Monthly Archives: September 2015

Simplifying the Process of Finding Affordable Health Insurance

As consumers choices increase when buying affordable health insurance online, so has the growth of benefit information within those plans. Today there are thousands of broker-sponsored websites ready and able to serve the consumer.

However, there are many pitfalls to watch for when buying something from someone you dont know, filled with information you dont understand. Many of these sites lack information that is crucial to make an educated decision when getting health insurance quotes.

Keeping up-to-date information is a vast challenge for companies; some sites offer up to 80 different carriers providing 150 separate types of individual, family, or business insurance. With this much information, a change to one of these products can often take up to 30 days to be reflected in online insurance quotes.

Its difficult for insurance brokers, much less the untrained consumer, to find the right information and make the right choice when getting health insurance quotes. So what can the consumer do when faced with this informational overload?

As simple as this may seem, find a company whose site provides enough insurance information for consumers to do a little homework. A Glossary is a great starting point, as you can familiarize yourself with many of the terms you will encounter when shopping for affordable health insurance. When getting a health insurance quote online, be sure you know who youre working with.

Another very important question to ask is if the person guiding you through your insurance options is a licensed health insurance agent. Insurance advisors are the very ones provided with updated information about policies you may be interested in. Licensed health insurance agents must follow strict guidelines mandated by their states department of insurance and those insurance companies they represent.

Using a service that provides you multiple quotes from various carriers (insurance companies) is a great way to simplify the process. Make sure the health insurance quote web site you are using only works with reputable licensed insurance agents, solid insurance companies, and that they can be easily contacted. I simple way to see if a real person is on the other end is to simply call a conspicuously placed toll free number on the page. If a phone number isnt present, you should consider requesting an affordable health insurance quote from another source.

Identity Theft is there hope for victims?

One of the lesser known Id theft sources comes from none
other than your credit card company or some other source of a data leak and to make matters worse Visa fine processing companies for breaches of security instead of helping the affected company increase their security. most of the larger companies are indeed secure however a security breach can happen to even the most secure of companies you can never be completely safe from Identity theft, and you certainly don’t want your good credit at risk.
There are a truly amazing number of data breeches every year, from a wide variety of sources, here are some examples taken from The Identity Theft Resource Center (a non profit organization) sponsored by a grant given by the U.S. Department of justice via the Office for the Victims of Crimes, they do not publish any information that is not
verified.

Here are some statistics from 2007 thru 11/28/2007

Banking/Credit/Financial total number of files exposed 9,303,617

Business such as retailers57,950,790

Education1,180,875

Government/Military7,763,519

Medical/Healthcare3,635,136

Total number of records exposed79,473,937

You have certainly heard of all of the companies that promise or even guarantee to protect your identity they generally come with varying amounts of insurance from $10,000.00 to a cool million if your identity is stolen, They will pay a million if you can prove to their satisfaction that you suffered a million or more in losses as a result of the Id theft but beware some major companies limit their liability to expenses incurred legally or thru other services THEY deem as necessary due to the failure or defectiveness of their service, in any case they will generally only pay for legal costs or other fees associated with the failure of their service, the cost of these programs varies depending largely the amount of insurance, so if you decide to use one of them to aid in protecting your identity inspect the guarantee carefully.

Credit Card Charges and How to Avoid Them

It is one of the joys of the UK credit industry that prices of credit, and in particular of credit cards, have continued to fall over the past number of years. Today you can get zero per cent on balance transfers, and even zero per cent on purchases, offers that were simply unimaginable just a couple of years ago. This is all the result of increasing competition in the market place from alternative lenders and banks from abroad, particularly US banks. However, there are still many charges out there and it takes some care and consideration to make sure that you dont end up paying far more than you should for your credit cards.

The main charge associated with credit cards continues to be interest charged on outstanding balances. This is traditionally how credit card providers have managed to rake in the massive profits that they have become associated with. It doesnt take much research to discover that the interest rates on credit cards are among the highest on the market. While mortgage rates and personal loan rates can easily be as low five or six per cent, credit cards rates are easily over twenty five per cent. This is due mainly to the convenience and flexibility of credit cards as a source of needed money. If you find that you are carrying over large credit card balances from one month to the next, you are probably paying far more than you need to for your credit. The best way to remedy such a situation is to consolidate this credit.

Debt consolidation loans, typically secured over your home, offer far lower rates of interest. You can then reduce your outgoings to a single monthly figure that allows you to pay off the debt at a reasonable rate.

Another way to avoid credit card interest rates is to take advantage of zero per cent balance transfers. These can be great opportunities and are offered by credit card providers who are ever more eager to increase their market share and add you as a customer. You will benefit from low or zero per cent rates on any balances that you transfer over to the new card from other credit cards. A word of advice however is to make sure you close the original account. This avoids the temptation of racking up further spending and improves your credit rating by reducing the over all amount of credit available to you.

Other charges such as subscription fees are by and large a thing of the past. Some credit cards still charge annual fees on the basis that they offer other rewards or are more exclusive cards but the general advice these days is that you can get just as good results on cards that do not charge these fees so if you are paying a fee, perhaps you will want to switch to a card that is free in this sense.

Late payment fees and other penalties are incurred if you fail to keep up with your repayment obligations and you should make every effort to avoid these as they are completely unnecessary.