Amazines Free Article Archive
www.amazines.com - Friday, February 23, 2024
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133573)
 Advice (161669)
 Affiliate Programs (34799)
 Art and Culture (73853)
 Automotive (145712)
 Blogs (75614)
 Boating (9851)
 Books (17223)
 Buddhism (4130)
 Business (1330576)
 Business News (426446)
 Business Opportunities (366518)
 Camping (10973)
 Career (72795)
 Christianity (15848)
 Collecting (11638)
 Communication (115089)
 Computers (241951)
 Construction (38961)
 Consumer (49953)
 Cooking (17080)
 Copywriting (6733)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20318)
 Dating (45908)
 EBooks (19703)
 E-Commerce (48258)
 Education (185517)
 Electronics (83523)
 Email (6438)
 Entertainment (159852)
 Environment (28967)
 Ezine (3040)
 Ezine Publishing (5453)
 Ezine Sites (1551)
 Family & Parenting (111007)
 Fashion & Cosmetics (196605)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310615)
 Fitness (106469)
 Food & Beverages (63045)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630129)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91617)
 Home Improvement (251209)
 Home Repair (46243)
 Humor (4723)
 Import - Export (5459)
 Insurance (45104)
 Interior Design (29616)
 International Property (3488)
 Internet (191027)
 Internet Marketing (146687)
 Investment (22861)
 Islam (1161)
 Judaism (1352)
 Law (80504)
 Link Popularity (4596)
 Manufacturing (20913)
 Marketing (99315)
 MLM (14140)
 Motivation (18233)
 Music (26999)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129734)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12689)
 Public Speaking (5641)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126660)
 Recreation & Leisure (95493)
 Relationships (87674)
 Research (16182)
 Sales (80348)
 Science & Technology (110290)
 Search Engines (23514)
 Self Improvement (153299)
 Seniors (6220)
 Sexuality (36010)
 Small Business (49311)
 Software (83031)
 Spiritual (23514)
 Sports (116155)
 Tax (7663)
 Telecommuting (34070)
 Travel & Tourism (308301)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11790)
 Website Design (56918)
 Website Promotion (36663)
 World News (1000+)
 Writing (35844)
Author Spotlight
CARMEL BRULEZ

Famous relationship expert, agony aunt and life coach of many years. Lots of famous clients, well e...more
NOEL IRELAND

You will feel a different sort of happiness as you associate yourself with any animal, you will be a...more
CURTIS ENGLAND

I'm a full-time Writer, dreamer and chief executive manager. I write to release my true stories in t...more
RAJESH THAPALIYA

I am in Nepalest tourism industery working since 2000 as a trekking porter to the senior tour leader...more
RAM SEWAK

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more


Why Company provided Group health insurance is not sufficient? by Ramalingam K





Article Author Biography
Why Company provided Group health insurance is not sufficient? by
Article Posted: 09/06/2017
Article Views: 440
Articles Written: 101
Word Count: 719
Article Votes: 0
AddThis Social Bookmark Button

Why Company provided Group health insurance is not sufficient?


 
Finance & Investment
When we come to this life – parent provide a cover from unseen dangers. A tree –provides a cover from wind and water. Whereas water protects us, further from fire. Therefore, by the law of nature somewhere, someone is always protecting other.

Many employers today, offer a group medical insurance cover to their employees, which include the employees' family members as well. And so, those who don’t dig down deeper for the details starts thinking that they and their family members are prepared for bad health days .

But what do you think is it real case scenario? Or truth is somewhat bitter than this sugar coated candy? Let’s check………..

1) Employer’s plan: You must remember one thing that this perk is provided by company to all its employees’ across the board and not fabricated by every employee’s choice. So it may or may not suffice to your need (according to one survey these are covers are as low as 60% annual income of the employer).

It may so happen that your employer may find it burdensome to company’s budget and he may withdraw this facility, make you pay the premium or reduce the premium (without your concern) to lower down the premium costs.

It may so happen that you have group health insurance with your former employer and after switching over to new company, you do not get any such insurance cover! So are you prepared for such hazardous situation?

2) Terms and conditions: It has been observed that many companies are excluding employer’s parents from group health insurance. If it is your case then you need to purchase separate health insurance for your parents. If it is not your case then it may occur to you eventually. Sometime according to company policy, you need to do a co-payment while making a claim. Here a co-payment refers to the condition where a part of the treatment cost has to borne by the insured person. Moreover, higher room rental for the hospitalization in now a days can make quite a big hole in your pocket. So what do you think? Are you prepared for it?

3) Life after retirement: Let us assume that you are 35 year old and you have insured every family member through employer provided group health insurance. Everything now seems picture click perfect, right?

But…...wait…

As you, all know that we always insure or prepare ourselves for bad days or old days after retirement. Nevertheless, do you know that once you retire, your employer provided group health insurance also retires-I mean expires automatically.

So if you have to purchase new health insurance after your retirement then what will be the cost? To be more precise can you afford it that time? Because every insurance company has waiting period of 24 to 48 month on pre-existing diseases,plus the premium rates would increase as it has a direct co-relation with the age of the policyholder and medical conditions undergone in the past.

Considering all this and more, it definitely makes sense to have your own insurance cover purchased directly from the insurance company when you are young in addition to the employer provided health insurance policy. The benefits of having your own policy cannot be over-emphasised. The cost of medical treatment is increasing exponentially. Lifestyle and age related conditions could burn a hole in your pockets. A recent article suggested that almost 40 per cent of heart patients are between 35 to 45 years of age. One must choose a policy keeping in mind their own, their family’s health conditions, and future requirements. Make sure that your health insurance cover is having a feature of lifetime renewal and no co-pay!

Some research may be necessary before buying comprehensive health insurance cover for the entire family. A good health insurance cover ensures peace of mind and takes care of your and your family's unforeseen medical needs. Remember, a good health insurance plan is the best gift you can give to yourself and your family.

Therefore, don’t you think it is better to be safe than sorry!

The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Director and Chief Financial Planner of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in

Related Articles - health insurance, group health insurance,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


SHALINI MITTAL

A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
JAMES KENNY

James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2024, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license