Health Insurance Reform Losing Steam

Posted on August 31 2009 at 07:59 AM

A poll was released over the weekend showing Americans are less concerned about health care costs than they used to be. Americans are less worried they will lose their health care ...

0 Comments

read more >>

Insurance Companies

Posted on August 27 2009 at 07:06 PM

Don't think insurance companies are that important to the economy? AIG was the largest insurance company in the world and when it almost failed, it cost US Taxpayers over $85 Bill...

0 Comments

read more >>

Health Insurance War?

Posted on August 26 2009 at 12:02 PM

Town Hall meetings are turning into armed bar brawls...politicians are comparing each other to Hitler...other politicians are degraded American Citizens speaking their minds...the ...

0 Comments

read more >>

States likely to increase minimum car insurance requirements

Posted on August 26 2009 at 11:58 AM

Several states are considering raising the minimum amount of liability car insurance required. Most states currently require a minimum of $20,000 in liability insurance with some ...

0 Comments

read more >>

Simply stated, Health Insurance, also known as Medical Insurance, pays expenses related to the treatment of covered illnesses or injuries. However, as with most things, Health Insurance can be much more complicated than that. Health Insurance policies can contain a dizzying array of exclusions, deductibles, co-pays, coverage limits and treatment restrictions. In this section, we will explain some of the basics of health insurance. But as always, we encourage you to ask your health insurance agent questions about your policy.

Currently, most Americans with Health Insurance get their health insurance through their employers. Health insurance plans offered through employers are known as Group Plans because your eligibility is dependent upon your inclusion in a specific Group, in this case your employer. Group Plans are very advantageous because you are automatically covered upon payment of the premiums based on your inclusion in the group and you cannot be denied coverage because of your past or current health condition. Many times, an employer will pay a portion of the health insurance premiums and the employee will pay the remainder. The percentage paid by the employer is decided by the employer and can range from 0% - 100%. In addition to employers, other types of groups can also offer group health plans.

It is important to remember that employer group health plans are sponsored by the employer but they are run and administered by private insurance companies. In the event of a claim, you will deal directly with the private insurance company that wrote your health insurance policy, not your employer. In most cases, your employer will have no decision making ability in whether a claim is paid or denied.

Many other Americans are covered by Social Insurance plans. Social Insurance plans are insurance plans run by the government such as Medicaid or Medicare. Their benefits and coverages are determined by the government, not private insurance companies. They normally cover certain populations such as the elderly, the very young, the disabled or the poor. Social plans are paid for entirely with public taxes and their benefits are government for local, state and federal governments.

You can also obtain insurance directly from a private insurance company. But unlike Group and Social plans which cannot deny you coverage, a private insurance company can refuse to cover you with a policy if you are already in poor health. In addition, private policies are generally much more expensive to obtain than most group policies. Therefore, if you have access to an employer sponsored health insurance plan, that is generally the best and most cost efficient way to obtain health insurance.

Because health insurance policies can be complicated, we recommend that you obtain a health insurance agent and together, thoroughly exam your situtation and decide which health insurance policy or plan is right for you. If you are looking for health insurance on your own, below is a list of leading health insurance companies in your area.



Leading Health Insurance Companies

Assurant Health-Flexible Medical Insurance Options

Only Pay for the Coverage You Want. Call Today & Be Insured Tomorrow!

more info

Free Business Health Insurance Price Quotes

Easily Compare Prices & Save. Find the Best Deal & Save Today!

Health.BuyerZone.com

Best Cheap Health Insurance

Come Here To Get the Cheapest and best Health Insurance Possible!

http://www.FoxQuotes.com

Foy Insurance Group

Proudly Serving Your Area

Click on the More Info button to learn about this business.

http://www.foyinsurance.com

more info

Evans RL Company Inc

For 35 Yrs we have been committed to serving the insurance and financial needs of individuals & employers throughout the Pacific Northwest.

Serving Puget Sound Insurance Needs.

    phone

http://www.rlevansco.com

more info

Copyright 2010. All Rights Reserved.
Copyright 2010 Acxiom.