ComputerHunter.org |
|
|
|||
|
 |
Why Dont Insurance Companies Reward Us for Being Healthy?
Insurance is always a gamble, a bet actually. You are betting that you'll eventually get sick or hurt. And your insurance company is betting that you'll stay healthy. If you stay healthy your whole life, but still pay into insurance, that's great for the insurance company. Actually, it's great for you too, because you got to be healthy for your whole life. But you still lost the bet. So an insurance company is never going to reward you for being healthy. That's not the terms of the bet. But here's a secret. You can reward yourself. Here's how. Open a Health Savings Account (HSA). Put as much money as you can into it. Tell your insurance company that you want to raise the deductible on your insurance policy as high as it will go. The deductible is the amount you have to pay before the insurance finally kicks in. Now sit back and relax. You are completely covered for any healthcare crisis. You can use the HSA money for the small stuff and your insurance policy will kick in for the big stuff. But? If you don't get sick or hurt, the money will stay in the HSA. Then you'll put in the same amount next year, and it will sit there again. Earning interest, too. After a while of being healthy, year-after-year, you'll have tens of thousands of dollars sitting there. And when you retire, your HSA turns into an IRA ? individual retirement account. You can take the money out and live on it. And guess what? It's your reward for staying healthy. You rewarded yourself for staying healthy, and simultaneously covered yourself just in case you did get sick along the way. Happy retirement! Daryl Kulak is the author of Health Insurance Off the Grid, a book that provides a simple, effective plan to reduce insurance costs for the self-employed, unemployed and underinsured. The book is available at the Website http://www.healthoffthegrid.com
Google News - Top Stories
|
|
|
|
RELATED ARTICLES
Keys To Controlling The Future of Health Care Several key changes are necessary to get control of the costs associated with the run away health care system in the United States. What Is Permanent Life Insurance? Unlike term life insurance, permanent insurance policies such as universal life, variable universal life and whole life provide long-term financial protection. This type of insurance will cover you for the duration of your life and continued on time premium payments. Permanent policies provide you with not only a death benefit but in some situations a cash savings. It is because of these extra perks that permanent life insurance tends to be more expensive than term life. Credit Card Insurance A word of warning about Credit card repayment protection schemes Does an HSA Cover Alternative Medicine? A Health Savings Account (HSA) does not really cover alternative medicine. However, there is a bit more to it. Need Low-cost Temporary Family Health Insurance? Many families will find themselves without medical coverage at some point in their lives. So, what do you do if you find yourself in this situation? Here are some thing that you should consider when purchasing quality, low-cost temporary family health insurance. Is an HSA a Type of Insurance? A Health Savings Account (HSA) is not a type of health insurance. But that's an easy mistake to make! Know Your Own Worth: A Practical Insight Into Covering Up Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your child's life. You can insure against the bad weather, good weather, political events?. Tips for First Time Insurance Buyers The are many scary things in this world. Buying insurance for your first time should not be one of them. In the next few paragraphs, I will offer some tips which will hopefully remove the fear of first time auto insurance buying. New Jersey Car Insurance - What Do You Need To Know About It? When purchasing New Jersey car insurance there are many decisions you will have to make. You need to understand what kind of car insurance coverage you need and how much you can afford to pay. New Jersey car insurance will have no trouble meeting your needs but you, yourself, must know what you need in insurance for New Jersey driving before you purchase. Just keep in mind that there are many options for Nj insurance available with all the different companies selling insurance. Health Care and Health Insurance Costs Can Be Controlled Through Lifestyle Choices As you probably know all to well, the cost of healthcare and health insurance premiums continue to increase at levels substantially above the general inflation rate. The reasons given for these extraordinary cost increases are numerous and include: technological advancements in the medical field, increased demand for medical services and prescription drugs, the aging of the population, cost shifting caused by the uninsured and governmental reimbursement rates, state and federal mandates, and costs associated with medical related lawsuits. Insurance Claim - Medical Insights And Expenses There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a direct result of that injury and the "pain and suffering" you were forced to deal with. What is Consumer-Driven Healthcare? Consumer-driven healthcare is a label that we've put on a movement in America to change the way decisions are made in our healthcare system. Instead of insurance companies making all the decisions about how people will receive their healthcare, consumers are taking back the power over their own lives. An Introduction to UK Home Insurance Unlike motor cover, home insurance is not a legal requirement in the UK. It is, however, a vital precaution against unforeseen bills caused by incidents such as natural disasters or break-ins. It is a false economy to avoid home insurance premiums in order to save cash in the short-term because in case of misfortune you will be left without a leg to stand on and could be faced with some of the heftiest bills you will ever come across in your life. Whether you own your house / home outright or are still paying off your mortgage, the house you own probably represents the biggest investment in your life and one of the most important factors in maintaining your well-being. Everyone wants a roof over their head to have peace of mind free from worries about their house! Cheap Car Insurance Finding good car insurance can be very difficult. Here are a few tips: Insurance Claim Handling Online - TPA Adjuster System Claims management and administration software systems enable insurance claims adjusters, supervisors, and managers to process incidents and administer claims more efficiently and at a lower cost than traditional paper file and transport methods. Some areas that are made more efficient, thus lowering costs, are otherwise insufficient tracking and handling of medical provider billing (especially with medical bill repricing) and proper compensation scheduling. For larger claim adjuster organizations, tying claims data across multiple locations is a must. A complete claims management system will address these issues and more. How Can I Compare Life Insurance Quotes? The online life insurance companies offer a free service where you can request a free quote for your life insurance needs. This enables you to compare life insurance quotes to see where you can save money with one over the other. To compare life insurance quotes, all you have to do is request a quote from as many companies as you wish and them compare the terms, the premiums, death benefit and clauses contained in each one. A Free Term Life Insurance Quote Is Only Easy To Obtain By searching online for life insurance, you can get a free term life insurance quote with no obligation to buy. In order to get the free term life insurance quote, you fill in the form on the appropriate page of the life insurance company website. You do have to make sure you provide honest answers to all the questions in order to get the life insurance you need. How Do I Calculate How Much Life Insurance I Need? Life insurance protects you and your family from economic hardship as a result of death. It is an insurance company's obligation to pay the recipient of your choice a pre-determined amount of money when you die in exchange for timely payment of premiums while you are living. Cut Business Insurance in 8 ways 1. Comply with recommendations from company engineers and loss control. Naturally, the company will be more favorable to their customers who help keep losses down. How Do I Lower My Auto Insurance Premiums? It seems as though the price of everything is on the rise. The amount a house may have cost in the early 70s is how much you will pay for a new car in the 21st century. Oil companies have used the problems in Southwest Asia as an excuse to send gas prices through the roof. And the cost of peace of mind when driving your vehicle knowing if you or your vehicle is injured in an accident you will be covered has become astronomical. So what can you do to lower your insurance premiums so you don't feel as though you are paying a mortgage note in exchange for a vehicle and a car note in exchange for insurance?
|
|
|
|
|
