Monthly Archives: November 2009

Author : Allen Jesson

There are two basic types of Catastrophic Health Insurance plans :comprehensive and supplemental plans The comprehensive Catastrophic Health Insurance plan provides more traditional healthcare and covers emergency healthcare services such as ambulance rides The supplemental Catastrophic Health Insurance plan, on the other hand, supplements other insurance plans such as psychiatric care and nursing care In the case of each of these plans, once the deductible is met, the insurance company becomes responsible for taking care of the plan holder’s major share of medical expenses

Pros and Cons of Catastrophic Health Insurance

Catastrophic Health Insurance pays for the biggest medical expenses that you are likely to ever encounter in your life However, the premium is lower compared to other traditional healthcare insurance plans as it doesn’t cover smaller expenses like consultations with the doctor Hence, Catastrophic Health Insurance is an ideal choice if you are comparatively healthy and are not taking any maintenance drugs and wish to save some money on health insurance Furthermore, if have the capability of increasing your premium in the event that you are diagnosed with a chronic ailment, Catastrophic Health Insurance can be a good option for you

However, a Catastrophic Health Insurance plan does not cover the healthcare expenses of individuals with pre-existing ailments such as AIDS, diabetes, heart disease, or multiple sclerosis Also Catastrophic Health Insurance does not cover preventive care Hence, one has to spend out of his pocket for routine care such as consultations with the doctor Furthermore, a Catastrophic Health Insurance plan does not apply until your deductible is met Therefore if you are not ready to spend thousands of dollars in terms of medical expenses, this is perhaps not the right plan for you

Catastrophic Health Insurance is a low cost option for those individuals who want the benefits of paying low cost premiums and obtaining higher annual insurance deductibles It starts at $500 and goes up to $5,000 Another advantage of a Catastrophic Health Insurance plan is the cap – a lifetime benefit amounting to anywhere between $1 million and $3 million However, once the cap is reached, the policy gets canceled automatically

Hence, to make it simple, a Catastrophic Health Insurance should be viewed as a sort of financial protection for times of adversity rather than as a medical insurance policy Furthermore, if you have a Catastrophic Health Insurance policy, you are eligible for a tax-advantaged Health Savings Account (HSA) It is the ultimate choice for families with a secure monthly income, whose every medical expense is covered Therefore, before opting for Catastrophic Health Insurance coverage, one should know how much he or she is capable of paying every year and should also be prepared with that particular amount of money

Please follow the links for exclusive special offers on catastrophic health insurance and e health insurance.

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Author : Graham McKenzie

Motor insurance or car insurance is provided in all countries and is obligatory for anyone who is driving a vehicle on the public roads The rate of insurance differs and so do the policies

Car insurance is used to protect your car and yourself against any damages caused by accidents, burglaries and natural calamities If a person is driving without valid car insurance, it can turn into a dangerous as they will be responsible for repairing the car, which can account for huge bills On the other hand if you have insurance, the car insurance company will be providing you complete coverage

There are many type of insurance for vehicles; the insurance may a general liability, collision, comprehensive (which covers only natural disasters, fire, theft, and wreckage), medical payments (which cover the people hurt in an accident) and any extra coverage which comes at a premium price

The insurance cover for different types of cars is not the same Some premium cars pay more insurance because of the higher cost and also because it costs more to repair these cars It is however, imperative for all cars to be covered by car insurance as it helps to protect the owners and does not generate unnecessary expenses

It is important to maintain a clean driving record because this greatly affects your insurance Your insurance covered is reduced if you are charged with reckless driving, driving under the influence of alcohol or driving with out a valid license

All these defaulters are reported to the insurance company immediately and as a result the insurance cover is reduced by a substantial amount It is important to note that you are responsible not only for your life, but also for the lives of people on the road while you are driving

Look at how much you can afford for the basic car insurance cover and based upon that make a wise decision regarding the additional covers that you can add on later Alternatively, it is not mandatory to get additional covers as soon as you purchase the car, you can get them at a later date also

Sometimes, car insurance in different cities in the same county may also be different depending on the number of fatalities that occur in that area

Also, you must not lend your car to too many people to drive it as the chances of accident are even higher Although people may have a valid license, you should refrain from giving your car to anybody else since the car is not theirs they will not be held responsible for anything that happens to the car

If you make any false claims or try to obtain money from the car insurance company based on inaccurate information or fraud, they can even cancel your insurance and black list your license so that no other car insurance provides you with an insurance cover

This practice is illegal and you can even face imprisonment for such a deception Therefore, be a responsible driver and drive safely so that you don?t claim your car insurance and get maximum cover

Graham McKenzie is the webmaster for a leading South African Car Insurance provider. For more information visit: http://car.insurance123.co.za/

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Author : Trevor Mulholland

Taking the leap and finally renting your own apartment also entails being ready for any emergency that may arise If your first home is going to be rented, you need to look into all the kinds of insurance that will protect your property Sure most residential buildings come with their own insurance policy, but these policies are not likely to cover certain occurrences – and that’s where renters insurance comes in

Renters insurance basically covers two things: 1) damage done to your property, and 2) damage you may do to others’ property In the case of damage done to your property, you can protect the items on your insurance inventory against unforeseeable trouble, such as flooding, earthquakes, vandalism or theft This is why it is important to keep a detailed inventory of the items you want covered by your insurance Especially important items, such as antique heirlooms or expensive jewelry, should be declared first of all

One important thing to know is if your insurance company intends to reimburse your losses at “replacement cost” or “actual cash value (ACV) ” The latter means the amount you spent in actually buying the insured item If for example you bought a particularly valuable ring at $200 several years ago, ACV means the insurance will only cover your loss up to around $200, the amount you paid for the ring at the time of buying, when in fact $200 would be far below the market value of the ring in this day and age However, this may be beneficial to you if your insured item was bought fairly recently On the other hand, replacement cost allows for a little more flexibility Both these reimbursement terms are subject to deduction, depending on the amount of use your insured item has been put through, and some other considerations

This type of renters security could also take the form of allowance For example, in the event that a disaster destroys most of your apartment home, making it unlivable, it is important to have some form of financial fallback that will cover the cost of staying elsewhere, while the insurance from the damage done to your property is being settled Ordinarily, building insurance will not cover the additional living expenses incurred when living away from the building per se It would be good to find a third party insurance provider that could help shoulder a good deal of the cost

A good renters insurance could work both ways, too You may find it a formidable ally should a liability lawsuit be filed against you This could happen in case you accidentally cause injury to others, or damage other people’s property

Insurenters.com provides you with information on renters insurance related issues like what is renters insurance, the pitfalls and the best tips. We help you find your renters insurance. http://www.insurenters.com/

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Author : Paul Headley

If you employ multiple drivers for commercial vehicles then it is a nightmare to apply for individual insurance policies for each and every vehicle you have Should you have to make claims, the pain of dealing with so many different companies and policies can soon get out of hand As such it is much more efficient and easier, and often cheaper, to apply for a fleet policy rather than separate policies for each vehicle

The premiums for your insurance will vary depending on the number of vehicles, the vehicles ages, the types of vehicles, general condition and overall mileage, as well as predicted mileage for the duration of the policy

By having fleet insurance you will have a number of different drivers all on the same policy Depending on their age, experience and even gender you may or may not benefit from using named drivers

A lot of insurance companies will allow for a mixed fleet insurance that includes courier vehicles, minibuses, MPVs and other private higher vehicles to be included in the same policy This means that while you might not have enough taxis for fleet insurance you may have enough other vehicles to still qualify

By naming drivers you can receive a discount on the cost, however if the majority of your drivers are young and inexperienced you may find this raises the cost of your policy instead of lowering it!

The driver’s no claims history will also be taken in to consideration when naming drivers This can be the single biggest reduction in your insurance costs Insurers reward careful drivers, and if a large number of your drivers have a proven no claims history then it is always worth mentioning to your insurer

No claims discounts can also be protected This means that your drivers may make a specific amount of claims during the year without effecting their no claims history By protecting your drivers no claims history you may ensure that you retain a cheaper policy when you need to renew

Female drivers are considered at less risk than male drivers As such it is worth informing any prospective insurer about any women drivers you may have This can bring down the cost of your premiums by a surprising amount if you have many female drivers in your fleet

If you are operating in a ‘high risk area’ your premiums may be higher These costs can be reduced by storing vehicles in garages when not in use, as well as fitting immobilisers or tracking devices to your vehicles By letting your insurers know of these precautions they will be able to offer you discounts and reductions on your premiums

Fleet insurance is not just restricted to large companies with many vehicles, some insurers offer fleet insurance on as little as two vehicles One of the main advantages of fleet cover is just how easy it is to apply for and renew the policy on one specific date, compared to having to keep track of dozens of different policies for each individual vehicle throughout the year

Staveley Head are a leading UK insurance broker for
fleet insurance

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Author : Vaughn Balchunas

Large dental insurance companies have grown enormous over the last twenty years The largest of these companies boasts over 47 million people in over 81,000 employer, veterans and retiree groups across the nation Their provider network is contracted with 118,000 dental practitioners in all fifty states and Puerto Rico The second largest claims over 9 million members

These numbers are rather impressive considering dental coverage has significantly lagged behind health maintenance organizations (HMO) in popularity for years It is believed that the reason for this slow growth is that providers are asked to take significant discounts to be a part of the dental provider network

Research has shown that patients’ relationships with their dentists seem to outweigh out-of-pocket cost in importance to the end consumer Understanding this, the dentists may not feel a need to join a managed care plan, and accept discounted reimbursement, when they know that the patients they have built relationships with will likely continue to visit their offices for dental services regardless of network membership Accordingly, there has not been the demand for these insurance plans from employer groups because the employees and their dependents may not want to join a plan in which their dentist is not a contracted provider For this reason, employers may choose to offer traditional dental benefits to employees, that bear little, or no, significant cost to the employer

Internet research showed only a few complaints about these plans Among the complaints posted on an insurance consumer website noted that there seemed to be problems with the timeliness and accuracy of documents shuffled between the insurance company, the providers and the members There was also a complaint about being able to reach a live customer service representative and having problem issues addressed in a timely manner One of the complaints found – and this probably has less to do with insurance company than with the providers – that there were not enough providers in the area that accepted the plan’s insurance (Incidentally, this is normally just a consequence of rapid growth Most insurance plans are responsive to member requests to add providers) Finally, there was a complaint about having difficulty in understanding and gaining information about the schedule of benefits for the member’s specific plan

However, finding only a few complaints among 47 million members leads one to conclude that the vast majority of members are satisfied with these plans The complaints forum on this consumer website are typical of those one would find regarding any insurance plan, so it is hard to verify that these companies are doing a poorer job in these areas than their competitors

Certainly the continued growth of these companies is a clear indication that there is a demand for their products, and that customers are satisfied with the job they are doing This, in and of itself, would lead one to conclude that in this case, the biggest probably is the best

Vaughn Balchunas writes about affordable dental insurance plans and what to look out for. You can read more about this important topic at http://dental-ins.info

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