Facts & Articles On The Different Types Of Insurance

Individual Health Insurance Premiums Decline at MedSave.com

(PRWEB) January 23, 2008 -- MedSave.com announced this week that the average cost of health insurance issued on its Web site in 2007 declined for the first time since the site's inception in 1997. After a decade of sharp health insurance price increases, it appears that consumer spending on health care may be flattening, according to MedSave.com management. MedSave.com is a leading online enrollment support service for low cost individual health insurance operating in all 50 states. Average cost data was calculated for 482 enrollments in about 35 health plans where information was readily available. The average cost of individual coverage dropped 6.4% to $74.67 per month. No data is available on family coverage. MedSave.com specializes in limited benefit low cost health insurance and does not have access to data across the entire health insurance industry.

Kim Morris, client services manager at MedSave.com, feels that there are several reasons for this change:

- Health Savings Accounts that require high deductible insurance are growing in popularity.

- Applicants are more willing to accept high policy deductibles regardless of HSA status.

- Low cost limited benefit plans are now more widely available.

- Younger applicants under age 30 may not be aware of differences in insurance coverage and tend to opt for the least expensive insurance.

These findings appear to be consistent with other national trends. A recently published report by the Kaiser Family Foundation Commission found that group health insurance premiums had risen at the slowest pace in eight years and that 2007 was the fourth consecutive year of decelerating health care inflation. It is generally believed that group insurance premiums rise more quickly than individual insurance rates because more benefits are required by more stringent state regulation. In a separate study, the same commission found that Medicaid enrollments had declined in 2007. We expect announcements in the future that the overall number of Americans without health insurance has leveled off or declined.

These findings may indicate that the push toward consumer driven health care, better consumer access to information on the Internet and the restraint of additional state regulation of individual health insurance may be working to make health insurance more affordable for a larger portion of Americans. Federal law known as HIPAA ensures that all Americans have access to health insurance but no provisions were included in this legislation to ensure that the coverage is affordable. Major medical insurance is still unaffordable to many people. Yet the numbers of uninsured Americans and Medicaid applicants both declined in 2007 for the first time in more than a decade. The rate of health care inflation slowed to its slowest pace in eight years. Part of the reason for these favorable trends is the use of new low cost health insurance plans.

The most popular health insurance plans for 2008 offer a limited level of benefits at a more affordable price. Coverage is available to most applicants without regard to medical history but some exclusionary provisions still exist. Most low cost health insurance limits the coverage for pre-existing conditions for a short period of time, but better state-sponsored insurance options are now available for those with more costly chronic medical issues who are not candidates for low cost insurance plans. While not all states have approved the new types of low cost/limited benefit insurance plans, most Americans now have more affordable choices than were available in other recent years. The greatest immediate risk is that consumers may misunderstand the new coverage provided by the low cost insurance plans, presuming these are the same as full major medical plans of past generations.

This trend may have significant implications on the 2008 Presidential election. With health care inflation and the number of uninsured Americans declining, the drive for health care reform may take a back seat to other national issues. These findings along with other industry trends and observations are published in an article titled "Affordable Health Insurance for 2008" at http://medsave.com/articles/Affordable-Health-Insurance-for-2008.htm.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Term Life Insurance | Health-Insurance Its Benefits For A Normal Person
Health insurance is something that most people don't think about very often and yet it is something that when comes foremost to mind when a loved one is sick Health Insurance coverage varies across the world, even across the different states in the United States of America

Term Life Insurance | Points To Consider Before Taking A Term Life Insurance Cover
Term life insurance is an insurance which takes care of your loved ones or your near ones after your death It takes care of your financial mess that you may have created and for which your family may have to suffer after your death

e-Quote Car Insurance Now Provides Comparison Shopping for Home, Health & Life Insurance
In addition to receiving free car insurance quotes, users can now compare rates from the nation's leading insurance agencies on home, health and life insurance plans.

Term Life Insurance | Term Life Insurance-helping You In Times Of Need
Now days many companies are offering many different life insurance programs, but why is it that term life insurance is the most sought after insurance policy The answer is simple that term life insurance is the most easiest and simple life insurance plan

Term Life Insurance | Things To Consider When Buying A Term Life Insurance Policy
When a person decides to take a life insurance policy, there are many questions which come to his mind That is "What is a term life insurance policy

Senior citizen term life insurance rates: types of term life insurance
Senior citizen term life insurance should be better option for you if you decide to get a term life insurance but before go for any term life insurance the first step should be to take care about the plan and other things which you are going to face in future. There are four types of term life insurance now further in that article we will discuss about these four types of term life insurance.

Term Life Insurance | Buying Term Life Insurance
In today?s world every person works hard to lead a comfortable and secure life for himself and for his loved ones And if you are the person who is the only earning member in the family and who also provides a major portion of your family's income with which they cannot survive, then it becomes very important that you purchase any of the life insurance policy

Term Life Insurance Vs Bank Mortgage Insurance
Possibly most people today are aware of the great difference between term life insurance and bank mortgage insurance. People know that the bank owns the insurance (you don't) you have to pay for it (they don't) they are the beneficiary (your heirs are not) and it goes on and on.

Term Life Insurance | Term Life Insurance Policy A Must For Everyone
Today everyone needs to think about his or her life What if something will happen to him suddenly

Term Life Insurance | Life Insurance is a Must For a Family Person
Are you a family oriented person and are really worried about your family and their future Are you the only person earning in the family

Home Insurance Quote: Home & Renters Insurance
Home insurance comes with many responsibilities, one of which is to have adequate home insurance that not only protects you, but also your family If you rent a house or an apartment, renters insurance is also a good idea

A Life Insurance Comparison: Whole Life Insurance Versus Term Life Insurance
What type of life insurance might fulfill your assurance needs This article is a life insurance comparison about whole life insurance versus term life insurance

Term Life Insurance | How Important Is The Term Life Insurance
There are many life insurance policies available in the market The cheapest out of it can be the term life insurance

SASid and Markel Insurance Company Introduce Short Term Medical Health Insurance for Individuals and Families
SASid, Inc. and Markel Insurance Company announced today that they have joined together to offer short term health plans for individuals and families. With the new Smart STM plans, consumers will be able to purchase health insurance over the internet or through independent insurance agents or brokers. The plans offer affordable, comprehensive health coverage for a broad array of commonly used health care services, and provide online user reviews and tools to help consumers make educated health care decisions.