Archive for September 2010
Health Insurance – Having Secondary Health Insurance
September 27, 2010 | 
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Secondary health insurance is simply when you are covered by two policies rather than one. This might happen if you are 25 or under and you are a student and are still covered under your parent’s plan or if you have coverage both through you work and through your spouses.
If you have overlapping coverage there are some advantages to this and you shouldn’t write it off as a waste of money right away.
For example if you or one of your family members needs more coverage than what is offered through one provider. If one policy only covers hospital stays for up to $100,000 and you get a bill for $150,000 you would be responsible for the remaining $50,000.
However if you have secondary coverage this policy would then kick in. If you didn’t have a?secondary provider, you would have to pay for the additional expenses out of pocket.
If you do have a secondary policy you must disclose it to your primary company otherwise you could be committing fraud.
The reason is that some people will actually try to make a profit by making claims against both policies for the same thing. In this case if you tried to make a $100,000 claim against both companies you would be making a $50,000 profit, but you would also be breaking the law.
If you have a secondary policy and it’s not costing you too much then it’s probably a good idea to keep it. Unlike the rest of the 46 million Americans who are uninsured or under insured with a secondary health insurance plan you would be setting yourself apart and a little bit of extra protection never hurt anyone.
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Posted in Insurance | 
Tags: Breaking The Law, Family Members, Health Plan, Little Bit, Secondary Health, Waste Of Money | 
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Health Insurance – Alcohol
The consumption of alcohol in the form of recreational alcoholic drinks is something that many people do not think about in connection with their health insurance applications or premiums but it is definitely a factor. The amount of alcohol a person consumes on a regular basis affects the rate of their health insurance premiums as well as the limits and exclusions to the policy. It is important, however, to be honest when filling out the insurance application for if untruths are found, the policy will likely be cancelled immediately and the reasoning cited as to prevent or severely hamper the procuring of insurance from somewhere else in the future.
Social drinking of alcohol is classified as a drink or two on social occasions now and again, with no real regularity. This type of drinking of alcohol does not have any impact on the insurance application, the policy limits or premium costs. Social drinkers do not have any need to worry about their insurance policies being affected by their alcohol consumption. Binge drinking that takes place periodically where a person drinks a lot of alcohol in a short period of time is another matter altogether. Binge drinking of alcohol is extremely dangerous and potentially life threatening to the body in the form of alcohol poisoning.
Health insurance companies do not like to insure binge drinkers or alcoholics who drink daily because those people are huge risks for the company to take on in that there will surely be dangerous repercussions to the body that result in expensive medical intervention needs. From alcohol poisoning to liver problems and all kinds of physical and mental issues, the abuse of alcohol is a lose-lose situation all the way around for a insurance company to consider. As a result, most people who abuse alcohol cannot get quality insurance coverage.
Alcohol is considered to be a drug in many ways due to the negative effects it has on the body when not carefully controlled. It is ranked with smoking when it comes to health insurance applications so both will get a person a higher premium, certain policy limits or even denied health insurance coverage outright. Health insurance companies are not in the business of taking high risks with their money. Alcohol in excess and good health practices do not go together. Insurance companies do not insure people they feel are at risk for medical care problems that result from excessive alcohol consumption.
If you need assistance in this regard or need help looking for several coverages to cover this, please visit our website at http://www.health-insurance-buyer.com and leave your contact information so we can respond to your request.
Health Insurance