Ted Wolk shares his opinion on private health insurance and the National Health Care Bill

November 28, 2009 By Leave a Comment

The author, Ted Wolk, has over 30 years experience in the life and health insurance industry, looks at the National Health Care Bill and shares his thoughts on the core problems related to this Issue. PART 1

National Health Insurance

To quote Margret Thatcher “socialism is a great idea till you run out of other people’s money.”

Statements from Washington like “Pass the bill today and we will fix it later” scare the daylights out of me and reflect the mentality of how our leaders solve problems.

Yes there needs to be changes in health care delivery, however our politicians are not approaching the problem in a business-like manner. They are ignoring the core of the real problems that have created our dilemma. They are doing this more to satisfy their own ego.  If this national health concept is suppose to be such a great idea, then why are they forcing it down our throats and then telling us if we don’t want to play their game, we are going to fine you, penalize you, etc. “ (Free Choice!!!!”Was that a privilege we once enjoyed?)

Let’s examine some of the underlying core problems we have with this health care reform bill being discussed.

But before we move forward, we need to understand some basic and simple economics:

So let’s go to Economic Class 101>>>>.Here is Lesson number one—Please write this down in your notebook.  “There is only 100 cents in a dollar.” Yup, that’s what I said, there is only 100 cents in a dollar, and I know it is hard to believe. If there is anyone out there that can dispute this fact, please let me know. So let’s please keep this fact in mind as we continue on, unlike the people in Washington who totally ignore this basis fact.

Many people continue to badmouth the health insurance companies

Certainly the big issue today is the high cost of health insurance, and the fact that people cannot afford it, which results in so many uninsured. But are the health insurance companies really creating the problems we have today. The answer is no.  Our politicians seem to want to ignore the core issues of this dilemma. Slapping a band aid on the real problems is not a solution. So let’s take an in depth look at the health insurance companies and why our health insurance premiums have gone up. Just so everyone knows the increasing premiums are not created by some CEO that felt like raising the rates.

Insurance companies are only the messenger

Personally, I think we need to quit putting all the blame on the health insurance companies. They are only the messenger. The message they are delivering (higher premiums) is because of all the other problems in our health delivery system and our society.  Those core problems should be addressed first, before we start talking about any national health care.

See Part 2 on the National Health Care Bill

Filed Under: Health Insurance, Insurance, Life Insurance Tagged With: , , , , , , , ,

Where To Look For Cheap Commercial Insurance

November 8, 2009 By 1 Comment

Finding cheap commercial insurance can be difficult to do, unless you know where to look and what you are looking for. Being fully prepared will enable you to find commercial auto insurance for a reasonable price, which is important because cheap commercial means lower business expenses.

One of the first places to look for cheap commercial insurance is commercial insurance agents. Your commercial insurance agents can help you find the cheapest rates possible for your business. The thing to remember is that even when talking to commercial insurance agents you want to talk to more than one so you can get a variety of different quotes. Most commercial insurance agents will work for you in finding you the cheapest rate because they are paid based on commission. Talking to more than one commercial insurance agent will also help you negotiate cheaper rates for your commercial vehicle insurance.

One of the best places to go to find cheap commercial insurance agents is the internet. You can use a search engine to locate various commercial insurance agents or you can use the search engine to find popular insurance companies that offer commercial vehicle insurance. Using the internet is one of the best ways to find the cheapest commercial insurance rates because it allows you to compare multiple commercial insurance rates at one time. Something else to keep in mind when using the internet to search for cheap commercial insurance is that you can often find one insurance broker that can access more than one insurance companies rates. This can be very helpful in finding cheap commercial insurance because you can use a broker you trust to find the right commercial insurance agency for your needs.

Another place that you can go to find cheap commercial auto insurance is a phone book. Using the yellow pages, you can gain access to all of the commercial insurance agencies in your local area. Some of the insurance companies will even offer ads that show what discounts they offer or what other services they offer. In looking at the discounts, you can often find an insurance company that meets your needs because you can get a cheaper rate based on how many discounts you qualify for. To ensure you are getting the cheapest rate possible for your commercial insurance needs you will want to call the different insurance agencies and ask for a quote.

One resource that many people forget about when looking for cheap commercial insurance is their friends or other business owners. Ask around to find out what insurance agencies people are using and find out if they are satisfied with the company. If they are happy with the agency, they are probably getting a good rate, so it won’t hurt for you to call to see what kind of rate you can get. Referrals are a great way to find out about cheap commercial insurance rates, but that doesn’t mean that they will always work.

It is important to remember that when you are getting quotes for cheap commercial vehicle insurance you need to know about the type of coverage that you need. Most insurance companies will not hesitate to sell you the wrong policy, if you are uneducated about what you need because it means they can make more money. To prevent this from happening to you find out what type of coverage you need and how much coverage you need, so you can ask the right questions when looking for cheap commercial insurance.

For more information on insurance also see cheap car insurance for young drivers.

Filed Under: Business finance, Business Insurance, Insurance Tagged With: , , , , ,

It Can Be Hard To Find Cheap Car Insurance For Young Drivers

November 8, 2009 By 2 Comments

Finding cheap insurance for young drivers can be harder than you think because of the bad reputation that young drivers have received over the years. Out of all young drivers, males under the age of 25 have to pay the highest rates, but even females under the age of 25 pay more than they should. When trying to get cheap car insurance for young drivers one of the best things that you can do is find out what kinds of things you can do to ensure you can get cheap car insurance for young drivers.

Here are some tips that you can follow to help get cheap car insurance for young people.

Tip one:

If the young driver gets good grades, you can find cheap car insurance for young drivers. In most cases, your young driver will need to have at least a B average to qualify for the good grade discount. You can also use the grades as an incentive with your young driver to make the insurance more affordable, if they get the grades and the discount, you will pay a portion of their insurance.

Tip two:

Have your young driver take defensive driving courses. Taking defensive driving courses will help prepare your young drivers for driving because they will be better prepared to deal with things that can happen on the road. Defensive driving courses also help make your young driver safer, which is what lowers your car insurance rates. The car insurance rates are high because young drivers have a tendency to wreck their cars, but being safer lowers the chance of a wreck.

Tip three:

The type of car your young driver is driving will also affect the rates that you are paying. Choosing a cheaper car will help you find cheaper car insurance rates. You want to avoid sports cars, flashy cars, 4 x 4 trucks, and other outrageous vehicles because they normally have higher insurance rates because of the speed or the ability to be driven off-road, add a young driver to the vehicle and you will get even higher rates. Choosing a vehicle that has certain safety features, such as air bags and anti-lock brakes, can also offer you cheaper rates on auto insurance for young drivers.

Tip four:

You can also limit the use of the vehicle that your young drivers are using to get cheaper car insurance rates. Not all insurance companies offer this choice, so be sure to ask your agent about it specifically. To limit the use you want to set aside specific times that the vehicle will not be driven, such as after 6 pm or before 8 am. Having limited use of a vehicle means a smaller chance of your young driver getting into an accident.

Tip five:

Teach your children about the rules of the road, plus how important it is to follow them. While this cannot get you cheaper car insurance for young drivers right away, it can help keep their car insurance lower as they get older. As a young driver, any violations will increase the car insurance rate, but they can also affect your insurance later because they can take years to clear off your driving record.

The one thing you need to remember when looking for cheap car insurance for young drivers is that you must shop around. Not all insurance companies will offer the same discounts, so be sure to ask what discounts are being offered and how you can qualify for those discounts.

Filed Under: Auto Insurance, Insurance Tagged With: , , , ,
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