imsumit18/insurance_training_data huggingface dataset:
As a general rule, a "tummy tuck" is viewed as cosmetic surgery and is not covered by health insurance polices. However,obesity is becoming an increasing problem in our nation.This has resulted in a growing number of people who have reached health or life threatening levels of morbid obesity for which they have had either prescription and/or surgical treatments that result in extreme weight loss. In some cases the weight gain has stretched the person's skin to such an extent that after their extreme weight loss following treatment their skin does not return to normal levels and the person is left with folds of skin which can, in some cases, become sources of medical problems themselves (e.g. - severe rashes and infections). In these extreme circumstances the insurance company may agree that it is an issue of medical necessity that this issue be surgically addressed and the will approve coverage for the removal or lifting of this excess skin tissue. This has been the only circumstance where I have seen an insurance carrier approve what might be construed as a tummy tuck.
Medicare will cover an echocardiogram if your doctor orders it for diagnostic purposes. An Echo is covered under Medicare Part B. Medicare will pay for about 80% of the costs after the Part B deductible is met ($147 in 2014) - you would be responsible for the other 20% and the Part B deductible. When you first enroll in Medicare Part B, you open your 6-month initial open enrollment period to buy a Medicare supplement plan (a.k.a. Medigap plan) with NO MEDICAL UNDERWRITING!. A Medigap plan can cover the deductibles and a portion or all of the other 20% of expenses covered by Part B and features a number of other big advantages as well. An experienced Medigap broker can help find the Medigap plan and carrier that's most suitable for you and your budget. I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
Adjudication is a review of submitted claims to determine if you qualify based on your plan and premiums, and if the claim is an eligible claim under the terms of your policy. Once a claim has been properly adjudicated and approved for payment, the carrier or claims payer will issue a check.
A cell phone is covered as personal property under a renters policy. If your cell phone is damaged the company will pay the damages (based either on the age of the phone or the cost of a replacement phone) to you minus the policy deductible. Whether the company uses the current value of the phone or the replacement value is determined by the policy.
Cheap auto insurance in Arkansas is available from many sources. The best way to save money on your car insurance rates is to shop with the help of a broker and their website. Since there are dozens of reputable carriers, unless you have experienced and unbiased help, it may be more difficult to find the best prices. As an experienced broker, we tend to spend a lot of time researching and comparing top-rated companies for consumers. Prices and discounts often change so we always have to monitor many insurers. However, the benefit to consumers is they know they are always viewing the lowest prices.
You can run life insurance quotes on numerous websites advertising "instant life insurance quotes". These will bring up the cheapest rates for your particular age and sex. Some will even allow you to input some health and other risk factors. Every company has their niche. So this will bring up the cheapest life insurance rates for YOU.
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!
If the roof damage is caused by a covered loss, then the roof damage typically would be covered minus your deductible. Most insurance carriers are writing homeowners policies with a percentage deductible for roof damage now. This percentage is a percent of the total dwelling amount covered under the policy. Please read your policy completely to understand the coverage offered and any exclusions it may have or contact your local agent to have them go over the policy with you.
Under the Affordable Care Act, everyone will have to have health insurance or pay a penalty (also known as an "individual shared responsibility payment"). If you choose to pay the penalty instead of securing coverage, you will still be responsible for 100% of your medical care. The penalty is calculated in one of 2 ways (you pay whichever is the higher amount). In 2014, the penalties will be calculated as: 1) 1% of your yearly household income featuring a maximum penalty as the national average yearly premium for a bronze plan. 2) $95 per person for the year (If under age 18, then $47.50) featuring a maximum penalty per family of $285 under this method. Its important to note that the penalty will change each year. In 2015, method one increases to 2% of your yearly household income and method two increases to $325 per person. In 2016, it will increase again to 2.5% for method one and $695 per person for method two. The penalty methods will be adjusted for inflation in later years. To avoid the penalty, you need to have health insurance that qualifies as minimum essential coverage. Please feel free to contact me for help. Thanks very much.
Glaucoma is a serious illness that can lead to permanent blindness if not treated. Glaucoma is easily treated in most patients and can be controlled with prescription eye drops. In some cases glaucoma cannot be successfully treated with eye drops and surgery is required. Either conventional blade surgery or laser surgery may be needed to treat the condition. Most major medical health insurance plans will cover glaucoma treatment.
There is a small inventory of long term care insurance companies left in the market place. While there are other companies these appear to be the real players in Long term care insurance: Mutual of Omaha, John Hancock, Med America,Trans america and Genworth. keep in mind that some long term care insurance riders are attached to life and annuity contracts as a supplement to elder care for seniors.
Life insurance is always cheapest now. The exception would be a smoker who quits, then applies a year later. Of course going without insurance for that year carries the risk of dying during that time without providing for yourfinal expenses, or thefinancial needs of loved ones. Do it now.
The only type of term insurance that has a cash value is ROP Term. This stands for Return of Premium Term. About halfway through the term, it will pay back some cash if you surrender the policy. At the end of the term, it will pay back all the premiums you paid in. Keep in mind that the cash value of ROP term is not able to accessed unless you surrender the policy.
Renters Insurance, or what I would refer to as a Tenant-homeowner's policy, would cover any personal property you own except that which is specifically listed as "Property not covered". Some of the specific types of property not covered include autos, aircraft, animals, birds and fish. Since cell phones are not on that list, they would be covered property. Specific limits apply to certain types of property, money, theft of jewelry or silver, etc. Cell phones are not on that list either. While a cell phone may be "covered property", the damage it sustains must be caused by one of the covered perils. The perils are listed and include fire, lightning, wind, hail, theft, vehicle damage, etc. You will note water damage is not a covered peril, nor is dropping the phone or breaking the screen. These policies have, in addition, a number of exclusions including earthquake, flood, intentional damage, etc. So cell phones would be covered as long as they were damaged by a covered peril and the damage exceeded the deductible which is commonly $250 or more. If you meet all those tests, the basic policy would then reimburse you for the actual value of the phone, not what it costs to replace it. Optional replacement cost coverage is generally available, if you have it the cost of a new phone would be the basis for your claim. Then the question will be what is the value of the phone? Is it the actual phone or the two year service agreement you have committed yourself to? Bottom line, I wouldn't depend on Renter's Insurance to cover damage to my cell phone. It seems to me one of those non-catastrophic risks you may be better off assuming.
Homeowners insurance premiums vary widely based on geographic location, replacement value of home, coverage amount desired, deductible chosen, your credit score, and many other factors. I always suggest getting several rates from at least 2 local independent insurance agents in your area. Make sure you compare them against each other. Ideally, you would like an A rated carrier by AMBest. Hope this answer helps!
The market for Long Term Care Insurance really is not a small market. Thousands of people who need Long Term Care Insurance do not purchase it for one reason or another: price, denial, and lack of information all play a part. However, the market is reduced by age (most people do not have an interest in purchasing long term care insurance before age 50), health (at older ages, more people are disqualified due to health problems), income (many retired persons do not have the income to sustain payment of long term care insurance premiums), and assets (without assets to protect, there is less need for LTCI coverage).
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!
The are 3 basic tax deferred annuity crediting methods: interest rate crediting, indice crediting and separate accounts using equity and bond investments. The annuity company makes money in their portfolio spread between what earn and what they credit to a policy as well as mortality costs. They also charge fees that generate income for the company.
The Penalty for Cashing out a Life Insurance Policy could be the policy surrender charge which can be punitive in the early years of the contract. If the life insurance policy has cash value gain, then an ordinary income tax event will ensue, including any constructive receipt of policy loans or internal policy loans. And if the policy is a Modified Endowment Contract that is cashed in or surrendered or lapsed and the policy owner is under 59 1/2, an additional penalty will be added as well. Consult with your tax adviser before moving forward with any withdrawals, surrenders or policy loans.
Whole Life means life insurance that lasts the person's "whole life". It is a form of permanent life insurance that puts part of the premium toward pure insurance protection, and part of the premium into an accumulated cash value. If paid on time and loans are repaid, the policy will stay in effect until death at any age, or the face amount can be taken when the policy endows (usually at age 100).
I recommend all my clients need a critical illness policy to protect themselves from the costs involved with the illness. What most fail to think about is what happens after the illness. A critical illness often leaves people unable to work or sometimes lose their job (and possibly the health insurance that went with it). A cash critical illness plan of any benefit amount helps maintain the lifestyle you had prior to your illness by affording cash to pay the mortgage, cars, food, necessities and other unforeseen out of pocket costs associated with the illness. At the very least I advise clients to purchase a critical illness plan that matches their max out-of-pocket of their health plan so in the worst case scenario they will have no risk exposure.
That is a great question! As a rule, most insurance premiumpayments are paid on a monthly basis. Some, like your auto or life insurance policies, can also be paid on a quarterly, semi-annual (every six months) or annually. Health insurance though, as a rule is typically a monthly payment, though your provider may also allow for other payment schedules. Thanks for asking!
Selling annuities takes a solid understanding of taxation since a key feature of annuities is its tax deferral. Tax deferred annuities also use three basic crediting methods you'll need to learn: fixed interest rate crediting, indexed crediting and separate sub account crediting (or debiting.) If you decide to offer the full array of tax deferred annuities you'll need to secure your life insurance license from your state department of insurance and your series 6 or 7 with a series 63 for your state offered through your broker/dealer via FINRA.
There are two main expenses you're responsible for in Medicare Part B - the monthly premium ($104.90 for those with incomes of $85,000 or less, or $170,000 or less for those married filing jointly on their tax returns. The premium is higher if you're above these income levels) and the deductible. I believe you're referring to the Medicare Part B deductible. The deductible for 2014 is $147 (no change from 2013). Original Medicare (Parts A & B) takes care of approximately 80% of the cost for your healthcare. A medicare supplement is great to add to Original Medicare for those on a fixed income as it can help take care of the other 20% and create a much more predictable expense structure for your healthcare.
Life insurance has two categories: Term and Permanent. Within the Term category is regular Term and Return of Premium Term. Term insurance usually has no cash value and jumps way up in price at the end of the term. The latter, ROP Term, will return a portion of the premiums if the policy is cancelled in its later years. If the Insured person is alive when the term ends, 100% of the premiums that were paid in will be paid back to the owner of the policy. Permanent Life Insurance includes Whole Life and several types of Universal Life. These policies have a savings feature in addition to the pure protection, that allows them to stay in effect to a very advanced age. The cash value can also be accessed for other purposes while the Insured person is still alive.
Health insurance coverage is subsidized if your income is below specific levels. It is possible that you may qualify for Medicaid or CHIP (if you are a child) depending on your household income. In 2014, federal tax subsidies will subsidize many individuals and families that meet the new Federal guidelines from the Affordable Care Act.
In short, the answer is yes. But it needs to be clarified whether you are asking for property damage to the pool itself or liability coverage. Both would be covered barring any specific pool exclusions, which I am not aware of any in the standard market. If someone were to get injured while swimming in the pool, yes, your homeowners policy should cover you for liability. Likewise, if you pool is damaged due to the standard homeowners causes of loss less any standard exclusions then the pool would be covered for property damage to the pool itself. Keep in mind that wear and tear would not be covered under your policy. So if your pool liner rips "just because" or the concrete foundation cracks, those would be considered wear and tear. Please note that many insurance carriers are very cautious when writing homeowners insurance on homes that have pools. Some do not like to write them with a pool exposure, some do not mind, so be sure to ask your agent how it might affect your current coverage and future coverage and what the premium impact might be. You also want to strongly consider higher liability limits in purchasing an umbrella or if you already have an umbrella policy then higher umbrella limits. It might cost you $150 for each additional $1 mil limit. Lastly, if you have a pool and want to make sure you are covered for the proper limits, make sure your coverage B (other structures) limit is sufficient to cover any losses to your pool and any other structures i.e. detached garages, sheds as well.
Zostavax is the shingles prevention vaccine. Medicare Part B does not cover the Zostavax vaccine, but all Medicare Part D plans to cover this vaccine. The amount you have to pay depends on your plan. It is usually cheaper to go to a pharmacy to have the injection that to have the injection at a doctor's office.
You are eligible for Medicare by one of two ways. The most common entry into Medicare is when you turn 65. Most folks take advantage of Medicare eligibility at 65, but if you have good group insurance through your employer you can opt-out of Medicare until retirement without penalty. The other entry into Medicare is via qualifying for Social Security Disability prior to the age of 65.
Start by talking to your Insurance Professional. When you are buying a new home, there will be certain requirements that must be met in order to prepare to close on this important purchase. One of these is to be able to show proof of Homeowners coverage beginning at least on the date of the closing. Tell your insurance professional the address of the house and any particular pieces of information needed in order for him or her to complete a quality "Reconstruction Analysis" of the house. The results of this will become the recommended dwelling amount. You will be able to decide on the amount of Liability coverage as well as the property deductible, each of which will help to determine the final price of the coverage. Once agreed upon, the application will be produced and available for your signature. Most banks and Mortgage Companies in Connecticut will require that the first year's total premium be paid in full and then an escrow account will be set up to handle your renewal payments. You will need to provide both a copy of the policy binder or declaration sheet along with a receipt showing the full year's premium has been paid. Best of luck with your new home!
In simple terms, a COBRA health insurance is a short-term continuation of the exact same group health plan you had with your employer prior to termination from that job. So, if you liked the coverage provided by the plan prior to termination, you will still like the coverage provided by the plan under COBRA administration because it is the same plan. What you may not like is the cost under COBRA administration. Many people incorrectly assume that COBRA rates are excessively higher than the rates you paid while employed. This is incorrect. By law, your insurance rates under COBRA cannot exceed 102% of the rate you were paying before termination. So, why does the COBRA premium seem so much higher than the premium prior to termination? The answer is your employer's contribution to your health insurance. While you were employed, your employer was definitely paying a portion of yours, the employee's, health insurance premium. If you worked for a "benefits rich" employer, they may have been paying all your premium and even contributing some to your dependents' coverage. Under COBRA, the employer no longer is responsible to contribute anything to your health insurance premium. You are therefore responsible for 100% of your portion of the premium as well as that of your dependents. That is why the COBRA cost is more than you were seeing while employed. So, the real question then becomes is it cheaper for me to continue with my current group health plan under COBRA, or is there a better alternative in the personal health insurance marketplace. The only way to answer that question is to solicit quotes from personal health insurers.
Maybe.... Let's say they can't and they just take your word for it- that you are a non smoker. Was it worth the risk when the health or life insurance company finds out that you are a smoker and refuses to pay for anything because you lied? Just be honest.
It depends upon the procedure. Medicare has a list of codes that they use to determine the payment to doctors. The best way to find out how uch a doctor is paid is to look at the explanation of benefits that Medicare provides. This will list the actual charge, the medicare approved amount, and the amount owed by the beneficiary. Medicare pays a doctor 80% of the approved amount. For example if your doctor charges $125 for an office visit, Medicare may approve $100. They would pay $80 and you would be responsible for the other $20. In most States doctors may charge up to 15% over the Medicare approved amount. Some States like Ohio, do not allow this excess charge.
A deductible is the amount of money you must pay before your health insurance benefits begin paying for services that are subject to the deductible. For example, if your deductible is $2,000, you're required to pay the $2,000 deductible for services before the plan benefits "kick in." The deductible may not apply to all services though - some services, for example, may only require a copay or coinsurance amount, varying from plan-to-plan.
Coverage for testing/screening for sexually transmitted diseases (STDs) has been standard practice in the group and individual health insurance marketplaces for many years. What is covered and how may have varied from state to state. Under the requirements of ObamaCare, health insurance policies compliant with that law will have to cover testing for HIV and a variety of other STDs. So, certainly, policies purchased on or after January 1, 2014 should offer rather extensive coverage for STD testing and in most cases one would expect testing/screening to be covered under the preventive care requirements of ObamaCare which means 100% coverage with no copays, deductibles or co-insurance cost sharing. Testing done for treatment purposes and monitoring after an initial diagnosis has been made are then subject to the plan's treatment coverage provisions. So, the very same test done at no charge to diagnose an STD may be subject to a copay, deductible and/or co-insurance when done in conjunction with chronic disease management/treatment.
In most cases, Medicare does not cover medications unless you are hospitalized. To have coverage for your outpatient medical needs, you would need to purchase a Part D prescription drug plan. Each company offering this type of coverage has their own, unique formulary list of medications they consider to be covered expenses. It is always best to consult with an independent agent that represents many different companies to assist you in finding the absolute best coverage for your personal situation.
That will depend primarily on your insurance carrier andyour previous motor vehicle record. Each carrier has its own policies on how tickets and accidents are used in their auto insurance rating system. Somecarriers will not change your rates due to a single ticket or accident within a five year time period.
Renters nor any other property insurance is designed to insurance against a foreclosure. I have to assume since you arereferencinga renters policy that you are the tenant and your landlord is beingforeclosedon forcing you to move out.Unfortunatelyform an insurance standpoint there is nothing that can be done and you will have to startshoppingfor a new home. Yourrenterspolicy can betransferredto your new address. I would further discussthesituation with your local agent.