Health Insurance Perks for Nannies

Attracting the best possible carer for your children can be difficult. That’s why many people who employ nannies or childminders offer nanny health insurance as an incentive. Offering health insurance to your prospective nanny as a bonus means you get a wider choice of applicants from which to find the perfect match. Nanny health insurance can be short term or permanent and covers in-patient hospitalization and doctor’s office visits. Other highlights can include coverage for surgery, prescription drugs and ambulance expenses. You may also be able to offer health insurance in lieu of a higher salary and reap some tax […]

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Church Group Health Insurance Offers Low Rates and High Protection

Planning on visiting another country as part of a contingent from your church? As this type of adventure becomes more popular around the world, people are looking for new ways to make these trips more affordable. One solution is to purchase church group health insurance. Many church group expeditions take members to places that may be considered dangerous. This could be for a variety of factors. For instance, members may be visiting a country that is in the middle of political turmoil where violence is an everyday occurrence, or they may be put in danger by substandard water and air […]

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How to Choose an Insurance Web Site

You’re planning a trip to the U.S., and want to buy visitors health insurance for your trip. Realistically, how do you really go about it? Searching for companies that provide insurance may be too time-consuming, and calling an agent, too confusing. With the internet, looking for insurance plans such as visitors insurance and international student health insurance plans, comparing the different features and rates, and also purchasing plans has become easier. But here too, there’s a catch! There are several comparison web sites; which one do you go for? First things first: Remember that the rates are not going to […]

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The World of Insurance Terms: Co-Insurance

If you are a visitor to the United States, and your home country’s healthcare doesn’t work on private insurance, you may be confused with all the talk of visitor health insurance. What’s more, you’re probably wondering what all the different terms mean. We briefly looked at what deductibles are in an earlier post. The deductible is the amount that you will pay before the insurance company benefits start kicking in. This is done primarily so that you can take care of minor expenses yourself. Remember that the presence of the deductible decreases the premium amount payable. The other term that […]

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Different Flavors of Health Insurance Deductibles

Whether your plan be visitor medical insurance, travel medical insurance, or short term health insurance, one aspect of the insurance plan that you must be aware of is the deductible. It is the amount that you pay the healthcare provider, before the health insurance company starts paying benefits. Deductibles, like most aspects to do with insurance, come in many shapes and sizes. Let’s say you purchase a travel insurance plan. If you fall ill and then get treatment, you are required to pay the requisite deductible. What happens if you have an unrelated medical issue a few days later, while […]

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Unemployed and Uninsured, a Potentially Disastrous Combination

Anyone living in or visiting the United States needs to have health insurance. Period. That can be particularly tough to maintain in the current economic scenario, with fluctuating unemployment rates. U.S. health insurance becomes a dream for many. A recent study shows that more than a third of those worked in a job that provided them with employer-sponsored coverage went without insurance for six or more months after leaving their job. In contrast, the figure was near 5% for those who were working at the end of the survey period. The study brings into sharp focus the problems in receiving […]

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Health Insurance Tips for the Young and Restless

Health insurance reform is on everybody’s lips these days. When the White House called the nation’s largest health care insurance company executives for a meeting, the conversation focused on the increasing cost of health insurance in the U.S. Health insurance executives maintain that the increase in health insurance premiums is mainly due to a population whose young and healthy are shunning insurance, and rising costs of health care itself. The White House reportedly asked the insurance executives for more information justifying premium increases. While the health care debate is in full force, it is no secret that the insurance executives […]

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Spreading the Risk: Basics of Insurance

While all of us have or want to have some type of health insurance, be it short term health insurance, visitors insurance, or comprehensive long term insurance, we rarely wonder about how insurance actually works. Let us look at some of its basic principles. The rationale behind insurance is the minimizing of risk. It corresponds to Man’s needs to keep most of his life planned and taken care of. While insurance does not prevent the actual event from occurring, it takes care of the financial impact of the event. How insurance accomplishes this is by the transference of risk. The […]

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Missionary Insurance Covers More than Missions!

Although the term missionary insurance is used more commonly to refer to insurance purchased by those traveling abroad for philanthropic work, the insurance can be utilized by a wide variety of people. The basic eligibility for missionary insurance is that the applicant must be under 74 years of age and must plan to spend some time outside the United States. Theoretically, an international traveler might be able to purchase missionary insurance. However, the coverage provided by missionary insurance is usually tailored for typical mission-specific conditions, and will not work for the casual traveler. Other groups of people who can utilize […]

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How Does Insurance Work?

Whether it be visitor medical insurance, student insurance, or immigrant insurance, the principles of insurance remain the same. Many people are puzzled as to why their insurance premium is higher than their neighbors’. Insurance follows certain basic principles, and all the variables you see—the deductible, the premium, the co-pay—are related, and affect each other. Insurance works on a basic principle—the spreading of risk over large numbers. So, in effect, when 100 people purchase international travel insurance for $100 each, the insurance company receives $10,000, which is then used to settle the claims of those who are exposed to the risk […]

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