What if I leave my job?

The Consolidated Omnibus Budget Reconciliation Act (COBRA), a law created in 1986, gives workers (and members of their family) who lose their health insurance benefits the right continue their group health insurance for a limited period of time under circumstances such as voluntary or involuntary job loss, reduction in hours, transition between jobs, divorce, adoption and death. Generally,...

What Happens When I Retire?

Health insurance considerations weigh heavily on the minds of people wanting to retire before Medicare coverage kicks in at age 65. Many people place off retirement simply because the cost of an individual health insurance policy is too great on a limited income. What options for health insurance do you have whether you choose to retire before age 65? Even though they are not required to,...

The Importance of Keeping Good Files

As in everything that involves money, it is important to keep good records of your medical expenses for many reasons. Keeping track of deductibles, particularly for a family, can be time consuming, but is an important task. Every policy has different deductibles for work work, hospital emergency room visits, hospital stays, doctor visits and x-rays, and it is often difficult to...

The Basics

Health insurance, in this contemporary world of cancer, heart disease, AIDS, diabetes, asthma, ageing and other diseases and afflictions, it is fundamental to have some sort of health insurance. There are many levels of health insurance coverage available; unfortunately, like most things in life, you get what you pay for, and good coverage can be very expensive. The two most common terms in...

Prescription Insurance Policies

Some health insurance policies do not supply for prescription coverage and a separate policy must be purchased for prescription medications. This is an area where it pays to do some homework and research and find the ideal policy for you. Prescription coverage insurance is not a necessity; like health insurance coverage, it is a calculated risk, even though the risk is not as high. Usually you...