Monthly Archives: March 2017

Health Insurance and Life Insurance

Five ways to lower your prescription cost even if you do not have health insurance or your Rx coverage is limited.

Plenty of people are without health coverage and many people have tried to reduce their insurance premiums by purchasing a medical plan with reduced or even lacking prescription coverage. This has transferred some or even all of the cost of prescription medication back onto the consumer. Here are five ways to help with those costs.

The first thing to find out is weather there is a good discount card available in your area.
Some of these cards are very inexpensive or even free.
Washington State has designed a free RX plan (Washington Prescription Drug Program) that will help reduce prescription cost for everyone in that state. If you live in an alternative state check with you State Insurance Commissioner to see if you have an alternative plan. Here is what you can expect.

In Washington State you can find the following benefits.
* The program is FREE!
* The average member saves $ 25.34 — or 43 percent– per prescription
* Everyone in Washington is eligible to join
* No income restriction
* No age restriction
* All drugs are eligible for discounts
* Phone access to a pharmacist is available during regular business hours
* Large network of participating retail pharmacies statewide (500+)
* Free mail order service available
Who can benefit from the WPDP discount card?
* Washington State residents
* People who have a high-deductible health plan such as a Health Savings Account (HSA) may be able to use the WPDP discount card when paying down the deductible (check with your HSA plan for details)
* People who have no insurance coverage
* People who have medical coverage but no prescription drug benefit
* People who have prescription drug coverage through their employer, but it does not cover the drug they need

There are plenty of other ways to save on prescription cost no mater where you live.
Do your homework and be an informed consumer.
Not all pharmacies charge the same price for the same prescription. Some pharmacies have their own frequent shopper discount card. Look into licensed mail order services who allow you to buy three months at a time and will pass on the savings to you. I can not advise buying over the internet if not from well known drug store outlets. Know who you are dealing with if you use the internet as there are no safeguards. Check with laws and regulations if you buy from Canada or foreign countries. You might not be getting what you think you bought and it might be against the law.

Generic drugs cost less.
Talk to your doctor to see if there is a generic equivalent for your prescription. Many brand name drugs have equally safe effective generic alternatives. Sometimes you will need to take two different generic drugs to make up the component of one brand name drug and the price will still be lower.

Brand name drug companies can help as well.
If you qualify and are willing to fill out some income evaluating forms many pharmaceutical companies will provide discount or even give coupons for free prescriptions to low income consumers. Ask you doctor or pharmacist. Google the name of the drug company or brand name of the drug on the internet to see if they list any financial aid programs on their web pages.

Understand your drug benefit within your own insurance policy.
Insurance companies communicate better these days. They have very good booklets or sections of your policy in real English to help you take advantage of your current benefits. Locate your insurance company’s webpage. You can even call the customer service department of your plan and talk over your options.

The most important thing to learn from these sources is your insurance policy’s drug formulary system. This will tell you if your drugs are covered or not and at what level. Those that are covered can fall into three or four tiers. Each tier is paid at a different rate. The first tier has the best compensation the third and forth the least. If your drug is not on the list at all, talk to your insurance company and make an appeal to get it on. Maybe it can be covered as a special case. This sometimes happens if you can show that no alternative drug will work and that it is not experimental. It will take some homework and extra documentation from your doctor but it could be the difference from having part of it paid for by your insurance or paying for it totally on your own.

We can break down the tier system as follows.
The best tier or level one gives the most coverage with the smallest co-pay or maybe even no co-pay. This is where we find the generic drugs and a few brand name drugs. Insurance companies are trying to hold cost down by giving preferential treatment to this category. It becomes a partnership between the consumer and the insurance company. The consumer benefits through lower premiums with this design.

The next tier with a higher co-pay will include a few more brand name, patented drugs. Not all brand name drugs for the same prescription will be included in this tier. The insurance company will have done it’s market research and only listed the lowest price brands again in an effort to hold down cost but not at the expense of reduced benefits. The goal for the insurance company is to give incentives to drugs that cost less yet still do the medically necessary job for the most people.

The lowest tiers include more brand name, patented drugs the company feels the consumers are interested but do not get any discounts. They are in the formulary list so are covered but at the lowest level with the highest co-pay. The insurance company normally feels there are lower cost effective alternatives but know these are popular drugs so will at least have then on the list.

You can see there are a number of ways to try to reduce your prescription expenses. Not all will apply to each individual. One thing to keep in mind is that the market is in a flux so keep your notes from your homework and repeat the steps every once in a while as things can change.

Louis Hammer has helped people with health insurance needs for over 25 years.
Health, Long Term Care, Medicare Supplement, and Life Insurance are the main focus of his virtual insurance web site.


More Student Insurance Articles

Life and Health Insurance License Exam Cram


  • Author: Bisys Educational Services
  • Binding: Paperback
  • Brand: Not Available (NA)
  • EAN: 9780789732606
  • EAN List: 0029236732608; 9780789732606
  • Edition: 1
  • ISBN: 0789732602
  • Is Eligible For Trade In: 1
  • Item Dimensions: Height: 900; Length: 600; Weight: 184; Width: 160
  • Label: Pearson IT Certification
  • Manufacturer: Pearson IT Certification
  • MPN: illustrations
  • Number Of Items: 1
  • Number Of Pages: 600
  • Package Dimensions: Height: 150; Length: 890; Weight: 185; Width: 600
  • Package Quantity: 1
  • Part Number: illustrations
  • Product Group: Book
  • Product Type Name: ABIS_BOOK
  • Publication Date: 2004-12-13
  • Publisher: Pearson IT Certification
  • Studio: Pearson IT Certification
  • Title: Life and Health Insurance License Exam Cram
  • Trade In Value: Amount: 863; Currency Code: USD; Formatted Price: $8.63
  • UPC: 029236732608
  • UPC List: UPC List Element: 029236732608

Has Your Identity Been Stolen? Let Your Homeowners Insurance Help You Pick Up the Pieces

It seems like you can’t even turn around these days without hearing another story about how someone else has been the victim of identity theft…or could have been the victim of identity theft…or was almost the victim of identity theft but managed to nip it in the bud. Identity theft is the word on the tip of people’s tongues today when they’re talking about their personal security. Unfortunately, it’s a lot more than a buzz. It’s a very serious (and potentially very expensive) threat that everyone has to be prepared for.

The good news is, if you do find yourself the victim of identity theft your homeowners insurance could be standing by waiting to help you pick up the pieces.

No, your homeowners insurance isn’t going to be able to do a whole lot to help you work things out with your creditors if you owe money as a result of someone ripping off your identity. You’re on your own there. The good news is, most creditors are already knowledgeable in the ins and outs of identity theft and are standing by waiting to help you reclaim your identity-usually with very minimal damage to your checkbook. (The average victim of identity theft usually pays only $ 50 or less per creditor to settle false identity claims.)

The catch is, how many government agencies and credit companies do you know that regularly do business on weekends and evenings? Few to none? Yep, unfortunately, most of the agencies you’re going to have to work with to reclaim your identity keep banker’s hours, which is great news for the people they’ve got working for them but doesn’t work out so well for you! Studies show that while you may only pay $ 50 to settle your claims, you’re going to miss an average of 172 hours of work going to offices, filling out paperwork and making phone calls to do it.

That’s almost an entire month’s paycheck. Can you afford to live with no income for an entire month? Even if your vacation time covers it, don’t you have something better to do with that? If not, we can give you a few suggestions!

Your homeowners insurance company can step in and help you reclaim your lost wages under your identity theft protection insurance (which may or may not be a standard part of your coverage policy-you may find you have to pay a little extra each year, although it’s still far less than you’ll lose in wages). They’ll also help you pay for any long distance phone calls and postage, since those can get fairly pricey, fairly quickly.

Then there’s the lawyer.

There’s no limits to the amount of damage a person can do if they steal your identity. You may find yourself in need of legal assistance to help you straighten things out-and a good lawyer doesn’t come cheap! Your homeowners insurance will help cover the cost of your legal expenses so you can get your life back-as soon as possible.

Tony Peck is the Senior Project Manager at To learn more about homeowners insurance and identity theft, visit them on the web at

Full Voyage RFID Blocking Slim Wallet FV08 with Window for ID Badge, 7 Card Holder Slots - 270-Degree Zipper - Black Leather


  • Binding: Office Product
  • Brand: FULL VOYAGE
  • Color: Black
  • EAN: 0015568027918
  • EAN List: EAN List Element: 0015568027918
  • Item Dimensions: Height: 110; Length: 528; Weight: 5; Width: 402
  • Label: FULL VOYAGE
  • Manufacturer: FULL VOYAGE
  • Model: 19283
  • MPN: fv08wallet
  • Package Dimensions: Height: 110; Length: 528; Weight: 5; Width: 402
  • Package Quantity: 1
  • Part Number: fv08wallet
  • Product Group: Office Product
  • Product Type Name: OFFICE_PRODUCTS
  • Publisher: FULL VOYAGE
  • Studio: FULL VOYAGE
  • Title: Full Voyage RFID Blocking Slim Wallet FV08 with Window for ID Badge, 7 Card Holder Slots - 270-Degree Zipper - Black Leather
  • UPC: 015568027918
  • UPC List: UPC List Element: 015568027918

Different Types Of Life Insurance

Universal Life Insurance

Universal life insurance is a variation of whole life insurance. It is a blend of term insurance and a savings account. It earns interest at a money market rate, the policy holder paying an annual fee for coverage, which includes a fee for managing the policy. Funds not used for paying the life insurance earn a tax deferred interest.

With a universal life insurance policy, the premium can fluctuate. The policy holder decides how much to devote toward insurance and how much toward savings. The face amount of the policy can be changed as well as the amount of premium payments and how often they are paid. However, the insured must make certain their savings are large enough to cover the monthly premiums for the insurance as well as the policy expenses. If the savings are not sufficient enough, the monthly charges will consume the cash value and the policy will be of no value.

Universal life insurance offers two options. The first option is keeping the death benefits the same from year to year if the policy holder does not request any changes. The second option is having the death benefit at any time stay equal to the original face value in addition to the policy’s cash worth.

Universal life insurance can often give an elevated interest rate when inflation rises, even if the insuring company guarantees a low rate. Because of this risk, premiums are lower for whole life insurance but pricier for term insurance for younger individuals. In addition, when the price for managing the policy is added to the premium, the policy holder will receive a lower return on their investment. It is crucial to keep in mind that changes in interest rates will affect both a policy holder’s yields and premiums.

Variable Life Insurance

Variable life insurance is a type of permanent life insurance that allows the holder to target their premium to one or more detached investment funds. These funds can be fixed income investments, stocks, bonds, or money market funds. Depending on the company policy, the holder can change their investments from two to five times annually. Unlike universal life insurance, with variable life insurance the insured can manage the investment of their cash value.

The policy, however, can be risky because the investment has the ability to rise or fall. The cash value and investment will differ, depending on what the investment fund does. The death benefit cannot fall below the total amount of life insurance primarily purchased. As with traditional whole life insurance, the policy holder pays fixed premiums and can borrow against the policy at either fixed or variable rates.

Because an individual decides where to invest their money and put themselves at risk, variable life insurance should be considered. Insurers must, by law, offer variable life insurance by prospectus. A prospectus is a document that gives the prospective policy holder important facts concerning the company and the policy. Variable life insurance can often cost more than other varieties of cash value life insurance. According to current laws the cash value of variable life insurance, similar to those of universal life insurance and whole life insurance, cannot be taxed until the policy holder cashes in their policy.

Universal Variable Life Insurance

Universal variable life insurance is also commonly referred to as flexible premium variable life insurance. This kind of policy combines the flexible features found in universal life insurance policies and the investment alternatives of variable life insurance. As with universal life insurance, the policy holder can choose to raise or lower their premiums in a single policy. As with variable life insurance, individuals have the right to decide how their cash worth will be invested.

The insurance company does not have to make any kind of guarantee on the policy holder’s cash value. With universal variable life insurance, the value of the cash fund is in direct relation to the market worth of the assets in the cash worth fund. Therefore, a policy holder could have $ 15,000 in net cash worth one day and $ 10,000 on the following day, dependent on market fluctuation. Thus, one of the central problems with universal variable life insurance is that the policy holder can lose their insurance coverage.

Adjustable Life Insurance

Adjustable life insurance is another variety of permanent protection that allows the policy holder to change the amount of their premiums. They can also increase or decrease the face amount of the policy, or lessen the protection period. If the policy holder increases the death benefit, they must prove that they are still in fact insurable.

Sarah Martin is a freelance writer specializing in home improvement, life insurance, and education. For more information on life insurance policies or for a free quote, please visit

10 Different Types of Insurance Policies: Making Your Life Easier, Comfortable, Risk Free and More Confident


  • Author: Marc J. Eliot
  • Binding: Paperback
  • EAN: 9781517081362
  • EAN List: EAN List Element: 9781517081362
  • ISBN: 151708136X
  • Item Dimensions: Height: 900; Length: 600; Width: 9
  • Label: CreateSpace Independent Publishing Platform
  • Manufacturer: CreateSpace Independent Publishing Platform
  • Number Of Pages: 36
  • Package Dimensions: Height: 9; Length: 900; Weight: 23; Width: 600
  • Product Group: Book
  • Product Type Name: ABIS_BOOK
  • Publication Date: 2015-08-28
  • Publisher: CreateSpace Independent Publishing Platform
  • Studio: CreateSpace Independent Publishing Platform
  • Title: 10 Different Types of Insurance Policies: Making Your Life Easier, Comfortable, Risk Free and More Confident

Getting Around Pre-existing Conditions When it Comes to Texas Health Insurance

Having a pre-existing condition can make getting health insurance in Texas very complicated. Unfortunately, some companies will not give you insurance at all if you have a pre-existing condition. Even if you are lucky enough to get the insurance, you will get it at a much higher rate and with a higher deductible because you are considered to be high risk.

Fortunately, there is an answer for people with pre-existing conditions that need health insurance in Texas. The answer is the Texas Health Insurance Risk Pool, aka the Texas Health Pool, which provides health insurance in Texas for people who might not otherwise be able to qualify. They are a godsend for people who have a pre-existing condition.

There is, unfortunately, a downside to this type of health insurance alternative and that is that it costs twice as much as normal insurance for a couple of reasons. The first is due to the limited number of resources of this type that are available. And the second reason is that people with pre-existing conditions are otherwise uninsurable so the Texas Health Pool has a corner on this market. For people without any other viable alternative for health insurance in Texas this is the best and sometimes their only available option.

The Texas Health Insurance Risk Pool insurance can be used to cover doctor’s visits, hospital stays and prescription drug costs. Serious mental health problems can also be covered by this type of health insurance in Texas. The one thing that is covered by most insurance companies that is not covered by the pool is help for chemical dependency issues.

There are guidelines issued by the federal government that dictate who is eligible for this type health insurance coverage in Texas. Another requirement is that your application for health insurance with another insurance company must have been denied due to your pre-existing condition and you will have to produce documentation to prove this when you apply.

Dependents of people who are covered with health insurance in Texas by Texas Health Pool may also be eligible for this type of insurance coverage. There are also certain types of medical conditions that will automatically qualify you for coverage in the pool. You will need to provide documentation from a health insurance agency that would prove your inability to get coverage through the traditional insurance companies.

A person with a pre-existing condition needs health insurance in Texas more than anyone else and not being able to get it can be frustrating. Fortunately, there is something that can be done. Everyone needs and deserves to have proper health care for a reasonable cost. It is essential that states, like Texas, have programs like the Texas insurance pool in place to allow people with pre-existing conditions to get the quality health care they need and deserve. The implementation of the Texas Health Insurance Risk Pool is likely one of the most significant improvements in Texas, at least as far as health insurance for people with serious needs is concerned.

This article about Texas Health Insurance is brought to you by Texas Health and Jordan FeRoss. You need to check out their new website: Health Insurance in Texas for neat hints on health insurance!

Well-Protected Travelling Ensured by Travel Insurance for Visa

The Schengen region is a group of 26 countries in Europe. These are those countries that have signed the Schengen Treaty that was framed in the month of June in 1985 to stave off the border controls and checkpoints. Even though there are several requirements as is the case with any other visa, Schengen visa has indeed made travel a lot more simple affair to the Schengen member states in the past two decades.

Before you proceed to file the application for Schengen visa, you need to know the right category of Schengen visa you need to apply for. Basically, there are four categories of Schengen Visa. Category A visa is an airport transit visa that allows the traveler transfer or an overnight stay during the international travel. Category B visa is also a transit visa but with a validity of five days, thus permitting the visa-holder to travel between two non-Schengen states while transiting through the Schengen area. Category C visa is a short stay visa approving the holder a stay of maximum of 90 days in a 180-day period. You are allowed several trips on this visa within the 180-day period but you cannot immigrate to the Schengen state on this visa. Category D visa is like an extension of the Category C visa that allows you to visit the Schengen area and if you are able to obtain the residency of a Schengen nation in five days, then you can stay in that particular nation before leaving for other Schengen nations.

Here is what you need to do to get the Schengen visa. After deciding the category of the Schengen visa, you also must decide your main destination and you need to apply for visa at the embassy of that specific Schengen country. If you need to visit a number of destinations in the Schengen precinct, then determine the country that would be your first destination and apply for visa accordingly. You need to submit a valid travel document with a minimum validity of six months and two passport photographs with the filled out Schengen visa application form. Travel insurance for visa that provides medical coverage of a minimum level of €30,000 is another major document to be provided. The applicable Schengen embassy may also ask for the evidence of adequate financial resources for your trip and other documents that you need to present.

At the time of planning a trip to a Schengen country of Europe, often, a lot of people are uncertain about whether they require Schengen visa or not to enter that country. The nationals of the countries which are enlisted below need to obtain Schengen visa which allows them to enter any of the member countries of the Schengen area.

Author of this article is an eminent insurer providing an array of Travel insurance for visa plans as well travel insurance plans for other countries in the world. It is to be taken care of that if you are applying for the Category A visa, then the submission of the comprehensive or the cheap europe travel insurance policy is not required.