Health Insurance Update

Choose the plan that best fits your individual needs.

Individual Medical Coverage

This is primary medical insurance coverage that is designed for people who don’t have this type of coverage through their employer or another group.

Learn More.

Medicare Part D Coverage

Medicare Part D is prescription drug coverage available to those enrolled/eligible for Medicare Part A and/or Part B.

Learn More.

Medicare Supplement Insurance

This is designed for the senior citizen who participates in Medicare, yet desires additional coverage to help with many of the expenses that Medicare does not pay.

Learn More.

Supplemental Medical Insurance

This is Ideal for supplementing your primary health insurance coverage. It provides you with a pre-determined benefit amount for those extra, unbudgeted expenses that arise.

Unless you tell us otherwise or benefits are assigned according to state law, the benefit is paid directly to you.

You decide how the money is spent.

Benefits may be paid for necessary:

• Hospitalization
• Accidental Injury
• Outpatient Surgery
• Extended Care
• Intensive Care

*Supplemental Medical is the marketing name for our Hospital Income, Hospital Indemnity and Hospital Confinement Indemnity policy series 97024

Check Out State Farm for more info

by: Christine Zafra

Fourth is to research on the insurance company you are planning to invest your money with. You wouldn’t want to pick a company that has bad credentials and bad comments from previous policyholders. We’re talking about your life insurance here, not anyone else’s. Check credible sources like independent monitoring bodies. Fifth is to talk to an agent from the day you bought the policy to the day until the end. With this, the agent can actually serve as a guide for you, changing your policy from time to time depending on your needs. Lastly, you have to study. Yes, studying insurance terminologies can make you wiser when it comes to choosing the insurance company/type that’s going to determine your and your family’s fate.

Photo taken from http://www.insuremeblog.com

I’ve had a serious health condition that appears to be stabilized. Can I buy individual health coverage?
Depending on what your condition is and when it was diagnosed and treated, you can probably buy health coverage. However, the insurer may do one of three things:

• provide full protection but with a higher premium, as might be the case with a chronic disease, such as diabetes;
• modify the benefits to increase the deductible;
• exclude the specific medical problem from coverage, if it is a clearly defined condition, as long as the insurer abides by state and federal laws on exclusions.

One of my medical bills was turned down by the insurance company (or health plan). Is there anything I can do?
Ask the insurance company why the claim was rejected. If the answer is that the service isn’t covered under your policy, and you’re sure that it is covered, check to see that the provider entered the correct diagnosis or procedure code on the insurance claim form. Also check that your deductible was correctly calculated.

I’m planning to keep working after age 65. Will I be covered by Medicare or by my company’s health insurance?

If you work for a company with 20 or more employees, your employer must offer you (through age 69) the same health insurance coverage offered to younger employees. After you reach age 65, you may choose between Medicare and your company’s plan as your primary insurer. If you elect to remain in the company plan, it will pay first for all benefits covered under the plan before Medicare is billed. In most instances, it is to your advantage to accept continued employer coverage.

But be sure to enroll in Medicare Part A, which covers hospitalization and can supplement your group coverage at no additional cost to you. You can save on Medicare premiums by not enrolling in Medicare Part B until you finally retire. Bear in mind, though, that delayed enrollment is more expensive and entails a waiting period for coverage.

Source

by mheo soriano

Having a health insurance gives you assurance and peace of mind

When you choose the right Private Health Insurance you feel more assured that whenever your family receives sudden casualties or illness they family will have access to high quality medical services without a huge financial weight.

The Earlier the better: Now Is the best time to join

It is better if you join at an early age because you can end up paying more for health insurance over your lifetime. When you join after you turn 30 most companies dish a 2% surcharge per year up to a maximum surcharge of 70%.

by mheo soriano

Insuring yourself is advantageous
Studies show that with health insurance, surgeries and other medical services appear cheaper. In case of an injury you can immediate treat injuries with less hassle. For example a knee injury that requires a surgery would cost up to $13,000. What would you do if you don’t have this value readily available? Isn’t insurance a better alternative than loans with high interest rates?

You can get immediate treatment

When you have private hospital insurance you’ll never have to go through waiting lists for long periods to get treated. Plus there is a higher chance that you would have the doctor of your choice. If you are admitted as a public patient, the hospital will choose one for you. Lastly it is better to receive the treatment as soon as possible to avoid the risk of worsening the complication.

To be continued…

by: Mheo Soriano

Why should you get a health insurance?

If you think that getting a health insurance is no good… then you are wrong.

Nowadays you can never tell when or what will hit you… one day you’re up, and you may be down on the next. You have to be prepared anytime, for anything.

When subscribed to a health insurance, you can save on income tax and additional lifetime charges. Plus the fact that you can even get expensive medical services anytime you need them, especially during times when you get sick and don’t have the money to spend for it.

to be continued…

Unprecedented increases have been seen over the past several years on the cost of providing health insurance for employees. Health insurance premiums have grown to double digits and there seems to be no change in this trend. One reason is how health insurance is utilized by employees. Many employees feel that insurance coverage must be completely spent monthly. Consistent visits to their doctors contribute to the rise in premiums.

What most fail to realize is that health insurance is a standby protection in case of emergency. It is a safety net for events that catch you off guard. Practical usage of health insurance coverage will help to bring the cost down and make it affordable for more people.

Thorough analysis of your current health insurance benefits or coverage may reveal some important information on underutilized coverage or benefits that do not correspond to employees� needs. It is more practical to identify health insurance coverage that is beneficial to majority of your employees.

As an example, maternity benefits in company health insurance would not be beneficial to majority of employees unless majority of your employees are married women. It would be more cost effective to present alternatives such as shared premium payments for additional coverage for those who would benefit from maternity coverage. This would make health insurance coverage more meaningful for your employees.

There is a growing discontent amongst people and small business owners who may have to shell out more cash to pay for the government’s move to revamp the health care system. This has brought about by plans to further revamp the health care system as the new government takes office this coming 20th of January. Many are already feeling the pinch of the recession and hate this type of tax increases for they are already stretched to the limit, strapped of cash.
Most jobless, almost 12 million by the middle of this year if trends continue are getting more help but in the long run, even after recovery they still have to bear the brunt of the costs for the proposed health care overhaul. Big plans have been laid out and as the government grows its financial budget deficit who else would be paying for the said costs but consumers and regular citizens themselves. This is not a good sign form many who have already lost jobs due to downsizing, laid off as victims of the recession are having to go without health insurance in whatever form. Time will tell if the moves to revamp the system would be effective enough to decrease the gap of insured and uninsured as the recession takes hold.