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1/8/2009
Thursday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| Note that its often illegal for the doctor to offer you, as an
insured patient, a discount. He cannot waive the copayment, even
if he wants. However, in the past, some hospitals were getting
secret discounts from the insurors, even beyond the official
discounts. Anyone in the insurance industry care to comment on
whether this still occurs? |
| www.insweb.com
chk: Learning Center
or This from www.clarkhoward.com
(certified tightwad)
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Consider your own situation to see if life insurance makes sense for
you, how much you need, and which type of life insurance would be best.
If your family would be unable to make the mortgage payments without
your income, you need life insurance.
??Life insurance is meant to replace your income. My rule of thumb
is to buy an amount equal to six times your annual salary.
??If both spouses work, both should have life insurance to replace
their own income. Dont buy insurance on your children.
??There are two primary types of life insurance. Term life coverage
provides a payment only if you die. Whole life builds a cash value and
serves as a savings vehicle.
??Buy whole life only if you can afford it and can dedicate yourself
to making the premium payments for at least 15 years.
??If you decide to get term life insurance, the best way to buy is
by cal. |
| 3. Concerning the comment about reading the contract, that would
be nice if the insurance company would let you. Unfortunately,
all the important parts are confidential. Im talking about what
theyll actually pay for a specific service. That is, suppose
youre unconscious and go to the doctor. You wake up long enough
to ask his fee, say $200, and remember to ask whats not covered,
say ambulance, emergency room, who knows what. Ok, are these
amount within your policys guidelines? Ask your company, if you
can. Remember that many hospitals ban cell phones. The company
wont tell you. You wont find out until you submit the claim. |
| What type of insurance should you get? Consider only level term
insurance. Its a pure and simple death benefit with no savings attached
(no tax advantages). Premiums are guaranteed for the term of the policy.
You should consider a term policy for the number of remaining years
until retirement. For example, if you are now 35 you should consider a
30-year level term policy. If you are 45 years of age, consider a
20-year plan. One rule of thumb is to take out a policy amount that is
at least 10 times greater than your annual income. If you currently make
$25,000 per year - take out a $250,000 policy. Keep that policy in mind
as your income increases through the years. |
| If you still have problems, state attorney generals tend to be one
source of help. Your state department of insurance may also have a
consumer complaint department. |
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