Tag: Insurance

If you are between the ages of 50 and 65 and you are going to be looking for health insurance or are looking for health insurance you need some help. This is a tough age (of course what age isn't starting with the terrible twos) because you are at a prime age to start developing health problems. Statistically speaking and statistics is the only language insurance companies speak, the insurance company can predict they are going to spend more on 50-65 year old than a 20-45 year old. For that reason premiums are much higher for the older person.

But, we Baby Boomers are a smart group and where there is a will, there is a way. So let's look at some of the options:

If you currently have a job and are looking to retire or start your own business, you have a couple of avenues you can investigate. First you can inquire if your company will let you buy health insurance through the company plan. If your company will let you do this your employer (assuming we are talking early retirement) may subsidize part of your premiums. If not, you still get group rates which are a whole lot cheaper than individual rates. If you are married and your spouse is still working strongly consider adding yourself to his / her plan if that option is available to you.

The next option (if you currently have a job which provides health insurance) is COBRA or Consolidated Omnibus Budget Reconciliation Act. COBRA lets former employees and their dependents continue their employer's group coverage for up to 18 months. The best thing about COBRA is it is guaranteed. Your former employer's insurer can't turn you down even if you have a chronic medical condition. The worst thing about COBRA is the cost. Your employer generally covers 70% or more of your health insurance premium. With COBRA you have to pay the whole premium plus administrative costs. Industry surveys indicate based on an average premium (for 2007), a former employee would have to pay more than $ 373 a month for individual coverage and more than $ 1,008 a month for family coverage.

If you are not currently employed by a company who provides health insurance there are still choices for you. If you have pre-existing conditions such as diabetes or high blood pressure you can receive coverage through a state high-risk health program designed to help those with medical conditions that prevent them from getting insurance. Again though like COBRA the premiums can be quite high.

You can also check out professional organizations you could join or are already affiliated with to see if they offer health insurance policies for members. Because these are group plans, the premiums may be less than what you would pay in the individual market.

Finally, there is the individual health insurance option. There has been some progress in terms of offerings of policies for the 50-65 year age group market mainly because insurers see this age group as a potential growth market. Many Baby Boomers are in good health and have higher income than younger people. Also insurance companies hope that retirees will still purchase their products, such as supplemental insurance, even after they're eligible for Medicare. Some of policies currently offered may have premiums as low as $ 200 per month for people who are in good health and willing to pay a high deductible. Many insurance advice columnists recommend combining a high deductible individual health insurance policy with a health savings account. HSA contributions are made with pretax dollars, and any money left over in the account at the end of the year is rolled over for future use. Withdrawals are not taxed if used for qualified medical expenses.

Source by Marilyn Katz

Family health insurance plans are necessary for a family to meet the health care expenses for each and every member of the family. Instead of going for an individual plan for each member of the family, you can go for family health insurance plans. A single policy might cover all the members of the family and the premium that you pay would also be less when compared to the individual policies for each members.

Almost all of the health insurance plans give you the basic coverage necessary but it is better to know from the insurer all the benefits of a particular plan. Before you take a policy you have to ensure that whether the policy covers physical exams, health screenings, prescription drugs, hospitalization, emergency care, dental services, and vision care. You can check with your agent or from the website whether all these are covered. Accordingly you can choose the best one that fits your needs. Apart from these you can also ask them whether they cover the ongoing treatments for any disorders or diseases. Some of the policies may not cover the alternative treatments like acupuncture and homeopathy. You may also check these.

Some of the health insurance plans might require you to be admitted to only certain hospitals. You have to check the list of hospitals from which you can get treatments done. Sometimes you may be referred to some specialist doctors who may be in a different hospital. You should know whether such special consultations and treatments are allowed according to your policy. If you are to start a family or retire from your work you should consider an appropriate policy. It is better to consult an independent agent instead of a captive agent. Independent agents may recommend you a good policy that covers you needs well.

Source by Marvin Toller

There is still time for Congress to pick up the pieces of changing the healthcare system to help stabilize it. The fate of the Affordable Care Act is yet to be determined. In the meantime, people wait while paying extremely high premiums and have mountains of out-of-pocket bills on the kitchen table. Where is the affordability of the Affordable Care Act?

Tick ‚Äč‚ÄčTock for the insurance companies as well. They are under a timeline for filing dates this summer. Insurance companies have time to decide if they will still offer ACA plans or not. By withdrawing ACA plans, things will start moving back to before the law was signed. This time capsule can be good for many.

The insurance companies may begin screening for health conditions. Do not panic just yet! Years ago, the only problem with pre-existing conditions was not 'if' an insurance company would take you, but which one. Each insurance companies had personalities for health conditions. Just because a big name insurance company turned someone down, that did not mean you could not get health insurance from another company. Insurance brokers just had to match the personality with the insurance company. It is as simple as that.

If nothing happens by late March, we could be moving into more increases on the health plans in 2019. This is terrible news for folks on the brink of losing their health insurance due to cost. Not everyone does well enough to pay for their health insurance with no problem, and much more do not qualify for any government subsidies for the premiums.

Governors in Alaska, Ohio, Colorado, Pennsylvania, and Nevada came up with "A Bipartisan Blueprint for Improving Our Nation's Health System Performance." It brings together a high-level overview of what some changes should occur. It does not get specific enough to make a difference. Maybe it is too soon at this point. However, policyholders need some answers, and hard proof something will change that will benefit them.

Collective action by 20 US States recently sued the federal government claiming the law was no longer constitutional after the repeal of individual mandate starting in 2019. Individuals and families not having ACA compliant coverage will no longer be fined a tax penalty in 2019. The Individual Mandate was the very rule that was determined by the Supreme Court in 2012 saying it was constitutional as a tax penalty.

The future of the law and health plans are yet to be determined. Since 2014, it seems that most policies are changing every year. Every year the premiums go up, and the policies cover less. At what point is the breaking point? With this race against the clock, we will have to wait until the clock stops to know if we have real change coming.

Source by Butch Zemar

Many people rarely consider the need for professional group fitness instructor liability insurance. It makes sense, however, that in our litigious society precautions should be taken to ensure that those who choose to earn their living as a fitness instructor are protected against legal damages, whether the charges are warranted or not. Most insurance companies will cover actual fitness facilities as well as their employees up to a certain limit and under certain conditions; however it may be only the lowest coverage possible with certain exclusions and conditions. If you are an independent fitness instructor, or even working full time for a fitness facility, it is vital that you consider protecting yourself with a group fitness instructor liability insurance policy.

What is Group Fitness Instructor Liability Insurance?

Group fitness instructor liability insurance protects physical fitness instructors against damages incurred or legal actions brought about by claimants as a result of the instructor’s training duties.

Common reasons for litigation against instructors include:

o Muscle injuries

o Joint injuries

o Back injuries

o Broken bones

o Bruised bones

Most group fitness instructor liability insurance policies will cover the common causes or hazards that can occur during training and result in the losses mentioned above. Common claims include:

o Injury as a result of poor supervision

o Injury as a result of poor training technique and education

o Injury as a result of overtraining

o Injury as a result of lack of adequate stretching or cool down periods

People can also claim mental damages, stress, or humiliation. For this reason it is extremely important that your group fitness instructor liability insurance policy gives you the most specific and comprehensive coverage possible. Although certain endorsements (additional coverage) may add to the total premium that you pay each year, in the end it will be well worth it. Too many frivolous lawsuits are settled in favor of the plaintiff to warrant gambling with your coverage amounts and limits.

Limits of Coverage

As for the limits of coverage, most insurance companies will offer a basic policy with an aggregate limit of $500,000, $1,000,000 or $2,000,000. They may also have a per occurrence limit that is significantly less than the total policy limit. It is important to understand this distinction because if your policy limit is $1,000,000 but your per occurrence limit is only $100,000, this means you are responsible for paying any monies owed to the other party that exceed the $100,000 limit. For example, if the judgment against you is $150,000 and the per occurrence limit is $100,000, you will be responsible for paying the remaining $50,000 out of pocket. If you do not have the $50,000 in cash or savings immediately available for payment, wage garnishment and even asset liquidation can occur.

Conclusion

When considering a group fitness instructor liability insurance policy, remember that it is always best to be over insured and not need it than to be underinsured and end up with a large debt that you will have to end paying for the rest of your life.

Source by Ian Pennington

Introduction:

The basic health indices in India have widely improved since we became independent in 1947, the average life expectancy has gone up, the infant mortality rates and maternal mortality rates have improved a lot but we still have a long way to go before we achieve developed or European standards.

These improvements happened because of improvement in education, sanitation, health care facilities and increase in disposable income resulting in general improvements in living standards across the board.

Today we are producing more cereals, pulses, fruits, poultry, fish and also consuming more as a result the availability of protein in our diet has improved very much resulting in taller and healthier Indians.

But along with increase in disposable income and increasing living standards there is increase in consumption of alcohol, tobacco, red meat and fatty foods.

The increase in affluence and affordability of new technological gizmos has made us more sedentary and dependent even for smallest and easiest of the job; today we tend to use mobile phone from the comforts of our home to contact grocer, pharmacist, maid, electrician, mechanic, etc.

And instead of walking to nearest convenience store, we tend to use vehicle and instead of walking or cycling for moving-around in our neighborhood we take motorized vehicle.

Many of us will have trouble remembering last time we walked a distance to catch an auto rickshaw or taxi today we tend to book taxi and it picks us up from our door step.

Which along with unresponsive or indifferent civic management has resulted in unplanned development across most of the urban centers where availability of potable water, sanitation services are under stress along with increased and unmanaged vehicular, industrial, ground, noise pollution.

In 2012 GOI with Indian council of medical research released an updated definition of overweight and revised the figures to:

If BMI (Body Mass Index) is between 18-22.9kg / m2 person is of normal weight

If BMI is 23-24.9kg / m2 the person is overweight.

If BMI is more than 25 kg / m2 the person is OBESE.

In 21st century obesity has taken epidemic proportion in India and more than 5% of population comes under definition of OBESE.

While studying of 22 SNP (single nucleotide polymorphism) near to MC4-R-gene, scientist have identified a SNP 12970134 to be mostly associated with waist circumference. In this study nearly 2000 people of Indian origin participated and this SNP was found to be most prevalent in this group.

Hence genetically we are predisposed towards abdominal obesity and this is one of the biggest morbidity factor behind diabetes type 2 and cardio vascular disease.

Globally 3-5 million deaths are because of obesity, 3.9% years of life lost and 3.9% of years lost to disability adjusted life years.

All the above has increased the number of Indians suffering from non-communicable lifestyle induced diseases like Cancers, Cardiac Vascular diseases, Diabetes, Hypertension, Mental Illness, breathing disorders like Asthma etc.

What is the disease burden for non-communicable prevalent disease like cancer, diabetes and cardiovascular diseases in India? ( Reference: Background papers on Burden of disease in India published by National commission on macroeconomics and health)

The figures for Diabetes, CVD (Cardio vascular disease) and cancers are alarming and the biggest percentage of new cases are being reported from Urban areas and the younger men and women are as vulnerable as middle aged men.

Diabetes:

India is projected to become diabetes capital of the globe, it is estimated that in 2015 approximately 4.6 crore Indians were diabetic.

The prevalence is estimated as:

In 30-39 years age group around 6% of population is estimated to be diabetic.

In 40-49 years age group around 13% of population is estimated to be diabetic.

In 70+ years age group around 20% of population is estimated to be diabetic.

Diabetes has been recognized as one of the major contributing factor towards increase in numbers of Cardio Vascular Disease (CVD) patients in India.

Cardiovascular Disease (CVD):

It is estimated that around 6.4 crore Indians had one or the other condition which can be classified as CVD.

Coronary Heart Disease is a mix of conditions that include Acute Myocardial Infraction, Angina Pectoris, Congestive Heart Failure (CHF) and inflammatory heart disease.

It is …

It seems that the more insurance one has the higher go the fees. Doctors now earn substantially more than they did proportionally few years ago. While they know that their patients can recover most of the cost for their service they rarely get an argument from them. In Australia we have the Medicare system that covers everything for those without private health.

The previous Prime Minister, Tony Abbot, put this extra burden on people that they must have health insurance. Only the pensioners above 75 years are now covered by bulk billing. That is they are not charged and the government pays for them. Prior to the Abbot changes everyone had this type of benefit but the cost was unsustainable.

Because of that rise in fees the government is now looking for ways to cut it back even further. The increase in population from overseas migrants is putting an extra burden on the system. Some of these people will go to two or three doctors in the same day thinking they will get better quicker. Some are also getting extra drugs and selling them overseas.

Modern medicine is expensive and now the vets are also on a par with the medical profession as far as fees go. The debate that they do much the same amount of study is a logical claim but when one has no insurance against their bills it is rather tough for many to afford it. Pet ownership is suffering as a result.

We can't go backwards to old systems because it becomes too complicated. Once people earn more it is hard to take it away again. This is yet another dilemma the government is dealing with as there appears to be no way they can force a decrease in the cost of the medical bills covered by their program. The cost of private insurance is also rising beyond what most and now afford.

Source by Norma Holt

The internet has made it easier to compare different health insurance policies and shortlist health insurance plans. With the right health insurance policy, one can make substantial savings if a family member gets sick. Although there is no golden rule to choose the right individual plan, yet, some common tips help in the decision making process. Five keys to choosing the right individual insurance plan have been listed below:

• Determine your need and your affordability: Even before you start your online search for insurance plans, one needs to be sure about the details of the plan. You need to make sure that the benefits offered by the plan covers what you need for yourself and your family. However, the perfect plan will also come at a considerable cost. As an informed customer, you need to do a proper cost benefit analysis to make sure your trade-off between price and benefit is in the appropriate proportion. If we take into account, frequent trips to the doctors, medications and dental coverage – such scenarios eliminate unsuitable plans and makes the comparison process much easier.

• Don’t overbuy: The scenario is similar to buying a luxury car where the monthly EMI equals your home loan payment. There is no point in purchasing a health insurance policy with benefits which are unlikely to be used at a high and unviable cost. For relatively young and healthy individuals, a policy with a high deductible is more suitable. Deductibles are the amount paid by insurers before certain benefits kick in. A plan with a decent deductible will cost considerably less per month and could save money in the long run.

• Walk through several plans: It is always advisable to go through several plans. In the process, benefits associated with different health insurance plans can be reviewed and analyzed for better decision making. At first glance, some plans may look appealing. Later, the same plan turns out to be a costly affair due to cost sharing arrangement. The burden of medical cost in the future will be a big headache. Hence, going through and analyzing several plans is the best way forward.

• Co-insurance and co-payments: Several health insurance plans require the holder to contribute to the coverage payments. The contribution is called co-insurance and is the portion the customer has to pay after deductible. A co-pay is a flat fee one has to pay while paying a visit to a doctor or specialist. While choosing a personal health insurance policy, consumers should look into co-insurance and co-payments factors.

• Reputation matters: After identifying the price and need of the plan, reputation of the company should also be in the reckoning. Ideally, a company with a long haul in the market should be trusted and relied upon. There are many ways to assess the standing of insurance companies and their health insurance policies.

Source by Amar N Tyagi

The skyrocketing medical expenses, make health insurance plans very essential. When you have an insurance plan, you feel more secure because you are covered even in emergency medical situations. You do not have to start looking for money to get medical attention and you do not have to use the money you have to cater to the medical needs when you have a health insurance plan. There are so many health insurance providers today offering all sorts of plan and you therefore must know what features to look out for to get a plan that is most valuable for your medical needs.

1. Good room rent limits. This is an important feature when hospitalization is inevitable. A good health insurance plan should not have a maximum limit on the room rent so that you know this expense is well covered no matter how long you or a member of your family gets admitted in hospital. Such plans are however hard to find because most come with small percentages on maximum limits, they will pay for room rent. At least choose a reasonable percent to get better value from your plan.

2. Preexisting disease cover. A good plan should cover even pre-existing diseases you have before you buy your insurance plan. This is the best kind of policy because then you get the important medical care you need with the diseases compared to plans that do not include preexisting diseases in their plans. Choose a plan that covers the preexisting conditions and one that has a lower waiting period for claims on the same.

3. Impressive hospital network. When getting a health insurance plan, a good one is the one that makes it possible for you to get medical help from a number of hospitals. Such an impressive hospital network ensures that you get help as soon as you need it and from a hospital nearest to you. Choose a plan that directly ties you up with the good hospitals within your locality to enjoy better delivery of services. Cashless facilities are best because you won’t have to go through the process of filing for reimbursements.

4. High no claim bonuses. The truth is that you will not always make claims on your health insurance. For this reason, a good plan should offer you no claim bonuses when no claims are made. It affects the sum assured by the next renewal, but you definitely want to choose a policy that offers you high no claim bonus, so you get better value for your money even when you do not end up laying claim.

5. Least exclusions. A good health insurance plan should cover most of your health needs. There is always an exclusive section of the policies and unfortunately most people forget to go through it before taking up the policies. Ensure you check the section out and select a plan that has the least number of exclusions to help you relax knowing that it has you covered for most health issues.

Source by Jovia D’Souza

Health is Wealth, if you have it you should take care of it because pretty much it is a deciding factor in having an enjoyable life. Life as we know is full of surprises. Health as a facet of life has a number of factors to consider. A good health now is no guarantee of a good health later.

As much as we would want to be healthy, we really do not have total control over it. We would like to think that we really are in control, and to a certain extent we do have control.

We have control in the sense that we can decide what to eat, what activities to do, the kind of lifestyle we would like to live and the type of environment that we would like to live in. When we talk about these things definitely we have control, but as to what will happen to us in the future is really beyond our control.

It is in this light that getting individual health insurance makes sense. To state briefly for early clarification and appreciation; an insurance is a means of indemnity against a future occurrence of an uncertain event. Since we are talking about health, then indemnity for reasons relating to health would be the main focus of the insurance.

There are a lot of insurance providers in the market today and that is to the advantage of the individual. If an individual has more options to choose from then the market becomes competitive and forever evolving. All of the providers certainly have their own strengths and offers that they are likely to push.

It is up to the individual there before to discern on what to get. Most of these providers would gladly give a free quote for the plan that you would ever choose. But before crossing that line, we have to understand the very nature of the need for it.

Here are a few guidelines in deciding to get individual health insurance before actually being quoted.

First of all, you must understand and know what you and your family need in terms of the health topic. Everything boils down really on this fact. This is provided to be the main reason why you are even getting health insurance. Of course you should primarily look at your family's medical records and medical requirements.

Second, you have to know what the market has to offer. To simply put it, you have to look around. If you want to get the best of looking around, then you have to put in more time in finding. This is the only way for you to get the best that any provider can offer.

Thirdly, ask for a free quotation. Having known what you need and pair that with the best offer a particular insurance provider can offer, and then seek for their assessment or evaluation.

Lastly, having diligently done steps 1-3 then the final and most important step now is to enroll or get the plan. Doing this culminates actions 1-3 and therefore makes you insured.

Source by Chaitanya Rane

Health insurance is a form of insurance where the insurance company pays the medical costs of the insured person in cases the insured becomes sick due to covered causes of the insurance policy, or due to accidents.

To get the best health insurance policy, it is necessary to evaluate the health insurance company and its affiliate health care network. The first thing that has to be done is to get free quotes from different health insurance companies. This is easily available on the Internet, wherein you fill in some details to get your health insurance quote. Another thing that has to be taken into consideration is the health insurance company's financial ratios. This gives us the financial strength of the health insurance company, and if it is capable of clearing claims made to the company. The ratings can be found out though free resources like Moody's, AM Best and Weiss and eHealthInsurance, which are all found on the Internet.

Next, check the employment and educational histories of the doctors associated with the health insurance company. Trusting the doctors and feeling content with the care you receive from the health insurance company is invaluable. Customer satisfaction is another criterion for choosing the right health insurance company. The health insurance company should respond quickly to your requests and questions. Information on patient satisfaction with a health insurance company is difficult to come by and may have to be paid for.

There are two types of health insurance companies: group health insurance companies and individual health insurance companies. The group health insurance companies handle health insurance for large groups of people, like the employees of a company. The individual health insurance companies handle health insurance for self-employed people and professionals.

Source by Kent Pinkerton

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