What Is Guaranteed Issue Life Insurance Coverage

A Policy With No Medical Examination | Coverage That Cannot Denies You - Guaranteed Issue Life Insurance

Does getting your life insurance make you worried? Some people fear medical exams because you can’t tell yourself how healthy you are. The medical exams are part of the life insurance application process, which makes people stressed out. 

If you’ve been thinking of this, we always tell our clients to ask their agent for more insurance options. If going through medical exams exhausts you, may guaranteed issue life insurance is the right coverage for you. Guaranteed issue is a great option for people who do not want to undergo a traditional insurance process.

What Is A Guaranteed Issue?

Also known as “guaranteed acceptance life insurance” is a type of life insurance policy that does not require answering medical questionnaires or medical exams. It is a policy that is guaranteed to be issued to every applicant, this simply means regardless of your health and well-being, you cannot be denied or turned down by an insurance provider.

In spite of that, this type of policy generally offers low death benefits options with higher than normal premiums. In addition, guaranteed issues have a waiting period, meaning if the policyholder dies during the waiting period his beneficiaries will not receive the death benefit.

How It Works

You can get these policies to your insurance company as long as you’re within the allowed age range when you apply. The typical age range qualifies for this policy is 50 to 80 years old. But you can still get guaranteed issues even if you are outside this range with some insurance company, however, you will have limited options.

Aside from the age requirements that will determine your eligibility, guaranteed issues do not require the same level of the application process as a result the cost of guaranteed life insurance coverage is typically higher than a policy with a medical underwriting process. And that is the settlement for eliminating the medical exams and questionnaires.

Understanding Graded Benefits

Furthermore, one of the main drawbacks of this policy is that your beneficiaries would not receive the full benefits until the policy has been enforced for a specific length of time. Depending on the insurance company the waiting period may normally be between one or two years, in some companies reaching up to three years.

If the policyholder dies during the waiting period, the insurance company will more likely issue a refund to all the premiums you pay to your beneficiaries in place of death benefits.

No matter what your reason for considering guaranteed issue life insurance is, it is always a good idea to ask for a quote from at least three different companies before choosing a provider, to ensure you’re making the right decisions.

Despite all the processes of application in getting your life insurance, the decision of acquiring one is something you never postponed or canceled. Life insurance is an important investment for your well-being. It is good to know that whenever this happens to you, you have backup insurance you can count on.

Thank You For Visiting Our Website.

Original post here: What Is Guaranteed Issue Life Insurance Coverage

Guaranteed Issue Life Insurance | A Policy With No Medical Examination | Is This The Right For You

Watch on YouTube here: Guaranteed Issue Life Insurance | A Policy With No Medical Examination | Is This The Right For You
Originally published by Boise Health & Life Insurance Agency

3 Main Categories Of Transcriptionists | And Their Differences And Definitions | Idaho Civil Process

Watch on YouTube here: 3 Main Categories Of Transcriptionists | And Their Differences And Definitions | Idaho Civil Process
Originally published by Boise Health & Life Insurance Agency

What Is The Right Age To Buy Life Insurance

Finding Affordable Life Insurance According To Your Age And Health Conditions

Getting excited as you age because you’ll be able to work and afford anything you like. But you ever wonder, when is the best time to buy your own life insurance.

It is important to know what is the important factors when buying life insurance and that is age and your health. These two will be the qualifier for your eligibility and pricing. 

If you don’t know the younger and healthier you are, meaning the more affordable the plans will be. Normally, the age of 20s and 30s are considered the best rates to get your life insurance.

Why?

Because insurance carrier is taking less risk to insurance a young person who is in a good condition.

Life Insurance At The Age Of 20s

Probably the best time to acquire life insurance. You will have all the affordable and best rates for life insurance. Because you are younger and less prone to sickness and diseases. Meaning even you have your own dependents, you more likely to have lower monthly premiums because of your age. So, the younger you are, the longer your life expectancy and the lower the average life insurance may cost.

Life Insurance At The Age Of 30s

At the age of 30s life insurance becomes more important. Analytically, these are the times where you most likely to get married, own a house, or have a few kids and plenty of bills to pay. Facing many financial responsibilities and still have good health, another best time to acquire life insurance and still get good life insurance rates. At this time, your employer’s life insurance is not enough since this coverage only offers a payout one to two times your annual salary. Aged 30s are a good time to reevaluate your needs, as you have your own financial dependents.

Life Insurance At The Age Of 40s

The 40s are the times to adjust your life insurance needs before the rates get high. Make sure to buy your insurance plans at the right carriers that will provide affordable plans that are aligned with your specific needs.

The bottom line is, your life insurance rates will depend on your health and age. It is easy to acquire insurance when you are young and healthy, you have all the best and affordable coverage. Just make sure to ask your carriers to check your eligibility and plans that fit your situation. Life insurance is a good investment, especially when you’re young and independent. It is also served as an invisible shield as you aged and when you have your own family and bills to pay. Don’t get too overwhelmed on life insurance plans, you can get help through your carrier or broker about the plans that are perfect for you and your family.

Thank You For Reading!

Original post here: What Is The Right Age To Buy Life Insurance

What Age To Get Life Insurance

Watch on YouTube here: What Age To Get Life Insurance
Originally published by Boise Health & Life Insurance Agency

Factors That Will Affect Your Monthly Premiums When Buying Life Insurance

Find Out What Are The Factors That Can Affects Your Life Insurance Shopping

Considering life insurance, you must also consider the factors that can affect your monthly premiums. There’s a lot of elements that have a great impact when it comes to buying insurance.

As some of you don’t have any ideas on these elements or some of you are still researching, we list down some important factors that have a great impact on your life insurance.

This will help you ensure that before buying insurance in the market, you already have the knowledge of how the provider will compute your quotes.

Factors Affecting Your Life Insurance Coverage

• Age. This factor plays the biggest role when buying life insurance. As young policyholders pay lower premiums, while adult policyholders will more likely have higher monthly premiums. Normally, your provider will increase your premiums as you age, making you more prone to diseases and higher risks.
• Gender. In a study, women can live 81.7 years while men can live an average of 76.1. These differences make men tend to pay higher premiums than women. According to a study, men tend to die earlier than women because of behaviors, lifestyle, and lack of preventive care. Men’s work is more risky than women’s. And most men have their tobacco habit and take bigger risks than women making them more prone to accidents and risks.
• Smoking. Tobacco is connected to fatal diseases like cancer, which makes the smoker a high risk for insurance carriers. This factor will add more to their monthly premiums, but if you quit smoking after purchasing life insurance, you can talk to your provider and tell them that you quit smoking and if this factor can help you lower your premiums.
• Health. Insurance carriers often request medical records and health examinations to determine your eligibility for policy. Requesting your medical record is normal as their requirement for them to identify and calculate your risk factors.
• Lifestyle. Your hobbies can also affect your premiums. Your passion for high-risk hobbies like hang-gliding make your insurer consider this as a higher risk, which links to higher premiums. In addition, your occupation may also affect the category of high risk, jobs that expose you to risk and accidents also translate to higher premiums.
• Family Medical History. As mentioned, medical records are often required before buying life insurance. Medical conditions and hereditary diseases can affect your policy.
• Driving History. Your driving records can add to the cost of your policy, especially if you’re receiving multiple speeding tickets over the span of six months.
• Term Length. The coverage also adds up the cost of the premiums you’re paying monthly. The typically larger benefit amount over longer terms is generally more expensive than buying small term policies.

Although there are a lot of factors that can affect your life insurance coverage, the best way to get this is to buy coverage when you’re still young and healthy. Also, try asking to request quotes from different carriers, comparing quotes from the different providers will give you ideas on where is the right plan for you and your family. Because the cost of coverage may differ for every provider. Check out our website to find out more about insurance plans.

Thank Your For Stopping By To Our Website!

Original post here: Factors That Will Affect Your Monthly Premiums When Buying Life Insurance

Determining The Premiums By Considering The Factors Affecting Your Life Insurance |

Watch on YouTube here: Determining The Premiums By Considering The Factors Affecting Your Life Insurance |
Originally published by Boise Health & Life Insurance Agency

Understanding How Medicare Claim Works

Learning About Medicare Claim And How Long It Takes To Process Before The Claim Approves

What Is Medicare Claim

A Medicare claim is a type of payout that your insurance provider or where your insurer will pay for your medical care. Claims happen when after you see a doctor or you are treated in a hospital.

When you enrolled in a Medicare Advantage or Part D, your provider will process the claims on Medicare’s behalf.

Who File Medicare Claims

Medicare Part A and B are submitted directly to Medicare by your insurer. It takes approximately 30 days to process each claim. Medicare Part A claims directly to the facility or agency that provides you the care.

You’re the one responsible for the deductibles, copayments, and non-covered services. While Medicare Part B claims are submitted either to your provider or by yourself. But the claims will be determined by the assignments:

• If the providers agree to accept the assignment, meaning he accepts the Medicare’s approved amount as full reimbursement. Medicare will the Part B claims directly to him or her for 80% approved amount. And the remaining 20% will be shoulder by you, this will be your co-insurance.
• If the provider does not accept the assignment, he/she is required to send in your claims to Medicare, which then pays the Part B claim directly to you. And you will shoulder the pay 

Beneficiaries can submit their own claims for certain services when the insurer won’t file a claim. However, you cannot file a claim with the Original Medicare for diabetic test strips, Part B drugs, or medical equipment paid under DMEPOS Competitive Bidding Program. Your pharmacy or medical supplier must bill Medicare for these items.

Where Do I File Claim

Original Medicare has participating and non-participating providers. Participating providers accept Medicare reimbursement plus your coinsurance as full payment. And they agreed to always bill Medicare once you need to receive care. On the other hand, non-participating providers can charge you up to 115% of Medicare’s rate and don’t need to file claims with Medicare. This means that you have to submit your own healthcare claim if you choose to see a non-participating provider.

How Long Does The Claim Need To File

Original Medicare claims must submit within 12 months of when you received care. Medicare Advantage plan has different time limits, the time limits for advantage plan is shorter than Original Medicare. The best way to find out the time limits for your Medicare Advantage is to ask your insurance provider.

If you have any questions about your Medicare status, claims, and eligibility you can reach Chris Antrim as he knows when it comes to Insurance and Medicare. When it comes to insurance and Medicare it is always better to ask your agent if you don’t understand anything. Remember that you are the one using the benefits not them.

Thank You For Your Time Reading!

Original post here: Understanding How Medicare Claim Works

How Medicare Claim Works | Understanding What Is Medicare Claims And How Long It Takes To Process

Watch on YouTube here: How Medicare Claim Works | Understanding What Is Medicare Claims And How Long It Takes To Process
Originally published by Boise Health & Life Insurance Agency

Short-Term Health Insurance With Pre-Existing Medical Conditions

How Short-Term Health Insurance Coverage Works For Individuals With Certain Medical Condition

Have you ever wondered what it is like to buy short-term health insurance for an individual with a pre-existing condition? It is unlikely to find insurance coverage especially for people with existing conditions, but as the law changes pre-existing conditions can be covered by insurance but will be limited.

Today, we’ll talk about short-term health insurance for pre-existing conditions. How did it work for them? As we mentioned earlier insurance laws change, people with existing illnesses can buy short-term health insurance but not all enrollees can be accepted. 

Since short-term health insurance is not part of the Affordable Care Act (ACA), meaning they don’t need to comply with their certain standard, and pre-existing conditions are not covered within a short or temporary plan. However, not all pre-existing conditions disqualify you for coverage, there are some certain illnesses that will qualify you for short-term even if you have existing conditions.

Understanding Pre-Existing Conditions

A pre-existing condition is a medical problem or health condition of a person that occurs prior to applying for health or life insurance plans. Chronic illnesses and medical conditions, such as any form of cancer, diabetes, lupus, epilepsy, and depression are examples of a pre-existing condition. Pregnancy before applying for health insurance is considered a pre-existing condition.

Here is some medical condition that can affect your application for short-term health insurance:

• Arthritis
• Asthma
• Cancer
• Chronic obstructive pulmonary disease
• Congestive heart failure
• Diabetes
• High cholesterol
• High blood pressure
• Joint replacement
• Maternity
• Pain constantly
• Profound fatigue

While the lists might seem to limit, noticing that acne and sleep apnea are a few conditions that many insurance companies accept for short-term health insurance. So it is important to remember that applying for temporary health insurance can be denied or if accepted you pay an extra charge or your insurance carrier might not cover your medical treatment that correlates to your existing condition.

 

In addition, the length of time that temporary policies “lookback” for pre-existing conditions may differ by state, in most states, there’s a five-year lookback period for short-term claims. Meaning the third-party provider which will pay for your medical claims, can review your medical record from the previous five years to determine if a current condition is related or connected to your existing illness.  However, in some states, they have a shorter lookback window, if you are a resident of:

 

• Idaho – 6 months
• Illinois – 2 years
• Indiana – 1 year
• Louisiana – 6 months
• Mississippi – 1 year
• North Carolina – 1 year
• North Dakota – 2 years
• Texas – 1 year
• Wyoming – 6 months.

The main benefit of having this coverage is repricing: if you’re uninsured, you’ll have to pay the full rate of your medical treatment while if you have short-term coverage even if the treatment is not covered, your out-of-the-pocket payment is re-priced into a lower amount to give you some financial protection. You should ask first your insurance agent before buying this type of coverage

 

The bottom line is short-term health insurance plans are not for everyone, especially for those with existing illnesses. If you are diagnosed with one of the lists above it can be risky to buy this coverage. But if the coverage you need is for a certain amount of time, it is better to have some coverage than face and pay the full amount for an unexpected medical bill.

Thank Your Visiting!

Original post here: Short-Term Health Insurance With Pre-Existing Medical Conditions

Short Term Health Insurance in Idaho For Pre Existing Condition | How To Buy Short-Term Coverage

Watch on YouTube here: Short Term Health Insurance in Idaho For Pre Existing Condition | How To Buy Short-Term Coverage
Originally published by Boise Health & Life Insurance Agency

Best Medicare Advantage Insurance Idaho

Top 3 Medicare Advantage Insurance Plans In Idaho

Hi there, this is Chris with Boise Health & Life Insurance Agency.

Hey today, just real quick.

We're going to talk to you about the best-rated top Medicare advantage plans here in Idaho and I'm gonna show you my website so that you know where to go to get some good information.

So I'm going to have a whole new blog post about the companies with links to the companies too.

So you can go and research them all on your own here's my website  https://ift.tt/3frO2O6 and this is our homepage.

Just a little bit about me. I've been in the industry for about 20 years and

my office does, we just want to take care of our clients and make sure we do the best for them always.

And uh, that's always our number one. Our number one goal is to take care of our clients.

So just click up here on Medicare plans and you know, to be honest in Idaho, we've got big national companies and carriers and then we've got smaller local regional companies.

And to be honest, they're all good. There are just differences between them.

For this year, I did a lot of United Healthcare AARP, Aetna, Humana, and Blue Cross. Blue Cross of Idaho they've been around forever.

They've got a really good name here in Idaho and people trust them. But for me this year probably, and this is just my opinion. As I said, I think they're all good.

I sell them all. United Healthcare probably came in at the top for me this year. And there's a number of reasons for that.

The good thing about the big national companies is, they do a really good job with innovation and changing the plans, making them better.

What Does A Medicare Insurance Broker Do?

We just try to like make it easy for you to tell us, you know, your doctors, the prescription drugs that you take, and then our job is really to go out and try to find the best plan at the best rate that we can to make sure that we're taking care of your health insurance needs.

So You come in here and read this page here and you can always contact me there to get a quote.

I've got if you're turning 65 you've got some different things that you need to be aware of.

Okay, and we'll walk you through that and here's just some good information when you sign up for Medicare and you know and all that a little bit about part D. So that's your prescription drugs and what what what that covers.

You got a couple of options when you're looking at Medicare you've got a Medicare supplement um you've got Medicare advantage Okay we call that part c. And then you've just got original Medicare but then you're going to be looking at copays you know and that only picks up 80% of the cost.

So you're going to be on the hook. That's why people would look at a Medicare supplement to pick up that other cost and then Medicare advantage.

So yep we're local but we can work all over the state and um we've got some good SHIBA here is a great resource for you and the Department of Health and Welfare as well.

You can do a lot of good research on your own without ever having to talk to an agent.

If your income is lower than the Shiba link here I would suggest going there and looking uh on Sheba to see if you may qualify what we call for extra help.

And if you're confused, just give us a call. We're more than welcome.

I mean, we're more than able to help you out answer any questions. Low stress, No pressure.

So anyway folks, I hope that helps you out there today.

Give us a call and reach out to us anytime.

Thank you and have a great day.

Original post here: Best Medicare Advantage Insurance Idaho

What Are The Best Medicare Advantage Plans In Idaho | Chris Antrim Medicare Broker

Watch on YouTube here: What Are The Best Medicare Advantage Plans In Idaho | Chris Antrim Medicare Broker
Originally published by Boise Health & Life Insurance Agency

Top Health Insurance In Idaho | Ranks The 5 Largest Carriers In U.S.

Among Are The Top 5 Largest Health Insurance Companies In Idaho & All Over United States

Shopping for health insurance in Idaho is huge! Looking around the market makes you confused because they’re a lot! I mean a lot of carriers you can choose when you go to their marketplace. However, the health insurance market is dominated by five big companies.

And these companies are ranked in order according to their market share and together they controlled just about 44% of the market. And these are Anthem, Centene, UnitedHealthcare, Humana, and Health Care Service Corp (HCSC).

5 Largest Health Insurance Companies

All these carriers provide basic health insurance products to both individuals and companies, along with other insurance services that include Medicaid and Medicare policies, LTC insurance, and dental and vision benefits. To rank them as the largest companies in Idaho means that they have the highest numbers of members, or simply say covered lives . Covered lives mean the number of individuals who have enrolled in that specific carrier. 

• UnitedHealthcare is the top health insurance company with a total of 70 million covered lives. Along with having the most members, they also have a care network of over 1.3 million physicians and health care professionals with more than 6,000 hospitals. Moreover, its policies and plans can be purchased in all 50 states. This only means that if you are a UnitedHealthcare member, you can have a wide variety of options to choose from to receive care.
• Anthem ranks the second largest insurance provider with a covered life of over 39.9 million. Anthem is a licensee of the Blue Cross Blue Shield Association, meaning that when searching for their policies on the marketplace, you will find its products alongside BCBS followed by the name of your state. But the carrier you will be buying will be Anthem.
• Aetna is the third-largest provider by membership with over 22.1 million members. Most of its members come from brokers and employers. Or employees planning to buy their own policies. Aetna was acquired by CVS Health Corp, an American healthcare company in 2018.
• Cigna ranks the fourth-largest medical insurance company in the United States by members of 20.4 million. You can purchase their policies in 11 states such as Arizona, California, Colorado, and more. You can find their headquarters based in Bloomfield, Connecticut. They offer corporate health insurance policies, in addition, they also provide dental behavioral health and Medicare/Medicaid supplemental benefits. 
• Humana comes in as the fifth-largest health insurance with covered lives of 16.6 million. Long-term care insurance is the original product before they decided to expand from selling health insurance policies. However, the company made an announcement in 2017 that they will no longer be providing individual health insurance in 11 states where they previously provided plans.

These top health insurance companies in Idaho tend to offer similar services and products to their clients, the only thing that will differ is the cost and rates. That is why I always tell my clients and customers to compare quotes from different carriers, so they will understand how they differ and they will know what is the best deal for their needs and situation also.

Thank You For Reading!

Original post here: Top Health Insurance In Idaho | Ranks The 5 Largest Carriers In U.S.

Top Health Insurance Companies In Idaho

Watch on YouTube here: Top Health Insurance Companies In Idaho
Originally published by Boise Health & Life Insurance Agency