The reason Texas State Financial & Health is pulling out of the individual health insurance market.

The reason Texas State Financial & Health is pulling out of the individual health insurance market.

Justin Holland
of Texas State Financial and Health and some local clients visited with the health care reporter Peggy O’Hare of the San Antonio Express news business desk. The featured article was posted in the January 11, 2016 Business section of the paper. Texas State Financial & Health is based out of San Antonio, Texas but protects individuals, families, and businesses all over the state. This article re-enforces the reason why the many agents associated with our company will be pulling out of the individual health insurance market and focus on other industries.

We took a risk by investing our time, money, and effort with establishing Texas Sate Financial & Health. We worked very hard to help individuals/families compare along with enrolling into their Health Insurance since 2013 when ObamaCare kicked off its first enrollment.

Texas State Financial & Health will continue to assist our current individual health insurance clients but will not be excepting anymore individual health insurance clients come January 31st 2016.

It has been very difficult to stay out of the politics regarding the Affordable Care Act and we honestly kept from being critical and just worked through the chaos, but if this law is not seriously reformed or possibly repealed then it is going to cause an even larger disruption for the industry and anyone that is needing affordable health insurance coverage. Make sure to visit the article linked below.

Health plans’ narrow networks a struggle for consumers

Texas customers who hoped to renew their PPOs in 2016 were in disbelief when they learned that option had been eliminated, said Justin Holland, the owner of locally based Texas State Financial & Health and a member of the San Antonio Association of Health Underwriters.

“Premiums increased, deductibles increased, out-of-pocket maxes increased and almost every single individual health insurance client was affected from the loss of their PPO or the fact that doctors will not accept ACA-compliant EPOs or HMOs,” Holland said of his customers in an email. “We have been assisting lower-income, middle-class and wealthy clients with their health insurance, and no one is happy.”

During a recent stop in San Antonio, federal Health and Human Services Secretary Sylvia Burwell said the changes in the Texas market are happening partly because insurers have seen a “reduction in demand” for PPO health plans. Holland disputed that, calling Burwell’s remarks “unbelievable.”


What is Universal Life Insurance?

We have many clients ask Texas State Health Insurance what is Universal Life Insurance so we wanted to share a great video from Transamerica with some details. It’s a great short video!

Don’t forget, if you are needing assistance with Health Insurance, Life Insurance, and retirement options in San Antonio, Texas to contact Texas State Health Insurance today.


Justin Holland

Texas State Health Insurance

1250 N.E. Loop 410, Suite 330

San Antonio, TX, 78209

210.630.0689 Office

210.930.3410 Fax


Transamerica | Lifetime TV’s Designing Spaces Talks Life Insurance.

Transamerica’s Senior Marketing Director of DSO, Affinity Markets Group, Brian Short visits a couple in their home to explain the ins and outs of life insurance. During the discussion, Brian uses the Personal Plan Builder tool on the Transamerica Direct website to show the couple how easy it is to determine their insurance needs.

Texas State Health Insurance

1250 N.E. Loop 410, Suite 330

San Antonio, TX, 78209

210.822.9950 Office

210.930.3410 Fax

The shocking statistics behind the life insurance coverage gap.

Most Americans don’t have enough life insurance. Many Americans have no life insurance at all. Why? According to research, the most common reason given is that they have competing financial priorities. The second most common reason? They think they can’t afford it.

Here, we take a look at the shocking numbers behind the coverage gap in America and some of the misconceptions that might be causing it to persist.

85 percent of consumers agree that most people need life insurance, yet just 62 percent say they have it.

44 percent of U.S. households had individual life insurance as of 2010 — a 50-year low. In 1960, 72 percent of Americans owned individual life insurance. In 1992, 55 percent owned it.

Source: LIMRA’s Trends in Life Insurance Ownership study

40 percent of Americans who have life insurance coverage don’t think they have enough.

Source: Genworth LifeJacket Study 2011

70 percent of U.S. households with children under 18 would have trouble meeting everyday living expenses within a few months if a primary wage earner were to die today. 4 in 10 households with children under 18 say they would immediately have trouble meeting everyday living expenses.

Source: LIMRA Household Trends in U.S. Life Insurance Ownership, 2010

$15.3 trillion: Estimated unmet life insurance need in the United States

Source: LIMRA’s 2012 report “Closing the Insurance Gap: One Household at a Time”

Why aren’t people buying more coverage? Unfortunately, many Americans overestimate the cost of life insurance:

  • 83% of consumers say they don’t purchase more life insurance because it’s too expensive, but consumers believe life insurance costs nearly 3 times the actual price.
  • $400: What most Americans believe a 20-year, $250,000 level term life policy for a healthy 30-year-old costs annually.
  • $150: What it would actually cost.

And they don’t understand life insurance, either:

70 percent of Americans failed a recent 10-question basic life insurance IQ test.

 Source: LIMRA


Texas State Health Insurance

1250 N.E. Loop 410, Suite 330

San Antonio, TX, 78209

210.822.9950 Office

210.930.3410 Fax

A brief history of life insurance.

100 B.C.

The origins of the concept of life insurance, as we know it, can be traced to ancient Rome. Caius Marius, a Roman military leader, created a burial club among his troops, so in the event of the unexpected death of a club member, other members would pay for the funeral expenses.

Many similar clubs originated in this era. Romans believed anyone who was improperly buried would become an unhappy ghost, so the clubs were embraced by the government and military because of the deep conviction that it was absolutely essential for each person, regardless of social standing, to be buried in the correct manner. The clubs later evolved to also provide a stipend to the survivors of the deceased.

The concept disappeared for a long period of time, however, after the Roman Empire fell around 450 A.D.


Edward Lloyd’s Coffee House, a small shop on London’ Tower Street and a popular gathering place for ship captains, ship owners and merchants, becomes the go-to place for shipping news and, eventually, marine insurance. It was there that the modern concept of an insurance company came into being.

In 1769, a group of professional underwriters broke off to establish New Lloyd’s Coffee House, which would eventually grow up into Lloyd’s of London.


The Presbyterian Synod of Philadelphia sponsored the first life insurance corporation in America for the benefit of Presbyterian ministers and their dependents. Episcopalian ministers organized a similar fund a decade later.

(The first insurance company in the American colonies was formed before this, in Charleston, S.C., in 1735, but it offered only fire insurance at first. It didn’t add life insurance until 1760.)


The panic of 1837 and the resulting financial crisis spurred a shift toward mutualization for life insurancecompanies. Between 1838 and 1849, only one life insurance company raised capital on a stock basis. During the same period, 17 mutuals, requiring little initial capital, were chartered.

The spread of mutuals as well as other developments — like legal changes allowing women to purchase life insurance and a cultural shift away from preachers who demonized life insurance as “gambling” — created a boom period for life insurance companies. Many of today’s largest life insurers were formed in this period, including New York Life, MassMutual, John Hancock and MetLife.


During the depression years of 1871 to 1874, 46 life insurance companies ceased operations, with 32 failing outright. The result: $35 million in losses for policyholders.

In 1875, the Widows and Orphans Friendly Society was founded in Newark, N.J. with a single product: burial insurance. It was the first company in the United States to make life insurance available to the working class. That company eventually became Prudential.


Group life insurance was born when Equitable Life Assurance Society (now AXA Equitable) wrote a policy covering all 125 employees of the Pantasote Leather Company without requiring individual applications or medical exams. In 1912, Equitable organized a department to promote group coverage and soon began insuring employees of Montgomery Ward.

See also: Employees favor companies that offer voluntary benefits


Life insurance sales rose dramatically after World War I, peaking at $117 billion of insurance in force in 1930. By the eve of the Great Depression, there were more than 120 million life insurance policies — equivalent to one policy for every man, woman and child living in the United States at the time.


Serviceman’s Group Life Insurance was enacted into law to provide life insurance to members of the armed forces on active duty. The insurance is underwritten by a pool of commercial insurers, and the federal government pays administrative expenses and the extra cost resulting from the increased risk of military duty.

See also: Military families top public in coverage


The end of World War II and the economic boom that followed boosted sales of life insurance in the United States. By the mid-1970s, 72 percent of the adult population of the United States and more than 90 percent of all husband and wife families owned some form of life insurance.


A total of 2,977 people perished in the Sept. 11 terrorist attacks in New York, Washington, D.C., and Pennsylvania. The Insurance Information Institute estimates $1.2 billion was paid out in life insurance claims.


LIMRA’s 2010 Life Insurance Ownership Study found that 30 percent of U.S. households (35 million) hadno life insurance protection at all, and only 44 percent of U.S. households had individual life insurance, marking a 50-year low for the life insurance industry.

Subsequent studies in the years since 2010 have revealed that the gap has not improved.

Texas State Health Insurance

1250 N.E. Loop 410, Suite 330

San Antonio, TX, 78209

210.822.9950 Office

210.930.3410 Fax

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