Short-term Health Insurance Short-term health insurance can provide temporary medical coverage when you are between health plans and outside enrollment periods and would like some coverage in case of an emergency. Short-term health insurance is much less effective than long-term health insurance and, although having lower premiums, is relatively expensive for the level of coverage. […]
Long-term Care Insurance In 2020 the average annual cost of a private room in a skilled nursing facility or nursing home was $105,850, while a home health aide costs an average of $54,912 per year. Long-term care insurance is a means of protecting yourself and your family from the financial devastation that can come from […]
Life Insurance Updated: May 18, 2022 Life insurance is a legal contract between you and your insurer in which your insurer guarantees payment of a death benefit to your beneficiaries when you die. Most people get some form of life insurance. It is especially important if you have dependents — minor children and/or special-needs adult […]
Income and Disability Protection Insurance When it comes to your estate, it is important to realize that your ability to earn an income is probably your most important asset. Like all of your other assets, you need to protect your ability to earn an income. Income protection health insurance provides an income if you are […]
Health Insurance Updated: December 9, 2022 Like other insurance, you pay for health insurance to protect yourself financially if there is a major event such as a serious accident or terminal illness. Health insurance is needed so you can get the healthcare you need, to provide preventive care to keep you healthy, and manage disease […]
Health Insurance Denials Updated: February 15, 2023 It can be discouraging to get a letter informing you that your medical service or treatment will not be covered. This is especially true when it was something specifically recommended by your healthcare provider. It can seem like the insurance company is rationing your healthcare. These denials can […]
Getting the Most Out of Your Health Insurance Once you have chosen the right health insurance plan for you and/or your family, your goal is to use it to stay as healthy as possible at the lowest out-of-pocket cost. It can take some work, but there are many ways to get the maximum benefit from […]
Critical Illness Insurance While standard health insurance will usually pay for hospital care, hospital stays continue to get shorter and outpatient care increases even for those with critical illness. There are deductibles and copays associated with outpatient care as well as hidden non-medical financial burdens associated with serious illness such as lost wages and benefits, […]
Cancer Insurance It has been reported that 39%-50% of men and 33%-38% of women will develop some form of cancer, and many of these may not become critical illnesses. Cancer insurance is a form of critical illness insurance that only covers malignant disease and therefore can be somewhat inexpensive compared to policies covering multiple illnesses. […]
Types of Life Insurance Life insurance typically comes in two forms, depending on the desired length of coverage: term life insurance or whole life insurance. Other forms include: Yearly renewable term life insurance that covers a single year, but can be renewed without evidence of insurability; and Universal life insurance, a type of whole life […]
