Individual Health Insurance Guide

If you are in the market to buy a Florida Individual health insurance. We want to make it easy for you to learn about some key concept you need to take in consideration:

“Keep in mind if you do not have a mayor medical coverage to protect you from unexpected medical cost, you would be responsible for paying all these medical bills on your own”.

What is individual health insurance?

Individual health insurance is private coverage that you can buy directly from an insurance company

If you are on this group you should consider finding an Individual Health Insurance:

• People between jobs
• Self-employees Entrepreneurs
• People in Cobra
• Part-time employees
• Workers whose employer don’t offer group coverage
• Early retirees
• New employees waiting for their group health coverage to begin

It’s helpful to compare the health plan you are considering and to think about how each feature affects the plan cost. Things to think about:

• Plan Benefits
• Monthly premium
• Co-pays, Deductible, Coinsurance, Max-out-of pocket
• Plan convenience: Access to doctors and hospital in your area
• Additional benefits: Dental, Vision Supplemental accident, etc
• Pharmacy
• Maternity
• Exclusions and limitations

Tip to lower premiums:

Consider a High deductible: Choosing a higher annual plan deductible will lower your monthly premium

What types of plans are available?

• HMOs (Health Maintenance Organization). HMOs are one of the most affordable health plans available, and they offer comprehensive coverage. HMOs create networks of doctors, specialist, pharmacies, hospitals, and other care providers. Most HMO networks consist of thousands of health care professionals, ensuring you’ll have convenient access to medical care when you need it.

• PPOs (Preferred Provider Organization). PPOs plans are the most popular in the Individual and Family market. Like the name implies, with a PPO you’ll need to get your medical care from doctors or hospitals on the insurance company’s list of preferred providers if you want your claims paid at the highest level. It’s up to you to make sure that the health care providers you visit participate in the PPO. Services rendered by out-of-network providers may not be covered or may be paid at a lower level.

• Health Savings Account (HSA) Plans. There are 2 parts to HSA coverage: a high-deductible plan and a Health Savings Account. The high-deductible plan provides catastrophic coverage and features low monthly premiums. The HSA is a tax-free savings account where you save money to pay for routine medical expenses.

• Fee for Service (FFS) Plans. The FFS plan is the traditional form of individual health insurance. It works very simply – you get the care you need, then you’re reimbursed for a percentage of the cost.
COMMONLY USED HEALTH CARE WORDS:

Here are some basis terms that you should know if you are looking for an Affordable Health Plan.

Premiums:
Your premiums are payments you make to keep your plan in effect. Usually, premiums are paid each month. Premiums are set by your insurance company based on factors such as age, sex, health status and the zip code where you live.

Copayments (Co-pay):
A flat per service charge that plan members are responsible to pay for services such as Doctors visits or prescriptions.

Deductible:
Is the dollar amount you’ll be responsible each year for eligible health expenses before the plan begin to pay benefits for covered services. Most individual health insurance plans let you choose your own deductible.

Today Deductibles: $500, $1000, $1500, $2000, $2500, $3000, $3500, $5000, $7500, $10000

Coinsurance:
Is a percentage of the company contracted rate to an in-network provider or a percentage of the cost from an out-of-network provider that the member is responsible for. Coinsurance is similar to a copayment, except it’s expressed as a percentage rather than a dollar amount. A coinsurance rate of 70/30 means you’ll be responsible for 30% of a medical bill.

Examples of Coinsurance: 100/0, 90/10, 80/20 and 70/30.

In-Network Provider:
Any health care provider (physician, pharmacy, hospital, etc.) that participates in the company network.

Out-of-Network Provider:
Any health care provider (physician, pharmacy, hospital, etc.) that does not participate in the company network.

Impatient Care:
Care given to a plan member admitted to a hospital, hospice, skilled nursing facility or rehabilitation facility.

Outpatient Care:
Any health care service provided to a plan member who is not admitted to a facility.

Out-of-Pocket cost:
Co-payments, deductibles, coinsurance or fees paid by plan members for health services or prescriptions.

Out-of-Pocket Maximum:
The most plan members will pay per year for covered health expenses before the plan pays 100% for the rest of the year.

“Making any mayor purchase can be difficult. But choosing individual health insurance can be particularly difficult because it touches the things that matter most: your family’s health and finances”
Here’s where we come in. A licensed agent will help you sort out all the details of a health insurance plan – and help you with the application process.

Best Home Insurance Guide Line

Home insurance is the best policy for save your home and your family. The best house insurance protects a home against much different type of perils like earthquake floods etc at the very reasonable price. There are some importuned tricky to find the best coverage. First find the agent who has good reputation and he know exactly what is needed for home insurance. And it is well educated and the shop approximately for the best residence owners.

For house insurance it is necessary to choose a good policy. The best insurance policy is cover exactly what is needs are for this particular circumstances. A good chaise of the homeowner insurance policy protects homeowner from weather damage caused to their house. The insurance policy also protects the theft and other perils that may the reason for the damage’s the home. But there are some little problem in home insurance is it cannot cover every possible perils or circumstances. So always check that who is the best policy for the home insurance.

In best house insurance policy normally will include two parts. In first part of homeowner assurance policy does federal government or a natural tragedy order property protection that includes the personal property, house, and garage as will as the loss of used of the house as. This part of insurance policy is only cover the basics damages like electrical wiring investigating and appliances.

The second part of the coverage is property liabilities. This aspect of the assurance policy is covering the property damages or bodily those are in case of homeowner property, and some companies includes any medical payments that might required by the such occasion. Which insurance is best who cover all the member of the homeowner family as will as organization.

Find the most suitable insurance companies or shops around or find highly regarded companies and get three types of quotation marks that fit the situation. These type companies are provide a website with price list and price comparisons between the different insurances companies. For more detail ask his friends or family member or business associates for recommendation in order to finds the best home insurance policy.

An Auto Insurance Guide For Your Best Insurance Prices

Regardless of what you are spending your hard earned money on, you want to be sure that you are getting the best value. This especially includes purchasing car insurance.

Car insurance is not cheap and the process can be quite complicated. How do you know you are getting the best deal possible? Read on for a valuable introduction as well as some advice for getting the most from your car insurance dollar.

Car insurance companies do not all use the same formula when setting their prices. Even within the same company, prices can vary from time-to-time as their priorities change, so it is important to shop around for car insurance periodically.

Your car insurance policy is really made up of three basic categories. It is important to understand them so that you are able to buy what you need without getting too much insurance and paying more for it.

Liability insurance basically covers damage to others and their property in the event you are at fault in an accident. This type of coverage is usually mandatory in most places. However, the level of coverage that is required is usually set very low. Depending on what your overall asset position is, you may want to increase your liability limits well beyond the required minimum levels. If you are at fault in a major accident, your assets could be at risk in the resultant legal action.

Collision insurance covers damage to your car in the event that the accident is your fault. If your car is old, you may want to delete this. If your car is newer, you can save if you can reduce the deductible amount. Be aware that your lender, if any, may have requirements for coverage in this area.

Comprehensive insurance covers damage to property other than your car in the event you are found at fault. This could include buildings or landscaping, for example. It also covers damage to your car from causes other than a car accident such as theft or storm damage. Again, look at the deductible.

Your car insurance premium is also affected by a wide variety of other factors.

Age: under 25 means higher rates.
Sex: females pay less than males.
Driving record: more tickets and accidents mean higher rates.
Your car: faster or more expensive equates to higher premiums.
Location: urban or high crime areas are higher than peaceful suburban or rural.
Parking: garage kept is cheaper than street parking.
Mileage: your annual mileage and your distance to work affects your rate.
Safety and anti-theft: having or adding these things will lower your costs.

Buying car insurance for the first time can be a daunting experience. The field is complex and the terminology may be foreign. It is worth the effort however, to take the time to understand the process. Note that, in some cases your seller or lender may have “suggestions” for your car insurance choices. Be careful because, in some cases, they are receiving a commission if you buy where they suggest. This will only serve to increase your rate.

Then, be sure to shop around. Carefully compare a minimum of three different offers. Some types of issuance, such as liability, you have to buy by law. Others types may be required by your lender. Still others may not be required, but will give you the protection you need for your investment.

Homeowners Insurance Guide – Insights on Wildfires

When temperatures rise, the risk of wildfires also rise and this is a nationwide threat to many homeowners in the United States. It is estimated that the U.S experience an average of 100,000 wildfires every year going by the report from the Institute for Business and Home Safety (IBHS). This is said to responsible for burning over four million acres of land every year.

In a situation like this, what can you do to secure yourself from loss or damage by wildfire? Also, will your homeowners policy give you protection against formidable enemy? You need direct and straight answers on these questions. Ask your insurance agent for such inclusions.

Learning how to protect your home with insurance:

It is true that the western areas of the United States is notoriously known for summer wildfires; note that this is not a problem for the western areas alone, all other areas in the country are also at risk.

For you to secure yourself from economic loss, endeavor to buy homeowners insurance for the replacement cost of your home and not the cash value. This is very important if you reside or holiday in a high risk area. A lot of consumers fail to realize that the cost to rebuild their home can be higher than what they spent for it. Learn how to calculate your home rebuild cost; get about two or three contractors to give you estimates. This will make you able to calculate the quality you are getting in the replacement cost policy.

Do you need protection against loss and damage caused by wildfires? Let us connect you with trusted agents on our network, so that you can search for your preferred and affordable coverage.

Where To Get and Compare Free Home Insurance Quotes on Wildfires From Trusted Insurance Providers?

Car Rental Insurance Guide

Car rental companies offer such a wide variety of insurance policies it can be difficult to decide what coverage is really necessary from what is not. Some of the rental company’s insurance policy may be necessary while other coverage may be extended through your own auto insurance premium. It’s important to know what rental car charges you are responsible for before accepting your car.

Coverage Against Acts of Nature

According to Hertz, a leading provider of rental cars, most major rental companies are not paying for costs associated with acts of nature. It’s important for drivers to know that most major car rental companies no longer provide coverage for cars damaged by acts of nature like hail storms, earthquakes and floods.

Read Your Agreement Terms Carefully

It’s very important to thoroughly read your rental agreement before taking the keys to your rental car or you could end up paying dearly. However, acts of nature may be covered under your auto insurance policy’s comprehensive coverage. It’s important for anyone planning to rent a car to check with your own auto insurance policy to find out what it covers when you rent a car. You should also make sure that you have any protection that you are questioning written clearly into your car rental agreement.

Consider who else will be driving the car, and know who your policy covers. Will it extend to family, business associates or friends? You’ll probably want to tell you eager teen driver that the rental vehicle is off limits.

Making Sense of the Agreement

Car rental agreements can be very long and complicated documents. They do not contain very many layman terms. Still you should take the time to read through the contract thoroughly before signing. Ask the representative to explain any concepts, phrasing or terminology that you don’t understand.

Collision Damage Waiver

Car rental companies offer all types of coverage options to you before you receive your vehicle. These charges can really begin to add up, increasing your rental cost. But a lot of the coverage they sell is the same coverage you are already paying for under your auto insurance policy. This coverage automatically extends to your rental car.

One exception to this is a daily charge that covers the cost of damages to the rental car if you are involved in an accident. It also covers the “loss of use” charge the rental company will end up charging you. “Loss of use” refers to the time and money the rental car company has lost since they can no longer rent the vehicle. If you refuse this coverage, you should be aware that most car rental companies expect to be paid immediately. Deciding not to purchase the Collision Damage Waiver means you’ll be expected to pay for the rental on your own. If you rent a car in another country your insurance coverage will not likely extend to your rental.

Keep Asking Questions About Rental Car Insurance Policies

If you have a loss in your rental car that isn’t covered under your auto insurance policy, try checking your other insurance policies. For example, personal property that gets stolen from your rental car just may be covered by your rental or homeowners policy. Don’t assume that because no one has mentioned it that it doesn’t exist. The bottom line is that you are responsible for knowing what coverage you do and don’t have.

The Fifty Plus Life Insurance Guide

Are You Looking For Over Fifty Life Insurance Options?

Life insurance policies are not just for young and growing families. Older people use policies to help them provide security, create an asset, and transfer wealth to the next generation. It is certainly possible to find the right coverage for these uses if you follow a simple plan.

Why Do You Want To Buy A Policy Over 50?

Before you go shopping, it is important to consider the reasons you want to purchase a policy. Here are some common uses that older people have for coverage.

You can transfer wealth to the next generation. There are many tax advantages to the proceeds from a policy, plus you can make monthly payments which will turn into a much larger death benefit. So one of the first uses that people have for their policy is a way to leave money to heirs.
You can build an asset to use while alive. Cash value policies actually can grow an asset. The cash value may be borrowed against or cashed in. Sometimes a cash value policy can be used in a life settlement transaction.
Life settlements are a transaction where an investor will actually purchase a policy for cash. This cash will be some percentage of the face value of the policy, but will usually be more than the surrender value. These may be attractive if the insured person needs the money now. You must have a cash value policy (like whole life) or a term policy with an option to convert.
Smaller burial policies can be used to fund funerals and other final expenses. Many moderate income families use a smaller policy to make sure there is cash to pay for expenses that crop up at the end of life. Examples of this are funerals, burials, transportation, and settling debts. These are the types of policies you see advertised on TV as senior life.
Settle or avoid family disputes. Sometimes on family member stands to inherit the proceeds from a family business or other assets. The owner may use a policy to compensate other family members with cash to avoid disputes later.

Once you have considered your own needs, you can begin to find the type and amount of coverage you would like to purchase. For example, if you just want to make sure that a funeral can be paid for, a smaller burial or final expense policy should do the job. If you are concerned about business financing, you may want to look for a much larger term life insurance policy.

In general, term policies will be cheaper, but they do not usually grow any cash value. If you want to keep your options open, you may choose term life with an option to convert to a permanent policy later.

People in their 50s will usually have more affordable options than people in their late seventies. Reasonably healthy people will have an easier time than people with severe health problems. Age and health conditions may raise the price, and it may also limit your choices. Almost anybody can find a policy though.

RV Insurance Guide – Cheap Recreational Vehicle Insurance

An RV is like a home on wheels. A lot of people use RVs when holidaying or when transiting to a fun spot carrying a lot of home items and thus, people love their RVs. This makes it very important that they are properly protected with the right RV insurance plan.

RV insurance was specially created for people who own vehicles like travel trailers, truck campers, motor homes and fifth wheels. RV coverage provides financial help when there an accident (collision of breakdown) that stops a fun trip.

Having the right RV coverage, owners of these homes on wheels can actually have peace of mind and enjoy the scenery if there is an accident, having no worries of cost of repairs and replacement.

While the regular auto insurance policies protect drivers and vehicles only, recreational vehicle insurance operates like a cross between home insurance and automobile insurance. These vehicles are considered as “home” by insurance companies. This is because people actually live in them and all the kinds of risks associated with homes are also associated with them. Risks like theft, fire, damage and issues of personal injury.

The Risks Covered in RV insurance:

In the case of an accident and expensive possessions like cameras, jewelries, electronics and clothing are destroyed; the insurance company pays the fees for repairs or replacement.

Special vehicle parts (stairs, awnings, appliances and slideouts) that are unique to RVs are also protected.

In the case where the RV will be towed away, the insurance company takes care of lodging and transportation costs of the owner; the owner is not left out on the road.

There is also the liability protection which pays for legal representation, medical bills and repairs caused by your RV to a third party.

Get Free Professional Help On RV Insurance and Save Now!
Where To Get This?

Ultimate Life Insurance Guide

Life insurance policies are NOT created equal. Some provide coverage for the rest of your life until your dying day while others cover you for a specific length of time (years). Some policies build up cash value and others don’t. Some combine different kinds of insurance and others will allow you to change from one type of insurance to another. Some may offer some other benefits while you are still living, called “living benefits”.

There are TWO basic types of life insurance… “Term” and “Cash Value”

Term insurance has lower premiums (what you pay) in the early years of owning the policy, however DOES NOT build any cash values that you can use as a financial resource in the future while you are still living. None. The benefit of term insurance is the lower premiums.

You can however, COMBINE term insurance and cash value insurance for the period of time that your family would have the greatest need to replace your income. An example of this would be to help your family raise the children, should you die before they are old enough to be self-sufficient.

Term insurance simply provides coverage for a term of one or more years. It provides a death benefit only during the specified term and pays nothing once the policy expires or if premiums are not paid.

Term insurance typically offers the most bang for the buck… the most coverage for the smallest amount of premium.

You can renew most term policies without providing what is called “evidence of insurability”. This means, that if you get deathly ill at the 9 year mark of a 10 year term policy, you can simply renew the policy by continuing to pay premiums and you won’t have to prove that your health is in good standing as you did when you first took out the policy.

Keep in mind, that each time you do renew the policy your premiums will go up. Be sure to ask your agent or insurance company exactly how much the premiums will go up when you renew the policy. Check to see if you’ll lose the right to renew the policy at a specific age. For a higher premium, some insurers will allow you the right to have the policy in force for a period that is guaranteed to be the same each year. You would of course have to provide evidence of insurability at renewal time, under that type of policy.

During a conversion period, you may be able to trade a term for a whole life policy, or if you have a “convertible” provision in your policy, you may be able to convert your temporary insurance to permanent at any time.

Cash Value Life Insurance is a kind of life insurance where the amount of premium you pay is higher in the beginning for the same death benefit (face amount or face value) of a term policy. The part of the premium that you pay isn’t used for the actual cost of the insurance, but rather is invested by the insurance company. This invested amount builds cash value that can by used by you while you are still living in a variety of ways.

You can take out a loan against the cash value. If you don’t pay it back, the amount borrowed against the policy will be deducted from the face value of the policy upon death. You can also use the cash value to keep some insurance protection in force for a limited period or to purchase a reduced face amount without having to pay any more in premiums (paid up).

Cash Value Insurance is known as whole life, universal life or variable life and each of these different types of cash value policies have differences.

Whole Life Insurance provides protection for as long as you live (your whole life) so long as your premiums are paid. The premiums are generally guaranteed and never change. Some whole life policies are paid up in a specific period of years. This is commonly known as “20 pay life” or “10 pay life”. These policies are generally for children as the premiums for this type of policy can be very expensive in later years.

Universal Life Insurance is a flexible policy that allows you to vary your premium payments. The face amount of the policy can be adjusted by the policy owner. Increases in face amount will generally require a health checkup to make sure you’re not getting the additional coverage due to health concerns. A part of your monthly premium covers the cost of the insurance (insurance portion is always Annual Renewable Term) and the other part of the premium goes into a separate cash account. This separate account is used for investments by the insurance company and pays interest to you. Or, if the separate account doesn’t earn money from investments, you can lose money. If this amount continues to drop and becomes negative, you will lose your coverage.

Variable Life Insurance is a type of policy where the death benefits (face value) and cash values are dependent upon the performance of investments made by the insurer in one or more separate accounts. These may be mutual fund investments, real estate accounts, bond accounts and others. Be sure to carefully study the prospectus offered with this type of policy. With variable life, you may have to pay a higher premium for a guaranteed death benefit.

A Complete Car Insurance Guide for Young Drivers

With power comes responsibility. As a young driver you are now entering an entirely new exciting world. You also need to enjoy this new world without being irresponsible. Insurance for your car is not only necessary because it is required by the law, but also because it can save you from financial ruin. Here you are provided with a brief but concise understanding of how to go about getting the maximum coverage for a minimum premium.

Different companies provide different types of policies. Most of them have a lot of common coverage.

Types of coverage

Liability coverage – Liability coverage will take care of expenses incurred due to accident caused by you to another individual. Such expense can be for bodily injury or to their property. Legal cost is also covered if a lawsuit is filed against you by him.

Collision coverage – It covers damages to your car in case of accident with another car or object.

Comprehensive coverage – it covers damages to your car for reasons like theft, vandalism, natural calamities etc.

In both the above cases you pay deductibles, which is a predetermined amount to be paid by you before the insurance company pays up.

Uninsured motorist coverage – If you, your passengers or family members suffer bodily injury or death, due to accident with a driver having no insurance, this coverage will help.

Underinsured motorist coverage – If you, your passengers or family members suffer bodily injury or death at the hand of a driver whose insurance is insufficient to cover your expense, this coverage will pay for the shortfall.

Medical payments – It provides cover to you and your passengers for injuries sustained in an accident even as a pedestrian or while travelling in someone else’s car.

What coverage to take and what not to take depends on your insurance needs and how big a risk you are willing to take.

Liability coverage is not only mandatory, but its limits to be decided by you, requires some thinking. If the limits are set too high you end up paying higher premiums. If the limits are set too low you may face financial ruin if a lawsuit is filed against you.

Opting for higher deductibles may prove to be expensive for an old car.

Tips to save on auto insurance

1. Shop around and compare insurance quotes before deciding to buy one.

2. Check out cars that attract lower insurance premiums. Mostly they are safe and inexpensive models.

3. If your parents have auto insurance, you may get a discount if you get added to it. Multiple policies from the same provider may make you eligible for discounts.

4. Getting good grades at school and college also helps to get discounts. You may need a B average or above for this.

5. Keep a clean driver’s record and drive responsibly. No claims will keep you in their good books.

Buying insurance is not only a necessity but also a socially and morally correct move.

A Complete Information Insurance Guide

Everybody ends up getting at least one form of insurance in their lifetime; insurance is actually quite important because it helps protect you in the event of an accident. To drive a car legally, one must have auto insurance so that in the event of a car accident, both you and the other driver remain protected financially. Health insurance is probably an excellent type of coverage to have because it will help pay off medical bills should you have to go to the doctor or hospital. There are many different types of insurance coverage available, and what you are reading now will act as a guide to the main types of insurance coverage available, so keep reading!

Since we started talking about auto insurance above, let us go ahead and continue to talk about this subject even further in depth. Auto insurance is not only vital to have in the case of an accident, but it also completely illegal to drive without having some form of auto insurance. When you sign up for an auto insurance policy, you basically agree to pay a certain amount each month (premium) and in turn, the auto insurance will keep you financially protected should you be in an accident. Typically, auto insurance policies will cover your medical bills, any liabilities and any property damage incurred during an accident.

We can continue our insurance explanations by talking about health insurance. While auto insurance is required by law to have in most countries, this is not the case for health insurance. Health insurance is an optional choice that can be made by the consumer, but it is advised that every individual have some form of insurance coverage. We all know that a trip to the doctor or hospital can be extremely expensive and unless you are wealthy enough to pay the expenses yourself, then health insurance is probably a good idea. You will pay a certain premium every month in exchange for the insurance company’s financial help with medical bills. Depending on your policy, you may have dental, sickness and accident coverage as well.

Home and property insurance is of equal importance with the two types of insurance listed above. All kinds of things can go wrong at the location of your residence, which is why it is important that your home and property are protected. Home insurance is meant to protect your home against any damages that may have been caused by disasters; although if you live in an area that is prone to a particular type of natural disaster such as tornadoes, then your insurance may not cover your home in the event of a tornado. Your insurance representative will go over your policy and what your home and property is protected from. You will pay a certain premium every month in exchange for this protection.

Everyone is going to die someday which is why it is important to maybe look into purchasing some type of life insurance coverage. For example, if you were to die, what would your family have to help sustain themselves; not to mention the funeral costs? However, if you have life insurance, then on the event of your death the insurance company will pay a certain specified amount to your family or beneficiaries. Purchasing a life insurance policy is gone about the same way any other policy is gone about. A certain premium is paid every month in exchange for protection for your family or beneficiaries upon the event of your death.