| |
| |
|
Insurance Information |
|
|
|
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
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Do Discount Fees for Medical Service Programs Really Work? Having a health insurance policy provides a great sense of security for many families. Most people with health insurance usually have it through their employer and the employee and the employer may share the responsibility on paying the premium. Health Insurance Coverage Health insurance is something that everyone needs today. The rising cost of visiting a health care provider or a hospital stay makes it imperative that everyone have some type of health care coverage. Health Insurance Quotes Online - Tips On Finding a Good Provider Since 2001, major health insurance providers have been allowing consumers to buy policies online. Through the convenience of the internet, consumers are able to compare prices and coverage to find the best insurance policy for them. 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. Insights Into Your Med-Pay Insurance Coverage While Legal Romantics would like to characterize the trial of a lawsuit as a "Search For Truth" that's not a reality!Cases are decided on the evidence. When reviewing cases before them, judges invariably use the phrase, "The evidence shows", rather than, "The truth of the matter is". Do I Need Travel Insurance? In the United States health insurance, unlike many other countries, you can find dozens of Blue Cross Blue Shield plans. Hundreds of regular commercial insurance and so many more health insurance plans like managed-care plans-HMOs, PPOs and PPG's. Business Insurance - And What You Need To Know Getting your business up and running is exciting, challenging and hard work. You're finally making money - and you are the driving force that is making your business grow. Seven Steps to Filing Your Car Insurance Claim Having even a teeny-tiny car accident can be one of life's least enjoyable moments. However, accidents happen, and sooner or later, we all have the experience of meeting one of our fellow road travelers up close and personal. Do You Know What The 7 Home Insurance Plans Are? Most people don't realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different from the other 6 based on the circumstances that it covers. Six Ways to Cut the Cost of Your Auto Insurance Is your auto insurance bill $12000 a year or even higher? It's not unusual for auto insurance to cost this much these days. But it doesn't necessarily have to cost this much. Home Insurance Rates in Northern Ireland A recent survey took the most popular type of home in the UK, the three-bed semi, and compared the quotes given by insurance companies for different postcodes around the country. Northern Ireland came in top for buildings cover with an average of £119. Why Boat Insurance Doesnt Help A Lousy Sailor For thousands of years men have sailed the seas. From the earliest trips by the discoverers and settlers of the Americas, Australia and the Pacific Islands, through Odysseus' voyage to Troy and beyond to the time of Swashbucklers in the Caribbean mankind has made exciting voyages to the far corners of the world. Health Insurance And Insurance Brokers If you are in the market to purchase your own health insurance coverage you can save yourself precious time and money by shopping and comparing policies right online. Sites dedicated to giving you quotes on various types of insurance make it very easy for you to get an idea of what your coverage and costs will be. Health Savings Account (HSA): Useful for Women in Childbearing Years? The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier. Vehicle Insurance Online is a Convenient Way to Get Insurance Cheap Online comparison shopping is a convenient way to get cheap insurance for your auto. For the last few years, insurance companies have been dropping their premiums annually because of lower accident rates and increased competition. Finding Life Insurance Quotes For Adult Children Shopping for life insurance quotes for adult children isn't any different than it is for adults or seniors. Underwriting issues can vary a little but essentially life insurance quotes for adult children follows the same routine. Life Insurance Information Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life. Term Life Insurance - Buy Term and Invest the Difference! The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around the concept of term life policy which is a basic protection policy and the endowment/ whole life policy which has protection and investment/saving features. To put it simply, the phrase means that instead of taking up the endowment/whole life policy, an individual should buy a term policy for protection and the difference between the premiums of the two policies is to be invested by the individual himself to earn some dividend on the investment. Consequences of Late Insurance Payments Did you realize that it could cost you more than a late fee when you make your insurance payments late? That's right, not only will you incur a late fee in most cases but also you are jeopardizing your current coverage and possibly your future rates.Let's consider what is probably the worst-case consequence of making late insurance payments. What Does Buildings Insurance Cover? You will find that your lender will insist that you have this cover when you take out a mortgage. The lender, remember, owns your home until you have paid off the mortgage.
|
| home | site map | contact | Partners |
| © 2006 - insurance-information.cliczoom.com |
