Insurance Company Pays People to Keep Fit

Misfit Fitness Band

Misfit Fitness Band

Insurance companies are becoming increasingly proactive in how they help consumers. One new insurance company aims to use technology to better tailor health insurance to people.

An insurance company named “Oscar” has unveiled an initiative where every member can obtain a free “Misfit fitness band”. The band allows people to track how much exercise they are performing every day and sync the data on their smart phone. Customers who already use fitness tracking software can also sync their data with Oscar’s fitness tracking system.

The insurance company then rewards people who exercise regularly with rewards. The application sets a number of health goals, and for every health goal passed they receive $1. The user can cash-out when their total reaches $20 and will receive the amount in Amazon gift cards.

This isn’t the first time this company has provided rewards for when customers make smart decisions about their health. They previously gave customer $20 if they had a flu shot by a certain date.

Schlosser admits that this is “very much the beginning,” and that one of Oscar’s main goals is to collect more health data on its members to make sure doctors have the most information available on them. Down the line, that could include nutrition data, sleep data, and as tracking technology becomes more sophisticated, perhaps even blood pressure data.

“We aren’t the people who deliver your healthcare, but our job is to facilitate the delivery of your healthcare,” Schlosser says. “To do that, we can get more information to your doctor.”

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Health Insurance Applications Top 1 Million in First Week Enrollment

Affordable Health Care Act enrollment

Affordable Health Care Act enrollment

According to the federal government, the first week of the “Affordable Health Care Act enrollment” period brought in 1 million applications. The huge number of applications indicates that the government’s HealthCare.gov website was functioning better than last year. In 2013 a number of technical issues hampered some people finding the right insurance policy for them.

The secretary of health and human services, Sylvia Mathews Burwell, suggests the numbers are positive but more work needs to be done, saying: “We are off to a solid start, But we’ve got a lot of work to do every day between now and Feb. 15.”

This enrollment period ends on February 15. The HealthCare.gov website operates as an insurance exchange for 37 states, while the remaining states have their own state-based exchanges.

The Affordable Care Act has been widely criticized by conservative politicians in the United States, who intend to wind back the changes. The question that needs to be answered is “does it work?”. The data indicates that many people who were previously not eligible for health insurance can now obtain it. So in terms of people with chronic conditions, it’s clearly working.

The number of people who have managed to buy insurance has also greatly increased. There are some questions about the cost of the insurance plans and the efficiency of the insurance exchanges to provide the best deal.

The total enrollment for federal and state exchanges was 6.7 million by mid-October. 3.7 million of those users enrolled using healthcare.gov. The federal government is hoping to have more than 9 million enrolled by the end of 2015.

13 Ways to Lower the Cost of Health Insurance

13 Ways to Save Money on Health Insurance

13 Ways to Save Money on Health Insurance

Health insurance is one of the most expensive parts of the household budget.  Here are 13 simple ways to save money on your health insurance premiums!

1. Comparison Shop
The most common and simplest advice possible is to do your research before choosing a provider.  Compare levels of coverage and cost.  Also consider the reputation of the company.  Ask your colleagues and extended family about the insurance provider they use and if they are happy with the level of service.

2. Negotiate with Your Insurance Company Over Price
You have every right to negotiate with your insurance company over price.  Many people just accept the premium that the insurance company pushes at them every year, but this is not necessary.  Contact the insurance company, ask for loyalty discounts or any other reductions that you can think of given your health condition.

3. Negotiate with Your Insurance Company Over Coverage
If your doctor has told you that a procedure is required, but the insurance company has told you they won’t cover it — lodge an appeal!  Many times you will actually get the insurance company to eventually cover the procedure.  You have nothing to lose by pushing for your best interests.

4. Ask Your Doctor For Help
Your doctor is perhaps the best person to help you navigate the world of health insurance.  Ask their advice on which provider to choose, ask them about about particular types of coverage you need, given your health concerns.

5. Check That Everything is Necessary
Make sure you have a great relationship with your general practitioner and don’t hesitate to ask their advice on hospital stays and tests.  If you are in hospital and the doctor doing the rounds starts to make decisions about tests, you have every right to make sure they are necessary.  If you are suddenly in the hands of a doctor you don’t know, ask your GP about the tests and medical procedures.

6. Choose a Policy With a High Deductible
You can always quickly save money by choosing a higher deductible on your insurance policy.  This can also be negotiated with your insurance provider.

7. Pickup a “Medigap” Policy for Things That Concern You
If your policy doesn’t cover every ailment you are worried about, then buy a “medigap” policy that covers only those specific problems.  This is useful for closing the gaps in your existing policy.  Again, work in conjunction with your local doctor to ascertain which health problems might occur that your existing policy doesn’t fully cover.

8. Use a Health Savings Account
The IRS offers special tax provisions for special savings accounts that are to be used for healthcare.  This is a great way to prepare for any health emergencies and is useful for covering procedures that insurance companies will not insure.

9. Compare the Prices That Hospitals Offer and Negotiate
Many people sometimes forget that hospitals are businesses like any other.  Some off better value for money than others.  Shop around as if you were buying a car, looking at price, quality, reputation of the manufacturer.

10. Look For Tax Deductions on Medical Expenses
There are various tax deductions which you may be able to obtain for medical expenses.  For example people who spend more than 7.5% of their gross income on medical expenses can receive a tax rebate.  People who work for themselves can also receive tax rebates for health insurance.

11. Check Hospital Bills
Don’t trust your hospital to do the sums correctly.  There have been many cases of hospitals charging the incorrect amounts for procedures or even charging for procedures and tests that didn’t happen.

12. Save on Medications by Going Generic
You can always save money on your medications by going generic.

13. Be Healthy!
One of the best ways to save money on your health care is to look after yourself.  By eating well and exercising you can avoid the hospital for a very long time and have a happier life!

What To Look For In Medical Disability Insurance

Professional medical residency is usually a time that a lot of young medical professionals get started thinking of the acquisition of an individual disability insurance coverage. This happens for many good reasons which include the economical duty of rearing a family as well as the uncomplicated need to shield one’s earning power and the money and time invested in becoming a health care provider. Whatever the rationale, there are lots of issues that healthcare residents ought to contemplate when getting disability insurance.

Consumer-Friendly Policy Language & Options. As you evaluate multiple policies, make sure you evaluate the contractual features first before judging the price tag. Costs are a key factor and you need to be sure not to pay more than you must for a specific level of insurance coverage. However, every disability insurance plan is different from another and prior to contrasting cost you have to be sure to fully understand the benefits each coverage offers. As a young medical doctor you should make certain you are not contrasting pricing as apples-to-apples when the insurance plans themselves are actually apples-to-oranges.

Contemplate your cash flow. Several companies give you a ranked or laddered premium schedule which requires a reduced premium right now which will continue to increase in the long term. Although this type of structure will not allow for securing a smaller level premium in the present, it may be the right answer depending on your situation. This allows young physicians to receive disability insurance protection now since it is needed, but without impacting a lot on their income. As soon as you become changed to an Attending’s earnings level plus your cash flow is a lot more accommodating, you can change the coverage to a level premium. The level premium is going to be higher later on than it is today, but the supplemental income flow during residency would probably warrant this choice.

Take into account Chances for Savings. The majority of the insurance providers offering comprehensive and reasonably competitive disability insurance protection to physicians today have discounts available for physicians applying while in training. Just because you are advised about one specific company’s price reduction does not necessarily mean they are the only discounted option available for your GME program. You need to examine and compare options before selecting to apply with any single insurance company.

Rates for Disability Insurance policies. Pricing for disability insurance is modified for the risk of becoming disabled in a specific profession through occupational varieties that are distinctive to each insurance company. As should be expected, there is really a pricing difference between various healthcare specialties with Surgeons and Anesthesiologists being among the more pricey and Pediatricians the least pricey.

Working with an Independent-Minded Broker. Finding a truly unbiased insurance advisor to use can be a struggle. Even though a lot of brokers may claim that they are independent, they’ll still have some level of connection to a particular insurance corporation. This is one way that fiscal specialists obtain customary employee benefits including medical/dental insurance, a 401(k) plan, etc. The main element isn’t always to get an impartial agent, but an independent-minded agent – somebody that isn’t selling you a specific provider, but rather the best policy for your circumstances. You ought to talk with someone who critiques several alternatives and helps you select the most appropriate policy for you.

Getting Value For Money Life Insurance

Life Insurance

Life Insurance

Life insurance coverage isn’t just about subscribing for one plan and then expecting the cash to return in when you get into hardship. It is also about preserving capital. So each time you’ll need to get insurance, contemplate the prices. The money life insurance protection saves is similarly as important as protecting your life as well as your family members lives when some thing unanticipated transpires.

But how would you spend less capital on life insurance policies? Exactly what are the factors which you should really take into consideration? Listed here are 6 strategies that you simply really should take note of when you are checking out insurance protection terms and conditions and do not want to spend an excessive amount of money.

Look to your needs plus the preferences of the loved ones. For you to spend less capital, life insurance web based calculators are useful in aiding you understand simply how much you may need to cover right until the retirement of your respective spouse or till your children finish their school education. Web-sites such as Life and Health Insurance Foundation for Education assists you to estimate your charges by means of their calculator.

Pick a term-life coverage. From 20 years old to around 50, you will need to opt for the term-life, as this can be the easiest technique to avail of mutual savings life insurance protection. For persons who’re over the age of 60, cash-value life insurance could be the more desirable method.

Get rates from web based resources. There are lots of online websites that will present you with prices. Amongst these checkout FindMyInsurance.com, InsWeb, and LifeInsure.com. These web pages can help you with the prices you need. Just be prepared to undertake a detailed application procedure and professional medical exam.

Maintain good shape. Companies really don’t give out insurance policies to individuals who are quite sickly. In an effort to get into much better shape and come to be eligible for insurance policies, you will need to stop the vices that happen to be damaging to your wellbeing, such as cigarette smoking and consuming excessive alcohol. You may also try getting a couple of clinical exams to see how healthful you now are. This way you know in advance how to proceed whenever you eventually apply for a plan.

Get qualified help and advice on what to acquire. You may search for the assistance of a good financial advisor or you can buy directly from your insurance coverage company. You may also acquire by means of an insurance agent or acquire through a financial planner who is commission-based.

Study and evaluate. As a way to understand how much capital you may be conserving, you will need to accomplish your research. Put aside time for you to research and find skilled assistance if you need to.

Medical Insurance For Minors

Insurance for Children

Insurance for Children

Insurance cover is offered for all children below the age of eighteen in the united states because of the new PPACA approved by Congress. This simply means that any youngster with any healthcare situation qualifies for health insurance with any insurance provider. So should you have a child which has diabetes or melanoma or any other horrible disease you can find insurance policies for them. You don’t have to worry they will likely be dropped for medical insurance policies if a father or mother loses a job then loses their insurance protection from that.

As soon as Congress created these alterations the insurance providers also modified some of their policies. Where before you could possibly put a baby on his or her private coverage by themselves as long as they carried out the underwriting process, now you can not get yourself a standard insurance coverage plan for a child by themselves. They are able to still get protection and also the protection is secured issue irrespective of their health-related history.

The real difference is now you would must be a dependent on a parents coverage. This could be an issue for some individuals mainly in the event the mum or dad is protected through an employee’s plan. This father or mother would have to cancel the insurance coverage with the employer that is definitely very likely paid for by the employer so as to get the coverage for his or her kid. Often this will work out ok and so they can save a bit of money. But in other situations the particular family could have to cover a lot more money since the little one needs to obtain the protection.

There may be just one group of medical insurance plans accessible for child alone policies. This plan is termed the short-term health insurance coverage plan. These schemes are full major health care plans which might be authorised through the Department of Insurance similar to every other healthcare insurance coverage plan. Short-term health insurance protection plans deal with any new illness or trauma subject to insurance deductible and coinsurance. These programs will not be automatic issue however. There is a brief survey of professional medical questions that will need to be done to determine whether or not the kid will be eligible for that insurance coverage. If the boy or girl qualifies for this coverage it could be substantially more affordable than any opportunity available in the insurance protection sector.

Short-term health insurance coverage options are very good for certain families but consult with your local broker or speak to somebody from an online insurance coverage provider making sure that they can best recommend to you which program satisfy your requirements.

These new regulations are fantastic for youths that have medical difficulties and want to have protection. With any new legislation you’ll need to be aware of how the adjustments have an effect on you. It can be by no means as cut and dried as declaring all youngsters can have coverage. The new circumstance is better however, you do need to set children on a program as being a dependent by having an adult right now.