Ads 468x60px

Featured Posts

Tuesday, February 21, 2012

Most Common Reasons for Not Having Health Insurance in United States

There is an old saying “Health is wealth” which is hundred percent correct. Until you won’t be having good health you cant work and cant earn. As a healthy body bears a healthy mind and when mind will be healthy you will be able to asses the circumstances and can make wise decisions.  That will have good impact on your financial life that depends on your health.

It’s better to have health insurance in order to coup any future health problems. Because those can put heavy burden o your pocket. But in United States there are large numbers of people who are living without health insurance. These numbers are increasing day by day due of economic conditions.

There are several reasons that large number of people in United States is not having health insurance.

The reasons are:

1. High Monthly Premiums

High monthly premiums are one of the most common reasons for not having health insurance in America. People usually don’t opt to get health insurance in order to save money for their other expenses.

As the economy is going down and majority of people is facing debt problems. So that makes it hard for them to get the health insurance policy.

2. Losing a Job

Second most common reason is losing the job. When people will lose their jobs it will become hard for them to pay high monthly premiums for health insurance. After losing a job a person always looks first to take care of basic needs. When there wont be enough monthly how a person will pay his/her health insurance monthly premiums.

3. Employers Don’t Offer Health Insurance

Though not all employers do that but there are many employers who don’t offer health insurance. Getting health insurance individually in order to secure the family regarding health matters is so much expensive. A low income worker cannot afford that if the employer is not offering the health insurance to its workers.

4. Young Adults

There are large numbers of young adults who don’t have the health insurance policy. It’s because when they got adult they got out of the parents health insurance policy. Now they can’t get health insurance by themselves until they won’t get the well paying job!

Consequences of Not Health Insurance

Consequences of not having health insurance can be dreadful. Because people will not go to doctors when they will get sick and it can increase death rate in United States.  It’s because without health insurance it’s hard for people to afford doctors and medical treatment.

Healthy nation means more progress and development. There should have to be some serious plan of action regarding health insurance. So the common people can get at least basic coverage.

Sunday, January 29, 2012

Top 5 Insurance Companies of United States

Insurance companies are having pretty much similar mechanism of providing different insurance policies all around the world. An insurance policy’s basic purpose is to protect your future losses whether those are in your business or in personal life!  Business of insurance companies is to sell different type of insurance policies. The people who buy these policies after buying pay premiums and sign a contract.

If any mishap happen to the client then it’s obligatory for the insurance company to provide the coverage.

There are so many insurance providing companies in United States but we had compiled a list of top rated insurance providing companies in United States. This list is compiled according to the services which different insurance companies provide to their customers. It’s not on the basis of premium rates!

Here are the top rated insurance companies of United States:

1. The Hartford

The Hartford is an old insurance providing company with and excellent track record. This insurance providing company had maintained a very good financial standing through out its history. This is the reason that they provide excellent coverage to their clients. The insurance policies which this company offers are:

  • Auto insurance
  • Property insurance
  • Identity theft insurance
  • Umbrella insurance

The Hartford had observed the biggest disasters like civil war, Chicago Fire, San Francisco Fire, Earthquake in the history of United States. It had settled all the claims in best manner.

2. Allstate

Though some controversial things about this company but still its rated as number two. There were some problems regarding company’s claim settlements and it was protested against. If you tend to purchase insurance policy from this company then read the terms & conditions of the policy carefully! This company wide range of insurance policies from auto, life, home insurance to commercial insurance.

3. MetLife

The most sensitive and risky insurance policies are life and health insurance. Because both are unpredictable and company who provide these is always doing a critical deal. But MetLife insurance providing company haves excellent track record regarding health and life insurance policies.

MetLife insurance company is doing insurance business worldwide. And its global presence and good financial position makes it one of the top insurance companies of United States.

4. GMAC Insurance

GMAC insurance company is one of the world’s oldest auto insurance companies. This company was started in 1939. This company haves the privilege to insure oldest cars of the world.  GMAC insurance company is the perfect insurance company for your automobile. GMAC insurance company is top auto insurance company in United States.

5. State Farm Insurance

State Farm Insurance Company is a top company in United States and also in Canada for providing property insurance policies. This company was established in 1922. If you are having large property then you will get so many great deals from this company. State Farm Insurance Company provides policies not only for disasters coverage but also for small property damages. They are having wide range of indemnity contracts that they provide to their clients.