8 Ways to Get Yourself Covered by Insurance

Life insurance is the wrong name altogether. What we’re really talking about here is death insurance. If you die, the people you’ve named as heirs in the policy get some money.

Disability insurance policy replaces a portion of your regular income when an illness or accident prevents you from working. A typical policy covers 60% of your regular earnings. Disability benefits from your employer may include workers’ compensation insurance for work-related injuries. For short term illness, your employer may provide sick leave, short-term disability insurance, or both. For a longer illness, lasting six months or more, your employer may provide group long-term disability insurance.

It’s impossible to write a guide that tells you exactly what kind of health insurance to get. There are too many variables: how old you are, what your health is, if you have a family, your attitude about choice and cost-it’s never ending. It’s the total cost that you’ll likely end up paying that counts, not what you pay each month to get the insurance.

Home insurance is purchased monthly or yearly as cover for the items you have in your home. For example you have a flood and all your furniture gets damaged, your home insurance company will let you put in a claim for the items that have been damaged.

Renter’s insurance protects your personal property if it gets destroyed or stolen and it protects you from liability if someone else is injured while on your property. Best of all, it doesn’t cost too much.

Liability insurance, covers you against claims made by others who are injured on your property. For example, if you are having a party and one of your guests is injured while at your home, the medical bills that the guest has will be covered by your homeowners insurance policy. However, if you neglect your property and someone is injured as a result of your negligence, you will be liable for those injuries.

Health Insurance and Addiction

The faces of addiction are no longer homeless old men sadly wandering the streets carrying a brown paper bag, for addiction affects all walks of life. From professionals battling prescription drug abuse to dads battling street drug addiction or moms struggling with alcoholism, addiction knows no boundaries and wreaks havoc on families everywhere. Inpatient treatment centers provide programs to assist the addict in overcoming the addiction and learning to live life without the drugs, alcohol or whatever their crutch may be. Health insurance plans will often assist in limited coverage of the inpatient treatment of substance abuse.

Addiction is not typically something the affected victim can overcome alone without additional help. Professional help that is available at treatment centers everywhere can provide the support and education needed for the addict to start his or her journey to recovery. Paying for the treatment should not be a deterrent to getting the necessary help. Most health insurance plans will help cover the cost as treatment is often deemed medical care in this day and age. Treatment centers are usually very specific in their program, going by the philosophy that the recovering addict needs the support of a firm schedule that includes good nutrition and exercise as well as individual counseling and group therapy.

Upon arrival at most treatment centers, the addict will check in and remain there for an agreed upon amount of time which is usually whatever time period their health insurance provider has agreed to help pay for. That time period is typically from a week to 30 days or even three to six months in some severe cases of addiction. This time is set aside to allow the addict to be isolated from the stresses and pressures of day to day life as well as being cut off from any access to drugs, alcohol or whatever their particular addiction may be.

By addressing the addiction in several ways, the treatment center can help the addict return to good health. These ways include proper nutrition, exercise and plenty of rest to begin with. Most quality centers offer a comprehensive program that includes one on one counseling to help the addict learn about themselves and how to live a life free of addiction as well as group therapy where recovering addicts come together to share experiences and learn from each other as well as offer a support network. The health insurance coverage will sometimes have coverage for aftercare counseling and treatment plans as well.

Health Insurance in the Work Place

For a long time now, one of the most attractive “perks” in job advertisements has been “private sickness insurance”. For those who start employment with a firm that offers this, its an appreciable benefit. When it extends to the family too, it can offer a great deal of peace of mind. The employer benefits by their employees ability to sort out health problems quickly and efficiently, with negligible time off work.

A recent study showed that when it comes to employee benefits on the health front, long term sick pay was rated the most popular product. In general, financial benefits are very much more popular with staff than more preventative measures such as flu vaccinations, membership to a gym or health club or counseling services. In the current financial climate people are more concerned about how they would manage if they were ill than in taking steps to avoid those illnesses.

There was a marked difference in peoples priorities when it came to health benefits. Younger workers were much more likely to appreciate the benefits of subsidised gym membership, sports related activities and counseling. Those in the mid thirties age group and beyond rated health screening, private medical insurance and healthcare cash plans as their main priorities, whilst the over fifty fives overwhelmingly chose critical illness insurance as the most important cover.

Private medical cover is considerably expensive for businesses that may be facing tightened financial conditions themselves. However, by listening to what their employees are telling them, particularly in the younger age group, it continues to be a good investment which means that their valued staff are less likely to suffer from illnesses which prevent them for working.

There are various health insurance schemes for employers. Traditional private health insurance means that any premiums which are paid to the insurance company are kept by them and invested to pay claims in the future. The money has gone out of the company who took out the insurance, whether or not claims are made.

The alternative is to pay money into a fund, which belongs to the business. This fund would be available to pay for run-of-the-mill less expensive treatments and minor illnesses and injuries, running alongside a comprehensive insurance scheme for the more major health issues. Therefore the premium would be reduced considerably. If it is found that members tend to use the NHS for these less serious conditions or rarely claim for them, then the employers benefit from the savings which are made.

A representative of one of the main companies who run health fund schemes stated that “The cost of providing health insurance is often a long-term commitment for many businesses and they need to look at the lifetime cost of policies, which can be huge. Being tied in to a product with spiraling costs way ahead of real-world inflation is not attractive to many business owners and executives, and providing private health insurance for staff has become prohibitive for many companies.”

However, if the costs of providing good quality cover can be cut, then it will help companies to continue to provide for their employees and show a healthy saving in their companies finances at the same time. This had to be good for everyone concerned.

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