The United States' current economical situation has led to an astounding number of Americans who have been laid off due to company budget cuts and necessary downsizing. The current crisis has been compared to the Great Depression in the 1930s. Although employment is slowly on the rise, there is still a remarkable number of people without jobs. Now more than ever, the working class has been turning to soup kitchens and shelters because, without a steady income, their homes have been repossessed or rent became unaffordable.
It is such an exciting experience to have the chance to work in a foreign country, even if it is only temporarily. Going to another country in order to provide your family at home with the financial help they need to make ends meet is rewarding on so many levels. You have the opportunity to experience another culture, while at the same time you are providing for your loved ones.
As you know by now almost a year ago the Patient Protection and Affordable Care Act (PPACA) was signed into law. Whether you are for the law, against the law, Democrat or a Republican is not relevant here. What is relevant is this law is NOT affordable. Not for the policyholder, not for the tax payer and not for the country. I have been an insurance broker for almost ten years and have been in the industry for 15 years and I have never seen rate increases like I have seen in the last twelve months.
One piece of health care reform that passed last March took aim at insurers' profit margins. In the individual Florida health insurance market (that's policies purchased by those without group coverage), premiums could look a lot better for consumers. In Florida, health insurance companies will be held accountable for the amount of premiums they spend on their members' health care.
If health care reform survives, residents could see a reduction in the cost of Texas health insurance premiums. That's because a major part of health care reform requires insurers spend more on their members or give them a refund. Texas insurance plans are now required to spend at least 80 percent of the revenue they bring in on medical care for members.
The individual health insurance market has changed drastically over the last year. Despite all the changes and the debate whether health care reform would be positive for our nation, you can find solace in knowing that health care has become simplified in recent months then before. You are now able to know when shopping for affordable health insurance the plan you choose is going to come with a few basic options;
Why Is Health Insurance Needed Health insurance is needed because accidents and illness can strike when we least expect it, and most people don't have a $100k just laying around to spend on medical bills. No, not every instance will cost you a $100k, but a serious illness, heart transplants, and other surgeries can. Hopefully this will never happen to you, but being prepared means protecting your finances.
Legislation of health care reform bill has been the field of focus in the news. This bill has opened the door for a superior insurance policy to millions of Americans, since the bill offers very affordable cost value of health care services. Sponsored state plans will be formulated by the year 2014, these state plans will be providing economical health care policy which will benefit Americans especially those who do not have enough money for this service.
Having a health insurance plan is a great way to protect people from the risks of medical bills of health care. It is most beneficial, especially to the ones who cannot afford to pay for costly medical services. But since it is too complicated to conduct transactions to different companies in person, the internet provides online insurances to get the best quotes, the best plans and conducting transactions for the final offer without submitting to the thorny negotiations of health insurances in real life.
When it comes to health insurance, it's difficult to precisely measure what the average cost is. For any individual according to Kaiser's statistics in 1998, the employer would pay 4, 700 dollars per year. If one had a family of four, the cost would be 17, 700 dollars a year. Can you imagine spending that much money on something year after year?