Tag Archives: insurance broker

Finding Low Cost Medical Insurance

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Today there are many people who cannot get health insurance through their employer. Others struggle to pay the premiums or meet the deductibles of their current insurance plans. Is there a way for these families and individuals to find low cost medical insurance?

If the individual is young enough, they may be able to get added to a parent’s health plan. Even married adults with a job can find coverage under their parents’ medical insurance – if they are younger than 26. This may be the cheapest option for young adults and parents may be willing to do this if the young adult pays for their part of the premium.

Of course, many people struggling to find low cost medical insurance do not have the option of receiving insurance coverage through their parents. These individuals might turn to cost comparison tools online. These tools can help the individual to balance their estimated monthly expenses with the amount of services that the insurance will pay. With the current healthcare reform, even individuals with pre-existing conditions can find an affordable medical insurance plan. Ultimately, balancing cost versus medical needs will be the main goal.

There are a few different low cost options available. A health maintenance organization often has limits concerning which doctors and medical facilities can be visited, but provide much lower medical costs than self-pay and other forms of insurance. High deductible plans seem pretty affordable initially, but often have high deductibles that must be met before they kick in. If a low premium is the primary objective, however, this type of insurance plan is a good fit. Many low cost medical insurance plans are preferred provider plans. These plans typically involve many doctors, hospitals, and facilities and provide fast access to preferred medical care providers.

Medical costs, these days, can become very expensive. A simple visit to the doctor, for an uninsured person, can take out a large portion out of the monthly budget. When hospital costs or long term care is involved, then those costs increase very quickly. The coverage of an affordable medical insurance plan is vital. Once an appropriate plan is found, enrollment should be accomplished as quickly as possible.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://healthplansforyou.com/blog/

How Much Life Insurance Should You Have

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Answering the Life Insurance Question

When planning for retirement one important question will crop up; “How much life insurance should you have?” In order to answer this question, many people turn to formulas in order to come up with quick estimates. However, these shortcuts do not provide the specific type of information you need to make a well-informed decision. Figuring life insurance takes a bit of research and perhaps some consultation periods with a professional.

The first step to answering this question is to remember the primary purpose: to make it possible for your surviving loved ones to pay off any debts and to carry on their lives even though you are gone. How much life insurance should you have? Consider your specific situation in order to determine the answer.

Begin by figuring out the expenses related to the funeral and burial. As your family struggles to cope with their loss, trying to come up with the money to pay for a funeral can be overwhelming.

Next, total up the balance of your mortgage, any credit card loans, student debts, and other outstanding loans that need to be paid off. The loss of a home or car can be devastating at any time, but following the loss of a loved one might be an intolerable burden.

If you have children, then consider how much it will cost to send them to school. One expert suggests that you look at the colleges of your choice and then calculate their future costs by 5% a year. Decide whether you want to leave enough to pay for the entire amount of schooling or a portion of the tuition.

Finally, calculate about half of your pretax earnings and aim to provide that much for your family members. If your spouse earns a good salary, then the amount of insurance you purchase may be lessened. Medical costs, on the other hand, might increase the amount you wish to purchase.

When you add these four figures together, you should have an estimate that reflects your specific situation. Invite a professional to guide you through the process of determining the answer to the question, “How much insurance should you have?” Together, you and the professional should come up with an answer that is best for your situation.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://healthplansforyou.com/blog/

Health Insurance Quotes Through a Broker

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slider-icons_11(1)Find Health Insurance Quotes Through an Insurance Broker

Health insurance quotes are simple with the help of a good insurance broker. Before companies like this existed, people seeking insurance rates had to contact every insurance company individually. After all this work, the rates they received were often non-comparable due to key differences in services, deductibles, and other important plan features. Insurance brokers are online companies that gather and present available options so that now your job is simple. The best part is that their services are free.

Government regulations now require that insurance companies provide comparable plans allowing the coverage and costs to be easily seen. Continue reading Health Insurance Quotes Through a Broker →