Tips to follow before you quit the job

If you can, plan well ahead before leaving your current job so that you would have adequate time to switch your health insurance plan to a more affordable alternative. If you switch before leaving your job, you are entitled to continue your health insurance coverage under COBRA at a more affordable premium for about 2 months If you do not find an appropriate self employed insurance option within the time frame where you are entitled for COBRA, your new health insurance plan application may be rejected or you may not be covered for your pre-existing conditions for a pre-defined waiting […]

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Coordination of Benefits in health insurance

Coordination of Benefits defines how the cost of reimbursing expenses would be split by the insurance providers if the policyholders have purchased are a part of more than one group insurance plan. Imagine that your employer offers health insurance benefits through the company’s group health insurance policy. Also, you have health coverage through memberships in certain institutions. In addition, you are also covered for your medical bills by your spouse’s employer in another group policy. All the above insurance plans would offer reimbursement for the medical bills. In the past, when people were part of more than one group insurance […]

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Health insurance coverage for retirees

Health insurance coverage for retirees is one of the primary issues which challenge the senior citizens due to skyrocketing premiums. In addition, insurance providers reject coverage for pre-existing medical conditions. This is one primary reason why individuals are advised to apply for health insurance coverage during their young age when they are healthy. This would ensure that you pay lesser premiums at a later date.In case you are above 50 and you are applying for health insurance plan only now, it is a good idea to separate the rest of the family members and apply for an individual insurance policy […]

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HCC Short Term Health Insurance

Amigo Short Term Medical Plan has been renamed as HCC Life Short Term Medical Insurance. Individuals & families can avail high quality benefits through HCC Short Term Health Insurance for a short durations up to 6 months or 1 year. HCC Life Short Term Medical insurance offers a variety of choices with regards to co-insurance, deductible and period of coverage. This is suitable for people who are shifting between jobs, waiting for insurance benefits from employers, seasonal employees, individuals under COBRA and also new graduates. People who are between 2 and 64 years of age are eligible for this insurance […]

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Health Insurance – Terms

For beginners who want to understand all about health insurance policies, here are certain terms which could be hard to comprehend. Deductible This refers to the expenses that the insured has to bear before enjoying the benefits of the health insurance plan. This is generally charged on a yearly basis. The amount differs depending on individual or family insurance policies. Co-insurance or Co-payments This refers to the amount the insured needs to pay in addition to the deductible amount before the insurance provider starts paying for the expenses. Lifetime Maximum This is the maximum expense that the health insurance plan […]

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How to go for a wellness benefit check-up

Wellness benefit coverage in a health insurance plan typically covers for routine health examinations like screening and diagnosis tests, blood tests, cholesterol and thyroid examinations, smear tests, neurology examinations and cardiovascular examinations. Vaccination costs for children are also included in this coverage. The insurance provider who offers this benefit as part of medical insurance generally has a tie up with some clinics and medical set-ups and offers certain medical check-up packages. It is more advantageous if there is a provision of direct claims settlement where the bills are settled by the insurance provider to the hospital. The insured just needs […]

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Finding self-employed health insurance

People who are on the entrepreneurial track should ensure that they are covered by an appropriate health insurance plan as soon as they leave their permanent jobs. Appropriate health care helps the entrepreneur focus on the success of business without the burden of financial expenses as a result of an un-expected illness or injury. As soon as you quit your corporate workplace, invoke your rights under the COBRA (Consolidated Omnibus Budget Reconciliation Act). Under this provision, you can continue your current corporate medical insurance plan coverage up to 18 months at the same subsidized rate given to the company by […]

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Private Health Insurance Coverage – Individuals, Groups and Family

Individuals can buy private health insurance plans to ensure coverage for medical exigencies and assistance. Medical insurance plans are available for a single individual or an entire family consisting of spouse, and children (typically less than 19 years). Health Insurance for individuals and groups can offer a break in premium if all the dependents are registered under the same plan. The premiums are calculated based on the age of the individuals, pre-existing medical conditions and medical services for which the insured seeks coverage. Review the exclusions section especially the pre-existing medical conditions exclusion under the plan. Typically most plans exclude […]

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Tobacco tax funds for Children’s Health Insurance

The Obama administration is considering a huge increase in Tobacco taxes to promote tobacco control initiatives and hence work towards public welfare. The funds that are obtained by this increase in tax would be used for the uninsured children from the low income strata of the society who are in dire need of US health insurance. This decision has been welcomed by various organizations who deal with health care and child welfare as the extra funds would be diverted for a much needed cause of a healthier future generation. This initiative would also ensure that children�s health coverage would increase […]

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Pre-existing medical conditions checklist

Every individual seeking visitor medical insurance should read the pre-existing medical conditions exclusion of the plan document very carefully. Those who have health disorders or have suffered injuries should pay special attention to the insurance plan exclusions. The following are a few tips for pre-existing medical conditions while one is considering a suitable visitors health insurance plan. In case more than one person is traveling, every traveler needs to be insured under a health insurance plan for the coverage. Travelers whose names are not mentioned in the policy document would not be covered for any claims at a later date […]

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