Group Health Insurance: Ensure the Safety of your Employees
Do you own a business organization?
If yes, why not ensure the good health of your employees with group health insurance policies? Whatever business you are in, safeguarding you and your employees’ health makes good sense.
Health is wealth. Everyone aspires for a sound health. But no one can predict when or how diseases will strike. Insurance is therefore a good way of preparing for what may come.
Group health insurance policies are those insurance policies where the employer provides for a comprehensive health insurance benefits to his employees and sometimes to his employees family. The cost of the insurance is allotted among the members of this group. The group enjoys a wide range of benefits of Group Health Insurance.
It can help to:
Reduce the number of persons who are absent for sickness
Show to the employees that you genuinely care for them
Increases the productivity level
Reduces liability.
.
Running a small business organization depends on team work. But what if, someone from that team falls ill. Won’t your whole organization be in danger? Therefore you should ensure that your employees are safe and sound with good and proper health. It can only be done through purchasing a small business health insurance plan for your employees.
Earlier small business health insurance plan was not so common because of the high rate of premium. But now many affordable insurance companies are available in the market.
Generally it is seen that in group health insurance policies, the premium is divided between the employer and the employees. But if it is a very big company, the employer or the owner provides for the whole premium. Even tax incentives are also provided with group health insurance policies. You can cover yourself in group insurance benefits as well
Group Health insurance is very vital for the efficient functioning of an organization. Everyone will agree that the cost of medical treatment has increased day by day. A simple visit can be a huge liability. Because of this, many a times it is seen that the employees try avoiding going to a doctor. Again his family’s health can also be a deterrent to his efficient functioning at office. With an adequate health insurance policy an employer can evade all these setbacks and ensure a healthy working environment.
Before investing in Group health insurance, an employer should read and re-read the quotes as available in the market. He should not buy any plan hastily. Today almost all insurance companies provide online facilities. Therefore search a little and invest in group health insurance for yourself and your employees.
Jenny Black
http://www.articlesbase.com/insurance-articles/group-health-insurance-ensure-the-safety-of-your-employees-74881.html
Do not Underestimate Your Life Insurance Needs
Life Insurance Plans
While the charges of life insurance plans are increasing nowadays, more and more people start to think less of life insurance. But Although a lot of us would tend to think about getting one in the coming years, it is essential to note that life insurance is usually a good investment as this will help your way to retirement. A lot of companies provide their workers with life insurance, but you cannot always rely on them, thus it is greatest that you have your own life insurance plan.
Here are some important factors why you need to get your own life insurance policy:
Your employer life insurance doesn’t always cover all your needs; hence you may locate yourself looking for another plan that offers you and your family more benefits. organizations generally offer life insurance that’s worth twice your salary, while financial planners can give you life insurance that covers up to 10 times your annual salary’s worth.
Life insurance can serve as your backup during emergency cases. In case you die with outstanding bills, these charges can be paid off using your life insurance policy. Your loved ones will no longer carry the burden of paying your debt as your insurance already has it covered.
If you are presently living a fit and healthy lifestyle with no major conditions, then this is the ideal time for you to get a life insurance. Your existing health has a lot to do with your insurance, as your premium will stay low. You will enjoy great savings as you reach the age of 65, for you are already completed paying your insurance by the time you retire.
Meanwhile, if you are married, then a life insurance can guarantee your spouse of a good life even after you’re gone. Your partner would not worry about how to transfer on nor struggle with financial concern especially when you are the one who gives for the family. With a life insurance, your family’s desires are covered after your death.
Fear nothing when you’ve got Life Insurance!
You won’t fear about growing older when you have a life insurance, and in a way it becomes your ticket towards doing the issues you want to do right after you retire. You can use your life insurance to go on vacations, or make investments on a business if you really feel like you have nothing at all worthwhile to do upon reaching retirement plan. Some senior citizens also use their life insurance to pay for their nursing needs, as some of them choose to live in retirement homes.
As you can see, there are a good deal of advantages a life insurance can give you, and you no longer have to believe about how to deal with your future. It may be expensive to get an insurance policy Today, but you better think of it as a way of preparing for your retirement. There are also instances when you will have to use your life insurance, so it’s usually best to be ready. Underestimating your life insurance needs can put you and your family in financial peril, and that’s one thing you wouldn’t want to happen.
-Do not Underestimate Your Life Insurance Needs-
Lehrman Group Health Insurance Commercial
Lehrman Group Individual/Family Health Insurance Commercial. http://www.lehrmangroup.com/arizona-health-insurance.php
Duration : 0:0:31
Auto Insurance Principles Should Apply To Health Insurance
Many Americans rely on their automobiles to get to work. No automobile means no job, no rent or mortgage money, no food. A single parent, struggling to make ends meet in the suburbs with 100,000 miles on the odometer, would presumably welcome the guaranteed opportunity for low-priced insurance that would take care of every possible repair on her auto until the day that it reaches 200,000 miles or falls apart, whichever comes first. Especially if the insurance is valid regardless of whether she even changes the oil in the interim.
So why aren’t the auto insurance companies writing such coverage, either directly or through used auto dealers? And given the importance of reliable transportation, why isn’t the public demanding such coverage? The answer is that both auto insurers and the public know that such insurance can’t be written for a premium the insured can afford, while still allowing the insurers to stay solvent and make a profit. As a society, we intuitively understand that the costs associated with taking care of every mechanical need of an old automobile, particularly in the absence of regular maintenance, aren’t insurable. Yet we don’t seem to have these same intuitions with respect to health insurance.
If we pull the emotions out of health insurance, which is admittedly hard to do even for this author, and look at health insurance from the economic perspective, there are several insights from auto insurance that can illuminate the design, risk selection, and rating of health insurance.
Auto insurance comes in two forms: the traditional insurance you buy from your agent or direct from an insurance company, and warranties that are purchased from auto manufacturers and dealers. Both are risk transfer and sharing devices and I’ll generically refer to both as insurance. Because auto third-party liability insurance has no equivalent in health insurance, for traditional auto insurance, I’ll examine only collision and comprehensive insurance – insurance covering the vehicle – and not third-party liability insurance.
Bumper to Bumper
The following are some commonly accepted principles from auto insurance:
* Bad maintenance voids certain insurance. If an automobile owner never changes the oil, the auto’s power train warranty is void. In fact, not only does the oil need to be changed, the change needs to be performed by a certified mechanic and documented. Collision insurance doesn’t cover cars purposefully driven over a cliff.
* The best insurance is offered for new models. Bumper-to-bumper warranties are offered only on new cars. As they roll off the assembly line, automobiles have a low and relatively consistent risk profile, satisfying the actuarial test for insurance pricing. Furthermore, auto manufacturers usually wrap at least some coverage into the price of the new auto in order to encourage an ongoing relationship with the owner.
* Limited insurance is offered for old model autos. Increasingly limited insurance is offered for old model autos. The bumper-to-bumper warranty expires, the power train warranty eventually expires, and the amount of collision and comprehensive insurance steadily decreases based on the market value of the auto.
* Certain older autos qualify for additional insurance. Certain older autos can qualify for additional coverage, either in terms of warranties for used autos or increased collision and comprehensive insurance for vintage autos. But such insurance is offered only after a careful inspection of the automobile itself.
* No insurance is offered for normal wear and tear. Wiper blades need replacement, brake pads wear out, and bumpers get dings. These aren’t insurable events. To the extent that a new car dealer will sometimes cover some of these costs, we intuitively understand that we’re ‘paying for it’ in the cost of the automobile and that it’s ‘not really’ insurance.
* Accidents are the only insurable event for the oldest automobiles. Accidents are generally insurable events even for the oldest autos; with few exceptions service work isn’t.
* Insurance doesn’t restore all vehicles to pre-accident condition. Auto insurance is limited. If the damage to the auto at any age exceeds the value of the auto, the insurer then pays only the value of the auto. With the exception of vintage autos, the value assigned to the auto goes down over time. So whereas accidents are insurable at any vehicle age, the amount of the accident insurance is increasingly limited.
* Insurance is priced to the risk. Insurance is priced based on the risk profile of both the automobile and the driver. The auto insurer carefully examines both when setting rates.
* We pay for our own insurance. And with few exceptions, automobile insurance isn’t tax deductible. As a result, the fear of increasing insurance rates due to traffic violations and/or accidents changes our driving behavior and we sometimes select our automobiles based on their insurability.
Each of the above principles is supported by solid actuarial theory. Although most Americans can’t describe the underlying actuarial theories, most everyone understands the above principles of auto insurance at the intuitive level. For sure, as indispensable automobiles are to our lifestyles, there is no loud national movement, accompanied by moral outrage, to change these principles.
Unsustainable Market
In contrast, similar principles are routinely violated in health insurance. To demonstrate this, let’s return to the same suburban mother from the opening paragraph. She’s busy working, driving to and from work, and driving her kids to school and activities. She ends each day exhausted, sitting on the couch with fast food. She’s obese, has a sedentary life, a bad diet, and hasn’t taken the time to go to the doctor in years. After a simple injury doesn’t heal for weeks, she turns up at the emergency room and learns she has type II diabetes. Although type II diabetes is controllable, changing diet and exercise habits and properly tracking her condition takes time and effort and she’s never quite successful in implementing the necessary lifestyle changes.
So the initial emergency room visit is only the first of a long list of health care related to non-controlled diabetes and other problems associated with obesity. Whether she has individual or group insurance, her insurance pays for each episode of care, without singling her out for a premium increase, and without charging her any more cost sharing than is charged to the healthiest and most medically diligent insureds. Her coverage continues until she voluntarily changes insurance companies and/or employers or becomes eligible for Medicare. If she’s covered under group insurance she may not even pay any premium. Her insurance continues unabated, even though the disease was caused by neglecting her body and she maintains her poor lifestyle even after the disease becomes known.
This just wouldn’t happen in auto insurance. This scenario is the auto insurance equivalent of guaranteed access to low-priced auto insurance that takes care of every possible repair, including damage already done, until the day the car falls apart so completely it’s unsalvageable (death) or reaches 200,000 miles (Medicare), regardless of whether she even changes the oil (takes care of herself) in the interim.
As a society, we don’t expect this in private-market auto insurance, but we expect it in private-market health insurance. Furthermore, there’s a chorus of national and state interests, which continuously pushes us further away from the auto insurance principles.
The current private health insurance market isn’t sustainable. Prices have been consistently increasing faster than inflation for decades. Each year, insureds use more health care than ever before and more people have no insurance at all. Most actuaries and other people in the private health insurance market don’t want national health insurance with its bureaucracy and one-size-fits-all benefits. Yet, we’re trying to sustain a private insurance system, which violates the very principles we know are necessary for private insurance markets.
Yes, health insurance involves the sacredness of human life and is therefore different from auto insurance. But if we’re to sustain a private-market solution to health insurance, actuaries need to explain to the larger society, in terms that society understands, the rationale for the following principles:
* As sacred as health care is, it’s still an economic transaction that has to be balanced by individuals and societies, against other economic choices. It can’t be unlimited. Sometimes it will be secondary to other choices. On a given day, for example, the mother in our scenario may value her car more than her health.
* Insurance premiums should be paid by the individual and tied to controllable risk factors. This will provide the best incentive for the control of risk factors.
* Although it’s hard to draw the line between abuse, neglect and ignorance, self-abuse shouldn’t be insured and we need to draw that line somewhere.
* The private market can’t provide unlimited, self-directed health insurance.
* Routine care and ongoing treatments of chronic conditions can be pre-funded, can even be subsidized, but they don’t constitute ‘insurable events.’
* Insurance can’t be expected to keep every human body in pristine condition. No amount of health care will prevent everyone’s ultimate death.
* Comprehensive, unlimited, non-subsidized private-market coverage isn’t possible for people with severely impaired health.
* The private health market can provide limited non-subsidized health insurance, such as protection from accidents, to even health-impaired individuals.
* Individuals who can afford to do so and who take good care of themselves should be able to ‘buy up’ to better coverage. People have the option of buying up for everything else in life.
Discussion of these principles is lacking from most of the current health insurance debate. If society can intuitively understand how similar principles apply to health insurance, then they should be able understand the principles in the health insurance context. We need to initiate the debate.
This commentary is solely the opinion of its author. It does not express the official policy of the American Academy of Actuaries; nor does it necessarily reflect the opinions of the Academy’s individual officers, members, or staff
Contingencies, Jan/Feb 2007
Melih Oztalay
http://www.articlesbase.com/non-fiction-articles/auto-insurance-principles-should-apply-to-health-insurance-110015.html
Does America need more of this from their private health-care insurers?
Question by Lamplighter: Does America need more of this from their private health-care insurers?
Ex-executive accuses insurance giant of ‘purging’ customers
” In his testimony and during an interview with CNN, Potter described how underwriters at his former company would drive small businesses with expensive insurance claims to dump their Cigna policies. Industry executives refer to the practice as “purging,” Potter said.
“When that business comes up for renewal, the underwriters jack the rates up so much, the employer has no choice but to drop insurance,” Potter said.
CNN obtained a transcript of a 2008 Cigna conference call with investors in which company executives use the term “purge.”
But in an e-mail to CNN, Cigna spokesman Chris Curran denied the company engages in purging.
“We do not practice that. We will offer rates that are reflective of the competitive group health insurance market. We always encourage our clients to compare our proposed rates to those available from other carriers,” Curran wrote.
Cigna had revenue of $ 19.1 billion in 2008, according to the company Web site.”
” “They conduct what I call duplicitous PR campaigns. They’ll say what people want to hear,” Potter says. “It’s how they operate. You cannot trust these guys.”
Potter is also taking aim at some of the TV commercials aired by groups opposed to changes. One such ad caught Potter’s eye. Run by the conservative organization Patients United Now, the ad says that “now, Washington wants to bring Canadian-style health care to the U.S.”
“Sometimes you’ll see misleading information. And sometimes you’ll see outright lies, like that [ad] is,” Potter said, referring to the spot.”
http://www.cnn.com/2009/US/07/02/insurance.purging/index.html
Best answer:
Answer by Who’s Your Daddy Now
no we don’t. Any fool can see what’s going on. When these people get purged they go to Medicaid and the tax payer pays for it. The same tax payer who says he doesn’t want to pay for government health care, is already paying for government health care.
EDIT…23 min. and the single payer opponents don’t have a comeback.
What do you think? Answer below!
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Duration : 0:0:43
Get The hottest deal Of Life Insurance for Cancer Patients
In the event you need for life insurance for cancer patients simply because you are engaged your old struggle with the illness stops you from developing protection, there are actually a number of details you will need to make apparent together with your company to get any answers you are looking for. Each kind of cancer possesses a distinct fee of curability and chances that it’s going to returning or propagate afterwards. In case you were told you have a type that will is uncomplicated to address in a very low position you might not confront precisely the same road blocks as additional job hopefuls.
Choosing life insurance for cancer patients is tough, though not essentially not possible. Your skill to promise protection plan will typically count on the nature of your cycle and the product quality of cancer, and possibly a cure plan. Is the bond between the interest you get and its curability of cancer. Particular sorts of epidermis cancer, for model, is viewed as nominal associated risk by way of life insurance providers, and historical past of skin color cancer might not sometimes have an effect on insurance costs. When you shop all around for life insurance for cancer patients, them is crucial to deliver the company with the most modern day wellness information on file. All these medical details, the actual insurance scheme together with a even more romantic expertise of your cancer, how cancer offers connected with and provide opportunity to Cancer dividends, all of variables in any hold off in reporting types of procedures choice. At this point, finding life insurance for cancer patients and survivors is often less complicated as compared to essential wellbeing insurance for people with cancer. The reasons why this is done is because the insurance is aware the chance that they are acquiring and they know how to leveraging in which possibility to make the item a win/win. If you buy a $100,500 insurance policy the actual company sees that they already have in which amount them to need to cover. You may well find results when you purchase life insurance for cancer patients through a cancer probability specialized. A cancer chance consultant is a special insurance brokerage service exactly who functions exclusively together with cancer survivors. These kinds of brokerages are generally devoted to find life insurance guidelines particularly geared towards cancer children. These kinds of agents be aware of industry and include a great work of know-how and connections having corporations especially featuring life insurance for cancer patients. They might perhaps find children great deals all around a wide range of life insurance providers.
Because earlier noted, qualifications for life insurance for cancer patients is usually based on in the event the treatment method wrapped up for the actual cancer. That will date will begin the particular ready time. This time frame is not a surgical treatment go out with; the idea presents the time frame for the overall end of treatment. The longer this day is in yesteryear, the particular sooner you may very well be a candidate for life insurance for cancer. There are actually quite a few options for life insurance for cancer patients.
Where to Get Cheap Group Health Insurance Quotes Online
With all the different group health insurance plans out there, finding the cheapest plan with the best coverage can be a real pain in the you-know-what. Here’s an easy way to find cheap group health insurance quotes online.
Group Health Insurance Plans
Before you go shopping for group health insurance the first thing you need to do is sit down and figure out what type of insurance and what kinds of coverage you really need.
Most employers opt for managed health care plans – HMOs, PPOs, and POSs. These plans provide you with a network of health care providers which everyone in the plan goes to when they’re ill.
HMOs restrict you to using physicians within the network, while PPOs and POSs let you see non-network physicians for an extra fee. HMOs are the cheapest of the managed health care plans.
Group Health Insurance Coverage
Group health insurance plans all come with different coverages. Here are the main coverages you should consider:
* Hospital coverage pays for your hospital room and medical services.
* Surgical coverage pays for surgeons fees and surgical expenses.
* Physicians coverage pays for doctors’ office visits and hospital visits.
* Major medical coverage pays for catastrophic injury or illness expenses.
* Prescription drug coverage pays for all or part of prescription drug costs.
Comparison Shop
The difference in group health insurance plans from one insurance company to another can be $1,000 per person or more, so the first step toward getting cheap group health insurance is to comparison shop.
Thanks to the Internet you don’t have to visit a bunch of insurance companies or call their agents on the phone. All it takes is a couple of clicks of your mouse to get group insurance quotes from companies in your area.
Some of these websites offer insurance tips and advice, and some even let you talk with an insurance expert via their online chat service. (See link below.)
Visit http://www.LowerRateQuotes.com/health-insurance.html or click on the following link to get group health insurance quotes online from top-rated companies in your area and see how much you can save. You can get more health insurance tips by checking out their “Articles” section.
ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/where-to-get-cheap-group-health-insurance-quotes-online-124595.html
YTB offers free group health insurance to their top producers
YTB announces free guarantee issue life insurance for it’s Directors!
And, best of all, YTB also recently announced that reaching the level of Director has become easier with new simpler qualifications.
Duration : 0:1:59
How to Get Your Pre-Existing Condition Health Insurance Coverage Approved
Having pre-existing conditions such as diabetes and heart ailments usually put individuals at risk for losing their security since they are considered to be liabilities in the short and long term. You have to show the agencies that you can adequately pay for the premium, as well as stay healthy enough to give them their dues too. Here are some tips from the experts.
People Unable to Get Coverage
There are plenty of individuals who are unable to purchase private health insurance because they have a known health condition or problem that is very expensive to treat. Insurance companies have the right to refuse to cover such individuals since they are considered as liabilities and may cost the company more than the actual premium that the individuals pay for. The insurer has to pay for medical fees expected from the individual.
When individuals get sick while on a coverage from one insurance carrier, they may be forced to leave the carrier to search for a new one, because they change occupation or the original insurer cancels the policy. The original insurer has to cover the primary phase of the condition, but new insurers will not want to pay for subsequent treatments. Big companies usually pay for all or any conditions, pre-existing or not to attract people with current medical problems, which is why a lot of individuals are attracted to their policies.
HIPAA Description
HIPAA or the Health Insurance Portability and Accountability Act was passed on July 1, 1997. The act includes a lot of aspects in health care, and already had a profound effect on health care being available to a lot of individuals in America. Because of HIPAA, there are rules that limit the longest amount of time that a pre-existing exclusion can be applied to a group plan. There are ways wherein you can minimize or eliminate the exclusion completely. Using the HIPAA guidelines, the highest amount of time that you need to wait to get more coverage for the pre-existing condition cannot go beyond 12 months or 18 months for those who enrolled late.
The main goal of HIPAA is to make sure that individuals with pre-existing conditions still benefit from health insurance. There is credible coverage by HIPAA too which pertains to any health insurance you had in the past, given that it was not interrupted over a period of 63 or more days. The time period can extend, depending on the laws of the sate and the kind of insurance plan you had before.
More on HIPAA
If you have provided sufficient evidence that you had uninterrupted insurance before the current plan, the insurance coverage can be credited toward any pre-existing condition exclusion you have before. If you had a minimum of 1 year of group health insurance during a single occupation then got health insurance at a new work without getting a break longer than 63 days, exclusion on any pre-existing condition you may have cannot be imposed by the new health insurance plan.
Exclusions for hidden pre-existing condition include denial of medical coverage for the treatment of injury stemming from accident before the plan was acquired, counting the coverage of a previous health insurance toward another plan’s lifetime coverage limit and failing to cover a congenital medical condition, if the condition can be covered if found not to be of congenital origin.
Low Jeremy
http://www.articlesbase.com/finance-articles/how-to-get-your-preexisting-condition-health-insurance-coverage-approved-707764.html