With summer around the corner, travellers are getting busy planning leisure vacations with their families. However when planning a vacation, it helps to be prepared for unexpected emergency situations. In most cases of cruises and expensive travel packages, it is necessary to pay a large money deposit upfront. In case of a cancellation, it gets difficult to get your money back, resulting in heavy losses. However with trip cancellation insurance, you can rest assured that you will be covered in all such situations.
Coverage
Cruises and vacation trips can be very expensive and will mean a loss of lot of money if you need to cancel your trip later. But with trip cancellation insurance, you can get coverage for an approved reason. The most common reason is a sickness or injury that prevents you from travelling. In such cases, you can file claims for the money you have spent on the trip that are not refunded by the airline, hotel etc.
Pre existing conditions
With all the insurance options available, it may be confusing to choose the right plan. People with pre existing conditions that cannot be covered by travel insurance can get better coverage with a trip cancellation plan. Remember, with trip cancellation insurance, you are ensuring against the financial risk of having to cancel your trip for certain reasons.
Travelling with a pre existing medical condition needs special coverage. If you or any of your family members have a pre existing condition and are booked on an expensive trip, you will want to protect your travel costs in case unexpected events may require you to cancel your trip. A pre existing condition is the one of the main reasons for travellers buying trip cancellation insurance. It allows travellers to cancel a tr...
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...llness or an injury because of a pre existing medical condition or if you were detained by customs at the airport and missed your flight. Most trip cancellation insurance plans have one or more exclusions related to pre existing conditions, so review them carefully to determine if they apply to your medical condition. Many plans have eligibility criteria related to some specific medical conditions, so check if you satisfy them before getting the right plan.
Remember, your trip is a significant investment. In case a medical emergency or an unexpected event prevents you from going on your trip, you may lose all of the money you paid for your trip. But with trip cancellation insurance, you are covered even when a situation interferes with your travel plans. For example, you cannot travel due to an illness or due to a medical emergency of an immediate family member.
The Affordable Care Act introduced a plan that would allow Americans with pre-existing conditions to obtain health insurance without the hassle of being turned down or fear of being charged higher premiums. The Pre-Existing Condition Insurance Plan was effective as of July 1, 2010. It allowed patient access to affordable healthcare in which they were previously denied due to their pre-existing condition (Affordable Care Act Summary, n.d.). Patients were required to be uninsured for at least six months before they obtained this form of health insurance. In January 2014, the PCIP plans no longer exist due to funding issues so Amer...
Her insurance has a five thousand dollar deductible, and after her deductible the plan covers only eighty percent of services, leaving her another twenty percent top pay out-of-pocket, so unless her family of four experiences a major medical event, she is left paying astounding out-of-pocket expenses, ultimately getting into hundreds of thousands of dollars out-of-pocket. So for her it does not seem like it is worth having the health insurance because of the amount she has to still pay out-of-pocket, for her she stated that it would be cheaper to just pay the penalty for not having any insurance at all.
Have you ever went without health insurance between jobs, or while working part time or because you just couldn?t afford it? No having health insurance is a big risk in a time where medical costs are sky high, Prescription drug prices are outrageous and when your paying your family doctor $50 for a office visit. Fifty dollars represents a full 8 hours of work for many Americans.
...reened out of insurance policies because of “pre-existing conditions”; 3) employers, feeling they cannot afford to continue to provide health insurance as a benefit, have either scaled back their benefits or eliminated them altogether by hiring part-time rather than full-time workers; 4) due to budget restrictions, the federal government and the states have tightened Medicaid eligibility criteria, typically too far below the official federal poverty level for most families to qualify; and 5) individuals have learned that they will be taken care of by providers, especially community hospitals, if they show up at the door, even if they can’t pay. Some low-risk people may avoid insurance altogether and assume they will be taken care of it ever need be. Most hospitals are legally obligated to accept these individuals once they entered the premises (Glick et al. 2004).
Insurance is as ancient as Babylon. The first policy dates back to 2100 B.C.; specifically, it is the Code of Hammurabi. A loan from a trader made certain his valuable cargo traveled safe from the harm of thieves or storms (Marples). The term changed drastically through the ages, and insurance is now a mess of premiums, tiers, and co-payments. It may most commonly be known as a negative number on a check stub that ensures health and safety. There exists not one company that covers everything on just one plan, but a step forward may change that.
As I begin to prepare for medical school interviews this upcoming fall, I have spent time briefly learning about the various healthcare systems of a few different countries. The book “The Healing of America” by T.R. Reid describes how insurance plans work around the world, and often compares these systems to the United States. While I have not finished the book yet, and the healthcare plan is always seems to be changing, it becomes hard to fully understand the system in the United States. In addition to understanding health insurance for my future interviews and career in the medical field, it was very beneficial to learn about my own insurance plan in the case of any emergency or choosing my own provider in the next few years.
Travel Insurance: Insurance is not required, but some cruisers have asked about it. There are a number of companies that offer insurance. For many years Sherry and I have gone with CSA Travel Protection. For us, they have gotten a little pricey. This year we went with Royal Caribbean. Call me and we’ll discuss.
One of Obamacare's main selling points during the health care reform debate was the need to establish insurance coverage to those with pre-existing conditions. Beginning 2014, Obamacare will implement a policy called "guaranteed issue" which prohibits insurance providers from excluding individuals with pre-existing medical conditions from coverage (Senger, 2013). Because this may cause incentive for people to wait until they become ill to perchance purchase insurance, Obamacare includes the "disliked individual" mandate which forces all Americans to purchase health insurance or face a penalty. Considering 1 out of every 2 Americans have a health condition that qualifies as a pre-existing condition, Obamacare doing away with pre-existing conditions is a huge deal.
The medical cost coverage depends on the insurance plan one buys which includes bronze, silver, gold, and, platinum levels, and the high the premium equaling larger benefits and more coverage of medical costs (Blumenthal & Collins, 2014). Since the ACA has passed the direct affect was the increase of insurance coverage resulting in the uninsured rate falling to 13.4% in May 2012 with more than 20 million more people covered (Blumenthal & Collins, 2014). Even though the uninsured rate is at the lowest in recent history it is important to consider that the ACA does not replace existing private and public coverage, it is not universal coverage but a stepping stone to better healthcare, and the ACA market place is only open for the previously
According to (Blumberg, Buettgenst and Holahan, 2016) “29.8 million people would lose their health insurance, more than doubling the people without health insurance, if the repeal were to pass through congress. 1.2 million jobs would be lost, not just in health care, but across the board”. 140 billion will be lost in federal funding for health care in the upcoming year (Ku, Steinmetz, Brantley, p.2). The repeal would not only overhaul Medicaid, but cut spending costs $772 billion over the next ten years, leaving twenty-four million Americans uninsured by 2021 (Jacobson, 2017). The possibility of insurance companies raising premiums or refusing to insure certain people due to their costly preexisting conditions, like they formerly could before Obamacare was enacted, is a potential threat. If the pre-existing conditions provision is repealed, 52 million Americans could be at risk of being denied coverage in the future (Jacobson, p.4). Trump’s repeal would impact Medicare as well by increasing premiums and payments for services, reverse efforts to fill Medicare Part D gaps, and ultimately end preventive services that are provided free to patients (Jacobson, 2017). Raised revenue from the ACA will also be lost if the law is
This type of coverage depends on whether you would pre pay and amortizes the cost of wellness visit over the year or save for annual routine expenses.
Car insurance is essentially vital and the repercussions of not getting car insurance become evident when you get into a car accident. If you have car insurance (comprehensive car insurance, third party, fire and theft insurance, or third party only insurance), your insurance will automatically cover any damage costs to the other person’s vehicle when you are
...es ought to be something you seize seriously. That is what condition insurance is all about — obscuring the expenses that come alongside stopping illness and staying healthy, and being ready for the worst that might happen.
According to the Health Insurance Association of America, health insurance is defined as "Coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment" [2]. Health insurance processing is one of the few complex processes that take place after visiting the provider. Applying for claims is carried out after pre authorization. Pre authorization is an integral part of utilization management.
The cruise line industry has been a major vacation destination for several years. However, in the more recent years the industry has seen a decline in passengers. The author wrote about a study about what passenger’s motivations are to take a cruise. He utilized 6 cruise lines over a 6 week time frame between the summer months of May to July in 2008. The criteria used consisted of: cruise itineraries, and the cruise experience. He states there are 3 aspects of tourist motivation, and utilized the 7 point Likert scale to measure and gather information. The scale measures vacation attributes, information sources, and information from the Leisure Motivation Scale. For the methodology a quantitative approach was used. A generic questionnaire was created to gather research information. The participants were 54% female and 46% male. They had various ethnicities, education levels, socio- economic backgrounds, and marital statuses. For the data collection a stratified technique was used. The sample group had 50 individuals and the overall sample continued 306 individuals. The analysis of the data was coded and input into worksheets. The final outcome of the study found that there are many reasons that motivate people to take cruises and most notable was what the spouse or the travel companion of the traveler wanted. The want of just taking a cruise was significant for first time cruisers. Websites. Comfort and accommodations were also noteworthy attributes.