Medical and Health Insurance

5 Alternatives to Traditional Health Insurance

As the cost of traditional health insurance increases, several Americans are looking for alternatives that offer some kind of protection without spending their monthly budgets. Here are some practical options that are worth considering.

1. Primary Care Memberships

Some independent medical and primary care practices provide services for a fixed monthly charge, such as a gym membership. This is generally known as a medical concierge service.

A person or family can obtain the usual services given by a primary care physician, including blood tests and pediatric care, virtually unlimited medical visits, all without a copayment. Certainly, such an arrangement does not cover surgery, hospitalization, treatment of major injuries or specialized care.

2. Medical Cost-Sharing Programs

Participants in programs pay monthly rates like insurance premiums. By grouping their resources, they share the medical costs of others as they arise. Each member who wants medical services pays an incident fee, like a copayment. The rest of the medical costs are covered by the grouped rates.

If you are looking for a medical cost-sharing program, make sure to read the fine print. Some of these programs do not guarantee that you will be reimbursed for any invoice (it can be “voluntary”), and several have very limited limits per-incident and for life. Click here!

3. Health Savings Accounts

While offering tax benefits, a Health Savings Account can help cover medical costs. A Health Savings Account must be together with a High Deductible Health Plan to cover catastrophic illness or injury.

Health Savings Accounts are available through many employers, but they can also be created by individuals. Payments made in a health savings account are pre-tax deductions, and there is no tax penalty for spending money whenever it is used to pay medical costs.

4. Discount Cards for Medical Services

There are a variety of medical discount cards available for those who prefer to operate cash-only for medical expenses. Some medical services discount cards can be used for hospital services, prescription or a combination of these. Discounts can be considerable, up to 80% or more.

Some cards come with a single membership bill, although others may have a small monthly bill. Remember that these are discounted pay-per-service programs, not health insurance plans. And the services you need may not be covered, so make sure to check the fine print.

5. High Deductible Policies

Generally, younger adults with good health who do not expect to incur medical expenses during the year can usually settle for a low premium and high deductible policy that covers just unexpected illnesses or serious injuries. While keeping insurance costs to a minimum, a catastrophic health insurance policy makes sure coverage in case of such unforeseen medical costs.

If you have a health plan with high deductibles, it makes sense to open a health savings account. This allows you to reserve money before taxes to pay for medical costs, which efficiently provides you an automatic “discount” on each bill you pay.

Summary

Medical care is expensive and expenses are expected to continue to rise. Even if you are in proper health now, you cannot count on avoiding injuries or staying healthy. These options can help if you cannot afford a traditional health insurance policy. Remember that these are not proper solutions and that the advantages vary. It is very important that you check the fine print so that you know accurately what type of coverage you will have. For more information, visit: https://www.investopedia.com/health-insurance-4427714

Homeowners Insurance

Homeowners Insurance Doesn’t Cover These 6 Things

Getting homeowners insurance Florida is an essential tool for thousands of people today, and yet, so many aren’t adequately covered. Really, there are many homeowners that have insurance but don’t have enough cover and when the time comes to make a claim, they’re turned down. Unfortunately, far too many owners don’t know some insurers won’t cover certain things and that costs them dearly. So, what are the six things most insurers don’t cover?

High-End Jewelry

Most homeowners do cover some form of jewelry, but only to a certain amount. For example, some insurance carriers limit the amount of jewelry coverage to about two thousand dollars. Why is that? Jewelry is the easiest thing to steal and more often than not, companies get claims for expensive pieces all the time. It’s very costly for the companies to insure jewelry, especially high-end pieces, which is why if you want to insure your jewelry you need a separate policy. Also, appraisals will be required for the policy. However, homeowner’s insurance Florida can have a clause for high-end jewelry but it’ll mean higher premiums and again, limitations. Check here!

Floods

Does your policy say anything about floods? Unfortunately, most homeowners assume their policy covers them for accidental floods or localized flooding, but that’s not always the case. You may need a separate policy to cover you from floods. Homeowners insurance Florida can often lack certain things, especially flood coverage. You need to check your policy to see if it mentions floods and if not, then it’s more likely you’ll need additional coverage.

Dog Bites

Sometimes, homeowner’s insurance Florida can cover dog bites, but only up to a certain amount. However, if you haven’t told the insurer you have a dog or have asked for dog bites and attacks to be added into the insurance, your dog may not be covered. What is more, even if the bite is covered in the policy, there is a limitation over how much the insurer will pay – the rest is down to you.

Poor Maintenance on the Home

Let’s say you’ve personally let the house fall into disrepair, do you think the insurers will cover you for such things? No! There is no way you will be covered for not looking after the home, even if you appear to have a good reason, such as extreme medical illness. Homeowners insurance Florida doesn’t cover problems or damage because of poor maintenance or a lack thereof!

Sewer Issues

Sewers aren’t generally covered in homeowner’s insurance Florida. Why is that? There can be a hundred and one things that go wrong with the sewers and it’s too costly for the companies to be landed with the bill. A lot of the time, homeowners assume they are covered for such things, when in reality they aren’t!

Landslides and Earthquakes

An act of God or Mother Nature is usually outside anyone’s control and you would think you’d be covered for such things. Unfortunately, you aren’t. Unless your policy states you have cover should an earthquake or landslide strike, you won’t be covered! Homeowners insurance Florida is tough at times, but you probably won’t be covered for storm damage either. However, you can get additional policies to cope with such things.

Know Your Coverage

Unfortunately, many homeowners have no clue over what they’re actually covered for at home. It’s shocking and often costly because when something happens and the homeowner claims for it, they end up with a nasty surprise. They are the ones left to foot the entire repair costs and bill and that’s a nightmare to say the least. However, you should always check your homeowner’s insurance Florida policy and get additional cover for things that aren’t included with the policy. Click here for more information: https://ezinearticles.com/?Tips-to-Find-Home-Insurance-at-an-Affordable-Price&id=9229905

Medical and Health Insurance

Obamacare Advantage and Disadvantage

Two years after its approval in Congress, the Affordable Care Act or Obamacare Florida law in charge of reforming healthcare in the US remains the center of debate between Democrats and Republicans. Obamacare Florida pros and cons continue to go back and forth. The law is nearly 2,000 pages of complex regulations that make it almost impossible to generalize as great or disastrous in its entirety. Reform is basically a bag of proposals, many without any relationship between them and with items that were added in last-minute negotiations.

It is without a doubt that the most controversial stipulation within the law is that purchasing healthcare coverage is mandatory. The mandate also known as individual mandate affects individuals and businesses and those who do not follow the mandate of purchasing healthcare will pay penalty or fines. According to some Republicans, the individual mandate threatens the principle of individual freedom, where everyone is free to spend their income as desired.

The democratic answer to the republican challenge to the individual mandate is that individual freedom ends when your actions affect the rest of society. For example, taxpayers are never to let die when they have an accident, so it is appropriate to require everyone to have health insurance, because if they do not, the rest of the taxpayers will have to subsidize those who choose not to purchase healthcare. Another part of the law that is seen as an Obamacare Florida pro is that the law encourages providers to implement electronic medical records.Read top Article!

Surprisingly, more than half of US hospitals are still running on paper, which is an antiquated way of doing business and does not contribute to coordination of care, it increases costs and reduces the quality of service; unlike countries, such as England, Holland and Chile, where automation is almost complete. Finally, another Obamacare Florida Pro is the requirement of “packaging” vendor payments from Medicare and Medicaid programs, discouraging fraud and performing unnecessary tests and treatments.

Understanding Obamacare Pros and Cons

health care programAlthough the law is overall providing a great service to the undeserved community, it also includes very dangerous elements. One of the most serious or dangerous Obamacare Florida Cons is the obligation to mandate insurer carriers to insure cases of preexisting conditions without additional charges. This measure while well-purpose is a breeding ground for the strategic behavior of users, throwing adverse selection problems that could end the insurance industry. This new requirement is almost as if it forces health insurance carriers to ensure a driver after they have wrecked a car. Currently, under the automobile insurance, there is no auto insurance company that would provide coverage for an accident that took place prior to the insurer purchasing coverage. Another Obamacare Florida con and dangerous point is the option that the State reserves the right to set prices, professional fees and suppliers. When the price or quantity is controlled, the market reacts and reaches a new equilibrium, but when both are control by the same entity, the outcome may be bankruptcy.Read more from the news on http://www.wandtv.com/story/33426535/illinois-task-force-targets-waste-in-health-care-programs

Overall, this reform has too many gaps in terms of technical specifications. An example is the penalty to hospitals for re-admissions, which seeks to ensure that the patient is not discharged prematurely, but does not specify who pays the penalty in case the patient is re-admitted to a different first hospital.

The law also causes a certain complexity of budgetary importance and strong impact on citizens. Although such reform is unprecedented in the US, it is agreed that it should had rolled out with more care, debate and inclusion of the affected parties. But it was not possible to delay it because “super-majority” Senate obtained in 2008 elections by the Democratic Party would be leveled in 2010.

Now the Republic Party has leveled the majority in the senate and taken over the House of Representatives, they have performed multiple votes on wanting to repeal the reform. They did it in the House of Representatives, and are just 4 votes to achieve in the Senate. For more information on how the law affects both sides of the coin you can read more by visiting Obamacare Florida pros and cons.