florida life quotes
5 Conditions that raise Florida Life Insurance Rates Most
When it comes to Florida Life Insurance your health is the main factor in your premium. Fact, the healthier and more active you are the cheaper your rates will be.
Here are the Five Things that will will raise the price for your Florida Life Insurance
1. Heart Disease
2. Diabetes
3. Cancer
4. Obesity
5. Pulmonary Disease
For more information of Florida Life Insurance please contact Evan Tunis at 800.946.3157
Expect Longer Underwriting Times for Florida Health Insurance
A few years back Florida Health Carriers were bragging about how quickly health applications were being underwritten. For example is was quite common for an application written on Monday to be approved by Wednesday.
However due to Health Reform this is changing. Due to healthcare reform carriers are not allowed to rescind any policies in except for cases of fraud.
What does that mean for you? It means if you need Florida health insurance an application should be started at least 6 weeks before the effective date.
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insurance, visit http://www.floridahealthcareinsurance.com/.
Quick Ways to Save on Florida Health Insurance
- Have Previous Insurance: Many carriers charge quite a bit less if you have previous florida health insurance. For example if you are considering a United Health One policy you will save 7% if you have previous health insurance. This can include a short term medical plan or even a discount plan.
- Switch from Brand Name to Generic Medication: If you are applying for new medical insurance and take brand name medication you will pay signifigantly more then if you take generic medication. Several carriers will not rate you up if you take generic medication however all will raise your rates if you take expensive brand name medications.
- Go with a Higher Deductible: Rates drop dramatically when you move from a $1,000 deductible to a $2,500 or even $5,000 deductible. In addition with the savings you can apply for an accident insurance or critical illness policy that will pay all of your deductible.
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insurance, visit http://www.floridahealthcareinsurance.com/.
Say Goodbye To Child Only Policies in Florida
On July 12th, Blue Cross & Blue Shield of Florida will discontinue all new sales of Child Only policies. Blue Cross joins United Healthcare(Golden Rule), Assurant Healthcare and most other large carriers who have already made these changes.
Currently only Humana stands as the last company to offer these policies. If you have a child who needs an insurance policy please give us a call at 800.946.3157 or visit our website at www.floridahealthcareinsurance.com
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insurance, visit http://www.floridahealthcareinsurance.com/.
Florida Health Insurance Rates Expected to Rise
With Healthcare Reform already passed an unexpected consequence has begun to occur: the rising of health insurance premiums. Beginning in January of 2011 all carriers are required to have their medical loss ratio(MLR) be equal to 80%.
What does this mean for the consumer? Carriers need to make up for you loss of profit and since guaranteed issue Florida health insurance won’t occur till 2014 this is one of the few options carriers have.
So if you are thinking about getting health insurance or want to see if you can get a cheaper plan it is better to act sooner rather than later.
For more information call Evan Tunis at 800.946.3157.
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insurance, visithttp://www.floridahealthcareinsurance.com/.
Why you need Life Insurance Today
If you just about hit delete when you saw the title, HANG ON, I’m really serious about this for a very good reason. Prices for (meaning the premiums you pay) on term or non-permanent life insurance have plummeted just about 70% since they hit an all time high in the mid-90s. This trend just started to reverse and sneak up about 5% to 10% at the beginning of the year.
Wondering why the rates fell in the first place and if they could just stay down? Well, for term life insurance, the rates dropped for a number of reasons and the major one is that we’re living longer. If you outlive your term (number of years) the policy expires and you get paid absolutely nothing. What happened was that more people lived longer and their money went to the insurance company. When the insurance company made more money, they lowered their rates – a bonus to you.
Another reason term insurance premiums dropped is thanks to the Internet. Online shoppers started doing price comparisons while they were at home. Good for the shopper, but not so good for the insurance company who was losing business to the competition. The prices started coming down to be competitive which in the long run benefited everyone.
And the last reason why prices fell is linked to the stock market. What? At one time stock prices were fantastic and they aren’t now. What do stock prices have to do with insurance premiums? When insurance companies make money, they invest it. Their returns on investments offset insurance costs – or they have until the boom went bust. During the boom, insurance companies made money and that meant they could charge lower premiums. Since the stock market isn’t so attractive these days, premiums are starting to rise. The offset money has to come from someplace.
And here is what you need to know to make an informed decision about life insurance: the prices are at an all time low, but about to start going back up. To get what you need now would cost you less than if you waited. I’m here to answer your questions. Call me and we’ll talk.
To Your Health,
Evan Tunis
Florida Healthcare Insurance
561.637.8162/800.946.3157
evan@floridahealthcareinsurance.com
Changes in Florida Health Insurance Continue to Occur
Avoiding These Florida Life Insurance Mistakes
- Not considering life insurance at all. Life insurance forces us to take a look at our own mortality, a subject most people would prefer to ignore. In fact, one third of all adults have no life insurance at all.
- Relying on rules of thumb. When d eciding how much life insurance you need, avoid common rules of thumb, such as five to 10 times your annual salary. These are general guidelines and are not meant to be a definitive guide to the amount of coverage you need. You need to determine how much money your family requires annually to maintain their standard of living and how long they will need that money. Once you have these estimates, you can more accurately calculate the amount of Florida life insurance coverage for your family’s situation.
- Not evaluating your situation periodically. Your life insurance needs are likely to change over time. Thus, you should periodically review your needs to see if changes are warranted.
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.
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 insurance, Florida health insurance quotes, Florida life insurance,Florida life insurance quotes, Florida group health insurance visit Floridahealthcareinsurance.com.
An Analogy for the company’s we choose to work with!
Earlier this week I was working with a client talking about Florida Life Insurance. The question came up as to why our agency works with some companies which may be more expensive then others.
This was my response:
Why do people buy so many Toyota’s and no the cheaper model that is out there? Would it be because it has more features, seems to have fewer problems, offer the peace of mind and security that you want from something that protects your loved ones when they need it most. What about good service and low mainteance? And what if there is a problem. Don’t you want a company you know will stand behind their product and whatever they need to do what is best for the consumer. A car company that gives you the most bang for your buck without spending more than you need to. Well that is exactly the guidelines we look for when we choose the companies we choose.
Not always the cheapest but the most bang for your buck. The company we know will do what is right for their clients and the companies we can get things done with if things need to get done.
In other words, for the companies I was discussing with this client, the more expensive term company also provided more flexibility to both their term coverage and Return of Premium term products that other companies do not.
Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida life 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.