Live Insurance News

Why are many people looking to long term care insurance again in 2024

January 11, 2024January 10, 2024 Nordstrom

Consumers have been drifting away from this costly coverage in recent years but are looking into it again. Long term care insurance is a type of coverage that many people have been abandoning in recent years due to the skyrocketing cost associated with keeping it up. That said, this year, consumers are starting to inquire about it once more, which many people hadn’t expected in the current economy. There are many reasons that consumers are wondering if this type of policy has value after all. Within the current economy, many…

Group health insurance is the top choice for over half of seniors

July 19, 2012July 19, 2012 Marc

This option beats out Medicare Supplemental coverage The most commonly purchased health insurance coverage for seniors are Medicare Advantage and Medicare Supplemental plans and Medicare Part D, but recent studies have shown that they would have preferred the group coverage they had through their employers. The Medicare plans provide seniors with protection against medical care costs. That said, over half of the participants of a recent survey stated that they felt that the coverage that they had been receiving through their employer was superior to the protection they had through…

How Much Money Will I Need to Retire Just for Health Care Costs?

May 13, 2012May 22, 2012 Julie Campbell

A 65-year old couple that intends to retire this year will need $240,000 for their medical expenses. An analysis released by Fidelity to answer the question “how much money will I need to retire just for health care costs?” has shown that a couple who is 65 years old and intends to begin retirement in 2012 will require approximately $240,000 to pay for the medical expenses they will incur over the rest of their lives, if they do not have employer-provided retiree coverage. This is an increase of 4 percent…

The answers to frequently asked questions about health insurance rate increases

January 22, 2012August 3, 2012 Julie Campbell

Many consumers are facing increases to the insurance premiums that they pay for health coverage every month, and as a result of this, several questions are arising. In response, the industry is working to make information more readily available to help to answer these questions. Some of the more common question include the following: • Does the health care reform overhaul prevent health insurance companies from making their typical annual rate increases? The answer is “no”. However, the health care reforms do force insurance companies to take certain steps to…

What can you do to reduce your health insurance premiums

January 21, 2012August 3, 2012 Nordstrom

homeowners Insurance Consumer Satisfaction

The continued struggle of the economy has forced the country to try to keep healthcare spending down, and has forced many Americans to put off medical care due to financial constraints, but there are some things that can be done to minimize the amount that they spend on health insurance without sacrificing their coverage altogether. Being an informed customer can be a very important step to making sure that you are getting the most coverage at the lowest possible price, and to ensure that you are protected for everything that…

Tips to save your money when purchasing health insurance coverage

January 8, 2012January 8, 2012 Nordstrom

With the start of the new year, many people have made resolutions to save more money, and in that effort, it is not uncommon to look over health insurance coverage to make sure that what has already been purchased or what will be purchased in the near future will include the best possible savings but with the coverage that makes the most sense to each individual. Use the following tips to help achieve this goal: • Do your homework and compare all of the different health plans available to you…

Report shows that West Virginia’s health insurance costs are rising dramatically

December 6, 2011December 6, 2011 Nordstrom

The Commonwealth Fund, a private foundation working to improve the health care system, has released a new report concerning the state of health insurance premiums in West Virginia. According to the report, premiums in the state have risen by 55% in the last decade, with deductibles jumping by 84% in the same amount of time. The report suggests that the state has the 14th highest premiums in the nation. This puts major financial stress on state residents as West Virginia is home to the lowest median income in the U.S.…