Insurance Tips

health insurance jail time
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Insurance

Health Insurance.

Health Insurance refers to insurance policy covering financial needs during ill health such as hospital medical bills.

The older you get the more likely your chances are of requiring some type of long term care assistance. Because you know that the cost of even just a few years of long term health care can easily wipe out your life savings, you are thinking about buying insurance policy.

For the most part, deciding when to purchase health care policy will depend on your age and your ability to pay the premiums. Since premiums are based on your age at the time you purchase the policy, the younger you are when you purchase long term insurance policy, the less expensive your premiums will be. However, there is a tradeoff. If you purchase the policy early, you may be paying premiums over a long period of time.

Though insurance companies write a policy for anyone between the ages of 40 and 80, most people purchase it when they reach their 50s or 60s. In this way, they will not end up paying significantly higher premiums because they waited for too long to purchase the policy.

With the foregoing, the questions therefore are:

• Are you between the ages of 40 and 80?

• Are you in good health and thus insurable?

• Can you to pay the premiums now and will be able to afford to pay the premiums in future?

What would happen if you suffered an injury or illness and couldn’t work for days, months, or even years? If you are unmarried, you may have no other means of support. If you are married, you may be able to rely on your spouse for income, but you may probably also have many financial commitments such as your children’s education and servicing your mortgage loan. Your spouse may not really support you and your family.

In addition, remember that you do not have to be working in a hazardous occupation to need heath insurance, accidents happens not only on the job but also at home, and illness can strike like lightening to anyone. For this reason, everyone who works and earns a living should consider purchasing health insurance.

 Auto Insurance

A car insurance policy is an agreement between yourself and insurance company that requires you to pay for a premium in return for protection against financial losses involving your vehicle. Coverage and specific benefit vary, but most countries require that you meet mandatory minimums regarding the insurance before you can drive a motor vehicle on public roads.

In most countries, this policy is mandatory. Some countries require proof of insurance before issuing a vehicle’s road license or driver’s license. The punishment and penalties for driving without insurance cover varies from country to country but usually results in substantial fines, possible jail term and suspension of license or/and registration.

Types of this kind of coverage ranges from ‘’property damage liability, bodily injury liability, medical payments liability, comprehensive coverage, collision coverage and uninsured motorist coverage’’.

Property damage liability covers legal claims from damage to another individual’s property that’s caused by your vehicle. Bodily injury liability protects you from legal costs if someone is injured or killed as a result of your driving. Medical payment coverage pay a percentage of any medical bills, whether yours or those of another person who was injured in an accident caused by you. Comprehensive coverage insures your vehicle from theft or natural disasters whereas collision coverage pays for repair cost after collision with other vehicles, objects, animals or pedestrians.

Uninsured motorist coverage protects insured drivers from expenses caused by another driver who has an inadequate insurance policy.

Full coverage car insurance offers many additional benefits and services if you choose to have them and pay for an additional fee. Some policies cover chipped vehicle windscreen, repairs, stereo equipment damaged in a collision and personal property damaged in accidents.

About the Author

The author is an Operations Manager with a muti-national private security firm with over 10 years Operations Management, Human Resource Management, Admin/Office Management and Fleet Management.

Jail time for no health insurance but ok to be an illegal immigrant?

Can any Pelosi supporter explain why she supports the prospect of fining someone and/or putting him/her in jail if they don’t purchase health care under her health care bill but does not wish to prosecute against illegal aliens who are in this country breaking our laws?

“its okay to break some laws, but not okay to break other laws”

You just pinned the tail on the donkey. This is EXACTLY what Washington is saying and has been for years.

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