Tag: COBRA

Understanding Short Term Health Insurance Options

Having short-term health insurance means absolutely nothing if you do not understand what it is that you exactly have. There are tons of different types of health insurance that you can buy and sometimes you have no idea what exactly it is that they cover. You might be surprised by how little they cover, especially when it comes to travelers insurance, or the cost of COBRA insurance, which is a necessary evil you need if you lose your job unexpectedly.

COBRA is designed for those who have become unemployed without being prepared and gives you the kind of health insurance that you will need while looking for your next job, hopefully one that will provide you with the kind of health insurance that you need. COBRA can be extremely expensive even though it provides you with the same benefits that you had with the insurance that you had while you were working, but since your former employer won’t be paying anything, that cost goes to you and will take huge chunks out of your bank account

Temporary health insurance is another option for those who have become unemployed or who find themselves caught in a wait period before their new health insurance policy kicks in. Since these plans can be purchased for the short term they remain a low cost alternative but one that often only covers emergencies and serious illnesses and does not usually cover routine care.

Travelers insurance is usually something that people overlook, but it can be important. The thing is, travelers insurance typically covers only some countries. If you are traveling abroad, make sure you check with the insurance company you are dealing with to make sure it covers that country because you would be surprised how often your traveler’s insurance policy means absolutely nothing in certain countries.

The best thing to do is to simply call your insurance agent for answers. Most companies will tout their policies but you won’t know what is the best policy for you unless you can talk to someone who you can trust and has the answers.

Having self employed health insurance is a big deal for loads of people.Searching online the best health insurance in texas can be a great money saver.

Advantages of Business Health Insurance in the Backdrop of a New COBRA Extension Privilege

Business health insurance quotes are some of the most sought after features in the said industry today. Such coverage plans make sure that both the employers as well as the employees are in good stead as far as protecting themselves from unfortunate incidents or calamities are concerned. Business health insurance quotes have become much more easily available with the arrival of online portals. These offer coverage policies to small and large corporate units without harping on unnecessary complexities.

Company or group health insurance quotes have gained more prominence due to a recent event that has made corporate units sit up and take notice – especially the employees. Affordable health insurance packages that employees had been enjoying during their tenure with corporate firms would be continuing to do so at their discretion even after retiring or termination. This latest COBRA extension has also offered a stimulus package will take care of 65% of their coverage policy premiums up till 15 months.

Listed below are a few more advantages of acquiring such coverage quotes and subsequent plans:

1.Low Premium Rates – Since the risk or the claim chances are spread over a large group of people, the premium rates are usually low for business health coverage quotes. You can choose to reduce them further by shopping around for more quotes or deals online.

2.Employee Retention – Apart from the fact that premium rates will rise considerably if the employees leave the job, the coverage deals will also provide assurance to the employees. This opens up avenues for better employee loyalty and retention statistics.

3.Additional Flexibility – As most such insurance plans provide an average cover for all of the existing employees or groups, you can add features and customize it to fit your personal requirements too. Though these will make individual premiums rise up a notch but will keep you safer than the rest of the lot.

4.Cost Benefits – Costs may vary according to the age, sex or location base of each member. These may count for you as benefits in the form of price benefits.

So whether it is a PPO, POS or HMO plan you have opted for, a business coverage quote on the medical front is a winner all the way!

You can visit -Health Insurance Coverage’ or similar online portals that offer free comparisons and advice on selecting the ideal business health insurance quote to decide your point of investment.

Resources:

HealthInsuranceCoverage.com provides business health insurance quote from the numerous insurance companies by simply entering the zip code.

Where to Get Low Cost Health Insurance in Illinois

In Illinois, 1.4 million adults do not have health insurance. And this number is expected to rise as insurance costs go up and businesses reduce or drop insurance benefits. So where can you find low cost health insurance in Illinois?

Explore Your Options

Many Illinois residents are fortunate enough to get adequate health insurance through their employers. However, if you’re unemployed or your company doesn’t offer health insurance you can still get coverage:

* If you left a job that offered health insurance or your employer dropped your health insurance benefits, look into COBRA coverage. COBRA offers you coverage under your former employer’s health insurance plan for a few months at your own cost.

* Look into Illinois Covered, the state health insurance program. This program helps with health care and insurance costs for a variety of Illinoisans, including children, low-income residents, uninsured adults, businesses, and middle-class families.

* Group insurance from an organization. If you buy health insurance through an organization such as your college alumni group or a professional group, you may be able to qualify for a lower group rate.

* Buy an individual health insurance plan. This may be the most expensive option, but it also offers the most choices, as many types of individual plans are available: comprehensive coverage, major medical coverage, emergency coverage, short-term coverage, PPOs, HMOs, and POSs.

Finding a Low Cost Illinois Health Insurance Policy

If you decide to buy an individual health insurance plan, an insurance comparison website is the best place to find a low cost policy. On these sites you spend a few minutes completing a form with information about yourself and your health insurance needs. Once you complete the form you’ll receive health insurance quotes from multiple A-rated insurance companies.

The best websites also let you talk with insurance professionals via an online chat service so you can ask questions and make sure you get the best health insurance plan for you (see link below).

Visit or click on the following link to get cheap Illinois health insurance quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on health insurance in Illinois.

The Things That Everyone Needs To Know About Health Insurance

So you think that you understand your medical insurance plan and you think that you’re aware of all your possibilities. Even if that is the case you are going to most likely find that there are still some things which you are not well versed in when it comes to health insurance. Did you know that:

-Even good health insurance coverage can have large loopholes? At first glance you may feel that you have a good health insurance plan and one which covers several various issues that may come up. You might discover that while your doctor’s visits are covered at a really good rate, that you have difficulty with getting your health insurance company to pay for mental health and dental coverage for instance. And while your plan may contain some level of coverage in this area there may be many restrictions and other requirements surrounding the level of care in other areas.

-You are going to have to pay more for choices? Most of the plans that present you with the lowest cost for coverage also have less freedom. HMO and PPO plans provide individuals with exceptional coverage but commonly there are restrictions on the doctors and hospitals which you can go to in order to receive the highest level of coverage. The more flexibility you want from your health insurance plan the more you are going to have to pay.

-You can figure out who’s in a network prior to signing on with an insurance plan? If you are contemplating signing on with an insurance plan then you have the right to request a list of their in network providers beforehand. This will enable you to get a feel for the number of providers available in your area and also enable you to see if any of the doctors you use are included in their plan. Numerous people actually ask their providers in advance if they are part of any specific group and this can help you to obtain an insurance plan that includes the providers you might be already using.

-You can keep your health insurance in the event that you become unemployed? If you lose your job the COBRA program is in place and requires your employer to enable you to maintain your health insurance in place even after your employment ends. Maintaining this level of coverage could be tough on a lowered salary however there are a few government assistance programs in place now to help you pay your COBRA insurance premiums.

Student health insurance is something which is very important to have in order to protect your loved ones while they are away at college. You can obtain free health insurance quotes when you log onto gohealthinsurance.com.

How to Get Cheap Temporary Health Insurance

Need cheap health insurance to cover you for anywhere from one month to a year? Whether you’re between jobs, going to school, or working without benefits, don’t take the risk of going without health insurance. Instead, find the protection of a temporary health insurance plan.

What about COBRA?

If you’ve been working at a job that offered group health insurance but you’ve been laid off, quit, or fired, COBRA health insurance lets you temporarily remain insured under the group health care policy. Sound good? It can be, especially if you have a pre-existing condition.

With COBRA, you’ll receive the same benefits and coverages you had as an employee. The main disadvantage to COBRA is that you have to pay the insurance premium yourself, instead of your employer paying a portion of it. Therefore, COBRA coverage is usually expensive.

Other Temporary Insurance

Short term or temporary health insurance is an affordable alternative to COBRA coverage. It typically costs less than COBRA and lets you choose any doctor or hospital. It provides the same coverage as other health insurance plans, including:

* Doctor visits

* Inpatient and outpatient treatments and procedures

* Surgeries

* Other hospitalization services

However, pre-existing conditions or preventative care are usually not covered.

Finding Affordable Temporary Health Insurance

Because temporary health insurance plans are typically designed for the unemployed, insurers strive to keep the plans affordable. To find the most affordable plan for you, begin your search by visiting an insurance comparison website. Once there you’ll complete a short form with information about yourself and your insurance needs. You’ll then receive quotes for temporary health insurance plans from multiple A-rated companies.

Some comparison sites even have a chat feature so you can get answers to your questions about temporary health insurance from an insurance professional. (See link below.)

Visit or click on the following link to get temporary health insurance quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on temporary health insurance.

Look for Affordable Health Insurance Quotes

Everyone is wanting affordable health care these days, especially when it seems like premiums are rising every year. The other problem is companies are starting to think twice about whether they offer a full insurance plan to their employees or not. Then there is the issue of soaring unemployment or the constant fear of losing a job. All of these issues are causing people to look for affordable health insurance quotes, as they never know when it might be needed.

Health insurance is necessary in life, at least some kind of plan. Even an insurance plan with a really high deductible will be worth it if you would happen to experience a tragedy. It could save you hundreds of thousands of dollars. When you are shopping around for affordable health insurance quotes, make sure to look at all the options. Your goal is to find something you can manage on a monthly or even quarterly basis, as most of us don’t have a fortune laying around.

If you have been laid off, make sure you look into the COBRA, which is something the government put into place. Your coverage will continue with your former employer at the group play rates for a short period of time. However, this may not be as cheap as you might think. There are some employees who previously paid some of the premium and now you are in charge of all of it. This means your costs have risen, making it less effective as possibly thought. The COBRA plan is good to have for the time being, but you will want to be looking at other options for the future.

The best place to find affordable health insurance quotes is online. Many of them will fight for your plan, ensuring you of a great deal.

About the Author
Carla Kaplan is a writer and researcher on affordable health insurance quotes. Save time and money by getting FREE in-depth information and helpful tips here: ReallyCheapHealthInsurance.Com

Where to Get Affordable Retirement Health Insurance

If retirement is in your near future, you need to make a lot of plans for your financial future, including figuring out what you’re going to do for retirement health insurance.

Even if you’re in good health, chances are you’ll experience some health problems as you age. Plus you’ll want to have routine checkups and preventive care.

Having a good health insurance policy is key to a peaceful retirement.

Closing the Gap

Part of the retirement health insurance problem is that Medicare coverage doesn’t begin until age 65 but many people want to retire before then. If you retire early, you need to fill an insurance gap between when you retire and when Medicare coverage begins. Some options available to you include:

* Continuing coverage through your employee. Some large companies continue to provide insurance coverage for retired employees. Even if they don’t, you may be eligible for coverage through COBRA for up to 18 months

* Obtaining coverage through your spouse’s employer, if your spouse is still working

* Looking for a cheap private medical policy

Finding an Affordable Policy

If you do decide you need to get a private policy, be prepared for sticker shock! These policies are not cheap.

However, you can save money by going to an insurance comparison website to find your policy. These websites make it easy to comparison shop for insurance, which is very important because rates for the same coverage can vary by hundreds of dollars from one company to another.

Just be sure you choose a website that offers an online chat service with insurance experts in case you have any questions you need answered (see link below).

Planning for the Future

Even when Medicare begins, you may still choose to buy a Medigap policy to cover your deductible, co-payments, and other out-of-pocket expenses. Insurance comparison websites give you access to these kinds of policies as well.

Where to Get Affordable Insurance

Visit or click on the following link to get affordable retirement health insurance quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written numerous articles on affordable retirement health insurance.

Health Insurance Coverage After A Divorce

It is not uncommon during a marriage for one spouse to be the primary policyholder of a medical insurance plan and the rest of the family to be covered under that one plan. Typically, the plan is offered through that spouses employer. However, when spouses file for divorce, the question arises as to how will the other spouse, and also the children, be covered by medical insurance.

In Massachusetts, there are laws that require the policyholder spouse to continue to provide coverage to the children, and also to the other spouse, so long as coverage to the other spouse is available. In the common situation where an insurance policy is provided through a group plan offered by the policyholders employer, then pursuant to Massachusetts General Laws chapter 175, Section 110I, and Massachusetts General Laws chapter 176G, Section 5A, the policyholder spouse must continue this coverage, unless there is what is known as a triggering event. A triggering event is something that would cause a person to no longer be eligible for coverage under a specific medical insurance policy. With certain medical insurance policies, a divorce is considered a triggering event. Thus, as long as there is no triggering event, the non-policyholder spouse may remain on the insurance plan. However, if there is an additional cost to remain on the plan, the non-policyholder spouse is obligated to pay the additional cost.

It is important to note that the law only applies to group insurance plans. If an employer does not participate in a group insurance plan, but rather is self-insured, then that company is not required to provide continuing coverage for the former spouse through its medical insurance plan. Rather, in these cases, the former spouse may elect to receive COBRA coverage for up to 36 months after the divorce. However, COBRA coverage is typically expensive, and in these cases, the former spouse may want to look into other medical insurance coverage options.

In cases in which a policyholder spouse is self-employed or has a health insurance plan purchased privately or not through an employer, then the law does not directly apply to these spouses; however it is not uncommon for the non-policyholder spouse to still remain on the policy, absent a triggering event. Thus, in these cases, spouses can typically remain on the insurance, but pay any additional cost to continue the coverage.

Simply put, spouses will not be left without insurance after a divorce. There are several factors that must be reviewed, but in general, spouses will be able to continue with some form of medical insurance coverage after the divorce. However, in light of the recent health care reform, it may not always be economical to remain on the existing health insurance plan. Spouses should compare other medical insurance options, such as the Massachusetts Health Connector, to ensure remaining on the existing plan is the most cost-effective solution.