http://insuranceguy.ampminsure.org Knowledge is the only wealth that increases with sharing!! Wed, 19 Aug 2009 11:11:27 +0000 http://backend.userland.com/rss092 en Medical bills are one of the major causes of filing bankruptcy in America. Of all the bankruptcy cases lined up before the USA court, 50% were caused by insurmountable medical costs, even when around 40% of the bankrupts had health insurance to take care of the medical costs. Following are ... http://insuranceguy.ampminsure.org/2009/08/13/medical-bills-bankruptcy/ Do you know that one of the reasons for high health insurance premium is health insurance frauds? That’s right, health insurance frauds cost the insurance companies millions of dollars and to mitigate the loss health carriers pass it to the consumers in the form of increased premium. Health insurance is ... http://insuranceguy.ampminsure.org/2009/07/30/has-health-insurance-fraud-caused-you-to-lose-health-insurance/ Health Reimbursement Arrangement or HRA is a government based program which can help in reducing the constantly rising health insurance costs. HRAs are offered as a part of consumer directed health plans (CDHP) which can help in reducing the cost without compromising on the coverage aspect. Features of HRA The following are ... http://insuranceguy.ampminsure.org/2009/07/24/health-reimbursement-arrangement/ Procuring an insurance policy doesn’t guarantee that all your claims would be paid. A policy document normally describes the conditions which would be covered and which wouldn’t. Therefore, you should always read the policy paper thoroughly to make yourself aware of the terms and conditions of the insurance company. But, ... http://insuranceguy.ampminsure.org/2009/07/13/how-to-deal-with-health-claim-denial/ With the economy going south, maintaining coverage and at the same time saving money on the premium has become a concern with the professionals. Therefore they are looking for policies that would react according to their income fluctuation. Premium waiver can be a welcoming relief for people in financial crunch. What ... http://insuranceguy.ampminsure.org/2009/07/09/premium-waiver-laid-off/ Recently the ampminsure community had a discussion where a member posed a problem before the community member regarding a life insurance policy held in an irrevocable trust. Following is the post made by her. I am the beneficiary of a life insurance policy. My step mother put the policy into an ... http://insuranceguy.ampminsure.org/2009/06/26/irrevocable-trust-life-insurance/ Becoming terminally ill isn't the end of your insurability for the insurers anymore, at least the situation has improved over the time. New medicines have ensured longer life for many critically ill people and the insurance companies too have receognised this fact by extending life coverage to them. But, what would ... http://insuranceguy.ampminsure.org/2009/06/11/guaranteed-issue-life-insurance/ The search for life insurance begins with the search for quotes. You want to know how much it would cost to buy the needed protection for your family. But finding the right quotes isn’t as easy as it sounds. You need to know where and how to search for the ... http://insuranceguy.ampminsure.org/2009/06/05/life-insurance-quote/ Almost anyone who you would talk about getting credit life insurance would tell you the line: you shouldn’t put money in credit life insurance. But what makes credit life insurance a bad purchase? The other day when you have spoken to the eloquent sales person at the car lot he almost ... http://insuranceguy.ampminsure.org/2009/05/29/credit-life-insurance/ Accidental death benefit(ADB) is also known as double indemnity plan, i.e. ADB would pay double the death amount if the insured died in an accident. Now, the ADB benefit makes sense to some since they are receiving double their value of life insurance without increasing their premium amount much. ... http://insuranceguy.ampminsure.org/2009/05/23/accidental-death-benefit/