5 Basic Facts About Health Insurance Policies In A Bad Economy

5 Basic Facts About Health Insurance Policies In A Bad Economy

1. DOES YOUR PLAN COVER YOU ON AND OFF THE JOB?

Many health insurance plans have specific exclusions that eliminate your benefits for anything that could have been covered under Workers’ Compensation or similar laws. Now read that last sentence again.

COULD HAVE BEEN COVERED!?

That is correct. Most self-employed people and even some small business owners do not carry Workers Comp on themselves.

There are designed insurance plans that will cover you on and off the job — 24 hours a day if you are not required by law to have Workers’ Compensation coverage.

2. ARE YOU WRITING IT OFF?

Independent contractors (1099’s), home-based business owners, professionals, and other self-employed people generally are not taking advantage of the tax laws available to them.

Many people who are paying 100% of their own costs are eligible to deduct their monthly insurance payments. Just that alone can reduce your net out-of-pocket costs of a proper plan by as much as 40%. Ask your accounting professional if you are eligible and/or check out the IRS website for more information.

3. INTERNAL LIMITS

All true insurance plans use some form of internal controls to determine how much they will pay out for a particular procedure or service. There are two basic methods.

-Scheduled Benefits

Many plans, some of which are specifically marketed to self-employed and independent people, have a clear schedule of what they will pay per doctor’s office visit, hospital stay, or even limits on what they will pay for testing per 24-hr. period. This structure is usually associated with “Indemnity Plans”. If you are presented with one of these plans, be sure to see the schedule of benefits, in writing. It is important that you understand these types of limits up front because once you reach them the company will not pay anything over that amount.

-Usual and Customary

“Usual and Customary” refers to the rate of payout for a doctor’s office visit, procedure, or hospital stay that is based on what the majority of physicians and facilities charge for that particular service in that particular geographical or comparable area. “Usual and Customary” charges represent the highest level of coverage on most major medical plans.

4. YOU HAVE THE ABILITY TO SHOP!

If you are reading this you, are probably shopping for a health plan. Every day people shop, for everything from groceries to a new home. During the shopping process, generally, the value, price, personal needs, and general marketplace get evaluated by the buyer. With this in mind, it is very disconcerting that most people never ask what a test, procedure or even doctor visit will cost. In this ever-changing health insurance market, it will become increasingly important for these questions to be asked of our medical professionals. Asking the price will help you get the most out of your plan and reduce your out-of-pocket expenses.

5. NETWORKS AND DISCOUNTS

Almost all insurance plans and benefit programs work with medical networks to access discounted rates. In broad strokes, networks consist of medical professionals and facilities who agree, by contract, to charge discounted rates for services rendered. In many cases, the network is one of the defining attributes of your program. Discounts can vary from 10% to 60% or more. Medical network discounts vary, but to ensure you minimize your out-of-pocket expenses, it is imperative that you preview the network’s list of physicians and facilities before committing. This is not only to ensure that your local doctors and hospitals are in the network but also to see what your options would be if you were to need a specialist.

Ask your agent what network you are in, ask if it is local or national and then determine if it meets your own individual needs.

Sharing is caring:

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Chapter 1
In this first lesson, your instructor provides an introduction to the course. This complete course is Covered in 3 Modules for easy understanding.
Chapter 2
In this lesson, we will learn how you can download software to make whiteboard animation videos. Attachment added📌
Chapter 3
In this lesson, we will learn how you can Install software to make whiteboard animation videos.
Chapter 4

In this lesson, we will learn how you can download software for Audio editing. Attachment added📌

Chapter 5
In this lesson, we will learn how you can Install software for Audio editing.
Chapter 6
In this lesson, we will learn how to record audio directly into your mobile and I also talk about which Mic you can use under 1000 Rs for Audio recording. Attachment added📌
Chapter 7
In this lesson, we will learn How to remove noise from audio and How to cut useless parts from audio to make better audio for videos.
Chapter 8
In this lesson, we will learn How to find trending unlimited video Topics using different websites available on the Internet.
Chapter 9
In this lesson, we will learn how to download Royalty Free Images so that we can use them in Whiteboard Animation videos.
Chapter 10
In this lesson, we’ll look at how to log in, How to create a project, the flow of the project screen, how to add audio, how to save projects, and how to customize your default settings
Chapter 11

In this lesson, we learn how to add and customize text, and how to change text size, color, and Style.
Also, we will learn

  • How to add animation effects to your Text.
  • How to change Hand animation
  • How to change the background
Chapter 12

In this lesson, we will learn how to create a complete video using a Poem audio sound with text animation. Also, we will learn

  • Adding Audio – Background Change
  • How to duplicate text
  • Setting texts according to audio
  • Adding text animation effect
  • Change text Speed
  • How to pause animation
  • Creating different scenes
  • How to export video in MP4 from the project.

Attachment added📌

Chapter 13
This is the complete Poem animated video that we created in our previous lesson.
Chapter 14

In this lesson, we will learn how to Add Videos in animation and GIFs to make our video more attractive. Also, we will learn

  • Adding Video as background
  • Adding multiple videos
  • Adding TEXT on Video
  • How to add animated GIF
Chapter 15

In this lesson, we will learn how to Add images in animation to make our video more attractive.
Also, we will learn

  • How to flip images
  • How to animate images
  • How to add effect to images
  • Using images of software
Chapter 16
In this lesson, we will learn How to use Animation Slides in videos that are already available on software and how to make changes in slides. Also, we will learn – How to add multiple slides
Chapter 17
In this lesson, we will learn How to Create a Motivation story using Images and Text. Attachment added📌
Chapter 18
This is the complete Motivational story animated video that we created in our previous lesson.
Chapter 19
This is the project overview that you have to create for practice. Attachment added📌
Chapter 20
In this video I have shown a project in which you can check how you can also create long project using multiple scenes.
Chapter 21
In this lesson, we will learn how to make a youtube channel and what to change in the default settings.
Chapter 22
In this lesson, we will learn how to upload videos on the youtube channel that we have created.