Importance of insurance?

[parker.mikel]

Purchase long-term care insurance to protect your assets.

If you are looking for the best way to secure your future from any undue financial burden of medical expenses, then long-term care insurance can be your best answer. You can consider purchasing a long-term care insurance policy to protect your assets and enjoy an exemption of tax for your premiums of the policy if you are working. Long-term care insurance is a type of personal care service provided at either a daily or monthly rate in nursing home and assisted living facilities and the benefits cover room and board, skilled or custodial care in a facility. A long-term care insurance policy plays an important part in protecting your life savings from getting depleted if you plan to buy it at the right time.

Look out for the benefits that you can enjoy in your insurance policy

Long term care insurance policy is the scheme through which you can pay in advance and that too in fewer amounts for a future’s big financial problem. People prefer buying long-term care insurance plans that offer complete home health care where it will pay your entire daily or monthly benefit amount. You can also take the advantage of your long-term care insurance that will pay for your complete custodial and skilled home health care. It is important that you choose your long-term care insurance policy wisely and compare the insurance policy features and benefits according to your needs.

Check (long-term-care-insurance-cost.com/long-term-care-insurance-benefits) for more information.

Regards,
Mikel Parker.

 

[auditor0007]

Yet, you seem to have no problem giving your opinion on the value of our government. What business do you have doing that? I'm asking for opinions on what service insurance companies are providing to society and you as usual respond with a senseless, thoughtless answer that much like insurance companies, overs no real value. Please go troll another thread.

An insurance company is a financial repository with (one hopes) tremendous skill at risk spreading and asset management. Buying insurance (life, fire, theft, etc.) allows the average person/business to shift unbearable risk onto a pool in exchange for a price they can afford (in theory).

If there were no insurance at all, no one would be able to own a home, buy a car or sell a product or service. Insurance is as vital to our economy as banking or power.

Yes thats the idea behind insurance, however healthcare insurance has outgrown that model over the years where even if you had fantastic coverage you were no longer guaranteed to have the coverage you need when the time comes for it. So insurance ceased to be insuring anything, except for their own profits. If you can't have peace of mind that you'd be covered in the event of a catastrophic illness, then what is the point of insurance in the global scheme of things. This is why insurance companies have outgrown the value they originally provided.

And thanks for answering my question...which Dude refused to do.

The problem with health insurance companies is that they no longer are just providers of health insurance. Actually, health insurance isn't really insurance at all. If you drive, you need auto insurance. If you own a home, you need homeowners insurance. If you own a business, you need liability insurance. In all these cases you need insurance, just in case something bad happens. If you get into an automobile accident, you are covered and your car will be replaced. If you injure or kill someone, insurance will pay the claims. If your house burns down, insurance will pay so that you can rebuild. If a customer falls in your store and breaks his/her arm, insurance will pay the medical bills. But how many people ever actually file a claim? It's a small percentage. Many people never file a claim. But they still need that insurance in case something really bad does happen.

Now let's look at health insurance. How many people never go to the doctor? How many people never get sick? How many people never actually need their health insurance? Because health insurance covers just about everything, almost everyone uses it. Health insurance companies don't just insure for medical catastrophe, they cover everything. They are just an administrator of our medical expenditures, and they charge a very high fee for this service.

But here is an even bigger problem. If you choose not to carry homeowners insurance and your house burns down, what happens? Obviously, you don't get a new home. You are just shit out of luck. Too bad you weren't intelligent enough to pay for homeowners insurance. This is, of course assuming your home is paid for. If it is not, you are required to carry homeowners insurance. However, what happens if you don't have health insurance? Are you completely denied treatment? In the end, you will get some kind of treatment. It may not be what you need, but you will get some form of treatment. And someone else will pay for it.

It seems to me that health insurance companies should only offer insurance, rather than being the complete administrator of our healthcare. The biggest problem with this is that in it's current form, this system allows insurance companies to dictate prices for just about everything within healthcare. Deals are worked out between providers and insurers as to how much a provider will be paid, regardless as to whether or not the price reflects the true cost of providing the service. And in doing so, competition becomes non-existent.

The entire system is a mess, and it is stacked agaist the consumer. Unfortunately, there is no simple answer. The system needs a complete change, but I don't agree that having single payer is the way to go. At the same time, allowing insurance companies to run the whole show is not a good idea either. The problem is that too many people think there is a simple solution. Let the market figure it out? Go with single payer? They're both terrible ideas.

 

[auditor0007]

Purchase long-term care insurance to protect your assets.

If you are looking for the best way to secure your future from any undue financial burden of medical expenses, then long-term care insurance can be your best answer. You can consider purchasing a long-term care insurance policy to protect your assets and enjoy an exemption of tax for your premiums of the policy if you are working. Long-term care insurance is a type of personal care service provided at either a daily or monthly rate in nursing home and assisted living facilities and the benefits cover room and board, skilled or custodial care in a facility. A long-term care insurance policy plays an important part in protecting your life savings from getting depleted if you plan to buy it at the right time.

Look out for the benefits that you can enjoy in your insurance policy

Long term care insurance policy is the scheme through which you can pay in advance and that too in fewer amounts for a future’s big financial problem. People prefer buying long-term care insurance plans that offer complete home health care where it will pay your entire daily or monthly benefit amount. You can also take the advantage of your long-term care insurance that will pay for your complete custodial and skilled home health care. It is important that you choose your long-term care insurance policy wisely and compare the insurance policy features and benefits according to your needs.

Check (long-term-care-insurance-cost.com/long-term-care-insurance-benefits) for more information.

Regards,
Mikel Parker.

Unless you die at a young age, most people will need and use this type of coverage. Therefore it is not really insurance. It's just a savings plan for the futue that allows insurance companies to syphon off a good percentage of the premiums. This is the same problem that exists with health insurance. It's not really insurance at all.