Insurance is incredibly important to have in multiple aspects of daily life. If you own a car, you should have car insurance. To help protect your health or home, everyone should have health insurance or homeowners insurance. And if you are running a business, having business insurance is essential. However, sometimes the insurance process can become complicated and you might find yourself in need of business insurance attorneys. This article looks at what business insurance attorneys do and how they can help you and your business.
Business insurance attorneys will typically represent companies in insurance disputes. Essentially, if an incident occurs, like an accident in the work place due to an equipment malfunction, and the insurance company wishes to deny coverage to the business, the attorney will take the matter to court and argue that the business more »
If you work in agriculture, you are vividly aware of how tiring working on a farm can be. The long summers and the hard physical labor under a hot noon sun can sap the energy right out of you, yet you also know how important it is for you to keep on working. It’s important not only for your family, but America too. Here are five other things that farmers endure.
- Viewing Crops as Money
Many people who see a farm from an outsider’s perspective will generally look at it as a pseudo-utopia of vegetables and wheat all the fresh cow milk you can squeeze. Today’s farmers view their crops in terms of profits. They need to as well since they almost always operate at very narrow margins.
- Dealing With Farm Insurance
While 93% of homeowners in America have basic homeowners insurance, farmers homeowner insurance is quite different. It insures the contents of a farmer’s home as well as all of the selected aspects of the farm itself. As such, farm insurance is generally a big chunk of farm expenses. Still, farmers insurance is one of the most comprehensive types of insurance since it combines the perks of home and business insurance into one set bundle.
- Pushing Through Pain
Not all farmers are riding horses and swinging backhoes anymore, but they still put in long laborious hours to get the crops they need. Give it a go someday, it’s no picnic.
The Internet of Things is a term you’re more likely to hear in silicon valley circles, but it actually refers to technology that farmers use every day. IoT devices are objects that connect to the internet and interact with each other. So, if a farmer gets a notification of a cow’s behavior from sensors placed in the barn, they can adjust the heat or air circulation to better accommodate that animal from their phones. Drones and other unmanned technology plays a big role in agriculture today.
The days where you would see pigs, chickens, corn, and potatoes growing on one farm are a distant memory. Whatever the farm specializes in is generally the only thing that farm does. So a dairy farm sells only milk. A corn farm is responsible for only corn. This specialization allows farmers to optimize their technology and produce better than other diversified farms.
Times change, but farmers still provide an incredible service that keeps America on track and full of yummy food. So, as they deal with the farm insurance companies and the ever beating sun, we can sit back and be thankful
These days, the topics of health care and health care plans seem to be constantly on everyone’s mind. Medicare, group healthcare, supplemental health insurance, eye insurance plans, dental insurance plans…there are so many plans, so many details, so many options and so many restrictions that the process can seem overwhelming.
But it doesn’t have to be that way. The plan offered with supplemental health insurance is a manageable option within the scope of a realistic process. But what is supplemental health insurance?
Supplemental health insurance is, basically, a more »
Many farmers view their farm as more than a business. It is both a means and a way of life. Taking good care of livestock, crops, horses, and the equipment goes beyond business as usual. The truth is, a farm is much more personal. This is because you are out there every day, working hard for a living. Farmers are responsible not only for feeding themselves and their families but for the entire country. This is admirable, no doubt, yet it still remains a business.
As with any business, you need certain protections. That is where farmers and business insurance comes in. Farmers insurance is a more specified form of business insurance, and it covers many things that are relevant to farmers. Things like:
Insuring your means of production is crucial for any business, and it’s no different in the agriculture industry. Where computer microchip processors depend on nano-robots to produce their products, farmers rely on tractors and irrigation pumps. Having these insured is essential.
If a farmer’s wheat silo catches fire, that could spell financial disaster for their whole family. Natural disasters shouldn’t ruin anyone’s livelihood, and that’s what a good insurance policy protects against.
- Your Home
One way that business insurance and farmers insurance coverage differs is on personal property. Since most farmers essentially live at work, their ability to work is contingent on having a place to live. This is why farmers insurance policies cover your home.
The average farm in the United States is a massive 442 acres. Even though that seems like a lot of land to insure, many farmers are surprised to learn that insurance rates are not as expensive as they might expect. Policies are also incredibly flexible and are based on what you need to cover most urgently. If you are interested in learning more about our coverage options and how you can customize your policy, contact us today. Or, if you want to get an a few farmers insurance quotes within minutes, visit our website to fill out information about your farm.
Health insurance plans are an essential part of adult life, but they can be quite complicated. It’s important to find some type of health care plan because you could find yourself in some serious financial or familial issues if you don’t. Whether you are in need of work-based healthcare coverage (which two in five Americans under the age of 65 had in 2015) or are in need supplemental insurance plans, it’s imperative that you get the coverage you deserve.
In addition to umbrella health insurance plans, there are specific types of care that vary in importance depending on each individual’s specific needs. Vision insurance plans and dental insurance plans can offer general care to accommodate for the average American, but individuals with more severe dental or eye issues need a little bit more detailed coverage.
Here are what goes into quality vision and dental coverage when it comes to specific insurance plans:
Eye insurance plans
Vision plans typically cover annual eye examinations, frames and lenses for eyeglasses, content lenses, lens coatings and enhancements, and discounted rates for LASIK eye surgery. If you’re someone who requires frequent eye exams and has constant vision issues or problems with your glasses or contacts, you’re most likely going to need a more thorough coverage plan.
Dental insurance plans
Most dental insurance plans offer routine dental care at an affordable cost. Routine dental services typically involve oral exams, fillings, cleanings, and X-rays. For more invasive dental treatments like bone grafting and implants, there aren’t full coverage plans offered, though some medical insurance plans are beginning to cover those kinds of dental procedures. It’s important to keep in mind that future dental needs are just as important as present needs when deciding on dental coverage.
Make sure you are not only talking with your insurance providers about your coverage needs, but your medical professionals as well. Try and save all your medical records for yourself, too, so you can better explain what types of coverage you will need on a regular basis. If you want to learn more about various health insurance plans — especially supplemental insurance plans — contact Midwest Employee Benefits today.
For many people, living a healthy life means eating right, getting enough exercise, and being engaged in meaningful activities. This also includes spending time with friends and family. In order to live a healthy life, visiting the doctor and dentist on a regular basis can also make a significant difference in a person’s overall health and well-being.
Following a Healthy Diet
What constitutes a healthy diet may vary from person-to-person. This is because some individuals may have dietary restrictions due to health issues or because they interfere with certain medications. In gene more »
The medical industry is one of the most important industries in the world right now in terms of helping people in their day to day lives. There is no question that this really matters and people need to properly utilize this field of work to help get the best health for themselves. Furthermore, these medical workers are well equipped to help people stay on top of potentially deadly diseases and conditions.
Across the United States, just about 1 in 3 adults has pre-diabetes. However, what is incredibly dangerous about this is the fact that most of these adults have no idea that they are suffering from diabetes. This is horrific to think because when people have these kinds of conditions and do not address them they can be deadly.
Working with a life insurance company can be intimidating for p more »
One of the most challenging aspects of planning for retirement is managing health care expenses. The way health insurance operates changes as you age, especially when it comes time to retire. Are you ready to manage those Medicare expenses when the time comes?
Whether you’ve started planning for the future or not, here are a few ways you can better manage health care expenses in your future.
Understand What Your Health Insurance Covers
Medicare benefit payments totaled $597.2 billion in 2014. While that’s a significant number, it doesn’t mean Medicare is free. Medicare Part A may come without a premium, but you’ll still be required to pay premiums for both Part B and Part D. The standard premium for Part B is $134 or higher, while the premium for Part D varies depending on the plan you’re enrolled in. Medicare may cover regular medical visits under these premiums, but other expenses such as co-pays and hearing, vision, and dental-related treatments may be out of your own pocket.
Why Invest in a Medicare Supplemental Plan?
Investing in Medicare supplement insurance is a smart move, no matter how much of a healthy lifestyle you live. Medical care costs money, and a traditional Medicare plan may not cover every expense related to your overall health. Also known as a Medigap plan, this investment can help you save money as a retiree. That being said, you’re required to have Medicare Parts A and B before you qualify for this option. Plan ahead!
Don’t Forget About Income-Based Surcharges
Medicare currently uses a two-year period to determine whether or not income-based surcharges apply to any one client. That means a client’s 2015 income can be used as a basis to determine whether income-based surcharges will be applied in 2017. A few things to remember about this include:
- This calculation draws on traditional wages, self-employment income, and a variety of other income sources
- Tax-free income during retirement is not included in this calculation
- Roth IRAs and Roth 401(k)s are excluded from income-based surcharges
- Annuity payments will not increase income-based surcharges
Once you understand and put these tips for managing health care expenses into play, creating a retirement budget and spending wisely as you grow older may be more feasible. If you have questions or concerns, don’t hesitate to contact Banker’s Fidelity.
Choosing a health care plan that fits your individual needs can be difficult at any age, but it becomes especially difficult for those approaching retirement or living on a fixed income. There are many different types of insurance policies to choose from, and it can be hard to find the right one from you. If you are eligible for Medicare, you may find yourself trying to choose between Medicare and a private health insurance plan. Both options have benefits and risks, and the purpose of this article is to help you understand the differences between the two.
In the first part of this series, we will take a closer look at some pros and cons of standard Medicare coverage.
Medicare is a government-funded health insurance program for individuals who are 65 and older, younger individuals with disabilities, and people with End-Stage Renal Disease. This group of people is extremely large. In fact, according to The State of Aging and Health in America, when the last baby boomers turn 65 in 2030, about 72 million people, or one out of every five Americans, will be an older adult.
This insurance program covers services such as hospital stays, doctor’s visits, and home health care. It is designed to serve individuals who may have costly or complex health care expenses and needs; however, it does not cover prescription drugs.
All taxpaying Americans pay into the insurance program and are able to enroll into it after they turn 65. This insurance program is designed to protect older and disabled Americans from financial instability in the event of an illness or injury. As such, this public program pays for necessary care for those who are eligible.
While this insurance program has benefitted millions of American seniors, there are a few things you should be mindful of when considering to make do with a Medicare only plan:
- This program does not cover everything you need. Depending on which part of the plan you have, there may be some out-of-pocket costs. Most notably, Original Medicare will not cover prescription drugs.
- You do have the option to also use private insurance to cover expenses Medicare does not. These plans are often called “Medigap”
- You don’t have to change doctors, as long as your physician accepts Medicare. Unfortunately, not all physicians and healthcare facilities do.
Generally, Medicare is more cost-effective than private health insurance for individuals on a limited, fixed income. Medicare has a much larger coverage pool, giving the program more bargaining power (in theory). Additionally, the insurance program’s per capita costs are expected to continue rising more slowly than private insurance in the years ahead.
To summarize, Medicare is an insurance plan designed to absorb and distribute risk, and it has benefited millions of Americans. Different plans under Medicare cover different needs, so be sure to carefully research whether Original Medicare is sufficient for your health needs.
In the next installment of this two-part series, we will take a closer look at some of the pros and cons of commercial health insurance plans.
Do you have health insurance and life insurance? Are the plans and coverage you receive up to par with what you think you deserve? Health insurance policies and life insurance policies can make all the difference for you, your family, and your loved ones. You should never take a shortcut when finding the right policy or the right company to work with. Your policies may cost more money than you hope for, but in the long run they could make all the difference if you ever need to make use of your health or life insurance.
Interested in learning more about all the different reasons why both health and life insurance are important for us as we age? Keep reading to find out how you can benefit from making sure you work with the right health insurance companies and life insurance companies.more »