Temporary health but a good one!

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PostPosted: Sat Jun 24, 2006 5:17 am   Post subject: Temporary health but a good one!  

hi...I have recently shifted to Oregon with a new job as a trainer at a pregnant women's health care centre. But I've recently come to know that I'll get covered for my health under my new employer after 3 months of joining. Under these circumstances I have consulted a couple of my friends and come to know that there exists something called a Temporary health insurance coverage. Is there anyone who can get me some more information about it ??



..suzie


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PostPosted: Sat Jun 24, 2006 6:43 am   Post subject: but would you prefer it ?  

hey ! This is a type of insurance policy that covers for the insured's health for a specified period of time. The duration for this coverage may vary from 1 month to 6 month or even longer for some cases. Some of these policies might extend beyond their expiry date if the need arises but its perceived that people would prefer getting a general health insurance policy than the temporary one.

Sasha here..

sasha
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sasha

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PostPosted: Sat Jun 24, 2006 7:10 am   Post subject: please specify !  

hiya,that seems productive and sounds interesting to me ! I guess it has a close resemblance to the general health policies even though it has some major variations. Could you specify as to what it actually covers ?

awaiting your replies,

Jenny


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PostPosted: Sat Jun 24, 2006 8:05 am   Post subject: Its a strict indemnity policy !  

My friend,

I've once had such type of a health policy…and it covered me for my medical treatment that occurred all of a sudden, prescribed drugs, hospital care charges etc. That was basically an indemnity policy which never covered my medical check-ups.



I may also tell you that it doesn't cover any pre-existing medical conditions, injuries that came out in the work place or other work stress-related illnesses. But still it proved out beneficial to me when I was admitted to an intensive care cell !

montanagirl


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PostPosted: Fri Jul 14, 2006 9:24 pm   Post subject:   

All major medical insurance carriers of "Short Term" coverage. Tends to be affordable and will fit perfectly esp if you have just started a new job or inbetween jobs. At least a whole lot cheaper then most Cobra Plans!

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PostPosted: Fri Jul 14, 2006 9:25 pm   Post subject:   

Short Term Policies are available from most if not all major health insurance carriers. They are cheaper then most Cobra Plans hands down.

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PostPosted: Mon Jul 17, 2006 10:09 pm   Post subject: Check this out!  

I am paying less than 1/2 of what I was before after going online & submitting a quote request – five companies fight for your business. They keep undercutting each other on price which saved me alot!



Get health insurance quotes at:



insureme.com/landing.aspx?Refby=613176&Type=health

Fill out one simple form and get multiple quotes!

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PostPosted: Tue Jul 18, 2006 9:03 am   Post subject: do I at all need LTC ?  

Hi..

I'm a guy and I've just turned 31 this month !

I do have a good DI Policy and also applied for a Whole Life policy with Metlife. In my documents its name has been stated as L-98 Whole Life Policy. I've also heard that Whole Life policies can earn annual dividends which are based on MetLife's investment, mortality, and expense experience.

Now do I at all need to think of any such LTC at this early age ??

please reply,

duckling66


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PostPosted: Tue Jul 18, 2006 6:00 pm   Post subject:   

According to statistics you would be 4 times more likely to use a DI and LTC then life insurance. Plus LTC at your age would be really cheap! Its a balanceing act.


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PostPosted: Wed Jul 19, 2006 10:56 am   Post subject:   

Welcome duckling66 to the Insurance Forum.



Well, you have a good amount of disability insurance. The chances of being disabled are much higher than to die. Long term care insurance resembles to the disability insurance. So ask the agent or the company representative whether the disability will work as the long term insurance policy. If it works then you don't have to bother about the long term care. But if there is a difference, then you can get long term insurance policy. Good to see you are thinking about that long term care. As the older you are, the higher your premiums will be because the age will pose a greater risk to the insurer. But as of now you can negotiate with your insurer regarding the premium.



Hope this will help!

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PostPosted: Mon Jul 24, 2006 5:47 am   Post subject:   

Quote:
Hi..

I'm a guy and I've just turned 31 this month !

I do have a good DI Policy and also applied for a Whole Life policy with Metlife. In my documents its name has been stated as L-98 Whole Life Policy. I've also heard that Whole Life policies can earn annual dividends which are based on MetLife's investment, mortality, and expense experience.

Now do I at all need to think of any such LTC at this early age ??

please reply,

duckling66




I would have to say, you are doing well for having a DI Policy at the age of 31! Now you are contemplating on a W/L plus a LTC Policy, wow, make me stand up and take notice.



Now for the question, "Do I need LTC?", I can't answer that because I really don't have the information to make a suitable decision. Yet though, like the DI, LTCI is basically a policy that does two things well, help with custodial care and a wealth preserver. Let me first ask you why you purchase the DI Policy for? In other words if you find yourself disable what was you planning on doing with the benefits from the DI Policy? Was it to pay for custodial care or was it an income replacement? In other words you have to sit down and figure out some basic facts, if you were say in a accident next year and unable to work for lets say 18 months and needed care and of course rehablitation may it be physical, speech or whatever the case, how much income would you need to maintain your current life style?



Not knowing your situation or your responsiblities such as do you have a family? Income? Assuming you have DI, I'll go out on a limb and guess you make more the 40 grand a year, which is pretty much needed to even consider a LTCI Policy as a general rule of thumb. Basically it all boils down to affordability. Or simply sit down and figure how much money you can spend yearly on insurance. Then I would suggest sitting down and having a complete review with a expierence insurance broker along with a financial planner.



I'm not sure what you are paying for your DI Policy but a strip down LTCI policy at your age (just the basics) would cost around 400 dollars a year and a full blown all whistles and max pay LTCI would be around 1300 dollars a year. Quite a delimna to suggest one or the other? I would choose for both, a small affordable LTCI along with a W/L of a small size that is supplemented with a Term Policy. Then as you age and income is greater increase the W/L and LTCI as you go.
RickBlaine
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PostPosted: Mon Jul 24, 2006 5:55 am   Post subject:   

Quote:
I am paying less than 1/2 of what I was before after going online & submitting a quote request – five companies fight for your business. They keep undercutting each other on price which saved me alot!



Get health insurance quotes at:



insureme.com/landing.aspx?Refby=613176&Type=health

Fill out one simple form and get multiple quotes!





So tell me what company cuts their quote? This is an absolute falacy, almost as good as the one that suggest, don't use an agent because we can save you the cost! BS!



All companies will not run the actual cost untill it goes through their underwriters. Agent or no agent, the cost is the same! Only thing an agent can do well at this point is field underwriting, which in Health is pretty simple for the most part. Yet the cost of a policy for Mr. E. is XXX, now if you want XX you have to cut the policy down. In other words the cost is the cost, insurance companies do not cut cost to pick up business or compete with one and another. At least not those that are license with the State! Or lets say those that actual pay out claims.
RickBlaine
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Rick Blaine

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