New supplemental insurance law passed in Massachusetts

Supplemental Insurance

Governor Patrick signs supplemental insurance legislation into law A new law that eliminates the cap on insurance payments for non-medical hospital expenses has gone into effect in Massachusetts. Governor Deval Patrick has signed a bill that would remove the payment cap, which had been placed on supplemental health insurance policies that are meant to provide aid for non-medical expenses. Massachusetts had been the only state in the country that had placed payment limits on such coverage. Law has removed the cap placed on insurance payments for non-medical hospital visitis The…

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Disability Insurance – A Dying Breed

When you think of disability insurance, you may automatically think about the benefits some receive through the Social Security program. This is run through the government. Everyone pays in, and someone who becomes disabled can then receive money each month. This program has saved many families from financial ruin, but the amount you can receive each month is not a lot. Families need more protection. Did you know there are other policies you can buy on your own in the event you are in a terrible accident or if you…

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Mind the Gap: Things to Know Before Picking the Best Medicare Supplement Plan

Medicare

Whether you have just turned 65, are about to turn 65, or are looking after a loved one who already has, keeping abreast of Medicare policy changes and picking the best Medicare supplement plan can seem like a daunting task. While the basic Medicare supplement plans (Plans A – N) are standardized at the federal government level, there are still many variations and nuances that occur at the state level. For example, some states may charge different rates for males than they do for females; some states won’t ask questions…

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Cancer insurance website features importance of awareness as well as coverage

The site may recommend the additional protection that a policy can provide, but it also provides additional resources. A cancer insurance specialty website called CancerInsuranceInfo.com has just re-launched with a new design and direction that is geared toward assisting individuals not only in obtaining the coverage that they need, but also in improving the way that they live their lives to stay healthier and make a bigger difference to those who already have the disease. The website shows that while coverage gives peace of mind, the true goal is to…

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Common Family Financial Problems and Their Solutions

Financial Tips

 Today’s financial worries hit home… The harsh economic realities of recent years have caused many families to  struggle financially. There are several areas in which a family can get into trouble. The following are 5 common areas of distress, and realistic solutions for each. Underwater Mortgage After the recent economic crisis, many families found themselves with an underwater mortgage. Basically, they owed more on their house than it was worth. The first step, especially if a homeowner wants to stay in the home, is to get the house reappraised. If…

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Health insurance plans often place a large amount of expense on customer shoulders

health insurance options

Lower premium policies are leading to high costs that can be financially crippling. A first of its kind American health insurance analysis of over 6,000 plans that are geared toward families and individuals has shown that the majority of people who enroll in them are at risk of facing tremendous out of pocket medical expenses that could cause them to face financial ruin. Plans that feature lower monthly premiums often have high limitations to the coverage they provide. For this reason, it is not uncommon for people to face enormous…

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Group health insurance is the top choice for over half of seniors

long term care insurance trends

This option beats out Medicare Supplemental coverage The most commonly purchased health insurance coverage for seniors are Medicare Advantage and Medicare Supplemental plans and Medicare Part D, but recent studies have shown that they would have preferred the group coverage they had through their employers. The Medicare plans provide seniors with protection against medical care costs. That said, over half of the participants of a recent survey stated that they felt that the coverage that they had been receiving through their employer was superior to the protection they had through…

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Employed individuals are finding additional forms of coverage to be increasingly important

Disability Insurance

A study by The Hartford has shown that single workers don’t have the protection they need in case of injury or illness. Standard employer sponsored health coverage is leaving a widening gap in the protection it provides, making disability insurance and other additional support policies much more important to workers. According to the results of new research performed by The Hartford, this is especially true among those who are employed and single. It is these individuals who are least likely to have a financial safety net in case they should…

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Results of 2012 National Critical Illness Insurance Buyer published

The American Association for Critical Illness Insurance, in association with General Re Life Corporation, has released a report based on the results of the 2012 National Critical Illness Insurance Buyer Study. The study showed that there is a growing number of people purchasing critical illness insurance in the demographic of those between the ages of 25 and 45. They are buying the coverage in order to ensure that they will have immediate cash payments available to them should they ever receive a diagnosis of a serious health condition. Approximately 49…

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InsureCA4less.com website provides California residents with best insurance quotes and comparisons

The new insureca4less.com website has announced the availability of its full service insurance quote website that is specifically designed to cater to the needs of the residents of California. The site is now offering Californians fast and easy access to free instant insurance quotes from insurers located within their area. It also provides the ability to compare the top quotes from several insurance companies so that users will always know that they are receiving the coverage they need, but at the best possible price that can be found. The insureca4less.com…

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