imsumit18/insurance_training_data huggingface dataset:
The advantages of life insurance are three fold. The death benefit proceeds can pay the bills, fund future obligations and make a difference for your children and charities. The economic leverage for a healthy insured is significant and the tax advantages considerable. The diversity of the product line can be customized to the individual consumer. The only disadvantage of life insurance, like any other product, is that you have to pay for it.
Yes - Medicare covers walkers under Part B as durable medical equipment (DME) when prescribed by your doctor for use in your home. Medicare will generally pay approximately 80% of the costs - you would be responsible for the other 20%. A Medicare supplement (Medigap) plan can help cover the expenses you're responsible for paying.
As of this date and to the best of my knowledge renters insurance is not required in any state. A landlord may through the rental agreement require any tenant to carry renters insurance. Renters insurance is typically very low cost and can provide protection when you need it. With renters insurance you not only cover your personal property but also adds liability coverage in the event that someone is hurt while at your residence.
Your homeowner's insurance will cover your AC unit if it is a peril included in your coverage. For example, if lightening struck the unit, you would have coverage for the damages. However, if the AC unit stopped working, and it cost $200 to repair, you could not claim that on your insurance.
Most people would want to wait until they are at least 59 1/2 years old to withdraw money from their 401k because that is the age when penalty free withdrawals can be taken. You can take withdrawals earlier, but there will be a 10% penalty for early withdrawal. There are exceptions to the 59 1/2 age requirement: You become totally and permanently disabled. You terminate employment through permanent layoff, termination, quitting or taking early retirement in the year you turn 55, or later. Pay for medical care up to the amount allowable as a medical expense deduction in the same year as the medical expense was incurred. Your withdrawal is a response to a qualified domestic relations order. You are required to begin 401k withdrawals by April 1 of the year following the year in which you turn 70 1/2. Regardless of when you take your withdrawal from your 401k, the amount you take out will be taxed as ordinary income for that tax year. You should always seek out a qualified financial professional for help in these situations prior to taking action.
In a fire your homeowners insurance will pay for damage to your personal property, the additional cost of finding alternate temporary lodging and will adjust the claim on the basis of replacement cost if you selected that coverage. If there are liability claims arising out of the fire your liability section will defend and pay awards up to the limits of the policy.
According to the Bureau of Labor Statistics (BLS) in 2010, which is the most updated information presently available, there were 411,500 insurance agents in the United States. The Bureau projects that over the next 10 year period, employment of insurance agents will grow at about 22%, which is faster than average for other industries.
It is typically called a soft hit on your credit score and it should not effect your score. For example if you are buying a house and your mortgage broker runs your credit score he wouldn't be able to tell if you were getting quotes for your new home or not by looking at your credit report.
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.
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.
Under certain conditions, Medicare Part A will cover intermittent or part-time home health care provided by a skilled nurse. Again, Medicares requirements for receiving home care are quite strict. Medicare will pay for home health care to treat an illness or injury only if a person meetsallof the following requirements: A doctor must determine that medical care is needed at home and must make a plan for such care. The person needs intermittent skilled nursing care, physical therapy, speech therapy, or occupational therapy. The person is homebound, which means generally unable to leave home (when a person leaves, it must be infrequent and for a short time only, such as to go to a doctors appointment). The home health care agency must be Medicare-approved. Keep in mind that unlike Medicares nursing home benefit, a person does not need to be admitted to a hospital first in order to qualify for Medicare home health care. In addition, services will be provided on an intermittent or part-time basis only by a visiting nurse, therapist, or home health aide. Medicares home health care benefit does not pay for 24-hour full-time care. Medicare generally limits its home health care benefit because the program is only designed to serve individuals who need intermittent care for a relatively short period of time rather than care on a daily basis. Once a person is receiving Medicare home health care, his or her plan of care will be reviewed at least every 60 days. If the persons health changes and care is no longer needed, the home health agency will notify the individuals doctor, who must then contact Medicare. From that point, home care will no longer be covered by Medicare. The Medicare home health care benefit will not pay for homemaker services such as housekeeping, shopping, and cleaning. It also does not pay for custodial carethat is, help with meeting daily personal needs such as bathing, toileting, transferring, or eating. Because most people who need long-term care need custodial care, financial practitioners should point out this shortcoming to clients. Many people who do qualify for Medicare home health care benefits still need to pay for additional custodial care in order to live comfortably and independently at home.
It depends upon the source of the water damage, the type of policy you have and whether the house is abandoned. To make this answer easier, lets assume that you have a Homeowners 3 policy and the house is either occupied or vacant (some furniture and presence). Water damage from a burst pipe: typically your homeowners insurance will water damage from a burst pipe, however it will not cover the damaged pipe. You can get an endorsement to cover the damaged pipes. Water damage from rain/hail/wind: this will only be covered on a basic homeowners policy if the rain/hail caused the hole in the roof that lead to the water damage in your bathroom. Once again, you can get an endorsement to cover rain/hail/wind damage. Water damage from sewer backup or sump-pump failure: if the bathroom is in the basement and the water damage if from sewer backup or sump-pump failure you can only get coverage for this IF you have the appropriate endorsement - sewer and water backup. Please note that this is typically a sub-limit in your policy and goes towards both cleanup and replacement. I hope this helps.
A renter's insurance policy covers your personal property when you do not own the residence you occupy. It also covers your liability, medical payments to others, additional living expenses and numerous other items. Typically, the cost is fairly cheap and an experienced broker in your area can easily compare the best plans for you.
Talk to your insurance professional and ask about insuring to value. This means insuring to the calculated cost to reconstruct your home in the event of a loss. Your agent will be able to offer a comprehensive reconstruction analysis and based upon that, make a proper recomendation for the amount of coverage. Once that is established be sure that a reconstruction cost guarantee is included in your policy.
Well, there really isn't an on the record answer for this. Older employees tend to cost more to provide health insurance for. Medical plans go one of two ways. One way is a level premium for all employees in the group. This is based on "averaging" the premium cost among the group. This is also done for gender. The other way is known as "banded coverage" where group premiums are grouped, usually in 5 year blocks and rates vary based on ages. You would hope an employer wouldn't use the medical premium cost as a hiring means test. It would possibly be considered age discrimination.
Yes, but not just because someone in the front office feels like picking on you that day. There would have to be some change in your eligibility status or what the company's policy is to trigger such an event. For example, you had your working hours reduced below 30 hours per week and this puts you below both your employer's and the Federal government's definition of what a full-time eligible employee is (30 or more hours per week defines a person as full-time for benefits eligibility under ObamaCare). This could trigger your still being an employee but no longer being eligible for their group health insurance plan. If you are responsible for paying a portion of your health insurance premium (and most employees are these days) and for some reason you are unable to pay your share of the premium (usually hard to do since these payments are generally taken out on a payroll deduction basis) then you could be terminated for non-payment of premium. Of course, if your employer decides to terminate their group health insurance plan entirely and you are dropped from coverage because a group plan no longer exists at your workplace you are obviously dropped. Though usually even small employers will try to give advance notice and employers (especially larger ones) are required to give a certain amount of advance notice of a plan change or termination. But you can't be dropped from your employer's coverage in an arbitrary manner while still an employee meeting all the eligibility requirements set forth under your employer's personnel policies and state and Federal laws. For example, you couldn't be terminated from the health insurance plan simply because your were running up a lot of expenses for your cancer treatment.
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.
A Top Hat plane is a form of Non-Qualified Deferred Compensation (NQDC). These plans are not governed by the Employee Retirement Income Security Act (ERISA) and are not concerned with discrimination as defined by the Act. Employers have the option to implement the plans and offer them on employees of its choosing. The plans are generally used as incentives to keep certain employees from leaving a company by offering them an extra incentive to stick around and work for the company.
You'll also want to consider having her on your policy as the MARRIED rate is normally LOWER than the SINGLE rate. Showing your spouse will "prove" you are married. You might not want to let him/her drive your vehicle but that is between you and him/her. Also, if the spouse has their own vehicle, the "multi-car" discount will also save you money.
Home Warranty is not required but I highly recommend it. Home Warranty is different from homeowners in that it can cover to fix or replace equipment in your home such as your HVAC Systems or pool equipment. In most cases the warranty company will continue to fix the item before replacing and this process can be extremely time consuming and frustrating. Be sure to research the companies so that you can get a good idea of how they treat these claims
Medicare Part B covers most lab tests as long as they are medically necessary. Routine blood work in conjunction with your annual preventive care exam is usually covered at no charge to you. If your lab tests are diagnostic in nature, and considered medically necessary, they should be covered subject to the deductible and coinsurance.
A "cafeteria plan" refers to the section 125 of the tax code. A cafeteria plan allows you to have dollars deducted from your payroll at your employment to pay for some health insurance costs with "pretax dollars" like child care or prescriptions and doctor visits expenses, and to save for retirement. While the plans may vary from employer to employer in exact details you would be smart to utilize that "cafeteria plan". One word of caution- make sure any dollars saved if not used this year rolls over to the next year and that you DO NOT LOSE THE DOLLARS
Yes, the federal government has disability insurance called Social Security Disability Insurance. You pay into it when you pay your Social Security taxes. If you are 31 or older, you must have worked at least 5 of the last 10 years to qualify for SSDI benefits. If younger, the requirement is lower. You must also be determined medically disabled.
Non-qualified retirement plans are not sanctioned for the tax deduction like qualified plans are under ERISA. Non-qualified retirement plans generally use annuities and life insurance. Annuities can be used in qualified plans, but life insurance cannot. Non-qualified and qualified retirement plans using annuities, for an example, accumulate tax deferred, but the basis of a non-qualified annuity is distributed free of taxation, whereas qualified annuities are fully taxable including basis.
A renters policy covers your personal property. The limits and exclusions are similar to those in a homeowners policy. The homeowners policy includes the residence. The renters policy covers your personal liability and pays to the limit of the policy for bodily injury or property damage for which you are legally liable. In addition the policy provides medical payments when someone is injured in your rented space.
Eligibility to enroll in Medicare Part D is at the same time as one is eligible to enroll in Medicare Part A, B and C. This is usually age 65 or when one starts receiving SSDI. There are certain times when one can sign up for Medicare Part D. Visit this website for details: WEBSITELINK
Usually a company is notified of the death of a policyholder by the insured's beneficiaries. The beneficiary notifies the company and the company sends the beneficiary the necessary forms to complete. The beneficiary sends the completed form to the company along with a certified copy of the death certificate. They may also send in a newspaper death notice or obituary to get things started on the claim.
How much more than what? You can find Medicare Advantage plans from zero premium on up. So I guess you would have to say it costs exactly the same as original Medicare A&B. You can spend more though if you want to. Some Medicare Advantage plans do have a premium. You should review the options in your county at www.medicare.gov or talk with your local insurance agent that specializes with Medicare Insurance Plans.
What does AFLAC'c Cancer policy pay? I can only give you a general idea as each policy pays out different amounts, depending on the level of coverage you purchase. With that said, AFLACs Cancer policies usually pay for: Cancer tests such as Mammographies cervical screening colonoscopies, daily hospital benefit for room and board, some cancer drugs, cancer surgical benefits, anesthesiologist, daily doctor visits while you are in the hospital, blood, plasma, radiation therapy, chemotherapy, reconstruction after surgery, daily visits to the hospital by the patients doctor, benefits for travel to a cancer center including hotel, airfare, gas for your car to get there, ambulance benefits. These are some of the main coverages, but remember that there either annual or lifetime limits as to how much AFLAC will pay, it all depends on your policy.
Fire was the original peril covered for homes. The insurance company will repair your home to either its depreciated state or replacement state, depending upon the coverage selected. During the construction any extra living expenses incurred because you cannot live in the home will be a part of the claim. Contact your agent if you have more specific information that you are trying to find.
Life insurance death claims are generally filed by the beneficiaries of the policy. The beneficiaries contact the insurance company for their death claim forms and return them with an obituary and certificate of death. The process should take between 30 and 60 days. If the death occurred within the two year contestability period, a standard investigation will ensue which can delay payment.
A health insurance specialist is an individual with extensive knowledge of the health insurance marketplace and the plans that are available for you to secure - specialists are generally independent insurance agents and brokers as they are the ones selling health plans to the public. If you would like assistance with your health insurance needs, feel free to send me a private message. You can also visit my website, www.TermInsuranceBrokers.com, for health plan information and run instant quotes.
Ohio state minimums will go up to $25,000/$50,000 on December 22nd 2013. While this is an improvement, minimum coverage is just that: Minimum. You should work with an agent that can explain these coverages to you and provide you with a guideline for coverage based on your specific financial situation.
Your Medigap policy is designed to cover all Medicare approved Part A and Part B claims. Some plans, such as Medigap plan F, cover Part A and B deductibles and coinsurance. Other plans, such as plan G covers everything that is covered by F EXCEPT your Medicare Part B annual deductible.
One of the insurance carriers I represent is Travelers and yes, you can purchase Renters insurance through Travelers. I would look for a local agent who can assist you in placing a renters policy if you are interested. I am sure the local agent would be happy to quote Travelers if they have access and other carries as well.
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."
As soon as a child is a few weeks old, insurance companies can write life insurance on them. That is actually the best time to purchase it. It is the very least expensive it will ever be and you can lock in that rate for the rest of the child's life, all the while accumulating value which can be borrowed against or used in later years for retirement, with a permanent policy. Thank you. GARY LANE.
Yes, automobile insurance is typically paid in advance. Normally no less than thirty days at a time. Each carrier sets their own requirements as to the initial payment amount for new coverage. Most carriers allow clients to pay monthly, quarterly, semi-annually, or annually. If you pay your premium in full for semi-annual or annual you may also receive a discount on your rate ( this is solely at the discretion of the carrier ).
It is very easy to get health insurance if you are overweight. Thanks to the new Affordable Care Act enacted by President Obama, there are no medical questions and no underwriting. This means that no matter a persons weight, health conditions or pre-existing conditions, everyone will pay the same for health insurance in your area. Insurance premiums are only based on gender, age, and if you have used nicotine in the last 6 months. You can purchase one of these plans through the Marketplace and compare plans and even see if you qualify for help paying for your premiums. You may qualify for help through the government since they are making everyone get insurance, then they are also helping people pay for it if they cannot afford it. Please visit WEBSITELINK for more information or contact me.
To determine the value of a travel insurance policy review the coverage that you currently have. Some people have coverage that extends to the locality where they live, or the state in which they reside. Coverage outside of that specified area can be highly limited. The issue becomes more severe with most plans when you travel overseas. If your current coverage is inadequate to cover potential difficulties secure a travel insurance policy. Personally, I travel overseas frequently and never purchase travel insurance.
The viatical concept is the buying of life insurance policies from the terminally ill. The market grew out of the AIDS epidemic in the 1980s. The policy-owner transfers ownership of the policy to an entity which pays cash for the policy. The cash is often useful to help with medical bills which can be large for end of life care. The value of the policy is likely greater than its cash surrender value but less than its death benefit. The entity makes a profit on the difference between the sale price and the death benefit they collect when the insured dies. The viatical market evolved into what is now called life settlements where the policies being sold are no longer just involving the terminally ill but also include seniors who have unwanted life insurance policies and desire to get something more than the cash surrender value for them. The financial crisis and miscalculation of life expectancy within the life settlement business caused the investor frenzy of the time to cool sharply several years ago making the transactions less popular today though still viable under idea conditions.
Yes you could if you had comprehensive coverage. However since most key costs are under the deductible amount it would not make much sense to ruin your claims free discount in order to receive $0 from the insurance company. Even if you had a $100 deductible and the electronic keys were $150, the discounts lost plus having a claim on your record would outweigh any benefit to receiving the $50.
Life Insurance Trusts allow Insurance proceeds to go into a trust and allocated where the person who controls the trust sees fit. It is a great way to ensure your wishes are carried out with the proceeds deposited. In an Irrevocable Life Insurance trusts the person who sets it up basically loses the ability to change the trust. It may be used to prevent anyone else from changing the original intention behind why the trust was first set up. It is a great tool to ensure future financial investments/distributions are adhered to. A Life Insurance professional can explain the basics of how insurance fits in and then direct you to a legal professional who can set it up.