The simple answer to this question is no. When you purchase a home, you are not generally required to obtain a life insurance policy designed to pay the remaining balance on your mortgage in the event that you die before you have paid off your home. On the other hand, it is not unheard of […]
Archives for April 2015
Can Smokers Get Life Insurance?
Believe it or not, most people can get some form of life insurance. It isn’t quite as easy as getting health insurance these days, but then again, it isn’t mandatory. Still, you shouldn’t assume that life insurance is unavailable to you just because you have a preexisting condition or you’ve made unhealthy lifestyle choices. Certainly, […]
Who is Required to Sign Up for Obamacare?
The enactment of the Patient Protection and Affordable Care Act, also called simply the Affordable Care Act (ACA) or Obamacare, means that every American is now required to carry “minimum essential coverage” or possibly face fees at the end of each calendar year. However, this doesn’t necessarily mean you have to sign up for Obamacare. […]
Does Short-Term Health Insurance Cover Preexisting Conditions?
The most common health insurance policy is the comprehensive plan. Consumers pay an annual premium (or, more commonly, break it up into smaller payments throughout the year) and receive continuous and ongoing coverage. With the adoption of the Affordable Care Act (ACA), or Obamacare, into law, all Americans are now expected to carry “minimal essential […]
How Do Health Insurance Deductibles Work?
There are many factors to consider when selecting an appropriate health insurance policy. First you’ll have to become familiar with the many companies that provide health insurance. Then there are network options and coverage packages to consider. And the Affordable Care Act (ACA) has developed a healthcare marketplace to ensure coverage even for those that […]
How Does Obamacare Affect Seniors?
The Patient Protection and Affordable Care Act, more commonly known as the Affordable Care Act (ACA) or Obamacare, was designed to help uninsured Americans find the affordable access to healthcare that would allow them to take advantage of preventive services and receive the medical care that many people already enjoy. It not only provides health […]
What Are Health Insurance Premiums?
There are several out-of-pocket expenses you will have to pay in association with your health insurance policy. The first is your premium, or the cost required to purchase healthcare coverage. Your premium is the initial and ongoing price for securing a health insurance policy from an insurance provider. But how is your premium determined? Are […]
What Is Supplemental Health Insurance?
If you’ve had health insurance in the past, you are probably well aware of gaps in coverage, which can change depending on your insurance provider and policy. These gaps could include co-pays for office visits, emergency medical services, and prescriptions that your policy might not cover. It can sometimes feel like you’re paying for nothing […]
What Religions Are Exempt From Obamacare?
Although the Patient Protection and Affordable Care Act, or Obamacare, requires all Americans to carry personal health insurance or face annual penalties for noncompliance, there are a number of exemptions. The most common form of exemption is related to household income. Those individuals or families that meet criteria pertaining to low income will not be […]
Can Congress Defund Obamacare?
It’s no secret that several members of the Republican Party are in favor of defunding Obamacare. After repeatedly failing to repeal the Affordable Care Act (ACA), conservatives in Congress tried and failed to link defunding to a spending bill needed to avoid a government shutdown last year. But that was in a Congress that favored […]
