what type of medical policy is required to establish a health savings account?
89546
any health care provider can give you an HSA health plan.  Once you have a plan in force then you can open an HSA account.  Generally they have a high deductible that you have to meet before the actual health care plan kicks in.  But if you're healthy, having an HSA started can be a great thing for taxes and your future.  There is an HSA bank on line that has more info, but I dont recall the web address.  Any search engine should be able to take you there.
664322
A couple of things.  You dont need multiple policies, one will do.  The policies allow you to designate beneficiaries, and also you are able to designate percentages to each.\n\nIf you want to control how the money is used, have a trust setup so that if you died, the insurance proceeds would go to the trust and the trust would distribute proceeds according to your pre-established desire. You pick who you want to be the trustee of the money...someone you trust would spend money according to your wishes..it could be a friend, family member, or outside independent source.\n\nThat would keep the money out of everyone's hands.
1045869
I'm sorry to hear your situation but you do have options. You can compare quotes from InsureMe. They offer you several quotes and accept many medical conditions.\n\nYou can also look into life insurance with no medical exam required. This may cost a little more, but you get quick approval, if qualified. There's no exam, no agent to deal with, and no delays. Try out quotes from both options. And good luck with getting your coverage placed at a reasonable rate. Take care.\n\nhttp://www.term-life-online.com
84376
You need an umbrella insurance policy as well as others that are mandated to medical practices.  Contact a local insurance company and your state to find out all requirements.
78423
Well, health plans vary widely in costs.  An employer should engage a licensed health insurance agent and explore a number of options, ranging from high-deductible or catastrophic plans, to richer plans that cover and cost more.\n\nSome tools that can help offset expenses in various ways include Health Flexible Spending Accounts, Health Reimbursement Arrangements, and Health Savings Accounts.  A knowledgeable agent should be able to discuss these options with you, and help you locate tools to evaluate the options.
306707
Try Standard and Poor's.  Call the health insurance company you are interested in and ask them to send you a Fact Sheet on their company.
826384
Your link looks like a pension question, but you are using it for national health care purposes??? Would you rather ask about Social Security to make it more relevant?\n\nYou can get more information about this issue and analysis of the health-care problem from all the angles at the link below.\n\nLaissez-faire health-care economics makes no sense. Markets are good for some things, bad for much and  immoral for health-care. Markets can function efficiently if people have choices. There is no choice in your health-care requirements. If you have congestive heart failure, you can't say to yourself, "Ah, I don't need the attention of a thoracic surgeon this week, I'll put it off until next week."\nOr, "I don't have any need for cancer right now, I'll take indigestion instead."\n\nTherefore, a market solution will only distribute our health resources inefficiently and inequitably. Rich hypochondriacs get all the care they "need" while poor folks with bad hearts let their conditions deteriorate until they need the most expensive care available.\n\nOur high malpractice problems and claims are a direct result of having no national health insurance. When those poor folks who can't afford health-care finally are faced with a heart attack or some other acute episode, they head to the hospital to a doctor they've most likely never seen with no medical records to speak of. The doctors are "flying blind" trying to save the patients not knowing the full array of ailments, allergies, etc they might have.
1006713
Life insurance is NOT primarily a savings vehicle.  You should not look at it for solely the savings feature.  If you do not need life insurance and simply need to save money, then I recommend you have your bank automatically move funds from your checking account to a savings account or mutual fund each paycheck and you will have much more over 20 years than any life insuarance policy.\n\nThat being said.....permanent life insurance has many outstanding features in additiona to the forced savings you are talking about.  Obviously, you have a death benefit, that you do not get in any investment vehicle.  You also get tax defered growth, also something that is not available on most non-qualifed savings vehicles.   You have ready access to your cash at all times, which may not be the case with some investment vehicles.  And last but not least....you have the tremendous opportunity to take loans against the cash values in the policy and not have to pay income tax on the income.  You do not pay tax on loans.\n\nAs a financial planner and insurance agent, I thoroughly enjoy this business.  I encourage you to really think about exactly what you are trying to accomplish and then choose the right vehicle.\n\nIf you have any other detailed question, just send me an e-mail.  I'll be happy to answer any other questions.
181632
The previous answerer is confusing the new HSA's with medical flexible spending accounts. or Section 125 plans. The funding in HSA's does rollover if unused. It grows tax deferred and is tax free when withdrawn for qualifying medical expenses. Some plans even include the option to invest a portion of the funds in the account in mutual funds a few years after set up.\n\nThe downside as I see it is if you have a health condition that causes you to rely heavily on your coverage you will end up paying more out of pocket than you would if you had some form of managed care coverage (HMO<PPO<POS). If you bleed the savings account dry every year you won't get to the point where the account can accumulate. Also, I haven't seen the large savings in premiums that was originally expected. The HSA's are ususally cheaper than managed care premiums, but not as much as we thought they'd be.
184080
First, Corrections:\nTerm, Whole, Variable, Universal, etc. are all forms of life, not health insurance.  \n\nSecond, Assumptions: \nSeveral assumptions are being made in my answer. \n1.You are looking for Health, not Life insurance.\n2.You are not eligible for insurance through your employer, therefore you have to get your own.\n3.You are a citizen of the United States.\n4.You are buying health insurance as an individual, in other words, you don't run your own business that can deduct the cost of insurance.\n5.You are under the age of 55.\n\nThird,  Know the true purpose of insurance:\nThis is important from a philosophical, as well as a practical standpoint. In all its forms, insurance is intended to “cushion” the individual from excessive financial burdens in the event of UNEXPECTED costs. While I abhor “capitalized screaming” the term unexpected is important! Most people believe that insurance implies a reimbursement. In the old days they called this a tontine. But this is not the purpose of health insurance. Health insurance was originally meant to keep you from going broke when some fool t-bone's you at an intersection, or you contract pancreatic cancer. That said and understood I can make a suggestion that can keep costs down, save on income taxes (if you itemize) and give you health coverage for regular health care needs as well as prevent catastrophic financial loss due to a serious health event.\n\nFourth, The Suggestion:\nLike him or hate him, George Bush got through Congress a great thing called “The Health Savings Account” or “HSA” for short. Basically it has two parts.  \n\nFirst, a savings account where you can save up to ~$2700 (single) or $5,450 (family), or your health plans deductible, per year, which ever is less.\n\nSecond, a high deductible health insurance plan that acts just like a regular Preferred Provider health plan or PPO for short. You pick a doctor from the company's list of MD's basically. This insurance plan will usually have a co-pay (some don't) and will protect you case some fool t-bone's you at an intersection, or you contract pancreatic cancer.\n\nBTW, I don't have any “skin in this game." Just went through it recently.  If this is all too confusing, get an independent insurance agent to help you, they should bend over backward to help. They make commissions when they sell these products.\n\nI wish you good health.
1029496
You will have to use your medical savings account to pay for the uncovered dental expenses.  Workman's compensation will not cover gross negligence on the employees part.
515430
May I suggest to you Ameri Plan's discount benefits program. They do not have any restrictions on ongoing conditions and you can start saving immediately. The plan includes savings on dental, vision, prescription and chiropractic care. I'd check them out. I'm so proud to be with them. I know I shouldn't advertise, but your need sounds great. Let me know if you have any questions. wlakin@ameriplan.net\n\nhttp://www.mybenefitsplus.com/40378118\n\nWe are currently running a promotion (ends May 31!) where you can try it out for 3 months for $23 total. This is a great service. You should check it out!
198622
What kind of insurance? Life? Health? Driving?
1024312
I'm guessing you're an international student, right?  Contact an individual insurance agent to get quotes.  I'd recommend one, but I don't know any in NY.  Can the school recommend an agent or company?  Ask their office for international students.\n\nHere's some definitions:\nPRE-EXISTING CONDITIONS:  Anything you have wrong with you or have seen a medical professional about in the period before coverage started.  Usually the period is for 2 years, but could be longer.\n\nREPATRIATION OF REMAINS:  Will pay to have your dead body returned to your home country if you should die while in the US.\n\nDEDUCTIBLE:  The amount of the health care costs you must pay.  For example, with a deductible of $500, you have to pay that amount before the insurance will pick up all costs, except for co-pays.\n\nCO-PAYS:  The amount you have to pay for service.  For example, under my insurance, at each office visit, I have to pay a co-pay of $20 just to go to the doctor, regardless of what the doctor charges the insurance.
767563
This is an excellent question! \n\n In America people are purchasing "Short Term" Policies are opening themselves up to a "world of problems".   You see in the United States we passed a law that enables employees be offered "Cobra" , Cobra is for your "protection".  Let me give you a couple of "What ifs"\na. I go work for ABC Corp. and call up a few "slick" agents who sell healthcare and they sell me a Short Term policy, sounds great!..11months into the policy the Doctor discovers a tumor in my body, and says it is Malignant- I have cancer.  So I call my short term company, and they say well your policy ends in 30days, I ask the company can I convert to a Permanente policy, and they say "NO", because of your medical conditions.\nb. Second Ex. I sign up with my employers plan, and I am diagnosed 11months into the plan with Cancer, and I decide to quite employment, I am offered Cobra!. So lets keep going, lets say I pay for Cobra for 18months (until it ends) and I am still having Chemotherapy, and thus un-insurable by health companies.  Here is the Good news!!!..I am eligible for HIPPA coverage !!!.."lifesaver"..any company offering health insurance will have to accept me into a HIPPA plan.  \n\nAs you can see the only way a person can take a risk with a short term policy if they can "See the future".. and if your crystal ball shows you not needing any health services over your lifetime, then just refuse coverage!..\n\nDo not trust any salesperson, read articles and do your research, Paul Zane's books are pretty good.
489525
May I suggest to you Ameri Plan's discount benefits program. They do not have any restrictions on ongoing conditions and you can start saving immediately. The plan includes significant savings on dental, vision, prescription and chiropractic care. I'd check them out. I'm so proud to be with them. I know I shouldn't advertise, but your need sounds great. Let me know if you have any questions. wlakin@ameriplan.net\n\nThey are headquartered in Plano, TX and have been in business for 14 years. They are currently offering (just for May) $1 per month for 3 months...basically a 90-day trial. :)\n\nhttp://www.mybenefitsplus.com/40378118...
850384
Hi, I live in Ohio, near the lake, not far from Canada...\nAlot of people in this country have an insurance system that involves partial private pay and premiums taken out of your paycheck, much like a tax off the top. Very few have fully paid medical care anymore; most have either an individual or family "co-pay," which means depending on the insurance plan, a person could pay $500 (US) or more before insurance starts picking up the bill. In the US we also have Medicare or Medicaid that picks up for people over a certain age (like Medicare) or for people who are disabled and/or destitute or meet certain financial criteria (i.e. Medicaid.) There is also help available for families who have disabled or handicapped children. Most people of retirement age and others that would meet the traditional risk categories for something like a stroke would probably qualify for this if they don't already have some insurance through their retirement benefits. Unfortunately for most of these plans criteria is usually set so that for others who could medically and financially benefit they "slip through the crack." I know from both personal experience as well as from others that if you have something that isn't very serious that you try to treat it yourself and avoid the high medical bill even if you have insurance. For those who are uninsured or underinsured and don't qualify, if they have a tragic accident or sudden illness, they go to the hospital and damn the consequences. Most people would go to save themselves or their families lives, and then either force the hospital to write it off as bad debt, or pay what they can when they can, or file bankruptcy...