Medical Insurance Report

Short Term Health Insurance

Cynthia — Fri, 13 May 2011 20:49:23 +0000

What is Short Term Health Insurance or Temporary Insurance?

Short Term Health Insurance

is health insurance that just lasts for a certain period of time and offers you protection against unexpected health care expenses. Short term medical insurance is often a lower cost alternative to COBRA. You can get coverage for unexpected illnesses, and routine doctors visits. You can get coverage as soon as the next day by answering a few simple questions about your health. Short term Health Insurance is often a low-cost alternative to temporary health insurance or even COBRA insurance.

How does

Short Term Health Insurance work?

A short term health insurance policy is like an “Indemnity” plan in which you generally have the freedom to go to any doctor or specialist you like. Most plans do require pre-certification prior to using coverage.

Surgeries, hospital care, emergency services, diagnostic test, prescription drugs, follow-up office visits and even limited mental health care are usually included under most short term health insurancepolicies. Most short term health insurance policies do not cover routine preventative care such as physical exams, immunizations and PAP tests. This insurance will not pay unless you’ve actually suffered an illness or injury for the first time during policy period of coverage. Short term health insurance is designed for healthy individuals in transition.

Who needs Short Term Health Insurance or Temporary Health Insaurnce?

Part-time and temporary employees, people between jobs after their COBRA insurance terminates, recent college graduates no longer cover on their parents plan and those losing dependent status under their parents health insurance.

One of the major appeals of short term health insurance is its low premiums. The reason the premiums are so low is because the policies do not pay for pre- existing conditions. The short term plan establishes pools of healthy people and families, each of whom will need the coverage for only a short period of time. Given the low risk characteristics of the group, it stands to reason that the cost of the insurance remains low due to people having lower claims.

Most reputable short term health insurance companies Will renew these policies for up to 36 months and will offer a 30-day guarantee period of satisfaction and refund of 100%. So if you and your family are in transition and are not covered by any Major Medical Plan,

Short term health insurance might be an appealing, affordable option for you.

Cobra Health Insurance

Cynthia — Fri, 13 May 2011 13:51:20 +0000

COBRA Health Insurance is, The Consolidated Omnibus Budget Reconcilation Act (COBRA) gives workers who have lost their health benefits the right to choose to continue group health benefits provided by their former employer’s group health plan for a limited amount of time under certain circumstances such as voluntary job loss, reduction in 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 percent of the cost of the plan.

Cobra Health Insurance

generally requires that group health plans by employers with 20 or more employees in the prior year offer employees and their families the opportunity for a temporary extension of health coverage or so call continuation of coverage, in certain instances where coverage would otherwise end.

Frequently asked questions on Cobra Health Insurance:

What is COBRA continuation Health Insurance?

In 1986 congress passed the Consolidated Omnibus Budget Reconciliation Act, (COBRA). This law amends the Employee Retirement Income Security Act. the Internal Revenue and the Public Service Act to provide
continuation of group health coverage that otherwise might be terminated.

What does COBRA do?

It proves certain former employees, relatives, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. The coverage, however, is only available when coverage is lost due to certain circumstances. This group health insurance is normally more expensive than the health coverage is for active employees. The employer normally picks up a portion of the premium for an active employee, but under COBRA the terminated employees is usually responsible for the entire premium.

Who is entitled to COBRA Health Insurance benefits?

There are three elements to qualify for COBRA health insurance:

(1) Plan Coverage: If your former employer have 20 or more employees on more than 50% of its business days in the previous calendar year. Both full and part-time employees are counted to determine whether a plan is subject to COBRA.
(2) Qualifying Beneficiaries: Which is an individual covered by group health insurance plan on the day before a qualifying event, who is either an employee, employee’s spouse or an employee’s dependent child.
(3) Qualifying Events: Which are certain events that would cause an individual to lose health care coverage. This type of event will determine who is qualified and how long this person may continue coverage.

How does a person do continue their

COBRA Health Insurance

They must notify the plan administrator of a qualifying event within 30 days after the employees death, termination, reduced hours of employment, or entitlement to Medicare. A qualifying beneficiary must notify the plan administrator within 60 days of an event, divorce or legal separation or a child ceasing to be covered as a dependent under plan rules.. Plan participants and beneficiaries are sent an election notice within 14 days after a qualifying event has occurred. This individual then has 60 days to decide whether or not to elect COBRA continuation coverage. This person then has 45 days to pay for the initial premium.

How long does COBRA Coverage Last?

COBRA participants and beneficiaries are usually entitled to a period of 18 months of continuation health insurance coverage. But, there can be certain qualifying events that may permit a person to receive a maximum odf 36 months continued coverage.

Who pays the COBRA Health insurance coverage?

The beneficiary is required to pay for this continued coverage. Although the premium can not exceed 102% of the cost to the plan, plus 2% for administration costs. Also COBRA premiums may inclease during the continuation of coverage, if the cost of the plan increases during the 12 month premium cycle. This plan must also allow you to pay monthly premiums, if asked to do so, and the plan mya allow you to at other intervals, such as weekly and quarterly.

Can my COBRA Insurance be terminated?

Yes, If you do not make the premim payment within the grace period. This plan is not required to reinstae your coverage. Although if you feel your plan was cancelled inappropiately you could a benefit adviosor for assistance.

What is the Federal Govenment’s role in COBRA?

The Department of Labor and Treasury have juristiction over private-sector over health group plans. The Department of Health and Human Resources administers the continuation coverage law as it affects public-sector health plans. The Internal Revenue Service, Department of Treasury, has issued regulations on COBRA provisions relating to eligibility, coverage and premiums.

COBRA Health Insurance is a short-term temporary insurance avalible to a former employee and their family. As you can see it is regulated by the Federal Government, so it is the law. For most ex-employees and their family you have the RIGHT to this alternative and most needed COBRA Health Insurance coverage

Long-term care insurance

Cynthia — Fri, 06 May 2011 11:41:39 +0000

What is long-term care insurance?

Long-term care insurance is a type of insurance specifically used to cover the cost of long-term care services, most of which are not covered by major medical or traditional insurance.

As a nurse working for over 20 years in a long-term care facilities (nursing homes) I understand the real need for this type of insurance. Even though most of the elderly receive medicare, long-term care is not always completely covered with medicare payments. The rapid increase in costs for long-term care has put many families in a bind when it comes to covering the cost of long-term placement for their love ones. Also, in years to come, who knows what will happen to Medicare, considering the present national debt, this may not even be an option.

Long-term Care Insurance

is used to assist people with support services such as activities of daily living, like dressing, bathing, and using the bathroom. It can be needed to provide care at home, in the community, in assisted living, nursing home facilities and also with Hospice Care. You may even need it early in life, if you become partially or thoroughly due to a chronic illness or accident.

With Long-Term Care Insurance you also have the flexibility of choosing certain options bust suited for you: such as the type of service, the amount of services, the cost and the setting in which you will use these services. Also. depending on how old you are when you purchase your policy and any optional benefits you choose, such as inflation protection. However if you are in poor health at the time of need for Long-term care insurance you may not qualify or may only be able to buy a more limited amount of coverage.

Long-term care insurance has a benefit period or a lifetime benefit maximum, which is the total amount of time or dollars up to which benefits will be paid. Common benefit periods for long-term care insurance are two, three, four or five years. There are fewer companies today willing to offer unlimited/lifetime policies. With long-term care insurance you pay premiums in amounts you know in advance and can budget and the policy pays up to the coverage limits, with most premiums waived during the time you are receiving benefits.

Long-term care insurance

policies often cover addition services, such as: In-home electronic monitoring systems equipment, home modification, such as grab bars and ramps, transportation to medical appointments and training for a family member, friend or relative tp provide personal care safely and effectively.

Long-Term Care Insurance,

will usually cover the following:

Your home, including skilled nursing care, occupational, speech, physical and rehabilitation therapy, as well as help with personal care, such as bathing, dressing and feeding. Many policies also cover some homemaker services, such as meal preparation or housekeeping, in conjunction with the personal care services you receive. Adult day health care centers, Hospice and Respite care. And also, Assisted living facilities, Alzheimer’s special care facilities and Nursing Homes.
Additional some Long-Term Care Insurances may cover: Equipment such as in-home electronic monitoring systems, Home modification, such as grab bars and ramps, Transportation to medical appointments and training for a friend or relative to learn to provide personal care safely and appropriately.

What is usually not Covered by Long-term care insurance?

Care or services provided by family members unless the family member is a regular employee of an organization that is providing the treatment, service or care and the organization they work for receives the payment for the treatment, service or care and the family member receives no compensation other than the normal compensation for employees in his or her job category.
Care of services for which no charge is made in the absence of insurance.
Care or services provided outside the United States of America, its territories or possessions. However, a growing number of policies now have an international care benefit that can provide care outside of the United States.
Care of services that result from war or act of war, whether declared or not.
Care or services that result from an attempt at suicide (while sane or insane) or an intentionally self-inflicted injury.
Care or services for alcoholism or drug addiction (except for an addiction to prescription medication when administered in accordance with the advice of your physician.
Treatment provided in a government facility (unless otherwise required by law).
Services for which benefits are available under Medicare or other governmental program (except Medicaid). any state or federal workers’ compensation, employer’s liability or occupational disease law, or any motor vehicle no-fault law.

Not everyone will qualify for Long-Term Care Insurance Exclusions include, Aids patients, patients with Alzheimer’s disease or any for of dementia or cognitive dysfunction and if you have a progressive neurological condition such as Multiple Sclerosis or Parkinson’s Disease.

As with any insurance do your research first, don’t buy out of fear or emotion, and you may already have enough insurance to cover what you may need. They is no “one-size-fits all policy” for Long-Term Care Insurance.

Major Medical Insurance

Cynthia — Sun, 01 May 2011 18:06:52 +0000

Major Medical Insurance is the most important insurance you and your family will ever need. This insurance will provide coverage for most types of medical expenses that may incur. Major Medical covers a much broader range of medical expenses including those incurred while in the hospital and out of the hospital. They generally have higher individual benefits and policy maximum limits. Major Medical Insurance policies are divided into two groups: Comprehensive Major Medical, in which the traditional basic coverages and any other types of medical expense are combined into a single comprehensive policy. The other group is Supplemental Major Medical Insurance, in which coverage begins with a traditional policy that pays first, with the Major Medical policy added to pick up expenses uncovered by the initial basic policy. The insurer usually pays the bulk of this expense 80%, with the insured responsible for the other 20%.

Comprehenisive Major Medical Insurance

This type of insurance will start paying benefits after the deductible is satisfied. In this type of policy the insurance holder must evidence that certain medical expenses have incurred and that they have paid for these expenses out-of pocket to satisfy most deductibles. There are essentially two classes of comprehensive major medical insurance: Those that provide first dollar coverage and those that do not. Policies with first dollar coverage will have a deductible amount of zero and after this deductible is met, the policy will immediately begin pay. The second type is supplemental major medical insurace, in which the insurance will may exspense without meeting a certain deductible first.

Major Medical Insurance Coinsurance

This is for sharing between the insured and the insurer of any covered expenses that exceed the deductible. With this type of insurance there is another important feature, which is that this type of policy will usually cover pre-existing conditions. Most policy do not cover conditions in which you had prior to purchasing your policy. Although there could be a waiting period for up to 12 months.

Supplemental Major Medical Insurance

With this type of Major Medical policy it will usually include hospital, surgical and medical coverage along with an additional policy covering a broader range of medical expenses. Generally the basic plan will pay covered expenses with no deductible up to the policies limit. Above those limits then the Supplemental Medical Insurance Policy will kick in and operate the same as a Comprehensice Major Medical Policy that does not provide first dollar coverage.

What all Major Medical Insurance Policies cover:

Hospital inpatient room and board including intensive and cardiac care

Hospital medical and surgical supplies

Physicians diagnostic, medical and surgical services

Other medical practicianers’ services

Nursing services including private duty out of the hospital

Anesthesia and anesthesiologist services

Outpatient services

Ambulance services to and from the hospital

Xrays and other diagnostic and laboratory tests

Radiological and other types of therapy

Prescription drugs

Blood and Blood Plasma

Oxygen and its administration

Dental Services resulting from injury to natural teeth

Convalescent nursing home care

Home health services

Initial purchase of prosthetic devices

Cast, splints ,trusses, braces and crutches

Rental of durable medical equipment, such as hospital types of beds and wheelchairs

Because a

Major Medical Insurance policy is the most important necessity to protect you and your family, it is very important to first assess your possibilities as far as a plan is concerned. Evaluate how your health care expenses will be in any given year. Or make an educational guess on your previous health care needs. If you are relatively healthy your annual expenses would not be much more than an occasioanal doctors office visit. If on the other hand you have a chronic condition. or find your medical needs increasing with age, your expenditures estimate could be quite high. With all this in mind the search for the best coverage at the lowest price starts with comparing as many plans as possible from different providers in your area. With the right planning and research you will be able to find the Major Medical Insurance plan that best fits you and your families budget.

Supplemental Medical Insurance

Cynthia — Sat, 30 Apr 2011 12:37:56 +0000

What is a Supplemental Medical Insurance?

Supplemental Medical Insurance is extra or additional insurance that you can purchase to help pay for services and out-of pocket expenses that regular insurance does not cover.

Some supplemental medical insurance plans will pay for deductibles, co payments and coinsurance. While other supplemental medical insurance plans may provide you with cash benefit’s over a period of time or given to you in a lump sum. This cash can help you with lost wages, transportation related to your health condition, or food, medication, and other unexpected you have due to an illness or injury.

A Supplemental Medical Insurance plan is mostly needed in case of a Critical Injury. This insurance is designed to be used as an extra insurance with your Major Medical Insurance plan already in existence. The intention is to use this type of insurance to pay for non-catastrophic expenses that are outside of you major medical insurance plan. Supplemental Medical Insurance provides payment for pre-existing conditions which many other insurance plans exclude.

Supplemental Medical Insurance

Do you need Supplemental Medical Insurance coverage? Supplemental Medical Insurance is reasonably inexpensive, these plans are less expensive than major plans due to lower benefit amounts. Major medical may pay up to a $1 millions in benefits and a supplemental plan may pay as low as $50 thousand. So the question is: Is it really necessary to have a duplicate policy. Your first step is to make sure you and your family are covered by a regular insurance policy. Ask yourself the following questions:

If you or a family member were in a serious accident or developed a serious injury, would your current medical insurance cover this?

How likely is it that you or a member of your family would be in a serious accident or develop a serious medical condition?

Does the extra cost of a Supplemental Health Insurance Plan make sense to you over a long period of time?

Supplemental Medical Insurance

You may or may not need Supplemental Medical Insurance, all depending on your regular medical insurance policy. As any other type of insurance you need to do your research. Supplemental Medical Insurance plans are heavily promoted, and as a consumer you need to beware that this may be another unnecessary expense in your budget, You and your family may already be thoroughly protected without purchasing any additional insurance, like Supplemental Medical Insurance has to offer.

Temporary Medical Insurance

Cynthia — Fri, 29 Apr 2011 13:47:34 +0000

Who needs Temporary Medical Insurance?
Many Temporary Medical Insurance plans include these individuals:

The part-time or temporary employee are usually eligible for this type of insurance. People between jobs need Temporary Medical Insurance, they can continue with Cobra Insurance from their previous employer for up to 36 months until a new insurance plan is obtained. Although may people will not be able to afford the cost of the premium with their Cobra plan, which may be out of their budget until reemployment. So a Temporary Medical Plan which doesn’t cover preexisting conditions may be more affordable for them.

Another group that may be looking for insurance are recent college graduates, which are no longer covered by their student health insurance. Temporary Medical Insurance would fill the gap during their search for employment.

Those losing dependency from their parents medical insurance and are not enrolled as a full time student are without insurance and may need a Temporary Medical Insurance Plan.

Temporary Medical Insurance

And finally their are those people who a just temporarily uninsured for some reason or another,may be recently out of the military, on a strike from their job, or have taken early retirement and do not yet qualify for Medicare.

However, For what ever reason their is the need for Temporary Health Insurance, you will need to be informed on how this type of insurance works.

Temporary Health Insurance

How does Temporary Health Insurance Work?

A short term or temporary health insurance policy works like an “indemnity” Plan. You can generally have the freedom to choose your own doctor. But most plans do require pre-certifications first. Most plans will cover hospital stays, surgeries, emergency care, diagnostic tests, prescription drugs and office visits.

Most Temporary Medical Insurance Plansare renewal up to 36 months. These plans also usually have low premiums, mainly because they do not cover pre-existing conditions and most short term or temporary insurers have pools of healthy people and families, which is a low risk for the insurers. And many plans have high deductibles, which also help to keep the premiums in an affordable range. Also, when it comes to deductibles most plans have a large range of choices of deductibles which will insure that your premium will fit your budget. After meeting the individual deductible the plan usally pays 50% -80% of all covered expenses. With up to a lifetime maximum of $2 million to $5 million on a 6 month plan.

Temporary Medical Insurance

With the economy downslide and many unemployed, the need for Temporary Medical Insurance is extremely HighThese short term medical plans are extremely flexible and affordable. And many companies even offer a 100% gaurantee for a 30-day trial period of satisfaction. So if you have not filed a claim and this insurance is not right for you, 100% of your premium would be refunded.

Whoever you are and whereever you are in life at present, Be safe for you and your family and consider a Temporary Medical Insurance policy that fits your need.

Self Employed Medical Insurance

admin — Wed, 27 Apr 2011 12:13:41 +0000

Why do I need Self Employed Medical Insurance?

There are many benefits to running a small self employed business, No official dress code. communiction is only between you and the computer, with no middleman. You have noone to answer to except yourself. and your hours of operation are at your leisure, But what about health insurce?

Self Employed Medical Insurance

. The search for self employed medical insurance can become an enormous task. Finding the right affordable Self employed Medical Insurance for you and your family may seem to be an imposible task.

Health Insurance Types, What is the best Self Employed Medical Insurance for you?

Without the group rate that large companies get Self Employed Medical Insurance can be too expensive for your budget. And if you have a persisitant condition or pre-existing condition this cost may be even higher. You may also be eliminated from being covered for the first year on some policies due to prexisting conditions.

The 2 types of self employed medical insurance to choose from are the first option is insured through the employer and the other option is to pay for a Self Employed Medical Insurance plan on your own.If you opt for Self Employed Medical Insurance through an employer you most likely will not have a choice on the medical providers and the kinds of services they offer, these plans are more restictive in nature. Although if you choose to pay for Self Employed Medical insurance on your own you will have more options in terms of choice of a helath care plan as well as the period for which you are going to be insured.

What about your own Self Employed Medical Insurance?

One option for those purchasing Self Employed Medical Insurance is an individually underrwritten policy, which is on the open market. If you have a fairly clean health history, all you have to so is chose a plan that has the benefits you need and the cost that fits your budget. You will want to select the plan that will best take care of and protect you and your family.

Another option is a Self Employed Medical Gruop Plan, There is an abundance of online information on group plans for the self emplolyed. A group plan will be less costly, because insurance companies do not receive much in return on an individual plan. When Insuring multiple self employed people the monthly rates or premiums or based on the entire group. For instance if you are the one with poor health and you go with a group plan, you will beneifit because other people in the group are healthy ands this will lower the cost of your individual plan.

A well informed Health insurance buyer can cut costs as well as improving overall benefits when investigation Self Employed Medical Insurance.

A the good news is that you can deduct the cost of your Self employed medical insurance cost 100% on your federal inco,me tax return. This tax deduction is taken from your total income and you can claim this deduction even if you don’t itemize on your tax return.

Good Luck in finding the best affordable Self Employed Medical insurance for you and your family.

Small Business Medical Insurance

Cynthia — Tue, 26 Apr 2011 14:17:36 +0000

Due to the recent down-slide of the economy many people, have lost their job are faced with the problem of obtaining small business medical insurance for the unemployed or self employed small business. If you start a small business this could be very challenging to obtain affordable small business medical insurance.   Although state and federal laws do protect the individual by providing Cobra Insurance, which defined as short term insurance would remain in effect for a period of 18 month after your job is terminated, and in some cases this insurance may be extended for a period up to 29 or 36 months. Not all people qualify for this type of insurance and if that is the case, you can not always rely on this method for your continuation of health insurance for you and your family. In this case you would need to purchase Small Business Medical Insurance.

Small Business Medical Insurance

With groups such as a small business, the insurer determines a premium price on risk factors balanced over the entire group, using general information on members of the group, such as age or gender. Small businesses often pay much more for employee small business health insurance benefits because they don’t have the buying power of big employers.   On an average small businesses pay about 18% more than large firms for the same small business health insurance policy. Health coverage providers may charge different to small employers based on the industry of the employer or on the employer’s prior health claims.   Do to economy fewer people are able to offer or purchase small business health insurance coverage.

Small Business Medical Insurance

As far as Small Business Medical Insurance goes with the up and coming health reform law, there will be help for small businesses trying to obtain small business medical insurance, beginning in 2014, they we be able to participate in a small business health option programs. These programs are simply state based small business health insurance purchasing pools where small businesses are able to pool together to buy medical insurance. Small businesses are defined as those that have no more than 100 employees. States have the option of limiting pools to companies with 50 or fewer employees through 2016. Companies that are currently defined as small businesses and grow beyond the size limit will be “grandfather in” These purchasing pools are designed to lower the costs of insurance.

According to the Congressional Budget Office, exchanges are expected to ease small business insurance costs.  The forecast is that premiums in the small group market will fall between 1% and 4%, and the amount of coverage in the small group is expected to rise by 3%.

This law also assists small business to afford the cost of covering their employees. If a small business has less than 25 employees and provides health insurance it may qualify for a small business tax credit of up to 35% to offset the cost of insurance starting with the 2010 federal tax year. This will make the cost of small business insurance significantly lower. And in 2014 the small business tax credit will go up to 5t0% for qualifying businesses.

As you can see will have alot more alternatives in the coming future and the small business owner will be able to choose the best affordable small business medical insurance available.

Medical Insurance Broker

Cynthia — Mon, 25 Apr 2011 13:50:15 +0000

Do you know the difference between a Medical Insurance Broker and a Medical Insurance Agent?

My intent in writing this article is to explain the difference between a Medical Insurance Broker and an Medical Insurance agent when it comes to purchasing a medical insurance policy. This is important information needed prior to obtaining the best affordable insurance possible for your specific need. Most people rely on one specific insurance company to provide them with all the valuable information needed to get the best possible insurance policy for their business.   This is not the case, in short they are limiting their field in order to avoid Medical Insurance brokers commissions, which may be very costly. But as the old saying goes, “You get what you pay for,” this may be a costly lesson they would want to avoid.

I’ll start by explaining the primary difference between Health Insurance Brokers and Health Insurance Agents is that brokers provide health benefits quotes from multiple providers. It is extremely important to obtain Health Insurance through a broker that is professional, honest, reliable and committed to providing you the best service for you and your business.

A

medical Insurance broker

in general are middlemen between the buyer and the seller of an insurance policy. They are experts at gathering information and quotes from multiple medical insurance companies. Their economic contribution is valuable and this is why buyers and sellers pay brokers a commission. “Insurance Broker” is sometimes treated as a synonym of “Insurance Agent”. So an Insurance broker is the agent of the insured and the insurance agent is the one who represents the insurance company.

Medical Insurance Brokers in the United States are regulated, with a state issuing brokerage licenses. Most states have reciprocity agreements whereby brokers form state to state can become licensed in another state.

Because of the industry regulation of small brokerage firms they can easily compete with larger ones , who are not allowed by law to provide customers with rebates and discounts on the policy prices of insurance companies.

A

Medical insurance broker

will also play an important role in helping small employers to find health insurance, in the more competitive markets. Their average small group commissions range s from 2 percent to 8 percent of the premium. Many brokers also provide services beyond insurance sales, such as assisting employees enrollment and helping to resolve benefit issues.

The future of Medical Insurance Brokers is may be uncertain due to the new health law on the horizon. Beginning in 2014 individuals and group markets will be able to compare and contrast health plans, which will be regulated by the government without the help of brokers.   As of next year insurers are required to to spend at least 80 percent of the premium dollar on direct medical care. Also many are now considering cutting and eliminating he commission they pay brokers, which are considered administrative expense and some already started reducing broker fees.

This new health care law also aims to simplify the marketplace for commissions, by prohibiting insurers from charging people with pre4-existing conditions more, and by limiting much premiums can vary on age and region. These changes along with the creation of new standard benefit packages will make it easier for customers to select the best affordable insurance plan.

Health care economists and lawmakers who wrote the health care plan law, feel that administrative costs and brokerage fees are factors driving health insurance costs. The National Association of Insurance Commissions has created a task force to work with Obama administration hopes to help brokers in business. Several states are also planning to seek waivers from the requirement that insurers spend 80 percent of the premiums dollars on medical care. in hopes that their allies in Congress will try to change the law.

Medical Insurance Brokers future is uncertain due to the new up and coming health care law which will change the role that Medical Insurance Broker play in assisting people in obtaining Medical Insurance.

Travel Insurance

Cynthia — Thu, 21 Apr 2011 02:06:21 +0000

Do you need travel Insurance?

Many people avoid considering travel Insurance, thinking that this is just another added cost to the price of their vacation. They do not foresee the need for this type of insurance. They take the chance that nothing will go wrong. They have the misconception that only people who are ill or elderly need this insurance. Well this is not the case. Anything can go wrong and prevent you from getting the maximum benefit from the price of your trip.

Travel insurance policies include the following:

Trip : Unexpectedly you or a member of your family may become stricken by an illness or emergency a week or so prior to your departure. You are then faced with the possibility of canceling your trip and a penalty or complete loss of the trip.

Trip Delay: You are on the way to the airport and your car breaks down, you end up missing your flight and the ship. Travel insurance covers this type of delay.

Baggage loss or Delay: This is very common, the airlines often misdirect your luggage. Your formal attire and all your clothe and accessories do not make it on the plane or ship. Some travel insurance policies cover your bags to be delivered to the next port of call. Or if the airline permanently loses your luggage this insurance will help cover your loss.

Travel Insurance

Trip Interruption: You are a couple of days into your week cruise and the Captain comes over the public address system and announces that your ship has a serious mechanical problem, which necessitates the canceling of the rest of your voyage. You need to disembark at the next port of call. This insurance will reimburse you for “out of pocket” expenses. Such as a hotel stay while waiting for your flight home. Also with this policy you may even get home sooner than most people that have to depend on the cruise line for help.

Medical Expenses: You may have an unexpected accident on the ship or while ashore, which may require immediate medical attention. This policy will cover most of all “out of pocket” expenses. Such as, a doctor or hospital in a foreign country or far off port of call.

Emergency Evacuation/Repatriation: This is one of the most costly expenses you could ever encounter a medevac helicopter, coast guard or military unit may need to assist you. You could owe thousands of dollars after the use of one of these evacuation processes.

Involuntary job loss: You and a friend are planning a trip and one of you unexpectedly loses your job a couple of weeks or months before the trip. This may cause one of you to be left with the entire cost of the trip or canceling the trip and the loss of your entire fare.

Act of war or terrorism: This too is generally included in your travel insurance policy.

Travel Insurance as you can see has many important and benefical components to insure that your trip or vacation is safe and happy.