Many students simply don't realize they should have health insurance disease. Some of them know it's important but prefer to count on their college our university clinic when they become sick.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
Showing posts with label Health. Show all posts
Showing posts with label Health. Show all posts
Saturday, September 15, 2007
How To Find Affordable Student Health Insurance
Many students simply don't realize they should have health insurance disease. Some of them know it's important but prefer to count on their college our university clinic when they become sick.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
Tuesday, September 11, 2007
Health Insurance
by William Brister
Health policies can be divided into individual as well as group health coverage.
While an individual policy is purchased by the insured directly with the insurance company, in a group health insurance policy, the group is the master insured and the insurance company contracts with the group. Each member gets an insurance certificate which acts as the policy. Often group health insurance is less expensive than individual policies. Additionally it may also contain certain special coverage which may have been too costly for individuals.
Employer's Insurance - Million of people obtain their insurance through employment. After meeting certain criteria, the employee is eligible to be covered under the employer's group insurance policy. Medical insurance is also a common benefit of such a policy. The employer's insurance policy and coverage may vary with different organizations.
Individual Insurance - Some major health insurance companies offer a broad range of coverage and options to individuals, who pay directly for the cost of the insurance. Many insurance companies require a medical examination and comprehensive details before offering coverage to the individual.
Government Sponsored Insurance - Some state governments offer affordable health insurance benefits to their residents based on their income. These plans are designed for the poorer individuals who are employed but no health care coverage is available where they work. It allows the state to protect its residents from calamitous loss due to illness, disease or accident without placing an additional burden upon its program for the extremely poor and underprivileged.
Association Sponsored Insurance - There are some health insurance benefits available to people belonging to a group or organization by virtue of membership.
Primary and Secondary Coverage Many people have medical insurance from more than one insurance plan. To prevent double recovery or the insured making profit out of the insurance plan, the insurance company make provisions to determine how primary versus secondary coverage will be determined. Primary coverage is provided through an insurance plan of which the insured is a member or the plan under which the member has been a participant for a long duration. Secondary coverage, usually as a result of being covered as a dependent under someone else's health insurance plan, provides reimbursement for medical expenses after exhaustion of coverage available through the primary plan.
There are several types of policies sold by insurance companies to individuals. Some of the common insurance plans include:
Major Medical Expenses Hospital and Surgery Hospital Confinement Indemnity Health Maintenance Organizations (HMO) Specified Diseases Short Term and Long Term Care Accident Only Policy Dental Vision Home-Health Care Limited Benefit The different types of group health coverage include:
Fully Insured Employer Group Small Employer Group Large Employer Group Health Maintenance Organization (HMO) Self-Funded ERISA Association Group Group Managed Care Preferred Provider Organization
www.insuranceproguide.com
Health policies can be divided into individual as well as group health coverage.
While an individual policy is purchased by the insured directly with the insurance company, in a group health insurance policy, the group is the master insured and the insurance company contracts with the group. Each member gets an insurance certificate which acts as the policy. Often group health insurance is less expensive than individual policies. Additionally it may also contain certain special coverage which may have been too costly for individuals.
Employer's Insurance - Million of people obtain their insurance through employment. After meeting certain criteria, the employee is eligible to be covered under the employer's group insurance policy. Medical insurance is also a common benefit of such a policy. The employer's insurance policy and coverage may vary with different organizations.
Individual Insurance - Some major health insurance companies offer a broad range of coverage and options to individuals, who pay directly for the cost of the insurance. Many insurance companies require a medical examination and comprehensive details before offering coverage to the individual.
Government Sponsored Insurance - Some state governments offer affordable health insurance benefits to their residents based on their income. These plans are designed for the poorer individuals who are employed but no health care coverage is available where they work. It allows the state to protect its residents from calamitous loss due to illness, disease or accident without placing an additional burden upon its program for the extremely poor and underprivileged.
Association Sponsored Insurance - There are some health insurance benefits available to people belonging to a group or organization by virtue of membership.
Primary and Secondary Coverage Many people have medical insurance from more than one insurance plan. To prevent double recovery or the insured making profit out of the insurance plan, the insurance company make provisions to determine how primary versus secondary coverage will be determined. Primary coverage is provided through an insurance plan of which the insured is a member or the plan under which the member has been a participant for a long duration. Secondary coverage, usually as a result of being covered as a dependent under someone else's health insurance plan, provides reimbursement for medical expenses after exhaustion of coverage available through the primary plan.
There are several types of policies sold by insurance companies to individuals. Some of the common insurance plans include:
Major Medical Expenses Hospital and Surgery Hospital Confinement Indemnity Health Maintenance Organizations (HMO) Specified Diseases Short Term and Long Term Care Accident Only Policy Dental Vision Home-Health Care Limited Benefit The different types of group health coverage include:
Fully Insured Employer Group Small Employer Group Large Employer Group Health Maintenance Organization (HMO) Self-Funded ERISA Association Group Group Managed Care Preferred Provider Organization
www.insuranceproguide.com
Wednesday, September 5, 2007
Where to Compare Health Insurance to Get the Cheapest Rate
by Brian Stevens
Health insurance rates have gone through the roof, but there is a way to get affordable insurance. Here's how to compare health insurance to get the cheapest rate.
Types of Health Insurance
You have four basic plans to consider when comparing health insurance plans:
Indemnity plans (also called fee-for-service plans) - These plans let you use physicians and hospitals of your choice. Your insurance company pays a percentage of your bills, usually 80%, and you're responsible for the remaining 20%. There are yearly deductibles (the amount you pay before your insurance company starts paying claims), and some some companies set a lifetime limit on the total amount of benefits they will pay.
Indemnity plans are the most flexible, involve the most paperwork, and are the most costly health insurance plans.
HMOs (health maintenance organizations) - These plans set you up with a network of physicians and hospitals. You pay a monthly fee and your provider pays for physician visits, hospital costs, and prescriptions drugs. You must choose a primary care physician who oversees your medical care.
HMOs are the least flexible, involve the least paperwork, and are the least expensive plans.
PPOs (preferred provider organizations) - Like HMOs, these plans set you up with a network of hospitals and physicians, but unlike HMOs you pay for your medical services and are then reimbursed by your insurer. PPOs require co-payments (the percentage of the bill you pay), and if you use a non-network physician or hospital you will pay a larger portion of your bill than if you use a network physician or hospital.
PPOs are more flexible than HMOs, involve more paperwork, and cost slightly more than HMOs.
POSs (point of service plans) - These plans also set you up with a network of health care providers. Like an HMO, you must choose a primary care physician to oversee your health care, but unlike an HMO, you may choose to see physicians outside the network for an additional fee.
These plans are more flexible than HMOs and PPOs, involve less paperwork than PPOs, and cost more than HMOs or PPOs.
Compare Health Insurance Quotes
In order to get the best price on your health insurance you need to compare rates from different companies. The quickest and easiest way to do that is to visit an insurance comparison website where you can get multiple quotes from A-rated insurance companies. A few of these sites even offer an online chat service so you can ask an insurance expert any questions you may have. (See link below.)
Before you purchase a health insurance plan you should find out the following:
1. Does the plan pay for all the medical services you need?
2. Are there pre-existing conditions that will make you wait for coverage?
3. What co-payments, deductibles, and coinsurance payments are there?
4. Is the insurance company reliable and does it have a good rating?
http://www.goarticles.com/cgi-bin/showa.cgi?C=604566
Health insurance rates have gone through the roof, but there is a way to get affordable insurance. Here's how to compare health insurance to get the cheapest rate.
Types of Health Insurance
You have four basic plans to consider when comparing health insurance plans:
Indemnity plans (also called fee-for-service plans) - These plans let you use physicians and hospitals of your choice. Your insurance company pays a percentage of your bills, usually 80%, and you're responsible for the remaining 20%. There are yearly deductibles (the amount you pay before your insurance company starts paying claims), and some some companies set a lifetime limit on the total amount of benefits they will pay.
Indemnity plans are the most flexible, involve the most paperwork, and are the most costly health insurance plans.
HMOs (health maintenance organizations) - These plans set you up with a network of physicians and hospitals. You pay a monthly fee and your provider pays for physician visits, hospital costs, and prescriptions drugs. You must choose a primary care physician who oversees your medical care.
HMOs are the least flexible, involve the least paperwork, and are the least expensive plans.
PPOs (preferred provider organizations) - Like HMOs, these plans set you up with a network of hospitals and physicians, but unlike HMOs you pay for your medical services and are then reimbursed by your insurer. PPOs require co-payments (the percentage of the bill you pay), and if you use a non-network physician or hospital you will pay a larger portion of your bill than if you use a network physician or hospital.
PPOs are more flexible than HMOs, involve more paperwork, and cost slightly more than HMOs.
POSs (point of service plans) - These plans also set you up with a network of health care providers. Like an HMO, you must choose a primary care physician to oversee your health care, but unlike an HMO, you may choose to see physicians outside the network for an additional fee.
These plans are more flexible than HMOs and PPOs, involve less paperwork than PPOs, and cost more than HMOs or PPOs.
Compare Health Insurance Quotes
In order to get the best price on your health insurance you need to compare rates from different companies. The quickest and easiest way to do that is to visit an insurance comparison website where you can get multiple quotes from A-rated insurance companies. A few of these sites even offer an online chat service so you can ask an insurance expert any questions you may have. (See link below.)
Before you purchase a health insurance plan you should find out the following:
1. Does the plan pay for all the medical services you need?
2. Are there pre-existing conditions that will make you wait for coverage?
3. What co-payments, deductibles, and coinsurance payments are there?
4. Is the insurance company reliable and does it have a good rating?
http://www.goarticles.com/cgi-bin/showa.cgi?C=604566
Tuesday, August 28, 2007
Nevada Health Insurance At Affordable Values
by Carl Bentoy
Are you on the lookout for a reasonably priced health insurance? There is indeed some way to get one with lesser value than you expected. You sure can avail some high deductible health plan for less than a hundred dollars per month. This is lesser than any health insurance type.
Nevada offers low premium health insurance plans. They have health insurance plans with a High Deductible Health Plan. This type has a higher yearly deductible but with lower monthly premiums. This kind of health insurance plan starts for as low as $120 a month. Furthermore, it has an added Health Savings Account or HSA.
Health Savings Account is free of tax. You come up with this by the money spared from premiums. This way, you still have reserved money for your deductible once you will need it. If you will not use it, it will be accumulated and will earn interest for your future use. In less time, the amount you saved from premiums and taxes will exceed to your deductibles. When buying health insurance plans, do not neglect those with high deductible insurance plans. You will eventually be able to save a lot more.
To learn and inquire more on health insurances in Nevada, you may visit some insurance quote site on the Internet and request health insurance costs. After completing some forms, you will be sent choices for health insurance with low cost HMO, HAS, PPO and POS while just browsing online. Once you have the quotations, you can then proceed to visiting the insurance websites for more information.
Rates differ from each insurance company. It is important that you pick the best choice that you find appealing, convenient and suitable for you. You may request quotes from four to five insurance companies so you will have a wide range of options. Read and study carefully each of the policies offered by each insurer. Take into considerations the monthly premiums, out-of-the-pocket costs, and deductibles.
Nevada's health insurance sure provides a lot of wonderful things. It serves as your safety net should you get injured or get sick. It shoulders finances when it comes to maintaining your well-being screenings, series of tests, and necessary vaccines. It does not only provide you with health security but mentally and emotionally as well. You will then take comfort knowing you and your family is secured and well taken cared of. You sure will get the healthcare you truly deserve.
Carefully choose your health insurance provider and protect yourself and your family with the ample health coverage you are entitled of.
Are you on the lookout for a reasonably priced health insurance? There is indeed some way to get one with lesser value than you expected. You sure can avail some high deductible health plan for less than a hundred dollars per month. This is lesser than any health insurance type.
Nevada offers low premium health insurance plans. They have health insurance plans with a High Deductible Health Plan. This type has a higher yearly deductible but with lower monthly premiums. This kind of health insurance plan starts for as low as $120 a month. Furthermore, it has an added Health Savings Account or HSA.
Health Savings Account is free of tax. You come up with this by the money spared from premiums. This way, you still have reserved money for your deductible once you will need it. If you will not use it, it will be accumulated and will earn interest for your future use. In less time, the amount you saved from premiums and taxes will exceed to your deductibles. When buying health insurance plans, do not neglect those with high deductible insurance plans. You will eventually be able to save a lot more.
To learn and inquire more on health insurances in Nevada, you may visit some insurance quote site on the Internet and request health insurance costs. After completing some forms, you will be sent choices for health insurance with low cost HMO, HAS, PPO and POS while just browsing online. Once you have the quotations, you can then proceed to visiting the insurance websites for more information.
Rates differ from each insurance company. It is important that you pick the best choice that you find appealing, convenient and suitable for you. You may request quotes from four to five insurance companies so you will have a wide range of options. Read and study carefully each of the policies offered by each insurer. Take into considerations the monthly premiums, out-of-the-pocket costs, and deductibles.
Nevada's health insurance sure provides a lot of wonderful things. It serves as your safety net should you get injured or get sick. It shoulders finances when it comes to maintaining your well-being screenings, series of tests, and necessary vaccines. It does not only provide you with health security but mentally and emotionally as well. You will then take comfort knowing you and your family is secured and well taken cared of. You sure will get the healthcare you truly deserve.
Carefully choose your health insurance provider and protect yourself and your family with the ample health coverage you are entitled of.
Sunday, August 19, 2007
Solving Inheritance Tax issues by using life insurance
by Adam Singleton
Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield £3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the £300,000 threshold after your demise.
There is no shortage of financial advice on how to mitigate your IHT liability. That is because rising house prices combined with the government's refusal to increase the nil-rate threshold in line with house price inflation means that this pernicious tax is now within the reach of many ordinary, base rate taxpayers: not just the super rich, as originally intended.
Ways to help reduce your liability include reducing the size of your estate by using trusts, although the HMRC has been quick to close the loopholes over the last few years. Under certain conditions you can give your assets away, although if done within seven years of your death, this may ultimately not reduce your tax liability, and there are other complications that may nullify this charitable way of distributing your worldly goods.
Another answer could be life assurance, which provides a tax-free cash sum on death, capable of paying the IHT bill. For those who are married or in a joint civil partnership, taking out a joint-life second death policy would be the solution, as their estate is not subject to IHT on the first death. However, it is essential that this life insurance is written into trust, otherwise it will be taxed as part of the taxable estate - so rather than reducing the tax liability it will increase it.
Part of the planning challenge for this solution is being certain that you will expire before your policy does. There is no point having a sum assured to meet your tax liability if you outlive the policy. As a result, many would consider a whole-of-life life insurance product as the best alternative to the second death policy. This type of UK life insurance product pays out upon death and not after a fixed period. However, premiums tend to be higher with whole-of-life policies and can increase significantly over the period of the insurance.
Inheritance planning is very important and, before taking out any policy, it is important that you compare life insurance products, as the premiums will differ depending upon the cover and the company. In any case, get professional independent financial advice before committing to any life insurance purchase.
http://www.goarticles.com/cgi-bin/showa.cgi?C=585738
Originally devised as a tax on the super-rich, inheritance tax (IHT) is threatening more and more ordinary households in the UK. Indeed, over the last five years the estimated revenue from this tax has increased by 50% to annually yield £3billion into the HM Revenue & Customs coffers. It seems that in the future death will no longer be a valid reason to not pay tax for the majority of us. The chancellor will be pursuing 40% of your estate over the £300,000 threshold after your demise.
There is no shortage of financial advice on how to mitigate your IHT liability. That is because rising house prices combined with the government's refusal to increase the nil-rate threshold in line with house price inflation means that this pernicious tax is now within the reach of many ordinary, base rate taxpayers: not just the super rich, as originally intended.
Ways to help reduce your liability include reducing the size of your estate by using trusts, although the HMRC has been quick to close the loopholes over the last few years. Under certain conditions you can give your assets away, although if done within seven years of your death, this may ultimately not reduce your tax liability, and there are other complications that may nullify this charitable way of distributing your worldly goods.
Another answer could be life assurance, which provides a tax-free cash sum on death, capable of paying the IHT bill. For those who are married or in a joint civil partnership, taking out a joint-life second death policy would be the solution, as their estate is not subject to IHT on the first death. However, it is essential that this life insurance is written into trust, otherwise it will be taxed as part of the taxable estate - so rather than reducing the tax liability it will increase it.
Part of the planning challenge for this solution is being certain that you will expire before your policy does. There is no point having a sum assured to meet your tax liability if you outlive the policy. As a result, many would consider a whole-of-life life insurance product as the best alternative to the second death policy. This type of UK life insurance product pays out upon death and not after a fixed period. However, premiums tend to be higher with whole-of-life policies and can increase significantly over the period of the insurance.
Inheritance planning is very important and, before taking out any policy, it is important that you compare life insurance products, as the premiums will differ depending upon the cover and the company. In any case, get professional independent financial advice before committing to any life insurance purchase.
http://www.goarticles.com/cgi-bin/showa.cgi?C=585738
Saturday, August 18, 2007
Mortgage Insurance: Mortgage Insurance Is Not Life Insurance
by Gerry Marsh
Private Mortgage Insurance is a type of insurance that the lender requires when the mortgage loan balance is greater than 80% of the value of the property. It is like any other insurance in that there is a person who pays the premiums, that is you, and a beneficiary, which is the lender. Mortgage insurance is a type of guaranty that helps protect lenders against the cost of foreclosure. It's important to understand that the primary and only real purpose for mortgage insurance is to protect your lender -- not you. There is much confusion about this that I hope to clarify.
Mortgage Insurance Defined
"Mortgage Insurance" is a term used by two distinct groups to mean two entirely different things. To lenders, the term "mortgage insurance" means Private Mortgage Insurance, or PMI. Mortgage Guaranty Insurance Corporation (MGIC) originated PMI in the 1950s to assist in getting lender approval on an loans considered too risky to be otherwise acceptable. This helped borrows qualify for higher value homes or to qualify for the home they wanted by putting less money down.
Before PMI was available you needed to have 20 percent of the purchase price as a down payment - plus, of course, enough money for the other closing costs. This requirement kept many people from qualifying for a home loan. With the advent of Private Mortgage Insurance, the down payment requirement was reduced to 10 percent and later to only 5 percent. Lenders could safely loan the higher amounts because if the borrower defaulted the mortgage insurance would pay off the loan.
Mortgage insurance was the perfect answer to help stimulate the economy because it allowed people with good credit and good earnings to get into their dream home without having to wait until they accumulate a large amount of savings.
Lenders
Lenders usually consider any mortgage that has less than 20% down as being a "high risk" mortgage. Lenders usually require private mortgage insurance on low down payment loans for protection in the event that the homeowner fails to make his or her payments. Most lenders who use private mortgage insurance make their requests through a provision known as Direct Endorsement. This which authorizes them to consider applications without submitting paperwork to HUD.
The nation's largest owners of home mortgages, Fannie Mae and Freddie Mac, instruct their lenders to cancel the insurance if a borrower has made payments on time, the loan has been in effect for at least 24 months, and the owner's equity is at least 20%. Most lenders today permit you to cancel the PMI after a certain time has past. Borrowers should contact their loan servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity.
Lenders have some leeway to refuse to cancel your PMI if you are not current on your payments, if there are liens against the property or if you have an exceptional amount of debt based on your income.
The Borrower
Borrowers can expect faster loan approval, less paperwork and more variety in premium plans when their lenders choose to buy private mortgage insurance. Home purchasers who cannot make a down payment of 20% today have three ways to go: traditional borrower-pay mortgage insurance; second or "piggyback" mortgages; and lender-pay mortgage insurance. Private mortgage insurance does not give you additional homeowners insurance coverage, but it does give the bank insurance just in case you do not fulfill your obligations by not paying your mortgage payments.
In Summary
Mortgage insurance is typically required for loans with less than 20% down payment using conventional financing. It is insurance that protects your lender against non-payment should you default on your loan. If the borrower dies, the loan is not paid off. Mortgage insurance only pays off the loan if the borrow defaults. Unlike Mortgage Life Insurance, you cannot name beneficiary - it is always the lender.
http://www.goarticles.com/cgi-bin/showa.cgi?C=584980
Private Mortgage Insurance is a type of insurance that the lender requires when the mortgage loan balance is greater than 80% of the value of the property. It is like any other insurance in that there is a person who pays the premiums, that is you, and a beneficiary, which is the lender. Mortgage insurance is a type of guaranty that helps protect lenders against the cost of foreclosure. It's important to understand that the primary and only real purpose for mortgage insurance is to protect your lender -- not you. There is much confusion about this that I hope to clarify.
Mortgage Insurance Defined
"Mortgage Insurance" is a term used by two distinct groups to mean two entirely different things. To lenders, the term "mortgage insurance" means Private Mortgage Insurance, or PMI. Mortgage Guaranty Insurance Corporation (MGIC) originated PMI in the 1950s to assist in getting lender approval on an loans considered too risky to be otherwise acceptable. This helped borrows qualify for higher value homes or to qualify for the home they wanted by putting less money down.
Before PMI was available you needed to have 20 percent of the purchase price as a down payment - plus, of course, enough money for the other closing costs. This requirement kept many people from qualifying for a home loan. With the advent of Private Mortgage Insurance, the down payment requirement was reduced to 10 percent and later to only 5 percent. Lenders could safely loan the higher amounts because if the borrower defaulted the mortgage insurance would pay off the loan.
Mortgage insurance was the perfect answer to help stimulate the economy because it allowed people with good credit and good earnings to get into their dream home without having to wait until they accumulate a large amount of savings.
Lenders
Lenders usually consider any mortgage that has less than 20% down as being a "high risk" mortgage. Lenders usually require private mortgage insurance on low down payment loans for protection in the event that the homeowner fails to make his or her payments. Most lenders who use private mortgage insurance make their requests through a provision known as Direct Endorsement. This which authorizes them to consider applications without submitting paperwork to HUD.
The nation's largest owners of home mortgages, Fannie Mae and Freddie Mac, instruct their lenders to cancel the insurance if a borrower has made payments on time, the loan has been in effect for at least 24 months, and the owner's equity is at least 20%. Most lenders today permit you to cancel the PMI after a certain time has past. Borrowers should contact their loan servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity.
Lenders have some leeway to refuse to cancel your PMI if you are not current on your payments, if there are liens against the property or if you have an exceptional amount of debt based on your income.
The Borrower
Borrowers can expect faster loan approval, less paperwork and more variety in premium plans when their lenders choose to buy private mortgage insurance. Home purchasers who cannot make a down payment of 20% today have three ways to go: traditional borrower-pay mortgage insurance; second or "piggyback" mortgages; and lender-pay mortgage insurance. Private mortgage insurance does not give you additional homeowners insurance coverage, but it does give the bank insurance just in case you do not fulfill your obligations by not paying your mortgage payments.
In Summary
Mortgage insurance is typically required for loans with less than 20% down payment using conventional financing. It is insurance that protects your lender against non-payment should you default on your loan. If the borrower dies, the loan is not paid off. Mortgage insurance only pays off the loan if the borrow defaults. Unlike Mortgage Life Insurance, you cannot name beneficiary - it is always the lender.
http://www.goarticles.com/cgi-bin/showa.cgi?C=584980
Friday, August 17, 2007
How to Get the Best Health Insurance Price
by Brian Stevens
Health insurance is a must in today's climate of rising health care costs. If you aren't fortunate enough to receive health insurance through your employer, here's how to get the best price on health insurance on your own.
What Kind of Health Insurance Do You Need?
You don't want to pay for more health insurance than you need, but you do want to make sure you are protected. The first thing you need to do is decide what kind of health insurance you need. Begin by asking yourself these questions:
* How much can I pay for co-payments and deductibles? The higher you set these items, the lower your premiums will be, but you need to make sure you can pay them.
* Do I need short term or long term health insurance? If you expect to get a job that will include health insurance, short term health insurance will cover you until your employer plan begins.
* Do I need basic or comprehensive coverage? Basic coverage covers hospitalization and inpatient/outpatient surgery, while comprehensive coverage can also include doctor visits, preventative care, and prescriptions.
* Do I have a particular doctor or hospital I prefer? You'll want to make sure your preferred doctor and hospital accepts your insurance.
Find the Best Price on Health Insurance
Now you can start looking for the best price on health insurance. Begin your search by going to an insurance comparison website. These websites make it fast and easy for you to get and compare quotes from different insurance companies. All you do is fill out one simple form with information about yourself and your insurance needs, and you'll soon get quotes from multiple A-rated health insurance companies.
www.LowerRateQuotes.com
Health insurance is a must in today's climate of rising health care costs. If you aren't fortunate enough to receive health insurance through your employer, here's how to get the best price on health insurance on your own.
What Kind of Health Insurance Do You Need?
You don't want to pay for more health insurance than you need, but you do want to make sure you are protected. The first thing you need to do is decide what kind of health insurance you need. Begin by asking yourself these questions:
* How much can I pay for co-payments and deductibles? The higher you set these items, the lower your premiums will be, but you need to make sure you can pay them.
* Do I need short term or long term health insurance? If you expect to get a job that will include health insurance, short term health insurance will cover you until your employer plan begins.
* Do I need basic or comprehensive coverage? Basic coverage covers hospitalization and inpatient/outpatient surgery, while comprehensive coverage can also include doctor visits, preventative care, and prescriptions.
* Do I have a particular doctor or hospital I prefer? You'll want to make sure your preferred doctor and hospital accepts your insurance.
Find the Best Price on Health Insurance
Now you can start looking for the best price on health insurance. Begin your search by going to an insurance comparison website. These websites make it fast and easy for you to get and compare quotes from different insurance companies. All you do is fill out one simple form with information about yourself and your insurance needs, and you'll soon get quotes from multiple A-rated health insurance companies.
www.LowerRateQuotes.com
Wednesday, August 15, 2007
Health Insurance for Senior Citizens - How to Get the Best Rate
by Brian Stevens
As a senior citizen, you may find yourself in a health insurance crisis - no longer covered by an employer's health insurance policy but needing health insurance more than you ever did before. Of course, Medicare covers some of your medical expenses, but how can you get the best rate on health insurance to cover the gaps Medicare leaves?
What Medicare Covers
Once you are 65 years old, you're eligible to enroll in Medicare. Medicare can include several programs:
* Medicare Part A, which helps cover inpatient hospital care, nursing home care, hospice care, and some home health care. Most people pay for this coverage through taxes, so they do not pay a deductible or monthly premium.
* Medicare Part B, which helps cover doctors' services, outpatient hospital care, medical equipment, physical and occupational therapy and some home health care. Most people pay an annual deductible and a monthly premium for this health plan.
* Medicare Part C, Medicare Advantage Plan, which offers you more choices among health plans and extends your benefits.
* Medicare Part D, prescription drug coverage.
In addition, you may need MediGap coverage, which is health insurance that covers what Medicare does not.
Affordable Health Insurance for Senior Citizens
As you can see, health insurance for senior citizens can be confusing. Fortunately, insurance comparison websites can help you gain a clear picture of what health insurance you need, as well as help you find that insurance at a reasonable rate.
All you need to do is go to an insurance comparison website and complete a simple form with information about yourself and your insurance needs. Once you submit the form, you will soon receive quotes for affordable health insurance from multiple A-rated insurance companies. And at the best insurance comparison websites, insurance professionals are standing by to talk with you and answer any health insurance questions you have.
http://www.goarticles.com/cgi-bin/showa.cgi?C=581548
As a senior citizen, you may find yourself in a health insurance crisis - no longer covered by an employer's health insurance policy but needing health insurance more than you ever did before. Of course, Medicare covers some of your medical expenses, but how can you get the best rate on health insurance to cover the gaps Medicare leaves?
What Medicare Covers
Once you are 65 years old, you're eligible to enroll in Medicare. Medicare can include several programs:
* Medicare Part A, which helps cover inpatient hospital care, nursing home care, hospice care, and some home health care. Most people pay for this coverage through taxes, so they do not pay a deductible or monthly premium.
* Medicare Part B, which helps cover doctors' services, outpatient hospital care, medical equipment, physical and occupational therapy and some home health care. Most people pay an annual deductible and a monthly premium for this health plan.
* Medicare Part C, Medicare Advantage Plan, which offers you more choices among health plans and extends your benefits.
* Medicare Part D, prescription drug coverage.
In addition, you may need MediGap coverage, which is health insurance that covers what Medicare does not.
Affordable Health Insurance for Senior Citizens
As you can see, health insurance for senior citizens can be confusing. Fortunately, insurance comparison websites can help you gain a clear picture of what health insurance you need, as well as help you find that insurance at a reasonable rate.
All you need to do is go to an insurance comparison website and complete a simple form with information about yourself and your insurance needs. Once you submit the form, you will soon receive quotes for affordable health insurance from multiple A-rated insurance companies. And at the best insurance comparison websites, insurance professionals are standing by to talk with you and answer any health insurance questions you have.
http://www.goarticles.com/cgi-bin/showa.cgi?C=581548
Tuesday, August 14, 2007
Personal Health Insurance
by Lazybear
Health is an essential part of everyday life. Without it, even the simplest tasks become more difficult. Whether you have a toothache, a back injury, or a bronchial infection, your life quality suffers and so do you. Therefore, you need medical treatments. But what about the cost?
Of course, most of us have group insurance plans, such as through your employer, you have to accept the coverages and deductibles they offer. However, one size doesn't necessarily fit all when it comes to personal health problem.
First of all, let's clarify what is Personal Health Insurance. There are many different types of policies that can meet your various needs. In one word, it can be anything you need it to be.
* If you have recently lost health coverage, but are expecting to get new coverage within a year, a short-term health insurance plan may be right for you. * Comprehensive insurance policy is to cover you and your entire family long-term. * Supplement insurance is to cover gaps in your existing health insurance policy.
Secondly, we must be aware that personal health insurance may be more costly than group ones because you are shouldering the cost by your own instead of sharing the cost with your employee. Following are some useful tips that can help you get the best rate on your personal health insurance plan.
* To see if your auto and home insurance company also offers health insurance and if so, whether you can get a discount. Most of the insurance companies can offer discount to the old clients. * Set your deductible as high as you can offer. * If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
Thirdly, you must want to know vaguely how much does it cost. Take the shot-term individual health insurance for example, Short-term health insurance tends to be significantly cheaper than other types of insurance, including COBRA continuation coverage. Some people may qualify for comprehensive coverage for less than $100/month. This is why some people who lose their job-based insurance choose short-term policies rather than electing COBRA. If you do decide to buy a short-term health insurance policy, make sure you understand what you are getting for your money. If you find a policy for $50/month, but it has a $3000 deductible per injury or illness, you will be paying for virtually all of your medical expenses out of pocket.
www.insurance4000.com
Health is an essential part of everyday life. Without it, even the simplest tasks become more difficult. Whether you have a toothache, a back injury, or a bronchial infection, your life quality suffers and so do you. Therefore, you need medical treatments. But what about the cost?
Of course, most of us have group insurance plans, such as through your employer, you have to accept the coverages and deductibles they offer. However, one size doesn't necessarily fit all when it comes to personal health problem.
First of all, let's clarify what is Personal Health Insurance. There are many different types of policies that can meet your various needs. In one word, it can be anything you need it to be.
* If you have recently lost health coverage, but are expecting to get new coverage within a year, a short-term health insurance plan may be right for you. * Comprehensive insurance policy is to cover you and your entire family long-term. * Supplement insurance is to cover gaps in your existing health insurance policy.
Secondly, we must be aware that personal health insurance may be more costly than group ones because you are shouldering the cost by your own instead of sharing the cost with your employee. Following are some useful tips that can help you get the best rate on your personal health insurance plan.
* To see if your auto and home insurance company also offers health insurance and if so, whether you can get a discount. Most of the insurance companies can offer discount to the old clients. * Set your deductible as high as you can offer. * If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
Thirdly, you must want to know vaguely how much does it cost. Take the shot-term individual health insurance for example, Short-term health insurance tends to be significantly cheaper than other types of insurance, including COBRA continuation coverage. Some people may qualify for comprehensive coverage for less than $100/month. This is why some people who lose their job-based insurance choose short-term policies rather than electing COBRA. If you do decide to buy a short-term health insurance policy, make sure you understand what you are getting for your money. If you find a policy for $50/month, but it has a $3000 deductible per injury or illness, you will be paying for virtually all of your medical expenses out of pocket.
www.insurance4000.com
Monday, August 13, 2007
Family Health Insurance Plans
Family health insurance plans are available from a variety of providers and offer coverage for spouses and children for anything from a regular check-up to an emergency like a broken leg. Receiving such coverage is very popular through employers. Also, using local insurers provides the opportunity to pursue coverage. Both of these options allow the consumer to receive valuable information on the family health insurance plan that will best suit the needs of the members of the family.
Seeking coverage through an employer is a great way to receive a policy. Most employers have an insurer that is utilized to provide benefits to employees. Usually these employers will pay a portion of the fees for the family health insurance plans that are offered. As an employee becomes eligible for coverage, the company will provide information on various policies and plans that can be purchased for use by the individual or as a family health insurance plan. With the review of benefits of the various plans, the choice can be made and usually the payments can be taken out of the paycheck of the individual.
Using local insurers to receive information and coverage is another popular way to pursue insurance. If employment does not provide insurance or if the individual is unemployed, local insurers are a great choice to find assistance. There are a variety of insurers that have the ability to offer information, policies, and quotes to consumers in search of insurance. Using a well known company or a company that carries other policies for the parents and children, such as automobile or homeowners coverage is a good way to receive information and possibly a discount on family health insurance plans.
Coverage can be found through a variety of companies and services. Consumers often have the ability to receive information and coverage for a family health insurance plan from employers. Local insurers also have the ability to offer information and quotes. This coverage is important for families to pursue because of the many illnesses, diseases, and medical conditions that may arise within the family. Preparing for health issues is very important, especially for Christian families. Family health insurance plans have the ability to provide peace of mind, much like the belief and trust in God. "Finally, brethren, farewell. Be perfect, be of good comfort, be of one mind, live in peace; and the God of love and peace shall be with you."
www.christianet.com
Seeking coverage through an employer is a great way to receive a policy. Most employers have an insurer that is utilized to provide benefits to employees. Usually these employers will pay a portion of the fees for the family health insurance plans that are offered. As an employee becomes eligible for coverage, the company will provide information on various policies and plans that can be purchased for use by the individual or as a family health insurance plan. With the review of benefits of the various plans, the choice can be made and usually the payments can be taken out of the paycheck of the individual.
Using local insurers to receive information and coverage is another popular way to pursue insurance. If employment does not provide insurance or if the individual is unemployed, local insurers are a great choice to find assistance. There are a variety of insurers that have the ability to offer information, policies, and quotes to consumers in search of insurance. Using a well known company or a company that carries other policies for the parents and children, such as automobile or homeowners coverage is a good way to receive information and possibly a discount on family health insurance plans.
Coverage can be found through a variety of companies and services. Consumers often have the ability to receive information and coverage for a family health insurance plan from employers. Local insurers also have the ability to offer information and quotes. This coverage is important for families to pursue because of the many illnesses, diseases, and medical conditions that may arise within the family. Preparing for health issues is very important, especially for Christian families. Family health insurance plans have the ability to provide peace of mind, much like the belief and trust in God. "Finally, brethren, farewell. Be perfect, be of good comfort, be of one mind, live in peace; and the God of love and peace shall be with you."
www.christianet.com
Sunday, August 12, 2007
10 Tips for Replacing Health Insurance Coverage
Changing health insurance is a ritual part of changing jobs, graduating from school or starting your own business. Fortunately it is now a lot easier and less expensive than in the past. Medsave.com is the nation’s largest online benefits enrollment service that offers this type of fast, affordable and reliable coverage nationally with policies issued within one business day. These ten tips will help you find the best value:
1. Avoid changing health insurance companies if you have a serious medical condition. Instead, contact your current insurer directly to ask about “continuation of coverage” options. Almost every health insurance company offers “individual conversions” from group plans when coverage is not available under the law known as COBRA. Individual insurance policies are not designed to pay for the cost of treating pre-existing medical conditions, but rather are designed to pay for new problems that may arise after the insurance is in force. If you have serious medical conditions and absolutely must change health insurance companies, then learn about the state-mandate or assigned risk health plan in your state (these special insurance plans are not handled by MedSave.com and are only available “offline”).
2. Think short term. Most people who buy their own health insurance change their coverage in less than a year. Buy the plan that offers you the best deal now without concern for whether it will be available in a year. Next year an entirely new generation of health plans will be available. A plan that you bought more than a year ago would not likely represent the best value for you today. Use short-term medical insurance plans, student medical plans or foreign travel insurance plans if you qualify. These offer better deals if you qualify.
3.Choose a higher deductible. By taking a $1000 deductible, you will save more than $1000 in premium payments over a year's time. This should be an easy decision from a mathematical viewpoint. Some young people can buy a high deductible insurance plan for less than $50 per month to cover any serious medical issues.
4. Use free enrollment offers. With an increasing number of plans now charging an up-front enrollment fee, look for deals to save the enrollment fee whenever possible. MedSave.com pays the enrollment fee for anyone switching from a short term to a permanent insurance plan. Also, Health Savings Accounts (listed below) are free to those who enroll in insurance at the same time.
5.Choose indemnity type insurance and avoid HMOs whenever possible. This lets you and your doctor maintain control of your medical care. There are no required “networks”; you choose your own doctor and hospital and are free to switch at any time. There are no limits on travel, since this type of coverage is equally valid everywhere in the country.
6. Take a separate plan if you travel outside the U.S. Most U.S. plans provide weak foreign travel benefits and most worldwide plans provide weak coverage in the U.S. SO it is best to carry separate plans tailored to your travel schedule.
7. Be aware of state-specific issues where you live. Each state controls its own health insurance laws. Four states – MA, NJ, NY and VT – make it nearly impossible for its individual citizens to buy low cost health insurance. Residents of those four states must be prepared to pay more than those living or visiting other states.
8.Pay for several months of coverage at once whenever possible.Quarterly or semi-annual billing is less expensive than month-to-month billing. Since most plans accept credit cards, it even makes financial sense to “charge it” at a lower premium rate and then pay off your own credit card over a few months. The savings in insurance cost will be more than the credit card finance charges. Be aware that a few health insurance plans do not issue refunds if you cancel before the end of the period of paid coverage.
9. Avoid the lesser-known insurance companies. Use the larger, well-known national insurance companies with strong consumer reputations. Health insurance premium rates are based directly on the benefits that the insurer pays out to policyholders. It makes no sense to enroll into a plan where there is a known issue of claims problems in order to find lower premium rates. All of the large national insurance companies leaders listed at MedSave.com maintain above average reputations for customer service and claims handling. Try to use the insurance companies that are market share leaders in your specific community. If you are unfamiliar with the companies available, an independent enrollment adviser can list the market share leaders in the specific type of coverage that is best suited to your situation.
10.Use a Health Savings Account.Pay for out-of-pocket expenses with tax-deductible money. Health Savings Accounts require a specific type of insurance that is not available to everyone. There are usually no commissions, account fees or charges for those who qualify for this type of health plan.
http://health-insurance-temporary.blogspot.com
1. Avoid changing health insurance companies if you have a serious medical condition. Instead, contact your current insurer directly to ask about “continuation of coverage” options. Almost every health insurance company offers “individual conversions” from group plans when coverage is not available under the law known as COBRA. Individual insurance policies are not designed to pay for the cost of treating pre-existing medical conditions, but rather are designed to pay for new problems that may arise after the insurance is in force. If you have serious medical conditions and absolutely must change health insurance companies, then learn about the state-mandate or assigned risk health plan in your state (these special insurance plans are not handled by MedSave.com and are only available “offline”).
2. Think short term. Most people who buy their own health insurance change their coverage in less than a year. Buy the plan that offers you the best deal now without concern for whether it will be available in a year. Next year an entirely new generation of health plans will be available. A plan that you bought more than a year ago would not likely represent the best value for you today. Use short-term medical insurance plans, student medical plans or foreign travel insurance plans if you qualify. These offer better deals if you qualify.
3.Choose a higher deductible. By taking a $1000 deductible, you will save more than $1000 in premium payments over a year's time. This should be an easy decision from a mathematical viewpoint. Some young people can buy a high deductible insurance plan for less than $50 per month to cover any serious medical issues.
4. Use free enrollment offers. With an increasing number of plans now charging an up-front enrollment fee, look for deals to save the enrollment fee whenever possible. MedSave.com pays the enrollment fee for anyone switching from a short term to a permanent insurance plan. Also, Health Savings Accounts (listed below) are free to those who enroll in insurance at the same time.
5.Choose indemnity type insurance and avoid HMOs whenever possible. This lets you and your doctor maintain control of your medical care. There are no required “networks”; you choose your own doctor and hospital and are free to switch at any time. There are no limits on travel, since this type of coverage is equally valid everywhere in the country.
6. Take a separate plan if you travel outside the U.S. Most U.S. plans provide weak foreign travel benefits and most worldwide plans provide weak coverage in the U.S. SO it is best to carry separate plans tailored to your travel schedule.
7. Be aware of state-specific issues where you live. Each state controls its own health insurance laws. Four states – MA, NJ, NY and VT – make it nearly impossible for its individual citizens to buy low cost health insurance. Residents of those four states must be prepared to pay more than those living or visiting other states.
8.Pay for several months of coverage at once whenever possible.Quarterly or semi-annual billing is less expensive than month-to-month billing. Since most plans accept credit cards, it even makes financial sense to “charge it” at a lower premium rate and then pay off your own credit card over a few months. The savings in insurance cost will be more than the credit card finance charges. Be aware that a few health insurance plans do not issue refunds if you cancel before the end of the period of paid coverage.
9. Avoid the lesser-known insurance companies. Use the larger, well-known national insurance companies with strong consumer reputations. Health insurance premium rates are based directly on the benefits that the insurer pays out to policyholders. It makes no sense to enroll into a plan where there is a known issue of claims problems in order to find lower premium rates. All of the large national insurance companies leaders listed at MedSave.com maintain above average reputations for customer service and claims handling. Try to use the insurance companies that are market share leaders in your specific community. If you are unfamiliar with the companies available, an independent enrollment adviser can list the market share leaders in the specific type of coverage that is best suited to your situation.
10.Use a Health Savings Account.Pay for out-of-pocket expenses with tax-deductible money. Health Savings Accounts require a specific type of insurance that is not available to everyone. There are usually no commissions, account fees or charges for those who qualify for this type of health plan.
http://health-insurance-temporary.blogspot.com
Saturday, August 11, 2007
Free Life Insurance Quotes - Where to Get the Best Rates
by Brian Stevens
Looking for free life insurance quotes? Here's where to get the best rates.
Why Life Insurance?
If you die, your family needs the protection of life insurance to ensure that ...
* They can continue to pay the mortgage.
* Your kids can afford to go to college.
* They can pay any medical bills and funeral costs.
If you don't have life insurance yet, or if you need to increase the amount of life insurance you have, don't delay. Start looking now for the best rates on life insurance to protect your family.
But I Have Life Insurance Through my Job
If your employer offers you life insurance as a benefit, that's great. However, it's probably not enough to protect your family, especially if you have young children.
Most employer life insurance plans offer an amount equal to one or two times your annual salary, while experts recommend you carry at least five times your annual salary in life insurance. Therefore, you need to get extra life insurance to fully protect your family.
Keep Your Insurance Costs Down
To help you get the best rate on your life insurance, follow these tips:
* Choose term life insurance, which is the least expensive type life insurance.
* Buy your life insurance when you're young and in good health. As you get older, your premium increases. * Live a healthy lifestyle - don't use tobacco, maintain an appropriate weight, and exercise regularly.
The Best Rates are on the Internet - and the Quotes are Free!
For free, competitive life insurance quotes, just sit down at your computer and go to an insurance comparison website. On these websites you'll complete a form with information about your
* Health
* Job
* Hobbies
* Insurance needs
On the best comparison websites, you can even talk with insurance professionals online or by phone and get quick answers to your life insurance questions. (See link below.)
Once all your questions are answered and you submit your form, you will then get free, fast quotes from multiple A+ rated life insurance companies. Then all you have to do is choose the best rate!
http://www.LowerRateQuotes.com
Looking for free life insurance quotes? Here's where to get the best rates.
Why Life Insurance?
If you die, your family needs the protection of life insurance to ensure that ...
* They can continue to pay the mortgage.
* Your kids can afford to go to college.
* They can pay any medical bills and funeral costs.
If you don't have life insurance yet, or if you need to increase the amount of life insurance you have, don't delay. Start looking now for the best rates on life insurance to protect your family.
But I Have Life Insurance Through my Job
If your employer offers you life insurance as a benefit, that's great. However, it's probably not enough to protect your family, especially if you have young children.
Most employer life insurance plans offer an amount equal to one or two times your annual salary, while experts recommend you carry at least five times your annual salary in life insurance. Therefore, you need to get extra life insurance to fully protect your family.
Keep Your Insurance Costs Down
To help you get the best rate on your life insurance, follow these tips:
* Choose term life insurance, which is the least expensive type life insurance.
* Buy your life insurance when you're young and in good health. As you get older, your premium increases. * Live a healthy lifestyle - don't use tobacco, maintain an appropriate weight, and exercise regularly.
The Best Rates are on the Internet - and the Quotes are Free!
For free, competitive life insurance quotes, just sit down at your computer and go to an insurance comparison website. On these websites you'll complete a form with information about your
* Health
* Job
* Hobbies
* Insurance needs
On the best comparison websites, you can even talk with insurance professionals online or by phone and get quick answers to your life insurance questions. (See link below.)
Once all your questions are answered and you submit your form, you will then get free, fast quotes from multiple A+ rated life insurance companies. Then all you have to do is choose the best rate!
http://www.LowerRateQuotes.com
Friday, August 10, 2007
While comparing a health insurance
by Adam Jaylin
Finding a good health insurance that is cheap and best is a daunting task. For that one has to do enough research and analysis to discover the most suitable insurance plan that could give him maximum benefit. Generally health insurances are less expensive compared to other insurance plans. Though many of us neglect the idea of health insurance, it is important that we should protect ourselves from illness and other health hazards.
No doubt there are plenty of insurance providers that offer a wide range of insurance policies and in a sea of options available in the market it is not easy to find the right kind of coverage in a right price. But, this difficulty can be overcome if one compares insurance plans of different providers through different perspectives.
A proper approach and a little bit of awareness can help a buyer to compare health insurance. Firstly in case of people who are employed, he should enquire about the health insurance coverage given by his office. Usually employers provide better insurance options, so it is always sensible to opt for such insurance to save more and get comprehensive coverage.
Again while opting for a health insurance one should compare insurance in terms of the time it takes to take care of the medical problem and also the time period they require to provide a physician attention, because some plans will make people wait for a long period to see a physician, while others gives instant attention.
Also, before buying a health insurance plan one should also compare Fee-for-service, Preferred Provider Organizations (PPOs), Point of Service (POS) and Health Maintenance Organization (HMO) insurance plans. In case of PPOs plans one has to choose a physician from the list of physicians coming under this plan. So, in such plans the greatest disadvantage is that the insurer cannot change his doctors. On the other hand, though HMOs are highly restrictive in allowing service flexibility they are less expensive in terms of health benefits.
Therefore before going for a health insurance one should compare various aspects of the insurance plan, such as home health care, choice of doctors, level of paperwork, location of hospitals, monthly premium, deductible, co-insurance amount, annual limits on pay out and maximum out of pocket benefit in one year etc. A buyer should also compare the amount promised for surgery, mammograms, X-rays and other preventative tests. One should also compare insurance plans in terms of the coverages offered for immunizations, and maternity, mental health, dental, vision and baby Care.
ukonlinemarket.co.uk
Finding a good health insurance that is cheap and best is a daunting task. For that one has to do enough research and analysis to discover the most suitable insurance plan that could give him maximum benefit. Generally health insurances are less expensive compared to other insurance plans. Though many of us neglect the idea of health insurance, it is important that we should protect ourselves from illness and other health hazards.
No doubt there are plenty of insurance providers that offer a wide range of insurance policies and in a sea of options available in the market it is not easy to find the right kind of coverage in a right price. But, this difficulty can be overcome if one compares insurance plans of different providers through different perspectives.
A proper approach and a little bit of awareness can help a buyer to compare health insurance. Firstly in case of people who are employed, he should enquire about the health insurance coverage given by his office. Usually employers provide better insurance options, so it is always sensible to opt for such insurance to save more and get comprehensive coverage.
Again while opting for a health insurance one should compare insurance in terms of the time it takes to take care of the medical problem and also the time period they require to provide a physician attention, because some plans will make people wait for a long period to see a physician, while others gives instant attention.
Also, before buying a health insurance plan one should also compare Fee-for-service, Preferred Provider Organizations (PPOs), Point of Service (POS) and Health Maintenance Organization (HMO) insurance plans. In case of PPOs plans one has to choose a physician from the list of physicians coming under this plan. So, in such plans the greatest disadvantage is that the insurer cannot change his doctors. On the other hand, though HMOs are highly restrictive in allowing service flexibility they are less expensive in terms of health benefits.
Therefore before going for a health insurance one should compare various aspects of the insurance plan, such as home health care, choice of doctors, level of paperwork, location of hospitals, monthly premium, deductible, co-insurance amount, annual limits on pay out and maximum out of pocket benefit in one year etc. A buyer should also compare the amount promised for surgery, mammograms, X-rays and other preventative tests. One should also compare insurance plans in terms of the coverages offered for immunizations, and maternity, mental health, dental, vision and baby Care.
ukonlinemarket.co.uk
Tuesday, August 7, 2007
Personal Health Insurance Plan - How to Get the Best Rate
by Brian Stevens
One size doesn't necessarily fit all when it comes to health insurance. But if you have a group insurance plan, such as through your employer, you have to accept the coverages and deductibles they offer. A personal health insurance plan, on the other hand, lets you pick the coverages that are right for your health needs and that fit your budget.
What Is Personal Health Insurance?
A personal health insurance plan can be anything you need it to be:
* A comprehensive insurance policy to cover you and your entire family long-term.
* A short-term insurance policy to cover you when you are between jobs.
* A supplement to cover gaps in your existing health insurance policy.
Saving on Personal Health Insurance
Personal health insurance plans may be more costly than group plans because you are not sharing the cost with your employee. To help you get the best rate on your personal health insurance plan, follow these tips:
* See if your auto and home insurance company also offers health insurance and if so, whether you can get a discount.
* If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
* Set your deductible as high as you can afford.
Buying Personal Health Insurance
Ready to investigate how personal health insurance can help you? Begin by visiting an insurance comparison website, where you can
* Get quotes for your personal health insurance plan. * Chat with insurance professionals and get answers to all your questions about personal health insurance. (See link below).
To get your quotes, you complete a form with information about yourself and your insurance needs. You then receive quotes from multiple A-rated health insurance companies and can choose the plan that's best for you.
With a little time spent comparison shopping, you can find the best rate possible for your personal health insurance plan.
LowerRateQuotes.com
One size doesn't necessarily fit all when it comes to health insurance. But if you have a group insurance plan, such as through your employer, you have to accept the coverages and deductibles they offer. A personal health insurance plan, on the other hand, lets you pick the coverages that are right for your health needs and that fit your budget.
What Is Personal Health Insurance?
A personal health insurance plan can be anything you need it to be:
* A comprehensive insurance policy to cover you and your entire family long-term.
* A short-term insurance policy to cover you when you are between jobs.
* A supplement to cover gaps in your existing health insurance policy.
Saving on Personal Health Insurance
Personal health insurance plans may be more costly than group plans because you are not sharing the cost with your employee. To help you get the best rate on your personal health insurance plan, follow these tips:
* See if your auto and home insurance company also offers health insurance and if so, whether you can get a discount.
* If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.
* Set your deductible as high as you can afford.
Buying Personal Health Insurance
Ready to investigate how personal health insurance can help you? Begin by visiting an insurance comparison website, where you can
* Get quotes for your personal health insurance plan. * Chat with insurance professionals and get answers to all your questions about personal health insurance. (See link below).
To get your quotes, you complete a form with information about yourself and your insurance needs. You then receive quotes from multiple A-rated health insurance companies and can choose the plan that's best for you.
With a little time spent comparison shopping, you can find the best rate possible for your personal health insurance plan.
LowerRateQuotes.com
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