Posts Tagged ‘Insurance’

Where to get long term care insurance?

Question by Nightflyer: Where to get long term care insurance?
I’ve heard of some rip offs. What is a good company? Will some companies give part of the premium back to your family if you don’t use it…….just die? I’ve heard that and wondered if it’s true. Thanks

Best answer:

Answer by Stuart H
Most any large Insurance company that sell life and health insurance also sells long term care insurance.

Know better? Leave your own answer in the comments!

Insurance Companies paid PWC to ‘rig/tilt’ Health Reform Impact report – is this fair?

Question by sweet_emotion: Insurance Companies paid PWC to ‘rig/tilt’ Health Reform Impact report – is this fair?
Ins. Companies own the conservative congress & their mindless minions, the’ve bought FOX News, and now they have paid for false reports like the Wall Street Banks do. Why would they do this if they had truth on their side.

PricewaterhouseCoopers issued a puzzling statement today about the report they were commissioned to write by AHIP, the health insurance lobby, which showed through some questionable assumptions that insurance premiums would rise faster in the event of health care reform than from doing nothing. The statement could be essentially boiled down to, “don’t look at us!”

“The reform packages under consideration have other provisions that we have not included in this analysis. We have not estimated the impact of the new subsidies on the net insurance cost to households. Also, if other provisions in health care reform are successful in lowering costs over the long term, those improvements would offset some of the impacts we have estimated.”

In other words, AHIP made them do it and they didn’t look at any mitigating factors. That’s a pretty definitive backpedal, although you wonder, if this comes out 24 hours after the release of the report, why they took the obvious headache of a job in the first place. This adds to the notion that the AHIP report backfired to an astonishing degree.

Meanwhile, reform supporter and health care expert Jonathan Gruber from MIT posted his own analysis stating that the Finance Committee proposal would lower non-group premiums:

Sizeable premium savings for young. An individual aged 25 at ,000 in income (175% of poverty) would benefit from tax credits and would save, on average, 5. A higher income young person could always buy a “bronze” plan without tax credits for a savings of 0. Moreover, they could qualify for a catastrophic policy – also known as a “young invincible” policy. This policy would cost on average only 90, saving them 5 at all income levels.

Even larger premium savings for older individuals. A person age 60 with income at ,000 (175% of poverty) would save, on average, 90. A person at age 60 with income at ,600 (375% of poverty) would continue to benefit from tax credits and would save, on average, 00. Even at a high enough income level to not benefit from tax credits, older persons purchasing a bronze plan would save about 00.

Also large premium savings for a family. A family with income at ,000 (175% of poverty) would save, on average, 50. That same family with higher income could buy a “bronze” plan without tax credits at a savings of 30 over current non-group

Best answer:

Answer by Cigar that Bill Clinton Sniffs
yes

Give your answer to this question below!