Trinity Blog 
Wednesday, 29 July 2009

 

Some issues seem to be making some progress in passing the health reform bill.

According to AHIPP 81% of business owners and consumers are apprehensive about government-managed health care. The anticipated outcome for many businesses would result in more employee lay offs, as they would have trouble providing health insurance for all their employees.

 

The new legislation being discussed would create incentives for those employers to provide health coverage rather than a forced mandate health plan or tax penalty for employers.

 

 

Also apposed is the creation of a new public health plan program and a

Proposed tax on insurance companies offering individual plans valued at more than a certain limit. Many feel that taxing insurers will only cause the tax to be passed down to the insured and cause higher long-term cost of health coverage.

 

Other major concerns are the cost of this bill on the federal deficit. More expected after the Legislation break or end of the year.

POSTED BY: C Beard AT 09:18 pm   |  Permalink   |  E-mail this
Sunday, 19 July 2009

When you go to search for life insurance online you will see many sites suggesting lowest rates and 40-70% savings. Well the truth is you can save big by comparing rates from among all the carriers as rates for the same coverage can vary from one carrier to the other. Your best bet is to shop a broker/agency who offers the broadest choices from multiple carriers and products. The rates are provided in real time direct from each carrier. In other words when you plug in your age, weight and answer “no” to any serious health issues then yes you are getting an accurate estimate but only if you’re in the right health class which may require more specific detail. A simple quote website is a good idea if your looking for a ballpark figure of what you might expect to pay. Rates are set by carriers and regulated by the state so rates will not vary from each broker/agency if comparing the same product and same carrier for the same search parameters. Most quote aggregator websites simply lump everyone into several rate classes depending on how many health questions are included in the quote form

Agents today are combining quoting websites, underwriting platforms and telephone applications to pre-underwrite proposed insured for accurate rate class estimates and then submitting the application through a automated platform connected to all carriers, The agent can then quote specific to the clients health and direct them to the proper carrier and rate class for a formal application, order the in home health exam and make even the most complicated high risk life applications simple and fast, shaving days off the exam process and expediting the application through the underwriting process.
 
Website quote engines have their place in providing information to consumers online

However, to obtain the most accurate life insurance quote it is to your advantage to provide as much detail to a licensed life insurance agent who can research your health profile against the best choices of carriers and products. Insurance prospects, that open up about the details of their health profile and impairments if any, will receive a better indication of what final rate they can expect, expedite the approval process and policy issuance, reduce their long-term premiums, and prevent the worse scenario of being declined.

POSTED BY: Chris Beard AT 05:06 pm   |  Permalink   |  E-mail this
 
 
The Power Of Numbers

                          


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