International

How Smoking Impacts Your Health Insurance Policy

It’s a well-known fact that smoking causes an adverse effect on your health. You must have seen the warning message on all cigarette boxes – ‘Smoking is injurious to health’. Smoking tobacco is a root cause of 30% of all cancer deaths and causes 16 times higher risk of heart attack. There are almost 120 million smokers in India. As per World Health Organization, India accommodates around 12% of the world’s smoking population. The number of men smoking tobacco has increased from 78 million in year 1998 to 108 million…

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International

Understanding Policy Clauses In Health Insurance

The clauses that are related to limitations and exclusions may seem complicated at first but it is crucial to understand these before signing up. There could be some exclusions and limitations that may not affect you or your family at all while some may be important depending on your health history and hereditary family history. So while what is excluded for one person may not make a difference, it might make a huge impact for another. That is why it is important to understand what these are and how they…

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International

Grasp How Health Plans Work – Part II

Some insurers have figured out this new model and are masterminding new designed plans that include high deductibles and also higher co-insurances to the degree many carriers are profiting. There are some carriers who have not profited so well with entering this new territory; due to the fact of miscalculating the risk involved with insuring people with chronic health conditions. For carriers who analyzed and targeted their profit margins accurately they are faring well in this market. In the beginning when the government first chose to have this mandate of…

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International

Factors That Affect Your Health Insurance Premium

Health insurances are generally designed to protect a person’s health by providing financial assistance for the expenses incurred during medical treatment ranging from routine checkups to more critical surgeries or stays at hospital. People buy the insurance to reduce their risk of having to pay higher fees from their pockets for this care, but in return health insurance companies also gauge their risk of covering a person. In order to calculate this risk of covering a person, insurance companies look at stored data to create risk profiles to decide whether…

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International

What Is Health Insurance?

What is health insurance and why do I need it? Health insurance protects you and your family from a financial hardship due to medical expenses in the untimely event that you are injured or become ill. There are four types of health insurance, you may need just one or you may need a combination to ensure you have the most insurance coverage possible. It is best to evaluate each type of insurance to obtain an accurate account of which type will best suit your needs. Individual medical coverage is designed…

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International

Health Insurance Plan for Students

What have you observed recently on the enrollment system of your school? Aren’t they now asking for a certain amount that will go under your personal health insurance? Do you think it’s worth it or not? Well practically speaking for me it is really important, especially in case of accidents. That’s just one of the many ways you can benefit from a students’ health insurance policy. Other example is when you plan to travel and study abroad during an upcoming semester; you need to consider purchasing overseas student health insurance…

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International

Child Insurance – When Does It Make Sense?

Child insurance is a subject often avoided and a very delicate issue in itself. However, it can make sense from a financial standpoint, depending on the current situation in your family. In general, life insurance is used to protect a persons family in the event of an untimely death. If the individual who earns the most dies, how will you replace the lost income? In most cases, young couples do not have big enough reserves to sustain this loss and without life insurance providing a “safety net”, the spouse can…

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International

Shopping for a New Health or Dental Insurance Plan?

If you are one of the many self-employed or work for an employer that does not offer any insurance benefits, you will have to shop for health and dental policy on your own or with the help of an insurance agent. For some this may seem overwhelming but it really only takes some research to gain better understanding on how insurance plans are organized. When reading a health insurance policy you will encounter insurance specific terms. These terms tell you what you are responsible to pay and what the insurance…

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International

The Features Of A Good Health Insurance Plan

The skyrocketing medical expenses, make health insurance plans very essential. When you have an insurance plan, you feel more secure because you are covered even in emergency medical situations. You do not have to start looking for money to get medical attention and you do not have to use the money you have to cater to the medical needs when you have a health insurance plan. There are so many health insurance providers today offering all sorts of plan and you therefore must know what features to look out for…

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International

Health Insurance: The Race Against the Clock

There is still time for Congress to pick up the pieces of changing the healthcare system to help stabilize it. The fate of the Affordable Care Act is yet to be determined. In the meantime, people wait while paying extremely high premiums and have mountains of out-of-pocket bills on the kitchen table. Where is the affordability of the Affordable Care Act? Tick Tock for the insurance companies as well. They are under a timeline for filing dates this summer. Insurance companies have time to decide if they will still offer…

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