15 Dec
Posted by: Ethan Collin in: Featured Articles
INDIANAPOLIS Indiana consumers who buy their own health insurance will get a bigger bang for their buck in the next few years, thanks to a decision by the U.S. Department of Health and Human Services on Monday.
The federal agency rejected Indianas bid for an exemption from federal health care overhaul rules that require insurers selling policies to individuals to essentially dedicate 80 percent of the premiums they collect to medical care. In other words, business costs and profits cannot total more than 20 percent of the premiums the insurers collect, or else they must pay rebates to policyholders the following year.
The Indiana Department of Insurance, arguing the 80 percent rule was discouraging insurers from selling individual policies, requested permission to allow the companies to devote just 65 percent of premiums to medical care this year, about 69 percent next year, 72 percent in 2013 and 76 percent in 2014.
On a cold wintery day I often take refuge by curling up on the sofa with a mug of hot chocolate and watching a classic film such as . I love watching the minis performing gravity defying stunts and imagine myself one day having a starring role with my car in a blockbuster.
Mind you, that infamous ending scene where the bus hangs precariously on a mountain side always sends shivers down my spine. So when I heard that there is a hotel in Italy which boasts the same position, I couldn’t imagine that anyone would be gutsy enough to sleep in such a terrifying spot.
However, it would appear that this cabin is actually much safer than the original bus, and although it doesn’t contain tons of gold, it did cost the Italian Alpine Club £214,000 to develop. Adve Read more…
There are several different programs available to help you prepare for death and illness. Many people know that they should have life insurance and recognize the importance of having a will.
However, another valuable policy to include in your portfolio is long term care insurance. Designed to pay for your nursing facilities or assisted living situation should you be unable to live on your own, this valuable coverage will protect your estate and give peace of mind to the entire family.
The Government Will Not Pay
Many people assume that federal programs like Medicare will cover the cost of nursing homes or assisted living. The fact is that the government expects any private party to pay what they can.
Assistance programs will only come into play after your assets have been liquidated to pay for as much of your care as possible.
08 Dec
Posted by: John Moysey in: Home Insurance
Parents who have children studying abroad should prioritize getting international student insurance for their children. Getting an insurance policy will help ease their worry about not being able to take care of the child who is studying abroad, aside from the fact that a health insurance is a requirement in most universities for foreign students.
Health insurance, such as international student insurance, takes care of the medical expenses that will be incurred in case the student/policyholder gets into an accident or is injured. This will be very helpful to the student, especially since healthcare can get very expensive in some countries.
With health insurance, the student will not have to worry about drawing the money from his own pocket, because the insurance company will take care of it.
Managing Risks, Recognising Responsibilities
Thursday March 1st2012, Hotel Russell, London
The insurance industry is faced with new responsibilities, new risks and new challenges in a rapidly evolving global market place.
In a global environment where governments can no longer act as sole protector and risk officer of society, the insurance industry has a new opportunity for leadership, responsibility and growth. What role will the insurance industry play?
This unique one-day summit brings together the leaders of the industry to discuss the strategic direction for UK insurance.
By catching drug-interactions and dosage errors made by physicians and other prescribers, pharmacists save lives. But an editorial posted this week on PeoplesPharmacy.com explains that pharmacies are far from perfect.
In fact, pharmacists themselves are often guilty of critical errors, as we see in this excerpt from the story:
Pharmacists are highly trained health professionals. They can save lives if given the chance. When mistakes occur, though, the results can be tragic, as one reader reported:
“My ex-husband died from a pharmacy error. He was in relatively good health before the pharmacy dispensed an overdose of Coumadin. The physician denied any responsibility for this problem, though the pharmacy blames the physician.
“The drug manufacturer clearly states in its written information that Coumadin should not be taken twice a day.