Seattle, WA (PressExposure) December 29, 2009 -- Lifewise Health Insurance Plans of Washington will soon give the self-employed in Washington State one more good option when it comes to choosing a health insurance plan for themselves and their families.
For the past two years, Lifewise has not been that competitive in the eyes of many health insurance brokers with respect to their rates when compared to other health insurance options for the self-employed and individual consumers in Washington State. However, starting in 2010 they are offering one particular health insurance plan that will provide good preventative and catastrophic coverage, combined with a first of its kind prescription drug benefit -- all for a very reasonable cost.
This combination of catastrophic health insurance combined with prescription coverage is something new to Washington State. Whereas before, the self-employed and individuals had to choose either a catastrophic plan without prescriptions, or a much more expensive comprehensive plan with prescriptions, now they are able to have catastrophic coverage combined with a prescription plan. Formerly, the only other option was to add a separate drug plan from Assurant Health (if one's health qualified them for it) to whatever other plan was chosen. This was cumbersome and complicated, as consumers had two health insurance plans to manage instead of one.
This new offering from Lifewise, called WiseEssentials RX, will be available on January 1st for 2010. It will be offered with three deductible choices, $1,850, $2,500, and $3,000. Especially attractive is the $1,850 deductible option, as the Diagnostic and Lab Work is not subject to the deductible on that plan, potentially saving the average consumer several hundred dollars or more a year.
One caveat is that the drug coverage does not include all prescriptions however, as the plan is limited to generic drugs. Keep in mind, though, that not all generic drugs are inexpensive. Many of the most common generic drugs still cost several hundred dollars and aren't available for the much advertised $4 Generic price advertised by many chain drugstores. In addition, most (but not all) drugs do have generic counterparts today.
The new Lifewise WiseEssentials RX plan is well designed, fills a previous void in the market, and will provide yet another option in the wide variety of health insurance plans offered to self-employed and individual consumers in Washington State. Thanks Lifewise!