Archive for the 'Tips' Category
Monday, September 29th, 2008
What is COBRA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) is supplemental insurance that people can acquire when they are between jobs or are otherwise lacking in health care coverage. It gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time. This may happen under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events. Qualified individuals may be required to pay the entire premium for coverage up to 102% of the cost to the plan. COBRA begins on the date when a qualifying event triggers the loss of the health coverage. The law allows from 18 to 36 months, depending on the qualifying event. Employers may choose to provide coverage for longer periods if they wish. COBRA insurance also covers recent retirees, people with disabilities, the spouse and/or children of covered employees.
Friday, May 16th, 2008
The Elderly and Health Insurance
Growing old may mean more time in taking care of your health. However, once you resign and you’re no longer covered by your company’s health insurance program what do you do? Get a long term health insurance before this happens to you.
Long Term Care Insurance or LTCI will be useful when you’re in the twilight of your years and probably no more resource for money to pay for a normal health insurance policy. However, deciding when to buy an LTCI policy will depend on a lot of factors, as buying them while you’re young means less expensive premiums to pay but you may be paying it over a very long time. It’s suggested that one should buy this type of insurance at around the 50’s to 60’s age range.
Source
Monday, May 12th, 2008
Health Insurance for Short-term Situations
If there’s anytime, that you would suddenly lose health insurance, either because you’re a new graduate looking for a job, or someone who just got a job and your health insurance benefit comes into the scene three months after. If you fall somewhere within these types, then you might be interested in looking for a health insurance that will temporarily cover you and/or your family.
Most short-term health insurance has a coverage ranging from 180 days to 12 months tops. It’ll cover accidents or sudden illnesses. You’ll be in charge of picking your own doctor or clinic, and get in and out patient services as well.
The negative side of it all is that it won’t offer all permanent plan benefits. It won’t include pre-existing conditions, routine medical exams, preventive care, optical or dental care, or pregnancy and childbirth expenses.
Thursday, May 8th, 2008
Tips in Saving Up for Health Insurance
There are wants and there are needs. Wants are something we can live without, while needs are things that we absolutely need to have to survive. However there are some wants that we will be needing: Health Insurance. If there’s anything we don’t want to scrimp on, it’s anything related to our health. So how do we do it while on a tight budget? Here are ten ways to do it via insurance.com: