I was watching CNN the other day and there was this report of the result of a study which shows that a person dies every 12 seconds as a result of lack of insurance. I don’t know about you. To me, this is shocking.
It is very obvious that this is not the very best time to joke with our health insurance policies. With the high cost of health care, you can not dare to leave your health to chance.
These people who have died and who at every count of 12 seconds die are not suicidal. They are everyday people who would have loved to live to a full ripe age. They suddenly needed health care they couldn’t afford and because they had no health insurance coverage, they couldn’t get the necessary treatment they needed and their lives had to be cut short by circumstances that could have been avoided had they taken up an adequate health insurance plan.
Someone reading this might be wondering if the writer understands that some people can not afford to have a health insurance policy. This might be true. But one thing I know is true also is that some who can afford it either don’t know they can afford it or did not care enough to be covered. Besides, if you want to know how to find a health insurance policy you can afford, you would search for it and believe me, if you search, compare quotes, talk with agents, you would eventually have enough options from which to choose one within your reach.
1, 2, 3, 4, 5, 6,…9, 10, 11, 12 one person has died because of lack of health insurance cover. It is really sad. One thing I want to advise is that people should just stop waiting for the Government to change things. Start doing somethings for yourself. Make a move to protect your family, your loved ones and yourself. There are numerous health packages from which you can make a choice. Do not let your excuse be that you can’t afford it. Have you really searched for an affordable health insurance plan?
Go to quotes comparison sites. In fact, go to as many as you can and get and compare as many quotes as you can. You would likely find a policy that would work for your budget. You can also talk to insurance agents to find out what other options you may have.…
I was watching CNN the other day and there was this report of the result of a study which shows that a person dies every 12 seconds as a result of lack of insurance. I don’t know about you. To me, this is shocking.
All Americans should have the right to save for current and future healthcare expenses with pre-tax dollars. Health Savings Accounts provide some Americans with precisely that opportunity, but it is too limited in its scope to benefit the majority of the US. I love the concept of Health Savings Accounts (HSA), if you’re not familiar with them they are savings accounts in which money can be put away for future medical expenses on a pre-tax basis. In order to be eligible for an HSA you must be covered under a qualifying high deductible health insurance plan (HDHP). These are health insurance policies that typically cost less because they require their holders pay a high deductible (typically greater than $1000 annually). Unfortunately, the eligibility requirement to participate in a health savings account precludes the majority of the population from receiving a privilege that should be as basic as saving for one’s own retirement.
In a recent response from my Congressman, he suggested I consider using a sister product, the Flexible Spending Account (FSA). Although beneficial, the benefits of an FSA fall short of the benefits in an HSA; primarily because the balance of unused money in an FSA expires annually where an HSA rolls over from year to year. This is a monumental difference. With an HSA I have a means to cover current and future medical expenses which can accumulate to a retirement vehicle which becomes available for any purpose at age 65. The rollover benefit becomes an even greater benefit when you consider the funds in Health Savings Account are eligible to pay the premiums on Cobra. Contributing to an HSA provides financial resources to use should one lose their job. Americans can use their HSA to pay the necessary 102% of their health premiums through COBRA or they may roll the money into a less expensive high deductible health plan (HDHP) with the resources to meet the high deductible.
Let’s look at a couple of case studies.
Dick and Jane
Dick and Jane are engaged. Jane has been submitting $2600 into and HSA for the past five years. During that time she has only consumed $1600 in health care costs that means Jane has been able to build up a health nest egg of $11,400. After they are married Dick begins carrying Jane as a dependent on his health care plan which does not qualify as a high deductible health care plan. Under current laws, Jane would be forced to discontinue contributing to her HSA, but it if all Americans were eligible for this savings incentive she wouldn’t have that problem. Instead they could increase their contribution $5,150. After a year, Dick may lose his job, but the family has been able to save $16,550. Their healthcare nest egg provides Dick and Jane with additional options. They may select to continue their current coverage through COBRA or they can select an alternate health care option. If COBRA were to cost $400 a month they can utilize their HSA funds. With these funds they would have the means of paying for coverage for 41 months. They could also choose to purchase independent health coverage. Their $16,550 nest egg minimizes their risk on a high deductible healthcare plan. They could conceivable absorb a $10,000 deductible and reduce their monthly payment to about $200, or half the cost of their cobra payment.
Scott and Laura
In the scenario of Scott and Laura, Scott is a severe asthmatic. His condition leads to a hospital stay about once a year costing about $3000. He must also have continuing medication at a monthly cost of $112. Scott and Laura are both on her employer’s group health plan. They pay $112/month with a $500 deductible and a 20% coinsurance. Their annual healthcare responsibility is approximately $2610 with insurance or approximately $4340 without insurance. Their insurance saves them approximately $1700 annually from paying full price on their medical care. Their FSA saves them about 20% (their tax bracket) on their prescription charges. Because Scott and Laura will lose the money in the FSA if they don’t spend it by the end of the year, they only save the cost of Scott’s prescriptions. Now, if Laura loses her job their healthcare future becomes much less secure because Laura’s plan was not HSA eligible, they do not any residual savings from their health care expenses nor were they granted guaranteed tax savings from their medical expenses. If they keep the medical insurance they clearly need through COBRA they now need to pay $400/month. These annual premiums total $4000 alone meaning that Scott and Laura only save about $340 a year by having health insurance. This does not include the cost of any of the co pays. Keeping the insurance could increase their medical expenses to about $6000 a …
Canadian health insurance quotes can be easily obtained, thanks to the Internet. But getting the rates of each and every provider is not the only thing you should consider. In fact, there are a number of other important factors to be taken into account in order to guarantee that you get the best price for the insurance coverage that is most appropriate for you and your family. The steps below are designed to help you out.
1. Decide how much of a deductible your finances can afford to shoulder. The deductible is the specified annual amount payable by you towards the sum of all the medical expenses you have claimed from your insurance company during the year. Keep in mind that the higher the deductible, the lower the premiums. Hence, before obtaining Canadian health insurance quotes, determine the amount of the deductible that your budget can handle with regard to your yearly health-related expenses.
2. Check if you require supplemental coverage. Because basic health insurance provided by the Canadian government is limited, you may want to include supplemental coverage in the health insurance policy you are considering i.e. critical illness insurance, vision care, as well as other types of coverage. Critical illness insurance provides assistance in the event you are unfortunately diagnosed with any of the debilitating or life threatening diseases covered by the policy. Vision insurance covers various eye care services. Once you have determined which supplemental coverage best suits your situation, the Canadian health insurance quotes you obtain will better reflect accurate prices.
3. Determine whether getting coverage for prescription drug is necessary. Coverage for prescription medications is provided under the Canadian basic health insurance plans. However, you may be limited to a specified monthly amount. Hence, if you are required to take multiple prescription drugs whereby costs are not sufficiently covered by the government health plan, you might want to consider getting additional prescription drug coverage.
4. Consider how often and how frequently you travel. If you travel several times a year, whether for business or personal purposes, you should take travel insurance into account when researching Canadian health insurance quotes because basic plans do not typically provide coverage for individuals who travel for more than one week at a time.
5. Obtain multiple health insurance quotes every time. Without a doubt, getting health insurance quotes from a few insurance providers helps in your search for the cheapest yet most appropriate health insurance coverage out there. Fortunately, this task is made easier now that it can be readily done online. Simply fill out the online forms provided on the websites of the insurers you have selected, and you can get multiple quotes within minutes. Remember, if the information you provide is essentially precise, you will obtain quotes that are relatively accurate.
6. Compare plans based on the coverage and not on the price. As thrift-minded consumers, we often tend to buy the first, cheap health insurance plan we are offered. Now, this practice can initially save you money, but should a case of illness in the family occur, you may be left with insubstantial coverage. So when you are checking out insurance plans, make sure you do not assess them merely on cost, but also on the details of the coverage.
7. Opt to enlist the assistance of a third-party. Examining Canadian health insurance quotes can be tedious and time-consuming, but there is a way to expedite the process. A third party firm can review the various insurance health plans you have investigated so that the task of meticulously examining and comparing the insurance coverage is simplified. Not only will it save you time, but it will also enable you to make informed decisions.
Bear in mind that the insurance quotes you obtain online may not be exact. For that reason, it is essential that you consult with a health insurance agent in order to get precise calculations for the coverage you want and, at the same time, get answers to all your insurance questions.…
Consumer driven health care plans are an effective solution to continuously rising health care costs. Below you can read more about the two components of the most popular and effective consumer driven plan and you will find out how you or your family will benefit from using one.
Currently the most popular consumer driven health care plan arrangement is the qualified high deductible health plan coupled with a health savings account.
The Qualified High Deductible Health Plan
The first component of a consumer driven plan is the health plan. These plans are called “qualified high deductible health plans” and are designed to cover catastrophic medical expenses in the event of something big. However, they do not cover everyday expenses like office visits or prescriptions. As the insured it is your responsibility to cover the everyday stuff. The great part about these plans is that they are very, very affordable. Most people can save hundreds and more often than not, thousands of dollars per year in health insurance premiums.
The Health Savings Account
Once you have a qualified high deductible health plan in place, you are eligible to open a health savings account with your local bank or credit union. Once the health savings account is open, you are eligible to deposit money pre-tax into the account. This money is accumulated and saved until you have medical expenses. When medical expenses arise, you can use money from your health savings account to pay them, tax free. It’s the only kind of account like it in the world. Money goes in pre-tax, and comes out tax free.
This can add up to a significant savings on medical costs throughout the year. If you have money left over at the end of each year, it simply rolls over to the next year.
The Bottom Line
Qualified high deductible health plans together with health savings accounts provide a powerful financial solution to rising healthcare costs.…
The common saying that health is wealth holds true for all of us. Without a good and healthy constitution, we tend to lose out on many pleasures of life. Most of us work hard to earn a living and pay little attention to our health. Here are some healthcare tips that we could follow to enjoy a smooth, healthy lifestyle.
Broadly defined, health care includes the prevention and treatment of common illnesses that could hamper our daily progress in life. There are many such services that provide numerous healthcare tips and advice. These days it is also easy to look for the best healthcare tips online. There are several websites that deal with how to cope with common illnesses.
Irrespective of how well we take care of ourselves, we are bound to experience some sort of health complication every once in a while. This could be owing to the pollution in the air, the level of stress at work, and many other factors. Most of us catch common diseases such as the common cold and cough while commuting through public transport. Since most common illnesses are unavoidable, we can gain knowledge on healthcare tips to maintain good physical and mental well being.
Healthcare tips are beneficial not just for individuals with illnesses but also for those taking care of others. Advice from a reliable source can be of immense help for many people around the world. Most tips and advice focus on how to do the right thing and avoid what is wrong when you are ill or taking care of someone who is ill. Since you cannot be with your doctor all the time, it is really important that you have some knowledge about common diseases and how to avoid making them worse.
The value of good healthcare tips cannot be underestimated; at times they could even be life saving. There are many websites that offer daily newsletters and tips. It is a great idea to subscribe to one of these to stay updated about the latest research and findings on the health scene.
The internet is full of advice and tips on health care in the form of blogs, newsletters, and other online mediums. Most of these sites are interactive, allowing you to post your queries and questions online. You can also participate in the message boards and share your experiences with everyday health care. However, you will need to be careful that the health care website you visit is managed by a reliable medical professional. There are many sites out there that are not run by an authorised doctor, and are not reliable sources of the perfect healthcare tips.
Healthcare tips are not just about common illnesses, they could also be about general lifestyle, diet and other everyday activities. Health care is gaining huge popularity with the new generation of health conscious individuals. It is now fashionable to be healthy and eat wholesome, fresh food and consume invigorating, fresh fruit juices.…
While many Americans believe we are in one of the top countries for health care, the truth is we are not. While the United States’ healthcare is the second-most costly in the entire world, we rank a distant 37th in quality! While it may not shock you to learn that America is not the top country where health care is concerned, the fact that we are not even in the top 10 should certainly give you reason for pause.
According to the World Health Organization (WHO), France leads the world in quality health care. France is followed by Italy, Spain, and Oman, with Austria and Japan rounding-out the top 10. It must be noted that these “rankings” by the World Health Organization are actually some 10 years old now; this study was done in 2000, based on information compiled in 1997-1999. The World Health Organization no longer produces such studies due to the work involved, though it releases a new world health report every year.
Just to put things in perspective, the data, which the World Health Organization used to compile this ranking order, was most likely formatted on computers running Windows 98 – maybe even Windows 95! MP3 players were still relatively new and the entertainment industries were in an uproar over an upstart site called Napster. Bill Clinton was still in office as President. In many ways, 1998-2000 seems longer than 10 years ago.
In the last nine years, technology has advanced greatly, both in and outside of the medical field. As we all know, the United States is unquestionably a leader in technology. However, it does not necessarily follow that, because we are a world leader in technology, we are also a leader in health care – just as it does not follow that because we spend more on health care than almost any other country, we are a leader in the quality of that care. These statistics can be confusing, as the amount of money spent also reflects the fact that medical care in the United States is the most expensive in the world. Still, WHO found that access to healthcare in the United States has actually declined in the intervening years, meaning that, if anything, our ranking has probably slipped!
But it isn’t all doom and gloom: worldwide, health care has improved and improved the lives of millions. Fewer children (ages five and under) are dying, and Malaria rates have gone down. More people today have access to clean drinking water, which helps cut-down on disease and parasitic infestation, as well. All told, the worldwide health care outlook is very good, and much of this has to do with technological advancements made in the last decade.
The top five countries for health care are (in order) France, Italy, San Marino, Andorra, and Malta. The United States is a distant 37th, despite the fact that it spends more than any other country (save one) on health care. While technological advancements have continued at a staggering rate and improved health care globally, the World Health Organization (WHO) found that access to medical care has actually declined in America since this report was made! Like all statistics, the results can be misleading without further information, and the information presented in this article is actually some 10 years old now, however it is the only information available to us, as WHO quit ranking countries for their health care due to the amount of resources it requires.…
The Health Insurance Portability and Accountability Act (HIPAA) was enacted in 1996 basically to protect health information of all patients and to prevent data misuse and scams in various health care institutions. In 2003, this act was reinforced and included two parts or titles. The first title is formed so that health insurance of families and employees could be continued even in the event of them losing or changing jobs. Administrative Simplification is the second title that lays down certain guidelines pertaining to health care providers, employers and insurance plans. The aim is to safeguard your health care information that is stored and transferred via electronic media.
HIPAA enforces and expects strict adherence to all its rules and regulations. Therefore most health care organizations provide training to all their employees so they can follow HIPAA rules better. At the end of the training, the employees are given a completion certificate.
Here are 8 main reasons how HIPAA training is successful in protecting people’s private health care information.
• Special HIPAA training is provided to employees of health care organizations and health insurance agencies. It mainly centers its concentration on protection of client information and communication in the health care and insurance industries.
• HIPAA training ensures a good knowledge about the requirements and guidelines of HIPAA for physical and technical safeguards. Only when the employees are well-versed with the information will they be able to perform their duties carefully while fulfilling the HIPAA requirements.
• HIPAA necessitates access control of personal and confidential information. Cameras should be placed to note any breach in the HIPAA rules. The installation and removal of hardware and software should be supervised by an appointed officer to avoid stealing of your health information while it is being electronically transferred.
• Your medical data is stored in the systems of the hospital and insurance agencies. HIPAA guarantees protection from unexpected erasure of your personal data from unauthorized personnel.
• Apart from this, HIPAA courses are offered both for individual employees as well as groups of people from a particular agency. The courses provide information about the deadlines and repercussions of disobedience.
• The trainees are given a test once they complete the course, which you have to pass to be able to receive the completion certificate. This test is done to check the understanding of the trainee regarding the concepts, guidelines and other details of HIPAA.
• All workers having HIPAA certification must be well-informed about the HIPAA guideline and laws also the privacy and security rules. Having a HIPAA certificate in hand proves that the medical facility or insurance agency is compliant with the HIPAA requirements.
• HIPAA training provides a good understanding of the all the processes involved in implementation of a smoother process. This prevents unnecessary disruptions during transactions.
Hence, getting a HIPAA certification is essential for a health care worker. It facilitates the protection of your health information. And beware that there are severe consequences of non-compliance of the HIPAA regulations. Learn more to stay in the know about HIPAA.…