Faqs
Q. How to select a good insurance company?
Ans. It's easy to seme which company is least expensive, but when you need them to cover a claim, what kind of job will they do? To put it another way, which is the most reliable insurance company?
 
Here's some quick tips to help you choose the right insurance company for you
 
1. Visit your state's department of insurance and check consumer complaint ratios and basic rate comparison surveys.
2. Get in touch with local body medical practitioners you trust and ask which insurance companies they recommend.
3. Consider contacting an insurance agent for additional information about a particular insurance company.
4. Check out the financial strength ratings for an insurance company by referring to the A.M. Best and Standard & Poor's ratings.
 
There's so much to think about when looking for the right insurance company; we've already found the best links below to help you get the right information fast.
 
The right information can go a long way when you're shopping for car insurance. You can shop for car insurance either online or face to face with a car insurance agent.
 
Some companies that sell car insurance policies online, as well as the companies that sell car insurance policies traditionally, can make independent decisions about the expenses they incur and the prices of their products. So you might not necessarily get the same quote with the one company either.
 
When you complete a quote make sure the car insurance company only collects information necessary to provide accurate car insurance quotes. And ensure the information is limited to people involved in processing this information for sales, customer service or claims service.
 
Also for coverage purposes, sometimes all family members of driving age who are residents of your household might need to be listed on your car insurance policy to protect both you and the insurer. So don't forget to ask and make sure everyone is either covered or excluded.
 
What is the car insurance definition of an accident?
Accidents include at-fault, not-at-fault, reported and unreported collisions that you, as the driver, were involved in. Not at fault occurrences in which your parked vehicle was damaged in a collision also are considered accidents.
 
Q. How to select a good health insurance plan?
Ans. A good health insurance plan is one of the most important things you need to have for yourself and for your family. But what should a good health insurance plan consist of?
 
It can be a bit of a challenge today to find the right insurance plan for yourself and your family because of the diverse options available. However, when you are choosing a good health insurance plan, don't simply base your decision on the cost of the monthly premium.
 

Know the details of the health insurance plan - what it covers and what it doesn't cover. Also find out the health insurance plan's in-network as opposed to out-of-network coverage and expenses. What are its co-payment amounts, deductible amount per family member if applicable, and the coverage caps?

Understand what your needs and your family's needs are when you are deciding on what health insurance to get. Should the health insurance plan cover just you or should it cover you and your spouse? Should it cover you and one child or do you need a health insurance plan that will cover your entire family?
 

The next step is to find out the health needs of everyone whom you want to include in your health insurance plan. This step can be quite complicated. Are you and the others in good health overall? Does anyone have any pre-existing conditions? Would you at any time feel the need to approach certain medical specialists or institutions? Once you answer these questions, you will be ready to start choosing a good health insurance plan.

You will need to gather all possible health insurance options available for you and your needs. If your employer is offering group insurance, your options may be limited. If you are self-employed, you will have to choose from the different private health insurance plans. Whatever your case is, you need to understand the difference between the two basic types of health insurance plans offered today: the Indemnity Plan and the Managed Care Plan.

 

With an Indemnity Plan, you are free to choose when and where you want to get medical assistance. This type of health insurance plan has a higher out-of-pocket cost, but for many people, the added price is fair when they consider the freedom they are getting.

With a Managed Care Plan, you are required to only use the services of medical professionals and institutions that are part of the plan's "network". In general, you would need pre-approval for medical services beyond basic preventive care. In terms of costs, the costs of Managed Care Plan are lower.
 
A Managed Care Plan is a good choice if you (or your dependents) don't have major health problems, are not concerned about who provides you medical services, or have to keep tabs on your medical costs.

Of course, this was just a very basic overview of the two types of health insurance plans. You can research these two plans and study them more deeply.

 

After deciding if you want a Managed Care Plan or Indemnity Plan, the next step you need to take is choosing the right health insurance company to provide you the health coverage you need. There are many health insurance companies today - from the famous corporate giants to the small, single-owned business.

You need to thoroughly research these companies before you make a decision. You can use the Internet to research companies, ask others for recommendations, and read literature so you can understand each insurance company's claims filing procedures. Armed with the necessary information, you'll be able to choose the right health insurance company for you and your family.
Article Source: http://EzineArticles.com/271559
 
Q. How to submit a claim?

Ans. A good health insurance plan is one of the most important things you need to have for yourself and for your family. But what should a good health insurance plan consist of?

It can be a bit of a challenge today to find the right insurance plan for yourself and your family because of the diverse options available. However, when you are choosing a good health insurance plan, don't simply base your decision on the cost of the monthly premium.
 

Know the details of the health insurance plan - what it covers and what it doesn't cover. Also find out the health insurance plan's in-network as opposed to out-of-network coverage and expenses. What are its co-payment amounts, deductible amount per family member if applicable, and the coverage caps?

Understand what your needs and your family's needs are when you are deciding on what health insurance to get. Should the health insurance plan cover just you or should it cover you and your spouse? Should it cover you and one child or do you need a health insurance plan that will cover your entire family?
 

The next step is to find out the health needs of everyone whom you want to include in your health insurance plan. This step can be quite complicated. Are you and the others in good health overall? Does anyone have any pre-existing conditions? Would you at any time feel the need to approach certain medical specialists or institutions? Once you answer these questions, you will be ready to start choosing a good health insurance plan.

You will need to gather all possible health insurance options available for you and your needs. If your employer is offering group insurance, your options may be limited. If you are self-employed, you will have to choose from the different private health insurance plans. Whatever your case is, you need to understand the difference between the two basic types of health insurance plans offered today: the Indemnity Plan and the Managed Care Plan.
 

With an Indemnity Plan, you are free to choose when and where you want to get medical assistance. This type of health insurance plan has a higher out-of-pocket cost, but for many people, the added price is fair when they consider the freedom they are getting.

With a Managed Care Plan, you are required to only use the services of medical professionals and institutions that are part of the plan's "network". In general, you would need pre-approval for medical services beyond basic preventive care. In terms of costs, the costs of Managed Care Plan are lower.
 

A Managed Care Plan is a good choice if you (or your dependents) don't have major health problems, are not concerned about who provides you medical services, or have to keep tabs on your medical costs.

Of course, this was just a very basic overview of the two types of health insurance plans. You can research these two plans and study them more deeply.

After deciding if you want a Managed Care Plan or Indemnity Plan, the next step you need to take is choosing the right health insurance company to provide you the health coverage you need. There are many health insurance companies today - from the famous corporate giants to the small, single-owned business.
 
You need to thoroughly research these companies before you make a decision. You can use the Internet to research companies, ask others for recommendations, and read literature so you can understand each insurance company's claims filing procedures. Armed with the necessary information, you'll be able to choose the right health insurance company for you and your family.
Article Source: http://EzineArticles.com/271559
 
Q. How to submit a claim?
Ans. Insurance claims are as important as buying an insurance. Many times we read in newspapers and hear that insurance claims being rejected by insurance company on the grounds of negligible issues. There are cases that insured persons who files claim does not provide proper documents and might have provided false declarations at the time of buying the policy. In some cases the claims are rejected because of misunderstanding of policy wording and hence finally the claim gets rejected. Here are a few important points that should be kept in mind while lodging an insurance claim.
 
1) Lodge your Insurance claim on time and provide necessary documents Never make delay in filing an insurance claim. If make delay in lodging the claim, the insurer will get less time to verify the documents and hence due to this there are chances of mistakes in verification so be on time and lodge your claim on time. Most of the insurer companies or TPAs provide facility to intimate for insurance claim via telephone, but after you intimate TPA over phone dont make any delay in providing the documents for the same so that verification of the documents starts.
 
2) Provide information of multiple insurance policies Most of us do have more than one policy with us. So if you are taking another policy then provide all the information of insurance policies that you have with the insurer.
 
3) Do not hide any information about your health conditions Provide accurate and correct information about your health conditions. This means if you are suffering with some specific illness since last three years then do not declare that it is happened last one year. Do not lie on your own health. You should be honest with your health conditions may it be pre-existing because if insurer in any case come to know about the health condition then they will deny your claim instantly.
 
4) Provide correct and duly attested medical bills This is important because you need to submit all the originals bills. So make sure that the bills are original with correct date and all are with sign and stamp if any from the medical store. Any back dated and unsigned bill will be rejected for claim.
 
5) Be patient and cooperate with your insurer Insurance claim settlement has its own time and procedure, so do not make hurry for the claim settlement. Even insurers have their claim settlement defined time limit so within that time they also have to make sure the claims are settled in time. Cooperate with insurer if any queries comes that asks some more documents to submit for your claim. So if any queries generate and ask documents please cooperate and submit the required asked documents on time without any delay.
 
Q. What to do if insurance company is not paying claim within time?
Ans. From income protection insurance to car insurance, many of the insurance companies have a number of measures to avoid paying legitimate claims in legal ways. We have to understand that they are in business and there are repercussions to that. By looking at these common examples you can better decide whether you should choose a company or not.
 
1) Complicated contracts. A good insurance company will have a very well written and clear policy booklet and contract. Companies that lay this out for you in complicated ways and do not spell out their definitions or have fine print here and there, are looking to make it harder for you to understand. Fine print is a perfect example of a company trying to hide something from you. Fine print has one use only - to try and make you avoid reading it.
 
3) Denying claims. Denying claims is the first line of defence for many insurance companies to protect themselves. Many insurance companies even pay commissions to staff who can find ways to deny claims. You might want to ask your life insurance or motor insurance company if this is the practice inside their company. Pushing the right buttons will give you a hint to the nature of the company. You are paying for something that you have not gotten and so whatever you can do to investigate it you should.
 
3) Slow process. Some companies will stretch out the process of your claim so that it becomes unbearable for you to deal with the issue. If you need the money because of a disastrous situation this could leave you high and dry. Insurance is finance, and so if the company can stretch out the time that it takes them to pay, it might just make the company look better for any given period. A company that guarantees response and settlement time is something that you should be looking for.
 
4) Investigations and private eyes. Be very aware that you may be monitored after you make a claim. Insurance companies have to protect themselves against fraudulent claims and so they will have other professional organisations that they pay to check on your claim. A photo of you in the wrong place or wrong time, or investigative reports that make your claim seem dubious may have a big effect on your life. Be aware that this will happen and take measures to protect yourself.
 
The reality is that everyone is out to protect themselves, and this is also the case of the insurance company. Fraudulent claims cost them millions of dollars each year. Unfortunately we are often the victim of that. Those defrauding insurance companies are also defrauding the rest of us. Get the best advice, do all the research you can, and protect yourself.

Article Source: http://EzineArticles.com/6017904