imsumit18/insurance_training_data huggingface dataset:
Most insurance plans will not cover the reversal of a voluntary sterilization or any treatments designed to overcome infertility. There are fifteen states with insurance mandates requiring some form of coverage for infertility, but every one of these mandates specifically excludes covering reversal surgeries. The best alternative is to take advantage of the tax deductible expenses, and to buy extra coverage for any resulting pregnancy: lower deductible health insurance, short term disability, hospital indemnity.
Since the purpose of life insurance is usually to protect someone from an economic loss that would be caused by the death of the Insured person, this is a good question. Why do kids need life insurance? In light of the stated purpose, perhaps this need does not exist in your family. If the unspeakable happened and you lost a child, you may have plenty of resources to cover final arrangements, even if there were medical bills. If not, then a life insurance policy for a child, or putting the child(ren) on a child rider on your policy, would be a valid choice. However, because I specialize in Impaired Risk life insurance (life insurance for those who have health conditions or other risk), I see the biggest advantage of kids having life insurance as ensuring they will be able to get affordable life insurance for the rest of their lives. There is a huge advantage to getting them insured while they are still healthy. E.g. A child who develops type 1 diabetes will not be able to get a life insurance policy until they are at least 16 years old, and then far above average rates will follow them the rest of their lives. If they got even a term policy before developing diabetes, the policy can later be converted to a permanent policy at the same health rating they got before they were diagnosed. If on a child rider, they can get 5 times the amount of the rider rated Standard when they become adults, no health questions asked. There is a tendency to not think about life insurance until there is a scare in one's health. Having life insurance as a child just takes care of it, no matter what the future brings.
Homeowners insurance will not cover plumbing for normal wear and tear. In other words if the pipes just get old and you need new pipes they are not covered. If a pipe were to burst suddenly and flood your kitchen for example the insurance would pick up the damage caused by the water but will not fix the pipe. This is assuming of course water damage is not excluded from your policy.
Yes, you can. However, the no exam aspect only applies to the blood and urine tests. Insurance carriers still look at your medical history. When applying for a life policy insurers tend to look at two aspects health wise. They review your medical history as far back as a decade through both your doctor (chart notes) and the Medical Information Bureau (think of it as similar to a credit report.). They also take blood and urine samples (possibly an ECG as well) to get a "snapshot" of the day the examiner visited. This level of information allows a more complete risk review when pricing a policy. The rule of thumb is the more questions asked the lower the cost of the policy. The fewer questions asked the more expensive. So a no exam company will probably have greater premiums charged than a full exam company for the same person. Sometimes this is a considerable amount of money paid out to skip the exam.
Renters insurance covers your belongings whether they are in your garage or in your apartment or wherever they are as long as the loss is covered under the policy subject to your deductible. It has to be a covered peil such as fire, theft, vandalism, lightening, wind or other perils specified in your policy.
There are many factors and unanswered information that is needed. What type of sports car what year and your driving record and what state you are in. I can tell you that I have an insured that has his newerFerrari and is in his mid 40's and is paying less then 200 a month full coverage of course but with 0 deductibles. But he also has and older Ferrari and it had full coverage and pays 200 a year for it with 0 deductible. So to be able to give you a more accurate answer you would need to provide more information
It is unknown whether Medicare premiums will go up in 2014. Medicare rates changes for the following year are announced about the middle of October or November of the year before. To see what the premiums will be in 2013 check the Medicare.com website about midway through the fall of 2013.
Most student health insurance plans are quite limited in scope. They normally provide benefits limited to the student health center on campus but may also include benefits for a hospital that is near the campus. These plans usually do not cover pre-existing conditions, or if there is pre-existing coverage there is a long waiting period. Student health insurance plans typically track the school year and terminate in the summer when the school year ends. There are no carry over or runoff benefits.
Car insurance rates in New York are determined by many variables. Some of the most important factors are your driving record (including other family members), your zip code or county, your age, the type of vehicle you drive, your credit history, how the vehicle is used and the types of coverage you carry. Additionally, the company you are insured with plays a big role in determining the rates. So...how do you get a free quote for car insurance in New York? A reputable nationwide (or New York based) car insurance website will zoom (pun intended) you to your destination. Typically, you can compare the best offers and get expert advice at no cost.
I will assume you are talking about a health insurance plan that offers first dollar coverage, meaning you pay a premium and the insurance company pays for everything else. In today's market place, there is no such animal. All plans have some type of cost sharing built into them. It can be in the way of deductibles, copays, or co-insurance. The question could also be referring to what most call major medical insurance. These policies pay your doctor and hospital for treatment you received (after you pay the copay or deductible). There are some plans call indemnity (sometimes called supplemental) plans. AFLAC is a well known seller of indemnity plans. While they have their place in the market place, they should not be confused with major medical insurance. Major medical insurance will protect you against a large medical bill (say $100,000+); while indemnity plans are designed to pay you a fixed about of money based on the limits of the policy. You want to have a major medical plan in place first, then possibly add an indemnity plan second.
Tax deferred annuities are considered an asset. An annuity policy owner can pledge their annuity policy as collateral. But there are some considerations. Surrendering a non-qualified annuity during the surrender period may incur terminal charges, trigger an ordinary income taxable event from policy gains and penalize the policy owner 10% if they are under age 59 .
Medicare Savings Accounts (MSA) is a specific type of Medicare Advantage plan that may or may not be available in your area. Similar to the HSA (health savings account) for major medical plans, the MSA combines a high deductible Advantage plan with a tax favored savings account. These are not for everyone but there are definite advantages.
I not certain how having or not having automobile insurance would have an effect on renting a Uhaul trailer. If you are asking if your automobile insurance would extend to covering the rented Uhaul, the answer is maybe. Your automobile insurance liability coverage will typically travel with the insured not the vehicle, but comprehensive and collision coverage do not travel with the insured theyprovide coverage for thevehicle listed on the policy.
Yes, a 401K would count as a retirement plan, but ideally it will be supplemented by other vehicles as part of a complete retirement plan. 401(k)s are qualified plans which means the money goes in pre-tax and is tax-deferred until it is taken out in retirement. 401(k)s limit the amount of contribution and there are penalties if the money is accessed before the age of 59.5. The funds saved in a 401(k) are tax -deferred which is good, but it might not be your best option if you are in a higher tax bracket at retirement. Depending on how your 401(k) is invested, there may be market-risk to be aware of as well. A 401(k) can be an important part of a retirement plan, but it would be best to only contribute up to the company match and use a tax-free option or different vehicle to save above the company match.
The easiest way to afford health insurance is to qualify for the new Obamacare federal subsidy. It's based on household income, and you could receive enough money to pay for most, or possibly all of your premium. An experienced broker (along with our websites) are perhaps the best and most trusted resources to help determine if you qualify for the subsidy, calculate it, and compare the cheapest available healthcare options.
Most US health insurance plans cover out of country medical expenses. There are limitations on covered expenses when you travel out of country. It is always a good idea to purchase an international travel medical insurance plan to cover items not included in your US health insurance plan. Otherwise you could incur several thousand dollars in unpaid out of pocket expenses.
Along with what Peggy said, it's important to note that you can always receive more benefit when you start making more money. Some people think, "Oh, I don't want to buy it now because I'll be making more money in a few years." Don't make that mistake! You can either add a future increase rider to your policy (to avoid medical underwriting), or you can just apply for a second policy when the time comes.
The greatwestlife.com website says this about Travel Insurance: "Our Global Medical Assistance group plan enhancement to your group healthcare plan is designed to provide worldwide assistance to travellers in emergency medical situations, wherever and whenever the need arises." It states that coverage is up to $1,000,000 per covered trip and that they rate the trip on a scale of 1-6, with the option to cover trips that last up to 30 days. Visit their website for more accurate information and to contact Great-West Life.
Keep in mind that if one insurance company will not insure your home that does not necessarily mean that your home is uninsurable. And to take it a step farther.... just because your home does not qualify for insurance with the standard markets, this doesn't mean that it will not qualify for a home with an excess / surplus lines carrier like Lloyd's. Contacting the insurance department is a good idea as I know that PA has the "Fair Plan" and you can go to: WEBSITELINK for some additional info because your state might have a similar site to access. --@MooneyInsurance
Employers in Ohio are required to offer health insurance to their workers although they can avoid any penalty if the family can not afford the healthcare benefits offered. Also, this penalty has been delayed until 2015 to give employers and insurers time to work on specific details of implementation. This tax penalty applies to companies with 50 or more workers and applies to workers and their dependents, including children under the age of 26. Technically, the law does not apply to spouses. "Full-time" would be considered working 30 hours per week. However, having 100 part-time workers working 20 hours per week would qualify as having 50 full-time workers. Here in Ohio, we have enjoyed low health insurance rates, and although required mandates will be raising premiums, there still will be many low-cost options.Most of the major insurers, including Anthem and Medical Mutual, will be participating in the State Health Exchange.
Basic is a relative term and could many things to many people. In my area, with the carrier that I work with, I have seen a ten thousand dollar base renters policy around eight dollars per month. Please remember every carrier sets its own standards for base coverage and determines it's own pricing model for the coverage it offers. Contact a local agent in your area to determine the coverage offered in your area and the pricing for that coverage.
Tricare is never primary over Medicare. It will only pay after all other insurances have paid. If you have Tricare and are entitled to Part A, you must have Part B to continue the Tricare pharmacy benefits. However you do not have to enroll in a Part D prescription plan. If you do choose to enroll in a Part D plan, Tricare will be secondary to that plan as well.
A 401(k) retirement plan is a defined contribution plan that is funded by various savings and investment products. The adequacy of a 401(k) is based on performance of those products and your contributions. Based on the current trends, the great risk to retirement is human longevity. The odds of most 401(k)s being adequate to fund retirement is somewhat slim.
Cash surrender value of the policy is the asset value of a life insurance contract. As property, life insurance has value and is liquid. If the policy owner decides to "cash in" the policy, the insurance company will pay the cash surrender value to the owner within a week or two.
Dog bites would be covered under the liability portion of your homeowners policy. Dog bites have become a big deal over the last several years and dog bite can be a very expensive loss in some cases. For this reason many insurance companies have put exclusions on certain breeds of dogs and will not cover a dog bite. You would need to check with your specific insurance company to see if your breed of dog is covered should a dog bit occur. All agents should be having this discussion with the client before purchasing a policy.
Medicare Part A premiums are $0 for most people. If you have at least 10 years of covered Social Security wages, have lived in the US for at least 5 years and are age 65 or older Part A is available at no charge to you. Most will pay $105 per month for Medicare Part B.
The short answer is it depends upon the state. One of the most basic principles of insurance is a person/company must have an insurable interest in the property. In order to have an insurable interest in an automobile a person must have a valid drivers license and sometimes a registration. If a state allows an illegal immigrant to obtain a drivers license, then that person can obtain auto insurance. If the person cannot obtain a drivers license from that state, he cannot obtain auto insurance and even being behind wheel is illegal. Political debates aside, an illegal immigrant should find a state where he/she can register for a drivers license and get auto insurance. This not only benefits them because they will get property and liability coverage, but it will also benefit other drivers because it provides them something to recover from in the case of an accident.
An LLC can have a qualified or non-qualified plan. Most popular qualified plans with employees are defined contribution plans like 401(k)s. If the LLC is a single person perhaps a SEP IRA should be a consideration, with 25% contribution of income with a cap of $51,000 for 2013.
The Net Asset value of a Mutual Fund is the fund's value per share market value. This is the price investor buy fund shares from the mutual fund company. It is calculated by dividing the total assets of the fund, cash stocks and other securities less any outstanding liabilities by the toal number of shares outstanding. The calculation is done daily based on closing market values. If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
There are guidelines as to how much disability insurance a person can purchase. Generallybetween60 and 80% of earned income. I would purchase the maximum allowable. To keep the premium down you can use longer elimination periods. Determine how long you can function without the income and then purchase a policy that doesn't start until the end of that period. For example, if you have enough liquid savings to pay 30 days of bills, then select a 30 day elimination period. An elimination period acts as adeductible.
You can purchase health insurance with Hepatitis C as a preexisting medical condition. There would be no waiting period before benefits begin, but time is quickly running out. The Affordable Care Act requires that health plans accept all applicants regardless of existing medical conditions. Applicants need to enroll in a plan during the annual open enrollment period through their state insurance exchange. The first open enrollment ends on March 31 of 2014 - in just a few days. Coverage would begin April 1. If you miss this open enrollment window you could enroll in plans with a January 1, 2015 effective date.
This is a good question. Do you mean when the benefits are paid out? For whole life, they build cash value over time that you can borrow against while you are living. Traditional term pays out after death, however there are term policies that pay you back all the premiums after the term is up.
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.
Retirement monies are meant for your golden years. borrowing against your future is altering the lifestyle in your senior years. That said, there are emergencies that may be beyond your cash reserves and your retirement monies may be the only resource available. Most plans charge interest and require a repayment schedule. All loans must be repaid before any transfer to another plan. If your terminated, your loans must be repaid or the the plan administrator may issue a 1099.
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.
The states that either mandate or carry state disability insurance are New York, Rhode Island, California, New Jersey, Hawaii, and the commonwealth of Puerto Rico. Of these, only California directly offers purchase of disability insurance from the state. An SDI tax that is charged to employees is what funds it.
The ideal person that needs disability insurance is the person that's most valuable asset is their ability to earn a living. If someone needs a steady paycheck in order to pay their normal living expenses, this is a prime candidate for disability insurance. You are 8 times more likely to become disabled from an injury or illness than to die.
If your personal property includes a bicycle, it will be covered under a renters policy. If the bicycle is stolen from your unit it will be covered to the property limit of the policy after satisfying the deductible. If you have a $400 bicycle and it is stolen, and if your policy has a $250 deductible, you can expect a settlement in the range of $150. If the bicycle is stolen from the bicycle rack in front of the Biology building then the amount of coverage is reduced to about ten per cent of the personal property limit of the policy. Subject to that reduced limit the claim would be adjusted in the same manner.
Yes, but for certain types of sexually transmitted diseases (STDs) - this is covered under Medicare Part B. The covered screenings include tests for chlamydia, gonorrhea, syphilis, and Hepatitis B and can be done once every 12 months. If your doctor accepts assignment (accepting the Medicare-approved amount as payment in full), then you will not be charged for the screenings.
Medicare Part D prescription drug plans are sold by private health insurance companies. Each plan is going to have a formulary (the list of drugs a plan will cover). Not every formulary is going to cover every drug. You can look up which plans cover your prescriptions on Medicare.gov using the "find health & drug plans" tool.
If you have a Medicare Advantage Plan you can switch to a Medigap Plan during AEP (Annual Election Period). Unless you are in a Guaranteed Issue situation, you will have to medically qualify for a Medigap Plan. There are other times during the year that you can switch from a Medicare Advantage Plan to Medigap. If you have Guaranteed Issue Rights, you can purchase a Medigap Plan in your state during your Guaranteed Issue period. Some Guaranteed Issue situations include: 1. Your Medicare Advantage Plan is leaving Medicare or stops giving care in your area. 2. You move out of your Plan's service area. 3. You joined a MA / MAPD when your were first eligible for Medicare Part A at 65 and within the first year of joining, you decide to switch back to Original Medicare. 4. You dropped a Medigap Policy to join a MA / MAPD for the first time. You've been in the Plan less than a year and you want to switch back. 5. You leave a MA / MAPD because the company hasn't' followed the rules -- or misled you. MA = (Medicare Advantage) MAPD = (Medicare Advantage Prescription Drug) Thank you for reading my response.
If the permanent life insurance policy has accumulated cash values you can borrow a majority of the funds available. There are interest charges to borrow money from your policy. The are many policy loan interest charging methods like zero net cost loans, wash loans, spread loans, direct recognition loans and participating loans.
The face value of a term life insurance policy is referring to the death benefit. It is the amount of money that the beneficiary will receive at the time of death claim of the insured on the term life insurance policy. Usually these face amounts are set at a guaranteed amount for the entire term of the policy.
Surprised no one has answered this question. YES!!! HIV medications are covered under Medicare Part D Plans and MA-PD Medicare Advantage Plans that offer prescription coverage all bundled in one. Check with your plan administrator for specific coverage's though. Anti-HIV medications will always be covered because they are medically necessary to stay alive.
When purchasing auto insruance find yourself a local agent that you are comfortable working with. This person will assist you by providing you with the coverage choices that they have available. Depending on your situation they will be able to help suggest coverage levels to help protect you and your family from potential financial hardships.
No. A boyfriend or girlfriend does not meet the legal criteria for being considered an eligible dependent (you can imagine how complicated that could getin some people's lives). Legally married spouses are still generally considered eligible dependents though that coverage option is evolving rapidly due to a quirk in the health care reform law that does not define spouses as dependents. Natural born and step-children and individuals for which a person has a court order appointing them as legal guardian also qualify as dependents. I'm afraid you'll have to get married if you want to get covered under your boyfriend's health insurance.