Contrary to popular opinion in a volatile market, it is almost always a smart business move to offer some form of group insurance to workers. The benefit markedly boosts employee loyalty, aside from the fact that coverage maintains the health of those that work for you. Group insurance is also surprisingly affordable. When you buy a plan for a large group, premiums fall; the economics of scale kick in when there are bigger numbers involved. And smaller groups than you may think are considered “big” in the insurance realm.
Additionally, you can form a group of small business owners and leverage the numbers to get reasonably priced group insurance. It’s worth the effort to reduce the premiums for personal insurance. There are many ways to form the group you want to get the kind of insurance you need — not just for your workers, but for yourself as well.
Even as the U.S. economy begins to recover, life insurances purchase rates remain extremely low.
The desire to delay is understandable, but now is the best time to put life insurance in place. Life insurance will provide coverage for your family if something should happen to you. Without life insurance, how would your family cope financially? Where would they find the funds necessary to honor your memory with a funeral and burial? How would the kids ever be able to go to college or trade school?
Many Americans do not realize that life insurance premiums are some of the lowest in the marketplace and very flexible. In fact, if more people took the time to find out about how life insurance really works, there would be less general anxiety surrounding its purchase (and more protected families) across the country.
While you may realize that you need Medicare insurance as you approach the age of 65, you may not know that you probably also need Medigap insurance to fill in the gaps that Medicare will not handle. It’s confusing to try and figure out how each plan works, so trying think of it like this: Medicare and Medigap are partners in health care, offering seniors plans tailored to suit their personal needs.
Medicare or Medigap policies are not always easy to understand at first glance, but fortunately, plenty of help is available. Before you apply, make sure you find the resources you need to determine exactly what you want and need from your insurance. When you approach the purchase of a policy with a list in hand, you can get what you want for the price you are able to pay.
Posted on Thursday, April 17th, 2014. Filed under Medicare
In 2014, everyone who has not previously held health insurance is required by law to obtain it through a health care exchange. Unfortunately, the process is seemingly fraught with a number of serious glitches and security issues. What’s an average American to do when he or she wants to sign up for health insurance? With the frustrating setbacks, people are struggling to “convince” the system to let them complete their forms or proceed through a frozen site.
Fortunately, there are other options for those trying to use a health insurance exchange. Private health insurance may seem too expensive at first glance, but the marketplace is very competitive right now. As such, now is the best time to take advantage of price fluctuations. If you want to gain control over the health insurance plan and budget you choose, you may prefer to deal with private insurance companies. Not all government-run agencies are effective, efficient or simple. If you want to ensure that you meet requirements without undue hassle, private insurance likely offers your best alternative.