By Greg Mulac
www.mulacsites.com/insurance

One of the biggest concerns and stumbling block a lot of internet marketers have and make is in the area of getting Health Insurance. Now Your needs can and will very and change due to either having a family or being single and what age category you fall under. 

Although the cost of health insurance is continually rising, it is something that most individuals and families cannot afford to go without. So it’s important to understand the different types of health insurance that are available to you, so you can choose the right health insurance policy that fits your needs and budget.

We will discuss a few different options available First as you begin  your transition from a JOB and then we will cover the cases where you have been doing this for a while and are just making the leap to finally get coverage.

Before leaving your job

1. Calculate your monthly costs for insurance you are currently paying for coverage to you employer. If you employer does not offer this then you just need to add in the cost of the insurance you will find in this ebook to your need to quit number. If you don’t know what your need to quit number is I will teach you that in the appendix.

The day we decided that a JOB was no longer a good use of my time we were paying over 800 Dollars a month from my paycheck for insurance coverage.

2. Get a quote form your Personnel department of what it would cost to continue the coverage you have, usually called COBRA for the 18 months most allow the coverage to continue. This can become very important if you decide one day that you have had enough and quit or if you have some pre existing conditions that may make it harder to find good insurance at a good cost.

The offer from the company when I quit was over 1000 dollars a month to keep the COBRA coverage for 18 months. We found much better offers online as will you.

3. The dirty secret no one wants to talk about, did you know your credit score affects the price you will pay for Insurance? Credit scoring, the term used by insurance companies to rate your credit, has been a disaster for some consumers. Most insurance companies are now basing the cost of your insurance policy on your credit score. Missing as little as two payments on credit cards or other financial obligations could lead to your insurance premium possibly doubling. If your credit score is bad you could pay more when getting an insurance quote. And, regardless of the time you have been with your insurance company or your loss history, a low credit score could lead to a higher insurance premium or possible loss of your policy. I have found a service that by using the free trial option will let you get a handle on your credit score, after the free trial of Scorewatch I continued the service and even got one for Stephanie and we now use the service regularly, for the amount of things this information affects in your life it is well worth the price.  http://www.mulacsites.com/insurance/creditscore 

4. The do nothing option, this is a hard call to make, and if it was just me I may have made it also, but with Family involved it becomes a different decision. I know what a lot of you are thinking and I was there also, I paid for health Insurance for over 25 years and only used the service 2 times for things I caused myself, both were for stitches, if you ask Stephanie she well tell you the story after she stops laughing. So though at times it may seem like an unnecessary expense it can be a life saver in that one case you really need it.

About This E-book

This e-book covers a lot of options and I suggest you check out  them all , each company treats each age group differently, so that is why I do not recommend just one that worked for me , I give you all the information I used to make a decision. Remember it only takes a few minutes of your time to find the right company that will be best for you and your loved ones. Remember most Internet browsers have an auto fill type option, just fill out the information once there and it makes getting information real easy and quick.  

I recommend you create a spread sheet that lists the name of the company, coverage and costs and even the copay and deductibles so you can make a decision on all the facts. Even if your not ready for the coverage today and have a JOB exit strategy in place you need to know these numbers to make a good decision on when its time to leave that part of your life behind you.

Insurance 101

It’s important to learn the pros and cons of each type of health insurance, from managed care to indemnity plans, and the variances within each type. Understanding how health insurance policy rates vary, and what type of insurance is designed for each type of individual or family, and their needs is also important.

Managed care plans are health insurance plans that contract with health care providers and medical facilities to provide care for members at reduced costs. These providers make up the plan’s network. How much of your care the plan will pay for depends on the network’s rules.

Restrictive plans generally cost you less. More flexible plans cost more. There are three types of managed care plans:

Health Maintenance Organizations (HMO) usually only pay for care within the network. You choose a primary care doctor who coordinates most of your care.

Preferred Provider Organizations (PPO) usually pay more if you get care within the network, but they still pay a portion if you go outside

Point of Service (POS) plans let you choose between an HMO or a PPO each time you need care

Indemnity plans
An indemnity plan reimburses you for your medical expenses regardless of who provides the service, although in some cases your reimbursement amount may be limited. The coverage offered by most traditional insurers is in the form of an indemnity plan.

How is the benefit amount calculated with an indemnity plan?
Different plans use different methods for determining how much you will receive for your medical expenses. Following are descriptions of the most common methods.

Reimbursement–actual charges
Under this type of plan, the insurer will reimburse you for the actual cost of specified procedures or services, regardless of how much that cost might be.

Reimbursement–percentage of actual charges
Under this type of plan, the insurer pays a percentage of the actual charges for covered procedures and services, regardless of how much those procedures and services cost. A common reimbursement percentage is 80%. This has the same effect as a 20% co-payment.

So which is better?
In general, managed care plans are better suited for the average individual because they end up being more cost effective in the long run. In contrast, indemnity/reimbursement plans usually hit you with more out-of-pocket charges (in the form of deductibles and co-payments) and often place caps on the amount of benefits you can receive over your lifetime. Indemnity plans do give you more freedom, however, than managed care plans in terms of using the healthcare provider of your choosing. So, as with anything else, the choice between managed care and indemnity plans ultimately depends on your personal circumstances and preferences. If your goal is to minimize costs, you’re probably better off with a managed care plan. On the other hand, if your goal is maximum flexibility and cost is not a major factor, you should consider an indemnity/reimbursement plan.

Now that you know the different types of Insurance lets find out what it is going to cost.

Below are some companies that you can use to start your research in getting quality Health Insurance for you and your family. Remember to shop them all the information is free. Then make your decision on your needs and financial situation.

Companies that give online and phone quotes
Type one all online

1.  NetQuote is the Internet’s most popular comparison insurance website! Since 1989, they have connected over 20 million people to the web’s largest network of insurance agents. Complete an insurance quote request in just 6 minutes and let the industry’s best agents compete for your business. NetQuote works with over 100 of the nation’s top insurers. http://www.mulacsites.com/insurance/netquote

2.  EHealthInsurance short quote request form, they match you with insurance professionals from your area. With multiple agents vying for your business, you can pick the policy that fits your needs and budget. Comparison shopping has never been so easy. eHealthInsurance  they have established relationships with over 160 health insurance carriers and offer more than 7,000 health insurance products online. They claim “We  are the ONLY site that allows a consumer to view quotes, compare plans side-by-side and apply for health insurance - all online with our eSign technology - greatly reducing the time to wait for a response from a carrier.”  I have found a lot of these things in some of the other site, my bet would be there is one thing in all that the others don’t do, a good tip for writing our next sales letter. LOL. One important thing they offer is the Small Business Insurance option so you may want to consider that option if the pricing fits for you.  http://www.mulacsites.com/insurance/ehealth

3. Assurant Health
Since 1892, Assurant Health has served as a leading developer and provider of Health insurance products, and provides health insurance coverage for more than one million people nationwide. As the oldest national health insurer in the United States, over the decades Assurant Health has built a solid reputation for high-quality products, stability and financial strength. http://www.mulacsites.com/insurance/assurant
Type two direct contact with a local agent

1.   InsureMe is a free service that helps people find the most competitive insurance rates available. All you do is fill out there Form and they will have Insurance agents call you and fight over getting your business.
http://www.mulacsites.com/insurance/insureme
Type Three Traveling health insurance

This has got to be my favorite type of insurance coverage; I had this coverage for over 20 years while traveling all over the world and it made things real easy if something happened in another country. I never had to use it but did have to supply the numbers for a few people that traveled with me over the years, and it saved them lots of money and in some countries this could save your life.

MultiNational Underwriters is a full service organization offering a comprehensive portfolio of travel insurance products designed specifically to address the insurance needs of international travelers and citizens. With over 100 years experience in the international insurance market, our products are known and used daily by thousands of individuals, families, corporations and service organizations around the world.  http://www.mulacsites.com/insurance/multinational

Since most of these companies will give you quotes from many different companies make sure you compare the numbers then go with the one that makes the most sense for you situation.

I hope you found this information helpful in finding the insurance coverage you need and deserve. Thanks you for taking the time to read this free e-book.

If you got this From someone else and want your own copy with all the files mentioned just go and sign up for this free e-book at  www.mulacsites.com/insurance

Bookmark to: