Friday, June 29, 2018

No Credit Check Payday Loans

 No credit check payday loans are ideally suited for those who have seen the drawbacks of bad credit, like high interest rates or refusal to provide loans.  So if there is any negative credit information present in your credit history, you get approved easily approved for "no credit check payday loans". The borrowers with bankruptcy and foreclosure not only get approved for no credit check payday loans but are saved from being charged inflated rates for bad credit.





Payday loans are the name given for a particular loan brand that provides "disaster management" during financial emergency. Emergencies do not give you a chance to make arrangements at your pace. No credit check payday loans provide you with cash when you need it and provide it fast.  No credit check payday loans can provide to cash requirements starting from £100-£1,500 within 24 hours or lesser.




 With no credit check payday loans you would not be grilled with any credit checking procedure. So if there is any negative credit information lurking in your credit history, you get approved. The borrowers with bankruptcy and foreclosure not only get approved for no credit check payday loans but are saved from being charged inflated rates for bad credit. 

With no credit check payday loans the cash gets transferred to the applicant on the same days when the application is made. Cash transactions for no credit check payday loans executed through bank accounts. Therefore, a current valid bank account, at least six month old, is one of the primary requirements no credit check payday loans. An important requisite for no credit check payday loans is employment. The borrower is required to be a regular salaried employee in current employment from 6-12 months.
Credit' is a term that can make your personal economy go from boom to bust depending on which way it turns. Borrower would always understand the significance of no credit check especially if they have experienced poor personal credit preventing them from getting payday loans. If you want to avoid bad credit to get to you   opt for no credit check payday loans.
 No credit check payday loans are full of options on the internet. With the online opportunity, payday loans come with the faxless provision. You do not require faxing your details. Loan lenders are providing no credit check payday loans even if you have outstanding debts. Affordability is not an issue for lenders. However, for borrowers affordability should be a fundamental thing while deciding on no credit check payday loans. People start going on to another payday loans company to payback the first. This is where the dangerous part of loan borrowing process starts. Taking another payday loan to payback the first is initiating a viscous circle you won't be able to stop. No credit check payday loans have the shortest possible tenure in all loans forms. The repayment of no credit check payday loans is usually on the payday. The money is electronically withdrawn from your bank account with a prior intimation by the loans lender. The loan term for no credit check payday loans is usually 7-14 days but it can usually be extended to 18 days.  A further extension of term of no credit check payday loans will cost you money. No credit check payday loans compared to other loan types are high interest rates loans. Firstly they are unsecured loans, secondly they are short term loans and thirdly they entail no credit check. These three qualities translates themselves into high interest rates. No credit check payday loans are short term loans and it would be practical if you stick to the short term plan and not switch to make it long term.

No credit check payday loans are not the answer for everyone. However, no credit check payday loans can make many things easier for you. But it may not be that easier for your circumstances, see if you have alternatives.  Without credit check you will be able to select payday loans which you want which is not possible especially if you have bad credit. No credit check payday loans if chose wisely can be the correct course for your upset monthly budget.

 Since you are applying online for payday loans it bring us inevitably to the subject of loan lenders. The online no credit check payday loans is happening so fast that people really don't know where their personal information is going. It will be difficult locating an online payday loans lender but when you do you will be sure you are getting the right deal.    

Sunday, June 24, 2018

Everything You Need To Know About Mental Health Insurance

Everything You Need To Know About Mental Health Insurance: There’s really nothing much that can be done to make a person suffering from mental illness feel better other than making an effort to understand their situation. Instead of saying things like—‘this is just a phase’, ‘don’t be depressed’, ‘I was sad too, I fought through it’, just listen to them. Every person is different and so is everyone’s struggle. Rather than comparing their problems to yours and trying to categorise them into a ‘big issue’ and a ‘petty issue’, help them work through it




What Are The Drawbacks Of This Act?

Here are the main shortcomings of this act:

  • It declares mental illnesses as a clinical problem that can be treated by merely the use of medicines and clinical procedures. There’s no emphasis on the prevention of these illnesses and even the importance of mental well-being has been neglected.
  • The definition of a ‘mental health professional’ hasn’t been made clear. The act fails to clearly list out the difference between a psychotherapist, psychoanalyst, psychiatris, and counsellor.
  • Mental issues are considered to be a big taboo in our country. No provisions have been listed in the act to teach the society about the reality of mental illnesses.
  • A complete list of treatment options is also not mentioned anywhere in the act that leads to confusion.
  • No provision has been given for hearing of the cases that were submitted before the drafting of the bill.
  • There are no options for the aftercare of patients.
  • Since no provisions have been made for home-based treatment, the overall cost of treatment goes up.

What Are The Important Features Of This Act?

Here are some of the most crucial features of the Mental Health Care Act, 2017:

  • Mental health care should be available to everyone through both public and private services. Every person has the right to access these facilities which must be readily available and affordable.
  • A person who needs mental health care has the right to choose the way of treatment, and in case they are incapable of doing so, they can nominate someone to do it on their behalf.
  • Central and state mental health authorities are responsible for maintaining a record of all mental health establishments, developing quality service, training law enforcement officials and advice the government on matters of mental health.
  • One of the major developments that this bill brought into effect was the decriminalisation of suicide. If anyone tries to commit suicide, they will no longer be punished under the Indian Penal Code. Instead, it will be the government’s duty to look after their proper treatment and care. This will help reduce their chances of re-attempting the same.
  • Another significant development under the same bill is—the provision of insurance for people suffering from mental illnesses. Most health insurers will be asked to cover various mental illnesses under Health Insurance cover. The only drawback about this progressive move is that it’ll raise the premium rates.
There are some customised plans provided by Apollo Munich that already offer a cover for mental illnesses. However, in most other cases, these illnesses are treated on an out-patient basis. The most important question that rises here is—why do we need to fight to get mental illnesses covered under Health Insurance. Why can’t they be considered as serious as a physical health condition?
There are various reasons behind mental health still being a taboo in India and this indirectly results in no cover for mental illnesses under various Health Insurance plans.
It’s so important for people to gossip about the mental health of someone and call them names, that they forget how negatively it can affect a person. If someone trusts you and shares something about their mental health, it automatically becomes your responsibility to keep that a secret. Unless you’re ready to commit to keeping their secrets safe, don’t get involved with them. But once they trust you, don’t let them down.

Thursday, June 21, 2018

Buying Travel Insurance? A Guide to Buying Travel Insurance

A Guide to Buying and Using Travel Insurance: Learn from my mistakes!  Find out why travel insurance is necessary; where you can get appropriate, but affordable coverage; what to consider; and what you should do with it.




Is Travel Insurance Really Necessary? Travel is already expensive enough, isn't it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. I don't know about you, but I work hard for my money, and when I travel, I want to keep as much of my money in MY pocket as possible. Is travel insurance a necessity or a luxury? Why not cut a few corners here and there. Why buy something if it’s not really needed? My personal answer is, of course, that I am not independently wealthy and can’t withstand the potential financial losses if I require medical care while I’m traveling. Not being independently wealthy also means that I'm in the market for adequate but cheap travel insurance. I suspect that you are in the same position, so you, too need cheap travel insurance. If you’re still not sure about that, consider the following. Did you know that if you get sick or are injured while traveling abroad, your medical plan may not cover all the expenses you will incur? If the costs of treatment are higher than the maximums of your medical plan, you will be responsible for the difference, unless you have already purchased travel insurance. In fact, you may not even be admitted into hospitals in some countries without proof that you have health or medical insurance. This is true for everyone, regardless of age or length of time abroad. Suppose you fall ill just a few hours after arriving at your destination. Or suppose you make a day-trip to another country, and you are injured in a traffic accident. Or suppose one of your children is part of a group making a class visit abroad, gets food poisoning and requires hospitalization. In all cases, without adequate travel health insurance, you will be responsible for the costs above and beyond the limitations of your existing medical plan. Therefore, before going abroad, you need to make sure that you are adequately covered by travel medical insurance that won't break your budget. You should check to see if appropriate coverage is already available to you through your medical plan, employee benefits, or even through a credit card. If the coverage is sufficient for your needs, then you can enjoy your trip without incurring the extra expense of travel insurance. However, if you are not sure of your coverage, or if your coverage is inadequate or non-existent, then your next step should be to research and purchase the travel insurance coverage you need.

How Much Can You Expect To Pay? When I bought my first plane ticket to China a few years ago it cost around $2000 round-trip, and my travel insurance cost me over $500 because I didn't shop around for cheap travel insurance online. A few years later, a little bit older and wiser, and my travel insurance for another trip to China cost me much less--about $300 for roughly the same coverage. The difference? Before buying my travel insurance for the second trip, I shopped around online and got the coverage I needed, at the right price. If I'd have purchased my travel insurance for this latest trip from my travel agent, it would've cost me about $600 for the trip, and my plane tickets only cost $1,500! Not exactly the smart way to go. So how much will it cost you? Not as much money as it will cost you if you get sick or injured abroad and you don't have any travel insurance coverage! That's the obvious answer to the question. In fact, how much travel insurance costs will depend on your age and the type of coverage you choose. Basic policies cost as little as $5.50 USD per $1000 of coverage. On the other hand, you can expect a full coverage policy to cost you from 7 to 10% of the cost of your trip, depending on your age. The older you are, the more you will pay. No matter what the cost of the policy, however, it's sure to be much less than the cost of medical evacuation! The good news is that you can easily, conveniently and quickly research and locate excellent but cheap online travel insurance and reduce the costs while making an informed purchase. This is much better than taking what you are offered at the travel agency because you can choose from hundreds of travel insurance companies and polices and save yourself a lot of money in the process.  

What You Should Consider When Buying Travel Insurance To assist you in your research, here are some suggestions to help you make an informed purchase. 

1. Consider the worst-case scenario. If you can financially withstand the worst-case scenario then maybe you don't need travel insurance or maybe you don't need a comprehensive policy.  

2. Make sure the policy you are considering provides adequate medical/dental coverage, including medical evacuation coverage just in case you need medical care in a place where the best treatment available is below the standards you are accustomed to in your country. This can happen if you fall ill in a developing country or even on a cruise ship.

 3. Check your existing insurance policies for possible coverage. There is no sense in paying more for what you already have in your homeowner or tenant policy, such as theft and loss coverage.  

4. If you are a frequent traveler, you should consider annual or year-round travel insurance policies. Sometimes they are called multi-trip travel insurance policies. Whatever the name, these policies can be relatively cheap when compared to single-trip travel insurance policies. 

5. Know what you are buying, so read the fine print. Make sure that you understand what the company considers to be a legitimate reason for cancellation or interruption. If the list is too restrictive, maybe you should consider another policy.  

6. Don't restrict yourself to buying only from your travel agent. He/She will probably only have one company’s product(s) available, and it's there for your convenience, but that convenience can be quite costly! 

7. Ask lots of questions about the coverage. Play the "what if" game. Ask for clear explanations of terminology. Make sure that you and the travel insurance company are speaking the same language. 

8. Don't buy the insurance through your transportation provider. If the airline goes bankrupt, how adequate will your insurance coverage be?

 Once You’ve Bought Your Travel Insurance Remember that your travel insurance policy covers you between certain specific dates, so don’t start your trip early or extend your trip without first changing the dates of coverage on your travel insurance policy. Of course, this might cost you extra, but that's cheaper than finding yourself without coverage when you need it the most. Also, it almost goes without saying that you should bring your travel insurance policy with you when you go abroad. You can't consult the policy if it's sitting on your desk at home. 

Monday, June 18, 2018

What should you look for in an auto insurance company? Must Read

look for in an auto insurance company?What questions should you as your insurance company when it comes to auto insurance? This article help you choose between the various insurance policies.


What is a car insurance? What will an auto insurance cover? Auto insurance companies cover you and your passengers in the event of an accident. But it is up to you to decide the level of cover you will get. Will the damages to your property be covered by the company? Will all the passengers be covered or only your family? What if your daughter was driving your car? What questions should you ask your auto insurance company when it comes to auto insurance? This article help you choose between the various insurance policies.

 Types of auto insurance Liability insurance, or third party insurance. This is general the lowest form of insurance offered by an auto insurance company. This is the basic insurance, if you are involved in an accident, and it is proven to be your fault, the auto insurance company will pay damages to the other party. The cover offered by the auto insurance company is usually set beforehand. These are the maximum amount the auto insurance company will pay in case of accident For example the agent will agree on a $10000 coverage per person, (bodily injury) and/or $40000 coverage in bodily injury and/or $10000 in property damage per accident You need to confirm with your auto insurance company what they will cover and what are the limits. You might be offered a very low premium by some 'auto insurance company' only to realize that your cover is minimal and unrealistic.  

Uninsured/Underinsured motorists' coverage:

 This cover, (also sometimes a minimum requirement in some states), will cover you if the person at fault is not insured or is underinsured. You must ask your auto insurance company what you will be charged in case of such a situation. Normally the auto insurance company should not charge you some extra premiums. Rental reimbursement, towing and labour Those 'extras' often given with a comprehensive insurance is often use by auto insurance companies as specials. So in case your car is damaged the auto insurance company will pay for rental costs, (sometimes only for a few days). The auto insurance company might also offer to pay for the towing of your vehicle, (not always included). As always you should ask your auto insurance company what is included in the cover.


Collision and comprehensive coverage, comprehensive insurance and full comprehensive insurance:

An auto insurance company will also offer you a comprehensive insurance, as the name indicates, you will be comprehensively covered. In simple terms it means that if you are responsible for a collision the insurance company will pay for the repair of the vehicle. But it is not so simple, an auto insurance company will almost always have the final say on what amount will be paid out, so if it is cheaper to give you market value for the car, then they will. You might think that your car is worth $1000.00 but the real market value might be $500.00. This is not an uncommon scenario. So if the repair of your car are more than $500.00 then the auto insurance company will simply pay the book value of the car. You must make sure that the insurance company is not in control of the market value of the car, normally organisations like the AA will give an impartial market value. As with the third party insurance, the auto insurance company will almost certainly limit the amount that will be paid out, but in general terms, a comprehensive insurance will have higher limits.  

Recreation Vehicle: A recreation vehicle needs its own insurance, a Recreation vehicle insurance is not the same as auto insurance. You should not assume that because your car is comprehensively insured, so is your recreation vehicle.

 Other Types of auto insurance Medical (MedPay), Persona Injury protection (PIP) and no fault cover: This insurance will cover you and your passengers medical expenses in the event of a collision. The no fault cover means that the auto insurance company will pay regardless of who is at fault. This give you the piece of mind that, at the very least, your family and friends are covered. PIP is often a minimum requirement in some countries or states, ask your auto insurance company what the requirements are. 

 The legal requirements

Most states, and most countries will require a certain level of cover, from full comprehensive car insurance to third party auto insurance. In most cases it is up to you, the driver, to ensure that your auto insurance company offers you the minimum required. In most cases the insurance company, (the auto insurance company), is under no obligation to instruct you of the requirements. But of course, a good auto insurance company will, (should?), try its outmost to advise you on the best deal for you.

Saturday, June 16, 2018

What is Advance Payday Loans | Information About Advance Payday Loans

What is Advance Payday Loans: Payday advances are Short-term Unsecured Loans that tie you over to the next paycheck arrival. This comes very helpful when one has little money with a mountain of accumulated bills waiting to be cleared. At the time when customers are sandwiched between paychecks, the payday advances are there to give a serving hand. Payday Advances are a new way to forestall delayed payments, resultant fines, and an embarrassment attached thereof.




Today the World Wide Web has a great assortment of payday loans. So, you have many choices if you are interested to have one. But, it is recommended to find a loan on Land Base in your area, as many payday lenders are confined to loaning money only in their area.
 
Payday advances are Short-term Unsecured Loans that tie you over to the next paycheck arrival. This comes very helpful when one has little money with a mountain of accumulated bills waiting to be cleared. At the time when customers are sandwiched between paychecks, the payday advances are there to give a serving hand.


Generally, the payday cash advance loans can extend to time of two weeks but some extend the loans up to 18 days. If the set time of the settlement comes around and the borrower does not have the needed funds to reimburse the respective credit, he can roll over the advance to the next paycheck by just paying the loan fee. Thus this way it can go into a never-ending cycle.

Before you go any further, take a moment to review what you have learned so far about the advance payday loans.  The material you will read next should clear up some of your questions concerning payday loans.



Advances on payday loans stretch to the next payday. Despite the fact that a large amount of fees is affixed with the payday loans but when compared to the balance of nonpayment fines or fees, it seems to be a cheaper mode.
 

Advances on Payday Loans are a procedural work. Once the loan is granted, lenders will deposit the money into your checking account, if you have direct deposit capabilities and as shortly as the advance is official, one can take delivery of overnight deposits. This is provided by some of payday lenders only though most lenders grant the money in your account in two business days. One can get money transferred earlier if he has requested for a loan from the land base lenders.


With many players in the area there also arises a doubt of authentic lenders with fair trade practices. Scores of payday sites allege that their sites are confidential and safe but even then you have to research their legality as otherwise you could be the next victim of identity theft. Some payday sites assert no faxing is necessary, nevertheless once the borrower is accepted; faxing may be needed despite the lenders claims that faxing is not obligatory.

A breakdown study shows that payday advances has both positive and negative aspects. Most lenders assert these loans are fast with straightforward approvals and that loan companies will not look at your credit. These are flexible in spirit so the borrower can relax because the transaction is discrete. The bulk of advances are issued to borrowers to assist them in helping everyday expenditure on utilities, such as overdue bills or reconnection fees. Many borrowers employ the advances to cover recoiling checks and the bounce fees, which are regularly unreasonably larger than fees on a payday advances.

While on the down side many officials and other people consider that payday lenders are gluttonous, greedy, atrocious people looking to take advantage of the less fortunate and this also seems to be a fact when one goes for in extent details of loan. Another fact is that no monetary institutions, IRS or other sources grant more than they take and payday loaners are just one among them.

Payday loans are cheaper and simple then the other modes. As if due to nonpayment one faces disconnection fees then maybe the fees will be low if compare to payday loans fees, still disconnections is a last thing, which no one wants. So, payday advances help you from that hush up as well as embarrassing situation.


Car repairs is another area and these always comes as a large expense and if one desires to fix up the same day then he can relax on payday loans even though if he does not have a cent with him.

So, above all is just a breakdown of advance payday loans and now it's up to the borrower to decide whether these advances come as a cause of relief or disgust.

Be cautious and never take the payday loans for granted because it could lead to debt problems.


In the instance of bank drafts, if they continue for a longer time they can charge you a lot but if one takes a payday credit to covering those checks then definitely he will be paying less as fees of loan then that of bank, which usually takes the hell out of you.

Now that you have read this article concerning advance payday loans, you should have a better understanding of them.  You should be able to make a reasonable decision before applying for a payday loan.  This article concerning payday loans hopes to provide you with a valuable resource of information so you can help someone else that might be thinking about a payday loan.

Avoid Payday Loans to Repair your Credit You Should Know

Payday Loans to Repair your Credit: If you are trying to make ends meet and are having past due bills pile up, the last resort you would want is to take out a payday loan to pay your dues. There are many sources available today that offer payday advances.  To get a quick payday advance loan, you can connect online with many payday advance loan companies.  Most payday loan companies do not check credit so even if you have bad credit or no credit, you can still apply for a payday loan.





 The loans are issued after you show proof of banking account, Social Security, Driver License and Pay stub proofs. This information is used against you, often the lenders will deduct money from your accounts including interest, and principals that apply to each loan you take out.
If you are trying to make ends meet and are having past due bills pile up, the last resort you would want is to take out a payday loan to pay your dues. There are many sources available today that offer payday advances.  To get a quick payday advance loan, you can connect online with many payday advance loan companies.  Most payday loan companies do not check credit so even if you have bad credit or no credit, you can still apply for a payday loan. The loans are issued after you show proof of banking account, Social Security, Driver License and Pay stub proofs. This information is used against you, often the lenders will deduct money from your accounts including interest, and principals that apply to each loan you take out.

If you are applying for a payday loan online...Beware...Some of the sources are not even institutes that specialize in payday loans. When you are trying to repair your credit, the last thing you need to do is spend money that is not necessary. When you borrow money from payday loaners, your personal information may not be private. Since many of the lenders are outside of the United States and are out of government regulations, your information just might fall into anyone's hands. This puts your credit at great risk.  You would be wise to perform some extensive research to ensure the payday loan institute is valid and trust worthy. 


Payday loans offer you a loan against your paycheck, but the downside is you will be paying higher fees to get the loan.  You could be wasting money and taking a chance on your identity.  Some payday loan companies offer a "free" loan to their new customers i.e. no fees as long as the loan amount is paid in full on its due date. If you are searching for help to repair your credit, it might be wise to search the market for legitimate resources that will help you restore your credit at little or no cost to you. There are Debt Counselors and Debt Management Companies available that assist people with credit repair but the best source is you. You might be wise to check out government options that are available to people with bad credit.

Many services are available to help you repair your life. The best solution is keeping up to date on your bills if possible or minimizing your monthly installments by opting for credit cards that have no fees attached and low interest rates. If you have a credit card, or else applying for a credit card avoid charging items to your cards unless it is absolutely necessary. You might want to apply for a different credit card if you card has high interest rates and discontinue your old card once you receive your new card.  In some cases, depending on your credit card history, you could call your credit card company and ask them to reduce your interest rate.  If you have had a good history with the company, they will most likely oblige.


If you suspect that someone has access to your card be sure to contact your provider immediately to report the card lost or stolen.  Always keep this information in close vicinity to ensure a quick response.  Be sure to only provide your personal information to those you trust i.e. Social Security Number and Bank Account Number. Never give information pertaining to you freely especially over the phone.  If you are considering a loan to payoff your debts, check the market first before applying.  The more applications you complete, the more it applies against your credit report. You might want to cut back on your utilities, i.e. reduce your heat or air conditioning, to save funds that can be applied to your bills.

Thursday, June 14, 2018

You Should Know What Is A Cancelled Cheque?



What is a Cancelled Cheque?

A cancelled cheque in India simply refers to any cheque that has strike marks on it with the words ‘cancelled’ written across. A cancelled cheque is considered to be proof that you actually hold an account with the bank. From withdrawal of EPF funds to setting up an Electronic Clearance Service from the account, a cancelled cheque is required in many cases.
But before we talk about the use of cancelled cheques, let us tell you how to issue a cancelled cheque.

Use of Cancelled Cheques


  • Most investment organisations give utmost importance to Know Your Customer (KYC) guidelines. So if you are investing in Mutual Funds or the stock market, the company will ask for a cancelled cheque to verify if the account associated with the investment actually belongs to you.
  • From purchasing of accessories like a mobile phone, TV or fridge to applying for a Car Loan, Home Loan, Education Loan, etc., EMIs have become the favourite mode of payment. And to set the process of EMIs rolling, a cancelled cheque is required as proof that you hold a bank account.
  • A cancelled cheque is needed to set up the Electronic Clearance Service, which automatically deducts money from your account every month.
  • To withdraw your provident fund amount, companies generally ask for a cancelled cheque with your name on it to validate your account details.
  • Even while purchasing an insurance policy, a cancelled cheque is required.

Issuing a Cancelled Cheque

To cancel a cheque leaf, all you need to do is draw two parallel lines across the cheque and write ‘Cancelled’ in between the two lines. A cancelled cheque doesn’t require your signature. It gives details such as account number, account holder’s name, MICR code, name and branch address of the bank.
Though no one can withdraw money from your account using a cancelled cheque, fraudulent activities using a cancelled cheque have happened in the past. So be very careful when you issue a cancelled cheque and make sure that the person you are handing it over to is extremely trustworthy. Got it?

Well, we hope that we have answered all your doubts about a cancelled cheque. If you are looking for some investment options, go ahead and explore!

Saturday, June 9, 2018

5 Things You Should Know About Health Savings Account Plans Must Read

Things You Should Know About Health Savings Account Plans Must Read: A health savings account plan offers lower premiums and lower taxes for many individuals.  Before switching to an HSA plan, however, one would be well advised to seek the counsel of an experienced benefits specialist who is familiar with insurance companies offering high deductible policies that qualify for HSA account participation.




 In some situations, the lower costs anticipated may not be realized, or may not be worth trade-offs necessary to achieve those savings.

1. An HSA plan can cut healthcare costs by an average of 40% for many people.
Nevertheless, some people will not realize any net savings. Those most likely to realize significant savings are people who pay all of their own health insurance premiums, such as the self-employed, who are relatively healthy with few medical expenses. 


2. You must have a properly qualified high health insurance policy in place first before
you can open a health savings account. One of the biggest misconceptions about HSA plans is that any insurance policy with a high deductible will qualify the policyholder to establish an HSA account. IRS regulations, however, are quite specific.  Not just any policy with a so-called "high deductible" will suffice.  It is important to be certain that you are insured under a properly qualified policy.  Your best bet is to work with a qualified and duly licensed health insurance broker who is experienced in marketing properly qualified HSA plans.


3. Although HSA insurance premiums are low, they are not always as low as you might expect.
This happens for one main reason. Simply stated, the underlying insurance policy is just that—a health insurance policy.  Although it has a "high" deductible, as required by law, the insurance company still must compensate for the risk it is assuming over the deductible amount, which it does by charging premiums.  Many companies offer policies with “one deductible” that all family members contribute toward.  With those plans, it is not uncommon for premiums for a 5000 family deductible with 100% coverage after the deductible to be comparable to a 2500 "per person" deductible plan with 80/20 coverage after the deductible.
Lower premiums represent just one element of the lower net cost achieved with an HSA plan.  The low net cost of an HSA plan is achieved after factoring in the benefits of lower taxes, made possible by the tax-deductible contribution to the HSA account. Thus, if obtaining the lowest possible gross premium is your main concern, you may wish to consider a high deductible, non-HSA policy, especially if you do not see the benefit to contributing to a tax-deductible savings account.


4. You must be insurable in order to qualify for the HSA-qualified health insurance policy.
Because most people do not have a properly qualified high deductible insurance policy, they will need to switch insurance plans in order to become HSA-eligible. Unless coverage is being offered under small group reform laws (generally groups with 2-49 employees), the new high deductible policy will be individually underwritten by an insurance company.  This means that some "pre-existing" conditions may not be fully covered.  Alternatively, some companies may opt to cover certain "pre-existing" conditions in exchange for slightly higher premiums. Unfortunately, some health conditions simply render an individual uninsurable (examples: diabetes, chron's disease, heart attack, etc.).  Underwriting requirements vary by state, which is another reason to rely on an experienced health plan broker.
You should not switch to a HSA plan when the management of existing medical expenses is more important than saving up-front medical insurance premiums. Do not change health plans: in the middle of ongoing medical treatments; after a major health issue has been diagnosed; or if any family member is pregnant.
Generally, it is relatively hassle-free to qualify, i.e. no medical exams, etc. Most insurance companies offering HSA coverage will issue based on your application answers, perhaps accompanied by a follow-up telephone interview. In some cases, medical records may be requested, and companies always reserve the right to order a paramed exam.



5. An HSA offers your best chance to keep a lid on health insurance rate increases.
Make no mistake-you will have rate increases with your HSA insurance policy. Because an HSA qualified policy is still a health insurance policy at heart, there is no logical reason to presuppose that an HSA policy would be immune to rate increases required by an insurer to keep paying claims and stay in business. But what you can expect is that the actual dollar amount of any future rate increases will be substantially lower compared to traditional health insurance plans (regular PPO and HMO plans).  This is true because insurers base increases on percentages, and the same percentage of a lower base premium results in a lower dollar increase. It's not a perfect solution-but it is the most cost-efficient solution for many qualified people.

Wednesday, June 6, 2018

5 Easy Steps To Lower Your Auto Insurance Quote Must Read

Easy Steps To Lower Your Auto Insurance Quote: It was not too long ago when contracts were made on a handshake and a promise.  Individuals were not particularly concerned with things like insurance because they relied upon the goodwill of their neighbor to compensate them for wrongful damage.



It was not too long ago when contracts were made on a handshake and a promise.  Individuals were not particularly concerned with things like insurance because they relied upon the goodwill of their neighbor to compensate them for wrongful damage.  For a variety of reasons, including an increase in the speed and cost of auto wrecks, auto insurance soon became an important purchase for responsible individuals.  Not long after, the federal government mandated that auto insurance be carried, at least minimally, by all car owners. The increase in the need for auto insurance over the last 10 years has led to increases in the complexity of insurance, while at the same time, amplifying the need to be more cost conscious in auto insurance purchases.

Buying auto insurance today requires as much dexterity as buying the automobile itself. It is important to know the factors that an auto insurance company considers when offering quotes. This will allow you, as the consumer, to know what steps you need to take in order to qualify for a lower quote. The five easy steps to a lower insurance quote are:

1.     Portray yourself as a ‘safe’ candidate: Insurance companies are interested in managing risk.  Consequently they offer drivers who are less likely to get into wrecks or at a minimum into wrecks of less severity, a lower insurance quote.

-Maintain a clean driving record, free of traffic violations or accident claims.

-Install anti-theft devices in your vehicle.

-Attend a Drivers Safety Training program.

-Buy a ‘safe’ vehicle. The National Highway Traffic Safety Administration (NHTSA) and The Insurance Institute for Highway Safety together collect information on safety related aspects of different vehicles. Buy an automobile that is officially designated as ‘safe’.

-Park your vehicle in a garage.


2.     Show your Credit worthiness: As a risk management entity, insurance companies are also worried about getting paid on time.  If you can show yourself to be credit worthy, there is less risk of you not making your payments on time, thus warranting a lower rate.

-Maintain a good credit score and clear up any errors on your credit.

-Cut down on the total number of outstanding credit cards to 2 or 3.



3.  Practice Financial Wisdom: The way in which you structure and pay for your policy can lower the risk that an insurance company faces with respect to you as a customer.  By taking steps to lower their risk, you receive a lower insurance quote and policy.

-Buy an annual policy instead of a six monthly coverage to get you a lower rate that remains the same for a year.

-Opt for automatic payment deductions from your bank account or your credit card to avoid getting charged for mail payments.

-Increase your deductibles on comprehensive and collision policies to reduce on the rates.

-Get loyalty discounts by buying your home and auto insurance from the same company.


4. Assess your Insurance Needs accurately: This is obvious, the more coverage you get the more it will cost you.  Add-ons are killers in the insurance business, strip your policy down to just the minimum of what you need.

-If your vehicle is not used much or you have an old car with little market value, opt for minimum liability alone. It will cost you less.

-After fulfilling the legal mandate on auto insurance, insure according to your needs alone.


5.     Other wise things that you can do: There are a number of other considerations that go into your insurance quote.  Some of them are not reasonable steps to take, while others you can do with little effort which can translate into substantial savings.

-If your car is used only for a particular purpose, make your agent aware of it, as this will limit the cost.

-Students that make good grades are often eligible for a discount.

-Give up smoking; it can help you get better quotes.

-Change your occupation if you can help. A delivery boy carries a higher risk than a storekeeper.

Monday, June 4, 2018

Situations That Would Pay You To Have Travel Insurance

Situations That Would Pay You To Have Travel Insurance: No one likes to think about the worst when you’re planning a holiday – that’s for the journey back when you’re thinking about the stack of papers that need dealing with on Monday when you’re back in the office.
Sadly, there are hundreds of things which could go wrong when you’re on your travels around the world. And ‘away from home’ is the last place you want to be when things start to go wrong. Unfamiliar surroundings can make a bad situation considerably worse, but having...






No one likes to think about the worst when you’re planning a holiday – that’s for the journey back when you’re thinking about the stack of papers that need dealing with on Monday when you’re back in the office.

Sadly, there are hundreds of things which could go wrong when you’re on your travels around the world. And ‘away from home’ is the last place you want to be when things start to go wrong. Unfamiliar surroundings can make a bad situation considerably worse, but having appropriate global travel insurance can really lighten the load.

“I never thought it would happen to me” is a phrase you hear a lot in my trade – fortunately the types who say it to me are the types who took the smart decision to buy global travel insurance anyway. You can never be too sure, and for that reason here are 5 scenarios when your UK travel insurance company would swoop in to save the day wherever you are in the world:


You have to cancel your vacation for a death in the family

No one can accurately predict when a loved one will pass away, and with holidays booked months in advance, it’s no wonder that the unexpected often occurs and a family is forced to cancel or delay their vacation plans. If you don’t have travel insurance though, the losses will be firmly for you to soak up. With global travel insurance, the provider should reimburse you the costs involved so you can rebook at a more appropriate juncture.

Your daughter is hospitalized after a nasty fall abroad

A child playing in unfamiliar surroundings is often a recipe for trouble. If your daughter were to fall and break bones while on your holiday, a timely and expensive visit to the local hospital will be on the cards. While everyone would be happy to pay for their daughter’s recovery, it is always easier if your UK travel insurance company is on hand to foot the bill – leaving you with more cash to sightsee when your daughter is able.


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Your business’ future is in jeopardy after you fall ill

Picture the scene: You’re representing the company on some urgent business abroad, and suddenly you fall terribly ill. The company’s future is at stake! Fortunately, your travel insurance company can save the day by paying for an early return home for you, with a business associate taking your place. They’ll pay the travel and accommodation expenses, to boot.

Your holiday apartment is broken into and your valuables are stolen


There’s no disguising the fact that affluent holiday makers are an obvious target for crime, and holiday apartments often contain rich pickings for burglars. If your possessions are stolen while you’re out enjoying the sunshine then it can ruin a holiday – fortunately, appropriate travel insurance can save the day by replacing or reimbursing you for the items stolen.


You injure a complete stranger by accident

Suppose you’re minding your own business by your hotel’s swimming pool, when you bump into someone, causing them to slip and break their arm. Without travel insurance, you could be held liable to pay damages including their hospital fees. With travel insurance, your personal liability cover will pay for their medical expenses.


Sure, I understand that the majority of people have a wonderful time on their holidays and don’t encounter any of these problems – I mean they’re not the kind of thing that happens to you everyday. But they do happen – I’ve seen the claims to prove it! And those are just the stories from the people who have bought global travel insurance: I can’t prove it, but I suspect the number of people who wish they had bought travel insurance for the peace of mind it offers must be a significant figure.