Health Insurance Daily Digest

by: Christine Zafra

It’s a good thing that schools do have insurance plans. They provide insurance coverage, with the help of the school of course, so that they’ll get the best valued insurance in the market today. But do they really get the best deals?

Business Week, a prominent magazine, tried to study the different health insurance plans for college students today. If you think they gave a thumbs up to their findings, you’re wrong. Out of the 10 universities they studied, 6 recommend students to get insurance while 3 of those REQUIRE them to get one. When they tried to review the policies, Business Week found out that these plans can pull the families down financially. Some universities also bill the students automatically (through the tuition) for the insurance plans (which should not be the case).

Another type of student plan is commercial student plan provider. This is much more flexible that the college sponsored health plan since it also provides an international coverage.

Commercial Student Plan Provider is preferred because students can continue their coverage even after graduation but it is not a surprise that this is more costly compared to the college sponsored plan. Out of pockets expenses and deductibles are more costly too. The dental and eye coverage is most likely not available.

In the end, the important thing you should realize is that you must be covered. A lot of fresh graduates find themselves with debts from the loans they had in college. Health insurance can prevent medical bills in their debts though.

Are you aware that we also have a health insurance available for pregnant women?

Maternity health insurance is a plan that covers maternity coverage. There are no stand-alone maternity health insurance yet though.

We have two types of plans to be able to get maternity coverage: Indemnity Plan and Managed Health Care Plan. The Indemnity Plan gives you the privilege to choose the doctor and hospital you like, but it is the expensive type of Plan. On the other hand, Managed Health Care Plan (HMO,PPO, POS) assigns you to their network of doctors and hospital for your medical care. It is the cheapest plan.

by: Christine Zafra

A lot of Americans cannot afford health insurance, that’s a fact. But did you know that around 30,000 – 40,000 of those who do not have health insurance reside in Massachusetts alone? Yes, that plenty. Most of these people cannot afford the insurance plans their employers offer them and so, they end up with nothing.

The local government of Massachusetts gave the low income earners a way to enjoy the benefits of having their own health insurance too. They have established the Commonwealth Care health care plan (subsidized by the government) where the uninsured can go and get their desired health insurance.

So you asked your mom and dad then you found out that you’re not covered from their insurance plan or they don’t even have one at all. So what is the best thing to do?

You can try enrolling in your college sponsored health plan. So far, it is the easiest and most convenient thing to do. It usually has a cheaper price and most of the time the billing is included in your miscellaneous fees. The paperwork and application can be completed as soon as possible. Having a college sponsored plan means that you will enjoy the privilege to use the campus health facilities. Dental and eye coverage are usually included in a this type of plan.

In New York, the state helps the uninsured individuals to get cheap health insurance. There are several programs available like the Family Health Plus, which is a public insurance program that gives a comprehensive coverage for the uninsured adults who are not qualified with Medicaid. Health Insurance for Children is also available through Child Health Plus. Small business owners can now possibly provide their employees with a cheaper and affordable insurance through the Healthy NY program.

To learn if you qualify in any of the three programs, just proceed to the NY Department of Health Website (http://health.state.ny.us). Click on “Health Insurance Programs under” Site Contents of the right part of the page. Better check it out now!

College life is one of the most sought after stages in our lives. This is the time wherein you�ll learn a lot about your chosen field and being independent from your parents. Being in college is a bit scary too since you�re on your own and everything depends on your decisions.

Having a good health insurance plan for students is much more important these days due to the high cost of medicines. You better ask your parents now if they have a health insurance and if you�re covered too. If the answer is yes, then you�re lucky. But if not, you better work on it as soon as possible.

It sounds so technical doesn’t it? Well, not really. All it really means is self-explanatory. HEALTH. INSURANCE. It is your health, insured. This is where the health insurance companies come in. They offer that kind of insurance wherein they pay for medical expenses. There are different insurance companies, whether they be government-sponsored or private.

These insurance agencies ask their clients to pay premiums which will be accumulated all throughout, to serve as their insurance money or “insurance pot.” This money, they can loan to use for their medical check-ups or expenses. With the clients paying certain dues every month, when faced with a very high medical bill, they will not be too shocked with the big expenses.

Health insurance companies would not put their money on something that is already near the expiry date. What is there to protect when you are already in bad shape? It is important then that you know your family’s medical history so that you take the necessary precautions to avoid any illness common to your family or any other disease for that matter. Vices are definitely a no-no. Aside from being perfectly healthy, there is a higher chance of getting that insurance when you apply for it at a young age. Since you are less likely to be seriously ill when you are at your twenties, insurance companies would rather invest on you than on other people. So remember to be smart and think ahead.

By Evey

by: Christine Zafra

According to a study, about 1 million Americans do not have insurance. A lot of people die too because of this lack of insurance. Now, Millman, Inc., a pioneer consulting firm revealed in their studies that an average American family with four members will usually spend a total of $15,600 per annum for medical expenses alone. If this is the real amount needed for a family of four to be healthy, then a big chunk of their money will be allocated the wrong way if they don’t have insurance. This amount covers not only the fee of the doctor but also that of the drugs needed for further treatment.