Different Types of Health Insurance Plans

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Different Types of Health Insurance Plans | JT Insurance ServicesWhen seeking coverage for your health needs, it is very important to be educated in regards to the different types of health insurance plans that are available to you. Four common types of plans are health maintenance organizations (HMOs), preferred provider organizations (PPOs), point-of-service plans (POSs), and health savings accounts (HSAs). Exclusive Provider Organization (EPO)and Fee For Service (FFS) are also other options. Reading up and educating yourself on the differences between these plans is critical in your search for the best types of health insurance for you.

Click here to read the full article for WebMD.

Nationwide County Analysis of Obamacare

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Nationwide County Analysis of Obamacare | JT Insurance ServicesA study conducted across 3,137 counties regarding the cost of Obamacare, reporting that the underlying cost of individually-purchased health insurance has actually increased from 2013 to 2014. These figures account for unsubsifized health insurance prices, so Americans who are in fact receiving a subsidy will not accrue such large cost increases. The price difference under Obamacare is also highly dependent upon your age and tax bracket.

Click here to read the full article by Avik Roy for Forbes.

Insurance Industry Unites to Address Gender Diversity

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Insurance Industry Unites to Address Gender Diversity | JT Insurance ServicesWith every industry progressing by way of gender diversity, major players in the insurance field met earlier this month to address increasing the roles of women in leadership positions in the insurance workplace. Women have historically been underrepresented in leadership within the insurance industry and gender diversity is being emphasized across the sector to bring more success and opportunity to the insurance field overall.

Click here to read the full article by Bill Ross for PropertyCasualty360.

Should Family Health Insurance Supplement Employer Insurance?

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Should Family Health Insurance Supplement Employer Insurance? | JT Insurance ServicesMany people worldwide rely on insurance provided by their employers to support them and their families in times of health needs. Some argue that on top of your employer-provided insurance, families may want to take out separate family health insurance to supplement if need be. This may be especially valuable in times of job loss or change of employers, but it is something that must certainly be decided on a case-by-case basis for each family.

Click here to read the full article by Nikhil Walavalkar for the Economic Times.

Affordable Care Act Moves Toward Equitable Healthcare | JT Insurance Services

Affordable Care Act Moves Toward Equitable Healthcare

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With many Americans shifting from one insurance plan to another or going without coverage entirely, the Affordable Care Act has come at the perfect time and represents a step in the right direction toward more equitable healthcare. Covered California has provided fewer out of pocket expenses and subsidies to many of the insured. While some still see major problems with the American healthcare system, it certainly seems that the majority of subscribers are satisfied with the beginnings of the ACA.

Click here to read the full article by Somer Meade for Huffington Post.

Reasons to Consider a Medical Supplement Insurance Plan

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Reasons to Consider a Medical Supplement Insurance Plan | JT Insurance ServicesThere are many health insurance policies that do not cover every medical expense that may arise. For example, many insurance policies do not pay for lost wages that someone may acquire when they get injured at work. That is why many insurance providers will offer medical supplement insurance plans to individuals who feel like such coverage is necessary. People who have this type of insurance can enjoy the peace of mind that comes from knowing they will be taken care of should the worst happen.

Medical supplement insurance is recommended for individuals who already have insurance, but want a little something extra just in case. This type of insurance makes sense for individuals who have an insurance policy that has a high deductible before the policy will kick in. A supplemental insurance plan will often pay this deductible. A medical supplemental insurance plan can also be used to cover a critical or life threatening illness. People who have a high risk of getting cancer may want to have additional insurance that will help out if they were to become critically ill. When people become seriously injured, there are often unforeseen medical expenses that may arise. For example, they may have transportation needs that they did not anticipate, and they may have a hard time making a mortgage payment because they were stuck in a hospital bed. It may become difficult to buy food and other basic necessities when a serious injury occurs. Having additional insurance can literally become a life saver in these circumstances.

Most insurance plans will cover basic medical expenses, which is incredibly beneficial. Individuals who want to play it safe may have a desire for medical supplement insurance so they know that they will always be taken care of. Individuals who feel like they are at a particular risk of getting seriously injured or ill should consider getting this type of insurance. People who have extremely high deductibles may also want to think about this type of medical coverage.

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Affordable Health Insurance in Early Retirement

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Affordable Health Insurance in Early Retirement | JT Insurance ServicesIf you are opting for early retirement and do not yet qualify for Medicare, there are ways to reduce your health care costs and obtain affordable health insurance. Choosing a lower-cost, high deductible plan, embracing preventative care, utilizing financial planning, and discussing your options with a knowledgeable insurance agent will facilitate your search for affordable health insurance and support your health in early retirement.

Click here to read the full article by Luke Landes for Motley Fool.

Young Obamacare Enrollees Tend to Have More Health Problems

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Young Obamacare Enrollees Tend to Have More Health Problems | JT Insurance ServicesA new study has shown that young enrollees in Obamacare tend to have more health problems, the opposite of what the architects of Obamacare were hoping. In theory, those behind the Affordable Care Act expected for healthy young people to counterbalance the older population with more health problems, but this new information contradicts this theory and may require rethinking on the part of Washington’s healthcare planners.

Click here to read the full article by Scott Gottlieb for Forbes.

Advantages of Reimbursing Employees for Individual Health Insurance

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Advantages of Reimbursing Employees for Individual Health Insurance | JT Insurance ServicesSome small and medium businesses are considering reimbursing employees for individual health insurance, rather than providing group health insurance. One clear advantage is that individual health insurance is much less costly and provides many more options for employees. This is a newer approach to employer/employee health insurance plans and may become a popular option in the coming years.

Click here to read the full article by Midland Daily News.

Older Women May Bear the Brunt of Affordable Care Act Costs

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Older Women May Bear the Brunt of Affordable Care Act Costs | JT Insurance ServicesNumbers and information regarding the Affordable Care Act seem to still be trickling in, but the main question in Americans’ minds is whether or not insurance will cost them more, or less, under Obamacare. New academics’ reports are showing that older women, aged 55-64, may face higher premiums for individual health insurance in the marketplace

Click here to read the full article by Joann Weiner for Washington Post.