sick with COVID-19. What can I do to obtain health insurance?

Some states have added special enrollment periods allowing the ability to sign up for health insurance later than usual. Otherwise you can access Healthcare.gov to see what might be available. If you’re employed and eligible for health insurance, reach out to your HR and benefits department.

What is “Telehealth?” How do I know if I have it? Should I use it, how and when? Where do I find it? Same for “VirtualCare”

Telehealth involves the delivery of healthcare services via telecommunications and virtual technology. With the onset of COVID-19, we have seen a natural boom in telehealth, due to the stay-at-home orders and the unprecedented amount of pressure on frontline healthcare workers. Overnight, it has gone from a convenience to the sole way to access healthcare less an emergency. See here for a great resource on telemedicine.

With Vero, let’s make sure you’re protected and making highly informed decisions.

Make sure the protection you have is the protection you need!

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions propose traditional answers. Life insurance. Home insurance

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

Follow us

Categories
Vero News

What is Vero

What is Vero?

Here’s how our new approach to personalized risk management is going to completely change how you think about insurance.
Share on facebook
Share on twitter
Share on linkedin

What is Vero?

At Vero, we’re trying to put power in the hands of insurance consumers — not companies — for the first time in the history of modern insurance. How are we doing that? By handing you a detailed, nuanced profile that outlines your various areas of risk alongside the coverages you currently have, with customized recommendations for places where you might be under- or over-insured. We tell you the story of how protected you are, in detail, all tied up with an overall Vero Protection Score. 

Here’s why exactly this is so game-changing: Everything we do is aimed at democratizing risk and insurance management for everyday people. Historically, the insurance industry is built on the assumption that you, the consumer, are unable to make smart risk management decisions. Meanwhile, insurance companies enjoy the benefit of making money off your lack of education about topics like risk and coverage. Either way, the outcome is the same: consumers don’t have access to the risk assessment and predicting models that insurance companies have always used, leaving you lacking a complete picture of your risk profile — and then you have to make costly decisions anyway. Not ideal, to say the least. 

So who does know your full risk profile in the current (soon-to-be outdated, if we can be optimistic about it) insurance ecosystem? The insurance companies. There is a lack of a trusted and unbiased source of advice when it comes to figuring out just how much coverage you need for different parts of your life. 

That’s why we created Vero. We look at the whole picture of your life and the risks therein, give you unbiased data and total transparency into our process, and take the whole process off your plate in a customized way.

What makes Vero different?

  • Everything about Vero is different. For starters, we aren’t trying to sell you anything. The difference between your experience when someone is trying to sell you something versus when they’re not is…huge. There’s no agenda attached to the data we’re sharing with you.

By reimagining personal risk management and insurance, we help you to:

  • Identify and quantify all your risks in order to analyze all where any gaps might exist
  • Walk you through your options for managing your risk through insurance, mitigation, and alternative financing
  • Assist you with recovery and problem-solving, while optimizing how much money you spend 

For a process that leverages admittedly dense algorithms to arrive at your final risk profile, the experience is pretty straightforward. (We think so, anyway. You tell us.) We want to democratize sophisticated risk assessment — not pass along the complexity that comes with it. Our goal is to offer a personalized, dynamic service that evolves and responds as you, your life, and your family change. 

Why Vero is right for you

If you have things in your life that are vulnerable to risk — and you’re alive (we hope) so you do — then Vero is for you. If you like to have all the facts about a complex issue before having to throw your money at a fix, Vero is for you. If you’re tired of being forced to get information about your own needs from the same companies that profit off you being in the dark about exactly that, then Very is very much for you. We’re putting the power into your hands to make highly informed decisions to protect the things and people you care about, with all the context you need to make the information meaningful and actionable. 

Make sure the protection you have is the protection you need!

Life is full of risks. To your family. Your assets. Your future. The problem is traditional solutions propose traditional answers. Life insurance. Home insurance

Continue reading

©2020 Vero Intelligence, Inc.
370 Convention Way
Redwood City, CA 94063

Follow us