many people think that free health insurance is a good idea. Personally i think its terrible. what's your opinion and why.
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Of course, the insurance is not "free" because someone is paying for it. In Canada, there is a combined 15% provincial-federal sales and services tax, and income taxes and gasoline taxes are higher too, so don't worry, my dear Canadian friends, you are paying for your health care, one way or the other. The main problem with government-run health insurance, and government-run anything, is that it tends to be inefficient. As Canadian Prime Minister Harper has acknowledged, wait times in Canada are often excessive. The free market generally sorts things out better and more efficiently than bureaucratic dictates from on high. We need to regulate the health insurance companies, and establish standards for their operation, but we also need to retain the incentives of the free market. For these reasons, I am opposed to national health insurance.
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Friday, January 28, 2011
Health Insurance with a congenital heart defect?
I need to purchase private health insurance for my son, who was born with a congenital heart defect. He has had surgery to correct (3 years ago) and requires no additional treatment. He does see a cardiologist once a year, though, strictly routine. Two questions: (1) Is health insurance like credit cards, i.e. if you apply to too many, it looks bad on your record? (2) Does anyone know of an insurance company and/or plan that would likely accept him? He's been denied coverage by one, but I don't want to keep applying if it will ultimately hurt his record. Thank you.
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1. No. 2. Assuming he's a minor, he's going to have a really, really, really hard time finding a private company to take him. SO, he's the perfect candidate to apply under your state Children's Health Insurance Program. They WILL take him - if you let them know about the heart issue, they MIGHT qualify him based on his OWN income, and not the family income. If he's not a minor, his only bet is likely to be through his employer's group plan. Sure, they'll exclude anything heart related for 18 months or so, but then they'll cover it after that.
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1. No. 2. Assuming he's a minor, he's going to have a really, really, really hard time finding a private company to take him. SO, he's the perfect candidate to apply under your state Children's Health Insurance Program. They WILL take him - if you let them know about the heart issue, they MIGHT qualify him based on his OWN income, and not the family income. If he's not a minor, his only bet is likely to be through his employer's group plan. Sure, they'll exclude anything heart related for 18 months or so, but then they'll cover it after that.
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What is the best and cheap health insurance?
What is the best and cheap health insurance
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Thats a joke. If you have no preexisting health conditions then you can find cheap health insurance, other than that there is no such thing as cheap health insurance.
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Thats a joke. If you have no preexisting health conditions then you can find cheap health insurance, other than that there is no such thing as cheap health insurance.
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Do group health insurance plans provide for covering costs of auto insurance?
Do group health insurance plans provide for covering costs of auto insurance?
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one insurance has nothing to do with other
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one insurance has nothing to do with other
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If I incorporate my small business, can I buy health insurance that will cover a pre-existing condition?
I really want to start my own business, but can't leave my job because I need the health insurance. Although I can buy private insurance, it won't cover pre-existing conditions. I have two that require medicine, but probably nothing much beyond that. If I form a corporation, will I be able to buy private insurance that covers my pre-existing conditions?
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Each state has different laws governing the insurance carriers in each state. That being said, it is likely that you can get a small group plan, and your pre-existing conditions would be covered immediately because you can prove continuous coverage, (employers plan.) Most likely you would not need to be incorporated, and would not need to purchase COBRA coverage if your effective date on the small group plan dove-tailed with your last day of employment. That's the good news. The bad news is that, in general, group insurance rates are about double that of an individual plan. If at all possible to obtain an individual/family plan, (even with a waiver or two,) I would consider this. If your pre-existing conditions are not too serious or expensive to maintain, it may well be worthwhile to purchase an HSA, (Health Savings Account,) qualified plan, paying for any medications/office visits with pre-tax dollars.
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Each state has different laws governing the insurance carriers in each state. That being said, it is likely that you can get a small group plan, and your pre-existing conditions would be covered immediately because you can prove continuous coverage, (employers plan.) Most likely you would not need to be incorporated, and would not need to purchase COBRA coverage if your effective date on the small group plan dove-tailed with your last day of employment. That's the good news. The bad news is that, in general, group insurance rates are about double that of an individual plan. If at all possible to obtain an individual/family plan, (even with a waiver or two,) I would consider this. If your pre-existing conditions are not too serious or expensive to maintain, it may well be worthwhile to purchase an HSA, (Health Savings Account,) qualified plan, paying for any medications/office visits with pre-tax dollars.
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How Many 20-30 Year Old's Have Went Bankrupt Because They Had No Health Insurance?
Democrats keep saying that one of the biggest sectors of people not covered with health care is going bankrupt because they don't have coverage. Most 20-30 year olds are very healthy, needing only preventive care and minor surgeries, and can get most of their health care needs done at a clinic. Where is this so called proof that they keep asking for? Why should they pay for our aging baby boomers because they didn't buy insurance?
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Younger ages not so much, but almost 60 percent of bankruptcies prior to the sub prime crisis were related to health care according to the American Journal of Medicine in 2007. Its mostly middle aged people. But while a lot of these kids may not have filed for bankruptcy yet they are accumulating the problems now which could lead them to bankruptcy in the future. http://www.amjmed.com/article/S0002-9343…
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Younger ages not so much, but almost 60 percent of bankruptcies prior to the sub prime crisis were related to health care according to the American Journal of Medicine in 2007. Its mostly middle aged people. But while a lot of these kids may not have filed for bankruptcy yet they are accumulating the problems now which could lead them to bankruptcy in the future. http://www.amjmed.com/article/S0002-9343…
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I need to write an article in a newsletter about things we should look for in our health insurance plans for?
the new year. What types of things should I write about so that i can inform business owners and individuals what to look for in the new year regarding their health insurance plans?
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The big thing is to know their plan! For example - if they have a deductible, they need to exactly what it is and what it pertains to. (Hospital only, lab procedures, or all medical care.) They need to know what is covered - for example - if they have children, is preventative care covered? How much is allowed? Too many people get an ugly surprise when it comes to their kids' coverage. They need to know what providers (doctors, hospital, labs, etc.) are participating in their plan. You should also inform them what to do if they get a bill from a provider. The steps are: 1. Find out the exact reason for the bill - is it a copay, co-insurance, or a denied claim? Most plans send out EOBs (Explanaton of Benefits) to members - if not, they should call the insurance and get one. 2. If it's a large bill, call the provider and make a payment agreement. (If it's something the insurance has determined to be patient liability, RARELY can it be discounted further - the insurance has probably already discounted it, unless it's a non-covered service - and for a provider to further discount from what the insurance states is patient responisibilty, it's a violation of their contract. For a non-covered service, it can be discounted if the patient asks.) If the bill is a result of a denial by the insurance, it's the patient's duty to inform the provider that they are going to appeal the denial and then the patient has to appeal it. 3. If an appeal is in order, the patient then calls the insurance and asks exactly what the process is - including contact info. Then follows that process to the letter. You'd be surprised how many people don't know this stuff!
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The big thing is to know their plan! For example - if they have a deductible, they need to exactly what it is and what it pertains to. (Hospital only, lab procedures, or all medical care.) They need to know what is covered - for example - if they have children, is preventative care covered? How much is allowed? Too many people get an ugly surprise when it comes to their kids' coverage. They need to know what providers (doctors, hospital, labs, etc.) are participating in their plan. You should also inform them what to do if they get a bill from a provider. The steps are: 1. Find out the exact reason for the bill - is it a copay, co-insurance, or a denied claim? Most plans send out EOBs (Explanaton of Benefits) to members - if not, they should call the insurance and get one. 2. If it's a large bill, call the provider and make a payment agreement. (If it's something the insurance has determined to be patient liability, RARELY can it be discounted further - the insurance has probably already discounted it, unless it's a non-covered service - and for a provider to further discount from what the insurance states is patient responisibilty, it's a violation of their contract. For a non-covered service, it can be discounted if the patient asks.) If the bill is a result of a denial by the insurance, it's the patient's duty to inform the provider that they are going to appeal the denial and then the patient has to appeal it. 3. If an appeal is in order, the patient then calls the insurance and asks exactly what the process is - including contact info. Then follows that process to the letter. You'd be surprised how many people don't know this stuff!
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