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Abilene small group business health insurance
Consumer Alert:
If you want to save money when you purchase a disability policy:
- Increase the length of the waiting period.
- Reduce the percentage of income that you will receive upon disability. (This may not be a sacrifice once you determine the extent of other disability benefits to which you may be entitled.) And/or:
- Shorten the length of time the Abilene small group business health insurance company will have to pay benefits.
Final Comments
If you are thinking of purchasing a disability policy, remember the following:
- Make sure you have the right to renew. Guaranteed renewability is just as important in disability insurance as it is in traditional Abilene small group business health insurance.
- Make sure you pay your premiums in a timely fashion. Most policies have a grace period (typically 30 days), but failure to pay premiums on time can result in cancellation of your policy. And with the ironic way life sometimes works, disability would probably strike when you no longer had insurance protection. Don’t let such a double tragedy ever happen to you!
- Make sure you understand the time limits for filing a claim. You must report the disability to the insurance company and jeep them apprised of your condition in a timely manner. Understanding your obligations in this regard will keep the Abilene small group business health insurance company from having an excuse with which to wiggle out of its obligations.
- Make sure you have enough savings to see you through the elimination period. Disability insurance is designed to keep the wolf from your family door. However, if you are already broke by the time your benefits kick in, the money receive may not be enough to keep health and home together. Thus, try to have a nest egg set aside to pay your expenses until you qualify for benefits.
- Purchase disability insurance through a group if you can. Just as with health insurance, the power of a group usually means you can obtain higher Abilene small group business health insurance benefits for a lower price. However, many group policies only offer partial protection. If that is the situation you find yourself in, see about purchasing a supplemental individual policy with a rider that allows you to increase your benefits should you need them in the future.
Consumers’ Agenda
If there is one thing that can be said for the health care delivery system in the United States, it is this: To put it bluntly, it is falling apart piece by piece. The cost of medicine is way too high; those people most in need of medical Abilene small group business health insurance often can’t get it; and those who can get insurance, whether a company in private enterprise or a family of four, are paying through the nose for diminishing levels of protection. Clearly, something must be done.
…Continued in Abilene small group health insurance
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