One of the most important things you can do as parents is to ensure the financial welfare of your children in the event of your death. life insurance is the best way to be rest assured that your children will be taken care of if you die. Although we never like to think of that kind of thing happening, but it does.
What is life insurance
Life insurance is a policy that you can enter with your insurance company, which promises a certain amount to your beneficiary(ies) in the event of your death. Usually, a spouse will name the other spouse as well as their children as beneficiaries of the policy. As part of the agreement with life insurance, your insurance policy will be a monetary value, that you will in return, pay a monthly premium for. Premiums usually depend on your age, gender, occupation, medical history and other factors.
There are other types of life insurance that may provide benefits for you and for your family while you are still living. These policies can accrue a cash value on a tax-deferred basis and can be used for future needs such as retirement or your child's education.
Do I Need life insurance
Earning an income allows you and your family to do many things. It pays for your mortgage, buys cars, food, clothing, vacations and many other luxuries that you and your family enjoy. However, certain situations can cause you to lose your income, and those who depend on you also depend on your income. If any of the following statements about you and your family are true, then it is probably a good idea for you to consider life insurance.
1) You are married and have a spouse.
2) You have children who are dependent on you.
3) You have a parent or relative who is aging, or disable and depends on you.
4) You have a loved one in your life that you wish to provide for.
5) Your 401K retirement plan, pension and savings aren't enough to insure your loved one's future.
What Are My life insurance Options
There are four basic types of life insurance that can meet you and your family's needs:
Term life insurance
This is the least expensive type of life insurance coverage, and at least at the beginning, the simplest. Term life insurance policies do not accrue cash value, and are fixed over an extended period of time - usually one to 0 years, and they can be renewed. This life insurance policy pays the beneficiary of your policy a fixed amount in the even that you die in the period of time that your policy includes. The premiums of term life insurance are lowest when you are young and increase as you get older
2007年11月29日星期四
The Importance of Travel Insurance
You've finally saved enough to go on that dream vacation you've been planning. Now you're wondering if you should buy travel insurance. Do I really need to go to the extra expense? All I can lose is my luggage, right?
Guess again! Anything can go wrong while you are traveling, and I strongly favor buying a policy.
Most travel insurance policies are designed for a variety of travel needs but, I emphatically advise reading the fine print of any policy you purchase regarding any deductibles and health situations. You many find your policy won't cover pre-existing conditions that may cause a problem, or that the medical coverage is only for an injury or an illness -- not both. For emergency aid, travel insurance polices are generally dependable and affordable, but there are still a myriad of gaps in the coverage provided.
You can find polices designed for almost any type of trip you may be planning, such as a single trip for hunting, backpacking, cruises, house rentals, and a host of others. But, the specific types and amounts of coverage you get depend on the policy you choose. It's important to remember that you will only be covered for what is specifically stated in your policy and for nothing else.
Most policies cover trip cancellation, lost baggage, medical, dental, and accidental death coverage. Other policies include emergency evacuation, 24 hour travel assistance, and trip or baggage delay. You may even find policies that include options for collision or damage to rented cars and Business conflicts. There are many options that can be covered, but you will have to ask.
The premiums for the policies are generally 5% to 7% the cost of your trip, but fees will vary depending on the your medical history and passengers ages. Many companies offer policies that will include coverage for children at no extra charge.
It is best not to buy your travel insurance from your tour operator. I've listed a few reasons why it may be better to purchase through an insurance company separately.
Most travel insurance policies offered by the operator are less flexible to your individual needs;
Provide a lower amount of coverage;
May only cover a portion of the trip;
Your coverage may be secondary and the insurance will only pay for what you own private health or Homeowner's insurance does not cover;
May duplicate coverage you already have;
In the event the tour operator liquidates and goes belly up, you would lose not only your trip, but also your premium.
Many travel agents are not fully knowledgeable when it comes to understanding the details of various travel insurance policies and may overlook something that could be important to you or your family and few offer suggestions. Buying travel insurance may be less expensive purchasing through your tour operator or cruise line, but for the reasons listed above, you should really check around.
If you do choose to buy your policy from your tour operator, be sure to use a credit card. Depending on the policy of the credit card issuer, you may be provided with protection against potential default of the operator.
When buying your policy from an insurance company:
Always get quotes from several companies
Ask if the plan is pre-packaged or if you can custom design your own
Can you waive the pre-existing condition exclusion
Ask if you are covered for cancellation due to a terrorist incident. Don't count of the company to provide information
Guess again! Anything can go wrong while you are traveling, and I strongly favor buying a policy.
Most travel insurance policies are designed for a variety of travel needs but, I emphatically advise reading the fine print of any policy you purchase regarding any deductibles and health situations. You many find your policy won't cover pre-existing conditions that may cause a problem, or that the medical coverage is only for an injury or an illness -- not both. For emergency aid, travel insurance polices are generally dependable and affordable, but there are still a myriad of gaps in the coverage provided.
You can find polices designed for almost any type of trip you may be planning, such as a single trip for hunting, backpacking, cruises, house rentals, and a host of others. But, the specific types and amounts of coverage you get depend on the policy you choose. It's important to remember that you will only be covered for what is specifically stated in your policy and for nothing else.
Most policies cover trip cancellation, lost baggage, medical, dental, and accidental death coverage. Other policies include emergency evacuation, 24 hour travel assistance, and trip or baggage delay. You may even find policies that include options for collision or damage to rented cars and Business conflicts. There are many options that can be covered, but you will have to ask.
The premiums for the policies are generally 5% to 7% the cost of your trip, but fees will vary depending on the your medical history and passengers ages. Many companies offer policies that will include coverage for children at no extra charge.
It is best not to buy your travel insurance from your tour operator. I've listed a few reasons why it may be better to purchase through an insurance company separately.
Most travel insurance policies offered by the operator are less flexible to your individual needs;
Provide a lower amount of coverage;
May only cover a portion of the trip;
Your coverage may be secondary and the insurance will only pay for what you own private health or Homeowner's insurance does not cover;
May duplicate coverage you already have;
In the event the tour operator liquidates and goes belly up, you would lose not only your trip, but also your premium.
Many travel agents are not fully knowledgeable when it comes to understanding the details of various travel insurance policies and may overlook something that could be important to you or your family and few offer suggestions. Buying travel insurance may be less expensive purchasing through your tour operator or cruise line, but for the reasons listed above, you should really check around.
If you do choose to buy your policy from your tour operator, be sure to use a credit card. Depending on the policy of the credit card issuer, you may be provided with protection against potential default of the operator.
When buying your policy from an insurance company:
Always get quotes from several companies
Ask if the plan is pre-packaged or if you can custom design your own
Can you waive the pre-existing condition exclusion
Ask if you are covered for cancellation due to a terrorist incident. Don't count of the company to provide information
The Great Value Of Accident Photographs
You were humming along on a bright and sunny day when suddenly Fred Fuddle, a local character from a nearby town, drunk as a skunk and zooming along in his pickup, flew through stop sign crashing into the right front of your motor vehicle. You had no choice to avoid him. Now the time has come to settle your claim for property damage and personal injuries. Let's talk about photographs one of the basics that should have been taking place - - just as soon as possible - - after that impact had taken place.
PHOTOGRAPHS OF INJURIES: Photographs are often the best evidence you can produce to increase the value of your claim. If your accident causes bodily injuries that are visible (such as bruises, deep cuts, swellings, lacerations, dislocations and/or black and blue marks) it's crucial, to the ultimate settlement value of your case, that you have photographs taken of those just as soon as possible! Take them from 3 feet away and also as close as you can so as to capture the seriousness of heir existence. When you hand those to Adjuster I. M. Smart from the Granite insurance Company believe me when I tell you he'll stare at them and blanch!
Question: "How does Dan know this to be so"?
Answer: "Because for 38 years Dan was there and felt that"!
PHOTOGRAPHS OF BOTH VEHICLES: You should take photographs of the damages to your vehicle from several different angles. If at all possible find the motor vehicle that hit you and take photographs of that damage also. When it comes to proving the impact your body was subjected to (and in many cases to prove who was at fault) those photographs could one day be worth their weight in gold.
HOW TO TAKE PHOTOGRAPHS OF THE ACCIDENT SCENE: The pictures of each accident scene should be taken from at least three different angles: Snap several of a "general view" of the area from about 20 to 40 feet away; a couple more "medium range" shot's from 10 to 15 feet away, and then some "close up" shot's from 3 to 5 feet away. If it's at all possible all three different distances should have a common point or orientation. If, for example, you're snapping photographs of a skid mark, it should be taken from an angle so as to clearly show were that skid mark is, in relation to a landmark, like a street sign, a building, a fire hydrant, etc. Another photograph should then be taken with a closer view - - one clearly identifying the skid mark in detail - -and also, if possible, include this readily identifiable object or landmark (the street signs, building's, etc.).
Because they're such potent evidence you should blow up those photographs of the skid marks, taken from 3 to 6 feet away, into 8X10 glossies. A total of 12 to 15 photographs of the accident scene and/or the skid marks are not too many. When you hand copies of the 8X10 glossy photograph's of those skid marks to the adjuster, to help justify he payment he'll eventually make to you, it will absolutely increase the value of your claim.
"Why" you ask?
The answer to that one is, "Because it will tell both adjuster Smart and his supervisor (who, in the end, will usually call the shots on how much your settlement dollars should be) that you know what you're doing and you're not the type of individual who can be taken advantage of".
A WORD OF CAUTION: The individual engaged in the task of snapping photograph's of your body, the accident scene, etc., should be careful to make sure they're not undertaking this effort with a casual, hasty or careless attitude - - one that tends to leave it up to do the camera to do the thinking for them. Rather, the photographer ought to carefully consider the process the process slowly and seriously so that the photos produced will produce the maximum value.
If at all possible photos should be taken of the exact location on the road where the impact occurred, and shots of all relevant gouge and/or chop marks on the surface, plus traffic signs, etc., as applicable.
It cannot be emphasized enough that photographs of skid marks are invaluable evidence, since they can often indicate Fuddle's speed at the time of impact and can be a tremendous asset when it comes to establishing fault.
A good practice to follow is to make a brief notation on the backs of all photos, entering upon them a brief account of what the photo is showing, the date it was taken and by whom.
Photographs of injuries, the accident scene and the road surface if done correctly - - is money in the bank !
PHOTOGRAPHS OF INJURIES: Photographs are often the best evidence you can produce to increase the value of your claim. If your accident causes bodily injuries that are visible (such as bruises, deep cuts, swellings, lacerations, dislocations and/or black and blue marks) it's crucial, to the ultimate settlement value of your case, that you have photographs taken of those just as soon as possible! Take them from 3 feet away and also as close as you can so as to capture the seriousness of heir existence. When you hand those to Adjuster I. M. Smart from the Granite insurance Company believe me when I tell you he'll stare at them and blanch!
Question: "How does Dan know this to be so"?
Answer: "Because for 38 years Dan was there and felt that"!
PHOTOGRAPHS OF BOTH VEHICLES: You should take photographs of the damages to your vehicle from several different angles. If at all possible find the motor vehicle that hit you and take photographs of that damage also. When it comes to proving the impact your body was subjected to (and in many cases to prove who was at fault) those photographs could one day be worth their weight in gold.
HOW TO TAKE PHOTOGRAPHS OF THE ACCIDENT SCENE: The pictures of each accident scene should be taken from at least three different angles: Snap several of a "general view" of the area from about 20 to 40 feet away; a couple more "medium range" shot's from 10 to 15 feet away, and then some "close up" shot's from 3 to 5 feet away. If it's at all possible all three different distances should have a common point or orientation. If, for example, you're snapping photographs of a skid mark, it should be taken from an angle so as to clearly show were that skid mark is, in relation to a landmark, like a street sign, a building, a fire hydrant, etc. Another photograph should then be taken with a closer view - - one clearly identifying the skid mark in detail - -and also, if possible, include this readily identifiable object or landmark (the street signs, building's, etc.).
Because they're such potent evidence you should blow up those photographs of the skid marks, taken from 3 to 6 feet away, into 8X10 glossies. A total of 12 to 15 photographs of the accident scene and/or the skid marks are not too many. When you hand copies of the 8X10 glossy photograph's of those skid marks to the adjuster, to help justify he payment he'll eventually make to you, it will absolutely increase the value of your claim.
"Why" you ask?
The answer to that one is, "Because it will tell both adjuster Smart and his supervisor (who, in the end, will usually call the shots on how much your settlement dollars should be) that you know what you're doing and you're not the type of individual who can be taken advantage of".
A WORD OF CAUTION: The individual engaged in the task of snapping photograph's of your body, the accident scene, etc., should be careful to make sure they're not undertaking this effort with a casual, hasty or careless attitude - - one that tends to leave it up to do the camera to do the thinking for them. Rather, the photographer ought to carefully consider the process the process slowly and seriously so that the photos produced will produce the maximum value.
If at all possible photos should be taken of the exact location on the road where the impact occurred, and shots of all relevant gouge and/or chop marks on the surface, plus traffic signs, etc., as applicable.
It cannot be emphasized enough that photographs of skid marks are invaluable evidence, since they can often indicate Fuddle's speed at the time of impact and can be a tremendous asset when it comes to establishing fault.
A good practice to follow is to make a brief notation on the backs of all photos, entering upon them a brief account of what the photo is showing, the date it was taken and by whom.
Photographs of injuries, the accident scene and the road surface if done correctly - - is money in the bank !
Life Insurance: Who Needs It And How Much Do You Need?
Your friendly, neighborhood life insurance agent is most likely to answer this question with the word "everybody."
The fact is, not everybody does need life insurance. If you don't have a family, you probably don't need life insurance unless, of course, you're a really nice person and just want to leave some money to a friend or a charity.
If you do have a family, the question isn't do you need life insurance. The question is how much do you need?
A life insurance sales representative may want you to apply some kind of formula. In years gone by, he or she might have told you that you need to buy insurance equal to four times your annual salary. So, if your annual salary is $50,000, you might have been told you need at least a $200,000 policy. Today, the same agent might tell you that you need eight times your annual salary or a $400,000 policy.
In most cases, this is probably too simplistic an approach, as it tends to assume that you are your family's sole provider.
Today, there are a number of other factors that should be taken into consideration. Does your spouse work or is he/she a stay-at-Home mom or dad? Are you a single mother or father? And where does that put you? How old are your children? Will your surviving spouse be raising kids for three years or 15? If your spouse works, how much does he or she earn? If something should happen to you, is there family nearby that could help raise your kids or is the nearest family 1,000 miles away?
Let's take a hypothetical example. Jim W. is 45 years old, earns $75,000 a year and has two kids age 15 and 17. Jim's wife, Martha is 43 and earns $50,000 a year. Jim and Martha believe their kids are college material. How much life insurance does Jim need? Let's assume $25,000 a year times the two boys, times four years. That's $200,000. Jim also wants to make sure Martha lives comfortably for the rest of her working life and figures she'll need an additional $25,000 a year to do this. Multiply this $25,000 by 22 and that's $550,000. Add this to the cost of the boys' college, and Jim needs at least a $750,000 life insurance policy ... and that doesn't include anything for Martha's retirement!
Now, compare this to Beth who is the single mother of a boy, Robbie, age eight and a girl, Kinsey, age 12. How much insurance does Beth need? There's no spouse but if anything happens to her, the kids will go to her sister, and the sister will need financial help. So, assume $10,000 a year to the sister for 16 years -- $160,000 - plus college for the kids at $200,000. This adds up to a policy of maybe $360,000. See the difference that circumstances can make?
Before you purchase a policy, sit down and figure out who will need to be taken care of, for how long they will need the help and, realistically, what that help should consist of. If you die this should not be like winning the lottery for your survivors. Don't buy so much insurance that you will be really strapped for all those years before you pass on.
The fact is, not everybody does need life insurance. If you don't have a family, you probably don't need life insurance unless, of course, you're a really nice person and just want to leave some money to a friend or a charity.
If you do have a family, the question isn't do you need life insurance. The question is how much do you need?
A life insurance sales representative may want you to apply some kind of formula. In years gone by, he or she might have told you that you need to buy insurance equal to four times your annual salary. So, if your annual salary is $50,000, you might have been told you need at least a $200,000 policy. Today, the same agent might tell you that you need eight times your annual salary or a $400,000 policy.
In most cases, this is probably too simplistic an approach, as it tends to assume that you are your family's sole provider.
Today, there are a number of other factors that should be taken into consideration. Does your spouse work or is he/she a stay-at-Home mom or dad? Are you a single mother or father? And where does that put you? How old are your children? Will your surviving spouse be raising kids for three years or 15? If your spouse works, how much does he or she earn? If something should happen to you, is there family nearby that could help raise your kids or is the nearest family 1,000 miles away?
Let's take a hypothetical example. Jim W. is 45 years old, earns $75,000 a year and has two kids age 15 and 17. Jim's wife, Martha is 43 and earns $50,000 a year. Jim and Martha believe their kids are college material. How much life insurance does Jim need? Let's assume $25,000 a year times the two boys, times four years. That's $200,000. Jim also wants to make sure Martha lives comfortably for the rest of her working life and figures she'll need an additional $25,000 a year to do this. Multiply this $25,000 by 22 and that's $550,000. Add this to the cost of the boys' college, and Jim needs at least a $750,000 life insurance policy ... and that doesn't include anything for Martha's retirement!
Now, compare this to Beth who is the single mother of a boy, Robbie, age eight and a girl, Kinsey, age 12. How much insurance does Beth need? There's no spouse but if anything happens to her, the kids will go to her sister, and the sister will need financial help. So, assume $10,000 a year to the sister for 16 years -- $160,000 - plus college for the kids at $200,000. This adds up to a policy of maybe $360,000. See the difference that circumstances can make?
Before you purchase a policy, sit down and figure out who will need to be taken care of, for how long they will need the help and, realistically, what that help should consist of. If you die this should not be like winning the lottery for your survivors. Don't buy so much insurance that you will be really strapped for all those years before you pass on.
Health Savings Accounts (HSA): Do They Vary From State to State?
The health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.
Is this tool available in all states? And are HSAs in each state the same?
The health Savings Account (HSA) was passed in the U.S. Congress in December 2003. It was signed by President George W. Bush. That means it is a federal law. The HSA is available in every state in the Union.
However, the availability of the HSA may vary. Since this product is relatively new, not all insurance agents and financial advisors have caught on to it. Many do not know it exists yet, and not all of them offer it to their clients.
But as acceptance of HSAs grows, more and more insurance agents, advisors and even banks are beginning to offer them.
The simplest place to find an HSA is with an insurance agent. I say it is the simplest because it is easiest to purchase your HSA and your high-deductible health insurance policy in one place. If you do not purchase them in one place, you have to provide written proof to the HSA agent that you do, indeed, have a high-deductible policy. If you can't prove that you are insured, and that the deductible is over $1,000 for an individual and $2,000 for a family, they cannot give you an HSA.
Insurance agents are also the most likely to have an in-depth knowledge of HSAs. I haven't tried to get an HSA at a bank, but I think it's likely that the expertise of personal bankers will not be as great as that of the average insurance agent. That's just my opinion.
health Savings Accounts are growing in popularity every day. They provide an excellent way to save thousands of dollars on insurance, and they are the true solution for the self-employed and the small Business owner. And HSAs are available today!
Is this tool available in all states? And are HSAs in each state the same?
The health Savings Account (HSA) was passed in the U.S. Congress in December 2003. It was signed by President George W. Bush. That means it is a federal law. The HSA is available in every state in the Union.
However, the availability of the HSA may vary. Since this product is relatively new, not all insurance agents and financial advisors have caught on to it. Many do not know it exists yet, and not all of them offer it to their clients.
But as acceptance of HSAs grows, more and more insurance agents, advisors and even banks are beginning to offer them.
The simplest place to find an HSA is with an insurance agent. I say it is the simplest because it is easiest to purchase your HSA and your high-deductible health insurance policy in one place. If you do not purchase them in one place, you have to provide written proof to the HSA agent that you do, indeed, have a high-deductible policy. If you can't prove that you are insured, and that the deductible is over $1,000 for an individual and $2,000 for a family, they cannot give you an HSA.
Insurance agents are also the most likely to have an in-depth knowledge of HSAs. I haven't tried to get an HSA at a bank, but I think it's likely that the expertise of personal bankers will not be as great as that of the average insurance agent. That's just my opinion.
health Savings Accounts are growing in popularity every day. They provide an excellent way to save thousands of dollars on insurance, and they are the true solution for the self-employed and the small Business owner. And HSAs are available today!
Car Insurance Advice for Young Drivers in the UK
Over the course of the last ten years, car insurance for young drivers in the UK has increased substantially.
This has caused many problems for new drivers with premiums averaging 1300 for a newly qualified 17 year old male driver.
Young female drivers pay a lot less for their policies due to their reduced risk of being involved in an accident. EEC law is looking to make this a discrimination issue but insurance companies and representative groups are opposing this move.
The main factors which will effect your insurance premium are listed below;
The Vehicle - Choosing the right vehicle will have a massive impact on your premium. As a guide, look at the insurance group of the car. The grouping structure runs from Group 1 to Group 20 and your insurance premium will increase as you move through the groups. Use the link below to our web site and use the car grouping guide which will give you an indication of which vehicles fall into which groups. Do not however rely on either guesswork or a basic group guide when choosing a car. Even a subtle difference in model of vehicle could effect your premium massively - Get quotes on every type of car you are looking at before deciding on buying one.
Where you live - Not a lot you can do about this but in some areas of the UK you are twice as likely to have your car stolen. In London you are 50% more likely to be involved in an accident - Your premium will reflect where you lice.
Pass Plus - If you have just passed your test, seriously consider pass plus. This will give you discounts of up to 20% off your insurance premium. The course costs 120 so can be very effective at saving you money and improving your driving skills.
Type of Cover - As a first time driver you will normally be restricted to third party fire and theft cover because of the costs involved. Consider third party only cover also.
There are no shortcuts when insuring your first car but there is a silver lining to that horrible first premium. A safe years driving will result in a drop in your premium of around 50% in the following year.
17 to 40 is a web site dedicated to providing information and quotes for young driver insurance in the UK
This has caused many problems for new drivers with premiums averaging 1300 for a newly qualified 17 year old male driver.
Young female drivers pay a lot less for their policies due to their reduced risk of being involved in an accident. EEC law is looking to make this a discrimination issue but insurance companies and representative groups are opposing this move.
The main factors which will effect your insurance premium are listed below;
The Vehicle - Choosing the right vehicle will have a massive impact on your premium. As a guide, look at the insurance group of the car. The grouping structure runs from Group 1 to Group 20 and your insurance premium will increase as you move through the groups. Use the link below to our web site and use the car grouping guide which will give you an indication of which vehicles fall into which groups. Do not however rely on either guesswork or a basic group guide when choosing a car. Even a subtle difference in model of vehicle could effect your premium massively - Get quotes on every type of car you are looking at before deciding on buying one.
Where you live - Not a lot you can do about this but in some areas of the UK you are twice as likely to have your car stolen. In London you are 50% more likely to be involved in an accident - Your premium will reflect where you lice.
Pass Plus - If you have just passed your test, seriously consider pass plus. This will give you discounts of up to 20% off your insurance premium. The course costs 120 so can be very effective at saving you money and improving your driving skills.
Type of Cover - As a first time driver you will normally be restricted to third party fire and theft cover because of the costs involved. Consider third party only cover also.
There are no shortcuts when insuring your first car but there is a silver lining to that horrible first premium. A safe years driving will result in a drop in your premium of around 50% in the following year.
17 to 40 is a web site dedicated to providing information and quotes for young driver insurance in the UK
What to Look for in Good Health Insurance
Health insurance is a kind of protection that provides payment of benefits for covered sickness or injury. Included in health insurance are various types of insurance such as accident insurance, disability income insurance, medical expense insurance, and accidental death and dismemberment insurance.
Before sign the health insurance policy make sure that you have read thoroughly the benefit's section. Take note of any health care service that is not covered by your health insurance policy. Also, pay specific attention to how the health insurance policy is worded. Sometimes, health insurance companies hide the health insurance coverage exclusions within the definitions of words.
For instance, a health insurance company may define the term 'emergency' as anything that is life threatening condition that cannot be reasonably treated by a primary care physician. Whereas, your definition of 'emergency' may be anything that requires quick medical attention.
Clearly, there is conflict for the two definitions. If you find yourself in an emergency situation where you incur a broker arm, for instance, your insurance company may deny coverage for emergency room treatment of a broken arm for the reason that the broken arm does not fall under the life threatening category.
Therefore, you should read over carefully the health insurance policy definitions, paying close attention to the seven key words:
medical emergency medically necessary accidental injury experimental or investigational pre certification pre-existing condition, and reasonable and customary
These words and any words that are open to interpretation should be regarded with wariness. Find out how your health insurance company defines each of these.
Finally, find the section describing the procedures you must follow in order for your insurance company to reimburse you. These policy conditions or prerequisites are typically worded in a positive tone. Read through each condition carefully, make notes and call your health insurance company with any questions.
You should also compare health insurance contracts before you sign one. In order to compare exclusions, take two policy contracts and find the exclusions sections. If you want to compare a number of health insurance contracts then you could use an online service.
After you obtain your free quote for the health coverage you desire, apply for it online, and you'll obtain all the information that you'll need to compare exclusions of each health insurance policy (though sometimes this will require more research.)
Copyright 2005 Mike Spencer
Mike Spencer recently became unemployed and moved into self employment. He was forced to find his own health insurance plan to protect his family. It wasn't as easy as he first thought. Here he shares the pitfall
s of various plans and what you need to look out for when picking a good plan for you
Before sign the health insurance policy make sure that you have read thoroughly the benefit's section. Take note of any health care service that is not covered by your health insurance policy. Also, pay specific attention to how the health insurance policy is worded. Sometimes, health insurance companies hide the health insurance coverage exclusions within the definitions of words.
For instance, a health insurance company may define the term 'emergency' as anything that is life threatening condition that cannot be reasonably treated by a primary care physician. Whereas, your definition of 'emergency' may be anything that requires quick medical attention.
Clearly, there is conflict for the two definitions. If you find yourself in an emergency situation where you incur a broker arm, for instance, your insurance company may deny coverage for emergency room treatment of a broken arm for the reason that the broken arm does not fall under the life threatening category.
Therefore, you should read over carefully the health insurance policy definitions, paying close attention to the seven key words:
medical emergency medically necessary accidental injury experimental or investigational pre certification pre-existing condition, and reasonable and customary
These words and any words that are open to interpretation should be regarded with wariness. Find out how your health insurance company defines each of these.
Finally, find the section describing the procedures you must follow in order for your insurance company to reimburse you. These policy conditions or prerequisites are typically worded in a positive tone. Read through each condition carefully, make notes and call your health insurance company with any questions.
You should also compare health insurance contracts before you sign one. In order to compare exclusions, take two policy contracts and find the exclusions sections. If you want to compare a number of health insurance contracts then you could use an online service.
After you obtain your free quote for the health coverage you desire, apply for it online, and you'll obtain all the information that you'll need to compare exclusions of each health insurance policy (though sometimes this will require more research.)
Copyright 2005 Mike Spencer
Mike Spencer recently became unemployed and moved into self employment. He was forced to find his own health insurance plan to protect his family. It wasn't as easy as he first thought. Here he shares the pitfall
s of various plans and what you need to look out for when picking a good plan for you
订阅：
博文 (Atom)