Health Insurance Tag

3 Oct 2017

A discussion about deductibles

If you have any kind of insurance - and who doesn't - you have likely paid or at least, discussed a deductible with your insurance provider. The basics are pretty easy to understand: You, as the policyholder, agree to pay a certain amount or percentage toward the overall claim paid by your insurer. In the case of auto or home insurance, the amount of your deductible usually ranges from a few hundred to a few thousand dollars. But why do deductibles exist anyway? It's a matter of shared risk. The insurer pays the claim, and in turn, you are rewarded with a lower insurance premium. Generally, the higher the deductible, the lower your premium cost. While it may not seem like much,...
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15 Dec 2014

Health Insurance Open Enrollment for 2015

While most of us associate December with the hustle and bustle of the holidays, those of us in the insurance profession are in the midst of observing another annual season: open enrollment for health insurance. The season actually began in October for over 65 Medicare beneficiaries and wrapped up earlier this month. But for the under 65/non-Medicare beneficiaries, open enrollment began November 15 and is in full swing. If your holiday calendar is more stuffed than your turkey, you can wait as late as February 15 to select your insurance plan for the 2015 calendar year and enroll. But it’s a good idea to allow time to research and review your options and complete your enrollment. If you miss the February 15 deadline,...
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11 Oct 2013

Health Care Reform: What does it mean for you?

On October 1, 2013, the world changed a bit for 48 million people who currently do not have health care insurance, thanks to the Affordable Care Act. For the rest of us who have insurance through our employers; through Medicare or Medicaid; or who were previously insured and eligible for COBRA benefits, it’s still business as usual regarding health care. But if you’re among the uninsured, it’s time to take action – and the Health Insurance Marketplace is now open for business. According to the official government website, www.healthcare.gov, the Marketplace “will allow individuals and small businesses to compare health plans on a level playing field. Middle and low-income families will get tax credits that cover a significant portion of the cost...
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2 Jul 2012

Can You Insure Anything?

If you thought about what types of insurance you have, we could probably only think about the most common ones. We all think about health, life, homeowner’s, auto, motorcycles, collectibles and boat coverage.  Most of us don’t know it, but you can get insurance on just about anything for a premium.

Have you ever thought about celebrities?  They’re insuring body parts.  Yes, insurance companies offer policies that pay if something damages the appearance or functionality of a body part. I think we would all have to seriously ask if insuring a body part was worth it.   For most of us, the answer is undoubtedly no. But if you’re Peyton Manning, maybe he would think it was worth it to have an insurance policy on his right arm. Celebrities have also been known to insure their voices.  Wonder what the cost to insure would be?

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