From what I've heard and read,this is supposed to be a big part of the present health insurance and health care coverage debate.Thankfully,I don't know anyone who has this problem.I also know that,debates and all,if Congress passes a health insurance overhaul bill,that it won't take affect until 2014 or later.
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Insurers try to make profits. Paying out more in claims than they take in in premiums normally loses money. If an insurer agrees to cover a person with certain preexisting conditions, who will certainly cost more than they will pay in premiums, it's bad business. Investors, employees of the insurer, other insureds, would be damaged by that. Insuring many known preexisting conditions will make the insurers fall apart and disappear, then no one (but congress) would have insurance. A BIG advantage of many group plans offered by employers, is that preexisting conditions can be covered. Normally, there's a short window to sign up. In a group plan like that, the extra cost of the insurance for preexisting conditions is shared by all of the employees in the plan. Until now, insurance companies operated for profit. It worked. (Warren Buffet's primary businesses are insurance). It also attracted the shameful greedy, like we saw in AIG. Like any business, there must be profit to stay alive. If the gas station pays $8.00 a gallon for gas and sells it for $3; or if the grocery store buys bread for $10.00 a loaf and sells it for $2; or if the shoe store pays Nike $500 for shoes and sells them for $200, they will go broke. An insurance company that pays $50,000 a year to care for a preexisting condition and collects $5000 a year in premiums will go broke. So, they reject those of us with preexisting conditions, in order that they can stay in business and serve lots of others. If a government will fill the gap in costs, the insurers can cover everyone, including all of us with preexisting conditions. Where does the government get it's money? Taxes. That means everyone paying taxes will be required to pay the healthcare bill for preexisting conditions, which can be expensive. Now ,what if the cost of all that care is too much burden on the government budget and taxpayers? Instead of rejecting people with preexisting conditions, governments have been known to reject payment of certain treatments or procedures that are too expensive. The difference can be that instead of an insurer denying coverage upfront, the government chooses at the time the coverage is needed. If the insurer rejects, there may be other help, including government help. If the government rejects, the rejection seems much more personal - that a bureaucrat is choosing whether I live a bit longer. Being rejected for insurance due to a preexisting condition IS devastating. The possibility of someone choosing not to pay for my treatment is horrifying. There is no easy answer to your question. Thank you for asking. If we keep asking good questions, worthwhile answers will come.
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Sunday, October 31, 2010
What is the best health insurance policy?
What is the best health insurance policy? I am recently need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make?
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Try this site usainsurancequotes.net Here you can compare quotes from different companies
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Try this site usainsurancequotes.net Here you can compare quotes from different companies
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What is a good health insurance for children with special needs?
My son is on a feeding tube due to a small bowel transplant he received last year. My husband and I are returning to a full work schedule and our health insurance (Tricare) does not cover a nurse for him, or special daycare because his only special need is the feeding tube and the medication he receives through it. Apparently that's not enough. So is there a good company that I can purchase insurance through who will cover these types of things for him?
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Try this site usainsurancequotes.net Here you can compare quotes from different companies
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Try this site usainsurancequotes.net Here you can compare quotes from different companies
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What is individual and family health insurance?
I am planning to have family health insurance in these days but I want to understand the basic difference between individual and family health insurance.
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Individual and family health insurance is a type of health insurance coverage that is made available to individuals and families, rather than to employer groups or organizations. Given the option, most people would prefer to have their employer provide group health insurance coverage. But, if this is not an option for you, it is still important for you to seek coverage. You may be pleasantly surprised with the variety and affordability of the individual and family health insurance options available. try http://CheapInsurance.Tk
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Individual and family health insurance is a type of health insurance coverage that is made available to individuals and families, rather than to employer groups or organizations. Given the option, most people would prefer to have their employer provide group health insurance coverage. But, if this is not an option for you, it is still important for you to seek coverage. You may be pleasantly surprised with the variety and affordability of the individual and family health insurance options available. try http://CheapInsurance.Tk
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How can I find a health insurance provider that will cover costs for getting Accutane?
Hi, I have never bought health insurance before, and I would like to know how I could find out if a particular health insurance provider would cover the costs of me going to a dermatologist and getting Accutane. Can anyone help me?
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Humana offers an individual plan in which you would pay a $50.00 copay for this drug if you are approved and no limitations are provided by underwriting department. You will have to admit during application you have acne, though http://apps.humana.com/prescription_bene… Also, this plan is not available in all states.
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Humana offers an individual plan in which you would pay a $50.00 copay for this drug if you are approved and no limitations are provided by underwriting department. You will have to admit during application you have acne, though http://apps.humana.com/prescription_bene… Also, this plan is not available in all states.
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How to get an international health insurance for 5 days to satisfy the Schengen visa requirements for France?
I am traveling to France soon and the Sheghen visa requires me to produce the follow: "A letter from your insurance company (+ 1 copy) stating that you will be covered for any medical expenses, hospitalization and repatriation for at least $45,000 during your stay in Europe." The insurance available on the internet looks fake. Does anyone know any genuine website/ company to get a short stay health insurance from? Thanks.
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Depends where you are, but I usually find an insurance broker will handle short-term medical insurance policies without costing very much.
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Depends where you are, but I usually find an insurance broker will handle short-term medical insurance policies without costing very much.
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What happens if you have health insurance through your job, then have to get new health insurance?
If you have health insurance with your employer then quit, how can you get new health insurance with your new employer because aren't they going to see all your pre-existing history from your old insurance company?
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If you get join your new employer's health plan, they can't exclude pre-existing conditions if it's a group plan. They have to accept everybody. If you obtain any kind of health insurance within 60 days after leaving your job, by law the insurance company can't deny coverage of pre-existing conditions.
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If you get join your new employer's health plan, they can't exclude pre-existing conditions if it's a group plan. They have to accept everybody. If you obtain any kind of health insurance within 60 days after leaving your job, by law the insurance company can't deny coverage of pre-existing conditions.
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What happens if you have health insurance through your job, then have to get new health insurance?
If you have health insurance with your employer then quit, how can you get new health insurance with your new employer because aren't they going to see all your pre-existing history from your old insurance company?
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If you get join your new employer's health plan, they can't exclude pre-existing conditions if it's a group plan. They have to accept everybody. If you obtain any kind of health insurance within 60 days after leaving your job, by law the insurance company can't deny coverage of pre-existing conditions.
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If you get join your new employer's health plan, they can't exclude pre-existing conditions if it's a group plan. They have to accept everybody. If you obtain any kind of health insurance within 60 days after leaving your job, by law the insurance company can't deny coverage of pre-existing conditions.
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Is there any cheap health insurance you could recommend for my beloved daughter?
She works full time but her employer charges an outrageous amount of money for health insurance. I know there are many many young people who don't have health insurance, mostly because of the cost of high insurance premiums. But my daughter really needs it cause she has some health issues that will stay with her for a lifetime.
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Unfortunately any insurance she could get on her own will likely be much more pricey than what she can get through her employer. Independent insurance won't have the employer kicking in at least a little bit on the premiums.
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Unfortunately any insurance she could get on her own will likely be much more pricey than what she can get through her employer. Independent insurance won't have the employer kicking in at least a little bit on the premiums.
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What is the cheapest individual health insurance plan in California?
I am young and healthy and need a health insurance plan for myself. Essentially, I just need health insurance in case of a freak accident that will land me in a hospital. Any suggestions? The cheapest so far has been $51 a month. I don't care about deductibles or any of that. Just that it has the lowest monthly fee. Thanks!
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We have health benefits starting at $29.95/month for your entire household regardless of age or pre-existing conditions. Please go to my website for more info: www.mybenefitsplus.com/jaguero or call me at 602-481-4817.
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We have health benefits starting at $29.95/month for your entire household regardless of age or pre-existing conditions. Please go to my website for more info: www.mybenefitsplus.com/jaguero or call me at 602-481-4817.
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How can I get subsidized health insurance for my kids in Alabama State?
My family and I are permanent legal immigrants in the United States and we live in Alabama State.My wife and I have not been able to get any job yet.Because of that,we have not been able to take any health insurance policy yet.Our applications to get Medicaid and ALL KIDS for our 2 kids have been denied because our children are not US citizens. Does anyone know any agency or organization in Alabama State, apart from Medicaid/ALL KIDS that can help us have subsidized health insurance for our kids?
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health-quotes.isgreat.org - my family have this health insurance. It is affordable and has good coverage for dental issues.
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health-quotes.isgreat.org - my family have this health insurance. It is affordable and has good coverage for dental issues.
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How should I do health insurance deduction from paycheck if I choose my own health insurance ?
I want to choose my own insurance instead of company sponsored plan. Usually when we elect company sponsored plan the premium on health insurance is tax deducted from the paycheck. But if I choose and pay my own insurance Can I still make tax deducted from each paycheck? or should I apply tax deduction during tax filing?
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You can't payroll deduct if you are paying your premiums on a private insurance plan. The insurance company will be billing you not your company. If you are self-employeed, have 1099 income, you deduct the premiums from your taxes. You have to weigh the pros and cons of each and make an informed decision on which is better for you.
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You can't payroll deduct if you are paying your premiums on a private insurance plan. The insurance company will be billing you not your company. If you are self-employeed, have 1099 income, you deduct the premiums from your taxes. You have to weigh the pros and cons of each and make an informed decision on which is better for you.
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How are your health insurance plans, if you have individual insurance?
I was asking about those who have health insurance, what are your companies like. Do you like your health companies, are the insurance plans good.
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Hi, i suggest you visit the site below because they offer affordable health insurance across the United States. The Free Quotes allow you to see cheap premiums and compare them between different companies. http://www.goodinsurancepolicy.com
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Hi, i suggest you visit the site below because they offer affordable health insurance across the United States. The Free Quotes allow you to see cheap premiums and compare them between different companies. http://www.goodinsurancepolicy.com
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Is the health reform bill gonna turn health insurance as a compulsory that everyone has to buy?
Kinda confused right now with all the media reports. Is health reform bill gonna require everyone to buy health insurance just like car insurance? Without the insurance, you can not go out?
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Nobody knows.
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Nobody knows.
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Why is employer paid health insurance not taxed as a part of wages?
Companies that provide health insurance deduct what they pay as an expense and their employees don't pay taxes on a huge benefit. That makes health care for those with employer paid health insurance almost free for them. Why shouldn't your employer pay for your auto insurance, too? Why is this fair to those that have to pay their own medical bills? What type of socialism is this? Cogent arguments only, please.
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when employer paid medical insurance started it was because employees were taxed on their wages and often giving them a pay raise resulted in changing the employees tax bracket and could result in less take home pay. so the unions and corporations began using fringe benefits instead of pay raises to compete for the best employees these included health ins. vacation pay and sick pay retirement plans vision care and dental care all paid for by the company. the employe got something that he could use without paying taxes on the money to buy it and the company deducted it as labor expense same as a wage increase.
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when employer paid medical insurance started it was because employees were taxed on their wages and often giving them a pay raise resulted in changing the employees tax bracket and could result in less take home pay. so the unions and corporations began using fringe benefits instead of pay raises to compete for the best employees these included health ins. vacation pay and sick pay retirement plans vision care and dental care all paid for by the company. the employe got something that he could use without paying taxes on the money to buy it and the company deducted it as labor expense same as a wage increase.
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Can you start using your health insurance card as soon you receive it?
I'm planning on getting health insurance for myself. Can you use your insurance card as soon you get it? I want to use it for a health check up, dental, etc...
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Most companies will make it effective next day as long as you don't have any ongoing/unresolved health problems. However if your medical situation is more complicated they can push the effective date back till they have answers. The insurance company will most likely ask to view medical records and/or receive an attending physician statement which because of the snail pace in medical records departments can take up to 18 business days - in other words about a month. Best advice? Start looking for insurance about 30 days before your current coverage will cease to give the underwriting department for your new company time to handle any snafus.
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Most companies will make it effective next day as long as you don't have any ongoing/unresolved health problems. However if your medical situation is more complicated they can push the effective date back till they have answers. The insurance company will most likely ask to view medical records and/or receive an attending physician statement which because of the snail pace in medical records departments can take up to 18 business days - in other words about a month. Best advice? Start looking for insurance about 30 days before your current coverage will cease to give the underwriting department for your new company time to handle any snafus.
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What do you think about the health insurance law they are trying to pass?
Who wouldn't love to have health insurance. Most people don't have it because it's too expensive and they can't afford it right? Well how now if the law is passed people who don't have health insurance will be fined. Health insurance isn't cheap. I don't know about you but to me that is really unfair to people who can't afford it. Especially in this economical times. I would love to have health insurance. What is your opinion?
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With so many people out of work, and so many jobs that cover only managers and up, I can see why some would be looking into the government option. When they read it they should note that it will take away their right to privacy and options with any doctor involved in their care. The government should not dictate which tests we should have or when we should die. There is no easy answer for uninsured people, but they definitely should not be fined if they can't afford health care, as the government would like.
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With so many people out of work, and so many jobs that cover only managers and up, I can see why some would be looking into the government option. When they read it they should note that it will take away their right to privacy and options with any doctor involved in their care. The government should not dictate which tests we should have or when we should die. There is no easy answer for uninsured people, but they definitely should not be fined if they can't afford health care, as the government would like.
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What do you think about the health insurance law they are trying to pass?
Who wouldn't love to have health insurance. Most people don't have it because it's too expensive and they can't afford it right? Well how now if the law is passed people who don't have health insurance will be fined. Health insurance isn't cheap. I don't know about you but to me that is really unfair to people who can't afford it. Especially in this economical times. I would love to have health insurance. What is your opinion?
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With so many people out of work, and so many jobs that cover only managers and up, I can see why some would be looking into the government option. When they read it they should note that it will take away their right to privacy and options with any doctor involved in their care. The government should not dictate which tests we should have or when we should die. There is no easy answer for uninsured people, but they definitely should not be fined if they can't afford health care, as the government would like.
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With so many people out of work, and so many jobs that cover only managers and up, I can see why some would be looking into the government option. When they read it they should note that it will take away their right to privacy and options with any doctor involved in their care. The government should not dictate which tests we should have or when we should die. There is no easy answer for uninsured people, but they definitely should not be fined if they can't afford health care, as the government would like.
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How to get health insurance for my unborn daughter?
I'm 22. I have health insurance coverage under my parents (it's just better insurance than I could get on my own, that's why I've kept it). However, I am pregnant and need to find insurance for my daughter for when she's born. Under my current insurance, I am covered but she is not. My question is, what should I do? I got an application for Medicaid but will it cover her before she is born, even though I don't need insurance? Any advice?
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You will have to wait until she is born. You will not be able to get a policy for her until then. You can apply for medicaid for yourself now (even if you do not use it) and add her within 30 days after birth, she will be covered. Some states allow the baby to be covered under the mom's medicaid for 60-90 days after the birth. Check with your state to see if they are one. If you want private insurance for her, go to an independant agent and get the basics set up-know which policy you want to purchase ahead of time. Then when she is born, send the required paperwork in.
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You will have to wait until she is born. You will not be able to get a policy for her until then. You can apply for medicaid for yourself now (even if you do not use it) and add her within 30 days after birth, she will be covered. Some states allow the baby to be covered under the mom's medicaid for 60-90 days after the birth. Check with your state to see if they are one. If you want private insurance for her, go to an independant agent and get the basics set up-know which policy you want to purchase ahead of time. Then when she is born, send the required paperwork in.
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How can the health insurance bill lower our deficit?
I don't understand how this health insurance bill will lower our deficit. I thought the money to be generated from the tax on this was going to pay for health insurance for those who can't afford it. Now I hear it is being used to pay the deficit down. If the goal is to reform our health care system, shouldn't the money generated by the tax go into improving health care?
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The proposal includes tax increases and changes in Medicare and the health insurance systems. According to CBO, the combination of those will not only pay for the subsidies but will also lower the deficit in the long run.
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The proposal includes tax increases and changes in Medicare and the health insurance systems. According to CBO, the combination of those will not only pay for the subsidies but will also lower the deficit in the long run.
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What sort of health insurance options does a single woman have who lives on her own and works at the gap?
I get worried about my girlfriend because she doesn't have health insurance. I am insured through my job, what are her options? Is there something she can sign up for? If she has health issues I want to know that she will be able to afford any necessary medical treatment. Thanks.
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Financial assistance might be available. Certain government programs and nonprofit organizations can help. You can also discuss concerns about paying her medical bills with your health care provider, social worker or the business office of your clinic or hospital. see http://www.nlm.nih.gov/medlineplus/finan… there are many more such resources at: http://www.simplyinsurancequotes.com/lin… http://www.simplyinsurancequotes.com/lin…
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Financial assistance might be available. Certain government programs and nonprofit organizations can help. You can also discuss concerns about paying her medical bills with your health care provider, social worker or the business office of your clinic or hospital. see http://www.nlm.nih.gov/medlineplus/finan… there are many more such resources at: http://www.simplyinsurancequotes.com/lin… http://www.simplyinsurancequotes.com/lin…
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How are forced health insurance and auto insurance the same?
Many on here say that forced health insurance i sthe same as auto insurance, but how is that? I do not need auto insurance if I do not own a car. I make that choice whether to drive or not. I do not get fined if I don't have a car for not having auto insurance. So in what way are these in any way the same?
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They are not the same. People have the option of driving a car. If they decide to take advantage of that option, then they are required to have insurance.
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They are not the same. People have the option of driving a car. If they decide to take advantage of that option, then they are required to have insurance.
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Why was my health insurance terminated when I am 20 and fulltime college student?
I am a dependant on my mother's health insurance from her employer. Recently I was sent a mail requesting a proof of enrollment to show that I am indeed a full-time student. I put in a proof of enrollment that I am taking the 12 units in college, plus I also sent a copy of my schedule for this semester. Today I get a letter saying that my insurance has been terminated and I am no longer eligible because of my age. I thought full time students who are 21 and under can still be placed as a dependant? Is there a chance they just didnt receive my mail? If thats so, then why didnt they state that they didnt receive the required proof of enrollment instead of terminating me for my age? I want to call them but they are closed for the weekend, so any advice from you guys so I know what I am saying when im on the phone with them would be helpful.
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It doesn't matter what your grades are - just that you are enrolled for full time status. I can see 2 scenarios happening here - 1) They just didn't get the info. When you sent it in, did you include something referencing you as a dependent on your mom's policy? If the document only had your name on it, they may not have been able to identify what policy it went with and thus weren't able to process it correctly. (Note to everyone - include the policy ID number and the name of the insured individual on ANY documents you send to your insurance company. It will be extremely helpful in making sure your document is processed correctly.) 2) Is the school you're attending accredited? Sometimes there's a clause that you have to be attending an accredited university, so if a person were attending a technical school, beauty school, etc. full time it wouldn't count. I suspect in your case that #1 occurred, and you should be able to get this resolved on Monday. Also, you can make the call yourself - anyone on a medical policy can make calls and discuss their own information, it doesn't only have to be the cardholder. (Sure, if you had never been on the policy at all, your mom would have to make the call. But you can call to discuss your own personal information, which includes full time student documentation.)
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It doesn't matter what your grades are - just that you are enrolled for full time status. I can see 2 scenarios happening here - 1) They just didn't get the info. When you sent it in, did you include something referencing you as a dependent on your mom's policy? If the document only had your name on it, they may not have been able to identify what policy it went with and thus weren't able to process it correctly. (Note to everyone - include the policy ID number and the name of the insured individual on ANY documents you send to your insurance company. It will be extremely helpful in making sure your document is processed correctly.) 2) Is the school you're attending accredited? Sometimes there's a clause that you have to be attending an accredited university, so if a person were attending a technical school, beauty school, etc. full time it wouldn't count. I suspect in your case that #1 occurred, and you should be able to get this resolved on Monday. Also, you can make the call yourself - anyone on a medical policy can make calls and discuss their own information, it doesn't only have to be the cardholder. (Sure, if you had never been on the policy at all, your mom would have to make the call. But you can call to discuss your own personal information, which includes full time student documentation.)
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How has linking health insurance to employment had an impact on ordinary Americans?
I mean besides worrying that if the company you work for goes bankrupt there goes your health insurance and the COBRA extension; Also, wouldn't it be amazing if you could work the job you *want* rather than the one that offers the best benefits. Why do we still have this system as it limits self employment, small business growth and creates "job lock"? Ever tried buying insurance independently outside of an office pool with two pre-existing conditions? Even if you cut back on absolutely everything, it's still unaffordable.
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1) It means that most working Americans (fulltime) do have health insurance through their companies. 2) It means that most Americans have absolutely no idea as to how much their health insurance REALLY costs: about $12,500-13,000/year for family coverage. I am with you, we are on COBRA and spend 25% of our income on health insurance. next year we will be uninsurable because my husband has had prostate cancer--not exactly his fault. My feeling is we will never have universal health coverage until ALL Americans understand how much health insurance really costs by having to pay for it themselves rather than getting it at a reduced cost thru their employers.
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1) It means that most working Americans (fulltime) do have health insurance through their companies. 2) It means that most Americans have absolutely no idea as to how much their health insurance REALLY costs: about $12,500-13,000/year for family coverage. I am with you, we are on COBRA and spend 25% of our income on health insurance. next year we will be uninsurable because my husband has had prostate cancer--not exactly his fault. My feeling is we will never have universal health coverage until ALL Americans understand how much health insurance really costs by having to pay for it themselves rather than getting it at a reduced cost thru their employers.
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Saturday, October 30, 2010
How does the French health insurance system work ?
Ok so im still writing this essay on how the health systems in france. However I do not understand how their health insurance works. So could someone explain it simply please. I understand that most of their Health expenses is covered by the state- but that is all i get.
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I've lived here in France for 9 years and am not an expert.... but.... Salaried employees pay tax as does their employer on their income, which is called 'Social Charges' this covers health and retirement among other things. However it doesn't usually cover 100% of health/medical costs!!!! Normally the standard contributions cover about 75% of the medical costs. People who are in the French health system have a 'Carte Vitale' (Health Card) which has a chip with their ID on. This allows them to get discount when they go to the Chemist for a prescription and allows the Doctor to access their records. Many people take out a private health insurance or 'Top Up health insurance' to take care of the final 25% medical fees. Normally if it's a serious illness then the standard state covers 100%, things like Broken legs, cancer etc. Good luck with the essay!
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I've lived here in France for 9 years and am not an expert.... but.... Salaried employees pay tax as does their employer on their income, which is called 'Social Charges' this covers health and retirement among other things. However it doesn't usually cover 100% of health/medical costs!!!! Normally the standard contributions cover about 75% of the medical costs. People who are in the French health system have a 'Carte Vitale' (Health Card) which has a chip with their ID on. This allows them to get discount when they go to the Chemist for a prescription and allows the Doctor to access their records. Many people take out a private health insurance or 'Top Up health insurance' to take care of the final 25% medical fees. Normally if it's a serious illness then the standard state covers 100%, things like Broken legs, cancer etc. Good luck with the essay!
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How can I get health insurance for myself and family and pay for it as business expense without employees?
I'm a successful part time entrepreneur in California, but I maintain my day job because of the group health insurance they offer. I'd like to cut the apron string and go out completely on my own, but the insurance situation holds these plans hostage. I don't want to buy private health insurance, I would like to structure my one man business so that I can easily purchase group health insurance for myself and family. I'd like to purchase group insurance as opposed to private insurance so that I don't have to deal with preexisting conditions and riders, etc. Since I'm still a sole proprietor, I have plenty of leeway in regards to business structure, and I'm willing to change whatever is necessary to get the best deal possible. How can I get health insurance for myself and family and pay for it as business expense without employees?
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In order to get group coverage you must have a minimum of four employees and have 75% participation to qualify.
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In order to get group coverage you must have a minimum of four employees and have 75% participation to qualify.
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How do I deduct health insurance premiums from my taxes when I am self-employed?
We are losing my wife's health insurance and are going to be taking out a private health insurance policy. I am self-employed and think I can deduct the premiums from my taxable income. Does anyone know if that is the case? I would appreciate anyone who could point me in the right direction.
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If you establish the policy in the name of the business (or your name if a sole proprietor), then you can deduct the premiums on the front of the 1040, line 29.
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If you establish the policy in the name of the business (or your name if a sole proprietor), then you can deduct the premiums on the front of the 1040, line 29.
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What is a discount health insurance plan for self employed in California who is an Urban Planner?
I know that certain trade organizations offer discount health insurance under group rates if you join. However, I am unaware of any groups for a person who is self employed as an expeditor--a person who works in the urban planning field filing cases. He pays a exhoribant monthy premium for his health insurance.
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This site has helped me. Great savings! http://www.premierhealthcaresavings.com/196593/ Good luck to you!
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This site has helped me. Great savings! http://www.premierhealthcaresavings.com/196593/ Good luck to you!
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How can I get health insurance without a job that provides it?
I am planning on substitute teaching which doesn't offer health insurance. What is the best way to go about getting health insurance for just me?
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You can buy many different types of health insurance from numerous firms. A quick look in your local yellow pages under "Insurance Brokers" (or similar) will turn up a bunch of agents. There are different types available at varying prices. I assume you are fairly young, so that works in your favor. You may also wish to ask about "catastrophic" coverage which is less expensive, but only starts paying off after the accrued bills reach a certain (high) amount.
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You can buy many different types of health insurance from numerous firms. A quick look in your local yellow pages under "Insurance Brokers" (or similar) will turn up a bunch of agents. There are different types available at varying prices. I assume you are fairly young, so that works in your favor. You may also wish to ask about "catastrophic" coverage which is less expensive, but only starts paying off after the accrued bills reach a certain (high) amount.
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How many health insurance policies written in USA in 2007 or 2006?
We understand that 49 million plus Americans do not have health insurance. There is individual and there is family insurance. Therefore, if 300 million Americans and 50 do not have health insurance then 250 million do. Were 250 million policies written?
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Well, your numbers are off. About 42 million PEOPLE here in the US have no health insurance, and about HALF of them aren't Americans. So you're looking at about 21,000,000 Americans. HALF of them are uninsured by choice. They don't WANT the health insurance. No, there aren't 250 million policies written. The vast, vast majority of Americans are covered by group health plans. My husband's employer has ONE policy, which covers over 3,000 employees, AND THEIR FAMILIES. Maybe, 15,000 people total. No one collects the number of policies there are in force. It's too vast a project, and every day, the number changes.
Source
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Well, your numbers are off. About 42 million PEOPLE here in the US have no health insurance, and about HALF of them aren't Americans. So you're looking at about 21,000,000 Americans. HALF of them are uninsured by choice. They don't WANT the health insurance. No, there aren't 250 million policies written. The vast, vast majority of Americans are covered by group health plans. My husband's employer has ONE policy, which covers over 3,000 employees, AND THEIR FAMILIES. Maybe, 15,000 people total. No one collects the number of policies there are in force. It's too vast a project, and every day, the number changes.
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What is the best health insurance provider?
My mom gets sick very often and would like to purchase some health insurance since she isn't eligible for MedicAid. What's a good health insurance provider in Texas?
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Try this site http://usainsurancequotes.net Here you can compare quotes from different companies
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Try this site http://usainsurancequotes.net Here you can compare quotes from different companies
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How can insurance companies include preexisting conditions without a health care mandate?
If there's no mandate, and insurance companies are forced to give me affordable health care regardless of preexisting conditions, that means I only have to get health insurance when I come down with cancer. I hear many Republicans stating that they are all for barring insurance companies from excluding those with preexisting conditions, but none of them explain how you can do so without a national mandate to buy health insurance like we have with auto insurance.
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i try to write the answers your problem in my blog http://www.mystructuredsettlement.co.cc you can see any problem in my blog or in my business blog http://www.mysecuredloan.co.cc
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i try to write the answers your problem in my blog http://www.mystructuredsettlement.co.cc you can see any problem in my blog or in my business blog http://www.mysecuredloan.co.cc
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Can my wife have health insurance through her parents and myself?
We're married and her parents don't know. My insurance doesn't cover her treatment but her parents' insurance plan for her will. Is it illegal to have health insurance for 1 person from 2 companies? And will her parents find out that she's married with insurance if she uses their health insurance plan?
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health-quotes.talk4fun.net - here is my health insurance plan. As I remember they can provide such a service.
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health-quotes.talk4fun.net - here is my health insurance plan. As I remember they can provide such a service.
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What is the best health insurance policy to go with?
What is the best health insurance policy to go with? I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?
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Try this site http://www.usainsurancequotes.net/ Here you can compare quotes from different companies
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Try this site http://www.usainsurancequotes.net/ Here you can compare quotes from different companies
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How expensive is health insurance in the United States is it only a one off payment per year or is it monthly?
I know that there has been a lot of arguments for and against free health in the United States because millions of Americans can't afford health insurance so I am wondering how much health insurance is in the States and can do you have to pay monthly or yearly plans with insurance companies.
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You can have both options, try this site heinsurance.notlong.com here you can get quotes from different companies.
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You can have both options, try this site heinsurance.notlong.com here you can get quotes from different companies.
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How are you paying for health insurance if you are one of the millions recently laid off?
I know COBRA is available for many, but it is very expensive to keep up and runs only for a limited period. Questions like this have been asked before and those against governement supported health care just accused those who didn't have health insurance as lazy losers. But with the economy crashing, the scenario has changed. If you aren't employed anymore and have no income and little savings, what are you doing for health insurance?
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There are many things that are expensive. COBRA is reasonable. If insurance is important to someone they need to make that sacrifice. I guess we should be paying for their food and homes. Those are expensive and a necessity. Where does it stop? \ Bad things happen. That is life. Hard times come and tough decisions have to be made. That still does not make it anyone else's reponsibility to care for you. And you need to talk to COBRA again. That figure, according to the guy I just spoke to , seems inflated.
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There are many things that are expensive. COBRA is reasonable. If insurance is important to someone they need to make that sacrifice. I guess we should be paying for their food and homes. Those are expensive and a necessity. Where does it stop? \ Bad things happen. That is life. Hard times come and tough decisions have to be made. That still does not make it anyone else's reponsibility to care for you. And you need to talk to COBRA again. That figure, according to the guy I just spoke to , seems inflated.
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Will my health insurance still be covered if i start college a little late ?
I'm an 19 year old male who recently registered for college late, all of the classes for right now are taken up so they told me to enroll for the spring semister, will i still be able to be covered for health insurance under my parents ?? My parents said that i must go to school in order for my insurance to still be covered. Will my health insurance still be covered ???
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no, it will not
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no, it will not
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What health insurance is best and affordable for my husband?
We had a baby 3 months ago, but I am looking for health insurance that is good and affordable for my husband. Any suggestions?
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Try this site, if you want to find the best or the cheapest health insurance just in one minute, http://cheap-health-insurance-usa.info/ Here you can get free quotes from different companies in your area, its the best way to find an affordable health insurance with a reliable company. Hope this help,
Source
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Try this site, if you want to find the best or the cheapest health insurance just in one minute, http://cheap-health-insurance-usa.info/ Here you can get free quotes from different companies in your area, its the best way to find an affordable health insurance with a reliable company. Hope this help,
Source
Are health insurance premiums that I pay and are deducted from my paycheck paid with after-tax dollars?
My health insurance is through my employer but I have to pay part of the premium and it is deducted from my paycheck each pay period. I am filing my taxes and am being asked if the premiums are paid for with after-tax dollars. Any answers?
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Premiums are tax deductable as a part of your medical expenses if you are filing long form. You add up every co-pay you made to doctors, hospitals, and prescriptions and the total cost you paid for these premiums and then you get a percent of that total back on your taxes. Anything that you paid for any type of health care is deductable as long as you have a receipt (or in the case of health premiums you pay) they are on the W2.
Source
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Premiums are tax deductable as a part of your medical expenses if you are filing long form. You add up every co-pay you made to doctors, hospitals, and prescriptions and the total cost you paid for these premiums and then you get a percent of that total back on your taxes. Anything that you paid for any type of health care is deductable as long as you have a receipt (or in the case of health premiums you pay) they are on the W2.
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How can a government run health insurance entity "compete" with private companies? Will it pay taxes?
It boggles my mind that the proponents of a government run health insurance entity would actual state that this entity would bring competition to the insurance arena. How would these private businesses compete with someone who does not have to pay taxes. How do companies compete with an entity that can literally raise taxes to pay for operational costs or an entity that is funded non voluntarily by the citizens of the United States? Can the private insurance companies pass legislation that changes the rules of the game in the insurance business? No but the government could certainly dictate the rules of their own business by passing legislation in its favor. Can someone please give me a logical reason as to how this government run health insurance option would do anything other than run private insurance into the ground to ultimately pave the way for the government to be the only health care option?
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Nothing can compete with free. It's not very difficult. All these left-wingers that come up with all these theories about how it will force private companies to lower their standards is just BS. Why would anyone stick to a private health insurance plan when their tax dollars are already paying for another one?
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Nothing can compete with free. It's not very difficult. All these left-wingers that come up with all these theories about how it will force private companies to lower their standards is just BS. Why would anyone stick to a private health insurance plan when their tax dollars are already paying for another one?
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What health insurance company is best for a kid?
I am looking for a good and reasonably priced health insurance provider for my 9 year old son. Insurance through my work is outrageous so I'm looking for an outside provider. His mother is suppose to have already put him on CHIP with the state of TX (by court order) but she refuses to do so for some reason. I hate the idea of him being without health insurance. Anyone had any good experiences with certain companies? Any suggestions or feedback would be greatly appreciated.
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State health plans are often among the best coverage, least expensive plans around for kids. However, if that's not an option (as you've indicated), then check into an individual plan for your son. As you found out, putting him on your plan at work will probably give him pretty good benefits, but group plans usually assume that, on average, there will be 2.2 kids/employee; therefore, someone with 1 or 2 pays more while someone with 3 or more pays less (hey, that's how insurance works: it "averages" things out across a lot of people). However, by buying an individual plan for him you'll only pay for "his" coverage. Further, you'll be better able to get a less expensive plan that might be better suited to his actual needs. Try this site, if you want to find the best or the cheapest health insurance just in one minute, http://cheap-health-insurance-usa.info/ Here you can get free quotes from different companies in your area, its the best way to find an affordable health insurance with a reliable company. Hope this help,
Source
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State health plans are often among the best coverage, least expensive plans around for kids. However, if that's not an option (as you've indicated), then check into an individual plan for your son. As you found out, putting him on your plan at work will probably give him pretty good benefits, but group plans usually assume that, on average, there will be 2.2 kids/employee; therefore, someone with 1 or 2 pays more while someone with 3 or more pays less (hey, that's how insurance works: it "averages" things out across a lot of people). However, by buying an individual plan for him you'll only pay for "his" coverage. Further, you'll be better able to get a less expensive plan that might be better suited to his actual needs. Try this site, if you want to find the best or the cheapest health insurance just in one minute, http://cheap-health-insurance-usa.info/ Here you can get free quotes from different companies in your area, its the best way to find an affordable health insurance with a reliable company. Hope this help,
Source
How do health insurance premiums go down if private insurance is forced to cover preexisting illnesses?
99% of the claims made in favor of the house health care bill are outright lies. It is amazing that people believe these things. Explain to me how if private insurance companies are forced to cover people with preexisting illnesses and not allowed to discriminate on a variety of factors, costs go down.
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The cost isn't going anywhere but up. Any rational person knows that, but this debate is fueled by emotion, not logic.
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The cost isn't going anywhere but up. Any rational person knows that, but this debate is fueled by emotion, not logic.
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What would happen to health insurance companies if government take over the health insurance system?
Correct me if I'm wrong, but I heard that Obama is trying to push a public health system that will allow everybody to have health insurance no matter what pre existing conditions he or she may have. If this is reached, what would happen to insurance carriers like Blue Cross, Blue Shield? Will we need these companies and health insurance agents?
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They would definitely shrink, but they would still be around. Look at Medicare, they have supplement polices which the individual has to pay. If you think the government is going to pay for Heart surgery, Cancer treatment, you're in for a rude awakening.
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They would definitely shrink, but they would still be around. Look at Medicare, they have supplement polices which the individual has to pay. If you think the government is going to pay for Heart surgery, Cancer treatment, you're in for a rude awakening.
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How to get health insurance for Dubai visit visa?
Hi, I am planning to bring my husb and kid on visit visa. I heard that the health insurance is mandatory for visit visa. Where (or how) to get (or how to apply) this health insurance for vist visa. Please advice. Thanks.
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Check your domestic health insurance (if any) and bank (if you have a "premium" type account); the might include travel insurance. If not, try the people who you buy home/car/pet insurance from; they might offer you travel insurance at a reduced rate. In the UK, the Post Office usually has the best deals on travel insurance, but I don't know how common this practice is in the rest of the world.
Source
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Check your domestic health insurance (if any) and bank (if you have a "premium" type account); the might include travel insurance. If not, try the people who you buy home/car/pet insurance from; they might offer you travel insurance at a reduced rate. In the UK, the Post Office usually has the best deals on travel insurance, but I don't know how common this practice is in the rest of the world.
Source
What health insurance company is best for a child?
I am looking for a good and reasonably priced health insurance provider for my 9 year old son. Insurance through my work is outrageous so I'm looking for an outside provider. His mother is suppose to have already put him on CHIP with the state of TX (by court order) but she refuses to do so for some reason. I hate the idea of him being without health insurance. Anyone had any good experiences with certain companies? Any suggestions or feedback would be greatly appreciated.
--------------------
Try this site usainsurancequotes.net Here you can compare quotes from different companies
Source
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Try this site usainsurancequotes.net Here you can compare quotes from different companies
Source
Am I able to write off Health Insurance Premiums for tax purposes at the end of the year?
I am looking to purchase my own health insurance instead of going through my company. I know that the company takes out the cost on a pre-tax basis, but their insurance is not the greatest. If I do decided to sign up for health insurance, will I be able to use the cost of my own health insurance as a deduction fo tax purposes?
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You may deduct qualified medical expenses you pay for yourself, your spouse, and your dependents, including a person you claim as a dependent under a Multiple Support Agreement. You can also deduct medical expenses you paid for someone who would have qualified as your dependent for the purpose of taking personal exemptions except that the person did not meet the gross income or joint return test. You deduct medical expenses on Form 1040, Schedule A (PDF), Itemized Deductions. The total of all allowable medical expenses must be reduced by 7.5% of your Adjusted Gross Income. For more information, refer to Publication 502, Medical and Dental Expenses.
Source
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You may deduct qualified medical expenses you pay for yourself, your spouse, and your dependents, including a person you claim as a dependent under a Multiple Support Agreement. You can also deduct medical expenses you paid for someone who would have qualified as your dependent for the purpose of taking personal exemptions except that the person did not meet the gross income or joint return test. You deduct medical expenses on Form 1040, Schedule A (PDF), Itemized Deductions. The total of all allowable medical expenses must be reduced by 7.5% of your Adjusted Gross Income. For more information, refer to Publication 502, Medical and Dental Expenses.
Source
Friday, October 22, 2010
What health insurance plans cover toenail fungus medication and nail removal surgery?
Hi,
I suffer from toenail fungus, and I've tried ALL home remedies available without success. I'm also about to buy health insurance. I thought I would take this opportunity to finally visit the doctor and get rid of this problem. My questions are:
1. Which health insurance plans offer the best coverage to treat toenail fungus?
2. Do they cover the medication and the surgery required in some cases to remove the toenail?
Thank you for all your help!
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most insurance will cover the costs you mention if the doctor thinks it is medically necessary.
Source
I suffer from toenail fungus, and I've tried ALL home remedies available without success. I'm also about to buy health insurance. I thought I would take this opportunity to finally visit the doctor and get rid of this problem. My questions are:
1. Which health insurance plans offer the best coverage to treat toenail fungus?
2. Do they cover the medication and the surgery required in some cases to remove the toenail?
Thank you for all your help!
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most insurance will cover the costs you mention if the doctor thinks it is medically necessary.
Source
Can I reimburse myself health insurance costs from my company?
We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself.
He is paid for by the company, and then it costs extra to add myself and our child.
I was just going to deduct health insurance premiums on our Sch A, but we don't have enough other medical expenses to meet the limit.
Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks.
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No.
The insurance through your husband's employer does not meet the test of having been established through the S-corp.
Source
He is paid for by the company, and then it costs extra to add myself and our child.
I was just going to deduct health insurance premiums on our Sch A, but we don't have enough other medical expenses to meet the limit.
Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks.
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No.
The insurance through your husband's employer does not meet the test of having been established through the S-corp.
Source
How does health insurance work in the US?
I am a non-US citizen and need this information to do a case.
Specifically:
1) Is health insurance compulsory for everyone?
2) What happens if someone cannot afford it?
3) In the event that a medical procedure needs to be done, does health insurance cover all the bills? Does the patient need to pay anything extra?
4) Does the patient have any say over what kind of procedure he can take? Say if 2 treatments are available for his condition, can the patient choose the more expensive treatment? And if so, is it covered by the insurance?
Thanks for reading this. Your help in answering any part of the questions would be greatly appreciated!
Additional Details
Thanks to those who have responded so far.
I would like to further ask:
Does a health insurance contract state that it will only cover the "normal" rates for a procedure? For eg. if there are 2 possible treatments for a disease, 1 of which is more expensive but more effective than the other, will the patient only be covered by the LESS expensive one?
Or is it a case in which the patient can opt for the more expensive one and "top-up" the difference?
This is a crucial question to my understanding the case. Thanks!
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Source(s):
Specifically:
1) Is health insurance compulsory for everyone?
2) What happens if someone cannot afford it?
3) In the event that a medical procedure needs to be done, does health insurance cover all the bills? Does the patient need to pay anything extra?
4) Does the patient have any say over what kind of procedure he can take? Say if 2 treatments are available for his condition, can the patient choose the more expensive treatment? And if so, is it covered by the insurance?
Thanks for reading this. Your help in answering any part of the questions would be greatly appreciated!
Additional Details
Thanks to those who have responded so far.
I would like to further ask:
Does a health insurance contract state that it will only cover the "normal" rates for a procedure? For eg. if there are 2 possible treatments for a disease, 1 of which is more expensive but more effective than the other, will the patient only be covered by the LESS expensive one?
Or is it a case in which the patient can opt for the more expensive one and "top-up" the difference?
This is a crucial question to my understanding the case. Thanks!
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You've asked a very broad question. There is no simple answer.
In truth, health insurance works a little differently in each state.
To answer your specific questions:
1) No, health insurance is not compulsory for everyone. If you're lucky, you are able to join a group policy at work. (If you're really lucky, it's a good policy and the employer pays at least half of it.) Some states have recently made it compulsory, but that's such a recent change that there's no clear cut answer yet for how that's going to work.
2) What happens if someone can't afford it is... they don't get it, usually. Except if your income puts you below the "poverty level", in which case you qualify for Medicaid. (In some states there are programs that typically provide assistance with insuring children, though they are few and far between for covering adults.)
3) Health insurance rarely covers all the bills when you have a procedure done. Most plans cover 50-80% after you meet your deductible. The deductible amounts vary widely (but the trend is that the deductibles are getting higher and higher to keep the premiums down.) If you're really, REALLY lucky, you don't have a deductible (which is only an option on group plans), and you may only have to pay 10% of covered charges. (These plans are few and far between. As in, you might have them if you're in Congress.)
4) Yes, the patient has some say over procedures. However, if the patient opts for an "experimental" procedure, or one that isn't deemed "medically necessary", then health insurance may refuse to cover any charges at all.
In the end, as with most things, the middle class takes the brunt of these costs. This has become such a problem that more than 50% of all bankruptcies are as a result of medical bills (and of those, more than 75% had health insurance.)
** Edited to add:
It's not ALL about the money when a procedure is involved. If it is, the state keeps track of complaints filed on behalf of consumers with "managed care" (ie. any type of network arrangement including Preferred Provider Organizations, Health Maintenance Organizations, and Point of Service organizations -- also known as PPO, HMO, and POS) and may very well revoke a company's charter to do business in the state should the company be turning down too many legitimate claims.
However, insurance companies are sticklers for following the "standard" for medical care. This is what makes it difficult to answer your question. Because they should not deny anything that's considered standard for care in the given circumstances (should not and will not being two completely different things, of course.) And there may be several options that would be considered "standard." If the patient wants treatment that isn't yet considered "standard", they would balk. Period.
In truth, health insurance works a little differently in each state.
To answer your specific questions:
1) No, health insurance is not compulsory for everyone. If you're lucky, you are able to join a group policy at work. (If you're really lucky, it's a good policy and the employer pays at least half of it.) Some states have recently made it compulsory, but that's such a recent change that there's no clear cut answer yet for how that's going to work.
2) What happens if someone can't afford it is... they don't get it, usually. Except if your income puts you below the "poverty level", in which case you qualify for Medicaid. (In some states there are programs that typically provide assistance with insuring children, though they are few and far between for covering adults.)
3) Health insurance rarely covers all the bills when you have a procedure done. Most plans cover 50-80% after you meet your deductible. The deductible amounts vary widely (but the trend is that the deductibles are getting higher and higher to keep the premiums down.) If you're really, REALLY lucky, you don't have a deductible (which is only an option on group plans), and you may only have to pay 10% of covered charges. (These plans are few and far between. As in, you might have them if you're in Congress.)
4) Yes, the patient has some say over procedures. However, if the patient opts for an "experimental" procedure, or one that isn't deemed "medically necessary", then health insurance may refuse to cover any charges at all.
In the end, as with most things, the middle class takes the brunt of these costs. This has become such a problem that more than 50% of all bankruptcies are as a result of medical bills (and of those, more than 75% had health insurance.)
** Edited to add:
It's not ALL about the money when a procedure is involved. If it is, the state keeps track of complaints filed on behalf of consumers with "managed care" (ie. any type of network arrangement including Preferred Provider Organizations, Health Maintenance Organizations, and Point of Service organizations -- also known as PPO, HMO, and POS) and may very well revoke a company's charter to do business in the state should the company be turning down too many legitimate claims.
However, insurance companies are sticklers for following the "standard" for medical care. This is what makes it difficult to answer your question. Because they should not deny anything that's considered standard for care in the given circumstances (should not and will not being two completely different things, of course.) And there may be several options that would be considered "standard." If the patient wants treatment that isn't yet considered "standard", they would balk. Period.
Source(s):
http://content.healthaffairs.org/cgi/con…
And this just in (an article about Massachusetts, one of the few states that is mandating health insurance for residents):
http://news.yahoo.com/s/ap/20070304/ap_o…
And this just in (an article about Massachusetts, one of the few states that is mandating health insurance for residents):
http://news.yahoo.com/s/ap/20070304/ap_o…
Health insurance company is asking my health records before making a decision. Is it good to give consent?
Has anybody heard about world health insurance company? its asking for my doctor records. I am concerned that they will end up on MIB or other insurance companies. Also, isnt it weird asking for records for a health insurance? I thought they only do that for life and disability insurances.
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Ask them what they will do with the information completely, record the conversation, and if you feel like they sold it, bring your tape to court. (If they lied to u).
Anyway in the netherlands we are all insured, I think you will be all insured aswell, and wont be declined in 4 years.
You wait 4 years or just give it to them.
Source
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Ask them what they will do with the information completely, record the conversation, and if you feel like they sold it, bring your tape to court. (If they lied to u).
Anyway in the netherlands we are all insured, I think you will be all insured aswell, and wont be declined in 4 years.
You wait 4 years or just give it to them.
Source
What affordable health insurance would you recommend for my uninsured 20 year old daughter?
She works full time but her employer charges an outrageous amount of money for health insurance. I know there are many many young people who don't have health insurance, mostly because of the cost of high insurance premiums. But my daughter really needs it cause she has some health issues that will stay with her for a lifetime.
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YOu are not the only one who met this problem,I have met this type of problem before.I have good experience here www.HealthInsuranceIdeas.info to solve my similiar problem.
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YOu are not the only one who met this problem,I have met this type of problem before.I have good experience here www.HealthInsuranceIdeas.info to solve my similiar problem.
Source
How would health insurance businesses be able to stay viable if the Senate bill is passed?
As I understand it, the bill forces all Americans to have health insurance. However, I think that the fine for having no health insurance is around $750. But after the year 2014, health insurance companies will not be able to turn customers away for preexisting conditions. Why wouldnt someone pay the fine or buy low end coverage until they got ill and supplement the coverage or buy an extensive plan?
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i htought the main reason of living in a society was to help each other out, am i wrong?
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i htought the main reason of living in a society was to help each other out, am i wrong?
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What reputable health insurance companies are out there?
My mom doesn't have health insurance and my job doesn't give insurance to family members.
I would like to pay monthly to a health insurance company so my mom could get health check up when she needs it.
Do you know any health insurance companies that can accept low monthly payments since I don't get paid that much?
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Well, if she's 40 and perfectly healthy, it's going to cost her about $500 a month to have a low/no deductible plan that covers checkups.
You BUY it on a month to month basis. If you want low monthly payments, you have to cut the coverage - like take a $10,000 deductible. Or higher. That would cut payments down to maybe $200 a month or less.
The older she is, the less healthy she is, the more it costs.
Your best bet, is to find a local, independent agent, who can help you balance cost with coverage.
Source
I would like to pay monthly to a health insurance company so my mom could get health check up when she needs it.
Do you know any health insurance companies that can accept low monthly payments since I don't get paid that much?
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Well, if she's 40 and perfectly healthy, it's going to cost her about $500 a month to have a low/no deductible plan that covers checkups.
You BUY it on a month to month basis. If you want low monthly payments, you have to cut the coverage - like take a $10,000 deductible. Or higher. That would cut payments down to maybe $200 a month or less.
The older she is, the less healthy she is, the more it costs.
Your best bet, is to find a local, independent agent, who can help you balance cost with coverage.
Source
Health Insurance?
I'm doing an assignment on health insurance and I wanted to know why is it a good thing to get health insurance?
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The purpose of any type of insurance is to protect against catastrophic loss. Using health insurance as an example, most everyday medical expenses are not very expensive (a physical exam averages $150.00+/-), but if you are admitted to the hospital for an emergency your medical bills would be in the tens of thousands of dollars at a minimum. If you do not have insurance you "self-insure" againts that potential catastrophic loss. Without insurance, the average person would face financial ruin if faced with a major loss.
Source
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The purpose of any type of insurance is to protect against catastrophic loss. Using health insurance as an example, most everyday medical expenses are not very expensive (a physical exam averages $150.00+/-), but if you are admitted to the hospital for an emergency your medical bills would be in the tens of thousands of dollars at a minimum. If you do not have insurance you "self-insure" againts that potential catastrophic loss. Without insurance, the average person would face financial ruin if faced with a major loss.
Source
Health insurance?
I need it. going to pay out-of-pocket. 40 year old non smoking female, healthy. Any tips? Anything I should know? I've never shopped for health insurance, have no idea what I'm doing.
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If you are self employeed you should take a serious look into Health Savings Accounts, for several reasons, starting with there is a huge savings on your monthly premiums regardless if you are insuring yourself or you and your family. Things that are considered by the insruance companies are the area you live in, the type of work you do and any pre-existing conditions you might have. If you are in the state of California, and you have employees, you need a minimum of two employees and/or 75% of the payroll to participate in the plan (regardless of HSA or regular insurance) to get a guaranteed issuance of the insurance.
If you are not self employeed but do have a job, again the HSA is great way to go, because you can make pretax contirbutions to the plan, take it with you where ever you go, and keep the insurance with you when you retire... which as common sense tells us, you are going to need healthcare much more in your retirement years (ie when you are older) then you will now. Also any qualified medical expenses can be paid tax free from the account, and once you hit your deductable out your account, anything above that is paid for by the backing insurance company.
One note about the non bias oppinon of "brokers," they get paid on a commission as well by the companies they represent, and some companies pay more than others. Just because you are working with an "independant" does not mean you are getting the best price, or service. You want to work with someone who knows the products that they work with inside and out, or have access to the people who do so that all your questions can be answered to your satisfaction. Some times a huge selection does not mean a huge savings in time and money.
Source(s):
Insuarce/Financial advisor 2+yrs
Financial industry 7+yrs
BA Economics
www.alaldrete.com
Source
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If you are self employeed you should take a serious look into Health Savings Accounts, for several reasons, starting with there is a huge savings on your monthly premiums regardless if you are insuring yourself or you and your family. Things that are considered by the insruance companies are the area you live in, the type of work you do and any pre-existing conditions you might have. If you are in the state of California, and you have employees, you need a minimum of two employees and/or 75% of the payroll to participate in the plan (regardless of HSA or regular insurance) to get a guaranteed issuance of the insurance.
If you are not self employeed but do have a job, again the HSA is great way to go, because you can make pretax contirbutions to the plan, take it with you where ever you go, and keep the insurance with you when you retire... which as common sense tells us, you are going to need healthcare much more in your retirement years (ie when you are older) then you will now. Also any qualified medical expenses can be paid tax free from the account, and once you hit your deductable out your account, anything above that is paid for by the backing insurance company.
One note about the non bias oppinon of "brokers," they get paid on a commission as well by the companies they represent, and some companies pay more than others. Just because you are working with an "independant" does not mean you are getting the best price, or service. You want to work with someone who knows the products that they work with inside and out, or have access to the people who do so that all your questions can be answered to your satisfaction. Some times a huge selection does not mean a huge savings in time and money.
Source(s):
Insuarce/Financial advisor 2+yrs
Financial industry 7+yrs
BA Economics
www.alaldrete.com
Source
Health insurance?
My company allow me to buy my parent's health insurance with me. can i include that amount into my itemize deduction? even though my dad file his own tax return; my dad is not a dependent on my tax return;
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1) Most employer provided health insurance is deducted "pre-tax" so there is no deduction on the tax return.
2) Your parents must be your dependents (or would have been your dependents except for the gross income test) for you to take a deduction anyway. So, unless you are supporting them: No.
Source
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1) Most employer provided health insurance is deducted "pre-tax" so there is no deduction on the tax return.
2) Your parents must be your dependents (or would have been your dependents except for the gross income test) for you to take a deduction anyway. So, unless you are supporting them: No.
Source
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