Based on SFGate:

The new law applies to plan years beginning on or after Sept. 23, 2010. Plans that run on a calendar year must begin covering children under 26 on Jan. 1, 2011.

via SFGate.com

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Health care plan is basically a protection against medical costs. During economy downturn, this medical plan has helped the policy holders to overcome financial difficulties. It relieves the burden of the policy holders and their family members on unexpected medical emergencies.

It has been found out that medical insurance is needed more now than ever during economy crisis. Many individuals have lost their jobs and at the same time, they have also lost the group health coverage when they are retrenched or when their companies have been closed down. Without the monthly income, it is indeed a heavy burden for those unemployed to bear the high medical costs and expensive specialists’ consultation fee when they suffer from diseases or injuries.

The situation gets worse when they need to be hospitalized and undergone surgery. Apart from medical emergencies, routine medical check up, regular treatment and dental care are needed too in order to maintain good health condition from time to time. Without the protection of health care insurance, many people could hardly make the payment for their medical expenses and there is a high possibility for them to accumulate debt.

If you and your family haven’t got a health care plan at this moment, you are advised to seriously consider obtaining it as soon as possible so that you don’t need to bear the high medical expenses in near future. Find out tbe type of medical plan which can be afforded by you and suits your requirements.

For more information about health insurance companies and profile and health insurance plan, visit CommonHealthInsuranceFacts.com

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In group medical insurance, a single policy covers the medical expenses of many people in a group as a whole. With this group policy, all the eligible people can be covered regardless of their age gap and physical condition.

In group medical insurance, a single policy covers the medical expenses of many people in a group as a whole. With this group policy, all the eligible people can be covered regardless of their age gap and physical condition. At the same time, the premium of this group policy is usually determined on the basis of the whole group, for instance, the average age and nature of business. The premium will definitely be high if there is any occupational hazard or health issue in the group.

During recession, it will be the smartest choice for the employers to obtain group health care coverage to their employees with the purpose of reducing the burden of individual employees on unexpected medical emergencies. In other words, group health plan is considered as part of the employees’ benefits package.

In a group health policy, all members in the group are covered by the insurance company who issues the policy within a specified eligibility period, regardless of their current physical health condition and their prior health history. There is no physical examination required for every member in the group. This can be an advantage for some of the members who have chronic health conditions and they are not able to obtain individual coverage.

At the same time, those employees who can’t afford individual health plan can get insurance protection under the group policy. They don’t need to worry about the high medical costs and hospitalization fees. As for employers, they are able to save more cost as the premium of the group policy is much lower and they are able to provide medical protection to all their employees.

In short, group health care insurance is indeed a smart choice for both employer and employees during recession.

For more information about low income health insurance and health insurance plan, visit CommonHealthInsuranceFacts.com

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Since it is a temporary plan, the benefits covered will be lesser than the standard long term policy. It is indeed necessary for you to ensure that the following benefits are included in your policy.

1) Physician service fee

The policy must include the physicians’ professional service fee for inpatients as well as outpatients. The cost of the service fee is based on the allowable amount stated clearly in the policy.

2) The fee for laboratory examinations

In common, the costs of X-rays, mammography, Pap tests for screening and laboratory examinations for diagnostic purposes are all included.

3) Ambulance service

Hospital ambulance service is always part of the short term health insurance policy.

4) Hospital charges

In general, potentially the most costly claim against the short term health insurance companies is the hospital related expenses, which include hospital room charges (the types of rooms and the room rates are clearly stated in the policy), service fee for intensive care unit, cost of surgery, anesthetist fee and so on. You have to review all the allowable charges stated in the policy carefully and consider whether the rates proposed are reasonable.

5) Cost of prescriptions

Most of the short term medical plans will clearly state the maximum time frame on prescription drug coverage in the policy, for instance, a standard time frame is a 30-day time period.

By understanding the common covered benefits provided by the insurance companies in the market, you are able to make better decision on your selection. Make sure you are well informed about the coverage before you agree with the terms.

For more information about low income health insurance and health insurance plan, visit CommonHealthInsuranceFacts.com

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Most of the short term health care plans available in the market last for one month to a year. These plans are renewable for a maximum period of 36 months. Generally these short period plans do not cover any pre-existing medical condition. There are pros and cons of these plans. They may suit certain people’s needs and requirements but they are not as comprehensive as standard long term plans. Let’s analyze the following:

Advantages of short term health coverage:

o The policy holders can obtain coverage in the duration as short as one day

o The premium is relatively low compared with long term plans

o The plans can be obtained through online application and the coverage can be effective within 24 hours

These particular plans work best for those who study overseas or travel overseas, people who are in the process of changing to new jobs and for those who are looking for insurance to fill up the coverage gap

Disadvantages of short term health coverage:

o Your coverage may be limited by the duration of the policy

o Regular dental care, optical and medical check ups are not included

o There is no guaranteed renewal when the policy expires and it may cause difficulties when you consider long term plan

Although short term medical plan is not a good substitute for a comprehensive health insurance policy, it is ideal for unemployed or retrenched employees and their family members during this current economy situation. You can consider it when you have temporary needs.

For more information about low income health insurance and health insurance plan, visit CommonHealthInsuranceFacts.com

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In normal circumstances, most of the standard health coverage policies in the market do not cover pregnancy. Can a pregnant woman be covered by the medical insurance?

The answer is YES. The good news is you can purchase pregnancy health insurance when you are in the planning stage for pregnancy. You can even purchase it when you are already expecting. There are many insurance companies providing this customized package to suit the needs of the expectant mothers. This is because many mothers are worrying about the medical expenses for pregnancy and childbirth.

It will be most ideal if you could obtain the maternity insurance before you are pregnant. The premium for the policy is relatively lower compared with the premium of pregnant policy holders. Most of the insurance providers in the market consider pregnancy as a pre-existing condition and they normally require the applicants to pay a higher premium for the maternity coverage. However, it is still worthwhile to get the pregnancy health insurance as long as the premium can be afforded by you. It is a wise decision for you and your family to enjoy the financial protection while waiting for the newborn baby.

Childbirth involves risks and there are a lot of costs incurred too, such as fees for regular check ups, obstetrician’s consultation service, ultrasound, healthcare products, delivery costs, hospital admission, surgical fee, etc. With the help of maternity health insurance, all the families can enjoy their exciting moment without any financial burden and worries.

For more information about health insurance companies and profile and health insurance plan, visit CommonHealthInsuranceFacts.com

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When a person who is suffering from overweight problem approaches the insurance companies, he or she may face some problems. In fact, obesity is considered as one of the undesirable pre-existing conditions by the insurance providers. This is because obesity is always linked with some high risk diseases like diabetes, cancers, heart disease, etc. Some insurance companies are hesitant in providing the coverage after looking at the medical report.

Is it confirmed that those people who suffer from obesity are totally rejected by the insurance companies? The answer is NO. They still have high chances in obtaining health coverage.

Most of the insurance providers are providing health coverage to those overweight people. They still allow the obese people to purchase the particular insurance but they exclude this pre-existing condition. The premium of this type of policy is quite the same as the premium of normal and healthy policy holders because their key health problem is not covered.

On the other hand, some of the insurance providers are willing to accept this pre-existing condition but they require the policy holders to pay for higher premium. It is still worthwhile for the obese people to obtain the policy by contributing more premium as their health will be protected and they do not need to worry about their medical fee in future.

Last but not the least, although the premium for overweight policy holders is high, it can be reduced if they can prove to their insurance companies that they are in the midst of reducing their weight through diet plan or weight loss program. In conclusion, the chances for people who are facing obesity problem to obtain health coverage is still high.

For more information about health insurance companies and profile and health insurance plan, visit CommonHealthInsuranceFacts.com.

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It is an insurance coverage that pays for your medical expenses when you suffer from illnesses or accidents. Before making decision to purchase this medical insurance, many people are very concern about their investment cost – the premium. Does the premium cost a lot? Is it affordable by a normal employee? This article brings you a brief idea about the average premium for healthcare coverage.

First of all, let’s see what key factors that determine the premium of the insurance.

o The type of health insurance, i.e. individual or group insurance

o The age of the policy holders

o The health status of the policy holders; whether pre-existing conditions are included or excluded

o The coverage and benefits required by the policy holders

o The specific regulations set by each of the state government

o The duration of the policy, i.e. short term or long term

o The lifestyle of the policy holders, for instance, smokers or non-smokers, alcohol drinkers or non-drinkers

Now, after knowing the factors that affect the premium, we explore further.

For group policy, the average premium for an employer to pay for his individual employee is about USD 4,800 per year. If the coverage includes the employee’s family (a family of four members), the premium is at the average of USD 17, 700 annually.

Due to financial crisis, the employers who are suffering from the hard times have another option. They can opt for Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage. The employers who use COBRA will spend around USD 350 per month on premium, which is relatively low if compared with the premium of standard group policy.

On the other hand, for individual policy, the premium varies due to different needs of the individual. In the market, there are a wide range of selections offered by many insurance providers to suit different individual needs. The premium can be high if the applicants have pre-existing conditions. The cost can also be low and afforded by most of the people.

In fact, obtaining the calculation of premium precisely is quite difficult. It varies from one individual to another. It also varies from a group of people to another. However, for those who are uninsured at the moment, having a rough idea about the average cost for medical insurance is important in assisting them to allocate their budget.

For more information about low income health insurance and health insurance plan visit CommonHealthInsuranceFacts.com

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An important point that needs to be highlighted here is among all the standardized insurance plans, the benefits and coverage of each plan are identical from one insurance provider to another. However, the premium might have significant difference. As a result, you must be wise in picking up the best company for this policy.

You should have some basic concepts about the premium of this plan. There are some key points you need to know:

o Do not pay a higher premium for a standardized supplemental insurance plan as you won’t be getting extra bonus or benefits from the policy when compared with others

o All the filing requirements related to claims for each of the standardized plan are the same

o Premium for this plan usually increases every year as it is adjusted to keep up with inflation rate

o The key factors that affect the premium are the age of the policy holders and the geographical factor

When you have the plan to get yourself Medicare Supplement, you are advised to take your time to understand this specific insurance by obtaining more detailed information from a few reliable sources such as newspaper, government official websites, brochures and a few insurance companies. Compile the information, obtain quotes and do thorough comparisons before making the decision. It is crucial as this policy will accompany you for the rest of your life.

For more information about health insurance companies and profile and health insurance plan, visit CommonHealthInsuranceFacts.com

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In fact, right now, there is a wide range of affordable options in the market for them to select. They don’t need to worry so much about the high medical fee. Let’s see how this group of people can be protected:

First of all, we should start to learn more about Consolidated Omnibus Budget Reconciliation Act (COBRA). Our Federal Government has enacted new legislation to help the unemployed with COBRA coverage. Under this act, the unemployed is able to continue on his or her employer’s group insurance plan for a maximum period up to 18 months after losing the job.

Secondly, we may consider Heath Insurance Discount Cards. Currently, there are many companies offering these membership cards. What you need to do is to allocate a small amount of money monthly to subscribe to the card. When you visit the doctor or hospital, present the card to get a discounted rate for your health service. This is indeed a good source for people who are jobless temporarily and they don’t have much money to purchase individual health insurance. They can at least save some money when they get discount on their doctors’ bills. However, please bear in mind that this option is only suitable for short term when you have zero income.

If you are in the situation where you are in-between jobs or you are quite certain that you will be starting a new job soon, what you can consider is a Short Term Health Coverage Plan. Under this plan, you will be covered for a specific period of time by paying a very much lower premium before you get health coverage from your new employer. This would definitely assist you to avoid any coverage gaps when you are switching from one job to another.

Besides, one more plan to consider is the Group Health Expenses Sharing Plan. This plan works well when you are able to get a big group of people to contribute equal sum of money to a pool of fund. The fund will be utilized for medical purpose of each member. In fact, the members are paying each others’ health expenses. Previously, this plan worked well for religious group. The same concept is then applied to a pool of jobless people in the same community. They help each other during hard time.

There are still many affordable healthcare packages in the market waiting for you to find out. Although you may have to overcome many problems during financial crisis, at least you don’t need to worry so much for your medical fee as there are so many types of low cost insurance coverage that suit your current needs and financial situation.

For more information about health insurance companies and profile and health insurance plan, visit CommonHealthInsuranceFacts.com

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