news in insurance sector

news in insurance sector
Why are people so much money to pay for a health plan? What is worrying is the number of people in search of that" golden egg "" health policy, pays all medical costs. These plans do not exist! Successful business owners know that this is not how much you spend but how much you get back to what you really think that matters. There is no difference in the area of health insurance. As an entrepreneur, or individual looking for insurance, nothing matters more than a well-structured health insurance portfolio.

Unfortunately, not many entrepreneurs are aware of how to create a well-structured health insurance portfolio. It often comes to the mindset that the best investment is a uniform policy, the coverage for the least amount of premium. These policies often fail to cover the main areas of health care costs that many people often overlook. There are five key areas of a health insurance portfolio should be for an entrepreneur:

* A Basic group or individual medical plan with high deductibles and coinsurance.
* Medical Gap plan that pays your deductible and coinsurance.
* Dread Disease plan (Cancer, Critical Illness, etc.) in addition to medical plan for critical illnesses.
* Accident and disability plans are complementary, that your medical plan for the event you are injured as a result of an accident or disabled.
* Whole Life Insurance, the Accelerated Benefits Rider. This pays you a portion of the cash value of your life in the event of an incurable disease.

What should interest people most about this portfolio is the return on your monthly premium. Consider a typical scenario for a mechanic with his own business. While the mechanic has assets, he will probably not be readily available funds to pay for a serious health problem. He is looking for a health insurance company with a low deductible and co-insurance to protect him against this contingency. But if your child is diagnosed with leukemia, a health plan that is not enough of the costs. The significant part of the radiology cost alone would not be covered by his health plan. This is a serious matter for the mechanic, whose assets are tied into his company. Not only is the mechanic in danger, his business at risk. He is charged in a single plan, not for a majority of contingencies he and his family could. How does he avoid?

First, instead of a low deductible, high premium plan, the entrepreneur should consider high deductible, low premium plans. His options for covering the high deductible are Health Savings Account or a major Gap Medical Supplement Plan. His cancer would supplement paid in addition to his medical insurance, with a small amount, if any, remaining for him to pay. Even if the mechanic suffers an accident at a later date, he has the protection of his accident and supplementary health plan combined to a significant portion of the medical costs.

For about the same amount of the premium per month as a single, low deductible health plan, this mechanic can protect as many as five plans. This follows the logic of insurance, the principle of sharing risk. The return in range is greater than this risk is shared among more companies and the costs associated with these plans are much lower than in single, low-deductible health plan. This is the solution for business owners seeking the best value in health insurance. Several measures with specific functions and coverage are better than a policy that promises more than an insurance policy can afford to pay.

Trends in health insurance have changed, and most individuals and families for private health insurance should be aware of these trends to protect their assets when a serious illness strikes. Health insurance policies to save money is a 10-week campaign to spread the word to self-employed and their families for private health insurance. Stop paying too much for so little insurance protection! Find out how your coverage and save money for health insurance by visiting http://www.edgeoninsurance.com now. Take action today as they make the difference how much money you have on health insurance in the coming years.

Shaun Salem is a licensed insurance companies and brokers, the staff http://www.edgeoninsurance.com, free information about health insurance for individuals, families and professionals. Learn about the different types of health insurance plans available from major medical and surgical HMO plans for additional costs and health insurance.

Find out how the combination of private plans to improve the reach and save each month on health insurance! Edgeoninsurance.com the latest secrets and strategies for private health insurance more affordable!