Archive for 2009

What the House Healthcare Bill Means for Florida Health Insurance

A few days ago the House of Represenatives released there own version of Healthcare reform. The bill is close to 1900 pages long and would take at least a few hours to understand every little provision.   So we went ahead and did the work and condescend it to a few key points.  What does this mean for Florida Health Insurance?

PUBLC OPTION:

*Only sold in exchange
*Abide by all rules private carriers must follow
*Offer Basic, Enhanced and Premium plans
*Geographically adjust premiums in same manner as private plans
*Rates must fully finance costs
*No bailout provision – cannot get additional Federal funding to pay claims
*2 billion to fund private option
*Medicare docs are in network unless they opt out
*No punishment for docs who opt out
*Annual enrollment period where docs can opt in or out

Coverage Sold in the Exchange
*No pre-ex exclusions
*2:1 max rating based on age
*Area rating allowed as specified by the Commissioner
*Individual premiums “uniform” with family premiums
*Dependent age to 27
*Carrier’s rates must be approved before allowed into the exchange

As it currently stands there is no definitive answer on how this will effect Florida Health Insurance.

As always we will keep you posted on the public reform as it relates to Florida Health Insurance.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Friday, October 30th, 2009 Blog Posts Comments Off on What the House Healthcare Bill Means for Florida Health Insurance

“Even with the Public Option, You Need Florida Health Insurance for the Next Four Years”

Even with the Public Option, You Need Florida Health Insurance since the “exchange” and public option, if passed, won’t be available for 4 years.

Under both the  House and Senate versions of the healthcare reform implementation  will not occur till at least  2013.

The House bill doesn’t even require full funding until 2019.

If you are waiting on the public option to get Florida Health Insurance you will be waiting for at least 4 years so give us a call and let us see how we can help.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com

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Tuesday, October 27th, 2009 Blog Posts Comments Off on “Even with the Public Option, You Need Florida Health Insurance for the Next Four Years”

The Health Care Product in Customer Service

You often don’t know what you have in terms of health care benefits until you find out you don’t have them. Read the fine print.

It’s no laughing matter when you go to use your health insurance benefits and find out you don’t have what you thought you did for health coverage. In fact it’s often a nasty shock to the system and to your wallet.

This, more than anything, points out one essential thing we all should be doing – reading the fine print on our health insurance contracts, supplements, plans or whatever you want to call them. Whatever you do choose to call them, make sure when you search for Florida health insurance that you have a list of questions you want answered.

While it might seem as exciting as watching paint dry, reading the fine print will tell you precisely what is covered and what isn’t. In other words you won’t find out about it later when you’re in a situation where you thought you had coverage – and didn’t. Now that just cost you some money you didn’t expect to be paying out. Whether you’re opting for Florida HMO, PPO or POS, know what you need versus what you might get.

Sad, but true, are the health insurance companies that hope you don’t read what type of coverage you’re getting. This means they can sell you something that is relatively inexpensive compared to other plans. Well there’s a reason the plan they’re selling is cheaper. It doesn’t have the kind of coverage you may need. Florida health insurance has so many different loopholes, options, advantages and disadvantages that your best bet is to talk to an expert agent who knows their stuff.

Customer service hears these kinds of complaints all the time from people more than a tad irked about not being covered for something they wanted. It’s not their problem that you didn’t get what you wanted. They’re trying to backfill what an agent sold you. If you’re annoyed about your coverage, it’s the agent with whom you need to deal.

Make it a point to take the time to read what your health insurance benefits really provide, not assume without glancing at them that you have all you really need. Far too many people have been unpleasantly shocked to find out their health coverage wasn’t all that it should be.

If you’re in Florida and wanting information on Florida health insurance and what it really has to offer, talk to the experts. Don’t call a large online health care quote provider who could care less where you live or what you need.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Tuesday, October 20th, 2009 Articles Comments Off on The Health Care Product in Customer Service

The Cash Crunch Affects Life Insurance

Life expectancy for Americans is higher than ever – almost 78 years. On the other side of the coin, the death rate has dropped dramatically to 760.3 deaths per 100,000 people.

If one sits down and does some math with the life expectancy and lower death rates, the first thing that comes to mind is that if people are living longer and dying less, they will need to have more money to do that. In addition to needing to have more money, they will also need life insurance that makes sense for them in order to be covered properly.

The problem is that many Americans just don’t have spare cash right now, if they have “any” cash at all during this recession. All over the U.S. things are tight and people don’t spend money on anything they don’t think is absolutely necessary – often that includes life insurance. Unfortunately that is somewhat counter intuitive as this is a product that people “do” need in times like this despite begin strapped for cash.

Many people are faced with situations such as taking out a loan/mortgage for a house and then not going for the life insurance to cover it in case of a death. Those who already have life insurance are also cutting back on their coverage, in the hopes they will pick it up later when things improve economically.

Right now the life insurance market is fairly competitive and the rates are pretty good. There are many different options open to people and they’re fairly easy to get information on by going online to various life insurance websites. Fighting with the fear of not having enough money to pay the bills usually stops people from considering purchasing life insurance. However, if they can see past the immediate problem to the long-term future, this would be a worthwhile and smart investment.

One doesn’t need to buy a life insurance policy with all the bells and whistles. A basic life insurance policy is a grand place to start. Make it a point to check that out first and also compare what other kinds of policies happen to be available as well. Whole life is also an option – for which a person pays a set premium while decreasing life insurance lowers the coverage while the mortgage decreases. Generally speaking whole life insurance pays out on your death, while the term cover simply refers to insurance for the “term” of that particular policy. That means it could end without any payout, so in the long run, term insurance is cheaper.
There are tough questions to face when trying to determine the amount of life insurance that would work to cover the family in the event of the death of the major income earner. For instance, are there other loans and debts to pay off, has the mortgage been increased or borrowed against for other reasons? Has the level of the life insurance been raised to cover all the extra debt? Is it feasible to “not” have insurance or be adequately covered?

Always make it a point to speak to a life insurance expert to get the real scoop on all the differing policies available for various situations. The agent knows the product and can definitely provide professional advice on what would work best in certain situations.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, October 15th, 2009 Press Comments Off on The Cash Crunch Affects Life Insurance

Making Sure Life Insurance Proceeds Aren’t Taxed

There are ways to make sure life insurance proceeds don’t become a part of your estate.

First of all, if you are in a position to buy additional life insurance, meaning more than what you currently have, not only will you likely save money on the premiums, but you will have the opportunity to put that policy (or policies) into an irrevocable trust. The main reason for doing that is to make sure the proceeds of that policy or policies are not taxed leaving the beneficiaries with less money than they would need to survive.

Chances are that since you last bought a life insurance policy that rates have jumped substantially. The fact is if you check online you’ll find out that premiums have actually shot up anywhere from 10% to 15%, a significant hike. This may be a deal breaker for some people, but one needs to remember that either way with higher premiums or the prospective buyer being older, the premiums are going to be high.

This means shopping about for the best rate right now and not waiting another six months or so to make a decision. The longer people wait to buy extra insurance, the higher the costs. That’s a fact of doing business during a recession. Prices won’t drop and one can pretty much guarantee they will continue to rise, so acting quickly may offer the better deal on life insurance premiums.

Figuring out how much coverage is needed is a bit like a game of Russian roulette – it’s hard to know what the outcome will be. Generally speaking the rule of thumb is that people should buy five to 10 times their income in coverage. This may be too small for some people and they may opt to bump that figure up to 20 or even 30 times their income for coverage. This of course is an individual decision based on the family’s circumstances and future plans.

If the policy is supposed to be owned by a trust, speak to an attorney who will outline how the process is initiated and ultimately achieved. It’s usually best to set up the trust first and then apply for the life insurance. Setting up a trust does tend to take some time, so if this is something worth doing, take the time to do it right the first time so there are no glitches further down the road.

There are a few things needed to set up a trust – a separate bank account to fund the trust and an employee identification number obtained from the IRS, and a few other legal documents. Entrust this process to an attorney and save the major headache it will generate.

Once the new additional life insurance policy has been bought (and the trust fund all ready to roll) the good news is that it is really easy to transfer any other life insurance policies into the trust. This protects a person’s estate from being unnecessarily taxed – for now that is. No one really knows what will happen with estate taxes in the future, so be safe now because if things change, what is in place now will likely be grandfathered.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Saturday, October 10th, 2009 Articles 4 Comments

Cheaper Florida Health Care Is Available

Not to put too fine a point on it, but you really can find cheaper Florida health care if you take the time to look for it. The secret is comparison-shopping.

While it might come as a surprise to think you really are able to get cheaper Florida health insurance; the fact is, it really is available. All you have to do is be willing to surf the Internet, carefully read what you find, and call a Florida health insurance agent to ask questions.

Not everything you see on a health insurance website is the gospel truth as you’d like to know it. You are only seeing part of a huge network of people dealing with thousands of variables as they try to quote health insurance prices to thousands of people – most of whom want the cheapest fix they can get, but the best coverage that money can buy. Bit of an oxymoron that was.

Sure you might find insurance agents that can quote you a price that suits your budget, but when you get to chat about pre-existing health conditions, suddenly the price changes – drastically. So you scratch that carrier and move on to find one who will accept you. You may find one, and their price may be better than the first company you talked to, except they exclude your pre-existing medical condition. This basically means you’re no further ahead than you were when you started calling around.

Cut to the chase when you call Florida health insurance agents and let them know right up front if you have any pre-existing health conditions. This will save you time on the phone and also tell you who will cover you and who won’t. Chances are in the long run you will need to go with a carrier who will cover you, pre-existing condition and all.

The exclusion of pre-existing health conditions is rather an odd form of discrimination against people with an illness and indicates the insurance company would prefer to only insure healthy people as they’re less of a risk. There’s food for thought.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Saturday, October 3rd, 2009 Articles Comments Off on Cheaper Florida Health Care Is Available

The Life Insurance Exam Routine

To get life insurance there is a routine that has to be followed before one qualifies.

It only makes sense that to obtain life insurance the company will want to know as much as possible about the person applying. Knowing as much as possible, of course, usually means a health exam done by a doctor or paramedic, lots of forms to fill out, the routine blood tests, urine tests and saliva tests, not to mention the obligatory list of medications being taken and why they are being taken.

It all seems a bit too invasive and nosey, but realistically if a person expects to get their life insured, then they have to expect that the company considering doing that will want to know as much medical information as possible. It’s not just the medical information they insist on either. Many insurance companies will be asking questions about smoking history, hobbies (just in case the person sky dives or pilots a plane) and pre-existing conditions. Pre-existing conditions don’t exclude someone from getting insurance, but it may change the category or class they are ultimately approved in which to get insurance.
If, on the other hand, the person applying for life insurance wants less than $100,000 and happens to be under 40, they usually don’t have a tough time getting what they need. In either instance, the cost of the life insurance premium does tend to depend on the person’s age and health, which brings up an interesting scenario. What if the person applying for life insurance does not reveal all of their health issues?

If they didn’t confess to all their medical issues and withheld the fact that they smoke occasionally, this will come out in the salvia test they submitted to, no matter how many breath mints they have to hide the fact. Interestingly enough many insurance companies don’t tend to penalize people for failing to be totally honest about their health, as it may have been a genuine oversight, or they view their odd cigarette as classifying them as being a non-smoker because it’s not a whole pack.

Generally speaking though, it’s wise to just tell the whole truth and nothing but the truth and save the embarrassment later. Being honest about one’s health will only help get the right kind of life insurance in the final analysis.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Tuesday, September 22nd, 2009 Blog Posts Comments Off on The Life Insurance Exam Routine

What Exactly Does an “Exclusion” Rider Mean?

When determining what potential carrier to go with it is important to understand if that carrier will exclude certain medical conditions.  But what exactly does this mean?

There are certain carriers such as Blue Cross Blue Shield of Florida and United Healthcare that will rider out certain medical conditions if they deem them to high risk.  For an example lets look at  45-F who is taking medication to control cholesterol.  United Healthcare(Golden Rule) will take this client on however not cover her cholesterol.

This means any doctor visits, testing, Rx, hospitilization etc. associated with her cholesterol will not be covered.

If you are taking any medication or have been diagnosed with any condition within the last 10 years I advise you to call our office before taking out a florida medical insurance.    Failure to not understand your policy or exclusion could result in possible bankruptcy.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health  insurance quotes. To learn more about Florida health insurance, Florida health insurance quotes, Florida life insurance, Florida life insurance quotes, Florida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, September 17th, 2009 Blog Posts Comments Off on What Exactly Does an “Exclusion” Rider Mean?

Keeping Florida Health Insurance Affordable

Florida health insurance that is tailored specifically for an individual’s life only makes good common sense. If it wasn’t suitable, why would someone bother to buy it?

It’s no secret that Florida health insurance is essential. It is also no secret that it has the potential to be expensive, which accounts for the rising number of uninsured in the state. Recently, the government and a handful of non-profit organizations have started to wade into the health care field in an effort to reduce the expense of Florida health insurance. That only makes good sense in order to make medical care accessible to people who need it the most. It’s about time the sense of “community” began to take hold in the critical area of Florida health insurance.

It’s not just individuals who need Florida health insurance. It’s designed for groups as well. In both instances, it is set up to protect people and allow access to health care services. Shopping for the right kind of insurance and making sure it’s affordable is often a major concern for people, particularly during a recession. Florida health insurance is noted for offering coverage for children up to the age of 19, pregnant women, families and self-employed people. Still, it’s a smart consumer who takes the time to check on the varying prices offered from one insurance company to another.

Florida health insurance basically offers what a health insurance plan should offer: benefits for medications, prescription coverage, hospital stays and doctor visits. The plans available range from individual Florida health insurance to large group health insurance and from temporary health insurance to small group insurance. No matter what coverage a person needs, there is a Florida health insurance plan that will fit the bill.

In order to qualify for individual Florida health insurance, there is a medical exam to pass. It’s the usual run of the mill doctor’s checkup kind of test that will provide the insurance company with a complete health record. If a person does qualify for Florida health insurance, the next step is paying the premium which is usually based on medical history and age.

Opting to buy individual Florida health insurance is less expensive than group health, but the choices made in the final analysis may depend on other factors rather than just cost. This is why it is best to speak with a local Florida health insurance agent who knows his plans inside out and who can provide a clear overview of what benefits each policy has to offer.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Tuesday, September 15th, 2009 Blog Posts Comments Off on Keeping Florida Health Insurance Affordable

Would Someone Please Tell Me What Life Insurance Is About?

Now and then people get into conversations about life insurance, what it does and how much they have, but does anyone really “get” what life insurance is all about?

In a nutshell, life insurance gives money to a listed beneficiary (friend, spouse, family member) if the person who holds the policy dies. In most cases, people buy life insurance to cover their final expenses such as the funeral and burial and to provide income to a beneficiary. Other reasons may include a wish to cover college expenses for someone or a legacy and to pay off estate taxes. There are exceptions to this general rule in that some people just buy a death benefit policy, while others may choose a policy that grows in value over a period of time.

If you don’t know what you want, the best place to start is to review the basics of life insurance, figure out how much coverage you actually need, what type of insurance might best suit you and how the underwriting process works. You certainly don’t have to do this on your own and in fact you’d be one smart life insurance shopper if you took the time to speak to a life insurance expert about the various options you may choose.

Usually the first thing people wonder about when they start thinking about life insurance is how much coverage they should get. There isn’t a right or a wrong number for the amount you would need to cover expenses upon death, but there are a few things you should consider. Take into account what your current financial position happens to be, meaning what are your assets, income, expenses and liabilities? Do you have an idea of what your final expenses would be? What debts are you carrying that might be long-term in nature for your family? Do you want to leave income for a survivor?

Depending on your answers, you should be able to get a rough idea of the amount of life insurance you may need. For example if you want to make sure someone has income on your death, you need to also take into consideration the yearly interest rate. So really life insurance is all about planning for your goals and then finding the right vehicle to carry out your wishes.

You need to know that there are four categories of life insurance you may consider and those are considered to be the primary types of life insurance: term life, whole life, variable universal life and universal life. Before you make any choices about what you ultimately buy, you should be asking questions about the features and benefits of each choice available. Be aware that some insurance plans offer some form of cash accumulation while others do not.

In order to be approved for life insurance you will need to go through an underwriting process which basically means filling out a general medical and financial application and a physical examination. In most cases the whole process may take about 3 to 6 weeks for approval. At that point, you will start paying your life insurance premiums.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, September 10th, 2009 Blog Posts Comments Off on Would Someone Please Tell Me What Life Insurance Is About?