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Short Term Disability

The facts are that every American faces the possibility of being disabled before retirement. Statistics show that it averages about three out of every ten people, but those odds may change.

Disability is not just something that should be considered a physical threat; it needs to be regarded from the financial point of view. Being disabled and not having the ability to work will eat through your savings at a good clip, much faster than you ever thought possible.

What do you do in the event of an injury that lays you out flat for the short or long-term? More insurance industry gurus recommend you have savings of up to six months in order to pay expenses. How many people actually do that? Not many and therein lies the problem. There is a solution to this problem though and it involves short term disability insurance.

Short term disability insurance is available to offer protection to people who don’t have significant savings or for those who can’t pay bills out-of-pocket if they are laid up. In fact, short term disability insurance pays out a percentage of lost wages that ranges anywhere from 50 to 70 percent. That however does depend on the policy, and for a policy that pays out at a higher rate it’s smart to talk to an expert insurance broker who can fill you in on what you need to know.

Here is how a policy like this may work. It makes a payout for a specified time period that may be anywhere from 10 to 26 weeks. While that might not seem like a long time, it’s not meant to be. It’s considered to be a safety net to help a temporarily disabled worker pay their bills for a short time.

Coverage like this is quite often obtained through an employer or even as a part of a worker’s group policy. While that might be a nice thing, you need to know that generally speaking, there are some hoops you may have to jump through. For example, your company might want a doctor to certify your disability, or you might have to use all your sick days first.

As with many insurance contracts, each one has different things that will either benefit you or not. This is one of the major reasons to speak to a fully qualified health insurance broker to get a full explanation of the policies you may be considering.

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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Wednesday, December 2nd, 2009 Articles Comments Off on Short Term Disability

The Necessary What-Ifs of Life

One necessary “what if” in life is life insurance, but during this recession, life insurance seems to be the “last” thing that people buy.

Buying life insurance during a recession is one of the last things that people tend to do, rationalizing that any spare money they have needs to go toward keeping food on the table and a roof over everyone’s heads. It goes without saying the many business sectors have been drastically affected by the stunning drop in the economy, and the life insurance business is no exception.

You should be aware that despite the tough times, life insurance “does” make a great deal of sense. It is one of the smartest investments you can make. What makes life insurance slightly different from other financial sectors is that most bill payments are binding and can’t be allowed to lapse without some serious consequences.

Life insurance may lapse if the premiums aren’t paid, but that is all that happens. The insurance lapses and you don’t pay any more premiums, but then, you don’t have life insurance coverage either. Yes, many people think that buying life insurance for those “what if” things that “might” happen in the future is not as necessary as buying food, etc.

Recognizing this, life insurance brokers have been taking a hard look at the products they offer. These days many life insurance companies are asking themselves what they need to do to retain their customers. On the other side of the fence, many customers are thinking that they can do without life insurance until their economic situation improves, and resume the same level of coverage when they are ready to start paying on premiums once again.

This is a misguided assumption as age is a critical factor in buying life insurance and in determining the premiums. This is a risk factor that all life insurance companies use to insure consumers. The older you happen to be, the higher the risk of the life insurance company paying out. That means higher premiums or a smaller sum on payout on death. Put another way, letting your life insurance lapse may mean your life insurance will be “more” expensive when you resume coverage than if you have kept the policy in force.

Perhaps the most critical point to remember is that life insurance is intended to take care of those left behind in the event of a death; to provide them with a safety net if you will. With insurance companies re-evaluating their customer service approach, there may be incentives available for you to retain your life insurance policy even during rough financial times. Ask your broker what options may apply to you.

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, November 5th, 2009 Articles Comments Off on The Necessary What-Ifs of Life

Millions Don’t Have Life Insurance

It’s true, millions of people do not have life insurance and when life throws them a curve, it may spell disaster.

A little long range planning for your life is a smart thing, particularly if you have a family to care for and responsibilities to handle. Consider the case of the young family whose father was the picture of health at the age of 38 years old. Then one day, something went wrong and it was discovered that he had stomach cancer.

A few short months later, the young father died leaving two children and a wife to grieve for him and a pile of bills to boot. The thing that makes this scenario different is that this young dad had life insurance and because he did, he was able to provide for his family, even in death.

Life does have a way of biting one when they least expect it and it’s usually a good idea to be protected for those “what if” moments that tend to come along. Life insurance doesn’t have to be really expensive or even have a lot of bells and whistles, but if does need to keep your family safe. For this reason it’s a smart thing to speak to an expert life insurance broker who knows what products will suit each individual.

Statistics indicate that there are almost 68 million Americans who have no life insurance at all and conversely, those who do have it, often don’t have enough to cover what they need. This is where it makes good sense to speak to a life insurance broker with extensive experience in making sure your life insurance “thinks ahead” of you for just about any eventuality. Nobody wants to die early or suddenly, but it does happen; that “is” life, and what “life” insurance is all about.

One of the questions people ask most often is when they do decide to purchase life insurance, just how much they will need? Actually, the better question to ask is what would you like to have happen in the event of a death? Put another way, what do “you” want?

The more questions you ask, the better it is to get a life insurance policy and package that suits your unique needs. Dealing with a life insurance broker who knows the ropes is the first step in a lifelong relationship; one that will stand you in good stead if something ill fated transpires.

For instance if you think far enough ahead to make provisions for your family, they will not need to move out of their family home should a parent die suddenly. Nor will they need to substantially alter their lifestyles if they have the right plan done in concert with your life insurance broker.

While life goes on no matter what happens, it’s a smart thing to plan for the unexpected, even if it doesn’t happen. Being prepared for those detours in life is what life insurance in all about. You can’t get a better deal than knowing your family is protected should you not be here. Planning ahead and having the “right” life insurance means not having to deal with financial distress as well as emotional distress.

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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Monday, November 2nd, 2009 Articles Comments Off on Millions Don’t Have Life Insurance

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

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

Major Medical Popular

Over the years, major medical (catastrophic) insurance has become the darling of young professionals.

The reason major medical seems to be so popular is because it’s totally affordable and will offer outstanding protection for major medical problems when they arise. While it’s a good Florida health insurance plan, it still should be examined in-depth before anyone makes a decision to buy it.

All Florida health insurance plans have their pros and cons and those need to be taken into consideration when buying health insurance. Never leap before you look is a good rule of thumb when considering various types of Florida health insurance. In order to figure out the good and the bad of major medical, start by finding out what the advantages and disadvantages are with this plan.

Let’s take a look at a few of the advantages of major medical. For instance, we already mentioned it is very reasonably priced. The reason for that is because a younger person, in good health, may have Florida health insurance quotes on premiums as low as $40 a month.

Plan coverage is also very attractive for those “whoops” moments we all seem to run into in our lives. Major medical Florida health insurance would pay quite a large amount of the bill because it is deductible based – meaning the insurance company forks the dollars over to the medical provider and just takes its deductible.

Having mentioned the deductible, this may also be a disadvantage because the higher the deductible, the more affordable the insurance plans. This means that policyholders will be coughing up a large chunk of change to cover medical bills. Also, keep in mind that this kind of plan is “only” for major medical events, not something like a condition that needs regular medical visits.

So, take a look at the pros and cons and then make the decision about what you want and if you think it will be a good risk for you to take. Before making the plunge, talk to a qualified, licensed Florida health insurance broker who knows his stuff; that might help you make up your mind as well.

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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Wednesday, August 5th, 2009 Articles Comments Off on Major Medical Popular

Practical Solutions for Cheaper Medications

If you want to cut costs for your health care expenses, use generic drugs.

We all know that health care these days is really pricey, and the costs just keep escalating. It’s no particular secret that Americans tend to overload and overwhelm our current health care system. Far too many people use a hospital as a doctor’s office, run to a physician with a minor problem or just visit the doctor to ask about a new medication. In other words, we are using the system in ways it isn’t supposed to be used. This ought to make you give serious consideration to taking a look at your own habits when it comes to using the medical system.

No one is saying you have to be a crusader for others, to stop them from overusing the health care system. However, there is something to be said for taking responsibility for your own habits. What you do will make a huge difference in how much money you save in the long-term. Think that is a load of baloney? Give the matter some thought first, before deciding one way or the other, and keep reading for some ideas to cut your health care expenses.

Want to save mega-bucks on drugs? If you do want to cut expenses on your medications, then shop online by using mail order pharmacies. Make sure they are reputable of course and then go ahead and order. It doesn’t matter where they are located – either in Canada or the U.S. – because the bottom line is saving money. So ultimately, you will be looking for the best prices you are able to find. Hint: sometimes cross border online shopping will net you a month’s supply of meds for $15 instead of what you’d pay at home at the pharmacy – say $150. Saving that kind of money every month is pretty attractive to say the least.

Paying less for meds makes a significant difference in the amount of money you shell out every month. This of course means having money for other things that are needed for your family. You work hard enough as it is for your money and paying less for medications is very enticing.

Hint: buy generic drugs. You really don’t need to use a brand name drug when a generic one will do. Besides, it will save you even more money. Many people think that generic drugs are not as effective as the old standby brand name drugs. This is not the case. The only differences between brand name and generic drugs may lie in the coating or pill size, but the way they work is the same as brand name drugs. The drug is the same; it’s just that a big name Big Pharma company didn’t manufacture it.

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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Wednesday, August 5th, 2009 Articles Comments Off on Practical Solutions for Cheaper Medications

Health Care Insurance Co-Pay or No Pay

There’s a big difference between having a co-pay plan with an employer and having to put money out of one’s own pocket for medical expenses.

Not a lot of people really understand the differences between a co-pay situation and a no pay situation. The co-pay is an arrangement with an employer to pick up part of the doctor’s bill after a visit. This is actually a “benefit” not insurance, although many people think it is insurance. In any other circumstances, meaning not having a co-pay arrangement through an employer, the person will be paying the doctor’s office fees themselves.

If you leave the company you work for and you had co-pay benefits, then you will now have to get your own health insurance. Someone who has been used to having that nice co-pay benefit figures they only have to call an insurance company and ask for that insurance. Granted it is a type of insurance people may get, however the deductibles are staggering for an individual, as this is usually something a large company offers to workers.

If you’re used to the co-pay arrangement and would like to stick with that kind of arrangement, talk to your local insurance agent and find out what suits your needs and your special circumstances. If your insurance company is worth its weight in gold, they will take the time to walk you through the various other alternatives you might want to consider. This is one of the main reasons why it makes sense to stick with local health insurance agents, because they know the lay of the land.

It’s difficult to change from insurance that you are used to and find something similar to what you had when you were employed. Many people find themselves kind of stuck when they expect one thing and wind up not being able to get it, or be able to afford it. If you take the time to talk to a local health insurance agent, they will be able to assist you in choosing something that will work for your new situation.

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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Wednesday, July 1st, 2009 Articles Comments Off on Health Care Insurance Co-Pay or No Pay

What You See May Not Be What You Get

While you might see a great health insurance quote on a website, “preferred rate” is what it is called; it does not always mean you will get that rate.

The fact is that when health insurance companies figure out health insurance rates, they have a “preferred” rate for someone in tip-top shape. Unfortunately, not all of us happen to be in that kind of shape. Your rates are figured out depending on what your health conditions happen to be. If you happen to have a health issue or two, then this will likely mean you will be moved to a different category and have a different rate to pay.

Even if you decide to do an online search for health insurance rates, you need to remember that if you have asthma, stomach problems or allergies, this will make a difference. Not telling the health insurance agent that you have these conditions is not even an option. If you go for treatment for them later, this discrepancy will be caught later and your insurance may be canceled.

The reality of today’s world is that virtually everyone from you to your next door neighbor is being treated for something by a doctor. So, if you are getting allergy medicines, stomach pills or inhalers for your asthma, this will affect the rates you are quoted.

It doesn’t mean you won’t get insurance, it just means your quote will be different than the person who is in super shape and has no pre-existing medical conditions. You may, in some instances, be uninsurable depending on the condition you have. However, this is something you need to discuss with your health insurance agent. Usually there is some other alternative “if” that happens to be the case.

If you figure that by talking directly to the health insurance carrier that it will make a difference in your rates, you’d be wrong. The reason for that is that health insurance rates are federally mandated. Ultimately the differences in pricing will be attributable to what criteria the health insurance company uses to assess risk. Just remember that if the rate you see on the website isn’t applicable to you, there will be one that will apply.

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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Wednesday, July 1st, 2009 Articles Comments Off on What You See May Not Be What You Get