Finding the right type of insurance coverage is not always easy. In many cases, the easy solution is allowing a company to provide health insurance and paying the amount required by the company. The problem is that company options are limited and sometimes it might not be the most cost effective solution available.
The cost of health insurance is variable. In some cases, the company will offer a lower cost for coverage than a private insurance option. Others will find that the company coverage is actually higher than the options Continue reading
If you’re looking to compare rates for home and auto insurance, you can visit http://www.insurancetown.com/insurance-companies.html to compare rates from multiple providers.
However, things can be a little bit trickier when it comes to health insurance. If health insurance were cheap and easy to get, there wouldn’t be more than 40 million Americans without it. If you can’t sign on with the health insurance provided by your employer or you are self-employed, you’ll be forced to find a policy on your own.
While there is no tried-and-true way to navigate through the seemingly endless maze of providers, policies and coverage, there are ways to find an affordable healthcare plan.
One way to do this is to hire a health insurance broker, who can help you find a plan that best suits your needs. Visit the National Association of Health Underwriters website (nahu.org) or Angie’s List (angieslist.com) to find a broker in your area.
You can also purchase a fee-for-service healthcare plan and pay the provider for each service rendered, rather than pay monthly premiums. This type of coverage allows you to choose what doctors and hospitals what you want to use, but there is a substantial out-of-pocket cost for this type of plan.
Most people, however, choose to purchase a plan from a preferred provider organization (PPO). PPOs give you a network of doctors to choose from, and if you visit a doctor on that list, your co-pay will be low.
Whatever you do, make sure you shop around, compare multiple policies, and, when in doubt, speak to an expert.
Remember, insurance companies are private enterprises that are strictly governed by state and national laws, and they still must find a way to underwrite policies and make a sustained profit.
Corporate employers, in concert with insurance providers, offer 1-2 month periods (usually at the end of the calandar year) for employee open enrollment. This period allows the company to gather as many potential policy holders together in a “co-op” type of insurance purchase that generally works out to be a better deal Continue reading
The choice of picking your spouse’s or the company’s health insurance comes with several advantages and disadvantages. Because of this going with one over the other is not an easy decision to make. Use these key factors as guidelines to make your decision solid.
1. Figure out which one is the better deal. Compare each premium and if there will be savings if one attaches his or herself to the other’s insurance. Other things to consider during the evaluation are the emergency-care options, in-network specialists, policy limitations and policy exemptions in both plans.
2. Take customer service experiences to heart. Continue reading
Most people get their insurance from their employer. While there are options that allow people to purchase insurance individually, they are usually much more expensive than employee provided plans. Therefore, most companies provide health insurance to their employees as a way to attract the most qualified individuals.
The way that companies find health insurance for their employees is by contacting several health insurance providers in the state that they are based out of. These companies provide information, such as how many employees they have, what type of insurance they are seeking and what Continue reading
Things you should do now in preperation for Open Enrollment 2012
With the Open Enrollment soon to come for the 2012 insurance adjusters year, their are many things that you can do to help with the process. Be sure to have all information correct, gather new information for new members, and double check yourself.
When Open Enrollment comes near having your information correct saves a ton of time. Make sure all addresses, phone numbers, social security numbers, Continue reading
Long term health insurance is normally purchased by adults who donâ€™t want to be a burden to their children when they are no longer able to take care of themselves. It is purchased with the intent to protect their children. A long term health policy is needed to pay for assisted living, nursing homes, or even nursing care in your own home. This type of life insurance policy is needed when you find yourself disabled or not able to take care of yourself. This policy allows Continue reading
Long-term insurance, in addition to Medical, homeowners and auto insurance can be challenging to incorporate. Especially, when considering the cost of adding additional insurance to your monthly budget. Prior to delaying the purchase of long term insurance it is important to consider the impact of life expectancy. As life expectancy increases, the need for long term care and assisted living also rises.
When considering when to purchase long-term insurance age is the primary factor. This type of insurance is often categorized as an option available only for older individuals. However, this may be the primary factor why the insurance Continue reading
Health Savings Accounts (HSAs) and Flexible Savings Accounts (FSAs) are great benefits designed to save money in federal taxes while allocating dollars for medical expenses. One major benefit of an HSA is the money in the account rolls over from year to year. Conversely an FSA has a use it or lose it clause. This means once you have set aside a specific amount of money in your FSA you need to use all funds by the Continue reading
Many families today are looking for ways to save money and stretch their budget farther. Healthcare can be one area where a lot of money is spent, and as a consumer you do not have much control over how much you spent. There is not much opportunity for price comparison when it comes to healthcare. A family can, however, consider adding a healthcare spending account along with a health insurance plan to increase how far their hard earned dollars Continue reading