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Monthly Archives: June 2017

Save Money on Individual Health Insurance

Know what you need.There are two big policy types: HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization). The first one is cheaper but you can’t choose your doctor and you have little flexibility. PPO on the other hand costs you more but it covers a wider range of hospital and doctors. If you are young, you should go with a HMO policy as it is unlikely that you will need special treatment.

Beware of costly and useless perks. Many agents will try to sell you a policy with one or two extra features. Some of these perks can be useful, but they are not very important and some are very costly. Keep your policy simple and cheap!

Higher premiums mean lower co-payments. If you are in good health, you may want to consider purchasing a policy with low premiums, as your yearly medical expenses will not be too high. If however, you are having health problems, you should go for a bigger coverage instead and increase your premiums.

Pay attention to hidden costs! Some policies may have extra features that can take a lot of money from your pocket! Make sure you read the contract carefully and understand it completely before signing it!

All about Obamacare Plan Costs

In California, as announced on May 23rd, the average cost for a ‘silver’ plan will be about $304.00 per month. This price doesn’t include the tax credit for lower incomes. Covered California, he state based exchange, opens for enrollment in October. Insurers including Blue Cross Blue Shield and Kaiser Permanente will offer up to 13 plans, depending on the region. Covered California also commented that a direct cost comparison is difficult because new plans provide more benefits.

Oregon’s exchange is known as Cover Oregon. The rates for 2014 were made available in early June. The prices and plans are being reviewed to make sure they comply with requirements of the Affordable Care Act. Individual plans will be offered by 12 companies; small group plans by 8. Rates will vary by region within the state. In Eugene using a silver plan for example, rates for an individual, age 21, non-tobacco user, range from $176 to $297. At age 60 these plans range from $477 to as high as $1070.

Only 16 states and the District of Columbia are running their own exchanges; the 34 other states will be the federally run exchange. In Indiana, for example, rates are expected to rise for an individual from $255 in 2012 to $570 in 2014 according to Logan Harrison, chief deputy commissioner with the Indiana Department of Insurance under Republican Gov. Mike Pence. New taxes and fees under the law also contributed, Harrison said.

Info of Acquiring Health Insurance

Private health coverage is provided if it is included in the policy. But when the disease or ailment is not part of the policy, the patient may need to find other means for medical expenses in the future. This is the essence of acquiring insurance policies but you better search about the possible ailments covered. Search for the policy that suits your medical health care needs the best where the premium payments are within your budget range.

When it comes to expectations, you have to consider that the medical health care is the only thing provided in your policy. This is apart from the policies you acquire from your employer. You may be able to reap more benefits if you avail such for a lesser cost. You can even choose the ones with higher coverage. You may have chosen the one with lesser coverage but if you can afford, then opt for the ones with greater medical benefit gains.

Private type isn’t something you should be working for. If you can’t afford it, then so be it. There are comprehensive health policies, which can offer more advantages. While they can be a bit costly, you are assured with a better plan. Sometimes, these plans even include your family and friends. This coverage is the best for those with families. An overseas coverage is also available. So, if you can afford them, it would definitely be a worthwhile investment.

About Healthcare Reform

Healthcare reform, or Obamacare, has really taking people’s minds for a spin. Some people think they can only buy through the health insurance exchanges come 2014. This is simply not the case.

The media takes a small little piece of information and twist it. Then they twist it again. What are the facts? Will anyone ever know?

Of course we can, with the right resources. The media does not have the incentive to study the books, read the trade articles, go to meetings and invest hours in knowing the health insurance arena. The healthcare bill was over 2,000 pages and more insurance agents have read the bill than congress and the media combined.

There are not any facts on this. However, agents have a vested interest in knowing their industry. The media only needs a teaser that sells.