Long-Term Care Insurance

Long-Term Care Insurance is a product that helps provide for the cost of long-term care generally not covered by Health Insurance. Long term care is needed when an individual is unable to perform regular activities like walking, eating, bathing, dressing or toileting due to old age, injury, mental or physical illness. Long Term Care Insurance generally covers adult day care, hospice care, home care, nursing homes and visiting nurses. It will also pay for live-in caregiver, housekeeper and private duty nurse. Read Full Entry

Importance of Health Insurance

With the high cost of health care today, more and more people are now realizing the importance of getting a Health Insurance. Health Insurance is the best way to get covered in case of accident or severe health issues. Medical bills will definitely be reduced when you invest in a good Health Insurance.

There are different ways you can get a health insurance. You can acquire it through an individual plan. This is for the self-employed and those whose employers don’t offer this benefit. You need to pay for this yourself but this is cheaper than paying for astounding medical bills. Read Full Entry

Cancer Insurance

Cancer is an illness whereby cells within the body increases uncontrollably and is able to kill nearby body tissues. Cancer cells spread to other parts of the body through blood and lymph system. There are more than a hundred types of cancer known today whose names are usually named for the organ in which they start. Colon cancer, breast cancer and bone cancer are some examples. Read Full Entry

Health Insurance: HMO vs. PPO

HMOs and PPOs are the two most common health care plans available. In this article, we will discuss further what these two plans are and the positive and negative points of both.

What is an HMO?

HMO or Health Maintenance Organization is a tightly organized healthcare provider that is in contract with insurance companies agreeing to provide service at a pre agreed price. In an HMO plan, your out of pocket expense is kept to a minimum. Premiums are much lower compared to other health plans. However, HMO plans are restrictive. You are required to choose from the doctors on their list. If you need a specialist, you have to get a referral from their primary doctor first.

You are also covered for some lab tests and hospitalizations. Some tests are needs to be pre-approved first before you can have it done. This make take days or weeks especially if the test is debatable. For hospitalization, the fewer days you are there, the better for the HMO provider.

What is a PPO?

PPO or Preferred Provider Organization also have contractual agreements with insurance companies but are more flexible than and not as restricted as HMOs. You can choose almost any doctors even those outside the providers list. But with fewer restrictions, comes higher cost. You will not need a referral if you opt to see a specialist but it may cost you more than seeing a preferred listed doctor. Health care providers usually reimburse a maximum of 80% of the specialists’ bill. Read Full Entry

Short Term Health Insurance Defined

Short Term Health Insurance Is designed for people who need coverage to tide them over until they get their comprehensive coverage. Those who are between jobs, frequent travelers, temporary or part time employees and recent graduates who are not covered by their parent’s policy anymore are most likely to benefit from this plan. Short Term Health Insurance is limited from 6 months to 12 months coverage only. Here are some of the advantages and disadvantages of Short Term Health Insurance.
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