FiresThough you think it can never happen to you, fires can occur for a variety of reasons, and it’s important you get the coverage to protect your home from harm. Fires can happen from a lightning event, an electrical failure, or even a burner being left on and forgotten about. Damage from fires can include heat damage and smoke damage. Homeowners insurance will help you rebuild after your home is damaged by a costly fire event.
A theftA burglary can happen to anyone at any time; in order to cover the cost of stolen goods, contacting a reliable insurance company is a necessity. Homeowners insurance can also cover the cost of items stolen from off-site locations
WindstormsWindstorms and hailstorms are notorious for causing home damage. While hail can damage siding, windows, and outside assets, a bad windstorm can take down gutters and even remove your roof. To cover against this type of damage, homeowners insurance is a necessity, especially if you live in a colder area that’s susceptible to hailstorms. A good insurance company should offer you a fair quote when you call them to discuss homeowners insurance policies.
HurricanesEven though homeowners insurance won’t protect you from flooding damage, the high winds and rains associated with hurricanes will make you wish you had home insurance when late summer months hit. Even central states in the U.S. can be affected by the far-reaching effects of hurricanes. To get the right protection from your home, talk about what coverage is offered at a reliable insurance agency. Protecting your home is hard enough without the worry of accidents. When you purchase a home, consider calling Nicholson Insurance for all of your home insurance needs.
The population in the United States is growing older. That means that every year, more people become eligible for the health insurance plan known as Medicare. While most people have heard of Medicare, not everyone understands how it works and how it is different from a traditional insurance company. Here is some information about Medicare that was compiled by the Motley Fool.
Most people become eligible for Medicare when they hit the age of 65. If a person suffers from certain disabilities or diseases (Lou Gehrig’s disease, end-stage renal failure) are eligible to get long term disability insurance through Medicare. To qualify, you need to be a citizen of the
But before you begin shopping for the right life insurance policy, it’s important to understand exactly how life insurance companies calculate your premium. In the same way that your credit score
Understanding Life Insurance and Statistics
Did you know that, in our current times, 3 ou
Of course, you age is a significant factor of how much a company might charge for life insurance. Younger people are generally healthier and have a lower risk of death, so they often receive lower premiums. This might be all the more reason to buy life insurance when you are young.
In the United States, females have a longer life expectancy than males on average. This means that females are expected to pay for their life insurance for more years than their male peers. So, women are more likely to pay lower premiums.
When you purchase life insurance, some companies will require a medical exam to give to their underwriters. The better your health, the lower your premiums could be. the United States has the highest rate of chronic conditions, with about 87% of older Americans living with at least one. These illnesses certainly have an impact on health insurance cost. Your family history will also be taken into account, as your genes can put you at risk.
High risk occupations in particular can put you in the running for higher insurance premiums. This means that truck drivers might have a higher premium than computer programmers. Underwriters might also take any high-risk hobbies into consideration.
Since car accidents cause a significant number of deaths, your insurance company will likely consider your driving history in your premium calculations. The fewer accidents you have on your record, the lower your premiums may be.
It’s important to remember that life insurance companies include many factors into their premium calculations. The above factors and more will be part of your premium calculation. If you have any questions about your premiums and why you are paying a certain amount, be sure to talk to your insurance company. Your representative can help you understand the details of your plan.
Diabetes can have a drastic effect on your life and your health insurance. In this series, we will take a closer look at this disease and the effect it can have on you, whether you are a person living on Medicare or you are attempting to acquire life insurance.
In the first part of this series, we will examine specifically the disease itself.
What Is Diabetes? Diabetes is a disease that prevents your body from properly handling glucose, or blood sugar. While glucose is an important energy source, especially for the brain, it can cause problems when left unchecked.
There are two main types of diabetes. Type one happens for an unknown reason, although it is largely thought to be based on genetic susceptibility. The second type of diabetes, aptly named type two, is the result of poor health factors, diet, as well as genetics.
In both cases, the body is no longer able to produce enough insulin to properly regulate glucose levels. Insulin, a natural hormone, is either no longer being produced in adequate amounts (type one), or the body has developed an immunity to insulin, which means you need an amount far above what your body can produce in order to regulate glucose (type two).
What Is Prediabetes? Prediabetes, which tends to produce only type two diabetes, occurs when your body begins to acquire a tolerance to insulin. Your body then ramps up production of insulin to combat your increasing tolerance.
The key distinction here is that your body can recover from prediabetes. With the proper healthy lifestyle and preventative health services, you can keep prediabetes from escalating to the point of no return. Currently, there is no cure for diabetes, which means you will require lifelong treatment to keep the condition under control.
How Can You Prevent Diabetes? Small steps can make a huge difference if you have been diagnosed with prediabetes. Incorporating small, healthy habits into your lifestyle can help stall or even reverse the development of your body’s insulin immunity. Going for a few walks per week and replacing sugary treats with fiber rich fruits and vegetables can have a tremendous impact.
Diabetes is a widespread problem, affecting the lives of millions of Americans. It has severe consequences for your health, your lifestyle, and your medical and life insurance coverage and payments. In the next installment of this three part series, we will examine the intersection of diabetes and Medicare.
- U.S. Centers for Disease Control and Prevention, “More than 100 million Americans have diabetes or prediabetes,” July 2017
- The Mayo Clinic, July 2014
How to enroll for Medicare
Medicare was first introduced in 1966 to provide health insurance for seniors. People over the age of 65 can enroll during the Medicare Fall Open Enrollment between October 15 to December 7. Their insurance coverage will begin from January 1. Sometimes people are signed up automatically when the
Preventative Health Care is one of the most important services for people over 65, and one of the best tools offered by Medicare. This is, at least in part, to help offset the extreme frequency with which Americans suffer from chronic conditions: According to the Commonwealth Fund, 87% of older Americans live with a chronic health condition, with 68% reporting at least two or more.
Preventative Health Services and Screening help to catch these ailments in their infancy in order to reduce their effect and eventual cost, both to the person suffering from the disease and on the Medicare system at large, and ease the burden of managing health care expenses.
In the first post in this four-part series, we discussed how Medicare Plan B health insurance covers all the costs associated with most of the more common preventative screenings and services, from diabetes to depression. In this second installment, we will be talking specifically about the types of preventative services that are recommended for men over 65.
Most men should be well verse with colonoscopy exams and other colorectal screening exams by the time they enroll in Medicare, as the starting age should be at the latest 50, these tests become increasingly important as you age. That is because a 70-year-old is almost three times as likely to be diagnosed with colorectal cancer than a 50-year-old. While these exams have been the subject of sitcom jokes for decades, they remain the best way to identify precancerous polyps or early stages of cancer.
Like colorectal exams, the prostate exams should begin well before you have reach Medicare aid, but here, the increased risk as you age is even greater. Between age 50 and 70, the chance of getting prostate cancer in the next ten years more than triples! There are a number of different ways to check for prostate cancer, including prostate specific antigen blood tests and digital rectal exams. Depending on the result of the first two tests, there may need to be a follow up screening.
While these two screening services are specifically more applicable for men, they should also engage in the more general types of screening. In our next installment we will discuss the tests specifically relevant for women.
No matter who you are, cancer is a difficult experience. Whether you are struggling with it yourself, or a loved one has recently been diagnosed, it is easy to become overwhelmed by the deluge of information and advice that will come at you from all sides.
If you or your loved one is also reliant on Medicare, the process can be even more complicated. In the first two posts in this series, we talked about using Medicare to help finance you or your loved one’s fight against cancer (post one talked about original Medicare, post two focused on parts C and D).
In this final installment, we will discuss how both cancer care insurance and Medicare supplement insurance plans might help you.
Supplimental Insurance Plans (or Medigap)
Medigap can be a life saver for anyone living on a budget when diagnosed with cancer. While the premiums can be high, ranging from $100-$200, they offer you a lot more flexibility and tools to fight off your cancer.
Typically, they allow a much broader selection of medical facilities, instead of the small net that a Medicare Advance plan will offer. They also allow you to remain on your original Medicare A and B plan which can offer perks like better-regulated coverage.
Plan F is the most all-encompassing program currently offered. Even if the cost of the medicine is not covered by Part A or Part B, Plan F will cover them so long as they are Medicare approved.
It is important to note that Medigap policies will only cover one person. If you and your spouse want the same benefits, then you must enroll twice according to the Centers for Medicare and Medicaid Services.
Cancer Care Insurance
While cancer car insurance is a newer form of insurance, it is specifically targeted to help reduce the astronomical costs associated with cancer treatment. These programs are slowly growing more and more popular as new statistics emerge that show as many as one-in-four men and one-in-five women die from cancer in the United States.
Unlike Medicare options, cancer care insurance also provides assistance with non-medical financial needs while you are undergoing treatment. These can range from child care to dietary support, and even assist you with housing and travel if you live far enough from your treatment center.
The main drawback to this type of insurance is that you would typically need to be enrolled before your diagnosis.
Cancer is by far the worst plague for the modern American. If you or a loved one suffer from this disease, it is important that you know your options. As we come to the close of this three-part series, hopefully, you are a little better equipped to handle your ailment.