Thursday 13 October 2011
Affordable Health And Dental Insurance - Does It Pay To Stay Loyal To An Insurer?
By Chimezirim Chinecherem Odimba
Affordable health and dental insurance: Staying loyal to one insurer for any considerable length of time will almost always result in savings. Staying with the same insurance company for at least three years will get you special discounts from many insurers.
Staying longer will result in bigger discounts. But sometimes it is wiser to leave for another insurance company if want you're after is affordable health and dental insurance.
Let us say, for example, that you will get a 5% (or $120) discount after your third year with an insurer where you current health insurance rate is $2,400.
However, due to rising costs of health care and inflation, insurance companies may have to make adjustments in their rates to reflect changes. But if you are someone who does routine shopping for affordable health and dental insurance you'll very likely get an insurer within those years of waiting who'll give you comparable coverage for less.
If this is true about you then you know it's wise for you to go for the better offer right away and not wait for years to qualify for a discount that won't even save you as much. And, in most cases, most folks can actually pay a lot less than they are doing currently on health and dental insurance if they do extensive shopping.
There are over 2,000 insurance carriers in the US and a good number of these also provide health insurance. Add to this fact that each insurer has its own unique rate for each profile and coverage amount and you'll understand that there is almost always an insurer out there who'll give you the same coverage for a lot less. You can easily lower your health and dental insurance rates by up to 50% depending on your profile and preferred coverage type.
Considering the process of getting and comparing health insurance quotes takes just minutes I'll wonder why you won't do that now and get more affordable health and dental insurance rates straight away.
Staying longer will result in bigger discounts. But sometimes it is wiser to leave for another insurance company if want you're after is affordable health and dental insurance.
Let us say, for example, that you will get a 5% (or $120) discount after your third year with an insurer where you current health insurance rate is $2,400.
However, due to rising costs of health care and inflation, insurance companies may have to make adjustments in their rates to reflect changes. But if you are someone who does routine shopping for affordable health and dental insurance you'll very likely get an insurer within those years of waiting who'll give you comparable coverage for less.
If this is true about you then you know it's wise for you to go for the better offer right away and not wait for years to qualify for a discount that won't even save you as much. And, in most cases, most folks can actually pay a lot less than they are doing currently on health and dental insurance if they do extensive shopping.
There are over 2,000 insurance carriers in the US and a good number of these also provide health insurance. Add to this fact that each insurer has its own unique rate for each profile and coverage amount and you'll understand that there is almost always an insurer out there who'll give you the same coverage for a lot less. You can easily lower your health and dental insurance rates by up to 50% depending on your profile and preferred coverage type.
Considering the process of getting and comparing health insurance quotes takes just minutes I'll wonder why you won't do that now and get more affordable health and dental insurance rates straight away.
Get your health insurance quotes now from reputable insurance companies here...
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Free Health Insurance Quotes From Hometown [http://you-can-internet-marketing-tips.com/personal-insurance/Health-Insurance-Quotes/Hometown]
Chimezirim Odimba writes on health insurance.
Article Source: http://EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba Quick And Free Health Insurance Quotes [http://you-can-internet-marketing-tips.com/personal-insurance/Health-Insurance-Quotes/Insureme/]
Free Health Insurance Quotes From Hometown [http://you-can-internet-marketing-tips.com/personal-insurance/Health-Insurance-Quotes/Hometown]
Chimezirim Odimba writes on health insurance.
Travel Health And Car Insurance And Why You Need It
By Jack Clarke
You might be someone who travels occasionally on business. Or you might have a normal schedule of traveling with work or studies. Whichever situation describes you, an essential aspect you will have to consider is insurance while you travel.
Trips can be very unpredictable and you'll not know what will happen one phase to another. You will have to be ready should there be some emergency situation, or in the event you require medical assistance. Some outings aren't advised for individuals of a certain age range if they have health problems, in most of those instances getting travel insurance coverage is very important.
Travel medical health insurance provides coverage across a multitude of situations. You can try lots of different plans available and find out which one suits your financial budget as well as your needs.
You may also evaluate which kind of travel car and health coverage you'll need in your trip. Drivers looking for an international policy will also be able to locate cheap car insurance as well.
You will get multiple quotes online by a single click and can then compare the different costs involved. You are able to make certain that you will get covered for that costs active in the trip, that you will get covered for just about any delay that might perhaps cause you to add more days to your accommodations and much more.
You may also make certain that you're covered in case of there being an emergency evacuation whereby you may also get air lifted from the place. Make certain that whatsoever occurs, there's complete details about your location with someone in your area to ensure that they are able to get help for anyone who is not able to communicate.
Whenever you take a look at options in travel insurance, you need to make certain you read reviews by other vacationers on different websites. You can observe what other individuals who've gone on similar packages and tours have observed.
For those who have any sort of conditions that require medication or attention from the medical expert, you need to ensure that you can get the medications and also the doctor's consultation covered, even when you might have to pay some extra.
It might be much better than needing to cover the expense alone inside a destination in which the costs can be really various, and might be way too high. Travel medical health or auto insurance can also be offered at different price ranges for individuals of various ages, as well as the locations traveled to.
Make certain you educate yourself well on travel insurance coverage so that you are able to negotiate on the best deal that you possibly can.
Trips can be very unpredictable and you'll not know what will happen one phase to another. You will have to be ready should there be some emergency situation, or in the event you require medical assistance. Some outings aren't advised for individuals of a certain age range if they have health problems, in most of those instances getting travel insurance coverage is very important.
Travel medical health insurance provides coverage across a multitude of situations. You can try lots of different plans available and find out which one suits your financial budget as well as your needs.
You may also evaluate which kind of travel car and health coverage you'll need in your trip. Drivers looking for an international policy will also be able to locate cheap car insurance as well.
You will get multiple quotes online by a single click and can then compare the different costs involved. You are able to make certain that you will get covered for that costs active in the trip, that you will get covered for just about any delay that might perhaps cause you to add more days to your accommodations and much more.
You may also make certain that you're covered in case of there being an emergency evacuation whereby you may also get air lifted from the place. Make certain that whatsoever occurs, there's complete details about your location with someone in your area to ensure that they are able to get help for anyone who is not able to communicate.
Whenever you take a look at options in travel insurance, you need to make certain you read reviews by other vacationers on different websites. You can observe what other individuals who've gone on similar packages and tours have observed.
For those who have any sort of conditions that require medication or attention from the medical expert, you need to ensure that you can get the medications and also the doctor's consultation covered, even when you might have to pay some extra.
It might be much better than needing to cover the expense alone inside a destination in which the costs can be really various, and might be way too high. Travel medical health or auto insurance can also be offered at different price ranges for individuals of various ages, as well as the locations traveled to.
Make certain you educate yourself well on travel insurance coverage so that you are able to negotiate on the best deal that you possibly can.
For more details on travel and auto insurance, please visit cheap car insurance for the latest news and information
Article Source: http://EzineArticles.com/?expert=Jack_Clarke Health and Human Services Insurance Coverage
By Jane Muder
Like most business, health and human services organizations, social service agencies, and other non-profit organizations must purchase basic insurance packages in order to operate legally and effectively. Some of the insurance packages a human services agency or non-profit organization will purchase are common to all businesses: worker's compensation, umbrella insurance, and business insurance. However, the non-profit nature of health and human services agencies, combined with the special coverage needs specific to these agencies' staff and the populations they serve, will often require specialized insurance coverages and targeted choices in insurance brokers.
Directors and Officers Insurance Coverage
Most health and human services and non-profit organizations will require Directors and Officers Liability Insurance, or "D&O insurance." The very nature of non-profit and social services jobs - services done for the public good, and often, specifically for at-risk, under-served, or challenging populations -- makes lawsuits against directors distinct possibilities, because of their daily agency duties and roles. D&O insurance provides coverage for non-profit or social service agency directors if they are sued for job-related activities or conduct.
As in the for-profit world, harassment lawsuits and discrimination grievances are prevalent in non-profit organizations. These types of lawsuits pose some of the greatest threats possible to non-profit and human service organizations: actions brought against directors and officers present great financial risks to agency boards or investors. In the event that a suit is brought against a social service agency director or officer, a D&O insurance coverage program drastically lowers the risk that any one board member will lose his or her personal assets as the result of a lawsuit. This type of insurance protection is so important that D&O is a standard requirement when assembling a board of directors.
D&O insurance plays several other important roles in a non-profit or health and human services organization. It can protect an organization in the event that a director or officer inadvertently releases classified or proprietary company information in good faith. This type of insurance can also protect the company in the event of a questionable hiring, termination, or promotional decision. Directors and Officers Liability Insurance is also beneficial in suits regarding how the non-profit manages its investment portfolio(s) and can be an asset in "conflict of interest" legal charges brought against the non-profit.
Unemployment Insurance
Most for-profit companies pay a certain premium percentage each month for unemployment insurance, an essential type of coverage that is legally mandated in order to own or operate a business. In the for-profit world, each time a former worker successfully files for unemployment compensation, the unemployment insurance premiums and taxes for all employees go up. This is especially deleterious to small for-profit entities, because the smaller the company is, the higher the per-employee cost will jump.
Unlike their for-profit brothers, non-profit companies can pay state taxes only for unemployment claims that are actually paid out. It's an unfortunate truth that many social service agencies and non-profit organizations are unaware that they are eligible for tax reimbursements. Those health and human service organization employees who are responsible for unemployment benefits administration should consult with their unemployment insurance brokers to register as "reimbursing employers." Then, rather than paying excess taxes on social service unemployment claims, non-profit and social service agencies can use the money for the betterment of their organizations.
Employment Practices Liability Insurance
A cursory reading of the business section of the local newspaper will reveal that lawsuits against employers are common, even on the rise, depending upon the industry. Reasons for such suits can include, but are not limited to: sexual harassment; discrimination on the basis of race, faith, or sexual orientation; wrongful termination, and more. Employment Practices Liability Insurance (EPLI) provides non-profit and human service organizations with coverage in the event of lawsuits.
Other types of human service and non-profit insurance coverages
Many non-profits and human service agencies offer specialized care or community services. Food banks, for example, provide nourishment to those who cannot afford complete meals from their own means. Jewish community centers lend cultural programs, childcare, and often, fitness and recreational opportunities to both Jewish and secular populations. YMCA branches offer services ranging from temporary sheltering; to fitness opportunities and youth day camp, to job training and placement programs. Group homes might provide services for the frail elderly; the mentally ill, or adults with Down Syndrome. Accordingly, each non-profit must consider its risks carefully and purchase insurance accordingly. Coverage options range from child abduction liability to patient molestation and abuse coverage to insurance for clinic volunteers and helpers.
Before a non-profit or health and human services organization commits to any insurance package, however, they must consult with experienced insurance brokers to determine the coverage packages that are most suitable for specialized organizational needs.
Directors and Officers Insurance Coverage
Most health and human services and non-profit organizations will require Directors and Officers Liability Insurance, or "D&O insurance." The very nature of non-profit and social services jobs - services done for the public good, and often, specifically for at-risk, under-served, or challenging populations -- makes lawsuits against directors distinct possibilities, because of their daily agency duties and roles. D&O insurance provides coverage for non-profit or social service agency directors if they are sued for job-related activities or conduct.
As in the for-profit world, harassment lawsuits and discrimination grievances are prevalent in non-profit organizations. These types of lawsuits pose some of the greatest threats possible to non-profit and human service organizations: actions brought against directors and officers present great financial risks to agency boards or investors. In the event that a suit is brought against a social service agency director or officer, a D&O insurance coverage program drastically lowers the risk that any one board member will lose his or her personal assets as the result of a lawsuit. This type of insurance protection is so important that D&O is a standard requirement when assembling a board of directors.
D&O insurance plays several other important roles in a non-profit or health and human services organization. It can protect an organization in the event that a director or officer inadvertently releases classified or proprietary company information in good faith. This type of insurance can also protect the company in the event of a questionable hiring, termination, or promotional decision. Directors and Officers Liability Insurance is also beneficial in suits regarding how the non-profit manages its investment portfolio(s) and can be an asset in "conflict of interest" legal charges brought against the non-profit.
Unemployment Insurance
Most for-profit companies pay a certain premium percentage each month for unemployment insurance, an essential type of coverage that is legally mandated in order to own or operate a business. In the for-profit world, each time a former worker successfully files for unemployment compensation, the unemployment insurance premiums and taxes for all employees go up. This is especially deleterious to small for-profit entities, because the smaller the company is, the higher the per-employee cost will jump.
Unlike their for-profit brothers, non-profit companies can pay state taxes only for unemployment claims that are actually paid out. It's an unfortunate truth that many social service agencies and non-profit organizations are unaware that they are eligible for tax reimbursements. Those health and human service organization employees who are responsible for unemployment benefits administration should consult with their unemployment insurance brokers to register as "reimbursing employers." Then, rather than paying excess taxes on social service unemployment claims, non-profit and social service agencies can use the money for the betterment of their organizations.
Employment Practices Liability Insurance
A cursory reading of the business section of the local newspaper will reveal that lawsuits against employers are common, even on the rise, depending upon the industry. Reasons for such suits can include, but are not limited to: sexual harassment; discrimination on the basis of race, faith, or sexual orientation; wrongful termination, and more. Employment Practices Liability Insurance (EPLI) provides non-profit and human service organizations with coverage in the event of lawsuits.
Other types of human service and non-profit insurance coverages
Many non-profits and human service agencies offer specialized care or community services. Food banks, for example, provide nourishment to those who cannot afford complete meals from their own means. Jewish community centers lend cultural programs, childcare, and often, fitness and recreational opportunities to both Jewish and secular populations. YMCA branches offer services ranging from temporary sheltering; to fitness opportunities and youth day camp, to job training and placement programs. Group homes might provide services for the frail elderly; the mentally ill, or adults with Down Syndrome. Accordingly, each non-profit must consider its risks carefully and purchase insurance accordingly. Coverage options range from child abduction liability to patient molestation and abuse coverage to insurance for clinic volunteers and helpers.
Before a non-profit or health and human services organization commits to any insurance package, however, they must consult with experienced insurance brokers to determine the coverage packages that are most suitable for specialized organizational needs.
Allied Insurance Brokers provides risk management strategies and insurance for health and human services, social service agencies, and other non-profits. The company offers other specialized packages and agent and broker insurance services, as well. For more information, visit the company's Web site, www.alliedinsbrokers.com.
Article Source: http://EzineArticles.com/?expert=Jane_Muder Health and Dental Insurance
By Jennifer Bailey
Think of the word 'health insurance' and the idea formed in your mind is of covering serious diseases through insurance plans. Yet dental insurance, in many ways, is different from health insurance.
Health insurance plans usually provide coverage for serious diseases that by their very nature can be unpredictable and catastrophic. Medical treatment can be extremely expensive and a purchased individual health insurance plan can help relieve tension to some extent. This is not say that health insurance plans do not cover routine check-ups and common ailments. The point is that even if companies provide group insurance plans, it is better to safeguard yourself for the future. Most plans provide limited coverage and if you decide to opt for the ones with greater benefits, the cost factor might become an issue.
This is a situation that calls for utmost discretion and it is for you to perform the balancing act between cost and coverage- you cannot go beyond the budget, but good health too is of utmost importance.
Dental insurance is different from health insurance in that the dental problems are neither unpredictable nor catastrophic. Most dental treatment is preventive by the nature and good hygiene, to a large extent, can prove to be a panacea for your dental ailments.
That said, dental insurance is cheaper than health insurance. The reason for this again lies in the difference in the seriousness of diseases. Visiting charges to a dentist can prove to be cheaper than the monthly premiums paid for a dental coverage policies. This is why there are fewer companies in the market providing dental insurance as compared to those selling health insurance policies.
Most companies provide group dental insurance coverage to their employees as a major perk to keep their employees happy. Because of the large number of employees, the insurance companies are able to provide greater coverage at reduced rates. People with group dental insurance plans do not require additional individual dental coverage.
This is not so with health insurance. Even if the company provides medical coverage, buying individual health insurance is a safer option that will prove beneficial in the long run.
Health insurance plans usually provide coverage for serious diseases that by their very nature can be unpredictable and catastrophic. Medical treatment can be extremely expensive and a purchased individual health insurance plan can help relieve tension to some extent. This is not say that health insurance plans do not cover routine check-ups and common ailments. The point is that even if companies provide group insurance plans, it is better to safeguard yourself for the future. Most plans provide limited coverage and if you decide to opt for the ones with greater benefits, the cost factor might become an issue.
This is a situation that calls for utmost discretion and it is for you to perform the balancing act between cost and coverage- you cannot go beyond the budget, but good health too is of utmost importance.
Dental insurance is different from health insurance in that the dental problems are neither unpredictable nor catastrophic. Most dental treatment is preventive by the nature and good hygiene, to a large extent, can prove to be a panacea for your dental ailments.
That said, dental insurance is cheaper than health insurance. The reason for this again lies in the difference in the seriousness of diseases. Visiting charges to a dentist can prove to be cheaper than the monthly premiums paid for a dental coverage policies. This is why there are fewer companies in the market providing dental insurance as compared to those selling health insurance policies.
Most companies provide group dental insurance coverage to their employees as a major perk to keep their employees happy. Because of the large number of employees, the insurance companies are able to provide greater coverage at reduced rates. People with group dental insurance plans do not require additional individual dental coverage.
This is not so with health insurance. Even if the company provides medical coverage, buying individual health insurance is a safer option that will prove beneficial in the long run.
Dental Insurance [http://www.dentalinsurance-web.com] provides detailed information about dental insurance, dental insurance companies, and more. Dental Insurance is affiliated with Texas Health Insurance Companies [http://www.e-texashealthinsurance.com].
Article Source: http://EzineArticles.com/?expert=Jennifer_Bailey Self Employed Insurance - Health and Dental Coverage Plans
By Jason Clegg
Self employed insurance - whether medical or dental - is rarely cheap, at least when compared to employer-provided insurance plans. When starting a new small business or going out on your own, arranging for proper dental care and health care is a very important part of the process. Since solo professionals already have so much to think about and so many different hats to wear, this is often an overlooked area. Unfortunately, not making proper plans in the early stages can be very detrimental.
Why do so many small businesses fail every year? There are a lot of reasons, but perhaps the most important and most common is related to cash flow problems. And one of the major reasons behind cash flow failure or slow down is an inability to increase income over time. To take this one step further, I am sure you can imagine a number of reasons it could become difficult to increase income in a small business or a self employed operation.
Imagine that you are a self employed professional who is solely responsible for your ability to earn a living for you and to bring home the bacon to your family. Maybe you are a dentist. Well, what happens if you suddenly become very sick or temporarily disabled? Without you out on the front lines of your business, the income flow is going to slow down or come to a complete stop. Your ability to recover from an illness quickly is paramount to your success in a self employed venture.
Health insurance should not be your only area of concern. Dental care is very important as well as you will want to plan accordingly to care for your teeth - a very important component in any insurance coverage plan for the self-employed. Although there are a number of important factors to consider which may or may not make you a good candidate, most small business owners should secure quality health insurance, dental insurance, and even vision coverage if possible.
When you start looking at your options, use the World Wide Web first to make your research process easy and focused. Steer clear of websites that ask you for lots of personal information upfront and stick to focused articles that help you make sense of the rather confusing insurance terrain. With so many concepts to think about (HSA, Liability, Disability, Term Life, etc.) you will want to consult with experts before visiting a provider and researching prices and getting quotes.
Why do so many small businesses fail every year? There are a lot of reasons, but perhaps the most important and most common is related to cash flow problems. And one of the major reasons behind cash flow failure or slow down is an inability to increase income over time. To take this one step further, I am sure you can imagine a number of reasons it could become difficult to increase income in a small business or a self employed operation.
Imagine that you are a self employed professional who is solely responsible for your ability to earn a living for you and to bring home the bacon to your family. Maybe you are a dentist. Well, what happens if you suddenly become very sick or temporarily disabled? Without you out on the front lines of your business, the income flow is going to slow down or come to a complete stop. Your ability to recover from an illness quickly is paramount to your success in a self employed venture.
Health insurance should not be your only area of concern. Dental care is very important as well as you will want to plan accordingly to care for your teeth - a very important component in any insurance coverage plan for the self-employed. Although there are a number of important factors to consider which may or may not make you a good candidate, most small business owners should secure quality health insurance, dental insurance, and even vision coverage if possible.
When you start looking at your options, use the World Wide Web first to make your research process easy and focused. Steer clear of websites that ask you for lots of personal information upfront and stick to focused articles that help you make sense of the rather confusing insurance terrain. With so many concepts to think about (HSA, Liability, Disability, Term Life, etc.) you will want to consult with experts before visiting a provider and researching prices and getting quotes.
Dental insurance is one of the most overlooked coverage areas among solo professionals. Find out how to find the best rates and the best self employed dental plans today at http://Self-Employed-Insurance-Help.com free.
Article Source: http://EzineArticles.com/?expert=Jason_Clegg Women's Health and Affordable Health Insurance Care
By Simon Bukai
One of the few groups of individuals who will receive minor benefits from the passage of The Patient Protection and Affordable Care Act are females of all ages. Women's health issues are gaining in receiving the medical attention they have been requiring for decades. Women covered under an existing insurance plan will receive most of the necessary requirements. Other pregnant women without any insurance plan will be placed in a very difficult position.
This is just the way it has been for many decades. Today the trend is beginning to change. The insurance providers have considered pregnancy as a pre-existing condition. This was making it very difficult for women to receive the necessary health care to insure a safe pregnancy and a healthy outcome for the unborn child.
The lack of affordable health insurance meant the women had to pay out of pocket for every office visit, additional vitamins, and medication. Women also were required to make arrangements with the affiliated local hospital in order to make partial payments before the delivery of a child. This placed a heavy burden on the families during a time that was meant to be exciting.
Single pregnant women turned to the state funded insurance plans to receive help getting through the pregnancy. The affordable care act is offering women a chance to afford a health insurance policy through any of the health providers. This is because the health providers are no longer able to consider pregnancy as a pre-existing condition.
Understand that the low cost health insurance coverage for pre-existing conditions will begin in 2014 and is not in existence today. Pre-existing conditions have been eliminated from the health provider roles for children only at this time. It is important for all women during the childbearing years to be aware of this adjustment to medical care.
A new publicly funded program called The Pregnancy Assistance Fund is a new program designated for pregnant women regardless of being married or single. This program will be of assistance to all families with regard to health tips, education, and early childcare. This program for young women will help walk new mothers through the various stages leading up to the first day of Kindergarten.
The average monthly cost for health insurance will be designated to each pregnant mother based on a sliding scale. This is a method used to keep the cost for medical care at a minimum while providing quality health services.
Article Source: http://EzineArticles.com/?expert=Simon_Bukai This is just the way it has been for many decades. Today the trend is beginning to change. The insurance providers have considered pregnancy as a pre-existing condition. This was making it very difficult for women to receive the necessary health care to insure a safe pregnancy and a healthy outcome for the unborn child.
The lack of affordable health insurance meant the women had to pay out of pocket for every office visit, additional vitamins, and medication. Women also were required to make arrangements with the affiliated local hospital in order to make partial payments before the delivery of a child. This placed a heavy burden on the families during a time that was meant to be exciting.
Single pregnant women turned to the state funded insurance plans to receive help getting through the pregnancy. The affordable care act is offering women a chance to afford a health insurance policy through any of the health providers. This is because the health providers are no longer able to consider pregnancy as a pre-existing condition.
Understand that the low cost health insurance coverage for pre-existing conditions will begin in 2014 and is not in existence today. Pre-existing conditions have been eliminated from the health provider roles for children only at this time. It is important for all women during the childbearing years to be aware of this adjustment to medical care.
A new publicly funded program called The Pregnancy Assistance Fund is a new program designated for pregnant women regardless of being married or single. This program will be of assistance to all families with regard to health tips, education, and early childcare. This program for young women will help walk new mothers through the various stages leading up to the first day of Kindergarten.
The average monthly cost for health insurance will be designated to each pregnant mother based on a sliding scale. This is a method used to keep the cost for medical care at a minimum while providing quality health services.
Why You Need Health Insurance - Understanding the Importance of Health and Medical Insurance
By Jeremy Kong
Why is having health or medical insurance so important? There is certainly a misconception that medical insurance is only for the elderly and older folks. Many young adults and even some middle aged adults have this misconception that since they are still healthy and without any illness, they do not need this security blanket that a health insurance policy provides. Their argument is that the premiums are high and that they are not getting anything in return if they do not make use of the policy.
Perhaps, these people are ignorant or have not heard or read of young and healthy people who without any warning, suffer a health attack or succumb to cancer. This is not surprising considering the hectic lifestyle and the regular intake of unhealthy food in this fast moving world that we live in. In addition, unforeseen accidents, minor or major can happen anytime. Breaking an arm or a leg can happen anytime while playing basketball or football. In the tropics, many people young and old falls victims to dengue due to mosquito bites. Considering the rising cost of medical care, hospitalization, surgery and medicines, a visit to the hospitals for treatment can indeed set back your hard earned savings if you are not covered under a health insurance plan.
A well meaning financial planner will advise that a financial plan which would include managing your investment risks will not be complete without a comprehensive health and medical insurance policy with critical illness coverage and hospitalization and surgical (H&S) coverage. Indeed, a financial investment plan can be derail if one should suffer the tragedy of succumbing to any life threatening illness such as cancer, diabetes, etc causing the person to lose his job and income before the financial goal of his investment plan materialize. The cost of treatment which may be exorbitant from the hospital expenses and surgery needed would cause you to use up the emergency funds and in the worst scenario may require you to withdraw from investment program before it mature if a medical policy was not purchased earlier. One should realize that hospital treatment cost these days include not only surgery and medication but often diagnostic tests involving sophisticated equipments, physiotherapy, etc. hence, the rising exorbitant cost of medical treatment.
One reason why many people do not purchase a health and medical insurance is due to the opinion that their employers have already provided the medical coverage. They may not be aware that once they leave their company, the coverage will cease. Hence, they may be caught in a bind if they are terminated during an economic downturn. Premiums for this kind of policy are lower if you purchase coverage at a younger age and when you are still medically fit. Those who insure themselves when they are older and not medically fit may have to pay higher premiums or are subjected to certain exclusions. Older folks and those who have some form of illness will therefore find themselves in a very precarious position if they are terminated from their job and are without medical insurance.
In summary, having a health and medical insurance is important as a security blanket that you need to buy but hope never to have to use. A health plan will give you the necessary assurance that you have the finances when the need arises.
Perhaps, these people are ignorant or have not heard or read of young and healthy people who without any warning, suffer a health attack or succumb to cancer. This is not surprising considering the hectic lifestyle and the regular intake of unhealthy food in this fast moving world that we live in. In addition, unforeseen accidents, minor or major can happen anytime. Breaking an arm or a leg can happen anytime while playing basketball or football. In the tropics, many people young and old falls victims to dengue due to mosquito bites. Considering the rising cost of medical care, hospitalization, surgery and medicines, a visit to the hospitals for treatment can indeed set back your hard earned savings if you are not covered under a health insurance plan.
A well meaning financial planner will advise that a financial plan which would include managing your investment risks will not be complete without a comprehensive health and medical insurance policy with critical illness coverage and hospitalization and surgical (H&S) coverage. Indeed, a financial investment plan can be derail if one should suffer the tragedy of succumbing to any life threatening illness such as cancer, diabetes, etc causing the person to lose his job and income before the financial goal of his investment plan materialize. The cost of treatment which may be exorbitant from the hospital expenses and surgery needed would cause you to use up the emergency funds and in the worst scenario may require you to withdraw from investment program before it mature if a medical policy was not purchased earlier. One should realize that hospital treatment cost these days include not only surgery and medication but often diagnostic tests involving sophisticated equipments, physiotherapy, etc. hence, the rising exorbitant cost of medical treatment.
One reason why many people do not purchase a health and medical insurance is due to the opinion that their employers have already provided the medical coverage. They may not be aware that once they leave their company, the coverage will cease. Hence, they may be caught in a bind if they are terminated during an economic downturn. Premiums for this kind of policy are lower if you purchase coverage at a younger age and when you are still medically fit. Those who insure themselves when they are older and not medically fit may have to pay higher premiums or are subjected to certain exclusions. Older folks and those who have some form of illness will therefore find themselves in a very precarious position if they are terminated from their job and are without medical insurance.
In summary, having a health and medical insurance is important as a security blanket that you need to buy but hope never to have to use. A health plan will give you the necessary assurance that you have the finances when the need arises.
Medical Insurance is an essential element in Financial Planning. Check out the sites Financial Planning Guide and Insurance Planning for other articles on financial planning and insurance planning.
Article Source: http://EzineArticles.com/?expert=Jeremy_Kong Travel Health and Travel Insurance
By Mark V James
You probably have health insurance in Australia, right? So, shouldn't you make sure that your health and emergency medical costs are also covered when you travel abroad? Travel health insurance covers your medical costs when you travel overseas. Your Australian health cover and Medicare are unlikely to cover you for overseas travel and medical costs overseas can be a lot higher than those you are used to in Australia.
Even if you don't have regular health insurance at home, you should consider travellers' insurance to cover you for a medical emergency or accident. The reality is that even normally healthy people often get sick or even worse on holiday. Ever noticed how as soon as the pressure comes off and you get to relax, you come down with the flu or worse? Overseas holidays for Australians generally start with a reasonably long flight. Flying is a great way to pick up a disease before you even reach the resort's poolside bar!
Having arrived at your holiday destination, there is, of course, the usual risks of a climate you are not used to and local food - again, food poisoning is not just a cliché; it can result in a serious medical emergency if you get unlucky.
Often, your average holidaymaker gets into trouble when they go from a sedentary office job in real life to deep sea diving or skiing on holiday. It seems that we all feel invincible on holiday, and in some cases, the joy of the moment overcomes common sense safety precautions. Or our unfit body is just not up to our athletic ideals!
Plus, things do sometimes work differently overseas; for instance, how many tourists have ended up in the hospital because they forget, just for a minute, that they are driving on the wrong side of the road? It's particularly easy to forget if you hire a scooter, as is commonly done in the Pacific and some Asian countries. Scooters don't have an offset steering wheel to remind you that you should be keeping right on the road!
Travel health insurance can help if the worst happens while you are overseas. For most people, it won't happen, but just because you have never had an accident or a serious illness at home doesn't mean it can't happen to you at some point. You should not assume that it can't happen to you on holiday - unfortunately, it can. Being ill or injured on holiday is bad enough, but you don't want to return home to a lifetime of debt to pay off the bills!
A good travel health insurance policy is a small price to pay for peace of mind. It will cover you not just for serious medical assistance, but also for English-speaking assistance if you need advice for a condition that is worrisome. Is it a bad cold or malaria? If the worst happens, it will pay for the MediVac home too. If that skiing accident resulted in a broken leg - you may need a first-class seat to get home - travel insurance will normally pay for that too.
Travelling is great fun generally, but sometimes, it's a bit tough on your health. That's why travel health insurance is a must have for your packing list.
Even if you don't have regular health insurance at home, you should consider travellers' insurance to cover you for a medical emergency or accident. The reality is that even normally healthy people often get sick or even worse on holiday. Ever noticed how as soon as the pressure comes off and you get to relax, you come down with the flu or worse? Overseas holidays for Australians generally start with a reasonably long flight. Flying is a great way to pick up a disease before you even reach the resort's poolside bar!
Having arrived at your holiday destination, there is, of course, the usual risks of a climate you are not used to and local food - again, food poisoning is not just a cliché; it can result in a serious medical emergency if you get unlucky.
Often, your average holidaymaker gets into trouble when they go from a sedentary office job in real life to deep sea diving or skiing on holiday. It seems that we all feel invincible on holiday, and in some cases, the joy of the moment overcomes common sense safety precautions. Or our unfit body is just not up to our athletic ideals!
Plus, things do sometimes work differently overseas; for instance, how many tourists have ended up in the hospital because they forget, just for a minute, that they are driving on the wrong side of the road? It's particularly easy to forget if you hire a scooter, as is commonly done in the Pacific and some Asian countries. Scooters don't have an offset steering wheel to remind you that you should be keeping right on the road!
Travel health insurance can help if the worst happens while you are overseas. For most people, it won't happen, but just because you have never had an accident or a serious illness at home doesn't mean it can't happen to you at some point. You should not assume that it can't happen to you on holiday - unfortunately, it can. Being ill or injured on holiday is bad enough, but you don't want to return home to a lifetime of debt to pay off the bills!
A good travel health insurance policy is a small price to pay for peace of mind. It will cover you not just for serious medical assistance, but also for English-speaking assistance if you need advice for a condition that is worrisome. Is it a bad cold or malaria? If the worst happens, it will pay for the MediVac home too. If that skiing accident resulted in a broken leg - you may need a first-class seat to get home - travel insurance will normally pay for that too.
Travelling is great fun generally, but sometimes, it's a bit tough on your health. That's why travel health insurance is a must have for your packing list.
Travel Insuranz offers travel insurance you can rely on with secure online transaction and instant email certificate. So all you need do is relax and enjoy your trip. For more information or a free quote, visit Travel Insurance.
Article Source: http://EzineArticles.com/?expert=Mark_V_James Finding American Health and Life Insurance Company Ratings
By Tim Gaffey
American health and life insurance company ratings are provided by many organizations that examine the firm's financial strength and security and give a ranking based on how sound their analysts find the company. These ratings can show the ability of the company to meet the obligations of the health and insurance policies they have written and the risk level of any financial instruments, such as bonds or securitization products that the company has issued.
A. M. Best Company, Inc is one of the rating agencies that evaluate insurance companies in the United States. They have 16 possible scores, ranging from A++ for companies deemed superior to F for those that are in liquidation and S for insurance companies that have been suspended from being rated. Standard and Poor's, Moody's and Fitch Ratings also do evaluations of insurance companies financials, however A. M. Best has historically specialized in American health and life insurance company ratings.
Most investors and industry analysts will look at ratings from all relevant firms when making a decision on whether or not to invest with a particular insurance company.
Some of the factors that go into determining the health of an insurance company are doing a thorough examination of the balance sheet, evaluating the performance of the businesses operation in comparison with other firms and an analysis of how the company is managed, including general managerial philosophies and written plans for the operation of the company.
The exact formula that each rating organization uses to determine the grade given is proprietary but all are looking to see if the insurance company has solid finances and good management practices.
A low rating given by one or more of these firms is a sign that an insurance company is in poor health and will discourage investors from continuing to buy their stocks and other financial instruments. If the company can not figure out a way to gain a high rating and restore investor and consumer confidence it might find itself unable to meet it's obligations to policyholders and bankruptcy and liquidation are possible outcomes. Consumers would be wise to check out the ratings agency scores for any insurance company before they buy a policy to protect their investment and to insure that their coverage needs will be met without delay or complication. This is particularly important for consumers looking to buy investment vehicles offered by many life insurance companies such as whole life insurance policies and annuities.
Ratings companies do not only evaluate corporations that are American. Health and Life insurance company ratings are determined for insurers all over the globe and are an important part of making sure that the insurance industry stays stable throughout the world.
A. M. Best Company, Inc is one of the rating agencies that evaluate insurance companies in the United States. They have 16 possible scores, ranging from A++ for companies deemed superior to F for those that are in liquidation and S for insurance companies that have been suspended from being rated. Standard and Poor's, Moody's and Fitch Ratings also do evaluations of insurance companies financials, however A. M. Best has historically specialized in American health and life insurance company ratings.
Most investors and industry analysts will look at ratings from all relevant firms when making a decision on whether or not to invest with a particular insurance company.
Some of the factors that go into determining the health of an insurance company are doing a thorough examination of the balance sheet, evaluating the performance of the businesses operation in comparison with other firms and an analysis of how the company is managed, including general managerial philosophies and written plans for the operation of the company.
The exact formula that each rating organization uses to determine the grade given is proprietary but all are looking to see if the insurance company has solid finances and good management practices.
A low rating given by one or more of these firms is a sign that an insurance company is in poor health and will discourage investors from continuing to buy their stocks and other financial instruments. If the company can not figure out a way to gain a high rating and restore investor and consumer confidence it might find itself unable to meet it's obligations to policyholders and bankruptcy and liquidation are possible outcomes. Consumers would be wise to check out the ratings agency scores for any insurance company before they buy a policy to protect their investment and to insure that their coverage needs will be met without delay or complication. This is particularly important for consumers looking to buy investment vehicles offered by many life insurance companies such as whole life insurance policies and annuities.
Ratings companies do not only evaluate corporations that are American. Health and Life insurance company ratings are determined for insurers all over the globe and are an important part of making sure that the insurance industry stays stable throughout the world.
Tim Gaffey writes about health related news at iHealth360, as well as the growing need in America for quality health insurance.
Article Source: http://EzineArticles.com/?expert=Tim_Gaffey
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