InsuranceThought — Blogs About Insurance

Health Insurance Rate Increase Is Cause for Many to Be Concerned

Although a health insurance rate hike will be difficult for most customers right now, considering the state of the economy, the head of the major health insurer in California believes it necessary to boost rates by 39% in order to cover the soaring medical costs of today.
Angela Braly, the president of WellPoint, Inc., based in [...]

Learning Health Insurance Terminology Can Help You Determine Which Plan is Right for You

INSURANCE TERMINOLOGY YOU NEED TO KNOW:
Premium: this is the amount you pay to the insurance company each month to keep your coverage.
Co-payment: widely termed “co-pay,” this is the specific amount of money you are required to pay to the provider when you receive services. Many plans require a co-pay for office visits and prescription medications.
Deductible: [...]

Knowing Plan Terminology Can Be Helpful When Shopping for Health Insurance

When you shop for a new health insurance plan, you may feel a bit challenged by health insurance terminology. In order to shop smart, learn the differences between the top four kinds of individual and family plans available:
PPO
A PPO is an acronym for “Preferred Provider Organization.” These are the most popular in the Family and [...]

Young Adults Who Live With Their Parents Must Be Sure They Have Proper Insurance Coverage

Like so many things, individuals’ insurance needs have changed in the face of the current down-turned economy. Young adults and new college graduates have so few options, with such a limited number of job opportunities, that many are finding themselves back at home with Mom and Dad, perhaps believing that despite not having a job, [...]

Some Insurance Companies Engage in a Practice Known as “Bad Faith”

Although the point of paying expensive insurance premiums every month is obviously to keep ourselves protected should we fall ill or become injured, insurance companies, unfortunately will likely try to find an excuse not to pay a claim if and when you do need to make one. If your insurance company tries to wriggle its [...]

Whether You’re Shopping for Auto Insurance or Health Insurance, There Are Things You May Not Know

When you’re shopping for insurance, it’s important to know as much as possible in order to compare quotes and find the best insurance for the best price based on your specific needs. The National Association of Insurance Commissioners (NAIC) commissioned a survey to find out the extent of Americans’ knowledge on the subject; their findings [...]

Fill the Gaps in Your Medicare Policy with Medigap

Unfortunately, as we age, it becomes more and more likely that we will experience some sort of issues with our health. Yet many of us will reach this point with little or no money set aside to pay for the extra care we will need when the time comes. It can be quite a difficult [...]

Caregiving is Expensive – Be Prepared with Long-Term Healthcare Insurance

Being unprepared for the long term care of a family member can crush you financially; caregiving is just that expensive. Luckily, a number of ways exist that allow you to keep from having to spend so much.

The programs below could help you prepare for caring for an elderly person. When you know the basics of [...]

How to Choose the Best Provider for Your Insurance Needs

When you purchase insurance, whether it be auto, health, home, renters or life, choosing the right provider should be a major part of your decision-making process. You should remember that cost alone should not be the only deciding factor of who to buy your insurance from. Whichever provider you decide upon, your agent should help [...]

Understanding Your Insurance Policy’s Terminology

Sometimes, your insurance plan terms – or descriptions of provisions and coverages – can be quite difficult to understand. The following is a list of common health insurance coverage terms and what they mean.
Deductible
A deductible is the amount of money you, as the insured, will need to pay before the benefits from your insurance policy [...]