Monthly Archives: July 2016

Working With an Insurance Company for Freelancers

Becoming a freelancer can be a great decision for many workers out there. They may enjoy the freedom that goes along with becoming your own boss. But these self-employed individuals will need to find a way to secure their own insurance. Think about how you can find the right insurance package that can actually meet your needs or the needs of your family. This can be difficult, but it will be a lot easier if you can track down the right freelancers insurance company. Since self-employment is rapidly becoming a more popular option, this is encouraging these insurance companies to provide more insurance deals geared towards them.

First, you will need to think about what it means to buy these insurance deals out on the open market. Many people will wonder what they need to do to get coverage if they have any special conditions. It can be a little more challenging to secure this kind of offering, since some insurers typically prefer to provide packages through businesses. But you may want to think about the different ways that you can set up an insurance deal through a private market. You will be able to find the insurance package that meets your needs if you shop carefully enough.

There are quite a few different options for people who may be wondering what they need to do. This may be relatively simple if you just need to get an insurance deal for yourself. There are a number of private insurers on the market that will be ready to provide an insurance package to anyone like this. You may simply need to look online for some of the options that are available to you. Check out some of these quotes to determine what package features the price range that you want to get. You may be surprised to see that you can get better deals than you might have through your employer. This is one of the major benefits of shopping for your own health insurance package.If you need a family based plan, it can become a little trickier to find the right health insurance package for yourself. You will need to make sure that your private insurer is ready to cover everyone in your family. This way you can get the support that you need to find if any of you comes down with a medical issue. These packages will also tend to cost a bit more money. Be prepared to talk with several different health insurers before you settle on one option or another. Many people can negotiate price structures when they buy family plans. There will be a freelancers insurance company waiting for you, but it may take some time to find them.

You may be glad to hear that you will have quite a bit more freedom when you buy your own health insurance plan as a freelancer. It will be up to you to decide which company suits your needs best and which one provides you with the best access to doctors. You won’t be restricted by the companies that your employer has chosen to offer to its employees. You can also decide what features you want to incorporate in to your next plan. Try to find a plan that can replicate what you may have had through your previous employer, if it worked well for you. You will want to make sure that your doctor is provided under this next plan as well.

Most freelancers will need to be aware that they won’t get support paying for their health insurance plan like they may have had before. A number of employers will pay for the premiums associated with the different health insurance plans that they provide. This won’t be available to the self-employed, so they will need to find a way to pay for it all out of pocket. Think about how you can find the best way to get a better deal on your health insurance package. There are a number of ways that you can find to cut costs on the monthly premiums that you pay. Fortunately, you will have a fair degree of flexibility when you work with a freelancers insurance company.

Don’t forget that you will be free to negotiate the rates that you want with this insurance company. If you were under an employer before, you would have been locked in to the packages that they offered to you. Think about how you might be able to negotiate the best deal that you want to get from your insurance plan. Some people will be interested in getting higher deductibles if it can lower the overall premiums that they tend to pay. This may be a great choice for you, so talk to your insurance company to see if it is possible. When you are self-employed and buy private health insurance packages, you will have these kinds of options available to you.You might also need to keep an eye on some of the changes that will be coming with the Affordable Care Act. This is set to be enacted soon, so it may produce some considerable changes to the health insurance market. Since you will be buying private health insurance, you will want to stay updated on how this can affect you. It may allow you to buy new plans through the health insurance exchange system, which promises to provide cheaper overall plans to people. It may even allow you to find another freelancers insurance company that will be prepared to help you find the right plan for you or your family.

Ultimately, being self-employed provides you with the ultimate freedom to seek out the private plan that you may need. Some freelancers may be interested to learn that their health insurance costs are likely deductible on their tax returns. They can essentially apply these under business expenses, since they have to pay through their own pockets. Taking advantage of these kinds of details can be surprisingly important for the self-employed. They may need support like this if they are going to make it as an independent contractor.

Some Things Your Car Insurance Company Won’t Tell You

1. How to determine the value of “total loss.”

Most companies will tell you that they use at least three methods or schemes to determine the actual a totaled vehicle’s value including value books, computer-generated quotes from dealers, and local market research. In this case, you will probably think that local area is your current neighborhood, but it is not specifically defined by the insurer. If, in any case, the company cannot find an auto replacement in your neighborhood, so they have to find it not from your “local area,” your totaled car’s value is certainly affected. For example, if you currently live in New York, replacing your totaled vehicle in suburbs will be cheaper than in the city. Insurance company will, of course, use quotes from suburbs area as the most-reasonably-priced estimates. The main purpose in totaling a vehicle is to allow the consumer (the insured person) to purchase the same car that is totaled in an accident within the local market. Since they use three different schemes to figure out real value of a totaled car, a consumer may end up with a cheaper car than the totaled one. It is impossible to be sure what value you will get when your company does not tell you how they determine it.

Fortunately, you can do some smart methods to help yourself and your company to do the value determination. First, you have to produce valid proof that your car was in good conditions when the accident occurred; car in good condition has better value than a wreck. Bring a copy of maintenance records including oil changes and inspection by an authorized mechanic. The records will tell your company that your auto was regularly maintained, meaning it was actually in great shape (in terms of appearance and performance) when the accident occurred. Moreover, you probably had special features installed such as multimedia system, anti-theft system, anti-lock brakes, rear view camera, or 5-harness seat belt. The car insurance company may charge you more because of some special upgrades, so make sure that your insurer includes that in the evaluation.

Another good thing is to find at least three dealers and get quotes on replacement from them; make sure all dealers in your local area or at least within short driving distance from your home. Present the quotes to your insurer and ask your insurer to provide a list of some car dealers who probably can provide a car for the price listed in the quotes. If you are not satisfied with the company’s value determination or you get less than you expect, you can choose to do mediation. So, meaning you present the case to third party (neutral) to get help to settle the dispute, or arbitration, or you can even request a formal inquiry to the court.2. If you want to cancel your policy, do it officially

Most companies say that consumers can cancel their policies at any date, but you need to notify the insurer concerning the exact date you want to end the coverage. The statement is clear enough; in other words, it says consumers have to notify their companies when they want to cancel their policies. However, consumers often think that when they ignore the last bill before renewal, the company will automatically end the policy. Too bad, this is not how it is done. People can forget and deliberately miss a bill, and the company totally understands that. After this first missed bill, your insurer is going to send you one more bill for premium payment; if you don’t pay the bill, you will be cancelled for non-payment, and the record will hurt your credit score.

What you should do when you want to cancel auto insurance policy is to let the company know that you are canceling. Please make sure that you provide a specific date; it helps you avoid being totally uninsured for a certain period, time, term. The cancellation request will be sent to you, and all you have to do is to put your signature. It is recommended that you carefully check the document before signing it. Some companies may require you to provide valid proof that you indeed have another coverage before they can approve the cancellation. If you’ve financed your car, the dealer needs the updated policy information because valid proof of insurance is required in the purchase contracts.

Credit history still matters

The use of credit information to determine approval and premium rate is still common, despite the fact that some states already started to ban such practice. Some (if not most) companies use the credit history to generate risk score. They believe that it strongly linked or correlated to the likelihood of the consumer reporting a claim. More likelihood of filing a claim is exactly the same with high-risk driver that usually also pays more expensive premium fee compared to “safe-driver” or “the preferred class.” The preferred consumers are those with stable credit card history as it suggests financial stability, meaning they are not likely to miss a payment. People of this category are safer consumers to insure compared to people with shaky credit history. Auto insurance companies do not like consumer who pays sporadically or changes accounts quite frequently.

There are some credit card issuers who offer free credit score checking, but in most cases, you need to pay for the service. Unlike credit score, risk score for insurance-related matters will not be available for you, but both probably indicate the same thing which is financial stability. If you are currently in the market to purchase auto insurance, and it turns out that you have quite unusual activity on your credit history within only certain time frame, you can wait until one month to allow the credit activity to go back to its usual condition. If you cannot keep the credit score stable, prepare yourself to pay more expensive premium fee.

3. Budgeting by installments is not always efficient.

Installments can pay almost all items, and consumers think that it is indeed the best way to budget the expense. When it comes to auto insurance, you can ask the company to divide the annual premium into a monthly basis, quarterly, or on six month. Please put in mind that dividing the annual premium will cost you “fractional premium.” You can consider this additional service fee to arrange the installment. It can be as cheap as $10 per payment; the more you break it down, the most fractional premium to pay.

Most companies will probably offer you to pay in installments since it makes more money for them. When you apply for insurance, it is wise to ask whether there is any additional charge for installments option, and then you can compare the difference. If the fractional premium is not very expensive, then perhaps it is worth it. Another big difference between upfront payment and installments is that certain companies will immediately cancel your coverage if you miss one payment; even worse, they can do it without notification. It is best to pay up front if you can; the entire process will be easier, and you can indeed save few dollars.

Every vehicle model and type has certain premium rate

Of course, you all know that sport cars need more expensive insurance policies than a van, but insurance companies will not tell you the exact numbers. In general, it is true that attractive, sporty, luxurious car with turbocharged engine will go very quickly on the road, and it increases the risk of accidents, but this is not always true considering the discounts for safety features, security features, mileage (especially when you drive it less), etc. Auto insurance companies have a specific system to know the premium for all car models you can buy, based on the system rating by ISO (Insurance Service Office). Every type of car is rated from 3 to 27; higher number means a higher premium. Insurance Service Office says that it will not release the rating system for publication because its clients are insurance companies.You will not get the rating system from your insurer; you may not even find it anywhere at all. The best thing you can do when you want to purchase a new auto is to ask the insurance how much insurance premium you need to pay for a new car that you want to purchase. If you keep a good relationship with an independent agent, he/she should be able at least to predict the price based on raw calculation.

4. Filing claim increases your premium.

People are always interested to see insurance companies reduce premium fee to attract potential customers. It is indeed one of the best things customers get from the competition in the market, but your insurer can increase the price right away after you file your first claim. The industry standard is to increase premium fee up to 40% of the base rate after first-at-fault accident. With the help of an online car insurance calculator you get a base rate of $500, your premium increases by $200. Some companies have different rules, but there is always a big chance your premium will go up after the first-at-fault claim. Some insurers offer “first-accident forgiveness,” meaning your first actual claim will not affect the premium at all, but the variable and requirement for eligibility can be different from company to company. You should ask your insurer if such discount is available and how to qualify for it.

Benefits of Digital Health

Digital health is a symbiotic relationship between information technology, computers and healthcare to optimize efficiency, quality of services and healthcare outcomes for the patient and the provider.

On 15th August 2015 the new Prime Minister of India made a call to move towards a digital India by revolutionizing healthcare delivery through the use of telemedicine. Models of telemedicine and m health have a proven efficacy and are both scalable and replicable in both an urban and rural setting. This has greatly increased healthcare accessibility to India’s rural population providing them with many cost effective healthcare solutions. The success of this has been as a result of acceptability of information technology at hospitals across cities all over India.

Electronic medical records or EMR’s are a safe way of storing medical information for long periods of time. They can be accessed anywhere at any time by either the patient or healthcare provider. They reduce dependence on storage space, save time and paperwork for the provider.

The patient get to access their own records, actively participate in their healthcare management, seek reliable information on the internet, make informed choices and reduce their cost of healthcare expenditure.

Digital health tools help patients to book appointments with doctors, arrange for home collections for pathology samples, home delivery of regular prescription drugs thus making healthcare more convenient and efficient.

Patients can view their diagnostic test results on the digital platform, share the information with the provider and mutually make a plan of care best suited to individual needs.

Remote patient monitoring helps patients and providers to assess chronic health conditions that require regular follow up without the need for frequent hospital visits or indoor treatment.

For people living in rural areas telemedicine provides access to doctors working in urban tertiary healthcare facilities and provides healthcare service delivery of the highest standards.

In India what’s app is the most frequently used mobile app to share information between patients and doctors and also between doctors to discuss patient conditions or diagnostic reports to provide the best healthcare outcome for the patient.

Drug information systems help to alert a pharmacist to potentially harmful drug interactions, reduce prescription errors and help patients to take their medications regularly.

There can be no substitute for a face to face consultation and examination by a doctor yet with increasing pressures of work life balance, time constraints and distances involved digital health is an innovative way of providing cost effective healthcare delivery.