Health Blog » Health Insurance

What You Need to Know About Short Term Disability Insurance?

admin — Sat, 04 Feb 2012 11:30:31 +0000

What is short term disability insurance?

Short term disability insurance plan pays a percentage (generally in between 40% to 70%) your basic salary if you become sick/disabled and can not perform your duty/work for a short period of time (generally 9 to 52 weeks). You can buy short term disability insurance plan through your employer or you can buy your own directly from a company that provide short term disability insurance.

How short term disability insurance work?

If you have short term disability insurance (through your employer or you may buy on your own), you pay a monthly premium. When you become sick (due to illness or injury) and can not perform your job, you apply for a benefit under the short term disability insurance plan. To be eligible for benefit you must furnish proof of your illness/injury/disability from your treating doctor. Related posts:

Should You Get Health Insurance Through Your Employer?

admin — Tue, 31 Jan 2012 11:32:02 +0000

Most of us are in some job or other. If you are employed, most likely your employer has some group health insurance cover for employees, as more and more employers are offering group health insurance for their employees to keep them happy. The question is, should you take such a health insurance cover or should you buy health insurance on your own. The question is not easy to answer and various factors (such as coverage, flexibility, customization etc.) must be considered to come to a conclusion.

Coverage:

Most likely your employer will offer health insurance for cheapest possible amount of money and the coverage you will get with cheapest rate is anybody’s guess. Your employer (a business) is interested in their profit and not welfare of their employees.

Women and Health Care Reforms In US

admin — Wed, 25 Jan 2012 11:22:02 +0000

Healthcare reform in US brings good news for women. Because the gender based health insurance industry and due to the gender, women are greater sufferers. They used to pay more and get less in return. But with implementation of new healthcare reform and “Affordable Care Act”, hopefully the biased against women in health care will be removed.

In a study it was seen that as many as half of women delay seeking medical advise because they could not afford it, in compare less than 40% men (approximately 39%). Due to women suffering, their children also suffer. Before implementation of Affordable Care Act, women are being charged higher health insurance premiums in compare their male counterparts. Even pregnancy was treated as preexisting medical condition and frequently denied or charged higher health insurance premiums for that. Related posts:

Where to Learn About Health Insurance?

admin — Mon, 23 Jan 2012 11:52:45 +0000

Many people do not have adequate knowledge about health insurance. Health is part of or daily life and everybody should have clear idea about health insurance. Many people just go to health insurance company office or call an agent and sign up for a health insurance, without knowing if he/she is adequately covered. This is not a good idea. If you do not have adequate knowledge about a health insurance, it is important to learn about it. There are three different but important sources where you can learn about health insurance, namely internet, your family and friends and trusted agent/broker on health insurance. Or you can buy a book on health insurance and learn from it.

Family and friends:

In fact when we do not know something, we try to learn about it from friends and family members. If you are young and have very little idea about health insurance, your friends and family members can give you good information on health insurance.

Tips to Save on Health Insurance Premiums

admin — Sat, 21 Jan 2012 11:29:42 +0000

Present time is time of failing economy and there are lots of changes taking place in the healthcare system in the United States. Although it the economy is weak, one can not ignore or neglect the healthcare and coverage you need with health insurance plan. If you want to save on health insurance plan as well as remain fully covered, it is possible with little search and research on the subject of health insurance. There are several ways to reduce the cost of health insurance you need and also remain fully covered.

If you are below twenty six years of age:

If you are young aged below twenty six, you can get health insurance cover from your parent’s insurance policy, although it may cost some amount of money to your parents, but it will cost less than buying health insurance separately for yourself.

How to Get Best-Fit Health Insurance Plan for Yourself?

admin — Thu, 19 Jan 2012 11:26:46 +0000

Health insurance is a necessity (because one can never know when he/she falls sick) in our daily life, especially at present time due to economic slowdown and global economic recession. If we are not prepared and well covered with health insurance cover, especially if you live in a country such as United States (where the healthcare system is based on health insurance), you never know when your economic hardship starts with a beginning of a disease or sickness. If you are suddenly diagnosed with a disease (especially a chronic disease), such as heart disease or diabetes mellitus, your economic hardship will be more serious, unless you are adequately covered with health insurance. Here lies the importance of buying health insurance for your economic safety. You may end up bankrupt financially if you are not well covered with health insurance. Related posts:

Why Many People Do Not Buy Health Insurance?

admin — Sun, 15 Jan 2012 11:28:31 +0000

Majority of the countries, very few people buy health insurance. Although in Western countries people have better income, still not many people have health insurance. In most developing countries the scenario is worst and a negligible percentage of people have health insurance. People do not buy health insurance for various reasons, such as high price of health insurance, ignorance, hassle etc.

High price of health insurance:

One of the main reasons that many people do not have/buy health insurance is the cost. Not many people can afford adequate health insurance cover, even in developed countries. In developing countries most people can not afford health insurance cover. People also do not buy health insurance, because they get nothing (other than peace of mind) for investing good sum of money in health insurance.

Four Tips to Buy Right Health Insurance

admin — Fri, 13 Jan 2012 11:25:37 +0000

Healthcare costs these days are very high and they are only going up day by day. A few days hospital admission or even a routine medical investigation ordered by your doctor can take a huge dent in your wallet. The cost of emergency treatment and other serious or chronic disease, if you are diagnosed with can take a heavy toll to your routine finance and you may not be able to cover it up, without taking a loan. That is why you must insure yourself and your family (if you have one) with health insurance, that suits your needs and also affordable to you. You must select a health insurance plan for you and your family which covers your healthcare needs and which is not a burden for your expenses. Related posts:

How Smoking Affect Your Health Insurance?

admin — Wed, 11 Jan 2012 11:31:39 +0000

Does smoking affect my health insurance? Answer to this question is definitely yes, smoking affects not only your health but also your health insurance. If you are a smoker, you have to pay higher health insurance premium, even if all other parameters are same. It is always a tough job to find an affordable health insurance which serves your health care needs and if you smoke, the job becomes tougher and if you do not have health insurance, even simple fever or a sprain in ankle can cost you dear by spending in terms of thousands of dollars.

Insurance companies that offer health insurance have large data which proves that the cost for providing healthcare to smokers is significantly higher in compare to their non smoker counterparts. To offset the risk of higher healthcare cost for smokers, the insurance companies charge higher premium for smokers. Related posts:

Visitors Health Insurance from India to USA Visits

admin — Sat, 07 Jan 2012 11:32:10 +0000

Planning to visit United States from India? If you planning to visit USA alone or with your family, it is important to buy visitors health insurance for the duration of visit to USA, because the health care costs are much higher in the United States in compare to India. But for most Indians, the concept of visitors’ health insurance is relatively new and most people are not aware of it. Before you decide to buy visitors’ health insurance for your travel duration to USA, try to learn as much as you can before you buy. Internet is the right place to find out.

One of the most important and common question is, where to buy visitors’ health insurance, in India or in USA? This is not easy question and you need to consider several pros and cons before deciding if you should buy in India or in USA. Related posts: