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What are the most important factors to consider when choosing a health insurance policy?
Deductible: In general, the higher the deductible, the lower the monthly premium and the lower the deductible, the higher the monthly premium. The deductible is solely your responsibility and must be paid first before the insurance carrier will begin to pay their portion of any major medical claims. You may be [...]
What are the Factors that determine the price of an Individual or Family Health Insurance Policy?
The answer depends on whether we're discussing the pre-underwriting price or the post-underwriting price. By pre-underwriting price, I simply mean the monthly premium that you see posted on the internet etc without regard to one's medical history. Only about 20% of all applicants can qualify for these "initial" or "preferred [...]
The fate of healthcare reform….what’s next? (Part 3)
[et_pb_section fb_built="1" admin_label="section" _builder_version="3.22" global_colors_info="{}"][et_pb_row admin_label="row" _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat" global_colors_info="{}"][et_pb_column type="4_4" _builder_version="3.25" custom_padding="|||" global_colors_info="{}" custom_padding__hover="|||"][et_pb_text admin_label="Text" _builder_version="4.11.4" background_size="initial" background_position="top_left" background_repeat="repeat" hover_enabled="0" global_colors_info="{}" sticky_enabled="0"]4) The Supreme Court could repeal the individual mandate, but nothing else. This appears to be the most likely outcome based on oral arguments. The individual/family and [...]
The fate of healthcare reform….what’s next? (Part 2)
2) It is possible that the Supreme Court could rule that the individual mandate is unconstitutional and therefore, the law would not be able to stand on its’ own without it. Why? Unless everyone in the U.S. buys health insurance and pays their applicable premiums, the system will not be [...]
The fate of healthcare reform….what’s next? (Part 1)
In the past few weeks, the Supreme Court decided the ultimate fate of the new healthcare reform law passed by Obama in 2010. In a few more weeks, Americans will have a better idea of the ramifications of their decision. There are four likely outcomes of this landmark decision and [...]
Part II: What are a few of the more popular types of term life insurance
If you are diagnosed with a terminal or critical illness, the plan will pay out up to 90% of the face amount in a single lump sum. A terminal illness is defined as a disease that cannot be adequately treated or cured and that is usually expected to result in [...]
Part 1: What are a few of the more popular types of term life insurance?
Selected Benefits basically offers several types of term life insurance, but each one has different objectives and is applicable in different situations. On the plans we offer, the premiums are guaranteed to never increase over the term of the policy. Term Life with Return of Premium (ROP): This type of [...]
What are the most popular types of Life Insurance?
The two most popular types of life insurance are either Term Life Insurance or Universal Life Insurance. Term Life Insurance will last either 10, 15, 20, 25 or 30 years. Once the term is over, the insurance carrier will typically give you an option to renew the coverage, but at [...]
How can a temporary health insurance policy benefit me?
Temporary health insurance in for Texas residents can be used for a variety of reasons including, but not limited to: 1) A person in between jobs as a short term medical insurance can be much less expensive than COBRA. 2) A person waiting for employer benefits to begin. 3) A [...]