It’s feasible to be qualified at Medical Billing Colleges however in most cases you’ll be expected to possess a certificate or preparation .

Certified medical coders can function in a huge many surroundings such as medical offices infirmaries and insurers .

If we look at the up-to-date scenario the proportion of people choosing medical and health insurance has inflated drastically.

These services are rendered to a extended scope of practices and establishments that can include health care installations, hospitals, labs, clinics, individual physicians and physicians’ groups.

Nowadays underwriters and health care bureaus need keeping more highly detailed records of services furnished to patients and this in turn has led to enlargements in the call for for medical billing and coding professionals and specialists.

Health Care suppliers should probe not only the functions of the Medical coding and charging supplier but likewise the quality and features of the medical charging software they utilize to verify it is suitable for their practice.

So you want to check exactly the kind of medical charging software you’ll require and what it costs – So you will need to research this thoroughly.

You should queue up charging accounts or occupations before you purchase your special software program programs.

Here are a few road maps on what to reckon for in the charging software solution.

Anyone curious in either subject should explore colleges accessible in their region that proposes the teaching and certification called for to enrol these disciplines.

In fact as a medical coder or biller your career duties may chiefly take on assigning alphameric ciphers to specified medical operations cited under a system of medical coding that is fundamentally used in an entire healthcare system- commencing from insurance firms, doctor’s offices and clinics to diverse national authorities.

If you intend to work from home you should receive experience in the line of business first so you know what you’re doing and can cite your background knowledge and experience to future customers .

As the health care industry grows up one notices that the number of companies is specialized in furnishing medical transcription services.

Whether you’re an entrepreneur looking for a dependable work at home occupation or a stay-at-home mother you might wish to debate commencing a medical charging business from home.

As a medical claims biller you stand to realise a effective income managing claims for your physician and other healthcare providers .

In order to get medical coding credentials you will have to spend up to a year studying a program that is supported by the Academy of Professional Coders or the American Health Information Management Association – depending on whether you want to be a professional coder or a coding specialist.

Linking up with a medical billing association can facilitate you get employment or business relationships because you can state you are affiliated with the association it.

Medical charging services procedure medical and health insurance claims by charging insurance underwriters.

If you’re seeking a dependable small or home business concern to start you might wish to consider about commencing a medical charging business.

You stand to acquire a good deal even by posting questions to those around you or those employing a medical dictionary.

Medical coders function in conjunction with medical billers in health departments and infirmaries to organise the suppliers health insurance billing needs.

The federal administration always as cash to help start tiny businesses too although you don’t require a good deal.

Medical billing software answers are being taken up by an increasing variety of medical practitioners each year as it makes the billing operation easy, fast and word-perfect.

Linking up with a medical charging association can help you acquire employment or accounts since you can state you are related with the connection.

Feedback on alterations and rectifications is sent to the T-1 team for their survey.

Adding to this your work positioning can be the yet some other constituent that may make a important difference.

Billing providers and medical providers can access the same information and work together to better collection rates.

Medical coding and billing service suppliers ensure their client’s staff is qualified in the software package and also take care of keeping it.

First Of All learn the familiar word roots for each body system as these are the building blocks for medical language.

Time expended taking billing education will not be worthless if you resolve not to commence up your own line of work because you can invariably work parttime or full time to take advantage of your education.

It’s a good business enterprise to commence regardless of the economy.

The universe of medical charging and coding has changed dramatically in the last few years.

You’ll require to learn how to establish, manage and run a small business from home likewise .

In the last few years with the enlarge in medical technology many insurance firms and health care agencies are providing diverse insurance policies.

This emergence results in many clinics and practitioner to outsource their medical charging and invoicing requisites to offshore installations.

One of the most promising vocations within the health care area is medical charging .

Electronic storage of medical records is favoured by contemporary medical establishment because of the sizable number of patient info being taken in .

They often find themselves drowned by the intricate claim forms and insurance policy procedures.

Those who are new to the field can expect to earn a little over $30 000 per annum while charging experts with over twenty yrs. of experience can earn $40 000 per annum.

Because the health commercial activity is rapidly maturing by the minute as a result of the increasing demands for health care the medical billing industry is growing rapidly .

Your geographical position can play a major part in your degree of recompense.

You can watch and have training from doctors, nurses and other people in the office and learn how talk in the medical parlance and how they utilize the terms.

Medical coding and charging is an exceedingly expert practice.

It makes the medical coding and charging operation a lot simpler and accurate.

Better decision making due to extensive accounting of financial statistics.

Because the health commerce is rapidly evolving by the minute due to the increasing requirements for healthcare the medical billing industry is developing by leaps and bounds .

You will want to get swiftly educated by taking many medical charging training online or at a local school or college; all the same taking courses of study on-line would be much faster.

The codes utilized are accepted across the country and allow insurance firms to graph the services of the healthcare supplier .

Likewise it would assist to take a function or part time job in a clinic or with a charging service to get some experience and additional coaching .

Inpatient Coders normally conduct coding in most essential infirmaries .

A charging provider must utilize a dependable quality software program solution to give the utmost benefit to its clients .

There’s a endless flow of patients and therefore patients that need medical care and this leads to health insurance claims, processing and charging .

The healthcare line of business is thought to be ‘recession-proof’ having in mind that no matter of how poor the economic outlook is there will invariably be occupations accessible.

In fact Medicare applies precedence to any claims submitted electronically.

Without Doubt nowadays the whole medical billing and coding career subject area has come forth as one of the most invigorating vocation options in healthcare industry.

While millions of individuals are facing layoffs and unemployment as a consequence of our fluctuating economy the heathcare field is still in huge need of well-qualified staff.

An estimated 75% of claims are being presented electronically these days .

Make sure to check off all you can before you decide to commence a work at home business concern .

They can employ a skilled medical transcriptionist to work from their own dwellings .

Advanced technology and the WWW have brought Medical coding and charging software within uncomplicated reach of both miniscule and big health care suppliers .

The action used in the majority of insurance underwriters is selfsame disregardless they are authorities companies or privately owned.

The manual procedure of registering claims is awash with inaccuracies that cause insurers to decline claims.

Finished files are presented for Proof-reading – Proof-readers at Medical Billing Colleges and jobs medical coding reexamine the finished copies and make the requisite modifications.

Source by MedicalBilling Programs

The Donegal Insurance Group traces its beginnings way back to the birth of the Donegal and Conoy Mutual Fire Insurance Company in 1889. It all started in Marietta, Pennsylvania when the area farmers decided to form the company to protect themselves preemptively from losing their properties in fire incidents and the potential impact that is sure to follow, especially the financial aspect of that impact. As time passed by, they changed its name to the Donegal Mutual Insurance Company. And one of the products it offered to the buying public is the Donegal car insurance.

Bodily injury and property damage liability is the main coverage provided by Donegal car insurance policies. It also includes a vehicle’s physical damage coverage. The bodily injury liability accommodates coverage for any legal responsibilities and obligations in the case of accidents that caused any kind of injury to other drivers, their pedestrians and passengers. The property damage liability coverage on the other hand, provides protection for unfortunate accidents that damages other people’s properties. And if ever that accident will involve any legal costs, especially defense, then it will also be covered as well. There is also a certain type of coverage intended for any uninsured individual, even the underinsured. The uninsured and/or underinsured coverage will protect that customer and his or her immediate family members from the costs of the injury in the event of an accident that was caused by a motorist not insured or those underinsured.

There are also other attractive features included in its auto insurance policies:

• They offer good student discounts.
• The Donegal insurance system can account for high chargeable accident thresholds
• They also offer different programs regarding first accident forgiveness. This means that Donegal Insurance will not raise your insurance rate after the first at-fault accidents.
• Excellent drivers are entitled extra edge discounts.
• PACE protector endorsement program.

The car insurance policies offered by Donegal have various options to help you get the best out of your coverage. There’s also a collision coverage that handles the repair costs of your vehicle that is damaged by the other party in an accident. Another type, the “other than collision” coverage is offered particularly in cases like fire, theft, vandalism, glass breakage and other known perils.

You also have the option to add coverage for the towing of your disabled car and other labor charges, and a rental reimbursement coverage to handle payment of the rented car cost in the event of a vehicular loss. You can also save on Donegal’s insurance coverage if your car possesses passive seatbelt restraints and air bags. It would also be ideal if you have anti-theft devices and anti-lock brakes in your car. You can be qualified for credits with these. There are also other wonderful discounts that you can enjoy if you car pool and if you have undergone a driver’s education class. Save additional money as you avail the multi-car discount program. You can qualify if you have more than once insured car. Now you can see why the Donegal car Insurance is the best.

Source by Dan Williams

Where do you actually find the best mortgage loan rates? It does not seem that hard to do. You can’t activate the Tv, study a newspaper, or surf the net with out seeing these mortgage loan ads but discovering the best charge is truly a function of finding !..

Exactly where do you really discover the best mortgage charges?

It doesn’t sound that difficult to do. You cannot activate the Tv, read a newspaper, or surf the web without viewing these mortgage ads. but finding the best charge is really a perform of finding the very best mortgage business. The charge quotes are only as good as the business quoting them for you.

It’s so easy to post up ridiculously low rates on a website or in an advertisement. Together with putting up their mortgage loan charges on their own website, many mortgage loan companies post charges on other websites.

Just like the Progressive automobile insurance industrial, they are saying you are able to search on their website for other companies insurance coverage rates. If you discover a mortgage loan web site with companies claiming to have the best mortgage rates, you might think this trusted web site hand picked these mortgage loan companies.

So, they have to be good proper?

Incorrect.

Most mortgage loan websites are both lead era websites where they promise they can get you the lowest mortgage charge should you enter inside your info. Or, they make tons of cash off other mortgage companies for putting up their mortgage rate data.

The website itself doesn’t confirm that these businesses truly have great rates. The mortgage company pays them to post their rates since the web site is generating huge visitors. Their own web site doesn’t get enough traffic so they pay for the traffic from another website.

Some web sites are quite bare. The only factor they need you to complete is enter inside your info. They’ll take your info and sell it to a mortgage company – and not only 1 – several, several businesses.

Other web sites produce this air of authority. They pack the web site with information which can make you think they’ve your greatest curiosity at heart. But really they’re there to sell advertising. They have no concept if the companies paying to advertise on their site are moral, honest, or trustworthy.

And, they certainly do not know or care should you get the very best mortgage rates from their website. Their career is to convince you to believe in them. When you trust them, you employ their advertisers. And when you employ their advertisers, they make money.

When you’re searching for the lowest mortgage rates, it’s as much as you to ferret them out. Committing blindly to a mortgage company just because somebody, some advertisement, or some web site persuaded (lied to get your trust) you is harmful.

Keep in mind, to discover the very best charges, you have to find the very best mortgage loan business. And, they are frankly not as simple to find – online or offline – as you’d think. Always be suspicious and look for – the why.

Why would a big website push other mortgage loan companies? Just out of the goodness of their coronary heart!

I think not.

Great Luck!

Source by Fatima Peter

Online two wheeler insurance provides you fast access to the insurance policy at affordable premiums. Numerous insurance companies provide affordable bike insurance in India.

Online two wheeler insurance policies are gaining popularity in India. Vehicle insurance has become the need of the hour. The fast-moving traffic, bad road conditions and lack of infrastructural facilities invite road accidents. In fact most number of casualties and vehicle damages in the world take place in India. The level of physical injuries and vehicle damage caused in accidents makes it really expensive.

Life insurance takes care of the medical expenses, auto insurance helps you recover from all sorts of damages caused to the vehicle. Apart from accidents, two wheelers may also fall pray for damage due to natural calamities, theft, fire or terrorist attacks. Good bike insurance in India can save you from all these accidental damages to your beloved vehicles.

Following are a few frequently asked questions about motorbike insurance:

What is online two wheeler insurance?

Auto insurance or vehicle insurance is mandatory for all sorts of Indian vehicles. Insurance plans for two wheelers in India safeguards your vehicle against financial losses and physical damage to your vehicle. Your motorcycle insurance policy is a contract between you and the insurer who provides financial coverage to you and your motorcycle in exchange of predetermined premiums.

Where to buy insurance plans for two wheelers?

These insurance policies are made available by auto dealers at the time of vehicle purchase. If not, then you need to contact a recognized insurance provider and buy insurance policy for your motorbike. The best thing about these insurance policies is they are available online. Online access to various insurance plans gives you easy access to affordable policies form the comforts of your home.

What are the types of auto insurance for two wheelers?

There are two basic types of bike insurance in India, namely third-party coverage and comprehensive insurance policy. The third-party coverage is made mandatory by Indian Motor Vehicle Act 1988. It covers all sorts of damages caused to a third-party vehicle by your own vehicle. It doesn’t cover your own vehicle. If you want to cover your vehicle against accidental damage, then you need comprehensive motorbike insurance. Along with third-party vehicle, comprehensive insurance provides coverage to your vehicle and you.

How to buy online two wheeler insurance?

Online availability is the biggest benefit of these insurance plans. You get to browse through various insurance plans online for free, giving you the freedom to choose the most competitive policy. Following are the important steps for buying motorbike insurance online:

• Check for the benefits and types of coverage offered by the insurer. Comprehensive vehicle insurance is ideal as it protects you against third party damage and personal damages.
• Look for flexibility, riders, additional costs and all the terms and conditions of various insurance companies before choosing one hastily.
• Check whether your insurance policy provides liability for bodily injuries, property damage, co-passenger and your own vehicle, medical coverage and damage caused in collision.
• Apart from accidents, the policy should also offer protection and comprehensive coverage against natural calamities, theft and damage to the vehicle in terrorist attacks.
• Consider buying add-on covers for electrical and non-electrical parts of the vehicle. Also check for the list of nationwide servicing centers to avail cashless claims.
• Carefully read the terms and conditions of the insurer that explain all the details about policy term, insurance premiums, no claim bonus and the option for online payment and renewal.

Source by oveearaya

Unfortunately, health problems show up during our lifetime and if we don’t treat them wisely, we will have to pay for our indifference later. Especially when we become elderly, these problems become more frequent than we’d wish for. This is the reason why we must become aware of the huge role that Medicare insurance can have in our lives.
As its name suggests, Medigap insurance is destined to cover the gaps from the original medical insurance that everyone should have. In this way, when you get ill and you need all kind of treatments and medical maintenance, your usual health insurance will cover only a part of the hospital’s bills. This is the reason why, if you don’t have Medicare supplement insurance, you will be forced to pay the other part of the total cost, which can bring you to financial ruin. As you can see, it is much wiser to contract Medicare insurance next to your original one.
Medigap insurance can save you from a lot of problems and burdens, especially in periods when you have health problems. If you find yourself in such cases, you will need to remain calm, thinking about what you can do to bring sanitation to you much faster. So, the last thing you’ll need in this scenario is to worry about how to pay back the hospital’s bills. This won’t help you at all and it can even bring more complications in your recovery, something that you don’t want.
Medicare supplement insurance is a great instrument for us to remain financially relaxed in periods with health problems. If we know that we are covered for the whole cost of the treatments we need, then we won’t have why to worry. Otherwise, this burden can bring more anguish to us, which is not recommended especially on these difficult times. Getting better faster is something that we all want and need because we can return to our usual rhythm of life. When someone close in your family is sick, if you already have Medigap insurance, you will be able to concentrate on what you can do to help that person’s recovery and not on how you will pay the bills.
Medicare supplement insurance is designed in many types, so anyone can choose the one that suits him/her better. In this way, you will be able to choose the Medigap insurance which is more appropriate for you and your health condition. The Medicare insurance has the role of helping people and if you pay close attention to the contract’s benefits and sign it soon enough, then you won’t have to pay large premium rates each month. After all, when you reach a certain age, the fact that you feel assured no matter what, is of great comfort.

Source by Fukkk meee

I have been in the car insurance game for a while and every time a car insurance advertisement comes on TV I cringe and their blatant attempt to fool consumers.  They make claims such as offering good drivers a better price and make out they are the only car insurance company or underwriter doing so. They twist words so their ad passes the regulators but I know that in Australia car insurance companies have one of the highest complaint rates about their advertising – and this does not surprise me one little bit.

Below are some things to watch out for and some pointer which might help you not get sucked in by an advertisement that is obviously trying to fool you.

1 – All companies give discounts to good drivers: I have profiles over 80 car insurance companies and can tell you that ALL companies give good driver s a discount.  It is called No Claims Discount (NCD) or No Claims Bonus (NCB).  Basically for every year you don’t make a car insurance claim your rating will improve until it can go no higher.  Every car insurance underwriter treats ratings differently and how they calculate a rating will be different from one insurer to another but mostly a discount for a rating 1 (the highest rating) will be 60-70%.

2 – No company is the cheapest for everyone: Some ads I see on TV make you seem that the company is always the cheapest for car insurance. This is not the case.  Car insurance is priced based on a pool of people, mush like a betting tote.  They use statistics to price each policy.  For instance, if a large % of young drivers make claims then the following month/year premiums for young drivers will go up.  Each underwriter or company will have a different pool of customer and claims and therefore will price differently. From the 10000 quotes I have on my database, every company is the cheapest and also the most expensive for a least one demography.  You should also get multiple car insurance quotes to make a proper comparison.

3 – Feature is very very similar: Features of an insurance policy are very similar and usually differ only slightly.  Don’t believe that one company’ car insurance policies are better than another because usually this is not true.  They might be different but not necessarily better.  You should go through the PDS (product disclosure statement) before you purchase your car insurance.  If it doesn’t include something you need then move on and find another company.

Next time you are getting quotes and deciding what vehicle insurance policy to buy, just remember that each car insurance company has its own tactics to get your business and will go to any length to suck you in.  You are best off doing your own research in order to get the best policies, company and price.

Source by David Johnston

Birla Sun Life offers wide range of insurance solution to the customer. BSLI Saral Wealth Plan is a wealth plus protection plan that offers you extra protection for your loved ones and an option to enjoy guaranteed maturity benefits.

The plan offers you two simple investment options to choose from LifeCycle option and Guaranteed option. Under LifeCycle option, the investment is managed over the term of the policy to suit your age and risk profile. Under this option, your premiums are invested between two investment funds, Maximizer (100% Equity) and Income Advantage ( 100% Debt). With Guaranteed option, your money is solely invested in investment fund called Enhancer. A guaranteed maturity benefit is offered under this option, but you need to pay a extra premium.

Policy Benefits-
Maturity Benefit-
At end of the policy term, the life assured will receive the fund value plus guaranteed addition. In case of guaranteed option, the life assured will receive the higher of fund value or guaranteed maturity benefit plus guaranteed additions.
Death Benefit-
In the event of death of the life assured during the term of the policy, the nominee will receive the sum assured plus the fund value.
Tax Benefit-
Premium amount up to Rs.100,000/- is eligible for tax benefit under section 80C and benefit received under the plan is exempt from tax under section 10(10D) of the Income tax Act,1961.

Policy Features-
1.No medical test is required.
2.Guaranteed addition on your fund value at the end of the policy term.
3.Partial withdrawal is permitted after three continuous policy years with no extra cost. The minimum partial withdrawal amount is Rs.5000/-.
4.Option to surrender the policy anytime during the policy term. On surrender, the fund value is payable.

Policy Detail-
1.Entry Age-18 to 55 years
2.Savings Premium- Rs.10,000/- or more annually
3.Sum Assured-6 times of annual savings premium
4.Premium Paying Term/Policy Term-10pay/10 term, 10pay/20 term and 20 pay/ 20 term
5.Premium Payment Mode-Annually, Half Annually, Quarterly and Monthly.

Source by Habibulla Antule

There are many reasons why you should invest in insurance for your business. While it is not always mandatory as Auto insurance is or overtly important Health insurance, it is just as essential. Protecting your business comes down to protecting the jobs and futures of you, your family, as well as all of your employees and their families. The liability exists and it is your responsibility to protect your assets and the future of your company. Business Insurance should be considered a crucial aspect of any management strategy.

Whether you are starting a business, or have been in business for quite some time, getting started with your business insurance is essential, and there is no time like the present. There are many events that could destroy your business if you do not have adequate coverage. They can be extremely disastrous, and you can almost never see them coming. The best way to protect your business is to have a good damage control plan in place, which is where insurance comes into play.

Basically all business insurance plans must include liability coverage. Professional Liability Insurance covers situations where your company is at fault. If an employee makes a mistake that has significant repercussions on a client, they might be inclined to sue. Liability Insurance covers you in this situation. It is an essential form of coverage, as Americans are often very “sue-happy.”

Most Insurance companies provide Business Owner Policies, which are standard bundles of various basic insurance needs for your company. This can include property, worker’s compensation, as well as forms of general liability. There are many affordable and comprehensive bundles to get your started, and they can be modified to fit your specific needs.

Additionally, it is crucial to review your business insurance needs often, unlike CA life insurance. Various changes in businesses occur, and suddenly you need more coverage than you realize. If your company grows and suddenly a few people have company cars, it is essential that you update your insurance plan to include commercial auto.

No matter what industry you are in, make sure you are protected. Sign up for a business insurance plan as soon as you open your doors, you can’t afford not to.

Source by Ryan Frank

For many years, the study of ethics was left to the philosophers.  Business people did not see the need and thus practiced “business as usual.  There are three reasons why the insurance professional should study ethics:

– Penalties for unethical behavior.

– Ethics for an understanding of business.

– Price of a tarnished reputation.

Penalties for Unethical Behavior

First and foremost, any unethical behavior that is discovered will probably cost far more than any potential gain.

Ethical breaches end careers much more than any other reason.  In the past few years, newspaper headlines have screamed of business malpractice in the insurance industry. Not many of these individuals, if any at all, still work in the industry.  On an agency level, those agents who made it a practice to “fudge” and made material misstatements on applications, in order to make a commission, are probably no longer in the industry.  These are severe penalties for such behavior; however such actions are not only unethical, but also illegal.

Ethics for Understanding Business

Successful insurance professionals understand that their personal ethics are transformed into a successful insurance career.  They realize that although business and personal responsibilities can be separated physically, they never will be able to separate their code of ethics.  There is no door which automatically admits them into reality at the end of a business day.  The ethical code of behavior is part of them and transformed into daily activities, whether it is business or personal pursuits.  Thus, it becomes obvious, that the study of ethics by   the   insurance   professional is indeed  important.

Since we are called upon to make value judgments every day, how we act, both in our business and personal lives, becomes paramount.  A study of ethics enables us to become aware of our thought process and helps us to make sound and ethical decisions.

Price of a Tarnished Reputation

Not every ethical breach is subject to the public spotlight.  In many cases, the individual involved keeps his/her job.  What does occur is that a reputation is established which is a tarnished one at best!  We all have known individuals who established stellar reputations in the business community.  Unfortunately, we all know individuals that have questionable reputations and no matter what is ever said to diminish these tarnished reputations, a lingering doubt remains.  Interestingly, the individual may not even realize that their behavior has been detected.  However, career paths and   promotions become  blocked  and  mediocrity  sets in.  In summary, unethical behavior is a prescription for business disaster.

California Insurance Continuing Education

Insurance Continuing Education

Source by edward hulse

Are you looking for affordable dental insurance for yourself or your family? If so, I have some good news and bad news for you. Which would you like to hear first? All right, all right, I’ll give you the good news first. There are several affordable dental insurance plans available to you right now, especially on the internet, where plans are popping up for $8-10 per month all over the place. The bad news is that they don’t cover much of anything. Let me explain so you’ll understand exactly what I’m saying here.

You see, dental insurance, like any other type of insurance, is designed to offer you protection in the event of an unforeseen event, not something that has already occured. This means that insurance does not cover pre-existing conditions of any kind, so if your reason for buying a dental insurance policy is to get your teeth fixed then you’re in for a big surprise because your claim will be denied. In other words, if you have cavities that need to be filled, a tooth that needs to be pulled, your daughter has crooked teeth, etc., you are on your own. You’ll have a mandatory waiting period of one year before an insurance policy will begin to help you at all with any existing conditions and even then they’ll only pay a small portion. What dental insurance does do is help you with is preventive care such as cleanings, etc.

If you are in need of immediate dental care or would like a dental plan that offers a broader range of care, then you should consider getting a discount dental plan instead of insurance. Discount plans offer big savings on basic and major dental care. You’ll normally save between ten and sixty percent, depending on the procedure you need to have taken care of. You don’t have to worry about being excluded and your existing conditions are no problem.

If you’ve been trying to locate an affordable dental insurance solution for yourself or your family, why not give a discount dental plan a try instead? They’re less expensive and will likely save you a lot more money in the long run. Get more information today!

Source by Joe Stewart

As we mentioned in the other articles, the main purpose of disability insurance is to to replace an individual’s income should they be unable to work, helps to balance between personal earnings and expenses suddenly is upset, and the threat of financial disaster can quickly become a reality as a result of either an accident or a sickness. In this article, we will discuss residual disability in disability insurance policy.
Residual Disability benefits are based on the insured’s loss of earnings.The insurance companies use two methods to determine an insured’s eligibility for residual benefits:
1. the Loss of Earnings method,
2.the Loss of Earnings and Loss of Time or Duties method.
Generally, if the loss of earnings is less than 20% no benefit is payable. If it is greater than 80% the insured is considered totally disabled and the policy will pay the full amount of the benefits.
In order for the insured to be eligible for residual benefits, they must supple financial document to prove their loss of earning.

A) Residual Disability – Prior Earned Income
In order to determine the appropriate income amount, some insurers use one of the following methods:
1.average monthly earnings for any 6 consecutive months in the 2 years preceding disability
2.average monthly earnings for the 12 month period immediately preceding disability
3. highest average monthly earnings for any 2 consecutive years in the 5 years prior to disability
Once the pre-disability income is determined, it is compared to the insured’s earnings after returning to work.

B) Residual Disability – Inflation Indexing
In order to protect the insured’s Residual Benefit, some insurers will make adjustments using the Consumer Price Index. Some companies will simply index the benefit based on a flat percentage.

C) Recurrent Disability
When the insured is no longer considered Totally, Residually or Partially disabled, their benefits are terminated. However, if the disability recurs (either Total or Residual) from either the same or a related cause,the recurrence is consider a continuation of the original disability and no new elimination period is applied and the benefits begin immediately. If the recurrence happens more than 6 months, the recurrence will consider a new disability. A new elimination and benefit period would apply.

D) Recovery Benefits
If a policy contain recovery benefits then following a claim, additional monthly benefits could be paid to provide financial assistance to the insured once they return to full-time work and the amount of the benefit is based on the proportionate monthly benefit.
There may be some other clauses, such as automatic indexing(this feature is designed to protect the monthly benefit against the effects of inflation), presumptive total disability(under certain conditions, the insurer will consider the insured to be totally) disabled, rehabilitation benefit(Insurers will sometimes pay a rehabilitation benefit to assist a disabled insured to return to work) and waiver of premium(when the insured has been disable for 90 days, future premiums will be waived, but only while the insured remains disabled).
I hope this information will help. If you need more information, please visit my home page at:
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/
http://disabilityinsurance09.blogspot.com

All rights reserved. Any reproducing of this article must have all the links intact.

Source by Kyle J. Norton

Many people discover too late that they are not adequately covered by condominium association’s policy. There are a few things that every individual who purchases a condo will need to be aware of, that will assist him or her in purchasing condo insurance. Most condo associations purchase adequate insurance to cover the building, but there are considerable gaps in personal cover and unit cover that need to be addressed by each individual. The trick about buying condo insurance is to be thoroughly aware. Ensure that you thoroughly read though the condo association insurance policy. If possible, get hold of a copy of the policy so that you may consult with a professional should the need arise.

Condo Insurance Essentials

The first thing to remember is that the condo association policy only covers the buildings structure, common areas and where specified, certain common furnishings like carpeting and decorative furnishings. It is important when first purchasing a condo to enquire with the association about the kind of insurance that covers the building and what aspects of the insurance cover any personal injury or property destruction or loss. This means that any personal injury within the condo unit or damage to property due to any reason will not be covered.

Essentially these are a few specific areas of insurance that you will need to look into. One of these is personal possession and title insurance. This insurance will cover you in case of forgery by the previous owner if any and any mistakes made in the property documentation when recording the sale to you. Ensuring that you are covered in case there is a challenge to your complete and absolute possession to the condo is essential.

Personal Property and Liability

Your policy should cover the entire cost of all the property contained within the condo. You should make an assessment of all the furniture and personal possessions contained in the condo and have these documented and listed with the insurance company. This will ensure that should there be any damage to your personal possessions like your furniture, you are adequately covered to replace these.

Insurance in due to water caused by the water utility is something else you should be aware of. Water is run through piping that may cause damage within your condo unit. This may require significant damage repair that may not be covered by the association policy. Besides this, you should also be aware of broad liability that may accrue to you if the building requires repairs and the common fund has insufficient funds. Ensure that you purchase coverage in case of such an eventuality.

If you have expensive items or collectables stored at home, you will definitely need floater coverage to insure these. Getting floater coverage will insure your precious items against damage and theft amongst other situations.

Finally, many condo association insurance policies do not cover unit damage caused due to earthquakes or natural calamities. This is something you will need to be aware of and find out about from your condo association.

Source by Orlandoseo

Life insurance is a top priority for anyone who has loved ones that depend on them for financial support. When you pass away you want to make sure that your family will be able to survive and life insurance offers you that peace of mind. When you are HIV positive you might have a larger struggle trying to obtain life insurance and many places will turn you down on the spot. There are some places that will offer you a burial life insurance policy that will cover the expense of your funeral and burial fees but it may be harder to find one that offers lump sum payments for death benefits.

You should take an inventory of any existing life insurance policies you might already have and look them over to see if they include riders. You might find that you have life insurance already available to you through your employment or a policy that is associated with your home mortgage. If you do have existing policies be sure to keep them active, allowing them to lapse or terminate may mean that you cannot get them back with a diagnosis of HIV positive.

You have to make sure on your social security the coverage of their beneficiaries, make sure that it is available to your dependants. You will also be able to find out how much the pay out after your death will be.

If you have any questions about how to handle your beneficiaries on the existing policies or with your social security benefits you can speak with an attorney to have all your questions answered properly.

If you are still working you can speak to your human resource department to find out if there are any life insurance policies or death benefits that are available to you as part of your employment benefit package. There are also insurance companies that pays out even a potion of your wages as part of their insurance package. This is commonly done on a group basis and requires no underwriting or any type of qualifications from the employee.

If you are planning to leave your job due to lack of benefits, try finding an employer that does offer a life insurance policy with the package and even if the pay is less or the job less desirable you are obtaining the benefits needed after your death.

Speak to your HIV AIDS counselor about the fact you are looking to obtain life insurance and ask for any information that is available for programs that you would qualify for. There are many life insurance companies offering policies to HIV positive clients due to the fact that the AIDS medications are much more effective than in the past and the infected person has been given a much longer life expectancy than years before.

A life insurance company that offers services to everyone is available in the market. You can expect to pay higher premiums if you are not a desirable candidate for coverage and the amounts that are paid out are much less, sometimes just enough to cover the cost of the funeral.

Anyone 65 years of age and over who has signed on for Medicare is likely going to realize that Medicare only covers a finite group of health care costs, leaving gaps in their medical insurance coverage. To help pay some of the health care costs that standard Medicare does’nt cover, such as co-payments, co-insurance and deductibles, there is Medicare supplemental insurance plan – also known as Medigap – which may cover what Medicare doesn’t cover.

“When you choose a Medigap plan, it is important to find the best policy for you,” said Alan Weinstock, insurance broker at “Medicare Supplement Plans”. “Seniors should talk to someone who knows [about it] and can help them compare rates, plans and benefits for Medicare supplement insurance before they buy.”

For older Americans who are ready to choose a Medicare supplemental insurance policy, here are five tips to help them learn further about Medigap insurance.

Medigap Insurance and the Policies Companies Sell

There are Medigap plans ranging from A through L; however, while the insurance companies can sell only standardized Medicare supplement insurance policies, they don’t have to offer every Medigap plan. There is a caveat, though: Insurance companies must offer Medigap Plan A if they offer any other Medigap policy. State laws may also affect which plans are offered by companies.

Important Information about Medigap Policies

In order to buy a Medigap policy, there are some important points you need to know:

1. You need to have Medicare Part A and Part B.
2. There are monthly premium rates you have to pay for Medicare supplemental insurance.
3. Your policy cannot be cancelled, even for health reasons, as long as you pay your premium.
4. Each plan only covers one person. That means you and your spouse will have to buy separate policies

Choosing the Best Time to Buy Medicare Supplement Insurance

The best time to buy Medigap insurance is during your Medigap open enrollment period, which is the six-month period that begins on the first day of the month in which you turn 65 and enroll in Medicare Part B. During this period, insurance companies cannot use medical underwriting, so they cannot refuse to sell you a Medigap policy, charge you more because of health problems or make you wait for coverage to start, except in some cases for pre-existing conditions.

After the open enrollment period, Medigap insurance companies are generally allowed to use medical underwriting. Therefore, there is no guarantee they will sell you a policy.

Insurance Company Pricing of Medicare Supplement Insurance

Insurance companies decide individually how to price their policies. There are three ways they can set the price: community or no-age rated, issue-age rated or attained-age rated. Be sure and ask them how they do it, because the way they set the price affects how much you pay now and in the future.

Know What Medigap Policies Don’t Cover

Medigap policies don’t cover long-term care, hearing aids, eyeglasses, private-duty nursing and prescription drugs, vision or dental care. Prescription drug coverage can be obtained by joining the Medicare Prescription Drug Plan, or Part D.

The important thing is to seek out experts and ask questions when looking to purchase Medigap insurance.

Source by Alfred Winston

Bajaj Allianz, ICICI Lombard in talks with American company to launch the product.

Property transactions in India will soon have an insurance cover to fall back in case something goes wrong in the deal. The country’s two large private sector insurers, ICICI Lombard General Insurance and Bajaj Allianz General, are planning to launch title insurance covers this year.

Title insurance is a cover that protects a potential owner of a property against loss from defects in title. The policy is a retrospective one, where the insured is protected against losses arising from the events that occurred prior to the date of issuing the policy. Globally, the policy is bought by investors, occupiers and financiers.

At present, none of the property transactions, be it large acquisitions or a simple sale of a land or a flat, is covered through an insurance policy by an Indian insurer.

The reason is that Indian insurance companies do not have the underwriting expertise to offer title insurance products. Indian insurers require reinsurance support to be able to offer the product.

Both Bajaj Allianz and ICICI Lombard are in talks with First American Title Insurance Company (FATIC), which will be offering reinsurance support for Indian insurers to offer the product.

FATIC is the largest title insurer globally, with a revenue of $8.4 billion in 2006.

Says Swaraj Krishnan, CEO, Bajaj Allianz General Insurance, “We have had a preliminary discussion with First American Title Insurance. We have asked them to give us the product details. We will be doing a market study, verifying the titles and will file the product with the regulator in the coming months.”

The value of the title insurance cover will be equal to the price of land that has to be acquired. The premium rates will be a function of the value of property, the nature of transaction, which means the size of the purchase, the past history of the real estate property, costs relating to title search and the legalities involved in the title search.

Howden Insurance Brokers is also in talks with real estate developers, financial institutions, law firms, insurance companies and reinsurers to culminate into the next few insurance policies being sold.

Says Anoop Mathur, vice-president of Howden Insurance Brokers, “The value at risk has grown proportionally as the land cost has increased for the real estate developers. Title insurance makes a project bankable and saleable to customers.”

According to Akshaya Kumar, chairman, Park Lane Property Advisors, consultants during due diligence discover 20-30 per cent cases have title defects in them.

Property consultants believe that the availability of title insurance products will boost private equity investment in Indian real estate since most of the institutions are very particular about clear titles.

According to accounting and business consultancy firm Grant Thornton India, private equity firms have invested nearly Rs 25,000 crore in Indian real estate and infrastructure in 2007and, according to industry estimates, the investments are set to grow in the coming year.

“Institutions do not buy even if they have the slightest doubt about the titles. More private equity funds will flow in the Indian real estate if title insurance products are available in the country,” says Anuj Puri, chairman, Jones Lang LaSalle Meghraj, an international property consultant.

Adds Anshuman Magazine, managing director, CB Richard Ellis, South Asia: “Title insurance products give a lot of comfort to international investors to invest their funds in the property markets of developing markets such as India. Since these investors do not invest directly and do joint ventures with Indian developers, the local partners will take care of title issues. But we have also seen foreign investors demanding these products before signing the agreements to develop properties.”

According to Mathur of Howden Insurance Brokers, the two Bills — Land Acquisition Amendment Bill, which has been introduced last month in the Lok Sabha, and the Resettlement and Rehabilitation Bill – will make corporates acquiring land for SEZ or other reasons buy title insurance covers.

Explains Mathur, “After the amendement of the Land Acquisition Act, 1984, the government will not be able to acquire land and make it available for companies. As a result, corporates will have to acquire the land directly from land owners at a higher price. In such a scenario, title insurance would protect project developers from any financial loss arising from any defects in title to real property.”

There are two types of title insurance policies: the owners’ policy and the lenders’ policy. Owners’ title insurance is bought by a buyer of the property. It protects the buyer from all loss or defects in a title.

On the other hand, the lenders’ title insurance is bought by lenders such as banks and financial institutions. Experience in other global markets is that all institutional lenders require title insurance to protect their interests in the collateral of loans secured in real estate.

The policy amount decreases each year in proportion to the loan paid off each year. The policy has a provision for defence cost if a title to the real property is challenged in a court of law up to the actual amount of indemnity provided under the policy.

Land records in the country are not computerised and are not easily accessible.

The deeds registration system is not guaranteed by the state government and is inconclusive; typically leaving buyers with 30 years of title deeds to assess. Besides, the level of fraud in Indian real estate transactions is very significant; and the legal process is slow.

According to insurance officials, four to five foreign title insurance companies are keen to do business in India on this product. They may set up a dedicated company in India or could provide reinsurance support to Indian insurers to offer the policy for this line of business.

Source by Property

I am presenting to you a list of seven important points to consider when you are deciding for life insurance.

1. To try and make you part with your money, some unscrupulous brokers will try to get you to aquire extra or new policies which will give them extra income. Replacement often does make sense, as term costs have decreased across the board in recent years. If you have a whole life or universal scheme, be careful if you are contemplating cancelling them. With favourable rates given when you bought the scheme, these type of policies could have large surrender charges.

2. Non-medical life insurance plans often have higher premiums but lower face amounts than the standard life insurance policies. These type of plans are normally confined and only pay out the equivalent of the amounts paid plus interest if cashed in the first two years. If you have major health issues then these types of plans may be the best type to purchase.

3. Avoid accidental death insurance. Many Canadian life insurance companies heavily market accidental death insurance to unsuspecting consumers. Accidental death insurance is exceptionally advantageous to insurance companies, as below 3% of all life insurance claims are paid out because of death by accident. The corresponding term policy is often no more expensive than any of the accidental death plans for sale.

4. Be careful of agents that are only allowed to sell their own companies’ products: the so-called captive agents. Companies employing independent brokers often charge smaller fees than companies employing captive agents. Not being able to shop around, captive agents hardly ever find the best scheme to suit your needs and the best price.

5. The cheapest isn’t always the best fit. When examining your life insurance premiums, remember that the total cost is more important than the initial premium. Many insurance businesses try to lure customers with low initial premiums. Plans that start with lower initial premiums which increase with age are probably better for those customers who only need temporary insurance. The issue is that many businesses employ a one-size-fits-all philosophy. As individuals, insurance brokers need to look close at what the consumer needs.

6. Be conscious of policy exclusions. With a few exceptions, life insurance policies have a two-year suicide exclusion. Recreational pastimes and travel are sometimes excluded from your scheme if you are actively doing them when you put the application in. For that reason, pick a broker who is up to date on policy underwriting and can look around for the best offer, as each insurance company lays out their policies differently.

7. Keep away from any misrepresentations on your application. All Canadian life insurance policies have an incontestability period, generally of two years. Not telling the truth or keeping back information can be challenged by an insurance company if you try to make a claim in this time period.

If you are interested in more information from me, you can visit our website and review our profiles of over 25 Canadian insurance companies, such as AXA Life Insurance, or Great-West Life Assurance Company.

Source by Lorne Marr

Working with reputable car insurance brokers can be a good way to save time and get a good policy at a good price. You will still need to do some work though to make sure that the broker you select is properly looking after your interests. There are many good car insurance brokers out there and most will do exactly what you need them to do. As with any business transaction, however, there are some less qualified individuals in the market and if you aren’t well informed you can end up paying more than you need to. If you do your part then working with car insurance brokers can be a very good experience for you and save you time and money.

The job of the car insurance brokers is to work with insurance companies on your behalf to get you the best policy to suit your needs at the best price. This can apply to either a new policy or to the policy that you already have. The broker will make his or her money by charging a commission on the insurance fees. If you are not knowledgeable about insurance pricing you leave yourself vulnerable to unreasonable commissions and extraordinary fees. Paying on commission can also lead car insurance brokers into the temptation to suggest services that you don’t need in order to inflate the price. Of course, reputable brokers will avoid this but unless you know what you are paying for you will have no frame of reference by which to judge whether or not you are being over charged.

Some key points that you should look for when selecting a broker is how you will pay for services. Most reputable car insurance brokers will not ask you to pay a fee up front. They will also not ask you to pay for their services via wire transfer or other electronic means. Assuming you are comfortable with the way fees are charged, you should visit the car insurance brokers’ office to ensure they have a physical address. You should also request to see their certification papers or you should consult your local credentials offices to confirm that they are operating properly.

Once you have done some background research and you have located a broker that you believe will work for you, you will sit with your broker and discuss your options. Experienced car insurance brokers know the right questions to ask and will quickly zero in on what type of insurance is best for your situation. After gathering the information they need car insurance brokers will go out to the various insurance providers to gather quotations. You will be presented with your options and your broker will take it from there.

When you work with car insurance brokers you are paying for their experience and expertise. A good broker will be able to make a good match between you and an insurance provider. You should come away from the experience with a high quality car insurance policy at an affordable price. From time to time your broker can revisit your policy to ensure that your coverage remains adequate and the price is still competitive. When you work with qualified car insurance brokers you will come away feeling confident that you are properly insured and that you have saved both time and money.

Source by David Nalin

Life insurance may be the only way to create an estate immediately. What exactly does this mean? There are many benefits to purchasing term life insurance but this ability to so simply create an estate among the many options that require time, attorneys, and money may be one of the greatest. Let’s look at how you can instantly create an estate.

First, what is an estate? A person’s estate in simple terms is the net total of assets, properties and other items that are owned. The context we are using the word estate in has to do with the plan for how these assets will be handled upon the trigger of some event..such as the death of the owner. This is usually handled via documents such as wills, deeds, and/or trusts. Estate planning is a world onto itself and is not within the purview of this website. How we are concerned with estates and estate planning is the singular ability of life insurance to immediately create an estate with out other documents such as will, deeds, or trusts. Typically, an estate planner or attorney helps to craft these documents under the heading of estate planning for a person as each person’s situation is different and requires a specific fit.
Estate planning is important in that it correctly states how things will progress during the process of probate. Probate is the the legal process of administering a deceased person’s estate.

Although there are many variables that come into play during the process of estate planning (hence the need for a professional estate planner), only life insurance creates an immediate estate. This means that the contract itself automatically dictates where the life policy benefit will go. To some extent, the life insurance policy allows this money to bypass the sometimes complicated and technical world of probate. It’s built directly into the contract and does not need to be established elsewhere to correctly be processed when the insured person passes away. This is a relief and part of the attraction to life insurance. The benefit of the “head of the line” status for life insurance benefits is that in avoiding probate, it also by that nature avoids taxation and potential debts. It passes directly to the life insurance beneficiary. If an asset is not correctly handled during the estate planning process, it can be subject to probate which may lead to taxation, offsets by existing debts, and other complications.

In some ways, life insurance benefits are like property in the context of estate planning. It’s pretty remarkable that a monthly premium of $40-50 can result in a non-taxed $500K or half a million dollars if a person passes away. This $500K is no different than a liquidated piece of property which is not subject to taxation, debts, etc. There is a huge different between $500K before and after tax. When money comes to a person in a lump sum, the maximum tax limit is usually applied to the large amount. The ability to create an immediate estate is just one more advantage of purchasing term life insurance.

Source by Dennis Jarvis

I am a bankruptcy lawyer in Florida and every week I meet people who want to start over with their lives and get rid of overwhelming debt. Sometimes the debt is their own fault because they misuse credit cards or gamble. Maybe their business failed; maybe they lost their job and were now living way above their means. The cases that really touch a nerve are those people who have health insurance issues and are now facing thousands of dollars in medical bills through no fault of their own.

One client was fighting breast cancer and lost her job and health insurance through cutbacks with her company. She was responding well to the cancer treatments, and without them she was certain to die. Her health insurance company wouldn’t insure her through COBRA, so she continued her treatments and medication using credit cards to pay for everything. When she came to me, her cancer was in remission, and her credit card debt was over $150,000.

Another man came to me after he had been in a car accident and had been in a coma for several weeks. He had just gotten a new job and his health insurance would kick in after a 90-day probation period. When he got into his car, life was good and he had everything to look forward to. Without warning and without knowing it, he ended up in the hospital unconscious with several broken bones. After he woke up he had to stay in the hospital for a while and eventually was moved to a nursing home to get therapy. He lost his job, and now he was about to lose his house. The accident was the other person’s fault, and neither the other driver nor my client had the proper car insurance to cover my client’s injuries. Without the proper car insurance and certainly without health insurance, this man now had hospital and doctor bills well into the six figures.

A third client came to me with about $110,000 in hospital bills because of his child’s kidney transplant. His health insurance started paying for his child’s medical procedures. Then he lost his full coverage without his or the hospital’s knowledge. Since no one knew the insurance had changed, the doctors continued to treat the child and he even got the kidney transplant he needed. But the insurance company refused to pay many of the bills when they were turned in. The problem was my client had been working full-time but his hours were cut to part-time hours as a cost-saving measure for his company. He didn’t lose his insurance completely, but it was cut back proportionately. He had coverage for doctor visits, trips to the emergency room and over-night stays in the hospital, but his insurance cap was lowered considerably. Any charges over that cap had to be paid for out of pocket. What was really ironic was the operation was done early in December so the child could be home by Christmas. If they had waited until January, the next year’s coverage would have started with a new cap, and my client wouldn’t have been in this situation.

People come into my office all of the time dealing with overwhelming medical expenses. Inadequate health insurance can ruin a person’s life if they have the misfortune of facing accidents and illnesses such as these. In catastrophic events, medical expenses can soar out of control very quickly.

Source by Ethan Kalvin