November 2015 archive

Nov 30

How to Research Different Insurance Plans

It’s important to understand what kind of health insurance you have. The most common types include: Exclusive Provider Organization (EPO) A Health Maintenance Organization (HMO) Point of Service (POS) A Preferred Provider Organization (PPO) Medicare Medicaid An HMO limits coverage to treatment from doctors under contract to the HMO. Out-of-network care is usually not covered …

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Nov 29

5 Keys to Choosing the Right Individual Health Insurance Plan

The internet has made it easier to compare different health insurance policies and shortlist health insurance plans. With the right health insurance policy, one can make substantial savings if a family member gets sick. Although there is no golden rule to choose the right individual plan, yet, some common tips help in the decision making …

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Nov 28

The Long-Term Care Landslide

The ground is rapidly crumbling beneath the long-term care insurance industry. Genworth Financial, a major LTC player, has been caught in the landslide. Genworth recently posted a quarterly loss of $844 million, driven largely by costs associated with its LTC products, according to Bloomberg. (1) The loss was the largest since Genworth spun off from …

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