In 2013 the Congressional Budget Office (CBO) researched how premium support, as suggested by House Speaker Paul Ryan’s “A Better Way,” would impact the federal budget, beneficiaries’ payments and choices.
The results of their research revealed that under the two different proposed premium support plans, that both would “reduce federal spending for Medicare net of beneficiaries’ premiums and other offsetting receipts.” Put another way, introducing premium support would adjust the current health care system and permit the free market to offer seniors the ability to pick plans suited to their health needs.
Based on this research, House Speaker Paul Ryan hopefully forecasts that by 2024, Medicare beneficiaries may see private insurers compete for their business on a proposed new Medicare Exchange. The futuristic plan would allegedly have no disruptions in the Medicare Fee For Service program for retired individuals or those about to retire. These individuals would also have the option to enroll in the new premium support program.
With research backing up Ryan’s conclusions that a free market choice is more beneficial to those seeking health insurance it appears that competition and choice may be the future of health care in the United States.
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.
Life insurance policies are much more affordable than most people realize. Moreover, they offer priceless support to families of deceased loved ones.
When someone dies without life insurance, those left behind suddenly face a dire financial predicament. That person’s income is no longer a part of the household. Kids will need school supplies. Spouses need medical care. What about the mortgage?
Without the protection life insurance offers, a family may have to grieve and face devastating lifestyle changes simultaneously in order to cope with their new reality.
For a few pennies a day, one can find a life insurance policy that suits individual circumstances and leaves a family a legacy of love. Money can never bring a person back, but it can allow a family to continue their lives while adjusting to a loss.
Life insurance policies are one of the best ways to protect loved ones. Ask a qualified insurance broker for more details.
No one likes talking about life insurance. Death and dying can be frightening, upsetting topics to you and your family. But you must conquer that fear if you want to protect your loved ones in the (ultimately inevitable) event of your death. The problem doesn’t go away if you avoid talking about it. Life insurance ensures that you can leave your family a stream of income if something happens to you. Avoidance is not worth the risk to your family’s long-term wellbeing.
Your family is important to you. You work hard to provide them with what they need. If you are not there, how would your family carry on without any financial support? Life insurance provides security and support for your family’s care when you are gone. Don’t delay the decision. Others are depending on you to make the responsible one.
If you had a dollar for every person you met who said life insurance was a waste of money, you could likely retire early and live quite comfortably. The irony of this is that those same people who think life insurance isn’t worth spending money on are the same people who worry about how their family will be taken care of if they suddenly die. How will the kids go to college? How will the wife raise the children alone and work full-time?
Consider the case of Joe Average, a dyed-in-the-wool life insurance nay-sayer. He refused to buy insurance, even though he had two young children and a stay-at-home wife. His life was the way he wanted it. He figured he would just save the money he would pay out in life insurance for the kid’s college fund.
On the way to work one day, his car was hit by an 18-wheeler. He was pronounced dead at the scene. He left behind no life insurance. His family had no financial cushion to help them. The wife had to go back to work. The kids had to stay with relatives and the family home went into foreclosure. Is this what you would want to happen to your family if you were killed and had no life insurance in place? Life insurance is necessary, for the love and protection of your family.
This is an ironic story, about a man who figured he did not need health insurance. He was big. He was tough. He worked hard as a logger and was in great shape. He was lean, mean and knew a thing or two about felling huge trees so no one got hurt. He was good at his job, which made him job supervisor at the logging camp. He was always healthy, always on the go and always in great spirits. He loved teaching newbies how to cut trees down the right way.
One day, a newbie did not pay attention to what he was told. The tree he was working on fell the wrong way, right on top of the man who did not need health insurance, that healthy, active, logging supervisor. He was airlifted to the nearest hospital in critical condition with blunt force trauma injuries to the head and abdomen. His pelvis was crushed and he faced a possible leg amputation.
The supervisor did not get out of hospital for eight long and brutal months. He survived. His life could be pulled back together again. But could he pay for his medical care without insurance? No. It’s not about being too strong or healthy to need insurance. You need insurance for the events and illnesses you cannot plan for.
What would you do in a similar situation if you did not have health insurance to help defray expenses? Maybe it’s time to go online and find an affordable health insurance plan.
While we get that you do not have health insurance because you feel you cannot afford it, the better questions are: Can you afford to lose everything you have ever worked for? Can you afford to lose your house? Your car? Your health? Can you afford to pay a medical bill that amounts to about two- to three-years salary?
If you answer “no” to any of those questions, then it’s time to get health insurance, no matter what else you may have to do without. You cannot do without your health. You cannot do with a house, which you may lose if you don’t pay medical bills you racked up when you broke your leg, or sustained some other kind of serious injury requiring medical care. You cannot afford to be without health insurance. Your health is the whole key to living your life the way you want to live it.
If your house, car and boat are insured, then why aren’t you?
You know that you want to protect your family if something were to happen to you. You start looking around online for some decent life insurance quotes. There are some really nice deals out there. In fact, you like the price of the one you found being offered by a very large national company in California. But you live in New Hampshire.
Well, it doesn’t matter, does it? Life insurance is life insurance —- same difference. Why not get the really inexpensive plan that you found? There are several reasons for not buying that really cheap plan that you found. The biggest reason is that you have no idea if it is designed to do what you want it to do. Most people do not read their insurance policies and many buy the least expensive one that they can find. Then they find out later it did not cover what they think it did. They were paying out good money for zero coverage and their beneficiaries are left holding the bag later.
You would not go cheap on house insurance to protect where you live. Why would you go cheap to protect your life? What you buy has a direct impact on the later events of your family’s life. Life insurance is to protect what you love the most. Buy what you need to accomplish that. It’s what really counts.
There are times in one’s life where things are completely up in the air. You just graduated and are looking for a job. You found a new job, but have to move clear across the country for the position. You just finished up with one employment situation and are looking for another. So what do you do for health insurance?
One of the things you might want to check out to ensure that you are covered in case something happens, is short-term health insurance. It is also referred to as catastrophic insurance and covers just about everything, including the kitchen sink. Keep in mind, though, that it is for people who do not have pre-existing conditions. This is why is it reasonably-priced and you can get signed up and get coverage in as little as 24 hours.
It’s never a good idea to go without protecting your health. If you fall, sustain a serious sports injury or even get into an accident, no insurance means huge bills. Huge bills may mean serious financial trouble for you.
Depending on your situation, you may need a unique kind of health insurance.
Let’s say your life is in transition. Maybe you have started a new job, are moving, or are getting married, or are going away to school. You may not be sure about your future plans at any given moment, but still know that you need health insurance. What can you do to make sure you have a policy during this transitional period?
You may want to consider short-term health insurance. It is a perfect choice for people who aren’t certain what they need down the road, or when that will be. Short-term health insurance is a temporary solution, and may be just the right thing for you right now.
As the name implies, short-term health insurance is taken out for a short period of time, which allows you to quickly drop it, when you need to do so. In most cases, short-term health coverage only applies to major health issues, ones that radically alter your life in a catastrophic manner.
Who might be interested in short-term, catastrophic health insurance? Often this kind of insurance is appealing to part-time and temporary workers — those who are transitioning from one job to another, or for recent college graduates in the process of applying for a job. These policies are typically sold to those under the age of 65.
With a short-term policy, you usually have the ability to pick any specialist or doctor you want to see. It also covers surgery, diagnostic tests, after-care visits, drugs, and hospital and emergency services. Be aware of the limitations, which may include limited coverage for mental health care, no coverage for Pap tests, preventative care or shots, and it does not cover any pre-existing conditions — hence the low premiums.
These policies are appealing to a large number of people, thanks to how easy they can be to get, how fast they are processed, and their low cost and high-coverage limits. Many people also like the short application they need to use to get this type of a policy. Just be sure you are completely aware of what this kind of coverage entails, because the last thing you need is to buy a policy that does not meet your needs.
