Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…
Read MoreTag: Supplemental health insurance
Tips to save your money when purchasing health insurance coverage
With the start of the new year, many people have made resolutions to save more money, and in that effort, it is not uncommon to look over health insurance coverage to make sure that what has already been purchased or what will be purchased in the near future will include the best possible savings but with the coverage that makes the most sense to each individual. Use the following tips to help achieve this goal: • Do your homework and compare all of the different health plans available to you…
Read More63 percent of health insurance exchange-using seniors reevaluated their private Medicare plan coverage this year
A study that involved an extended health survey of seniors who bought private Medicare plans through a health insurance exchange showed that 63 percent reevaluated their coverage during the annual enrollment period for 2012 and that among them, 31 percent purchased different coverage. The survey involved the participation of 334 seniors who had previously purchased private supplemental Medicare plans through an insurance exchange. According to the results, the three primary reasons that these seniors decided to reevaluate their health insurance coverage were: • Because they had experienced an increase in…
Read MoreSome preventive tests may be covered under new healthcare overhaul, others are not
Though many preventive tests –colonoscopies, for example – are covered by the new healthcare reforms, patients are still being urged to understand various loopholes that still exist, where supplementary insurance can help to prevent unexpected expenses. For instance, though a colonoscopy – a preventive colon cancer screening test – may be covered, if its practice should involve an additional procedure, such as the removal of a noncancerous polyps during the test (which is a very common practice), that additional work is considered to be a procedure and is no longer…
Read MoreHigh deductible and consumer-driven employee insurance plans growing slowly but surely
The Employee Benefit Research Institute has released a new study concerning the changes seen in employee health insurance plans seen over the last year. The study shows that the changes have been relatively small, but they have had some impact on the insurance market. High deductible insurance plans are beginning to grow, according to the study, though traditional insurance plans – those with low deductibles – continue to dominate the market. The research institute claims that high deductible plans may overtake more conventional plans by the end of next year.…
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