Members of the Federation of New York Housing Cooperatives & Condominiums (FNYHC) learned about a newly designed health insurance package offered to them at a discount of 10 percent.
The providers of the insurance spoke at a seminar moderated by Al Pennisi, president of the Queens Chamber of Commerce and FNYHC, and held at a restaurant in Little Neck on Tuesday, October 28.
.“It’s helping those who may not have health insurance to get insurance through the Federation. If you go to buy health insurance individually, it’s very expensive,” said FNYHC Executive Vice President Mona Shyman.
Individuals living in the co-ops and condos that are members of FNYHC would be eligible to receive medical insurance from Long Island based – United Benefit Solutions.
The discount package for the Federation members also includes long-term care insurance offered by MedAmerica, an insurance company in Rochester, NY.
Insurance for long-term care, which includes bathing, toileting and dressing services that one needs due to aging or a disease, is important because health insurance pays only for some short-term care provided by a nurse, but does not pay for any custodial care, explained Thomas Dougherty, managing partner of Long Island-based Blue Chip Financial Corp.
Getting long-term care from family members may not always be a viable option, said Dougherty. “When it comes to long-term care what you are looking to do is maintain normalcy in your life and not be a burden to your family,” Dougherty explained.
He added that the Federation members can get the 10 percent discount even if they get the insurance from any other major insurance company.
