With the new health care law soon to fully be in effect, there is a tighter control on private health plans offering Medicare coverage to beneficiaries. According to the article “Medicare Health Insurance is a Basic Necessity: Here are the Basics” by Pam Foster from The Atom Stack Tribune, there are 12 standard medicare supplemental health insurance plans available and this can cause much confusing for those shopping around.
Medicare is a federal government program that offers health insurance to retired individuals meeting certain criteria. Anyone receiving Social Security benefits is enrolled in Medicare at age 65 and if you are not receiving Social Security benefits before 65 you just need to enroll. Indi
23 Dec
Posted by Lucas Falkiner as Insurance Tips
Standard Life has abandoned attempts to develop a joint venture with Bank of China (BoC).
The two had been in talks aimed at BoC acquiring a majority stake in the life and pensions provider’s Heng An Standard Life business.
The move would have given the company more growth potential in China, by allowing it to become a domestic, rather than a foreign, enterprise.
However, lengthy negotiations between the parties have broken down and the insurer says it will continue to develop Heng An Standard Life with Chinese state-owned investment agency, Tianjin TEDA International, its existing joint venture partner.
We hope that you, your loved ones and your business associates will have a great holiday.
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If you find yourself with extra time on your hands because you have less insurance news to read, consider using the extra time to visit the Web site of the MDRT Foundation to contribute to efforts to help those in need.
Most Americans agree that all children need to have access to excellent health care without devastating struggling families. The government has helped tremendously with this over the years. Health insurance isn’t cheap, especially for those with pre-existing conditions, but a lot has been done to ensure children are protected.
The Children’s Health Insurance Program (CHIP) is a government sponsored program financed at the state and federal level to expand health care to uninsured children in low income families not eligible for Medicaid. Most children covered by CHIP are enrolled in managed care health plans that contract with states to offer coverage.
Many would agree this plan is successful as it helps our innocent children who deserve quality health care. CHIP
18 Dec
Posted by Lucas Falkiner as Insurance Tips
Increasing the excess on a car insurance policy should lower the premium but new research from Which? Money suggests this is not always the case.
Having compared car insurance quotes from a range of providers, the consumer group discovered that raising the total excess on a quote from Aviva, from £350 to £550, actually increased the premium by 8%.
Which? Money was quoted £424 with a total excess of £350 but £458 with an excess of £550.
In the case of the AA, a similar rise had no effect on the premium, while for Budget, the Post Office and the RAC, raising the excess by £250 reduced premiums by a mere 1%, saving the consumer just £6.
Which? chief e