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Understanding Out Of Network Health Costs Lawsuits
What Does Out Of Network Mean? PPO and HMO health insurance plans use a network of medical service providers. These providers agree to abide by network rules, and of course, network price guidelines. So these providers, like doctors, hospitals, and therapists, agree to accept network charges for various medical services...
Is A Life (Insurance Policy) Worth Less Today?
What is a Life Settlement? People can sell their life insurance policies to a third party for less than the face value of the policy. The third party hopes to profit by collecting the proceeds when the covered person passes away. Typical sellers are retired people who decide the cash settlement will be more useful now, while they live, than it will be to their heirs when they pass away...
Hope For Health Reform Compromise
Even though people on all sides of the political spectrum admit that the US health care system cannot serve the needs of many citizens, reform keeps getting stalled. One of the big problems has been getting all of the different players to compromise. Health insurance companies, business management, medical providers, legislators, and of course, consumers, all had their own interests, and nobody could get them to put those interests aside in order to achieve positive change...
If I Change Jobs Or Become Unemployed, Can I Take My Health Insurance Coverage With Me?
Many people worry about losing health insurance if they change jobs or become unemployed. Luckily, the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) and the Health Insurance Portability and Accountability Act (HIPAA) offer some protection. However, you need to know exactly how these acts affect you before making any major life changes...
Information, Tips & Suggestions on COBRA insurance and U.S health care reform
Many people have written to me with questions and concerns regarding the new U.S health care reform and the COBRA insurance initiative. Here is some general information and some suggestions where you may find addititional information and further help regarding COBRA insurance and health reform...
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Major Medical Insurance and Health Supplements – When is Less Coverage, More?
Do you know that you may actually get better medical coverage and save money by buying more than one health insurance policy? Indeed, many insurance agents will help their clients purchase multiple types of health insurance that work together to provide fairly comprehensive coverage, and will actually have a lower total premium than other alternatives! A Health Insurance Attack Plan Here is a popular way to use health insurance supplements to your advantage: Consider purchasing a very high deductible major medical plan By high deductible, I mean $5,000 or $10,000. That means that the coverage will not kick in until the insured person has already run up $5k to $10k of medical bills. The first advantage of higher deductible major medical is a lower premium...
Can The Obama Administration Overhaul The Health Care System?
If you pay attention to the news, you know that the US health care system had problems before the stock, housing, and credit market took a plunge. Medical care expenses rose much faster than general inflation while millions of Americans lacked medical coverage. Meanwhile, many medical service providers like doctors and hospitals claimed they could barely make a profit...
Benefits of Single Premium Whole Life Insurance
When most of us think about cash value life insurance, we picture ourselves paying a monthly period over a period of many years, if not the rest of our lives. Monthly premiums, either over the life of a policy or over a period of ten to twenty years, give us an affordable way to insure our family's financial security. They also give us a slow and steady way to build up the cash value of the life insurance policy...
How Does the Economic Stimulus Package Address The US Health Crisis?
Most of us aware that 1 in 6 Americans lacked health insurance before the recession, and are possibly aware that more citizens are losing their medical plans every day as unemployment skyrockets. However, the new economic stimulus plan that President Obama has just signed does contain some relief. Help With COBRA Health Insurance Payments (For Some People) The primary relief will be for newly unemployed individuals and families who can choose to take a COBRA health insurance extension...
Uninsured In America – The Growing Number of Americans Without Health Insurance
Even a couple of years ago, before the economy started to sour, 46 – 48 million Americans lacked health insurance. With the current economic downturn, an estimated 4 million more US citizens have lost their medical plan, so now have probably brought the number up over 50 million. Reasons that so many Americans lack insurance are obvious, but here are some common ones: Terminated employees lost their group health plan when they lost their jobs...