Tuesday, November 29, 2011

What Is Supplemental Security Insurance?

There is much attention paid to Social Security Disability Insurance in the news, mostly because of recent alarming reports that the program could potentially run out of funds in the next twenty years. While the majority of people who are applying for benefits apply to Disability Insurance, there is also another program called Supplemental Security Income that is managed by the Social Security Administration. What are the key differences between these programs?
Supplemental Security Income is a much newer program than Social Security Disability Insurance (SDDI) and is actually funded from a different source as compared to SSDI. Where Social Security Disability Insurance is funded from the Social Security trust fund. Supplemental Security Insurance is funded by the US Treasury general funds, and it was created in 1974 to replace federal-state adult assistance programs that served the same purpose.
The Differences
The good news about Supplemental Security Income is that it is not in the same danger as Disability Insurance when it comes to running out of money. Disability Insurance is subject to the same problems that retirement Social Security is having - that is, there are fewer people in the workforce and more and more people drawing on the benefits that are gleaned from taxes. Supplemental Security Income is actually considered more of a federal welfare program than straight up Social Security.
Supplemental Security Income (SSI) does not require that you have participated in the workforce for a certain number of years before applying for benefits. Generally speaking, SSI is meant for those who have always been disabled and were never able to participate in the workforce at full capacity due to long-standing and permanent medical conditions that result in disability. SSDI is meant for those who have participated in the workforce for a number of years and then sustained a debilitating injury or illness that then prevents them from participating in the workforce at the capacity they were able to previously.
Another key difference is the amount of money paid to the claimants in both of these programs. The money that applicants get out of Disability Insurance is directly proportional to the money they made before sustaining the injury, whereas Supplemental Security Insurance is more dependent on the type of injury and the amount of dependents that the applicant has.
Be sure that you do research on both of these programs and then make the decision to apply for the program that best suits your needs and medical background.
The Lee Law Firms social security lawyers have many years of experience in all aspects of social security disability and supplemental security income. They have extensive knowledge of the application and claims process and aim to help their clients obtain the benefits they need to make ends meet.
http://EzineArticles.com/6504542

Thursday, November 24, 2011

2 Different Types Of Jewellery Insurance

There are many different forms of jewellery insurance that one can purchase today. However before you do actually look to purchase it is a good idea to know more about it. This way you can ask the right sorts of questions to ensure that you obtain the right kind of policy.
The first thing you need to understand when it comes to this type of insurance knows that there are two different kinds available. There is that designed for schedule jewellery insurance and that is designed to provide coverage for unscheduled. Below we take a brief look at what these types of insurance are.
Unscheduled - This is the kind of insurance policy where you are not required to provide an exact list of the jewellery you want insured. It is the kind that is often included in basic home insurance policies and provides you with blanket coverage of such items. Generally with this type of insurance there are deductibles that you will need to pay and can range from between $500 and $1500. The main benefit of this type of insurance is that you don't need to have your jewellery appraised, but you will need to provide proof (receipts) regarding how much you paid for the items and a written description of them.
Scheduled - This policy is specifically for items of jewellery that you have and can be purchased separately or as a floater, rider or endorsement to your home policy. Of course we would recommend that you actually go for a policy that is separate to your home one. With this type of policy of course the jewellery will need to be appraised as this is what determines how much it is value at for insurance purposes and will of course determine what you will pay each year to have these items insured.
You do need to be aware however that with this type of jewellery insurance even if the cost to replace the item goes up in the future, you will only get what they have originally valued the item at when it was appraised originally.
I hope that the above gives you a good idea about jewellery insurance. You can find more information on this subject at our page regarding Jewellery Insurance at E Insurance.com such as the best ways to insure your valuables and much more on insurance matters.
http://EzineArticles.com/6445315

Monday, November 21, 2011

What Will Public Liability Insurance Do For My Business?

If you own a business of any type you should seriously consider whether public liability insurance is going to be beneficial in the long run. Although it is not necessary to carry this insurance, it protects you in case a member of the public gets injured at your place of business, or if anything happens in the course of you carrying out your business on property belonging to other people. Insurance is an important part of any business because it offers protection against unexpected losses. You should always plan on having to carry some insurance. Even though there is no law against you not carrying public liability that does not mean that it is not in your best interests to have it.
Let us say you own a retail premises where you have customers on a daily basis. At any time a customer could slip and fall while on your property. What is going to be the result if this happens? The customer could bring a lawsuit against you for damages. You would be responsible for any injuries he suffered. If he missed work you might be ordered to compensate him for loss or earnings until he was able to get back to work. Then there are the legal fees themselves. Any such claim can quickly become a substantial cost.
If you go online and get public liability quotes you can often save money with online discounts. Investing in cover will protect you if there is a lawsuit and it will cover the damages someone suffers on your property. It also protects you if you own a service and must go to the homes of the public. Accidents happen no matter how careful you are, which is why you should carry insurance even for services. What if a ladder were to fall on someone? That would be the fault of your business. You need to be protected against any situation.
Public liability insurance will also pay for damages that are done to someone's property. If the ladder were to fall on your customer's car and break the windshield and dent the vehicle, your policy would pay for the repairs and any other associated costs.
In the event there is a lawsuit you will get the representation you need from the insurer. Any damages that are awarded to the customer who was injured will be paid. When you think of the potential costs you would have to bear without this protection, you can begin to see why this is such important insurance to have in place.
There is one business that must have coverage. The law in the UK states that any business that deals with horses and horseback riding must carry public liability insurance. They are about the only business that has to have a policy in place by law.
You can check the prices of this cover online or call your regular broker. This is business protection so make sure you talk to someone before purchasing it. The prices will be adjusted to the amount of business you do. A hotel may be figured by the number of rooms. That is how much business that hotel can do. There is not one figure on the price, so call your brokers and tell them what you need. Get their suggestions. You may want also wish to discuss this cover with an attorney to make sure you are getting enough for your business. When you get public liability quotes you can then pick the best for your business so you have adequate protection.
Learn more about how to get the cheapest public liability quotes on the Author's website, which also offers other useful tips for businesses, as well as covering 3rd party liability insurance in depth.
http://EzineArticles.com/6490954

Saturday, November 19, 2011

Overview Of Medicare Supplemental Insurance

The health of an individual is almost like the primary source of everything that he or she has. When your body is not functioning properly and you are suffering from various debilitating conditions, chances are you will not be able to carry out your work properly which will greatly affect your daily living. Because of this, it is a big must for you to get a partner which will be able to help you secure your health conditions. And one of these is the Medicare supplemental insurance (aka Medigap insurance).
A Quick Glimpse
Medicare supplemental insurance (aka Medigap insurance) is a kind of private insurance for health which is designed as a supplement for Original Medicare. It is the one which is responsible for the payment of the costs of healthcare which is not being covered by Medicare such as the deductibles and copayments. Medigap plans are also going to cover some of the services which are not being covered by the Original Medicare insurance. In case that you have decided to enroll in Medicare while having the Medigap policy, Medicare will still be paying its share of the amount that they have approved for the costs of the healthcare that they cover. For the meantime, your policy is in Medigap will also be paying its share.
Every Medicare supplement insurance plan (aka Medigap insurance) is also expected to adhere to both Federal and State laws that are designed to protect the holders like you and it should be evidently identified as the "Medicare Supplement Insurance." Insurance companies are only allowed to sell a plan that is standardized and identified with letters A to N. Every standardized and regulated policy must offer similar basic benefits, regardless of the insurance company selling it. Service and cost is the sole difference between the policies being sold by various insurance companies.
Buying Medicare Supplemental Insurance (aka Medigap Insurance)
As a whole, whenever you buy your Medigap policy, there is a minimum of two components in the policy, Medicare Part A, which is Hospital Insurance and the Medicare Part B, which is the Medical Insurance. If you decide to buy a medigap plan, you have to directly pay Medicare Part B's monthly premium to Medicare. Also, you have to pay another insurance premium to the corresponding company of private insurance which provides the Medicare supplemental insurance (aka Medigap insurance).
To clear some issues, Medigap policy does not have anything to do with the coverage that you can claim from your employer for this is not Medicare Part B, Medicare Advantage Plan and is not way connected to Medicaid. What is primarily does is to help you in closing the gaps with your deductibles in Medicare. There are also policies that are providing extra benefits not being within the bounds of Medicare like at home recovery, prescription drugs and routine checkups.
Getting your own Medicare supplemental insurance (aka Medigap insurance) is a good way of assuring that you will be able to properly look into your health for you to be assured that you will have no difficulties in the near future.
Learn more about medigap insurance and to find out how to get the lowest rates for the plan best suited for you take a look at http://www.mostmedicare.com/ and know your options. Check out mostmedicare's extended guide and obtain the plan befitting to your needs.
http://EzineArticles.com/6474177

Wednesday, November 16, 2011

Some Interesting Facts About Medicare Supplement Insurance

This is usually around that time of the year when most folk around the age of 65 start looking into a Medicare Supplement Insurance plan. This plan is real lucrative to some, since it is used to cover the gaps that Medicare lacks, or doesn't cover entirely. How in need are you right now? If you are in dire need to pay for your medical expenses, doctor visits, and prescription medicines, then you might just have to get one of these awesome plans. Listen here, we all don't want to be in a financial position to have to rely on insurance to cover our costs of living, but a Medicare Supplement Insurance plan is a real good way to cover those costs you can't really afford to pay.
Obama is in the white house wanting to get rid of this fabulous insurance, he is insane. It won't happen, so stop worrying about the "what if" you do decide to get a plan and Medicare is abolished. Medicare is not going anywhere anytime soon, so you can get that out of your head. Let me ask you a question here; what if I told you I could find the cheapest rate for a Medicare Supplement Plan, with the best company out there? Would you want to apply for one? I'm sure if you were qualified then the answer to that question would be an automatic YES! That's no doubt. Medicare is here to stay, so you might as well jump on ship and get a Medicare Supplement Insurance plan right now.
The interesting thing about the Medicare Supplement Insurance market is that there are hundreds of brokers out there who help people like you figure out what plan best suits their needs. It doesn't matter if you are on Medicare or were denied coverage with a company before, you can still apply for a Medicare Supplement with a new insurance agency or brokerage.
Lots of seniors think that they would have to pay for a service that a brokerage offers, but that is not the case. The service a medicare supplement brokerage offers is free to you. They get paid by the insurance company when you sign up for a plan, and there are no upfront costs associated with any of this. So when you are ready to start an application online for your Medicare supplement, don't hesitate to look around for a broker or agent that is licensed in this department, and knows the ins and outs of Medicare. It will end up saving you tons in the future, and you would be glad you did.
Richard Cantu is President of GoMedigap, one of the nation's largest Medicare Supplement Insurance agencies. The mission of GoMedigap agents is to help Medicare recipients understand how Medicare supplements work and help them shop the market for the best combination of coverage and lower premiums. Visit http://www.gomedigap.com/ for additional information and resources including rates from such companies as Blue Cross Blue Shield, Mutual of Omaha, and many others.
http://EzineArticles.com/6442208

Saturday, November 12, 2011

Medigap Plan G - The Better Choice

When a person first looks at the Medicare Supplement plans available they immediately zero in on plan F. This plan is the plan with all the boxes checked meaning it has the most complete coverage. Plan F is also the most popular plan available, but most popular does not always equate to the best deal.
If you take a look at the next plan down from F, plan G, you will see that it has almost the exact same coverage with the exception that G does not pay the Medicare part B deductible. The Medicare part B deductible for the year 2011 was $162. This is how much you will pay one time per year for out-of-pocket doctor's office charges.
So let's do some math. Once you have your Medigap quotes you will see that plan G's monthly premium is less expensive than plan F's. So subtract plan G's monthly premium from plan F's. Now multiply the answer that you get by twelve (the number of months you pay your premium per year). The answer that you get is how much more plan F costs to have than plan G per year. Now subtract the Medicare Part B yearly deductible from how much more it will cost to have plan F. This is how much you will save by having plan G.
For 2011, if the premium difference between plans F and G is greater than $13.50 per month, then Medigap plan G makes the most sense. Many people can save $100 - $300 per year even after having to pay out that $162 per year Medicare Part B deductible! Now if the savings is not that much and you simply don't want to fool with having to pay the part B deductible, then maybe Medigap plan G is not the best choice for you. But it is defiantly worth taking a look at.
Often insurance agents are reluctant to point out the possible savings available by purchasing a Medicare supplement plan G in lieu of plan F. This is because insurance agents make a little more when a person purchases plan F. A trustworthy independent insurance agent is always a huge asset when it comes to getting the best deal with Medicare Supplement Insurance. An independent agent does not work for a single insurance company. An independent agent licensed by your state and can sell you insurance from any insurance company in that state. This gives you the best opportunity to save.
Joel Moyer is an owner and independent agent for Centaur Medicare Solutions. Prior to being licensed as an insurance agent, Joel served in the US Army for over twenty years. His service included many places around the United States and countries including Iraq, Saudi Arabia, Egypt, and South Korea.
To learn more about Medicare, Medigap, Term life, or to purchase insurance please visit us at http://centaurmedicaresolutions.com/
To request Medigap quotes please visit http://centaurmedicaresolutions.com/get-quotes/medicare_supplement_quotes/
http://EzineArticles.com/6473329

Wednesday, November 9, 2011

Strategies of Buying Residential Landlords Insurance With Ease

Residential landlords insurance is very important as it provides security and peace of mind to many property owners. With the current market conditions declining at high speed, many homeowners have been forced to turn towards renting out their home in lieu of selling. While doing this, there are a majority who are not aware that a regular policy doesn't cover this change in tenancy. While this is the case, an individual will be prompted to buy landlords insurance in order to properly protect his property as much as possible.
This policy differs greatly from a regular one in that it covers real assets, some personal asset owned by the landlord as well as his exposure to liability risk. However, it is advisable to note that none of the personal asset owned by the renter is covered in a proprietor's policy. This cover goes above and beyond a regular proprietor's cover policy by offering loss of rental income coverage in case your residential area is damaged thus becoming unlivable for many months. Residential landlords insurance policy depends on the age, number of units and the type of dwelling. Having said this, here are the steps to consider before buying this type of cover.
Coverage: It is imperative to know what a regular policy covers. A proprietor's cover policy usually covers damage from various calamities such as fire, lightening, earthquake, flood, explosion and storm. A policy will generally protect your asset in case there is theft or on the other hand if there is damage caused with malicious intent.
Evaluation: As a proprietor, it is highly advisable to evaluate your policy needs. This simply implies that you ought to know the value of the asset being insured. The type of asset will have a great repercussion on the type of policy you must acquire. For instance, if your dwelling has several units, you will be prompted to buy a business cover. The amount of liability coverage you require will solely depend on the number of assets you have.
Consulting an Agent: Take time to consult an agent who can help you in reviewing different policies and ask questions regarding the cover. With this information on hand, you will be able to decide which coverage falls within your budget and which suits you best.
Insurance Company: Check out the different coverage quotes offered by different cover companies. Simply, do some thorough investigations before you can take out your cash to buy the residential cover. Remember, making a decision will not only affect your present but also your future.
Since there are several agencies dealing with residential landlords insurance policies, it is advisable to contact them individually to find out the agency offering the best price on the residential landlords insurance policy
http://EzineArticles.com/6493688

Saturday, November 5, 2011

Medicare Advantage Vs Original Medicare

Original Medicare is a safety net, but does not pay 100% of charges incurred for covered services. In addition, Medicare doesn't offer coverage for other services such as routine dental, hearing and vision. Cost sharing with original Medicare includes hospital deductibles, co-pays and co-insurance for outpatient services. Medicare beneficiaries often say that they just cannot afford the 20% that Medicare does not pay. Of course they are referring to the outpatient co-insurance.
When comparing these two options, Medicare Part C offer:
Co-pays for many covered services, such as doctor's visits, testing and emergency room visits.
Part D drug coverage is often included in a Plan C, potentially resulting in some cost savings.
Advantage Plans often include coverage for additional services not covered by Medicare, such as; dental, vision, hearing and sometimes even health club memberships.
Some people with special needs may find Advantage Plans more focused on their individual situation.
Advantage Plans offer beneficiaries an annual maximum out-of-pocket amount. With Medicare your amount of cost sharing is not capped on an annual basis and with an Advantage plan, if you reach a certain thresh hold, you will have your costs covered 100% for covered services.
Medicare Advantage vs. Medicare supplement insurance
Medicare supplement insurance policies have been around for about 40 years. As you know, an insurance company receives a premium in return for filling in the gaps that original Medicare does not pay on covered services.
Not everyone can qualify for a Medicare supplement and an Advantage Plan may be the solution. Reasons a supplement may not be feasible include:
The premiums for a supplement are not affordable.
The beneficiary is dual eligible, qualifying for both Medicare and Medicaid, and as such, doesn't qualify for a supplement.
The beneficiary may have missed the guaranteed enrollment period for a supplement and cannot qualify medically due to the policies underwriting requirements.
Medicare Advantage vs. employer group insurance
Many people who become eligible for Medicare are able to maintain coverage through the former employer or are still employed. Having insurance in this situation is often seen as a benefit in return for the years of service with that employer.
Often, those eligible for coverage will opt out and choose an Part C. Some reasons for doing so may include:
The premiums required for the employer plan are not affordable.
Deductibles, co-pays and co-insurance may be considerably more than what could be had with an Advantage Plan.
The employers plan does not offer coverage as comprehensive as an Advantage Plan,
The employers plan may be restrictive in its network and not meet the needs of the retiree who wants more flexibility.
The beneficiary may find that due to the employer's volatility in the current economic climate, it's uncertain for how long the benefit will be available and the beneficiary wants some certainty.
It's your choice
There are many reasons that you may choose an Advantage Plan over other options available. Ultimately, you need to weigh your options, and armed with knowledge make your best choice.
Fully understand how medicare advantage plans work and how they compete against medigap insurance by visiting http://www.mostmedicare.com/ and reading the extended guide or speaking with one of there licensed experts in the field.
http://EzineArticles.com/6474197

Wednesday, November 2, 2011

Getting the Right Liability Insurance for Your Small Business

When you run a small business, there are several things that you must keep track of. These small details can quickly add up, leaving you overwhelmed and stressed out. However, there is one part of your business that you must absolutely keep in mind, and that is having the right liability insurance for your small business.
Just like any other type of insurance, liability insurance for small businesses will protect the business owners from being sued if an accident happens on their property. This can range from something happening inside the building to even something that occurs out in the parking lot. Regardless of the cause, the business owner may be held accountable and may even be required to assist in paying for the incident. Liability insurance insures that most incidents are covered, letting the business owner have the peace of mind needed to continue running a business.
After understanding the importance of liability insurance for your small business, the next task is to find the right company for you. It is crucial that you take the time to shop around and understand how each company provides services for you. While liability insurance may all appear to be the same at first glance, there are minor details that can alter what you pay for and what is covered. Therefore, understanding each plan and seeing which one benefits you the most is the best way to know that you are getting the most for your money.
While it may help to ask other business owners what types of insurance they carry, do not assume that you can easily transition over to what they are using. The type of business can alter the types of coverage that are given, meaning that the rates and rules will differ from location to location. However, it does not hurt to ask around and see if there is a company that seems to be universally better than others. Reputation is more important than a bargain, as you need to know that you are safe if any incident should occur on your premises. Nothing is more disappointing than having something happen, only to find out it is not covered and that the expenses must be paid by the business and the owner.
Nobody wants to have an accident on their site of business, but it is important to be covered when something does happen. If you do not have insurance, not only could you end up in legal troubles, you will also pay a significantly larger amount than if you had simply had the insurance. Do not risk your business by trying to cut corners, protect yourself and your business by finding the right liability insurance for you.
Joann Carlisle is a writer who looks forward to sharing her knowledge and advice with readers. For more on liability insurance, SBA Loans offers readers advice on getting liability insurance for small businesses.
http://EzineArticles.com/6504214