Affordable Senior Supplemental Care Health Insurance

Affordable Senior Supplemental Care Health Insurance

by Elias Maseko

Americans are finding the cost of health insurance increasing, so that the need for affordable health care is on the rise. Companies are using rising premiums and tighter financial budgets to reduce the level of health care available to their employees. It wasn't that long ago that I had a fantastic health plan but all that has changed. Last fall, out of the blue, we were informed that our health care provider was going to be switched to a cheaper alternative.

To make the system fair to everyone, the health care provider would need to change. I am told that the new insurance package is still very good and I'm lucky to have it. I don't mind other workers benefiting but it costs me more now, almost twice as much more to have my family covered in the plan. This means, that for my company to provide a health plan to all of the employees, it is no longer affordable for us.

Lower cost cover may be available for all my colleagues now plus the company has saved money but if I want to keep my family on the plan, I will have to settle for a lower income.

OK, so my health care is still respectable but the new company that we have is not as good as our previous. The new affordable health care plan initiated by my company meant that certain workers found themselves a lot worse off financially with additional co-pays and expenses. You see, my previous plan paid my entire hospital bill just over 3 years ago when I had my little boy. Working out that same stay with the new plan would mean approximately 4,000 dollars would have to be paid by me.

There are also the co-pays to consider, another cost in addition to the hospital fees I would have to pay. Luckily there are more and more affordable health care programs being created to help those that do not have any coverage. Single mothers, families working for companies that don't offer coverage, low-income households - they are all able to get low cost or even free health care. The problem is when a small number of people take advantage of a system that was designed for those that needed it most.

Perhaps some form of means testing is needed for people so that only genuine cases have the benefit of affordable health care. I get annoyed because it's the upright taxpayer who has to finance these schemes for the needy and not the state. It is true to say that my employer is very happy because he found distinct benefits to finding a different health plan program. It worked out just fine for my employers when they switched providers but many of us are paying the price. If we are to help the worst affected, we need to start looking at long term options for Americans in providing cost effective, affordable health care.

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What Is The Value Of Long Term Care Insurance

What Is The Value Of Long Term Care Insurance

by Terry Stanfield

Long term care is a reality of growing old. As we get older, the possibility of needing someone to help us take care of ourselves is going to increase. Things could turn out for the best and you may not need long-term care, or they could turn out for the worst and you could need ongoing, long-term care. There is no way to predict what will happen in the future, but there is a way to plan for it.



Long term care insurance is the best option anyone has to make sure their future remains bright and financially secure, and it all comes at the cost of a small monthly payment. No different than car or home insurance, which you use in case you are involved in a car accident, or your home burns down, long-term care insurance protects you in the event you need long term care.



This comes at the price of a small payment, but the rewards it can give you go far beyond that. As a result of the monthly payment you make, your family will not be burdened with the costs of your long-term care, and you will not have to worry about your bank account draining to fund the long-term care, because Medicare does not cover the expenses related to long term care.



That small payment translates into peace of mind as you go into your old age. You will know that in the event of an unfortunate accident or situation, your family will not be struggling to, not only pay their own bills, but yours as well. Of course, that long-term insurance payment also helps you in the event you are injured or need surgery while you are still middle-aged. Long term care can pay your expenses while you recover from an accident, surgery or illness, since it is unlikely your job, or Medicare, will.



The value in long-term care insurance is huge, and the price is small. Like any other insurance, you buy it not to protect you in the case of a tragedy or accident, but to give you the peace of mind that if an accident or tragedy happens, someone has your back. That is an excellent situation to be in and it makes everything much easier for everyone.



Conclusion Long-term care insurance is the safety net that comes at a great value for you. With only monthly payments to your long-term care insurance company, you are securing your financial future and giving your family the ability to provide care for you in the event you need long-term care, without the problems of trying to pay for it.



Medicare does not pay expenses for long-term care patients, but your long-term care insurance does, and is that not worth the price of a monthly payment? It may not happen, but if something bad does and you need long-term care, don't you want to know someone has your back, ensuring you and your family are not strapped for cash simply because you grew old and needed care, or because you were in an accident?



That kind of security and peace of mind is worth its weight in gold, and you can have it for much less.

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Before you go out and buy a policy go to Long Term Care Insurance Guide and read "How Does Long Term Care Insurance Work?"

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Medical-Insurance

A Better Future With Whole Life Insurance

A Better Future With Whole Life Insurance

Whole life insurance has many advantages for every person around the world. Lifetime insurance is beneficial and has many advantages. Just think that there is always someone that would take care of your children if God forbid you are not there for them. Think your children can not go to school colleges or universities because you do not have enough finances with you so that your children could continue with their studies or you and your family could not live in the house you were living before because of the financial problems. It is very necessary that you should have the financial assistance with you all the time.

There are broadly two major types of life insurance policy commonly available. Term life insurance is the cheapest form of insurance but has a limit, the term of the policy, for which it will provide protection. Whole of life insurance policies provide protection for our entire life irrespective of how long we may live and so they are vitally important for any financial protection plans that we set up.

Whole of life insurance policies combine life insurance with an investment fund that is attached to the policy. In the early years some of the premiums are used to pay for the life insurance cover while some is diverted and allocated to an investment fund. As a result the policy will start to build up a cash value. This investment fund can be used to help maintain premiums in later years or be used as an emergency or investment fund to provide monies as and when the policy holder needs to use them.

During initial years, the premiums are relatively low but as the policy holders age increases, the rise in insurance cost leading to increased premiums is not a surprise. It is common to face the problem of either choosing to lower your life insurance or pay increased premiums.

Like this the element of investment arises on its own. The funds of investment can be used to supplement such premiums that are paid and it is ensured that even though the cost of the insurance cover has been increased, the cover itself could be maintained at no cost that is extra to the holder of the policy. In some cases the premiums can be stopped from being paid to the holder of the policy, anyhow the cost may be covered up from the funds of investment. Investing funds alone can cover up such a cost.

Contract of the whole term life insurance tends to be very helpful when the holder of the policy ensures that a sum of the money should be available on the death of the holder of the policy. Many of us have to pay tax that is we also have to pay the inheritance tax. It can be ensured and it is very helpful that the tax could be paid from the whole life insurance policy. Like this a person can benefit his/her family through this lifetime insurance policy that is so helpful that even your tax is paid from your policy.

Whole of life insurance contracts are very flexible policies providing a wide range of options. The ability to take premium holidays is available because there is an investment fund available to continue cover. The investment fund belongs to the policy holder so if there is a need for emergency funds or collateral to secure a loan or mortgage, extra avenues are open to the policy holder that are simply not provided by other non-investment based insurance contracts.

After understanding completely that how a whole life insurance contract works out and how it may secure the future of your family that is quiet an idea. If you have taken in to account the two components, the cover of insurance and the funds of investment they become more and simpler to can be understood. You must take into account that what measures you should and have to take to save and protect your own family, if you are quiet serious about the financial conditions of the family. Whole life insurance quotes can be obtained online for different companies.

Health Insurance For Group

Health Insurance is one of the important work the head of the family has to think about it. The Group health insurance is the policy provided by the Insurance companies in which the person can cover the health insurance of his whole family like husband, wife, parents and children. The important criteria a person has to think about the policy is that he can cover the health insurance of his whole family with the minimum premium.

The employers can also cover the group health insurance for their employees. If the employer covers the group health insurance for his employees as well as their family, then the employer gets the double benefit from the same with the minimum cost. One is that the employees feel they are the part and parcel of the employer and they need not worry about the health of their family because the future is very much uncertain and the employees are always worried about the unforeseen medical expenses which he has to pay from his pocket or borrow from someone to meet the unforeseen medical expenses towards the health of his family.

If the employers take the group insurance for the employees and their families, then the employees will not be worried about their health as well as the health of their families which will result in more concentration of the employees towards their work and increase in efficiency as well as productivity and this finally result in the more profitability of the employer. Thus the group insurance is very important in the corporate field as well as for the families.

The group health insurance is suitable for fully insured employer group, small employer group, large employer group, health maintenance organization (HMO), self-funded ERISA, group managed care, and preferred provider organization are some types of group health insurance.

Getting group health insurance quote through websites is quite easy. In order to qualify for a group health insurance policy, employer must have at least 2 full time employees on the payroll. Now-a-days there are lot of private insurance companies have come in the field of insurance business which provide lot of options of policies for every category of persons from top to bottom. While choosing a group health insurance, it is advisable to seek the assistance of group health insurance broker. Golden Rule Insurance Company, UniCare, Aetna Inc., Horizon Blue Cross Blue Shield of New Jersey, Health Net of California, and Time Insurance Company are some of the leading health insurance companies that offer group health insurance.

Health Insurance provides detailed information on Health Insurance, Health Insurance Quotes, Affordable Health Insurance, Health Insurance Plans and more. Health Insurance is affiliated with Health Insurance Company Ratings.

By Chandu.

Self Employed Health Insurance

Self Employed Health Insurance

A dilemma on cost effective self Employed health insurance solutions, has put the American health insurance consumers who are self employed at odds with health insurance coverage over the last few health years. Demand for affordable Self employed health insurance policies is constantly on the rise and health insurance consumers are wondering what to do about health and self employed health insurance rising at such a high self employed rate. Health insurance in general has been rising and health insurance consumers with health need to know about health insurance.

Self employed health insurance can be frustrating for health insurance consumers mainly because of health and self employed health insurance price. With this health insurance article we'll outline some self employed health insurance facts you can do to lower your health insurance costs. First, look at the self employed health insurance deductible. With health insurance the higher the self employed health insurance deductible, the more the health insurance consumer will save. Instead of a $600 self employed health insurance deductible check on a $1100 health insurance deductible. Next, self employed health insurance co pays with health. Instead of a $12 health insurance co pay try a $15 self employed health insurance co pay.

Next with health, check the self employed health insurance company out carefully. Health insurance companies should be checked out when getting a self employed health insurance plan. Ask the health insurance company questions and grill them on health and self employed health insurance customer service issues to ensure your health employees are getting a good health insurance plan.

We've solved the self employed health insurance industry problem by providing cheap health insurance plans for your self employed business. Free Health insurance quotes can be delivered via email by the click of a mouse. Shopping health insurance has never been easier for health insurance consumers than right here. If you are still not happy, please read this article Self Employed Health Insurance - What does that mean?


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Health Insurance

The relevance of fine prints in Determining your health insurance cover


Medical treatment is beyond the reach of common man today with costs escalating every now and then.Cost of hospital room rent,doctor's fees,medicines and related health services can work out to be a huge sum in an emergency.A much needed financial relief in the form of health insurance is of utmost importance at such times.


In view of the above the fine prints in health insurance schemes are of immense relevance in determining which one or which type, is to be opted for, based on your specific needs.


To begin with one has to reckon that health insurance cannot be availed by people aged below five and above seventy-five. Also we should not wait till we fall sick,it would be a judicious decision to make an investment in health insurance either in a personal scheme or a group scheme sponsored by your employer.


Another aspect of health insurance which needs to be borne in mind is that they do not cover certain ailments at all times and a few ailments are not covered in the first year of cover.


There are four major insurance companies in India,which are regulated by General Insurance Corporation and the schemes and covers are the same with the possible variation only in the quality of service.


Insurance company liability of all claims during the period of insurance shall not exceed the Sum Insured per person mentioned in the Schedule,hence one has to be sure that the Sum Insured is likely to be sufficient enough or at least close to his needs.


The definitions of "Hospital/Nursing Home" needs to be kept in mind,so that you do not run into any problem on this count,e.g.,whether they are registered? or whether they comply with the minimum criteria of at least 15(10 in class 'c' towns) in patient beds,fully equipped operation theatre, fully qualified nursing staff and doctors required for their class of city.


Based on your family history and your proneness to specific diseases you have to opt for policies which stipulate a minimum of 24 hours hospitalisation for expenses to be admissible with relaxation in case of Dialysis,Chemotherapy, Radiotherapy,Eye Surgery,Dental Surgery,Lithotripsy(kidney stone removal),Tonsillectomy.


To avail Domicilliary Hospital Benefit(DHB) you have to ensure that Medical treatment is for a period exceeding three days for such illness which normally would require Nursing Home/Hospitalisation but actually taken at home in the event of:-i)the patient's condition being such that he/ she cannot be removed or ii)the patient cannot be removed for lack of accomodation in Hospital/Nursing Home.


One has to keep in mind that DHB does not cover i) expenses for pre and post hospital treatment,ii)expenses incurred for Asthma,Bronchitis,Chronic Nephritis and Nephritic Syndrome, Diarrhoea and all types of Dysentries incliding Gastrroenteritis,Diabetes,Mellitus and Insipidus,Epilepsy, Hypertension,Influenza,Cough and Cold,all Psychiatric or Psychosomatic disorders,Pyrexia of unknown origin for less than 10 days,Tonsillitis and Upper Respiratory Tract Infection Including Laryngitis and Pharingitis,Arthritis, Gout and Rheumatism.


The fine print in "Any one illness" is important.It says that occurance of the same illness after a lapse of 105 days will be considered as fresh illness.


In Pre Hospitalisation, expenses incurred up to 30 days prior to hospitalisation will be considered.


In Post Hospitalisation, expenses incurred upto 60 days prior to hospitalisation will be considered.


There are some exclusions which one should be wary of,like


1) All dieseases which are pre-existing.


2) Any disease contracted during the first 30 days from the commencement date.


3) Expenses on treatment of Cataract,Benign Prostatic Hypertrophy,Hysterrectomy for Menorrhea or Fibromyoma,Hernia, Hydrocele,Congenital Internal diseases,Fistula on anus,Piles, Sinustis. 4) Injury/Diesease caused by War/Invasion/Act of Foreign Enemy.


5) Circumcision unless necessary for treatment.


6) Cost of spectacles and contact lenses,hearing aids.


7) Convalescence,general debility,Rest cure,sterility,veneral diesease,intentional self-injury.


8) All expenses associated with Human T-Cell Lymphotropic Virus Type III (HTLB) or Lymphadenopathy Associated Virus(LAV) or AIDS


9) Dental treatment or surgery unless requiring hospitalisation.


10) Injury or diesease caused by nuclear weapons/materials.


In conclusion one should be certain to send notice for Claim within 7days from date of Death,Injury,Hospitalisation and also all supporting documents relating to the Claim must be filed within 30days from date of discharge from the Hospital.


by Rana Bhattacharya

Insurance For You.

Insurance for you.

Ever since the Insurance Sector was opened up by the Government of India,there has been a deluge of Companies who have opened shop in India.
Could you imagine a few years ago, of being thousands of miles away from your motherland and:-

a) purchasing an Insurance Policy by mail (except for PIO's)

b) purchasing with your repatriated Indian Currency

c) purchasing with foreign currencies and also being paid back in foreign currency,


d) purchasing Insurance with no limits (for PIO's not more than Rs.20 lakhs)

e) loans being permitted on your policies

f) assigning your policy being possible

g) your policy records could be transferred from one country to another

h) obtain a policy easily as if you were not an NRI but a resident Indian

Well these are just a few amongst a host of other facilities which are now possible even though you are far away.

Long back there were private companies doing Insurance business in India, who subsequently closed down or were asked to close shop as complaints against their functioning went on rising.Then the Government decided to step in and gave birth to Life Insurance Corporation of India in 1956. LIC of India has been functioning smoothly ever since and its name has been synonymous with Insurance in India. However with the opening of the floodgates of liberalisation the Insurance spectrum has changed drastically, with many companies jumping into the foray, and many more in the pipeline.

By Rana Bhattacharya.