Saturday, November 3, 2007

How to Compare Low Cost Health Insurance in North Carolina

Clearly the least expensive health care option for anyone in North Carolina is a group plan. Most of these plans are sponsored by employers and in some cases can result in the employee paying a very small amount of money per year for a lot of coverage. In North Carolina employers can utilize one of two different types of group plans. They are fully insured and self insured. In either case the employee can expect to receive a good rate on their health insurance as long as they stay employed with that company.

If you don’t have a job that has health insurance as a benefit, you can still find low cost insurance in North Carolina. The best way to do this is to compare prices between several companies that offer health insurance. This means contacting agents that represent different insurers and getting price quotes from each one.

Each company is likely going to offer their own selection of policies, with each containing slightly different levels of coverage. In order for you to effectively compare prices you need to ask for a quote based on the coverage you feel is necessary for your family’s unique situation.

If you or a member of your family regularly uses prescription medication you’ll want to find a plan that will cover a significant portion of that. If you are at a point in your life where starting a family is in the near future, a plan that provides prenatal care and coverage for the delivery of the baby is essential.

It’s important to remember that as your medical situation changes each year, you can adjust your coverage as it comes up for renewal. This typically includes shopping for new quotes each time. The key is to find a policy that reflects your current medical needs and is a price that is affordable.

By Deborah Mills

Tuesday, October 30, 2007

Health Insurance Savings - How To Go About It

Do you want to make savings in your health insurance? I'll give you tips that will ensure you get that without compromising your coverage. If you use them well, you'll get the best health insurance coverage for you at the best price possible.

1) Be Prepared. Know what you want. Ask your doctor what's best for you and why it's best for you. If you don't get this information from an expert you can trust, you'll be easily pushed around by recommended policies from every wannabe expert out there. Once you get this information, you are set. The cheapest policy is too expensive if it leaves you exposed. In the same vein, an oversize coverage (stuff you don't need) is equally expensive.

2) Understand your peculiar needs. Are you a lady who plans to have a baby soon? Do you have a health condition? It's a very wise decision to get coverage that takes care of your needs. That's what health insurance is all about in the first place.

3) Depending on your frequency to the hospital, you can request a higher deductible. The higher you make your deductible the lower your health insurance premium. However, bear in mind that your deductible has to be paid first before your insurance company is obligated by law to do anything. Therefore, make sure you ask for a deductible that you can handle with a level of ease.

4) Make sure you visit at least three health insurance quotes and comparison sites. Visiting this number reduces the odds that you'll pass by a potential great price/value. Please note that I didn't just say the lowest priced. The value you get for the price you pay is really what determines whether you paid too much or not.

By Chimezirim Chinecherem Odimba

6 Tips For Sorting Out Health Insurance Companies

Anyone shopping for health insurance will soon find there are a whole lot of insurance companies out there that offer coverage. Sorting out health insurance companies to find the best possible coverage for the most reasonable rates can be the real trick in locating a good policy. It can, however, be done.

Those looking for coverage for themselves, their families or even their employees will need to take the task very seriously. It will take some time, but the investment of a few hours or even a few days can result in a policy that does what it's supposed to when it's needed. Slacking on the job can result in some major problems down the road.

Examining health insurance companies to find the best will require looking at:

  • Policy options. This, of course, is a given. The types of policies offered, what they cover and what they don't can very often separate the best from the worst quite quickly. Whether it's individual coverage or family coverage required, most people want to get the best bang for their buck.
  • Pricing. To go along with that bang for the buck, the money out of pocket is a very big factor in choosing an insurance company. Things to look at here include such issues as premiums, deductibles and total out of pocket expenses that could be associated with a medical incident arising.
  • Drug coverage. This might not always be a concern, but if illness strikes or maintenance medications are needed, it can become one fast. Many major medical insurance companies offer some form of drug coverage to go along with their plans.
  • Doctor preference. It is a very good idea, if possible, to check with current doctors to get their input about potential insurance companies. The best priced plan might not seem like that if a favorite doctor isn't covered. Doctors can also generally offer some great insight about who pays their bills on time and who doesn't.
  • Hospital coverage. It is very important to find out if different health insurance companies cover the hospitals and other medical facilities in the geographic area where the coverage is needed. If they don't, their plans are likely not worth looking at. Some of the lesser known companies might not have medical participants in all areas.
  • Overall reputation. If at all possible, this is also worth checking into. Even if doctors and hospitals are covered, if a lot of clients have had problems with the companies in the past, they might be worth steering clear of. It will be virtually impossible to find an insurance company that every customer gives high marks, but those who have numerous and repeat complaints should raise a red flag.

By Samantha Kay

Saving on Group Health Insurance

Here are the frightening facts: the past three years have seen double-digit increases in group health insurance premiums and these increases were largest for the smallest companies. All indications are that this trend will continue for the foreseeable future.

As a business owner, if you think this is good cause to panic, you’re not alone. The rising cost of providing health insurance for employees is regularly cited as the number one concern of smaller companies today. Employers know how highly their workers value medical coverage, but many feel that they’ve been pushed to the wall and are now facing a fatal dilemma: pass the crippling rate hikes on to their employees, or cut benefits entirely.

The truth is that you don’t have to settle for one of two equally bad choices. If you currently have a health plan that’s straining your budget or have no health plan but would like to offer one for your employees, here are three tips to help you find a quality group health insurance plan at a reasonable rate:

Compare quotes and benefits from multiple insurance companies.

You wouldn’t buy a car without first familiarizing yourself with the different makes and models available. Similarly, when shopping for group health coverage, don’t limit yourself to the offerings of a single insurance company. The most convenient way to get an overview of the insurance options in your area is by working with an online agent. A licensed group health insurance agent can provide you with the benefits and rates from a large number of insurance companies and plans. With more to choose from, an agent will help you match your business to the best plan and save you money by making sure you’re not paying for “extras” that you and your employees don’t need. Make sure that any agent you work with, on or offline, is licensed in your state.

Consider a high-deductible plan.

Another way to save is by opting for a high-deductible plan. If your employees are healthy and don’t make frequent visits to the doctor, this may be a good option for you. You can save money and still retain valuable coverage for your employees through a high-deductible plan. Though they will face deductibles before coverage kicks in, your employees will be protected from the catastrophic consequences of having no coverage in the event of serious illness or injury. Your licensed agent can provide you with information on high-deductible plans in your area and help you determine if such a plan makes sense for your business.

Take advantage of available tax incentives.

Educate yourself on the tax benefits available to you as a business owner when you provide group health insurance for your employees. You may be able to fully deduct the premiums paid on your group health plan, and offering coverage as part of a total compensation package may reduce your payroll tax. Health Savings Accounts (HSAs) provide another important tax break for you and your employees. These tax-favored accounts can be used in conjunction with certain high-deductible plans and your contributions to them are exempt from payroll tax. Talk to your agent about HSAs and HSA-eligible plans. All these incentives contribute to the affordability of your group health insurance plan.

Proven Tips That Can Lower Your Health Insurance Costs

Is the rising cost of health insurance getting you down? Don't feel alone. There are currently millions of uninsured Americans who simply can't afford to pay the outrageous premiums to get medical coverage. Fortunately, most states will step up and help low-income families cover their children at least, but what happens if mom or dad gets sick? Who's going to pay the bills than? What if the breadwinner of the family, whether it's mom or dad, is unable to work anymore and they run up large amounts of medical bills?

The system simply isn't working anymore, however, there are a few things we can do to keep our monthly premiums manageable, for those of us who can afford to make minimum payments to have a health insurance policy. Let's take a look at some of those.

There are things you can exclude from your health insurance policies that will decrease your monthly cost. This isn't the case on all policies so you'll need to look around, but it is possible to do. You should grab a few free health insurance quotes and afterward contact the agents directly. The reason I say this is so you can go into the conversation with their quote your hand. If they want your business they'll work with you to find ways to bring that number down, if possible. Get the quote first!

Another thing you might consider is to raise your deductibles. The deductible is the amount of money the insurance company expects you to pay each year before they start paying anything. An example of this would be what's called 80/20 pay. This means that you'd pay the first 20% of the of the costs of your visit to the doctor and the insurance company would cover anything after that. So if the cost was $100 for your medical needs then you would be expected to pay $20 and the insurance company would take care of the other $80. You'd only pay up to a maximum amount every year on your deductible.

Deductibles vary anywhere from zero to $5-$10,000. The higher deductible you carry on your policy, the lower your monthly payment will be, however, if you carry a high deductible this means that you will be paying a large portion of your everyday medical care out-of-pocket. If you could possibly set aside enough money that would equal your annual deductible amount you would be in very good shape because the average person only goes to the doctor once or twice a year. This would make your payments minimal, your out-of-pocket costs would be covered if you have the money set aside and you would be covered in case of any major medical emergency. Just another option to think about.

By Joe Stewart

Blue Cross Insurance Cost

The following textual corpus about the topic of blue cross insurance cost is aspiring to walk the people who read this article through the various stages of the concern of blue cross insurance cost, and by reading carefully the people who read this article will not have to be frightened by blue cross insurance cost anymore.

Finding different health care coverage online is a ritual part of changing jobs, graduating from school or beginning your personal company. Fortunately it`s currently lots less difficult and not as expensive as it was years ago. These tips will help you find the best value:

1. Do not attempt to alter your healthcare ins policy when you have a grave medical situation. Instead, get in touch with your present insurer directly in order to ask about continuance of benefit options.

2. Think temporary. almost all folks who buy their own health care coverage online alter their insurance in under a year. Buy the policy that offers you the greatest deal now, without thought for whether it might be obtainable in twelve months. Next year a completely new generation of wellness plans will be obtainable. A policy that you bought more than a year before wouldn`t likely represent the greatest deal for you now. Look for temporary health insure plans, student medical policies and overseas travel insurance policies if you meet the criteria. These offer deals assuming you qualify.

3. Choose a bigger deductible. By taking a one thousand dollar deductible, you can avoid more than $1,000.00 in payments over a year`s time. This ought to be a straight-forward choice from a monetary viewpoint. Some college students can buy a big deductible medical health insurance policy for less than $30 every month to insure only serious physical circumstances.

4. Try to find free sign-up enticements. With a larger number of online health insurance providers now imposing an up-front enrollment fee, try to find arrangements to save the enrollment charge when feasible.

5. Choose indemnity online medical insurance whenever feasible. This lets you and your doctor maintain control of your health treatment. There are no "networks", you select your individual physician and hospital, and are free to switch whenever you want. There are no caps regarding trips, as this type of health coverage is equally recognized anywhere in the U.S.A..

6. Carry a separate healthcare plan if you journey outside the United States of America.
Most United States policies provide weak overseas travel benefits and almost all universal plans provide ineffective insurance in the United States. So, it is most desirable to carry separate policies custom-made to your travel schedule.

7. Be aware of state concerns. Each state manages its own healthcare insurance online regulations.

8. Pay for 3 months or more. You will be able to save cash by paying for more than one month at once. As almost all policies take charge cards, it even makes financial sense to "charge it" at a lower monthly charge rate then pay off your charge card over a couple of months. The payment discount will more often than not be less than the credit card finance costs.

9. Stay away from the lesser-known online healthcare insurance providers. medical insurance online payment rates are directly correlated with the benefits that the provider pays out to claimants. It makes no sense to sign up for a plan where there`s a known instance of claims disputes in order to pay lower premium charges. Fortunately, the market top performers uphold an outstanding name for claims treatment. Stay with these market best performers.

10. Use a health investment account. If you may benefit from making your medical costs completely tax-deductible, open a health savings account. There are no account charges for individuals who are eligible for this Medical Insurance Plan.

Monday, October 29, 2007

Student Health Insurance Coverage

When it comes time for your child to move away from home and attend college or university there are a number of different things that need to be taken into consideration. In this particular article we will be taking a look at the options available in relation to student health insurance coverage. Although your child may be one that very rarely gets ill there may be a time when such insurance coverage is required and certainly none more so when they move away from home and go to college.

Below are a number of options that you may want to consider in order to ensure that your child has adequate health insurance cover when they start at college or university.

Option 1 – The Child Remains on Your Health Plan

With a large number of health insurance plans available today a child is able to stay on their parents plan even though they have moved away from home between the ages of 19 and 25. Therefore it is important that you check with your insurance provider to see whether this option is actually available to you. Using this option will certainly save on the money that you would normally have to pay out to get them a plan of their own.

Option 2 – Use COBRA

For those parents who have children over the age of 25 and happen to still be attending college, school or university then they may well discover that they are no longer covered by their health insurance plan. But this may not be a problem if they were to simply able to utilize the Consolidated Omnibus Budget Reconciliation Act (COBRA) their child may be able to carry on being covered by their parents plan for a temporary period. So it is again important that you as a parent check to see if they can continue on your plan by using COBRA.

Option 3 – Short Term Insurance Coverage

If you are a student who is only going to be attending college, school or university for a short period of time before going to work then short term health insurance coverage may be the best option for you. This is a particular suitable option for those students who are not able to utilize COBRA and who once they start work will be provided with insurance coverage by their employer after only a few months of working there. When choosing a short term student health insurance coverage plan go with one that has high deductibles on it as this will help to make sure that the payments you make for it are much lower.

Above we have provided a number of different options when it comes to student health insurance coverage, all of which will hopefully help you to save money. But will also provide your child with the right amount of health insurance coverage that they need.

By Paul Abbey