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Puzzled by Your Insurance Coverage? Let's OverHall the Pieces!

Puzzled by Your Insurance Coverage? Let's
OverHall  the  Pieces!by:  Janet  L.  Hall2. Should both spouses carry their company's
plan  or  just  one  plan?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~3.  Which  is  the  best  plan  for  you?
(A special note to those of you that liveFind out your family's health history to help
outside of the United States. It wouldyou determine what type of coverageyou should
beimpossible for me to try and cover allbe  looking  at.
types of health insurance and coverage thatis
offered around the world. I do hope this4. Should you get or be concerned about
article will help guide you as to whatyouLong-Term  Health  Care?
should be looking for in your area of the
world  when  it  comes  to  healthinsurance.)Depends on your family history and your
finances. It is suggested that youshould
Health insurance, you either have it or youstart thinking about this type of insurance
don't. But wait a minute. Even if youhavewhen  you  are  in  your  40's.
health insurance you might not have it,
meaning, you might not have thecoverageHowever, the premiums are lower the younger
you'll need for your particular illness oryou are. Also, check with youraccountant
injury.about this type of insurance as the premium
cost * could be apossible * deduction on your
If you work for a company, chances are theyFederal  Tax  Form.
offer what I like to call * boiler
plateinsurance *. Take it or leave it. If5.  What  about  Disability  Insurance?
you're self-employed, chances are you can
getthe coverage you want but you also end upThis is also know as Income Replacement
paying * big time * for it if youInsurance if you should becomedisabled (NOT
don'tunderstand the products and optionsthe same as Worker's Compensation if you get
available  in  the  market  place.injured  on  the  job).
A friend told me about a female executive she6.  Should  I  get  a  Medical  IRA?
had met who knew nothing abouther family's
insurance coverage because her husband7. Are there any Federal Laws concerning
handled all * that *. Shewoke him up oneHealth  Insurance?
night asking him if their insurance covered
them  if  they  shouldget  Alzheimer's.Yes! Let me list but two:a. Employers with 25
or more workers are required to offer
He tells her, "Yeah, we're covered, go backemployees thechance to enroll in an HMO.b.
to  sleep  and  stop  worrying."COBRA (Consolidated Omnibus Budget
Reconciliation Act of 1985) requires ifthe
But she wasn't so sure if he really knew andbusiness you work for has 20 or more
thought she had better find outexactly whatemployees and you leave your job orare laid
their  insurance  covered.off that you can continue to get health
coverage  for  at  least  18  months.
What exactly does your insurance cover? More
importantly,  what  DOESN'T  ITIf you don't have insurance, find out if you
qualify for any state or government runplans
COVER? You need to know and understand whator do some research to find out what type of
your plan covers BEFOREyou need to use yourinsurance  you  need  and  canpurchase.
insurance.
The best site on the internet I found while
I don't claim to be an insurance person but Iresearching  health  insurance  is  by  the
have done some research and hereis a sampling
of  what  I  have  discovered.Agency for Healthcare Research and Quality
(formerly  know  as  the  Agency  for
You've got PPOs, POSs, HMOs, and COBRA.
You've  got  Indemnity  or  Fee-for-Health Care Policy and Research). On their
site  you  can  find  a  14  page  article,
Service plans and Government run plans such
as  Medicare,  Medigap  or* Checkup on Health Care Insurance Choices *
that includes a checklist and aworksheet for
Medicaid. Then there's Disability, Hospitalyou  to  use.  Click  on
Indemnity,  Long-Term  Care,  and
They also have a very informative article, *
Nursing Home Plans. Let's not forget DentalChoosing  and  Using  a  Health  Plan  *at
and  Vision!
As you can see, there are a lot of pieces to
You want and need to have health insurance tothe insurance puzzle. Now it's up toyou to
protect yourself and loved onesfrom financialtake the time, make the time, to find all the
disaster if you or they should fall into anpieces you and your familyneed to complete
illness  or  injury!this  *  crazy  *  puzzle!
So I'm writing to urge you to get out yourThe Organizing Wizard, Janet L. Hall, is a
health insurance policies and take agood lookProfessional
at them. See if your policies need an *
OverHall *. Call the provider ifyou don'tOrganizer, Speaker, and Author of 'Secrets of
understand  something or you have a question.a Professional Organizer and How-To Become
One.'  She  is  the  owner  of
Get the family together for an hour or so and
talk about the coverage youcurrently have andOverHall Consulting and Organizing By Phone.
write  down  any  questions  that  come  up.Subscribe toher FREE organizing newsletter at
or  visither  web  site  at
Listed below are several questions and
answers  I  came  up  with:Copyright ( c ) 1999, 2000, 2001 by OverHall
Consulting
1.  Do you have a choice in the type of plan?
P.O.
ASK



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