Tag: insurance

Things You Shouldn’t Do While Buying A General Health Insurance

A good many article and expert blogs are available on the web that help invest smart in general insurance plans. What really lacks is a list of things that you must keep away from.

Here you go-
1. Stop Looking For Extra-
Indian brands and perhaps, global insurance brands,too,offer extra in order to cash in more. Customers being innocent get trapped and pay more to stay more secured. However, these extra values are of no use if you can manage your health conditions properly. Moreover, by not taking extra facilities which are known as frills, investors save more and get complete peace of mind.

2. Don’t Be So Frugal-

People always go to sites to compare the premiums. Comparing and buying is good, but not in case of a general health insurance plan. You must understand what the plan has to offer you and how it would benefit you in the long term. A general health insurance is a long term insurance plan that has a lot of complex clauses and sub clauses. This is where you have to go through the documents from start to finish and understand the benefits and terms that a plan has to offer you.

3. Don’t Go for Products That Don’t Cover You Lifetime-

A health insurance plan that doesn’t cover you for the lifetime is not an insurance at all. With the advancement in medical science and availability of doctors and medical aid, life expectancy becomes at least 70 years on an average. This is why a plan must cover an insurance policy holder for this time period. Instead of looking at the prices, choose a product that offers more 70 years of renewal age.

4. Premium Change Facility In The Long Term-

With the help of this facility, one can simply decrease premium. Generally, insurance companies offer a same-rate policy for citizens above 45 years of age. Moreover, there is a tendency of changing premium after this age because people like to save their hard earn retirement savings in the days of their retirement. This is why is for sure essential and it must accompany the change-it-later facility.

5. Don’t Fight The Battle Alone-

With the the help of an advisory , one can simply get the right way to go and take the right decisions. Playing the game alone could make your stay a bit complicated for you. Choose a brand that offers adviser helps to all.

The Bottom Line- If you follow the guidelines that have been detailed here, you get a chance to invest smart and get maximum benefits from your plan. Try shopping a plan that lasts till you are alive and offer you the best facilities to cover your emergency situations. Choose a plan and gets started at the right time.

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Covering Assets With Fitness Insurance

Fitness insurance can cover a wide array of areas having to do with the fitness world. These policies cover anything from group fitness instructors, mind-body and yoga teachers and personal trainers to fitness centers, health clubs, gyms and studios. There may also be other insurance policies to cover areas in fitness and wellness such as dance instructors, life coaches, martial arts, Pilates teachers and reiki practitioners. Equipment used in wellness activities can also be insured. In this area, it is very important to find coverage tailored specifically for the fitness industry.

For instance, a health club offering yoga classes may want to look into coverage for its instructors. A basic package may offer $2,000,000 for each occurrence and a $4,000,000 aggregate limit. One should also consider a miscellaneous professional liability policy to protect against any bodily injury because of either performing or not performing services. As a professional, a yoga instructor should also look into personal injury liability coverage for protection against lawsuits that involve libel, slander or wrongful invasion of privacy and possibly even sexual abuse liability coverage.

A fitness insurance policy covering the whole health club will involve many of the same types of policies as found with those in a yoga package but to different extents. A health club package can include activities and areas of a building including courts, group exercise, Jacuzzi, suntan booths, swimming, weightlifting and whirlpool among others. In some states, it may also be possible to include building and personal property or home liability coverage as well as a policy that covers both renter and landlord of a rented facility.

There are also policies tailored for personal trainers that help them build a basic business strategy as well as keep an image as ethical, professional and serious. Like yoga instructors, personal trainers need personal injury liability to protect against lawsuits that threaten their reputations. However, coverage may need to extend beyond health club facilities to include all locations including clients’ homes. In this case, liability and trip and fall coverage is essential for those who offer training services including athletic trainers and sports conditioning professionals.

Fitness insurance can also cover a wide range of other areas including bonds, employment practices liability, general liability in areas including professional liability and tanning, property, umbrellas and worker’s compensation. One may work with an agent or broker that is familiar with insurance targeted toward the fitness industry in order to find the best policy possible that covers all needs whether working for a health club or as an individual instructor or trainer. It is important in this industry to protect one’s reputation as well as assets to maintain a successful presence in the world of fitness and wellness.

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Health Insurance Companies And Fast Food Chains

Generally speaking, when one thinks of health insurance, fast food does not readily come to mind. It would seem that these two industries would be somewhat competitive, one encouraging healthy eating habits, and the other discouraging them by offering bigger and bigger portion sizes of fatty, greasy foods. In reality, however, this is not at all the case.

If everyone was healthy all the time, exercising regularly, eating healthfully, and getting the right amount of rest, health insurance would not be needed. Insurance companies want to ensure that this will never be the case by quietly partnering with fast food chains to decrease the health of the American and Canadian populations.

A recent study published in the American Journal of Public Health reveals that the top health insurance companies in the United States and Canada own almost two billion dollars worth of stock in some of the most familiar fast food chains such as Burger King, Taco Bell, KFC, McDonald’s, and more.

In addition, pharmaceutical companies are getting in on the deception as well, all in search of the almighty dollar. Many of America’s top pharmaceutical companies own major shares in some of the most popular vitamin companies. While this may seem like an innocent endeavor, think again.

Pharmaceutical companies make their money by selling medicine to sick people. Investing in something that has the potential to help keep the population healthy, such as vitamins and minerals, would seem to be counter-intuitive on the surface. However, it is what is beneath the surface that matters in this case.

Investors with major stock in any company have a say as to the direction products may or may not go. With no regulation from the FDA on vitamins and minerals, it is really anyone’s guess as to what is actually in the tablets you purchase from retailers. While there is no valid assertion that there is any poisoning going on, it would certainly behoove the pharmaceutical companies to ensure that these tablets are in reality useless to health.

These two examples show that the medical industry as a whole, including health insurance companies, is not driven by quality patient care and well-being, but rather by profit margins. This finding is undoubtedly disturbing, but there are some steps you can take to ensure that you are not a victim of these underhanded profiteering schemes.

Purchase health insurance. While this may initially seem counter-intuitive based on the previous information, you are protecting your financial future by insuring your health. Many people have faced financial ruin as a result of an unexpected illness or surgery that came about while they were not insured.

Do everything you can to be as healthy as possible. Eat healthy, exercise regularly, practice stress control methods, and get enough sleep to function at your peak. See your physician regularly for check-ups to catch any potential problems early. And perhaps most importantly, stay informed of both current events and recent medical research.

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Save Money With Private Health Insurance

It was never a cheap option for a health insurance and recent research shows that health insurance premiums are at an all time high. Medical insurance is very much important these days because hospitals are no longer accepting patient not having medical insurance. You can buy an affordable health insurance policy and we here offering you some useful tips for that.

Choose Standard Health Plan

You have two options for private health insurance in uk, first one is the standard health plan and other one is comprehensive health plan. If you opt for standard health insurance plan then it will give you below coverage:

Basic hospital treatments
Emergency care
In-patient and daycare sessions
Diagnostic laboratory tests
Physiotherapy sessions
Home nursing
Online health service

These plans are more reasonably priced than comprehensive private health insurance plans. Standard plans are sold by insurance companies under various titles such as Assure, Primecare, Saver etc.

Search Around For Discounts

There are hundreds of medical insurers in UK that made uk insurance market so competitive, and this situation gives an opportunity to buyers to have an affordable health insurance plan. You just need to perform a detailed search, dont just blindly opt for an insurer that looks good on paper or is advertised heavily on the telly. Zone in on those private medical insurers that offers you value for money in terms of packages, discounts and benefits. There are a large number of private health insurers that offer cash plans, money saving discounts and attractive benefits.

Some of the companies that you can check out are:

Pruhealth Insurance Company: This is a subsidiary of Prudential Insurance offers several health insurance plans that suit all types of finances. There are three types of plans you can compare on their website: Core, Essential and Comprehensive.

AXA PPP Healthcare: AXA PPP has four types of health plans you can purchase based on your budget. The first plan is Assure that covers for surgical procedures, cancer treatments, scans, hospital bills, specialist fees and lab tests. The second plan is know as Key and it includes all that is in assure plus up to 300 benefit and psychiatric treatments. The third plan is called Ideal and it covers up to 800 per year. The fourth plan is known as Premier and it has no annual maximum for outpatient treatment.

Patient Choice: Patient Choice has a long list of health insurance providers from which you can choose a health insurer, or compare prices of different providers at different cost levels. You can also have a look at their affiliated doctors, hospital networks and clinical facilities.

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Health Insurance For Independent Contractors You Are Not Alone Dear

Health is said to be the most important possession one can ever have. People may have a lot of money or no money at all, but with a good health it becomes easier on your part to grab what you deserve. Do not believe me? Just have a look around. You will find numerous examples of highly paid officials who cannot sleep at night due to health problems, let alone mental health. On the other hand, just have a stroll in the national park. Penniless folks are enjoying long naps even without knowing what will happen after they get up. So I think that one instance is more than enough to make you understand the necessity of health insurance.
On the other hand, health insurance comes in a lot of categories. Different people have the need of different types of these insurances. Nevertheless, it often possesses a threat to those who are not full time employees or those who are newly in the list of entrepreneurs. Basically these people do not have any sort of full time employee benefits and it makes them go on without any insurance benefits. For this, sometimes they have to purchase their own insurance or simply they need to plan something for themselves.
Well it is not always true that they will be able to get what they need. Sometimes they fail to meet their expectation or companies providing Health Insurance for Independent Contractors do not show that much interest in making the right policy for them. In our case, we have kept a close look on the credibility and acceptability of our policies so that the independent contractors find it easy to adopt our benefits.
To be specific, our company has always been great in serving the customers. Our Health Insurance for Independent Contractors include insurance for medical treatment, retirement benefits, insurance for liability, insurance for disability because of accident, property insurance and what not. Selecting a proper plan is also important for new entrepreneurs as it has something to do with the reputation of the company and its future. For this, you can rely on us as we have a long and enriched history in this domain. Though these policies are generally more costly than the regular plans, we have a long term benefit plan for independent contractors. If you are starting the plan as an independent contractor and then if you want to move up to a full time position, you have the freedom of doing so by providing official papers and the approvals from the government.
So what are you waiting for? Simply step ahead a bit and reach our customer service points. We believe that you will find it very convenient on your part to choose the best option for you. In addition to that, we will provide you with the specific details of the products that you are interested in. So choose wisely and then go for it as you want.

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Types Of Claims Covered Under Medical Malpractice Insurance

In case you have suffered from a fraud due to medical misconduct, you might take help from medical malpractice insurance. Another reason for you to appreciate this is because there are many types of this kind of insurance.

In this article, let us discuss the main types of medical misconduct protection policies and their coverages.

Claims-Made Insurance Coverage: A claims-made insurance coverage for any kind of medical misconduct is specially designed to provide protection throughout the period in which the insurance is in force and active. Thus, if an individual is willing that his/her insurance claim will be accepted by one of the many medical malpractice insurance companies, the claim would be required to get filed during the period when the insurance coverage is active.

However, later, if a doctor, surgeon or any other medical personnel decides to switch to some other insurance policy or cancels the policy, the policy will be no longer be able to accept any future requests to claim the amount of the medical insurance, even if, the alleged neglect took place while the insurance was active.

Factually, the medical malpractice insurance rates Illinois for this type of policy are by and large more affordable than some of the alternative options since the period of insurance is limited and eliminates the potential of future liabilities.

Tail Insurance Coverage and Preceding Acts: The claims-made insurance coverage is usually taken out by the medical professional, tail insurance coverage provides some extra benefits. In case a medical personnel is willing to have some extra assurance over the liability coverage for such an insurance claim that might be reported after the relapse of the standard insurance term, then, this add-on protection is probably highly desirable. This add-on protection is termed as tail coverage. When this extra coverage is purchased elsewhere, tail insurance coverage is referred to as preceding acts coverage.

Occurrence Insurance Coverage: An occurrence medical misconduct protection coverage policy offers wider coverage option. In this type of insurance coverage, claim can be filed at any time, however, the incident must have took place when the insurance coverage was in force. Also, it is immaterial that whether a policy has been canceled or expired as it reports an act of negligence. Due to the wider insurance coverage and high malpractice insurance rates provided by occurrence insurance coverage, it often attracts the higher insurance rates of medical misconduct as compared to the coverage rates of claims-made policies.

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Health Insurance And Claim Process

Comprehensive health insurance is the need of hour. With medical facilities becoming dearer day by day the working class can rest at peace only if they have a good health insurance policy in place. This would ensure that you get proper medical attention when required, without worrying about your savings.

How does health insurance work?

The purpose of health insurance is to raise finance when a medical emergency strikes. When you purchase a health insurance plan you are provided with health care card and list of network hospitals where you can avail treatment without paying anything from your own pocket. If you are going for a planned treatment, just intimate your health care provider and the name of network hospital so that your provider can send approval to the hospital authorities in advance and you can seek treatment. In case of emergency treatment, inform the authorities as soon as possible. Even if the approval takes time, go ahead with the treatment and later on file the claim. If you seek treatment in non-network hospital even then you can file a claim and get reimbursement.

How does insurance claim process work?

There are two types of claims:

Cashless settlement: If you avail treatment in network hospital, the claim is directly settled between the insurance authorities and hospital. This is one of the best facilities provided by health insurance providers as at times arranging finance at last moment leads to delay in treatment which can prove stressful.

Reimbursement: It may happen that you face an emergency and rush to the nearest hospital to get the treatment, which is not on the network of your health insurance company.. In this case, you can file a claim for reimbursement after discharge.

To file reimbursement you need to submit the following documents in original:
Discharge summary
Lab investigation reports
Doctors prescription
Medical bills

While applying for reimbursements pay heed to the following:
Fill in the reimbursement claim form and submit it timely
Check the stipulated time frame in which you need to submit the documents. Generally, it is 30 days post discharge
Read carefully list of all the documents that need to be submitted
Pre and post hospitalization expenses are also covered, so do read the related policy carefully

The insurance claim process is not a tedious task as assumed by many provided you follow the process carefully and timely. Health insurance is a facility for people to make their life easier. Hence, get a comprehensive health insurance and live peacefully.

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How Does Medical Billing Software Help Ease The Process Of Insurance Claims

In this day and age where everything is turning digital including books, magazines and utility billing statements, it is not so much a surprise that insurance companies prefer if they receive your claims with a digital copy of the billing from their partner hospitals. How does one do this, you ask? Through the Medical Billing Software, insurance companies can be able to receive the exact details and information on the particular procedures and medicines that a patient/insurance subscriber needs.

Medical billing software and the Health Insurance Portability and Accountability Act (HIPAA)

The HIPAAs introduction pushed insurance companies to look for a particular software or system that can answer to the laws requirements. Under the HIPAA, which health workers must make use of to provide quality care without releasing confidential medical records, urges that medical providers must make their claims to health insurance companies by sending electronic records of their patients billing history. This will prevent duplication of claims, authentication of said claims and on-time payment.

Under the HIPAA, transmission of bills, financial and administrative dealings and reimbursements must all be done electronically through the Medical Billing Software. However, most insurance companies would still require for additional waivers and paper works from their clients and subscribers to ensure that no bogus electronic documentations are being received. This caused trouble for many hospital patients, especially those who do not have the time to send or personally present billing documents to their insurance agents. This is especially troublesome for hospitals and insurance companies that do not have the latest billing software yet that is programmed with the provisions of the HIPAA.

Because of such a predicament, software companies scrambled to come up with a new technology that will be compliant with the act. The use of will significantly decrease the paper works normally associated with health insurance claims. There is also less need to pursue and follow up payment between the two sides because all transactions are recorded electronically.

Easy insurance claiming through a billing software

The problem with a lot of hospitals is that insurance companies pay their bills late, which is why some are wary to receive patients holding certain insurance policies. But because most medical billing softwares are Internet-based, this makes it easier for hospitals to check the insurance policies of their possible patients shortly after they are admitted in the hospital.

By checking the insurance policy of a certain provider, any hospital would get to know the exact primary and secondary services that they can provide to a particular patient. Of course, a billing software will provide an easier way for claims and reimbursements to be processed. This equals to a fluid transaction between the insurance company and the hospital, which can then mean better customer service

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