It’s easy to believe that the coverage you receive through the health insurance benefits from your employer means that you have all the protection you need in case of injury or illness. However, all too many people who feel this way find themselves caught in a financial catastrophe if that illness or injury does occur. Before you start feeling too comfortable, it is recommended that you take a very good look at your policy and make sure that you fully understand what it covers. There are a number of reasons…
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Trash and mini-meds insurance plans continue to exist until healthcare reform becomes effective
According to the latest edition of Consumer Reports, to be released for March, so called “junk health plans”, also known as mini-meds insurance, continue to exist and will remain so until the full degree of the healthcare reform goes into effect. The March issue said that these plans are “legal but inadequate” and said that these and other forms of misleading product, such as medical discount cards and fixed benefit indemnity plans, are still widely in existence. The reason that these plans continue to be in operation is that wavers…
Read MoreWhat can you do to reduce your health insurance premiums
The continued struggle of the economy has forced the country to try to keep healthcare spending down, and has forced many Americans to put off medical care due to financial constraints, but there are some things that can be done to minimize the amount that they spend on health insurance without sacrificing their coverage altogether. Being an informed customer can be a very important step to making sure that you are getting the most coverage at the lowest possible price, and to ensure that you are protected for everything that…
Read MoreJohn Hancock Financial announces new travel insurance offerings
John Hancock Financial has announced that it will now be offering products from the travel insurance sector, which will be available to consumers through its new website which has been created specifically for that purpose, as well as through comparison websites for that type of coverage. The new travel insurance coverage will provide protection for trip interruption or cancellation, accident, medical, and baggage, as well as multi-lingual, 24-hour emergency services. The insurer, which is based in Boston, has said that while the products themselves will be distributed by the John…
Read More2011 disaster losses break records from previous years
This year was one that brought disasters to areas all around the globe, and these catastrophes came with record breaking bills that have left the figures from previous years behind. According to the data from Swiss Re AG, a reinsurance company, the quakes and tsunami in Japan, the earthquakes in New Zealand, the Thailand floods, and the large number of American tornadoes brought a global disaster loss total up to a staggering $350 billion. The tremendous amount of devastation brought production at factories to a grinding halt and cut off…
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