Health Insurance

Health insurance is important for individuals and many employers offer private health insurance to their employees

Health Insurance

Health insurance is important for individuals and many employers offer private health insurance to their employees

Aug

15

Last Call For Your Health Insurance – Deadline March 31, 2014

All good things come to an end, right? It has been a long time coming. The legacy health care reform, also known as ‘Obamacare’, open enrollment period is about to come to an end. If you do not make a decision before it closes, “You snooze, you lose”. You will have to wait until the next open enrollment period to select a plan. Oh wait… You will have to pay a tax penalty as well. Whoa! Life is too precious to have it become miserable and financially devastating over a $25,000 surgery bill from the hospital. Or maybe even take your kid to the emergency room only to receive a [...]

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Jul

16

The 5 W’s of Marketplace Health Insurance

Knowledge based on the 5W’s of marketplace health insurance should serve as a reliable foundation for understanding and choosing coverage which meets the qualifications of the Obama health plan. The 5W’s stand for what, why, who, when and where. What is marketplace health insurance? Marketplace health insurance is coverage obtained through one of the governmental health insurance exchanges which provides a minimum standard of benefits known as the essential health benefits as specified by the Patient Protection and Affordable Care Act, referred to by many as ObamaCare. The plans are sold by private insurance companies and generally are HMO and PPO plans. Each plan has a metal designation of bronze, [...]

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Jun

16

Health Insurance

Nothing is more precious to us than having good health. Everyday people are getting more aware of the importance of having good health in order to be able to l8ive life to the fullest. But as the saying goes nothing is certain in this world, we will always have uncertainties and surprises good or bad in our life. We do get sick once in a while flu or even some major illness, or get ourselves involve in accidents. What ever the case may be these events when they happen to us could deplete our savings or even push us to bankruptcy. With the rising cost of hospital fees, laboratories and [...]

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May

17

Private Health Insurance – The Basics

Health insurance is important for individuals and many employers offer private health insurance to their employees. Usually group health insurance is available at an affordable cost than individual insurance when you look at the premiums individually per person. You can also include your family members in the group plan. If you change your job and want to continue with your private health insurance, you can do so as a group leaver on continuation of cover to an individual policy in your name with the same insurance company. However, your premium will be more expensive on an individual health insurance policy. Of course, there is the option to use the NHS, [...]

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Apr

15

Health Insurance Portability Offers Freedom To Switch to New Health Insurer

Many individuals prefer to buy a comprehensive health insurance policy for the family as it is a perfect solution for family heath protection. Insurance planners design plans to cover the expensive medical bills incurred during hospitalization. Sometimes, the policy buyers are unable to enjoy the claims specified in the plan due to many reasons. They can now switch to a better insurer who keeps its promise. Switching insurers does not mean that you will lose the benefits of your existing policy. Under the health insurance portability, the policyholder is able to switch to a new insurer without losing the benefits of his or her current policy. Health Insurance Portability General [...]

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Mar

14

Advantages of Having Health Insurance

Health insurance has already been with us for hundreds of years and the kinds and forms of insurance have evolved, including private health insurance. In many countries worldwide, a national form of insurance or socialized care for their citizens is given. However, there are also many countries worldwide where there is no socialized health care insurance given to their people. In these countries, people can get their own insurance coverage from private health care providers on their own or through their individual employers. Private employees who get their insurance from their employers can have possibilities of availing of insurance coverage at lesser costs. The Cost of an Ordinary Health Insurance [...]

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Feb

11

Health Insurance Terminology for the 99%

I’ve had some interesting conversations this past week and wanted to take a step back to discuss health insurance in general. I’m slowly learning that the vocabulary regarding health insurance is very foreign to some folks and they are having difficulty understanding the terms that are used. I want to take this opportunity to educate folks on some of the basics and how it pertains to you, the consumer. So lets start off with the basics of insurance terminology in its most simple form- in regards to how it plays out in the medical world. Premium- this is the amount of money you pay to have health insurance (your safety [...]

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Jan

12

How Does Health Insurance Help in Tax Saving?

Health plans provide us with a way to make sure that we have the finances to ensure that we are not left struggling to pay the bills for any health costs that may arise. In India you can invest in both individual health insurance as well as family floater plans. But people invest in these plans for more than just the medical benefits they provide. They allow you to partake in a cashless network of hospitals and they deal with the administration in order to reduce your burden as far as possible. But one of the biggest benefits of health insurance is the tax benefit that it provides. Many people, [...]

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Dec

13

Secondary Health Insurance Coverage – How to Get the Best Rates

Secondary health insurance plans provide additional coverage to families who have access to more than one insurance policy. Take the example of a married couple who both have coverage available through their employers. They may each choose to have their primary coverage through their respective employers, with the policy from their spouse’s employer serving as secondary coverage. Another option is for the both spouses to select one insurance policy as primary and the other one as secondary. In this case, they might choose the policy that offers better coverage or has been in effect longer to be the primary policy. Why Buy Secondary Coverage? Even with a secondary health insurance [...]

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