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  • 1. Saving money on health care
    Preview
    Terms of Use: It's estimated that each year on average Americans spend roughly $8,000 per person on health care. Without putting your health on the line, it's good to know where you can reduce medical costs: 1. Generic drugs: Always ask whether the prescription drug your doctor recommends is available in a generic form. Generic drugs can cost 15-50 percent less than name brands, saving you and your insurance company money. 2. Avoid unnecessary tests and visits . If you move or change docto  More...
  • 2. What are my primary options for receiving benefits if I become disabled?
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    Terms of Use: You have 4 primary sources providing disability coverage: Through your employer . Some states require that employers of a certain size provide some form of disability insurance to all employees. Through an insurance company that you buy directly yourself . Lots of insurance companies offer disability insurance. Through Social Security . Most salaried workers in the United States participate in the federal government’s Social Security program. Social Security is best  More...
  • 3. What are health savings accounts?
    Preview
    Terms of Use: A Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. An HDHP generally costs less than what traditional health care coverage co  More...
  • 4. Can individuals qualify for periods longer than 18 months of COBRA continuation coverage?
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    Terms of Use: Yes , disability can extend the 18 month period of continuation coverage for a qualifying event that is a termination of employment or reduction of hours. To qualify for additional months of COBRA continuation coverage, the qualified beneficiary must: Have a ruling from the Social Security Administration that he or she became disabled within the first 60 days of COBRA continuation coverage Send the plan a copy of the Social Security ruling letter within 60 days of receipt, but  More...
  • 5. What steps can I take to lower my homeowners insurance?
    Preview
    Terms of Use: 1. BE SURE TO SHOP AROUND. It'll take a few phone calls, but they could save you a good sum of money. Ask your friends, check the yellow pages or call your state insurance department. Also check consumer guides, insurance agents and companies. This will give you an idea of price ranges and tell you which companies or agents have the lowest prices. But don't consider price alone. The insurer you select should offer both a fair price and excellent service. Quality service may co  More...
  • 6. Who pays for COBRA coverage?
    Preview
    Terms of Use: Beneficiaries are generally required to pay for COBRA coverage. The premium cannot exceed 102 percent of the cost to the plan for similarly situated individuals who have not incurred a qualifying event, including both the portion paid by employees and any portion paid by the employer before the qualifying event, plus 2 percent for administrative costs. For qualified beneficiaries receiving the 11 month disability extension of coverage, the premium for those additional months may be  More...
  • 7. What should I do if I do not get an acceptable offer from an insurance company to settle a claim?
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    Terms of Use: Try the following steps if you are not satisfied with how your insurance claim is being handled: Let your agent or company representative know that you are unhappy. If this individual is unable to solve your problem, get the name and phone number of the head of the insurer's claims department. Your insurance company may also have a consumer complaint department that may be helpful. Be prepared to support your case. Send documents and a letter explaining why you are not satisfied an  More...
  • 8. How does Social Security define what is considered to be disabled?
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    Terms of Use The definition of disability in the Social Security law is a strict one. To be eligible for benefits, a person must be unable to do any kind of substantial gainful work because of a physical or mental impairment (or a combination of impairments), which is expected either: to last at least 12 months, or to end in death. If, because of a medical condition, a person cannot do the work that they performed in the past, then age, education, and past work experience must be considere  More...
  • 9. Can I get disability benefits from Social Security?
    Preview
    Terms of Use Yes, but the amount paid will generally not cover lost wages and there are several restrictions. (Please see below). People who are severely disabled may be eligible for monthly benefits. Both the Social Security program and the Supplemental Security Income program provide a monthly income for people with severe disabilities. However, the non-medical eligibility requirements for the two programs are different. The Social Security Disability Insurance (SSDI) program pays benefits to   More...
  • 10. Choosing a health plan
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    Terms of Use: Health care in America is changing rapidly. Twenty-five years ago, most people in the United States had indemnity insurance coverage. A person with indemnity insurance could go to any doctor, hospital, or other provider (which would bill for each service given), and the insurance and the patient would each pay part of the bill. But today, more than half of all Americans who have health insurance are enrolled in some kind of managed care plan, an organized way of both providing   More...
All information provided through this site is intended to be accurate. However, there may be inaccuracies from time to time which we will make every attempt to correct immediately. Information provided is intended to assist you in making decisions and does not eliminate the need to discuss your particular circumstances with a qualified professional.

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