Strategic limited partners insurance, LP battles medical insurers. This network of doctors and hospitals keeps expenses low while maintaining excellent standards of service, according to its members. Some professionals and customers have questioned the company and its products. Strategic Limited Partners—what is it? Operates how? Member benefits and drawbacks? This article replies to these and other questions.
What is strategic limited partners insurance?
Health insurance is one of the many services provided by Strategic Limited Partners. However, there are concerns that it is not a legitimate insurance company and engages in fraudulent practices, according to some reports. So, be wary and investigate more before committing to one of their plans.
Strategic Limited Partners’ physical location and contact information are not readily available on their website; however, one source gives its mailing address as 700 Lavaca Street, Suite 1400, Austin, Texas 78701. Other dubious sites use this address; therefore, it’s possible that it’s not their actual location. There is no phone number to call them on their site, but an online contact form is provided if that’s more convenient for you.
Strategic Limited Partners’ insurance products are “limited benefit health plans” that include inpatient and outpatient care, emergency care, lab tests, and prescription medications. These plans may not comply with the ACA’s criteria for “minimum essential coverage,” and they may have prohibitively expensive out-of-pocket costs for the insured and the provider. Various factors, such as age, geography, income, and health, is capable of affect the cost of health insurance, however specific plans may be more affordable than others. The plan’s premium is $199 per month, with a $1,000 deductible and a $1,000,000 lifetime maximum benefit.
Strategic limited partners insurance reviews
Individuals and businesses can get health coverage through Strategic Limited Partners (SLP). But there are red flags that suggest SLPs aren’t who they say they are as an insurer. Some of the information I uncovered is as follows:
SLP claims to be part of the PHCS/Multiplan network, an extensive network of healthcare providers in the US. However, PHCS/Multiplan does not list SLP as one of their insurance carriers. This means that SLP may be fraudulently using PHCS/Multiplan’s image and logo.
SLP has a website that allows members to sign in and access their benefits. However, the website looks unprofessional and has many spelling and grammatical errors. The website also provides no information about the company’s history, vision, mission, or values.
SLP has a correspondence address in Texas shared by many other dubious health insurance sites. This suggests that SLPs may use different names and facades to deceive consumers.
SLP does not have clear or consistent contact information. The phone number on their website differs from the phone number on Crunchbase. The email address listed on Crunchbase also differs from the one listed on Keystone Agency Partners, another insurance agency that claims to partner with SLP.
Is strategic limited partners insurance legitimate?
Strategic Limited Partners Insurance is not a legitimate company. Several red flags indicate that it might be a scam, such as:
The Strategic Limited Partners Insurance website does not provide any detailed company information, contact details, or terms and conditions. It also has a very low trust score and a high risk of phishing and malware.
The member ID cards advertise that Strategic Limited Partners Insurance is part of the PHCS/Multiplan network, but this is untrue. PHCS/Multiplan does not list Strategic Limited Partners Insurance as one of their insurance carriers
The correspondence address on their mailings goes back to a corporate building in Texas that forwards all the mail to another corporate address, which is linked to many other fraudulent health insurance websites.
There is a lack of transparency and consistency in the claims procedure and explanation of benefits offered by the Strategic Limited Partners Insurance phone centre. In addition, they resort to aggressive methods to convince potential clients to sign up.
The Department of Labor (DOL) has determined that a limited partnership’s health plan is not an ERISA-covered single-employer plan and, as such, is exempt from the requirements of ERISA, which governs the rights and benefits of employees and beneficiaries. According to the Department of Labor, there will be no employer-employee relationship between the partnership and the limited partners, and the limited partners will not be financially dependent on the limited partnership. This suggests that members of a limited partnership like Strategic might not receive sufficient protection from the partnership.
Reasons to avoid strategic limited partners insurance
The plan is not guaranteed to pay for claims or services because it is not governed by the state or federal government.
This plan does not include preventative care, maternity care, mental health treatment, substance misutilize, and other chronic diseases.
The plan’s $1 million lifetime limit is well below the amount needed to cover the costs associated with a catastrophic illness or injury.
There is a possibility that the OP will still have to pay the tax penalty for not having minimal essential coverage since the plan is not compliant with the ACA.
Strategic Limited Partner Insurance Alternatives
Here are some alternate routes to take to acquire financially stable medical coverage:
- Filing for low-income health insurance (Medicaid or the Children’s Health Insurance Program, CHIP).
- During the open enrollment season or a special enrollment period, the OP can shop for a subsidised plan on the HealthCare.gov marketplace if the OP has a qualifying life event.
- Try to get a job that provides health insurance, or enroll in a spouse’s or parent’s plan if that is not possible.
- Looking for competing health insurance providers or brokers who can provide tailored plans and pricing
Cheap health insurance companies in the USA
Aetna
If you are eligible for the advance premium tax credit, your premium with Aetna will likely be $0. Aetna provides low-cost bronze plans, including free visits to CVS MinuteClinics on the same day for 2023
Oscar
Oscar provides the best value for healthcare coverage with its low premiums, low deductibles, and numerous liberate services, including telemedicine consultations, primary care visits, and generic drugs.
Kaiser Permanente
Concerning patient satisfaction, Kaiser Permanente stands head and shoulders above the competition thanks to its extensive medical staff and high scores from NCQA and Healthcare.gov. Integrative health and wellness programs are also available through Kaiser Permanente.
Molina Healthcare
Molina Healthcare is the greatest option for those on a tight budget because it provides numerous plans with little or no out-of-pocket costs. When it comes to Molina Healthcare, prevention, and community involvement are also top priorities.
