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Posts Tagged ‘family’

Medicaid And Long Term Care Insurance A Blessing For The Older Americans

June 16th, 2018 Comments off

Established in the US in 1965, as a modification to the Social Security Act, Medicare Title no. 8 ) and Medicaid ( Title no. 8 ) were designed as medical insurance covers for mainly the people below poverty line. These included BPL families with youngsters, sixty five years plus folk, the blind or disabled already existing on supplemental security earnings, lower income pregnant women and children and lower income folk who have heavy medical costs.

The Medicaid is usually financed by the central government and the state government together but almost all of the time the state government. Decides the planning and the functioning of the entire system. The main things this could be covering are services in the hospice, costs for the laboratories, special nursing care and facilities like the treatment at the home. Sometimes even the charges for calling a doctor and assorted health examinations for kids and ladies are covered in this.

Long-term insurance for the hospital therapy is received by those who are blind and folk with disabilities. These folks sometimes will not be having any source of income apart from the supplemental security income that they will be getting. Previously the govt. did not include the old, blind and those with disabilities for SSI but now they have made them eligible for it and making them avail the benefit of Medicaid.

After this has been done, there has been a huge rise in the quantity of people who are using these services and when accounted according to the ages the old age folks have filled up a major slice of the same. Many of us are cheerful after the executive. Started Medicaid for them.

Only 4 States i. e. Long Island, Connecticut, Indiana, California are currently offering a long term care policy. With such a policy, the insurance will be exempt from resource spend down and estate recovery. If the policy benefits get exhausted and Medicaid has to intervene to salvage the situation.

There are just four states that give long-term care policy which include New York, Connecticut, Indiana, and California. This policy will help them by exempting from spent resources. Medicaid will intervene and salvage the situation when the policy benefits have been exhausted. The main reason this policy is good as you are eligible even after you maxed out the policy benefits, you will be able to enjoy the care of state policy and you will still get home care facilities.

Some of the most significant things that are included in this insurance policy are that you are given three years of nursing care and home care for 6 years. Protection against inflation with 5 %, recess care for 14 days which is renewable and 30 days of extra period as grace, so you can pay your premium just in case there is some difficulty.

Most of the time an insurance policy will help with benefits like saving your assets, giving you long term care as often as you need and wherever you want. It can be at hospital or at home. That is why so many americans who are old and eligible are using it at length.

Before you go out and buy a policy go to Long Term Care Insurance, ask questions and request a long term care insurance quote. We represent 20 of the top LTCi providers. This gives you tremendous options.

Home Insurance: Types of Policies

May 29th, 2018 Comments off

Purchasing home insurance is just as important as the purchase of the home. Because buying a home is such a major financial investment, it is essential to make sure that your home, property, and contents are protected. There are various types of home insurance policies available so it is imperative to understand each type so you can make an informed decision.

The following outlines the main types of home insurance policies:

HO-1: This type of policy is considered a basic for of protection. It insures against fire and lightening damage. A homeowner may purchase this policy for a particularly valuable item such as expensive jewelry.

HO-2: This type of policy is referred to as ‘broad coverage.’ Coverage includes damage from such events as smoke, wind, rain, hail, vandalism, theft, an explosion, removal of items that are threatened by fire damage, glass breakage, and damage cause by falling objects. As well, it also covers snow causing a roof collapse, ice damage, burst pipes, water damage from broken pipes, and damage from a riot.

HO-3: Referred to as a ‘special’ form, or sometimes called ‘all risk’ or ‘open peril’ insurance, this policy insures your home against damage or loss. There are exclusions that will be listed in the policy so you should read what items are excluded. This is the most commonly purchased home insurance policy.

HO-4: This is a tenants insurance policy. It insures the contents and personal items against the same situations as the HO-2 policy. It also covers supplementary living expenses if required such as medical payments. It also provides liability protection. The policy cannot be extended to cover items owned by the renter. It is mainly for protecting the owner of the property.

HO-6: This type of policy provides coverage for a condominium owner who wants to insure items that are not insured by the condominium association policy. They may also want to add personal liability protection.

HO-8: This policy is referred to as the ‘older home’ policy. If you have an older home, some policies may not provide replacement coverage. You may have to purchase a modified replacement policy where the policy will reimburse you for standard building materials.

Some states will categorize these policies under different titles, but they contain the same information. It is important to be aware that are living in a high risk area such as hurricane or flooding area, you will have to pay for extra protection. Some people combine a couple of policies to get complete coverage. Most companies now offer online quotes, so you can easy way to make your selection. Because prices and features can vary among insurance companies, it is essential that you comparison shop so that you are getting the best coverage at the best price.

Because there are a number of insurance policy options available, it is important that you understand each so that you can acquire the right policy that meets all of your needs.

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Travel Medical Insurance – Patriot Trip

May 19th, 2018 Comments off

Patriot Trip – Travel insurance comes into use if the pre-planned trip gets canceled in the middle due to unforeseen circumstances. This popular trip cancellation insurance plan covers a wide range of benefits like expenses incurred for advance booking of travel and other reservations during the trip, emergency reunion, personal baggage loss, repatriation of mortal remains, travel delays, emergency evacuation and medical expenses incurred including any requirement for dental surgeries due to an accident during the trip.

The patriot trip insurance coverage benefit helps you recover non-refundable payments and deposits or any un-utilized payments during the planned travel.

To be eligible for this travel health insurance policy which includes trip cancellation coverage benefits, the minimum cost incurred by the traveler for the trip should be $500, the destination should be at least 120 miles away from the point of start and the duration of travel should not exceed 30 consecutive days.

The trip cancellation benefits become effective from the midnight of receiving payment and the completed application form. Other coverage benefits of this travel medical insurance policy become valid right from the departure date of the insured.

The Patriot Trip – Travel insurance would end upon the date of return of the insured from the trip, or the planned return date in case of no interruption or cancellation, or end of coverage period as indicated in the policy or cancellation of the planned trip that is covered (whichever is earliest).

The Patriot Trip – Travel medical insurance plan offers full refund of charges if the travel insurance policy certificate is returned within 10 days of receipt and the insured has not departed for travel within these 10 days and no claims have been made so far under the purchased insurance plan.

The premiums rates of this travel insurance plan varies between every individual and the calculation is based on certain factors like total cost of trip, age of the individual and the other travelers accompanying the insured during the trip.

The pre-existing medical conditions are waived off for travelers who are less than 70 years old and have purchased this travel medical insurance plan within 14 days of paying the initial deposit to the travel agent. In addition, the insured individuals should be declared medically fit to travel on the date of applying for the Patriot Trip – Travel medical insurance plan.

Ray Sondeo often writes about travel insurance.

What You Need To Understand When Taking Out Health Insurance

April 29th, 2018 Comments off

The world is advancing. As technology improves, more and more medical treatments and methods are being developed. As a result, the costs for health care increases accordingly. This makes health insurance essential. It helps in paying medical bills and provides protection for you and your family in the event of unexpected injuries of illnesses that could be rather costly. Furthermore, those who have health insurance are more likely to get routine care.

You have no way of knowing how your medical bills would be like. There may be a time when they will be low and manageable but during other times, you may have very steep medical bills. You will have peace of mind if you are insured because you know that if such situations arise, you will be protected from most of the costs. You must not wait for your loved one to get sick or injured before you try to buy health insurance.

Health insured individuals are more likely to get routine health care. Research shows that the individuals who have higher chances of getting a regular doctor are those with health insurance. Therefore, they can easily get medical care whenever they need it.

Health insurance is divided into two categories: group insurance and individual insurance. Group insurance is typically provided by employers or by a union to which a person belongs. Some employers provide only one insurance plan while some make different plans available to employees for them to choose from. On top of the medical help benefits, some plans under group insurance include dental and vision benefits. Fir group insurance from an employer, you will pay for a lower premium because your employer will share for the costs. If it is from a union, on the other hand, you will pay for the premium by yourself but the cost for it is still lower compared to the standard.

Not all people have access to group insurance, such as those who are self-employed and those whose employers do not offer health insurance. This is why individual insurance is available. As the name suggests, you need not belong to an organization or have an employer to purchase individual insurance. You can get it directly from an insurance provider. Usually, Americans buy health insurance from government health programs such as Medicare.

Group insurance is, needless to say, cheaper than an individual health plan since with the former, you either get a lower premium or get the normal rate but with someone to share the costs with. If you have no access to group insurance therefore, you must do a lot of comparing before you settle for a plan so you can find a good deal with a premium rate that you can afford to pay.

When choosing a health insurance plan, whether group insurance or an individual plan, you must consider the following factors: cost of premiums, benefits, amount of coverage, amount of deductibles, access to hospital, doctors, and other medical providers, access to emergency health care, and the limitations.

Dawn Enstruthe writes for website SD Health Insurance which has details of low cost dental insurance for self employed and best price dental insurance for students.

Travel Medical Insurance – Atlas International Policy

April 27th, 2018 Comments off

Falling sick while traveling to another country is a real concern for many travelers. To allay those fears, Atlas Travel Health Insurance offers short-term plans that are especially beneficial for those on holidays, business trips, and student exchange or similar programs.

With the Atlas international travel insurance plan, the plan holder receives medical benefits for inpatient and outpatient treatment. The plan includes ambulance charges and hospital coverage up to $100 per night at the hospital, and physical therapy. Coverage includes emergency dental treatment, and the cost of evacuation for emergency medical treatment. The hazardous sports coverage covers the cost of medical treatment if the insured gets injured when performing adventurous sports such as mountaineering.

Seniors often struggle with the terms of travel insurance because it excludes diseases previously detected. With the Atlas international travel insurance plan, those under 70 can still get such conditions covered in case of their acute recurrence. Also, if hospitalization results in an unattended child under 18, the plan covers the minor’s return home.

In keeping with the times, the plan also offers coverage for injuries resulting from acts of terrorism and natural disasters, and costs related to political evacuation. If an international trip is interrupted due to a catastrophic event that damages the home of the insured, the Atlas International insurance plan will cover his/her trip back home. In the unfortunate event of the death of the insured, the plan covers the cost of sending the remains home.

The plan not just covers travel, but also temporary trips home during the plan period, for up to a maximum of 15 days in 3 months. The Atlas insurance plan eases the transition on return by offering medical coverage for 30 days in the home country.

The travel health insurance plan also offers non-medical benefits such as lost baggage tracking and help with finding doctors and lawyers in case of need. The plan covers treatment (after the deductible) by U.S. doctors and hospitals that are part of the PPO network.

Applicants to the Atlas international travel insurance plan must be at least 14 days old. Plans can be for a minimum of 5 days and a maximum of 12 months, with options for extension. An Web-based client zone helps plan holders work with and perform tasks associated with the plan. Round-the-clock, round-the-world customer service is available through toll-free phone numbers.

Benefits of the Atlas international travel insurance plan range from $50,000 to 1,000,000. The premium varies with the age of the insured, maximum medical coverage and deductible. The addition of the sports rider will increase the premium.

Ray Sondeo often writes about travel insurance.