Insurance Companies

getting clients that need in home help is not hard to do, but how do i know what to charge for the services, do i compare prices with other companies or do i see what their insurances are willing to pay, or family members are willing to pay? i would hate to not help anyone who really needs the help all because they don’t have the funds. how do i charge these people?

a base would be a good start. If people really need the help, they should be willing or able to pay for it. If they cannot perhaps you could arrange a payment plan and offer a contract and threaten litigation on the contract. It is great that you want to help however,remember, you are rendering a valuable service

Everyone likes their health insurance so much there must be plenty of good companies out there. I’m looking for an option besides the government option. I’ll even try your insurance company if you are really happy with them. Please provide me with the name of the company and what you like about their service.

I would like to compare several policies (I assume they are all different) before I decide.

Also, if anyone could point out the differences in policies between different insurers that would be very helpful. Thanks.

Get an insurance broker. They’ll do all of the leg work for you and provide you w/ the best options based upon your needs and budget.

It’s worth it…too many people think they’re covered and find out they’re not w/ the policy they picked.

I have Blue Shield Active Start 35 — it’s a catastrophic plan but works well. It mitigates my risk to a maximum of $7500/yr — something I can probably handle if I hit that threshold.

Many people are also adopting HSA’s (Health Savings Accounts) in conjunction w/ their PPO’s/HMO’s. Doing so allows you tax-free access to money that is pulled from your pay-check on a monthly basis to pay for any deductibles/bills you may encounter w/in the year. At the end of the year, you can spend that money on health related items tax-free. Go to a Rite Aid or CVS pharmacy and load up. The Broker will help you maximize the benefit of that as well — in conjunction w/ the insurance policy. Be smart.

I received a few services from the hospital many months back and had no problem w/ billing/claims. They even picked up the phone when I called to ask about a separate bill that showed up a week after I paid the rest.

In addition, I was charged in-full for an MRI b/c I didn’t get authorization beforehand. After a brief 2 minute conversation w/ customer service, they apologized for the inconvenience, reissued the bill as if they had pre-approved it, reminded me to get approval next time and sent me my bill for the deductible.

I have shared 3A insurance will my mom, ever sense I began driving, I am now married, but my husband has no insurance on his car(yes, we are both aware of the law) And to be quite frank, my driving record sucks. As it stands today, I have one speeding ticket, and this past May I had an accident in which my license was suspended…I got it back mid September and want to get insurance of my own,…I know that I am considered a "High Risk" driver…

Anyone have any web sites, or know of a good insurance company?

She’s given me a wk to get other coverage, and my car is new, so i am gonna need full coverage.

~G~, There are lots of websites where you can get a free insurance quote. http://www.autoadviceonline.com/Auto-Insurance-Quote.html It only takes less than 10 minutes to do.

compared to other businesses? I’ve heard they only have a 6% profit margin.

Actually, the profit margin is 3% or less for many of them. People who believe that profit is the problem are delusional. Consumer demand for more and more coverage for less and less out of pocket at the time of service is largely responsible. People have become out of touch with the real cost of health care and since it costs so little at the time of service, they tend to overuse the system. Naturally, higher demand will ultimately result in higher cost. Combine that with state mandates for certain coverage levels and it’s a recipe for out of control cost. The fact is that it’s expensive because people over use it and because everyone who’s insured is paying for other people to have Viagra, substance abuse treatment and mental health services… whether they ever need them or not. Another factor is government funded health programs. Medicaid and Medicare offer incredibly low reimbursement rates. Often times, they reimburse at less than the cost of providing the service. That loss has to be made up somewhere, and it’s made up on the backs of the cash paying patients and those with private insurance.

i am only after a small car but insurance companies i have tried seem to be very expensive i have already tried confused.com and compare the market

It is going to be a little more expensive because you are a new driver. I wouldn’t recommend going to any of those one stop insurance places. They claim it is free but the quotes I received were higher than when I went to the individual company websites.

I got my insurance through libertymutual.com. Try them out

My step dad offered to go as main driver for my boyfriend on his car insurance to lower the price because he has just passed his test. We entered all the details onto Compare the Market and 3 of the companies have run full credit checks on my step dad… Are they supposed to do this just to provide a quote? Fair enough if you go ahead and want to use them for insurance.. Any help would be great
The quotes came through within a minute so I take it they have done the checks after giving the quote..

Yes, a majority of auto insurance companies are running credit checks nowadays as a way of quoting the policy. There are still some companies out there that do not run credit checks, but they are more difficult to find. The better your credit rating, the cheaper the premium.

Don’t worry about the quotes lowering your credit score. They only show up as a "soft" hit, so it will have no impact on your credit score.

I’m looking for whole life coverage for my mother. I need a plan for about $5,000-$10,000. All the websites where I can compare multiple ones at a time want your phone number (and/or email address) so they can call. I want to see the quotes instantly online. I just need a rough estimate and I could look further into an individual company. Anyone know of a website where I can do this?

Try this site

http://free-best-life-insures-comparator-usa.blogspot.com/

Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.

Noway could they make anything on collecting my house premiums of 500 annually compared to claims that may come in for $150,000 or more. That would take 300 premiums per year. and what if there were 15 other claims for 10000 because of hail or wind? just seems like a losing business unless they take the money and use it to invest? in what? the intrest rates stink.

HI, your friendly insurance guy here, again!

Insurance companies are required to have a certain amount of money on hand to cover claims. That means they tend to invest conservatively with most of their funds. They also rely heavily on actuarial predictions of probable loss, and present value / future value computation.

Actuarial predictions: Actuaries are high-powered mathematicians who, among other things, help insurance companies figure out what the probabilities are of losses occurring. An Actuary may determine that, for example, the odds of a house burning to the ground in New Hampshire is 1 in (whatever number) per year.

They then multiply the expected number of house fires by the average cost of claim per fire to get an estimate of the expected losses due to fires that year.

Present Value / Future Value computations: Insurers tend to fund payment of claims by starting with the value from the first part of this post, for example, the expected cost of losses due to fire in a given year.

Let’s say the insurer expects to have $5,000,000 in fire-related claims. The company will buy something like a $5,000,000 face value 1-year bond. Such a bond can be purchased at a discount (meaning you pay less for it than $5,000,000).

At the end of the year, the bond comes due and provides funds to recoup the cost of paid claims, or pay due claims.

That’s a simplification, but it’s essentially a good example.

Also, since claims for a loss are INCREDIBLY fewer in number than premium paying clients, it’s actually not hard at all for an insurer to cover claims and still make a LOT of money.

Witness MassMutual, which had higher gross revenues last year than Coca-Cola. Belive it – insurers are taking in a LOT more money than they pay in claims.

The exceptions are cases like Hurricane Katrina. The only reason the home-owners insurance carriers in the area have not gone totally out of business due to claims is that they denied, and denied, and denied claims. If they paid out on all those claims they’d probably go under. that’s a case where a natural disaster caused SO many claims at once there’s no practical way for the carrier to cover its payouts.

Anyone reading who is an actuary can explain in more detail

Anne C answered that with her General Insurance, they only require more or less 10% of total cost. So comparing General Insurance & standard insurance, general insurance is a lot better.

but Anne mentions hassles in dealing with insurance companies. Bad, very bad. Huh?

Insurance companies do not generally ask you to pay half the cost of the paint or any damage unless you have a deductible. And are you talkiing about auto insurance?

The only time the auto insurance company may pay a percentage of the claim is if you have prior damage.

Surely this company can’t think this is the best way to get new business. I switch off the sound when he comes on.

nope he annoys me so does the comparethemarket one