Some may avoid tax penalties if they do not have health insurance

health insurance mergers industry care

Affordable Care Act tax penalties may not be a problem for some people Some people without health insurance in the United States may not be subject to tax penalties next year. According to the Affordable Care Act, all U.S. citizens must have a certain level of health insurance coverage. If people do not have the adequate level of coverage, they could be subject to fines from the federal government, issued during tax season. Some people may qualify for an exemption from these fines, however, due to provisions of the federal…

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Travel insurance is becoming more expensive for seniors

travel insurance

Despite the fact that claims are dropping, the industry is still charging these travelers more for coverage. Vacationers in their late 70s and their early 80s are now finding that travel insurance is costing them more than it once did – even more than people who have recently retired – even though the costs associated with covering those individuals on their holidays has been decreasing. Typically these insurance policies become more costly with age because of a rise in the risk of accidents and health problems. For that reason, when…

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New York auto insurance rates vary widely throughout the state

New York Auto Insurance

A new report has been released to identify the five most expensive counties in which to purchase coverage. The release of a new report has now underscored the point for New York auto insurance customers that a driver’s zip code will make a considerable impact on the amount that will be paid in premiums. In fact, the county in which a motorist lives could nearly quadruple the cost of coverage. This state has the third greatest population in the U.S. Out of the total estimated population in the state, which…

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Automobile insurance study shows affordability improvements

Automobile Insurance affordability

The research determined that auto coverage has become more affordable for people at all levels of income. A recent study that was conducted by the Insurance Research Council (IRC) has determined that automobile insurance is becoming more affordable and that this trend has been maintained over the last ten years, particularly for individuals within the lower and middle income ranges in the United States. Every state except for six experienced improvements in their affordability from the 1990s to the 2000s. Among all of the states and the District of Columbia…

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Homeowners insurance lacking in over 9 in 10 UAE homes

homeowners Insurance news

Recent findings from Zurich have revealed that the current trend is headed in a downward direction. It took a massive fire in a Dubai residential tower, last year, to truly draw the attention of property owners in the United Arab Emirates to the importance of homeowners insurance, but it looks as though the climbing trend has come to an end and is starting to drop once more. A recent study has shown that over 9 out of every 10 people don’t have their homes covered. The homeowners insurance study was…

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Long term care insurance study reveals buyer behaviors

Long Term Care Insurance Planning

Recent research has identified some of the reasons that people are purchasing the coverage. According to the results of a recent study, the people who are the most likely to buy long term care insurance are also those who are either getting ready for their retirement, or who have known someone who has experienced a situation in which they required LTC. The research suggested that life events tend to be a major trigger for making this kind of planning purchase. The study was conducted by the MSR Group and was…

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Insurance news study results show people with coverage use hospital less

insurance news

The research compared hospitalizations among those who had health plans with those who didn’t. According to the results of a new study that are making insurance news headlines, people who have health coverage are far less likely to require hospitalization than those who are uninsured. This data comes at a time when the Affordable Care Act is still trying to show it will be financially worthwhile. The research performed a comparison between the hospitalizations of childless adults who had BadgerCare with those who are completely uninsured. What it determined was…

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