Insurance
We all know the importance of having insurance to cover our homes and cars, but what about our health? These days, a trip to the emergency room for a couple of stitches and a set of x-rays can set you back thousands of dollars. What happens in the case of a catastrophic accident or illness? You can jeopardize all of your assets with one major surgery, unless you protect yourself with medical insurance.
Medical insurance can be provided to employees through a group plan, or may be purchased by individuals or families if there is no company plan offered or if they are self-employed. Depending on the medical plan you choose, trips to the doctor, pharmacy, and hospital will be covered by co pays or deductibles. In the event of a major accident or illness, these plans will ensure that you have a “maximum out of pocket”, and you will not have to worry about losing all that you have worked for should you or your loved ones suffer from a chronic illness or extended hospital stay.
Most comprehensive plans will offer co pays for things like your doctor visits and prescriptions, or they will offer negotiated or discounted rates for these sort of things until you meet your deductible. Utilizing contracted providers will ensure the lowest rates possible. Once your deductible is met, you may then have coinsurance of a certain percentage, until you reach your maximum annual copayment. At that point, you will have 100% coverage for your in-network eligible services, and may only have to pay your co pays for prescriptions and doctor co pays thereafter. Some plans, including many of the Health Savings Account plans, will offer 100% coverage after meeting your deductible.
Major Medical plans are available to those only seeking coverage for accidents or illnesses requiring hospitalization. Many people will opt for these plans if they are looking for the lowest possible premiums, and are not concerned about paying for the day-to-day medical care out of pocket. Another method of reducing monthly costs would be choosing a plan with higher deductible, coinsurance, and out of pocket maximums.
- Association health Plans Explained
- California Law AB1672 Explained
- COBRA And Your group Health insurance Policy
- Common Group Health Plan Issues for Employers
- Employer Protection For Group health Plans In California
- Encouraging Your Employees To Sign Up For Your Group Health Plan
- FMLA And Your group Health Insurance Policy
- Frequently Asked Questions About group health Insurance
- Getting The Most Our Of Your group Health Plan
- Group Health Insurance and Employees Over 65
- Group health Insurance And Your Location
- Group Health Plans And Pre-Existing Conditions In California
- HIPPA And Your Group Health Insurance Plan
- How To Design The Best Group Health Care Plan
- How To Save Money On Group Health Insurance
- Keeping Your Employees Healthy
- Keeping Your Employees Healthy With Preventitave Care
- Narrowing Down Necessay Benefit Riders
- Presenting Your Group Health Plan Options To Your Employees
- Risk Managemant And Small Business Group health Plans
- Self-Employed Business Owners And Group Health Insurance
- Spotting A Bad Group Health Plan
- Switching Group Health Insurance Plans
- Understanding Benefit Riders
- Understanding The Risk Adjustment Factor With Group Health Plans In California
- Using Your Benefits Package To Entice New Employees
- What To Do If Your Group Health Plan Doesn’t Offer Prescription Drug Coverage
- What To Do When An Employee Leaves
- What Your Employees Need To Know About Their Group Health Insurance
- What’s The Best Group Health Insurance Plan For Your Employees?
- When Is It Discriminition?
- Why You Should Offer Group Health Insurance?
Business Insurance
- Active Duty Employees And Their Health Insurance
- The Basics Of Business Insurance
- What Is A Business Owner’s Package Policy?
- How To Spot Worker’s Compensation Claim Fraud
- Small Business And Disability Insurance
- Is Your Business Prepared For A Disaster?
- How To File Your Business Property Insurance Claim
- Home Based Business Insurance
- HIPPA Explained For Small Businesses
- Business Insurance And Taxes
- Liability Insurance For Business Owners
- Liquor Liability Insurance Explained
- Property Insurance For Business Insurance
- Selecting An Insurance Representative
- Risk Management For Your Small Business
- Saving Money On Business Insurance
- Insurance And Telecommuting
- Insuring Your Company Vehicle
- How To Handle A Worker’s Compensation Claim
- The Basics Of Workers’s Compensation Insurance