Best Health Insurance for 2015

Finding the best health insurance for 2015 is crucial to every consumer’s well-being. Consumers will want to take the time to compare policies and read the material in the fine lines that determine different features and coverage. The following is some advice for elements to look for in an insurance policy:

Special Services

The first step a person should take before choosing an insurance policy is creating a list of the services that he or she needs. Obviously, the person will need to visit the doctor when he or she feels ill. However, some policies cover special services that other policies do not cover. The person will want to create a list of necessary special services such as emergency room care, rehabilitation services, mental health assistance, immunizations, preventive care, prenatal care and so on. The consumer will want to check with several providers to see if they offer such services. Additionally, he or she will want to read the guidelines and requirements for each of the services.

Monthly Premium

The second most important aspect of health insurance is the monthly premium. Monthly premiums can be as low as $50 a month or as high as $600 a month. The amount of the premium depends on the number of covered individuals and other factors such as the deductible, which is another important figure in finding the best health insurance policy. The shopper will want to choose a plan that fits perfectly into his or her budget.

Deductible

A deductible is a monetary amount that a covered individual must pay before the insurance company makes any payments toward the services. A deductible may be as low as $50 or as high as $2,500 and beyond. A low deductible is every person’s desire. However, a consumer may need to choose a policy with a high deductible just to have a low premium or vice versa. Budgeting and financial planning play a significant role in a person’s health insurance choices.

Copays

A copay is a covered person’s contribution to the treatment. For example, a covered person may have to pay the first $10 for a prescription, and the insurance company will cover the rest. A person may have to pay the first $20 for a doctor’s visit or the first $75 of a hospital stay.

Network Size and Stipulations

A person who is shopping for health insurance will want to obtain knowledge on the different types of policies. An HMO or health maintenance organization plan has benefits and disadvantages. The benefit of such plans is that they carry low copays and deductibles. An HMO will usually offer such features as preventive services and routine checkups. The downside of an HMO plan is that the covered party can only receive care from network providers. Additionally, visits to the specialists often require referrals.

A PPO or preferred provider network plan is a little more flexible than an HMO plan is. In other words, the covered person can receive help from an out-of-network provider. However, the copays and deductibles may change in such a case.
POS or point of service insurance is similar to an HMO, but a person can use it as PPO, as well. The option to see out-of-network providers is available for an extra charge.

An indemnity plan is special plan that offers covered persons a discount on services that they receive. They can visit any provider they would like to visit, and the discount remains the same. Some people refer to indemnity plans as fee-for-service plans. Many consumers prefer these plans because of the freedom they have for healthcare providers.

Which Option Is Best for Whom?

The best health insurance plan will be different from one person to the next because of personal needs and situations. For example, a person who frequently moves may want to obtain an indemnity plan because of the flexibility. A person who has a limited income will want to choose an HMO because of the low premiums. An individual with an existing condition will want to select an HMO or PPO policy through the government market via the Affordable Care Act. The person could obtain an insurance policy through an employer, as well. Persons with children will want to choose plans that offer immunizations and preventive services (HMO). A thorough self-assessment is required before an individual can choose “the best” health insurance plan.

A broker can help a consumer to find an insurance plan, as well. A broker is a neutral party that earns a living by connecting people with “the best” insurance companies for their needs. Some of the top health insurance providers for 2015 are Aetna, CIGNA, Blue Cross, United Healthcare, Human, United and Allied Coverage. An interested consumer can begin with that list and start researching each provider for options that match his or her needs. Alternatively, he or she can request that the broker do such.

Best Car Insurance for 2015

If you drive a vehicle you know the importance of having adequate car insurance. Selecting the right company for your car insurance needs, will save you valuable time and effort. The following companies have the highest customer satisfaction ratings. These ratings are based on; overall rating, claims processing, customer recommendation, coverage options, and financial strengths. Read on to find the company that is right for you.

USAA

Founded in 1922 United Service Automobile Association (USAA), began as an insurance company that offered insurance to army personnel. Over ninety years later, USAA offers automobile insurance coverage for enlisted military personnel, spouses, widows and widowers of military personnel, and their children in both the United States and Europe. USAA has an A++ rating, with a 95% customer retention rate. If you are an active military personnel, or have an honorable discharge, USAA can meet your car insurance needs.

State Farm

Popular for coining the “good neighbor” slogan, State Farm has been providing car insurance since 1922. Originally formed to provide auto insurance to farmers in rural areas and small towns in Illinois, State Farm now has 18,000 agents serving customers in the U.S. and Canada. Headquartered in Bloomington, Illinois, State Farm instituted one of the first discount programs to students who received good grades in school. State Farm has an A++ rating with a 93% customer retention rate.

Farmer’s

Farmer’s insurance was originally formed to provide insurance for farmers and ranchers. Today Farmer’s insurance customers base spans across the United States. Farmer’s insurance was the first insurance company to offer a discount for hybrid and alternative fuel vehicles. Farmer’s has an A rating with 89% of its customers planning to renew their policies.

Geico

Geico was founded in 1936 as the Government Employees Insurance Company. The founders primarily targeted federally employees and military officers. Today, Geico has more than 11 million policy holders nationwide. Most famously known for the talking geico, and cave man, Geico insurance is one of the most recognized insurance companies. Geico has an A++ rating with 92% policy renewal rate.

Nationwide

The “on your side” company originated in 1925 out of Columbus Ohio. Its whopping 40 story headquarter building is the single largest office building in central Ohio. Nationwide was the first insurance company to offer discounts to its customers who completed a driver safety course. Nationwide implemented incentives for customers who wear seat belts. Nationwide has an A+ rating, with 76% of its customers willing to recommend the company to someone else.

Liberty Mutual

Liberty Mutual started in 1912. Liberty Mutual created safe-driving manuals for high schools, a practice that is still being instituted today. Liberty Mutual is the sixth-largest auto insurer in the United States. Liberty Mutual continues to provide special auto insurance coverage for teacher’s vehicles, personal teaching and school owned vehicles. Liberty Mutual has an A rating with 4 1/2 stars for customer service.

Allstate

All State is ranked on the Fortune 500 list of largest companies in the United States. Allstate’s slogan, “You’re In Good Hands With Allstate” is well known across the United States. Allstate offers discounts according to your age, driving record, where you live, and your vehicle’s safety features. Allstate is rated A+ and has 5 stars for value for the price.

American Family Insurance

With over 80 years in existence, American Family Insurance has over 3,500 agents in over 19 states. Located in Madison, Wisconsin, American Family Insurance is the fourth largest insurer, consisting of 10 companies totaling over 17.3 billion dollars in assets. American Family Insurance is a mutual company since its customers are its owners. Similar to Allstate, American Family Insurance offers discounts according to age, driving record, where you live and your vehicle safety features. American Family Insurance, has an A rating with an 88% customer retention rate.

Progressive

Progressive is an insurance company known for several firsts. The leading feature that differentiates Progressive from other insurance companies is its all inclusive coverage policy. Progressive offers coverage to drivers of all types, including those considered high risk. Progressive also provides response vehicles to their customers to render services. Progressive also has a concierge service that assists customers in finding vehicles and financing for those vehicles. Progressive offers discounts for buying policies on-line and for purchasing more than one policy. Progressive has and A+ rating with five stars for value for the price.

Travelers

Travelers insurance was created in the mid 1800’s from the merge of two companies. Travelers got its name because it initially insured travelers who used the risky travel of trains and steamboats. Today Travelers insurance is not only limited to travelers, but covers drivers of all kinds. Travelers offers discounts for safe driving records, low mileage, payment of policy in full, good students and driver training. Similar to other leading insurance companies, Travelers offers discounts for the safety features of your car. Drivers of hybrid vehicles also receive a 10% discount. Travelers has an A++ rating with 90% policy renewal rate.

There are times when a substitution can be just as beneficial as the name brand. When considering which company to use for car insurance, choosing the best one should always be your goal. The companies listed abovehave a proven track record for satisfying customers, while providing a highquality ofinsurance benefits for its customers. Regardless of the company you choose, selecting one of the best will give you peace of mind, that your car will be covered by a company with millions of satisfied customers.