New trend in long-term-care plans – Cash Benefits
2012 March 5 by Peter
Is a Cash-Benefit Health Insurance Policy Right for You?
Many years ago, most long-term-care insurance policies were deemed to be “reimbursement” plans. This meant that policyholders would receive a reimbursement amount of benefit dollars – up to certain policy limits – for the actual amount that was spent on qualified covered services.
Today, however, there is a new trend in long-term-care plans – cash benefits. With these types of policies, an insured will be sent a check from an insurance company for the amount of covered monthly benefit on the policy, regardless of the actual amount that will be spent on care.
In fact, in some cases, as long as the policyholder qualifies for benefits, the cash may or may not even need to be spent on care at all. With these plans, unlike with traditional long-term-care insurance policies, there is no list of covered benefits or services, as there is no requirement that receipts be submitted to the insurance company. Continue reading »
Health Insurance Options for the Self-Employed
2012 February 13 by Peter
Contractors, freelancers and sole proprietors – are eligible for two primary categories of insurance.
Although being your own boss has many benefits, one of the necessary evils is that of securing your own health insurance. But never fear – there are options available, and they may not be as costly as you may think.
Self-employed individuals – including those who are contractors, freelancers and sole proprietors – are eligible for two primary categories of insurance that are available: individual health insurance coverage and group coverage.
Opting for an individual policy may carry a higher premium amount. However, oftentimes these types of policies are necessary for self-employed persons who have preexisting conditions. This is because each policy is actually written based on the covered insured’s individual medical history. Continue reading »
Planning To Travel? Don’t Forget About Your Health Insurance
2012 January 19 by Peter
Many health
insurance policies don’t cover health problems when policyholders travel internationally.
Now that we are in a new year, thousands of people across the nation will take to the air or the roads to visit family or simply take some much-needed vacation time.
For most people, travel sparks good times and relaxation. But those who travel outside of the U.S. could find themselves without medical coverage. And if an unexpected illness or accident were to occur, it could mean big expenses.
Many health insurance policies don’t cover health problems when policyholders travel internationally. Therefore, traveler and emergency insurance can be a great help should an accident happen or sickness occur while in a foreign country.
Did You Know? Medicare Stops At The Border
2012 January 16 by Peter
It’s true, Medicare stops at the border.
Don’t leave your medical care to chance! Traveling abroad can be an exciting adventure, but what happens if you become ill or injured during your journey? Medicare and many domestic plans offer very little or no coverage for international travelers. International Medical Group® offers Patriot Travel Medical Insurance®, a plan that provides a wide range of benefits, 24 hour availability, and services designed specifically for those traveling outside their country of citizenship. Continue reading »
Short-Term Health Insurance
2012 January 9 by Peter
How Short-Term Health Insurance Can Help You Out
It is estimated that roughly 16 million Americans will purchase temporary health insurance coverage this year. That number includes:
- Those who have been laid off or are between jobs and have found that the cost of Consolidated Omnibus Budget Reconciliation Act (COBRA) insurance is too much
- Recent college graduates who are seeking work but have lost their student coverage plan
- Those who have lost their dependent status under the health coverage plan of their parents
- Individuals who have recently been discharged from the military
