Tag Archives: insurance

Insurance Industry Unites to Address Gender Diversity

Insurance Industry Unites to Address Gender Diversity | JT Insurance ServicesWith every industry progressing by way of gender diversity, major players in the insurance field met earlier this month to address increasing the roles of women in leadership positions in the insurance workplace. Women have historically been underrepresented in leadership within the insurance industry and gender diversity is being emphasized across the sector to bring more success and opportunity to the insurance field overall.

Click here to read the full article by Bill Ross for PropertyCasualty360.

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Insurance Tips for Millennials

The age group now being referred to as the Millennials– young adults ranging from 18 to 31 years of age– starting out their professional lives must consider different types of insurance. The group is considered to be more vulnerable due to lower income and assets, and for this reason and many more, should consider looking into the different kinds of insurance to secure their futures.

Click here for the full article by Catherine Fredman for Investopedia.

Types of Health Insurance | JT Insurance Services

Choosing Between the Types of Health Insurance

Getting the right health insurance for you and your family is not the easiest thing in the world. There are many steps and complicated things to consider. The first problem most people come across is determining what kind of health insurance they need. There are many different types of health insurance available to everyone. Finding which type works best for you is important. What are some of the most common options? Continue reading Choosing Between the Types of Health Insurance

Finding Low Cost Medical Insurance

Today there are many people who cannot get health insurance through their employer. Others struggle to pay the premiums or meet the deductibles of their current insurance plans. Is there a way for these families and individuals to find low cost medical insurance?

If the individual is young enough, they may be able to get added to a parent’s health plan. Even married adults with a job can find coverage under their parents’ medical insurance – if they are younger than 26. This may be the cheapest option for young adults and parents may be willing to do this if the young adult pays for their part of the premium.

Of course, many people struggling to find low cost medical insurance do not have the option of receiving insurance coverage through their parents. These individuals might turn to cost comparison tools online. These tools can help the individual to balance their estimated monthly expenses with the amount of services that the insurance will pay. With the current healthcare reform, even individuals with pre-existing conditions can find an affordable medical insurance plan. Ultimately, balancing cost versus medical needs will be the main goal.

There are a few different low cost options available. A health maintenance organization often has limits concerning which doctors and medical facilities can be visited, but provide much lower medical costs than self-pay and other forms of insurance. High deductible plans seem pretty affordable initially, but often have high deductibles that must be met before they kick in. If a low premium is the primary objective, however, this type of insurance plan is a good fit. Many low cost medical insurance plans are preferred provider plans. These plans typically involve many doctors, hospitals, and facilities and provide fast access to preferred medical care providers.

Medical costs, these days, can become very expensive. A simple visit to the doctor, for an uninsured person, can take out a large portion out of the monthly budget. When hospital costs or long term care is involved, then those costs increase very quickly. The coverage of an affordable medical insurance plan is vital. Once an appropriate plan is found, enrollment should be accomplished as quickly as possible.

 

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Individual Health Insurance Savings

Ways to Save on Individual Health Insurance

Individual health insurance policy holders usually only look at their medical plans when it comes time to re-enroll. If  your employer offers only a few different options to workers, you may believe that you will either pay now or later. Some individual medical insurance plans come at a low cost, but they do not offer much in the way of health protection. Ultimately, consumers interested in individual medical insurance need to run through a number of scenarios in order to get the most value.
What Does an Individual Medical Insurance Policy Cover?

A single person with medical coverage is generally covered for an annual checkup at the doctor. These individual health insurance plans may also provide prescription coverage or discounts and hospital care. Your individual medical coverage may or may not include specialty medical services, such as mental health and dental care. Although a lot of people attempt to save money on medical insurance by limiting their visits to the doctor, this is not ideal.

High Deductible Versus Low Deductible Medical Plans

Generally, health insurance plans can be categorized by high or low deductible. Buying medical insurance with low deductibles certainly makes coverage more affordable. However, unforeseen medical emergencies can cause you to pay more money out of your own pocket. Higher deductible medical insurance offers less in the way of immediate savings, but it also protects you from paying more at the doctor’s office.

 

Healthy Living

Although it should be clear that leading a health lifestyle is in your best interest, insurance companies also have a vested interest in the health of their consumers.  As a result, individual health insurance can become cheaper if you make plans to live healthier. Signing up for a gym membership can help you to get lower medical insurance rates. Those who use tobacco products also pay higher premiums, so quit smoking and save money on premiums for the rest of your life.

Even with the changes that have been made to the health insurance market via the Affordable Care Act, there are lots of working adults who do not have medical coverage. If your concern is money, look at current rates before making an assumption. Although you do not have to buy medical insurance, having the protection that medical insurance provides cannot hurt.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
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How Much Life Insurance Should You Have

Answering the Life Insurance Question

When planning for retirement one important question will crop up; “How much life insurance should you have?” In order to answer this question, many people turn to formulas in order to come up with quick estimates. However, these shortcuts do not provide the specific type of information you need to make a well-informed decision. Figuring life insurance takes a bit of research and perhaps some consultation periods with a professional.

The first step to answering this question is to remember the primary purpose: to make it possible for your surviving loved ones to pay off any debts and to carry on their lives even though you are gone. How much life insurance should you have? Consider your specific situation in order to determine the answer.

Begin by figuring out the expenses related to the funeral and burial. As your family struggles to cope with their loss, trying to come up with the money to pay for a funeral can be overwhelming.

Next, total up the balance of your mortgage, any credit card loans, student debts, and other outstanding loans that need to be paid off. The loss of a home or car can be devastating at any time, but following the loss of a loved one might be an intolerable burden.

If you have children, then consider how much it will cost to send them to school. One expert suggests that you look at the colleges of your choice and then calculate their future costs by 5% a year. Decide whether you want to leave enough to pay for the entire amount of schooling or a portion of the tuition.

Finally, calculate about half of your pretax earnings and aim to provide that much for your family members. If your spouse earns a good salary, then the amount of insurance you purchase may be lessened. Medical costs, on the other hand, might increase the amount you wish to purchase.

When you add these four figures together, you should have an estimate that reflects your specific situation. Invite a professional to guide you through the process of determining the answer to the question, “How much insurance should you have?” Together, you and the professional should come up with an answer that is best for your situation.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
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Types of Health Insurance | Choose the Best

Choosing The Best Types of Health Insurance

Not only are insured individuals protected from life’s unexpected events, they are also viewed as being more responsible. By getting and maintaining insurance coverage, you will also be contacted directly by different insurance companies. Deciding between various types of health insurance may cause you some grief if you are not totally prepared. Understand what role insurance is going to play in your life, then look at products that meet your specifications.


How Health Maintenance Organizations Work

You may only go to the doctor once a year, but imagine how expensive it would be if you did not have medical coverage. The average doctor’s visit costs hundreds of dollars for uninsured individuals. Compare the types of health insurance that you can get with health maintenance organizations to understand how you can benefit. An HMO might not allow you to go to any doctor that you want, but you can always look to see if your preferred doctor is listed.

High Deductible Health Coverage

These are the most affordable health coverage plans available, but they do come with several drawbacks. A high deductible health plan will require you to pay a certain percentage of your medical costs before the remainder will be covered. This means that you might have to pay for minor surgeries and specialist care directly. The main benefit of types of insurance in the high deductible category is lower premiums.

Preferred Providers

Group medical insurance plans often fall into the preferred provider group. Consisting of vast networks of hospitals, medical facilities and doctors, PPOs can be used to get immediate care. All providers listed within your PPO will be within a reasonable range of your home, making it easier for you to setup and attend appointments.

Going to the doctor is important, but having good coverage is crucial. You want to have a way to pay for your medical costs ahead of time because there is no telling how expensive patient care can get. After you have found a type of health insurance that you want, signing up is a snap.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://jtinsuranceservices.com/blog/

Cheap Health Insurance

Is It Still Easy To Get Cheap Health Insurance?

Even though the Affordable Care Act has been fully implemented, most consumers are confused about whether or not they can save on medical coverage. Although people with full-time jobs can buy insurance via their employers, many have observed a number of marked changes. The fact is, cheap health insurance is still being sold, directly to consumers. Whether you want a minimal amount of medical coverage or a comprehensive plan, these types of policies are being offered at low costs.
Health Insurance Coverage Requirements
Everyone is required to purchase medical insurance, mainly because the government has made it extremely accessible. This medical insurance can be obtained through a government run health insurance marketplace, from your employer or independently. Continue reading Cheap Health Insurance

Insurance Agent

Ways an Insurance Agent Can Help You Find Affordable Coverage

For the most part, people are responsible for finding and paying for their own insurance coverage. Prior to buying a car, you have to provide proof of insurance, and before you can close on a home, you also need a homeowners insurance policy. Acquiring medical insurance is also fairly straightforward for individuals who work outside of the home. Working with an insurance agent can help you to review all of your insurance options in less time.

Expert Insurance Advice
When you compare insurance policies, you probably look at premium amounts first. Although two insurance policies can seemingly have the same coverage levels, you might instinctively go with an insurer that has the lowest premiums. An insurance agent knows how to dig deeper by explaining all of the merits and drawbacks of specific insurance plans. Dedicated insurance agents can also look for companies that do not normally offer coverage in your region as well as find insurance products that are not readily marketed.

 

Bundling, Planning and Savings
Working with an insurance agent might also make it easier for you to save on bundled insurance products. Simply put, insurance agents are in the business of serving their clients. By getting you the products that you need at a lower cost than you expect to pay, they know that you will keep coming back. This will help you to better plan out life changes, such as marriage, relocation, and expanding your family.

 

More Insurance Companies to Choose From
Although it is not always the case, most of the time an insurance agent will several types of insurance available from a multitude of companies. You can do a lot of preliminary research on the web, but you will not be able to exhaust all of your insurance options on your own. Just tell insurance professional what you are trying to do, and he or she will help you as much as possible.
Initially, it might seem old fashioned, but working with insurance agents is really the best way to get high quality insurance coverage. Imagine getting immediate responses to your questions instead of filling out computerized forms. If you work with an insurance professional, you will have access to outstanding customer service around the clock.

 

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://jtinsuranceservices.com/blog/

Affordable Health Insurance

Realizing the Importance of Having Health Insurance

Chances are you have experienced a time where a sudden medical expense arose that was unforeseen and unexpected. It is during times such as these that  having affordable health insurance may be what it takes to prevent financial distress and unnecessary worry. Understanding the importance of this necessity may help you to make smarter decisions when the time comes to pick out a plan for your family.

While it is nice to think that nothing unexpected will ever happen regarding the health of your body, chances are there will be unforeseen circumstances that warrant timely healthcare. Preparing for these circumstances and ensuring that a portion of the costs will be absorbed by someplace other than yourself can be achieved by having the right policy. Continue reading Affordable Health Insurance