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How To Add A Dependent To Health Insurance?

Dependent children can be covered under their parent's health insurance policies up to age 26. The main questions are the timing of your wanting to add this dependent to your coverage or if a change of life status event has occurred that allows for the addition of a dependent to your policy. If it's renewal time for your coverage then it's simply a matter of requesting the paperwork to add thedependent to your coverage. In the context of group health insurance plans it is quite likely that if it is outside of your plan's open enrollment period that a change of life status event will have to occur for you to be able to add your dependent to your coverage. The most common change of life status events are marriage, divorce, birth of a child, adoption of a child or loss of other health insurance coverage. If you had the dependent during your last open enrollment period and did not add them to your group's policy at that timeand there has been no change of life status event in the interim you will almost certainly have to wait until your group's next open enrollment period. Also, in one of the quirks of ObamaCare, spouses are not technically defined as dependents (I know, it doesn't make any sense but remember our politicians didn't read the law before they passed it). So, with health insurance rates rising sharply you are seeing more employers not providing spousal coverage, or allowing spouses to be covered only of they do not have coverage available through their employers (if they have one), or you may see an extra charge assessed for covering a spouse that has crappy coverage elsewhere. Just a word of warning regarding possible surprises you might encounter in wanting to add a spouse to your coverage.

What Is Wrong With Whole Life Insurance?

Assuming this question originates from a negative assertion that (participating) whole life insurance is inherently wrong, there is no wrong on a financial basis as a product. It may very well be unsuitable or not economical depending upon the personal profile of the potential purchaser and their financial goals. The annual premium for guaranteed universal life insurance is generally cheaper than whole life insurance, so the difference in premium could be argued as economical. But participating whole life insurance thats designed for tax advantaged supplemental retirement income can be very valuable to a long term conservative saver who seeks returns that can compete with treasuries as an example.

What Is The Average Car Insurance Rate In Utah?

Auto insurance is priced based on several variables including: The type of car covered The age, gender, and marital status of the insured The coverage amounts elected by the insured For this reasons it's difficult to say exactly what you'd pay for coverage in any specific state However it is potentially noteworthy that Utah ranks number 12 within the nation for cheapest states in which to purchase auto insurance. This statistic comes from Bankrate.

Is Medicare Prescription Drug Coverage Mandatory?

That is a great question! The answer is one of those , "no, but you should" answers. Like health insurance isn't mandatory, having it is very wise, and not having it has penalties. It iskind of like that with your prescription coverage. While it isn't mandatory to have, the cost of your prescriptions without it is often prohibitive. A prescription that Medicare covers may only cost you a couple of dollars, that without the coverage would cost $45-50 dollars or more. On a fixed income, and looking at stretching a retirement fund, I'd wholeheartedly recommend that you enroll in the plan. Thanks for asking!

What Is Meant By Life Insurance Creates An Immediate Estate?

I would like to say a Retirement Income Certified Professional (RICP) however, that would be self-serving. You should carefully choose a person whose advice you can trust. While the procedure to start a plan is routine, at some point you will need to make changes and ultimately derive income. This requires experience.

When Should Homeowners Insurance Start?

Niether homeowners or renters insurnace will cover flood damage under normal circumstances. To get flood insurance coverage it must be purchased from a carrier that is appointed bye the federal government. Only select carriers provide flood insurance coverage and agents must be appointed with one of those carriers to be able to sell flood insurance coverage.

Why Would I Need A Medigap Policy?

Medicare Part A & Part B only covers about 80% of the cost of your healthcare. In addition, the 20% that you are responsible for does not have a limit. No max out of pocket or cap so if something major happens you could be left with a lot of very expensive medical bills. Millions of Americans age 65 and over buy a Medigap policy to cover what Medicare Part A & B does not. There are several plans to choose from but all Medigap Plans have a letter such as Plan F, Plan G, Plan J, etc. If it doesn't have a letter it's not a Medigap Policy. I would be happy to answer any other questions you have.

Does Long Term Disability Cover Medical Insurance?

Long term disability and medical insurance are two completely different animals. Long term disability replaces a portion of your income during the time you are unable to work at your full time occupation due to a covered accident or illness. Claims payments are made directly to the insured. Medical insurance is designed to pay a portion of the medical bills derived from care you receive from doctors, hospitals, and other healthcare providers. Claims payments are made directly to the providers unless assigned elsewhere.

What Are The Differences Between Medicare A And Medicare B?

You cannot get on Medicare before age 65 unless you are on Social Security Disability and have Lou Gehrig's Disease; have been receiving Social Security Disability benefits for 24 months; or you have worked long enough in a federal, state or local government job and meet the requirements of the Social Security Disability program. Some disabled widows and widowers, or divorced disabled persons, may be able to get Medicare under age 65 under some conditions.

Can You Lose Medicare Benefits?

This is a great question. The only time I have seen someone's Medicare terminate is when they stopped paying the bill. Normally part A is at no cost and there is a cost for part B. For most, part B is taken directly from the social security check, but sometimes there is no social security check and Medicare sends a bill. So the short answer is Yes.

Is Car Insurance Credit Checked?

When you are applying for auto insurance coverage most if not all insurance carriers will do what is called a soft pull of an insured's credit score. This soft pull normally will not adversely affect a persons credit rating. Credit score is only one part of the many factors that are taken into consideration when your rate is calculated.

Who Should Be The Beneficiary Of My Life Insurance?

Unfortunately, it is impossible to give a guideline on what Term Life Insurance should cost, because the cost varies so much from person to person. If you buy it when young and very healthy, and lock in the rate for a very short time, you can get it for under $10/month for $100,000 of coverage. If you buy it when older or while having serious health problems, and lock in the premium for the rest of your life, the premium could be over $300/mo for that amount. To find the best price for you, go to a website that offers instant quotes and input your information. Keep in mind that these quotes will need to be followed up by a phone call to verify accuracy, or at least by clarifying your health information on the application.

What Affects Homeowners Insurance Rates?

If you own a Tax Qualified (TQ) Long Term Care Insurance policy, the premiums can be deducted up to a certain limit. The instructions provided with your tax return will show the amount of premiums that can be deducted at each age.

Can I Get Car Insurance Without A Job?

Yes, as long as you are able to pay your premiums on time. I am not aware of a carrier that asks for a persons employer name or even employment status when they are applying to receive automobile insurance coverage. If you are able to make your insurance premium payments on time the insurance carrier will more than likely provide you coverage for as long as you wish to be provided coverage.

When Does The Beneficiary Collect From A Life Insurance Policy?

The beneficiary collects from a life insurance policy after the insured person dies. You must obtain a certified death certificate, and contact the insurance company or your agent for a death claim. You fill out the death claim and mail it with the death certificate to the address on the form. They will process it and send you a check for the face amount of the life insurance policy.

What Information Is Needed For A Home Insurance Quote?

There is a great deal of public information available on the internet about most homes in most locations. At a minimum we would need to know the address of the property. To prepare a quote we would need to know your general description of the home and determine if there were any pets, or trampolines on the property. We would need to know if there were any wood-burning devices inside the home. We would need to know if there had been any claims in the past three years on the property or by the proposed insured. The quote we could give you would not be a guaranteed price as that is done after full underwriting takes place but it is usually quite close.

Does Everyone Have Health Insurance Now?

Renters insurance covers your personal property and bike is consider personal property. For examble you have a nice high end bike that cost $1500 it get stolen at the store you must call your insurance compay and file a claim they will deduct your dedutable from the pay out. Good Luck

Should I Do Long Term Disability Insurance?

High deductible health insurance plans (often referred to as "HSAs), are one of the cheapest types of medical policies available to individuals and families. They are offered in every state by most of the largest insurers. Rates can vary between $40 and $500 per month, depending on your age, where you live and the deductible and co-insurance you select. If you qualify for a federal subsidy under Obamacare, your premium will substantially reduce.

Does Where You Live Affect Your Car Insurance Rates?

Anyone who has Medicare will have noticed their Medicare number is generally their social security number with a letter added on to the end. If you see the letter "T" in your Medicare number, this means you have both Medicare Parts A & B, but are not yet receiving social security benefits.

Why Does My Landlord Want Me To Get Renters Insurance?

Great question! The death benefit is safe, in nearly all cases, but if you are being pursued by the IRS for some reason, it would be my bet that while they may not be able to seize your money from the payment, they will probably seize whatever asset you put it in. Meaning if you buy a car with the money, and they are busy trying to get money you owe them, I'd expect to see your car disappear eventually. (probably sooner than later) Good luck! Thanks for asking!

How Do You Apply For Medicare Part D In New Jersey?

To apply for Medicare Part D in New Jersey, a good website to go to is: WEBSITELINK . There you will find some Medicare Part D plans to enroll in and how to enroll in Medicare Part D plans in New Jersey. They also provide a phone number where you can contact them to enroll in Medicare Part D.

When Is Medicare Primary Payer?

If your health insurance plan has it's pharmacy benefits integrated then it probably will. The type of plan and the scope of it's coverage will dictate how exactly such a medication is handled. If one has a "rich" level of coverage then one should have no problems what-so-ever, however with plans that offer "thinner" coverage and benefit options one may have to have their Dr. contact the insurance company to state that the medications are a medical necessity (which could be due to ones mental health-depression) this should meet the requirements to obtain approval for such Rx's for E.D.

How To Get Quotes For Homeowners Insurance?

You could call insurance agents within your area for a start. Whe you call please have the following information available. Normally a requires the year of construction of the home, the square footage of the home, type of garage (if any), any decks or porches, basement type (if any), architecture type of the home,distance of the nearest responding fire department, and possibly more.

How Much Is Full Coverage Auto Insurance In California?

Full coverage is always a dangerous term. Most people consider full coverage as having comprehensive a collision coverage's on their vehicle. However this would leave out medical, rental reimbursement, towing and possible more options. With that said the coverage is not actually full. With this question being a blanket question it is actually impossible to answer without a series of questions being asked first such as location, age of operator, marital status, driving history and driving record not to mention type of car. I highly suggest you contact a local agent who can quote you multiple companies to find you the best coverage's and rates to fit your needs.

Does An Inground Pool Increase Homeowners Insurance?

That is a great question! Every state requires an agent that wishes to do business in their State to be licensed, so the answer is yes. You can be licensed in several States, but you have to do them individually, and pay the requisite fees for each. Some may require testing, others won't. I hope that helps, thanks for asking!

How To Buy Disability Insurance Online?

There are two parts of an auto policy that provide for physical damage coverage, one part for you and one part for someone else. The first covers your car and that is the coverage that is found in Collision and Comprehensive elements of your policy. These are subject to your policy deductible. The second element is the liability coverage you have in case you cause an accident and damage someone else's car or other property. A deductible does not apply in this settlement.

How Long Does Car Insurance Last?

The automobile insurance policy has a start date and expiry date. Claims arising from the operation of the vehicle between those two dates and times are covered. Occasionally a company will reinstate a policy that has passed beyond the expiry date. To do so they will almost always require a statement that there werent any potential claims during the period from the expiry date and the date of reinstatement. In those cases the policy will often be back dated to provide continuous protection. This is important when there is a loss payee, such as a bank, that has the authority to order coverage for the vehicle.

Who Qualifies For Life Insurance?

Because life insurance is all about statistics companies can provide life insurance for individuals in a wide range of health. There are some who cannot obtain coverage because their longevity is in immediate risk, however, many who consider themselves uninsurable actually can obtain coverage. When life expectancy is not very long, the premium for the coverage is going to be quite high.

Does Being Unemployed Affect Home Insurance?

$20 a month, if you have a serious accident and can't afford your $750 deductible it does not make any difference. I hope this helps.

Can I Drive My Parents Car With Their Insurance?

Tax deferred annuities have inherent financial value to those who are suitable to purchase the product. Any savings or investment vehicle can be misrepresented or misplaced in a financial plan. But that's a problem with the adviser, not the product. For those in high tax brackets or just someone who wants more than the banks are offering, annuities can make a real contribution to a retirement plan.

Can Long Term Care Insurance Premiums Be Deducted?

Disclaimer: The following answer is not to be considered tax advice. Contact a qualified tax professional before making any financial decision. Yes, long-term care premium payments may be tax deductible. It depends on the tax status of the individual or business entity filing an IRS tax report. The IRS annually publishes the limits on the amount of premium that can be entered into the tax return and where to enter that amount for consideration of tax deductibility. For non-business consideration, that would currently be "Medical expenses" in Schedule A. If by adding the allowable portion of the LTCi premium to Medical expenses causes the total amount of medical expenses to exceed the threshold (formerly 7.5% of AGI, going forward 10% of AGI), then the amount beyond that threshold may be deductible. If not, then the allowable portion of the LTCi premium would not qualify for deduction. For business consideration, the portion of the premium allowable for possible tax deductibility is usually reported on Schedule C. At the present time, only a C-corporation may have 100% of the LTCi premium considered for deductibility. The allowable amounts of LTCi premium for tax deductible consideration are age-based. For insured-ages 40 and under, the published allowable amount of the LTCi premium for 2013 is $360. For those ages 71 and over, the published allowable amount of the LTCi premium for 2013 is $4550. Between that minimum and maximum are various age brackets with different allowable amounts. Those amounts will be adjusted for income-tax-year 2014 and each year thereafter, under current tax law. Tax preparers, accountants, tax attorneys, and tax-preparation software are informed and are updated for each tax year.

What Factors Affect The Cost Of Home Insurance?

Several factors impact the cost of your homeowner insurance. Insurance companies can take into consideration all of the following criteria: Insureds age, insurance score, policy type, claims history, supporting policies, coverage limits, age of the home, location, protection class, home updates, your deductible(s), replacement cost or actual cash value on your limits, etc... As you can see, there are many variables that are taken into consideration. And for what it's worth, I would use price as only one factor when considering what insurance policy or agent to go with. If you have five agents/companies quote your insurance, I guarantee you'll have five different quotes. Not all policies are created equal and it is important to understand what value you are getting for your money.

When Is It Too Late To Plan For Retirement?

Procrastination has economic ramifications. But saving something is better than nothing. Here's a few thoughts that can help if you start today.You need to plan on working until you are age 70 and not taking distributions of Social Security or any qualified retirement plans you use now. Social Security distributions are maximized at age 70 and qualified plans require minimum distributions at 70 1/2. So age 70 is the new retirement benchmark, especially if you're late to the game.

Why Is Homeowners Insurance Important?

When you own a home you assume certain risks. One risk is that you are responsible if anyone is hurt on your property. Another risk is that your home could burn or be destroyed in one of several others ways. Under either scenario you loss might exceed your ability to absorb. Perhaps you have taken a mortgage to buy the house and as soon as it is destroyed you must make full payment. These are a couple of the things that a homeowners insurance policy does. In exchange for a premium, the company agrees to handle lawsuits, and repair and reconstruct your home.

What Does Medicare Plan A Cover?

Medicare Supplement Plan A is required to be offered by all insurance companies who offer Medicare supplement plans. This plan covers 100% of the basic benefits that can be offered by insurance companies under a Medicare supplement plan and is suitable for individuals on a budget who want to have a little more coverage than what Medicare Part A and Part B provides. Medicare Supplement Plan A Covered Benefits: 1) Medicare Part A coinsurance plus coverage for 365 additional days after Medicare benefits are used up 2) Medicare Part B coinsurance or copayment 3) First 3 pints of blood 4) Part A hospice care coinsurance or copayment Benefits not covered: 1) Skilled Nursing Facility Care coinsurance 2) Medicare Part A deductible 3) Medicare Part B deductible 4) Medicare Part B excess charges 5) Foreign travel emergency (up to plan limits) Medicare supplement plans can be purchased through an insurance agent/broker.

When Did Whole Life Insurance Start?

In the mid-1800s a form of whole life that were familiar with was developed. The first life insurance policy was sold be Amicable Society for a Perpetual Assurance Office. Term life insurance preceded whole life as we know it in various forms of annual renewal term. Permanent whole life, not necessarily participating whole life began appearing with some of the first American mutual companies like the venerable New England Life in 1835.

Is Medicare Used Effectively To Assist Americans?

An entrepreneur is often self-employed and carries private health insurance coverage. Typically, they have an HSA or high-deductible plan, although it is not required. An experienced broker can easily assist an entrepreneur with purchasing affordable health care. We know and understand the mostimportantneeds and how to shop for the best plan. If there are family members involves, a comprehensive plan may be the most appropriate.

How To Choose Medigap Insurance?

The best way to choose a Medigap Policy is by working with a licensed independent agent who specializes in Medicare Supplement insurance. We work closely with you to make sure you understand the benefits associated with each Medigap Plan. All Medigap Plan benefits are standardized, so if you want the benefits of Plan F, it's the same exact coverage with every insurance company. The only difference is the price. An independent agent who specializes in Medicare Supplement insurance can work with you to make sure you get the benefits you desire. We shop the insurance market to find the best priced premium. This is a great option as opposed to calling or applying online to an insurance company. Often they are the companies with the higher premiums. It's always in your best interest to start off with the lowest premium for the Medigap plan you want since premiums do increase over time. Thank you for reading my response. Please let me know if I can be of further assistance.

How Much Does It Cost For Renters Insurance?

Individual residences are unique. So are the premiums for renters insurance plans. Check with people who have similar units. Find out what their limits are, from that you can come pretty close to an estimate of what it might cost you. Contact an agent that you trust. Have them design a policy and then you will know exactly what one company will charge for the renters policy.

Does A Single Person With No Dependents Need Life Insurance?

A single person has debt and financial obligations and someone has to pay when they die. You will not leave a load of debt on loved once to pay. It better to die in dignity. Get life insurance. How will you expect your remain to be disposed of if you have no life insurance.

Who Is Eligible For Disability Insurance?

If you take care of 6 kids or less some homeowners insurance companies will let you endorse day care coverage on the policy. However this is a very limited coverage. Otherwise you would need to purchase day care insurance which runs on average in my area of Northern California of 1000.00 annual. Generally you would need to work with an independent agent who can find you the right coverage.

Is Northwestern Mutual Whole Life Insurance A Good Investment?

You can think of "good" in terms of life insurance as a product issued by a solid company at the lowest price possible. The reputation and financial soundness of the company has been discussed above. As to price, you can pay up to 50% less on the same amount and term of insurance from one A-rated insurer to another. What this means is that to get good value on your life insurance, you should comparison shop. Many life insurance websites offer a quoting feature that compares policies available from insurers (from few to dozens of insurers). Obviously, the more choices, the better odds that you will get the lowest price on the insurance you are looking for.

How Long Can You Keep A Child On Your Health Insurance?

One of the first changes to come from the passage of the Affordable Care Act (ObamaCare) when it was passed in March of 2010 was to extend the period of time that a child could be covered as a dependent under their parent's major medical insurance. Children can be covered under their parent's health plan up to age 26. The child does not have to be dependent uponthe parent and it does not matter if the child is employed and has coverage available through their job or if they are married and could be covered under their spouse's health insurance.

What Kind Of Insurance Is Needed For A Home Daycare?

Great question! One of great things about life insurance (as well as annuity contracts and IRA accounts) is the disposition is generally controlled by the beneficiary designation. Courts are very reluctant to interfere with a valid beneficiary designation. When do we see problems? When the account is not periodically reviewed and the beneficiary designation -- for example a parent is named and they have passed away but no new beneficiary has been named. Of course life insurance proceeds will generally become part of the probated estate when the estate is named as the beneficiary. Easy fix? Be sure to name primary and contingent beneficiaries and review them periodically! Hope that helps...

How Long Can Children Be On Parents Health Insurance?

Children can be on their parents' health insurance plans until they are 26 years old. However, it may be more cost effective at a certain point before then to have them go on their own individual plan or group plan through their employer if they are employed. You should consult with an experienced health insurance broker regarding your family's insurance plan benefits and costs to determine the if there is a more suitable program for your family's specific needs. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.

Where To Buy Individual Disability Insurance?

Health insurance will only cover cosmetic surgery if it's medically necessary. If you're getting an elective cosmetic procedure done, you would be responsible for paying the entire cost of the surgery out-of-pocket. Because surgery is very expensive in general, it's always good to talk to your agent/insurance carrier to see if a procedure would be covered.

What Does ROP Mean In Life Insurance?

ROP stands for Return of Premium in life insurance. It generally refers to term life insurance where you get back all the premiums you paid in if you keep the policy until the end of the term. After about half the term has passed, a portion of the premiums may be returned if the policy is dropped early. ROP policies usually cost substantially more than regular term policies. Unlike regular term, longer terms in ROP term usually cost less than the shorter terms, because the insurance company is able to hold onto the premiums longer before returning them.

How Much Could Disability Insurance Cost?

Disability insurance depends on a number of factors. The cost (your premium) is based on a number of factors - the most important being your medical history, your job, and your income - and the policies are very customizable. This is a very important type of coverage to have that many don't think about. It protects one of your greatest assets - your ability to work.If you can't work because of an injury or illness, how do you provide income for you and your family. The answer? Your disability insurance. When you're buying a disability policy, the MOST important factor in the policy structure is the DEFINITION OF DISABILITY .Each policy will use 1 of the 3 definitions: 1) True Own Occupation - this says you are considered totally disabled if, solely due to injury or sickness, you are not able to perform the material and substantial duties of your occupation, even if you are at work in another occupation. In short, this is the most favorable definition you can have. 2) Modified Own Occupation - this says that you are considered totally disabled if, solely due to injury or sickness, you are not able to perform the material and substantial duties of your occupation. This one is commonly seen in many individual disability insurance policies. 3) Gainful Occupation - this says if you are unable to perform the duties of your occupation or any occupation for which you are qualified for by education, training, or experience due to sickness or injury. In short, this is the least favorable definition. This one is commonly seen in group disability insurance policies through an employer and property and casualty insurers that offer disability coverage. There are many moving parts to disability insurance and is not something I would suggest trying to buy on your own - this is a type of coverage you should consult with an experienced independent disability insurance broker about. I hope the information is helpful - please feel free to contact me for help with your coverage and if you have any other questions. Thanks very much.

How Many Employers Offer Disability Insurance?

If your employer offers a company sponsored group benefit plan the odds are that you have short term disability coverage. But check with your human resources department to confirm. The majority of businesses do not offer individual disability insurance to the rank and file employees. Thats generally reserved as a recruiting and retaining key employees.

What Is A Life Insurance Certificate?

A life insurance certificate is a certificate of insurance saying that a policy was purchased, and that outlines the basic provisions of the policy. When you are enrolled in a group policy, you may be given a life insurance certificate. You may need to order a certificate of insurance to prove to a lender or other entity that you have that coverage. For your own individual life insurance, having a copy of the policy is sufficient and preferable.

Does My Homeowners Insurance Cover Lost Wedding Ring?

Great question. Generally no, your Homeowners' policy will not cover for anything that is lost. This is referred to as "Mysterious Disappearance" in your policy documents and is usually listed as a specific exclusion. That having been said, you can certainly obtain coverage for such a loss by working with your insurance professional and asking that the item be insured specifically either as a rider which is attached to your Homeowners' policy or as a stand alone separate policy. You will need to provide a current appraisal and the item would be insured to the stated amount on the appraisal. Such riders or separate policies (commonly referred to as "Personal Inland Marine") include much broader coverage than does a standard Homeowners policy and will cover for such a loss.

Can You Put Money In A 401K And A Roth IRA?

That is an excellent question! Not only can you, but you should! It is an excellent strategy to maximize as much as you can afford to the amount you can contribute to your retirement funds. Contribute as much as you can to the 401 to earn the employer match, it's free money, in a way, and you should take advantage of it. Your Roth will allow $5500 a year ($6500 if you are 50+) and after your 401, contribute as much of that as possible. The earlier you start, the better, and by maximizing your contributions now, it will help balance out when the time comes that money is a little tighter, and you can't contribute as much. Thank you for asking!

Can You Cash In A Universal Life Insurance Policy?

Yes, you can cash in a universal life policy. Discuss the ramifications of your decision with your agent, first. If you do cash it in, you can roll the cash value over into a new permanent policy without paying taxes on the cash. To cash it in, you call the company through which it was issued.

Does Homeowners Insurance Cover Water Damage In Bathroom?

The flu vaccine is covered and is treated as preventive care. Preventive care should be covered at 100% since the passage of the health care reform. Please be sure to inform the pharmacy about this benefit as there is currently a lot of confusion and people are paying out of pocket.

When Does Health Insurance End When Leaving A Job?

If you leave your job or are terminated your health insurance usually ends at the end of the month you left your job. At that time you would be eligible for COBRA continuation coverage for 18 months or you could purchase indivdiual health insurance. COBRA used to be the best option if you had a pre-exisitng condition but under the Affordable Care Act, commonly known as Obamacare, you can purchase individual coverage with no issues. You have to prove that you have a qualifying event under the IRS code which is a letter of Creditable Coverage from your former health insurance company or employer.

Does State Farm Renters Insurance Cover Theft?

Whetherit be State Farm or another insurance carrier if you purchased property protection with your renters policy you would be covered for theft on or off yourpremisesminus your deductible. Contact your local agent to discuss any potential theft loss. Also this is a good time to review your policy to make sure youcoverage'sare adequate for ever changing needs.

Does Renters Insurance Cover A Lost Engagement Ring?

Your renters insurance may provide some limited coverage for a lost engagement ring less your deductible. Many renters policies will provide limited coverage for jewelry, electronics, appliances, and other personal items. Please remember every policy is different. Read your plicy completely to understand the coverage provided and any exclusions that there may be within.

Who Can Sell Annuities In Tennessee?

If the household relies on both of you as wage earners, then both of you need life insurance. One major factor to consider is annual salary. You should get at least 3 - 5 times this number. Other things to consider is amount of debt (mortgage, credit, loans etc.), children's college tuition and any attained assets currently owned. All these things among others should be considered when figuring out how much life insurance should be purchased for the wage earner. This is why it is very important to speak to an Agent about purchasing Life Insurance.

Who Is The Biggest Life Insurance Company?

The world's biggest life insurance company, measured by assets, is Japan Post Insurance Company, Inc, according to WEBSITELINK The next largest is AXA S. A. (France), then Allianz (Germany). The largest insurance carrier in the United States is MetLife per this chart. Assets were measured 3/2011.

Does Renters Insurance Cover Damage To The Property?

Under Obamacare adult children can stay on their parents' health insurance until they are 26. The law allows you to be on your parents's plan if you are married. You may have to convince your parents tha,t although you are married, can vote, drive and serve in the military, you still need to be on their health insurance.

What Renters Insurance Should I Get?

Tax deferred annuities can be product solution for long term savers, investors or those in high tax brackets. Guaranteed fixed interest rate annuities that are 7 or 10 years may be too long a position with the recent uptick in Treasuries, so most fixed interest rate annuities with five year or less may be a consideration. If you believe the market has topped out and a correction is at hand then indexed and variable annuities could be risky products. But if your market expectations are positive both of those types of annuities could be a consideration.

Can You Get Health Insurance As A Real Estate Agent?

My sick sense of humor almost tempts me to say "No, real estate agents are specifically excluded from getting health insurance by law" but I won't do that. Yes, you can get health insurance. What you do for a living has no bearing on your eligibility for health insurance, especially now that ObamaCare is in full effect regarding guaranteed issuance of policies. In my experience, most real estate agents are self-employed/1099 contractor status people and not W2 employees of an agency. So, this probably means that you will need to get individual health insurance either through your state's government health insurance marketplace or outside of it. So, just like you would tell those "For Sale By Owner" folks, you need to seek out an experienced health insurance agent who can assist you in obtaining coverage. If you have been without health insurance for more than 60-days and haven't had what is called a "change of life status event" (marriage, divorce, childbirth/adoption, loss of other coverage) then you are in a time frame where you would be ineligible for enrollment in true major medical insurance until the next annual open enrollment period begins on November 15th, 2014 and the earliest your coverage could go into effect would be for January 1st, 2015. I hate to be the one to deliver this news but that is how ObamaCare works. Your only coverage option to carry you through until then would be to take out a Short Term Medical insurance plan. There are a variety of short term medical plan options available. However, you need to be aware that short term medical plans do still use limited underwriting questions, can decline a person for coverage and they do not cover pre-existing conditions. Please feel free to contact me if you need advice or assistance in this matter.

Why Do People Buy Disability Insurance?

People purchase disability to protect the paycheck from periods of sickness and injury. Most Americans only have around 90 days in cash reserves. Even among young people, the average disability period easily exceeds 90 days. Protecting your earning power against these unforeseen events is the primary motivation in purchasing disability insurance.

Will Insurance Cover A Tree Falling On My Car?

The Comprehensive portion of your policy's physical damage coverage would cover the damage caused to your car by a falling tree provided that the car was parked and stationary at the time. The claim would be settled subject to your deductible of course. Talk to your Insurance Professional about the specific terms and conditions of your policy. .

Does Medicare Pay For Ambulance Rides?

Medicare will cover ambulance transport when your situation is considered medically necessary and any other form of transportation would be a danger to your health. Medicare will only cover the cost of transport to the closest facility that is able to treat your condition. Be aware that non-par providers are allowed to balance bill above the Medicare allowance.

What Is Retirement Survivors And Disability Insurance?

Retirement, Survivors, and Disability Insurance is a reference to three of the benefits that Social Security pays to those who have paid into Social Security taxes. The "retirement" part refers to Social Security income that people get when they retire. the "survivors" part refers to the Social Security income benefits paid to dependents of a qualified deceased person. And the "disability" part refers to Social Security Disability benefits disabled persons receive if they are qualified.

Does Medicare Cover In Home Care For The Elderly?

AARP auto insurance is a program written through The Hartford. Only the Hartford can offer the AARP discount to both home and auto insurance. I personally have the Hartford AARP, not just because the rates are competitive but because the coverage's offered by the Hartford are excellent and are among the best and broadest in the industry.

Does Homeowners Insurance Cover Loss Of Use?

That is a great question! It isn't a Federal law, but it is in most States, Counties, and Cities. The damage and expense of uninsured motorists is something no one wants, so it is pretty much everywhere that you will find a law about having insurance if you want to drive. The penalties for driving uninsured are very high, and it is so much more worth it to spend the money on the policy. Please do not consider hitting the road without it. Thanks for asking!

How Much Disability Insurance Is Enough?

Typically disability insurance benefits are equal to a maximum of 60% of the insured's income. The maximum one can buy then is based on the annual income of the individual. If you can live comfortably on a lesser amount than 60% of what you earn, then you may consider buying a policy that would pay less than 60% of your earned income.

Which Pharmacies Accept Medicare?

If you have a Medicare Part D (Prescription Drug Plan), you should be able to call your Part D insurance company to find out which pharmacies are in your area that accept your Plan. Another way to find out which pharmacies accept your Medicare Part D plan is to visit medicare.gov and choose the tab that says Drug Coverage (Part D). Scroll to the bottom of the list and select Find Health and Drug Plans. You will now be on a page titled Medicare Plan Finder. Enter your zip code in the General Search box and click on the Find Plans button. You are now on a page that is Step 1 of 4. Complete the appropriate information for the questions asked and click the Continue to Plan Results question. Step 2 of 4 asks you to enter your drugs. Youll need to enter the name of at least one drug. Once completed, you can submit the list and youll move to Step 3: Select Your Pharmacies. The database will show you pharmacies in your area. You can change the range of miles within your zip code from 1, 5, 6, and 8. The database provides phone numbers for the pharmacies. It is in your best interest to call the pharmacy and make sure they accept your particular Medicare Part D plan before venturing out to fill your prescription.

My Agent Told Me I Was Covered For Prenatal Care, But Now I'M Pregnant And Found Out I'm Not Covered For Anything Maternity Related. What Do I Do?

If you were missled by your insurance "professional" then you can recieve financial indemnification. It does not matter if the information that you were provided was provided in good faith, or if you were intentionally misled. Generally all Life/Health Agents/Brokers must have at least $1,000,000 (per incedent) in Errors and Omissions Coverage to protect them from this type of situation. The best way for you to proceed would be to contact your State's Department of Insurance, there should be a toll free number on their website and an option that will direct you to consumer protection and assistance.

What Is Covered With Renters Insurance?

Your coverage will vary from policy to policy and carrier to carrier. Typically a renters insurance policy will provide coverage for losses caused by fire, smoke, lightning, and other perils. It will also typically provide some monetary coverage for accidents that occur on your covered premise that you are deemed responsible for and money to secure another place of residence after being displaced by a covered loss. Remember every policy is different. Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you.

Who Should Buy Whole Term Life Insurance?

Assuming the question is referring to a participating whole life insurance product with a term rider, you need to determine you suitability for such a product and it's design. If you're seeking death benefit coverage, guaranteed universal life may be less in premiums. If your coverage is only temporary, then you should consider term life insurance.

What Does A Retirement Plan Do?

A child rider on Term life insurance adds life insurance to your policy that will cover your child(ren). It is usually available to children age 15 days to approx age 17 (the age varies by company). You select a face amount of the child rider, usually between $5,000 and $25,000. This that would pay if a tragedy occurred in your family, and you lost one or more of your children. The child rider benefit would pay that entire amount for each deceased child. The rider pays for death by any reason, just as your policy does, with the exception of suicide in first two years, or if your child had a serious health condition that was not disclosed on the application and death occurred during the first two years of purchasing the rider. If your child has type 1 diabetes, intellectual disability, or other maladies, unfortunately, they will not be able to be on the rider.Therefore, it is good to get the rider while your first child is young; then the rest are automatically added. While few children pass away, the real value of a child rider can come when your child turns approx 25 (again, the age varies by company). At that time the child rider can usually be changed to a permanent life insurance policy of about 5 times the face amount of the child rider. They do not ask any health questions, so if your child developed an illness after being put on the rider, it will not matter. They will then have a reasonably priced life insurance policy for the rest of their lives.

How Safe Are Fixed Annuities?

Tax deferred, fixed annuities are based on the contractual claims in the annuity policy. The contractual claims in the annuity policy are as good as the financial strength and claims paying of the annuity company that issued the policy. Generally, fixed interest rate annuities guarantee a rate for a period of time like 5, 7 or 10 years. The annuity insurance companys portfolio is generally dominated by government bonds.

Can I Be Denied Health Insurance In 2014?

Under The Affordable Care Act there will not be any medical underwriting associated with getting a health insurance policy issued. That means that if you are not in great health, you can still get health insurance to help pay your medical expenses. There are also federal subsidies available that are income-based where you may qualify for government assistance to pay a portion of your insurance premiums.

How Can Life Insurance Companies Tell If You Are A Smoker?

Life insurance companies can tell if you are a smoker by testing blood and urine, by asking about tobacco use on the application, sometimes by doing a phone interview, and sometimes by looking at medical records. The insurance companies can't always tell, but it is surprising how many people get caught using tobacco when they think they won't. And once that trust is broken between what was stated and what is true, the underwriters don't give you much benefit of the doubt for anything else.

What Is The Right Amount Of Homeowners Insurance?

Talk tot your insurance professional and ask for a current "Reconstruction Analysis" for your home. Be sure to detail any improvements or renovations that you may have made so that these can be properly factored into the calculation. The result of this analysis, if completed properly, will be an accurate measure of what it would cost to reconstruct your home as it is today, should it be severely damaged or lost due to a covered peril. Once this figure is determined, be sure to ask if the policy includes a form or "replacement Guarantee" to make sure that moving forward you will remain properly covered.

What Does Whole Life Mean In Insurance?

Only you can decide if you need a Medigap plan. Original Medicare will only cover about 80% of your approved Medicare Part A and Part B claims. Deductibles, copay's and coinsurance can leave you owing several thousand dollars in out of pocket expenses. Medigap plans can protect you from having to pay thousands of dollars in out of pocket expenses should you become seriously ill or have a major accident. #GeorgiaMedigapPlanRates #GeorgiaMedicarePlans #GaMedigapQuotes

Why Buy Long Term Care Insurance?

You should purchase long term care for your retirement years. The statistics are significant that youll experience a need for assisted living or perhaps nursing home confinement. The average married couple spends $250,000 on medical and extended care during their retirement years. Securing long term care is important, especially when you're healthy and heading into your late fifties, early sixties.

Will My Homeowners Insurance Cover A Leaky Roof?

The damage caused as the result of a leaky roof is probably covered. The damage to the roof would be covered if caused by a named peril. If the roof leak is covered it will be covered as a depreciated item by most insurance companies, rather than replacement. It is important to stop the leak as quickly as possible regardless of whether there is coverage or not. The damage to a house by water can be quite severe.

What Does Disability Insurance Mean?

Disability insurance is just that! It covers you should you be unable to perform your job due to an accident or illness. Some companies consider disability to include "any occupation" while others consider disability to mean that you are unable to perform the duties of your own occupation. When selecting a disability plan make sure you choose "own occupation" over "any occupation."

Who Can Purchase Life Insurance?

Anyone who can prove insurable interest between the insured and the beneficiaries as well as justify the amount of coverage may apply for life insurance coverage. The second condition is your health condition. Life insurance is a mortality product. Your premium will be a function of your health, the healthier the insured, the lower the premium.

Why Should You Have A Retirement Plan?

Retirement planning is paying yourself. Disciplined despots into a retirement plan from every paycheck, no matter how small can help you develop a habit that you'll appreciate when you retire. You only need to look to the baby boomer generation and their under funded retirement accounts to give you a glimpse into your future. How you save today will determine your lifestyle in retirement.

Does Medicare Part D Cover Cymbalta?

That is a great question! The answer is you really don't want to. First, most States will require that the car be licensed and registered in the same State, and levy fines or license suspensions if they find it isn't. The insurance company will more often than not deny a claim, or even cancel your policy if they find that you misrepresented where the car was being used. All in all, it's not a good idea. Thanks for asking, though!

Should Car Insurance Increase Every Year?

If the cost of auto repairs hasnt increased and damages awarded in lawsuits hasnt increased, auto insurance probably shouldnt increase. Your state insurance commissioner keeps a close eye on insurance cost in your states. He does this for two reasons. The first is to make sure that the public isnt being charged too much and the second is to make sure that the insurance companies are taking in sufficient money to honor all of the promises that they have made. The real cost of automobile insurance is determined when you have a claim. If the policy limit is exceeded and angry people are suing you, you paid too much for your insurance. If your policy had high limits and took care of everything, then you bought cheap insurance. Having to settle a claim out of your own pocket is the most expensive form of insurance that you can purchase. The reason that insurance premiums increase is that the company pays out more than it can afford to pay out. It is a simple balance sheet calculation. When the company finds that they are paying out more in claims than they are receiving in premiums they file with the state insurance commissioner to review and adjust rates in your state. Several things cause the claims experience of a company to increase. It could be that the frequency of claims increases. This could be the result of reduced safety enforcement, poorer road conditions or a variety of other causes. It could be that the severity of claims has increased. This would be the result of an increasing number of accidents turning into lawsuits. It also could be caused by juries making increasingly high awards to those injured in accidents. It also could be the result of increased medical costs in your area. Another factor could be the cost of auto repairs. Materials and parts tend to become more expensive over time and this could affect the claims experience of a company. It is important to note that most companies in the state will feel similar pressure at the same time as those factors affect all the companies. There are moral factors that also come to affect the premiums of auto insurance. When drivers report fewer annual miles than they actually drive, that increases their exposure without increasing the premium for their policy. If people allow other drivers to operate their vehicles without adequate supervision of screening risky drivers could be populating the streets. Even though your state requires that vehicles be insured we all know that some are not and that expense has to be shared somewhere. A frequent abuse is the pizza delivery man who is driving the family sedan. His insurance policy never knew he was doing that and has a risk that hasnt been properly evaluated. There are far more lurid cases but my all-time favorite is the family sedan that has steel tanks welded underneath the body to carry illegal liquor. All these moral issues also affect the premium.

What Happens To People With Cancer And No Insurance?

Since you are asking this in the critical illness section I will assume you have health insurance. Your major medical health insurance plan will pay the bulk of your medical bills but you will still be personally responsible for your out of pocket costs including copay's, deductibles, coinsurance and so forth.

What Is Long Term Health Insurance?

I am going to take a stab at this as I am not quite sure what the question is. Health Insurance is not necessarily long term unless you have it for a long time however you may switch between different plans. If you are asking what is Long-Term Care Insurance then I will also answer this: Long-Term Care provides a benefit when you have chronic illness needs. Pays for Nursing Home & Care programs, assisted living situations, in-home support and more.

How Much Coverage Do I Need For Renters Insurance?

That is a great question! Whole life policies start to accumulate a cash value after the first couple of years the policy is in force. Over time, this cash value can grow to be a fairly substantial amount of money. In the event that you needed some quick cash, you can borrow from this fund, pretty much no questions asked. To do this, you just contact your agent, and ask if your cash value is great enough to cover what you want to borrow. I suggest this, because the amount borrowed can be enough over time with interest to cause your policy to become insolvent, and you are left without insurance. Your agent can help determine how much you can safely borrow (especially if you aren't really planning to repay it). They will write you a check, and you now have tax free cash in your hands to use as it's needed. Bear in mind that your death benefit will be reduced by however much your loan with interest is at the time you pass; and that if the interest on the loan exceeds a certain amount, the company will cancel your policy. But it is still the best way to get quick cash without any credit hassles. I hope that helps, thanks for asking!

Where To Get Renters Insurance?

That is a great question! There are many companies that offer renters insurance. You want to look for one that has a good reputation, and the money to back it up. You can look for an independent agent (one not tied to a brand name), and often your complex managers can refer you to a company ( and often a discount!). Good luck, and thanks for asking!

What Does Suze Orman Think Of Variable Annuities?

Suze has a online summary digest called "Truth About Annuities." About half way through the document she addresses variable annuities. Oddly enough she seems to give variable annuities a relatively fair expose' or treatment in her description and potential prospects for variable annuities. It's worth the read to understand her position.

Which States Have The Best Health Insurance?

There is no objective answer to your question. The term "best" means different things to different people. In general terms states that have more health insurance carriers offering their services will have more competition and more choices for consumers which may translate into lower average costs and more options than a state with more limited competition within its boundaries. But no one can really say, for example, that California has better health insurance than Florida, just that you will have different options and different price points (even from a national health insurance company like AETNA or CIGNA).

Can Anyone Take Out A Life Insurance Policy On Anyone?

No. There must be insurable interest as defined by economic loss at the demise of the policy insured. If no such financial liability can been established the life insurance company will deny the application. Unrelated parties with no business nor personal economic relationship cannot take out a life insurance policy on someone else.

What Is 10 Yr Term Life Insurance?

That is a great question! A ten year term policy is one that provides you with the specified amount of coverage for the ten years as defined in your policy. On the day your policy expires, you have no more coverage, and no cash value or benefit to take from it. You can renew your policy, but it will dramatically increase in price. Typically a policy like this is to insure against a short term loss, like covering a college career, or a mortgage, or to provide a cheaper form of life insurance when money is tight. If you would like more details, please feel free to contact me, okay? Thanks for asking!

What Does PCN Stand For On A Health Insurance Card?

PCN stands for Processor Control Number. In short, this is one of the identifcation codes related to your prescription drug plan that the pharmacy needs to determine if the prescription will be covered under your drug plan and how it would be paid, if covered. I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any further questions. Thanks very much.

How Long Should You Have Term Life Insurance?

The length of time needed for a term life insurance actually depends on the reason the policy was purchased. If the policy was purchased to insure a debt and the debt is repaid, then the policy may need to be cancelled. If the policy was purchased to replace income and the need is still present, then the policy should be left in force or reviewed to be changed if need be,

Will Homeowners Insurance Cover Roof Damage?

Most advisers recommend the day you start working full time. Most American workers have 90 days in cash reserves to pay household expenditures. The average long term disability is around 30 months and the odds of a disability event during your working years is significant. And while Social security disability is available, its benefits may not be enough, so purchasing individual disability insurance is necessary and part of your defensive financial plan.

Does Renters Insurance Include Theft?

If you're insured with a reputable company and a good agent, your renters policy should include theft. All a renters policy is is a homeowners policy without the building coverage. It's there to cover your stuff and your liability. It's rare, but there are companies that offer coverage that may not include theft. This coverage form is called "Basic Form" and it will not cover theft. Never, never, never accept a policy written on a basic form for your renters coverage. The most common form is Broad Form, and it will cover theft. Most companies and agents will use this when writing your renters policy. Don't accept anything less.

Where To Buy Good Life Insurance?

That is a great question! While they may also look for other things, as a rule they will look for these things:Your sugar levels, for diabetes; cholesterol/triglycerides for heart disease/stroke risk; drug, alcohol and tobacco use (both illegal and legal drugs); chemicals that show kidney health and liver health; proteins that show cancer risk; HIV and hepatitis. All of these things help validate the truthfulness of your answers, and assess their risk insuring you. Great question, thanks for asking it!

When Is Permanent Life Insurance A Good Idea?

When permanent life insurance is a good thing? That depends on who you ask! Some would say only if you have dependents or someone you want to leave an inheritance to. But the fact is that Whole Life is perhaps the safest way to grow your money! It offers a guaranteed interest rate and with mutual providers it also offers dividends. It is a much better vehicle to save and grow your money that any bank instruments - guaranteed returns and Liquid for your use. Also with tax benefits not offered anywhere else! So when is permanent life insurance a good thing...ALLways!