Finding Health Insurance and Getting the Best, Low Cost Deal
How to find the best, low cost health insurance plan I can’t tell you how important it is to do your homework, and in this article I’ll try to help you with some of that homework. You might think health insurance is all the same, but the devil is in the details and understanding the details may save you hundreds of dollars.
When you buy health insurance, just as with any insurance, you are paying the company a monthly fee (insurance premium) to manage the risk of your need for health care coverage. The more risk the company assumes, the greater the premium. However, you as a consumer, must understand what you are paying for, and you also have to be your own watchdog to some degree and pay attention that you get what you pay for. At its basic level, health insurance is the assumption of risk on the part of the company.
read moreHard Times in America – Preserving Insurance and Assets
Just about everyone out there is only too well aware that we are in very difficult economic times which are going to become more difficult before they get better. Here we offer points, guidance, direction, and advice to the general public in an effort to enable individuals, families, and small businesses to retain coverages that they have presently in force andor to obtain coverages that make the best sense under these current conditions. Since insurance is such a broad field, we limit the topics to life insurance, medical coverage, accidentsickness disability income protection, Medicare supplementary coverages, and retirement funds, both in deferral and distribution status. Retirement funds include both qualified and non-tax-qualified accounts. With unemployment levels anticipated to reach 10% during 2009, putting the country in deep recession(some would say depression), we will divide this commentary into three parts
1. Those who are unemployed andor businesses which have gone under or are about to.
2. Those other 90% or so who remain gainfully employed, whether as an employee, self-employed, or small business owner.
3. The retired and the disabled. For our purposes, we will limit the time frame to some kind of economic recovery or stabilization at two years, say, 2011. By then, things will probably look better. Let us hope that this is the case. So let us begin.