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Monday, October 19, 2009

What Aspects Go Into Creating A Good Health Insurance Quote?

By J. D Theis

There is a saying which goes like 'make hay while the sun shines'. The problem is that most of us are too busy making hay that we do not stock up for the rainy day. It's ok if one doesn't have enough to pay for his second car or his annual beach vacation. But when it comes to a medical emergency, it becomes a matter of life and death. This is when it becomes very important to have a good health insurance plan.

So how does one go about getting one? Well, first you have to apply for one with the many health insurance providers out there. After you fill in all your details, you will get your health insurance quote.

So what is the health insurance quote? It is the approximate estimate of the premium that you will have to pay on an annual or monthly basis for your coverage. The quote is based on a number of factors. Now let us explore a few of those factors. Firstly, it is based on the number of people you want covered. Is it an individual plan or a family plan? An individual plan is more expensive on a per person basis, but is cheaper when compared to a family plan on the whole.

Secondly, the health insurance quote depends on the benefits that you seek. Are you looking for freedom of choice or are you looking for a basic plan which will do the job? Are you okay with travelling a lot to visit your doctor or are you well acquainted with the one across the street? It's basically a tradeoff between freedom and a cheaper plan. The more the freedom the more is the cost.

Thirdly, what sort of ailments are you suffering from? Are you a smoker or is any other member of your family a smoker? If you have any sort of chronic condition, then the premium that you will be paying will be a lot more than if you are a reasonably healthy person.

And then lastly, it also depends on where you are geographically located. Are you living in a very expensive city? If so, even the doctors will expect to be paid well! Basically before going out to get a health insurance plan, get an online health insurance quote first. This will give you an idea of how much exactly you will have to pay for what services. - 23211

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Affordable Individual Health Care Insurance -- 6 Sure Tips

By Chimezirim Gabriel Odimba

I'll show more ways anyone can get huge discounts without downgrading their coverage. Don't fail to take note of the precaution you're advised to take as you make use of these tips...

1. Being on a single policy will save you a lot and you should take advantage of it if you're married. You have to check your options though to see which gives you more savings.

This is because in a number of situations it's more profitable to be on different plans and at other times you'll save more by being on the same plan.

Health Insurance Quote Online

2. Your premiums may be tax-deductible if you're self employed. And you can also get a tax break if you open a flexible spending account. Ask a tax professional.

3. Purchase catastrophic health insurance rather than the traditional policy if you hardly fall take ill and you'll get more affordable rates. This kind of policy takes care of you if you suddenly fall ill or get involved in an accident.

You will really appreciate this plan if you ever need to pay huge bills due to unforeseen health conditions or accidents. Catastrophic health insurance premiums are normally very low.

Nevertheless, the deductibles are usually as much as $2,000 but they are definitely worth it considering that you rarely get sick and are getting coverage in case a catastrophic ailment or accident happens.

4. Increasing your deductible will bring down your cost. For folks who don't know what a deductible is, it is an amount you must contribute before an insurance provider fulfills its part. Although you're advised to opt for a very high deductible, make sure it's an amount that you can pay with relative ease.

5. There are drugs that are established. You'll raise your spend if you go for big brand name drugs. Just in case you don't know, the law stipulates that all drugs must consist of the same active elements whether they are established names or generic. Where the differences begin and end are in their selection of inactive agents.

The truth then is that you only spend more when you buy a big brand name drug and do NOT get anything more in value. However, take the time to ask a doctor you can truly trust about this before you settle for any drug.

6. A Flexible Spending Account is helpful as you search for opportunities to make massive savings. You can keep tax-free dollars to take care of your health needs. You can in addition roll over any amount you did not use in a year to the next tax-free. With this you can actually save a reasonable amount to meet your health needs. - 23211

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Affordable Health Insurance Creative Tips

By Mark Bradshaw

Health Insurance: Less is More!

You may not think that two health insurance policies can be better and cheaper than one, but give me a chance to explain. Sometimes 2 policies can be cheaper than one, and they can also provide very comprehensive coverage.

High Deductible Health Insurance

Of course, the first policy to consider is a major medical health insurance policy. However, if you live in the US, you know that health insurance is expensive, and rates are expected to increase every year. One way to control costs, and to control the rate of increase, is by purchasing a higher deductible health plan. Many health insurance companies will offer extended price guarantees for health insurance plans with deductibles of five or ten thousand dollars. Sometimes these plans even come with prescription plans and doctor copays that kick in before the deductible is paid.

You may think that a 5 - 10 thousand dollar yearly deductible will not work for you. But think about how you can save $100's of dollars every month on your bill. And if you have a health condition that has caused a rate-up, the savings can be considerable. You need to balance your budget vs the deductible.

Health/Accident Supplemental Health Insurance

Have you seen health policies that supplement major medical by providing cash payments for accidents or illnesses. They are usually pretty inexpensive, and they pay out in cash. This money can come in handy if you need to pay expenses that are not covered by your health insurance policy. The cash can also be used for other associated costs like living expenses, transportation, etc.

You may find a package of sickness and accident protection, or you may need 2 different policies. You may also be able to buy this coverage from the same insurer who provides your basic health plan.

Look for more help from a qualified agent.

Major medical insurance will be expensive for most people, but an experienced professional should listen to your needs, and then find a plan that you can afford. If you can find a professional who represents a variety of companies, you should be able to compare your options. - 23211

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Covering All The Bases With Direct General Auto Insurance

By David McLeod

In the present nature of society, transportation has become one of the major concerns of the population. Thanks to the quick expansion and activities of the modern lifestyle, people find a great necessity to go traveling and cover wider grounds for their interest, whether for relaxation, recreation, business, and education.

In addressing this modern need of traveling from one point to another, it is significant for each individual or family to discover a comfy and trustworthy medium for their transport.

When talking about the private transport topic, there are the services of direct car insurance corporations that protect individual interest from losses due to unlucky circumstances and events involving their transportation.

However, presently, the facet of vehicular property has already evolved wherein folks are now owning various transportation interests aside from a personal aspect. For this reason, a new trend in the automobile assurance industry is created, by buying direct general auto insurance.

Guarantee For Your Transport Property and More

The services and guarantee of direct general auto insurance principally manifest of similar nature as the ordinary and normal types of automobile insurance services with many some significant innovations and benefit enhancements.

The extra advantages presented in direct general auto insurance claims are directed towards 2 particular approaches specifically the collective nature of automobile guarantee care, and coverage for a wider assortment of vehicle and transportation concern.

Direct general auto insurances are generally known for their wide coverage range giving further advantage and assurance for their customers. Most service packages involved in this nature not only provide coverage from acquiring losses, but also help programs and other fields related to their auto condition such as partaking in the maintenance cost, correct cost, and even vehicular enhancement.

In another view, direct general auto insurance claims are employed by people and clients with assorted transportation interest and vehicular types aside from private transportation mediums like industrial quality autos like lorries, tractors, and others that are used for business, construction, production, and other interests.

Commonly, these types of vehicles are outside the coverage ground considered by basic vehicle insurance. Therefore, owners must resort to a more specific and beneficial insurance claim.

In general, direct general auto insurance is a development in the trend of automobile care offering larger coverage benefits and help for the owner's interest. Though, tried and tested principles are still applied in this concern whereby investing on this measure is likewise an investment on your interest maintaining the value of your car. - 23211

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Understand Forex Leverage

By Ahmad Hassam

Forex leverage is something that you need to be very clear from the very start. One of the features of forex markets that differentiate it from other financial markets is the astronomical level of leverage that is commonplace in the forex world. Whats so special about Forex Leverage?

Leverage is used to amplify or magnify the equity in your trading account. The usual level of leverage offered by forex brokers is 100:1. Some Forex brokers can offer up to 400:1 leverage on the average retail trading account. The implications of this are mind boggling. No other financial market offers even close to this level of leverage. This means that $1 in a traders forex account can control up to $400 in a currency trade.

Forex leverage can both be a very positive feature as well as a very negative one. Leverage is type of financial magnification by definition. Forex leverage is a double edged sword. While it is true that high leverage magnifies profits, it also magnifies losses equally.

High leverage of the magnitude found in forex trading can offer tremendous possibilities to the upside as well as the downside. However, you need to use it with a great deal of caution. This high level of leverage summarily wipes out otherwise healthy trading accounts often.

If you have been trading stocks than you already know that stock brokers only offer leverage ratio of 2:1 on margin accounts. The futures market is better. FCMs (Futures Commission Merchants) offer leverage of 10:1 to futures traders. But in case of forex trading, common leverage ratios offered by forex brokers range from 50:1 on the low side all the way up to 400:1 on the high side. Even on the low side, as compared to the amount of leverage available in other financial markets, the sheer magnitude of forex leverage far eclipses whatever leverage is available in other markets.

400:1 leverage is too much. Some forex brokers use it to entice new people who have never traded before. Never use this high leverage even if someone offers it to you on a silver platter. Suppose that 400:1 leverage is utilized by you. In practical terms, what this means to you as a forex trader is that a standard lot of $100,000 for example can be traded in EUR/USD currency pair with only $250 in trading account margin.

In this particular example, $250 in your forex trading account can control a trade of $100,000 using 400:1 leverage. In other words, for every $1, you as a forex trader are in fact controlling a whopping $400.

Some brokers even advertise that you can open a trading account with $50. With $50 you can trade a mini lot of $10,000 using a 200:1 leverage ratio. The fact that a small amount of money can control a large amount of money in forex trading can certainly serve to magnify potential profits. Can you handle this much leverage while trading? The amount of risk involved in using this high level of leverage is also equally magnified, however on the flip side of the coin.

Therefore, it is advisable to use caution when trading with the substantial leverage common in forex trading. High leverage trading is aggressive trading that is both characterized by high risk and high reward potential.

Why too much leverage is dangerous? Even a small movement in the market can be magnified many times by using leverage making large profits for you when the market moves in your favor. However, when the market moves even a small amount against your position, your whole trading account can get wiped out. This is the dark side of using too high a leverage.

You need to know the safe level of leverage you can use in your trading. In the beginning, dont use more than 5:1 leverage in your trading. You can increase that level to 10:1 or 20:1 with experience, but this much leverage would be sufficient for you. Once you really start trading like a professional trader than you can use 100:1 ratio to trade a standard lot. - 23211

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