Should I Let My Individual Health Plan Automatically Renew?
Automatic renewal is a common feature of most individual health insurance plans, because it’s convenient and you
Medicare Supplements are available to individuals who receive Medicare. This type of supplemental insurance is also known as Medigap. Medicare Supplement Insurance helps members of Original Medicare to ‘fill in the gaps’ of their coverage.
Many people have questions about whether Medicare has any dental, vision, and hearing plans. The unfortunate reality is that Medicare doesn’t cover basic examinations for any of them. What’s worse is that Medicare doesn’t cover copays that deal with the health of your ears, smile, and eyes. So, it is important to seek out coverage for these essential health costs.
And there are plenty of affordable policy options available.
Individual health insurance policies are those that you buy on your own. They are not part of employer health plans. These plans can cover a single person or an entire family.
The landscape of Individual health insurance policies changed in 2014 with the passing of the Affordable Health Care Act (ACA). The ACA standardized and increased the benefits provided by these policies and offered Americans more policy options. This law also guaranteed coverage for individuals and offered subsidies to help people afford the insurance coverage they deserve.
Cancer plans can literally be a lifesaver.
Being diagnosed with cancer is accompanied by many unexpected expenses, including examinations, medical care visits, and expensive treatments. So, while you and your family face severe emotional challenges, financial stress often adds to this trying situation.
Cancer is a growing problem around the world. And cancer treatment is extremely expensive.
Final expense insurance, also known as burial insurance, provides your loved ones with peace of mind after your death. Money is paid to your beneficiary that can be used to pay for funeral expenses or whatever needs arise.
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Automatic renewal is a common feature of most individual health insurance plans, because it’s convenient and you
If you have moderate or worse health issues, no exam life insurance is your best bet to get the coverage you need.
With this type of life insurance, there’s no doctor visits, urine samples, or complex health discussions with medical professionals.
There’s two types of life insurance that come with no exam:
The difference between the two is simplified issue life insurance comes with a simple medical questionnaire and coverage begins immediately. If you can’t pass the questionnaire, guaranteed issue accepts virtually everyone but comes with a waiting period of at least two years.
Again, while no exam life insurance does not involve a medical examination, insurance companies still require some information to determine your risk level. So, you’ll have a brief medical questionnaire.
Many people are uncomfortable having to take a physical exam, giving blood, and discussing health issues. So, removing these requirements for a life insurance policy is a major advantage.
Also, no exam life insurance speeds up the process of becoming insured. Often, these policies are relatively easy to get and are processed much quicker than other insurance types.
Other benefits include:
Just a quick note, you will want to answer your health questions honestly on the medical questionnaire. If you were to lie on the exam, obtain coverage, and pass away, the insurance company could deny your family’s claim if they find out you knowingly lied about your health.
Because these policies are accepting more risk, simplified and guaranteed issue life insurance does have higher premiums with smaller coverage amounts.
However, they are still affordable and offer much-needed coverage to those who can’t pass a medical exam.
A moderately healthy 50-year-old male can get a $10,000 final expense policy for around $35 per month and a reasonably healthy female can get one for a few dollars per month cheaper.
To get the best rates for a burial insurance policy, you have to shop your policy with many different companies. That can take a lot of time and effort. But we do all of that for you!
When you use our site, we compare the rates of the best-rated companies and present the findings to you. And it’s completely free!
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