imsumit18/insurance_training_data huggingface dataset:
Great question! While I do not have a degree in sociology or statistics, I can tell you what I see, working daily with retired, or near retirement aged women clients. Each and every one of them appreciate it. Most of them are no longer working, though almost all of them had expected to be. The ones that still have insurance through work or their spouses work are not burdened with the fear of being unable to get medical services. The rest of them are enrolled in Medicare, or Medicaid. Those ladies also are profoundly grateful to be able to receive medical care that is affordable. Many of those women struggle to balance medical costs with the everyday expenses of heat, food, and electricity though, as the benefits are often not enough even with Social Security to make ends meet. Without health insurance they would be in a very bad way. If this did not answer your question, (And I'll admit I'm not sure what you are asking, since having insurance or not having it probably affects them the same way it would a man, or someone younger) please feel free to contact me, I'll be happy to discuss this with you further. Thanks for asking!
The government originally established Medicare with two parts. Part A to cover hospitals and part B to cover outpatient services. Both of these are administered by the Medicare (CMS) and there is no choice of coverage. Later Part D was initiated to cover prescriptions. These plans called PDP's are administered by private insurance companies. Part C, Medicare Advantage Plans are plans that are administered by private insurance companies instead of Medicare. As far as which plan is best, that will depend on your individual situation; where you live, what doctors and hospitals you go to, do you travel outside the area a lot,what your prescriptions are, and other factors. Find a good independent agent who represents most of the Medicare plans in your area and have the agent help you with your choice. You can also find information at Medicare.Gov.
All group retirement plans that are covered by the Employee Retirement Income Security Act ERISA are based on some formulaic process. This formulaic process is used to ensure against discrimination in the plan. Federal law defines discrimination as a plan that too heavily favors highlight compensated employees. Highly compensated employees are employees who earn over a certain amount in annual income, as of 2013 that amount is $115,000.
To the best of my knowledge there is not any public availablility of insurance coverages or carriers that a person or company may use for their coverage. About the only way to get that information would be to contact your neighbors and ask them for it. Laws vary from state to state, but many of the laws currently in place prevent insurance agents and carriers from providing any coverage or personal information to anyone but authorized parties.
They are best know for guaranteed issue policies I believe. These would be for very small face amounts, with no medical exam. If you want a larger policy, such as $250,000, you might contact a company like New York Life, which would normally require a medical exam but regularly issue large face amount policies, both term and whole life. Gary Lane, Registered Representative, New York Life. 949 797 2424. Thank you.
It depends on your needs, budget, and preferences. I would recommend consulting with an independent Medigap broker who can work with you on a personal level and help you evaluate your options. If you want to create a very well-controlled, predictable healthcare expense structure where you don't have to worry about receiving massive medical bills, you may want to consider buying a Medigap plan (most likely a Medigap Plan F or Plan G). The premiums for Medigap plans are typically a little higher than a Medicare Advantage plan, but they feature much broader coverage. Medigap plans are guaranteed renewable and are standardized (meaning a given Medigap plan features the same benefits regardless of the carrier you have it through - a plan F from company ABC is the same plan F from company XYZ). They also have no networks, meaning you can go to any doctor you want that accepts Medicare (the vast majority do these days and you can check to see if a doctor in your area does using a physician finder tool on Medicare's website, Medicare.gov). As far as services go, if your doctor accepts Medicare, then they have to accept your Medigap plan as well. I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
Legally, life insurance companies to not have to adhere to HIPPA. However, most life insurance companies utilize an application that includes a HIPAA form that must be signed so that the life insurance companies can access your medical information and complete their underwriting process.
A check is a check is a check. It will clear like any other check in 3-5 business days. If you need money before the check clears you could go to the bank for a short term loan and use the policy as collateral once the life insurance company has confirmed you as the beneficiary.
In addition to Peggy's answer I would also look at all the options that are available which may or may not make sense for your situation. There are many "hybrid" products now that can provide you monies to cover LTC expenses but also provide other valuable coverage or funds. Look into Life Insurance which gives you access to the death benefit what you have a chronic condition. Please be aware that before you purchase any of these products I want you to understand what is covered and what is not. I am simply saying here there are alternatives versus just purchasing a Long-Term care policy which can be cost prohibited.
If you only have Medicare A & B or Parts A & B plus a Medigap plan, Medicare is going to pay first. When you have more than one plan paying a claim, the process has to follow the coordination of benefits rules to determine who pays first and who pays second. The majority of the time, people who are on Medicare will have two types of coverage when they or their spouse works for an employer. Self-employed individuals will generally only be on Medicare and drop their under 65 policy (unless their spouse has group coverage they can be on). How big the company is and whether or not the insured employee is working will generally determine who pays first. If the employer has 20 or more employees, the employer plan will pay first and Medicare second. If the employer has less than 20 employees, Medicare will pay first and the employer will pay second. If you're on Medicare for a disability, the employer plan pays first and Medicare pays second if there are 100 or more employees - if there are less than 100 employees, Medicare pays first and the employer plan pays second.
An individual with a suspended license can purchase auto insurance. Generally the intent is so the individual can regain his or her license. The other option is the individual has other members in the household that operate a motor vehicle. If this is the case the owner of the policy can purchase the insurance and exclude themselves as an operator thereby allowing the residents in the household to drive the vehicles. The residents of the household will be required to be added to the policy as operators.
Life insurance can be used to pay for your funeral or for any other purpose for which your beneficiary uses it. If you purchase a life insurance to fund your final expenses, leave the death benefit to a beneficiary who knows your wishes, or you can even leave it directly to the funeral home.
If you get married, then you can add your spouse and their car to your policy. If you and your spouse are parents and your kids become licensed drivers, then you can add them to your policy. Generally speaking if you have another relative who is residing with you, they can be added to your car policy as well. If you have a resident nanny for your younger children, and that person will have regular use of your car, then it is properto add that person to your policy as well.
The rules of medicare requires the insurance agent to verify you are who you say you are and they must certify that they have interviewed you in a face to face conversation and the agent has to "recertify" every year in order to sell medicare advantage and the agent is accountable to assure if you have a "personal representative" or a "power of attorney" that person has to be present. The agent is also accountable to give you a "summary of benefits" and to assure you understand the type of policy you are purchasing and the coverages. The insurance agent must licensed to sell insurance for the State in which you reside
Theoretically they should be quite accurate. A company can identify you, all the drivers in your household, every moving violation or accident that you have had, the VIN of every vehicle registered to your address and can do the computations quickly and accurately. Will that be best for you, probably not? Price isnt everything. If you dont have adequate limits to protect you when you have a claim then you have made an expensive decision. You might have saved a few dollars but the claim could send you into bankruptcy.
Can you pay health insurance premiums with a Flexible Spending Account? I guess the first thing I would ask is if you have a FSA in place, aren't your premiums already being deducted pre-tax? I don't know of any business situation that offers a FSA plan that doesn't already have employee paid premiums already taken pre-tax. Do you mean health insurance premiums for another family member who is not part of your employer's plan? I believe the answer would be no. FSA in regard to medical, dental and vision expenses are designed to pay towards out of pocket expenses a person has during a plan year.
What type of jobs offer the best health insurance? Well it depends. The choice for an employer prior to the ACA to provide health insurance was completely voluntary and any size business might offer quality benefits. Sometimes assuming a large employer offers the best plans could be a mistake. Often better benefits than average were offered by businesses that needed to attract and retain quality employees. The high tech field because of demand,offered great benefits to employees to help keep the best employees there. With the ACA things will change considerably for business that uses health benefits to attract employees. The Cadillac tax on employers who provide too "good" of benefits for their employees will reduce health benefits to a national standard that a business would be forced to pay extra taxes in penalty if they wanted to do more for their employees.
Look at the people you know. How many people do you know who have had a stroke, heart attack, or other critical illness that will affect them the rest of their lives. Critical illness coverage provides funds to pay for deductibles and copays, cost of medication, helps with rehab costs, and helps provide for lost income. If you had a heart attack and couldn't work how long would you be able to meet your expenses?
You can get your own health insurance very easily. I'll provide a short accurate answer. Under new legislation, there are Open Enrollment periods, subsidies, Special Enrollment Periods (SEP), Exchange plans, off-Exchange plans and much more. It can be very confusing to find and pick the best plan at the lowest price. So...what do you do? Work with a broker! No fees or costs..just a lot of time and money saved! LIVE answer provided by: Ed Harris - Premier health insurance broker for 33 years and owner of several top-rated healthcare websites that provide the lowest available rates.
It is easy to buy your own health insurance. Many top-rated insurers offer affordable plans that will provide comprehensive coverage. Finding those plans is easiest when you utilize an experienced broker and/or their website. You can quickly compare rates and benefits from the best insurers in your area and apply online. There is no cost and you'll have free unbiased advice from a seasoned veteran available at any time.
The landlord can require that they be named as an additional insured. Most companies do not charge anything for his extension of coverage. It merely clarifies that if someone sues you and the landlord simultaneously that the policy will provide the primary defense. Normally, the concern of the landlord is in the concern over legal action.
A creditor may demand to be named as a loss payee on a life insurance policy. If you agree to that arrangement the company will, upon your death, contact the creditor to determine the amount needed to satisfy the obligation. That is then sent to the creditor with the balance being distributed to your beneficiary (ies.)
Medigap plans (commonly referred to as Medicare supplement plans) are designed to help seniors who want high quality healthcare and are on Medicare, cover the gap between what hospitals and doctors charge for their services and what Medicare will pay.Health insurance is constantly changing, which can make finding the right plan for you very strenuous. Supplementing your Original Medicare coverage (Medicare Parts A & B) with a Medicare Supplement plan will help you create a very predictable expense structure for your healthcare and allow you to see any doctor you want that accepts Medicare. Any doctor that accepts Medicare will also accept your Medicare Supplement plan. There are 10 different Medicare supplement plans and they are all standardized, meaning a plan F from company A and a plan F from company B feature the EXACT same benefits. The 10 different plans available are plans A, B, C, D, F, G, K, L, M, and N (a high-deductible plan F is also available that features a $2,140 deductible in 2014 - the trade-off being a substantially reduced premium). Each plan offers certain benefits some more comprehensive than others. Each plan must cover a core set of benefits (also known as the basic benefits). The basic benefits are: 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 There's a total of 9 benefits that can be secured. The other 5 benefits available under a Medigap plan are: 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) Each plan features a different structure, Each plan covers a different combination of these 9 benefits (some of the plans feature coinsurance or copayments for certain benefits). If cost is not a major factor for you, Plan F will be the recommended choice because it covers all 9 benefits at 100% - it's the most popular plan by far. If you're looking to keep your costs down, but still have very comprehensive coverage, you may want to look at plans C, G, and N as well. When you're looking to buy a Medigap plan, you should consult with an independent Medigap insurance agent to review the plans in detail to see which one will best serve your needs, help you identify all of the carriers offering Medigap plans in your zip code, and which one will be able to offer the coverage to you at the lowest cost (the plans are standardized so the biggest difference between them is price - the benefits are exactly the same regardless of the carrier you have the Medigap plan through). I hope the information is helpful - please feel free to contact me for assistance with your Medigap coverage needs, including quotes and plan comparisons, and if you have any other questions. Thanks very much.
Currently 85 - 90% of the population is covered by health insurance. About a third of the population has Medicare or Medicaid as their primary coverage. The rest are covered by an employer plan or individually owned health insurance. Starting in 2014 most everyone will be required to purchase health insurance if they are covered by a government or employer plan.
Almost everyone age 65 and older qualifies for Medicare. If you are a US citizen or legal resident who has at least 10 years of earned wages in the Social Security system you qualify for Medicare. You must have lived in the US for at least 5 years You may also qualify based on your spouse's time in Social Security
Not generally. There are five states that require most all employers carry short term disability insurance on their employees. These states are: California, Hawaii, New Jersey, New York, and Rhode Island. Besides this mandatory short term disability law, there is no other legislative imperative for someone to purchase or be covered by disability insurance.
Guaranteed Replacement Cost is a common term that is sometimes misused by agents. It means that, if your home is destroyed, your insurance company will rebuilt it, whatever it costs with no limit. This was a very common settlement option at one time. Insurance companies began offering it to differentiate themselves and soon, almost every company offered it. Today, it's not like that. Some companies will offer it, but only to certain properties. Beware this term when it's thrown around by agents. Some will misuse it to make it seem like they have this when they actually don't. Today, most companies will offer something called "Extended Replacement Cost" or other, similar terms. This means that they will replace your home, even if it costs more that the limit on the policy, but they will only go to an extra 10,25, or 50% of the limit. For example, if your home is insured to $100,000, they may pay up to $110,000, $125,000, or $150,000 to rebuild it. Some agents will call this Guaranteed Replacement Cost. Beware, there's nothing guaranteed about it. The bottom line is this: Be smart, get an agent you can trust that's more worried about covering you correctly than just getting a new commission.
Chiropractic care is covered by Medicare in some situations. Medicare Part B pays for a chiropractor's manual manipulation of the spine to correct subluxation. If a hand held device is used during the manual manipulation, the use of the device is not covered. Initial physical exams, evaluations, X-rays, acupuncture, physical therapy, supplements and orthopedic devices prescribed or provided by a chiropractor are NOT covered.
The increase that you experience in your auto insurance rates after an accident, ticket, or even a DUI can vary greatly depending on the insurance carrier that you are with. The change to your auto rates could vary anywhere from zero to two or three times your current rate or possibly more. Contact your local agent they should be able to advise you of the carriers current policy on rate changes for clients that experience a DUI.
Disability insurance will pay benefits to the disabled person according to the terms of the policy that was purchased. The "elimination period" determines at what point payments start. This may be a few months to a year after the disability occurs. The duration of the plan dictates how long the Disability Insurance pays. This may be a few years all the way to age 65.
Do to its use of interest and chance there are those who believe that insurance is not permitted in Islam (i.e. that it is haram or sinful). Due to the spiritual nature of this question, you should seek the advice of an Imam for further guidance on Islam's position on insurance.
Life insurance pays a death benefit regardless of the cause of death, including cancer. Some policies include an acceleratd death benefit that allows you to access a portion of the death proceeds if you have a terminal condition. In most cases death must be expected to occur withing 2 years of taking out the "loan".
Stacking is where you take the limits of your uninsured motorist coverage and stack them up. For example you carry 50/100 uninsured motorist limits and are hit by an uninsured motorist and are injured. Your policy would pay up to 50,000 for the injury of each person in your auto up to 100,000 max. Now lets say for example you have two cars on your policy. Of course each car has the same 50/100 limits. With stacking since yourpolicywas covering two cars the limits would be stacked and your now have 100/200 coverage in any auto accident. Stacking is not available in all states and for those states that offer stacking it comes with a premium.
Rhinoplasty is generally nose surgery performed for cosmetic purposes and health insurance does not cover cosmetic surgery (unless it is for restorative purposes such as after an accident or cancer). That is not to say that rhinoplasty would never be covered but it would have to be for medically necessary purposes. If you have had chronic health problems caused by your nasal passages it is possible that your insurance carrier will cover this procedure if it is determined to meet the criteria of medical necessity to solve the problem. Sometimes this can result in some real hair splitting with part of the procedure being deemed medically necessary and part of it cosmetic, resulting in only partial coverage for the procedure by the insurance carrier. How the doctor codes the procedure can be an important aspect ofwhether the procedure is approved and how the claim is eventually paid. Just remember, your insurance company thinks you are beautiful just the way you are.
Xanax is a prescription drug used most often to treat anxiety. Some Medicare Part D will cover at least a portion of the cost of Xanax. In evaluating prescription drug plans, including those coupled with a Medicare Advantage plan, make sure you run all your medications through the Medicare drug formulary finder.
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.
The premium for a renters policy has two basic elements. The first is the property to be covered (amount, and location.) The second is liability. The liability section could be the most critical as it protects you from the greatest threat, lawsuit. Inventory your personal property and insure for the cost of replacing that. Determine how much liability insurance you need. Your agent should be a great help here. You will probably be pleasantly surprised by the cost of the policy.