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BJS conducted a study of medical malpractice insurance claims that were closed from 2000 through 2004 in Florida, Illinois, Maine, Massachusetts, Missouri, Nevada and Texas.http://www.ojp.usdoj.gov/bjs/pub/press/mmicss04pr.pdf. These states were identified as having comprehensive medical malpractice insurance claims databases, some of which extended back to the early 1990s. An examination of closed medical malpractice insurance claims allows for a broad overview of some of the key issues associated with medical malpractice. About one-third of the medical malpractice insurance claims closed in Maine, Missouri and Nevada resulted in a payout. Few medical malpractice insurance claims produced payouts that exceeded $1 million. In Florida, Maine and Missouri, about two-thirds of the claims were closed with insurance payouts of less than $250,000. Among persons receiving compensation, insurance payouts were highest for claimants who suffered lifelong major or grave permanent injuries. Insurance payouts were lowest for claimants who suffered temporary or emotional injuries. Medical malpractice insurance payouts increased as the insurance claims advanced through the legal system. Claims closed after a trial also cost more for insurance firms to defend than claims settled at or prior to a trial. In Missouri, for example, the median insurance payouts grew from $33,000 in 1990 to $150,000 in 2004. During the various time periods covered by these insurance claim databases, median payouts also increased by 57 percent in Massachusetts, 49 percent in Illinois, 36 percent in Florida, 26 percent in Nevada and 27 percent in Texas. In general, claimants did not file medical malpractice ... For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program.http://www.scc.virginia.gov/division/boi/webpages/inspagedocs/medsupappendc.pdf. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For more information about Medicare and Medicare Supplement Insurance, review the Guide to Health Insurance for People with Medicare, available from the insurance company. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For more information about Medicare and Medicare Supplement insurance, review the Guide to Health Insurance for People with Medicare, available from the insurance company. For help in understanding your health insurance, contact your state insurance department or state senior insurance counseling program. For more information about Medicare and Medicare Supplement insurance, review the Guide to ... If you do not have a Prudential Financial representative currently handling your insurance and financial needs, you can locate the Prudential Financial office most convenient to you in the telephone directory or through our website, www.http://www.prudential.com/media/managed/GoldBrochure.pdf.prudential.com/giconversions. Under the terms of your group life policy, some or all of your insurance coverage may be converted to permanent insurance. Premium rates for the Prudential Guaranteed Life Insurance policy, issued by The Prudential Insurance Company of America, are included in this brochure. These are standard rates per $1,000 of insurance and apply to most individuals who are converting. The right to convert to a Prudential Guaranteed Life Insurance policy is guaranteed, provided the terms as described in your Booklet-Certificate are met. Like most insurance policies, Prudential Financial’s policies contain exclusions, limitations, reductions of benefits, and terms for keeping them in force. After determining the premium for the amount of insurance being converted, add the following policy constant to obtain the premium for the policy: $85.00 for annual mode of payment, $23.00 for quarterly mode of payment, $ 8.00 for Prumatic mode of payment. The example below illustrates a premium calculation for a $25,000 Prudential Guaranteed Life Insurance policy for someone who is 40 years old. Multiply the amount of insurance being converted (i.e., the number of $1,000 units) by the rate per $1,000 and add the quarterly policy constant: 25 x $4.35 = $108.75 + $23.00 = $131.75 When requesting information, please state your date of birth, your group policy number, and the name of the ... Whether you may be shopping for new, additional, or alternative life insurance, you could be easily confused by arguments from insurance agents and the financial press in favor of either permanent1 or term insurance.http://www.lifeinsuranceadvisorsinc.com/articles/individuals/TermVsPerm.pdf. If it is with a top company with a quality “permanent” insurance product, term insurance can be converted to permanent later on favorable terms. If you are certain that you will never want or need anything but term insurance, you need only be concerned that the insurer will be around to pay a death benefit in the future. (For further discussion of the recommended amount of insurance, see the separate article, “Life Insurance: How Much and What Kind?). Think Of Long-Term Needs: If you need insurance for the long run (12 years or more), either for dependents' survivor income or eventually to keep Uncle Sam from claiming the bulk of your estate if estate tax laws do not change significantly, there is more reason to consider some form of permanent insurance. While term insurance effectively solves an immediate short-term need, opting for permanent insurance instead gives you more flexibility for retirement and estate planning. Also, the cost of pure insurance (the mortality and expense charges) is generally lower with a permanent policy than with term insurance, and, because that cost is borne by a portion of the tax-free earnings inside the policy, your insurance cost is paid with pre-tax dollars. Investment Flexibility -- The Variable Life Option: With the advent of variable life insurance within recent years, those using permanent life insurance as a savings vehicle now have the option of ... interest crediting options available in Protective ProSaver® Index Series annuities.http://www.protective.com/PDF/PAC 2383 08 07 Press Release.pdf. Today’s introduction of the Participation Rate Strategy means ProSaver Index annuity buyers now have the choice of three different indexed interest crediting strategies within their annuities. The new Participation Rate Strategy credits interest at a rate equal to a specified percentage of any increase in the S&P 500® Index during the contract year, with no cap on interest that may be credited. Once a contract is purchased, this “participation rate” may change annually but is guaranteed to be no less than 25% of any increase in the S&P 500 Index. The Participation Rate Strategy is just one of the Indexed Account choices available to ProSaver Index Series annuity buyers, complementing two existing interest options within the Indexed Account, the Fixed Rate Plus® and Interest Rate Cap strategies. Together with a Fixed Account option, these rate strategies provide ProSaver Index annuity owners with tremendous flexibility to choose1 interest crediting options that may best align with their own preferences and long-term objectives. “We’re very excited about this addition to our lineup of innovative and consumer-focused indexed annuities,” says Eric Miller, vice president and national marketing director of Protective’s Life and Annuity Division. “This new enhancement demonstrates our ongoing commitment to providing solid life insurance and annuity solutions to our customers’ retirement planning, protection, and wealth transfer needs.” ProSaver Index Series annuities offer a wide array of other features, including: Although the ... ATHLETIC INSURANCE PROCEDURES EXPLAINED Rivier College has an outstanding athletic insurance package to help provide this service.http://www.rivier.edu/athletics/downloads/InsuranceQuestionnaire.pdf. Unfortunately the standard school insurance DOES NOT cover athletic injuries. The coverage we offer is a secondary coverage to be used only if the athlete has no insurance or if the family insurance will not honor the claim. B. The Rivier College has a secondary insurance policy with NAHGA, Inc. underwritten by National Union Fire Insurance Company of Pittsburgh (AIG) which covers up to $75,000. This means if an individual has a primary insurance plan then that plan will be used first, anything that is not covered by the primary insurance after the deductible is met will be covered by Rivier College‘s insurance plan up to a maximum of $75,000. If an individual does not have insurance then Rivier College‘s insurance will act as the primary insurance after the deductible is met. In some cases the athletic department will get a copy of the bill, but only if the athlete has no insurance will the bill be sent to the athletic department. The insurance company will do one of two things: A. Honor the claim and pay all or a portion of the charges incurred Normally students are dropped from their parents' insurance once they reach the age of 18 unless they are in college. The insurance carrier normally has a form that must be completed by the college's registrar office verifying that the student is enrolled in school. This is another common reason for family insurance carriers to deny claims. Please check with your insurance carrier and follow their procedures to keep your son or daughter covered by ... bers’ life insurance policies and how surviving family members should make claims on those policies.http://www.fallenheroesfund.org/content/pdf/Handbook_Chapter_5__6_1_6524.pdf. Does the military provide life insurance protection? All members of the uniformed services are eligible for a $250,000 life insurance policy under the Servicemembers’ Group Life Insurance (SGLI) program. SGLI is a federal program that provides service members with term life insurance, which provides coverage for a specified period of time. SGLI life insurance is issued under a group policy purchased by the Department of Veterans Affairs (VA) from a private insurance compa-ny and is administered by the VA’s Office of Servicemembers’ Group Life Insurance (OSGLI). Service members may also obtain additional coverage from private insurance companies through individual policies or, for some reservists, an employer-sponsored group plan. In early 2005, Congressional legislation was proposed to increase signif-icantly the maximum life insurance policy available under the SGLI pro-gram. A variety of records might contain information identifying an agency, policy or insurer, such as: (1) statements (bills) from the insurance company or agency; (2) insurance renewal notices; or (3) check registers or bank statements that may show payments made to an insurer. The beneficiary of a private life insurance policy starts the claim process by notifying the insurance company of the service member’s death. If the insurance was obtained through an insurance agent, the surviving family member should contact the agent. Private insurance companies will require delivery of a death certificate for the insured. Some insurance compa-nies ... http://www.benefitoptions.az.gov/plans/Docs/life.pdf Your involved in a traffic accident and you conclude that it is very minor, the other driver is “honest and rational,” and that you two can settle it without involving your insurance company.http://www.mercuryinsurance.com/corporate/pdf/Fender_Bender_summary_3-4-05.pdf. You have not reported the accident to your insurer. You have denied your insurance company the opportunity to provide an adequate defense on your behalf. You have released your insurance company from what they wanted to provide – YOU MAY HAVE BREACHED YOUR CONTRACT. But often it’s too late for an insurance company to best-defend its insured. The result is that the accident costs the insurance company much more money to resolve, and everyone’s insurance costs go up. Mercury Insurance reports on Auto Insurance & Fender Benders – Know What To Do Before It’s Too Late Five financial tips on effectively reporting an auto accident from Mercury Insurance: 4. Obtain from all involved drivers, passengers and witnesses: Names Insurance company/policy # Addresses Telephone Numbers License Numbers The process of establishing auto insurance premiums is very complex, and each accident is analyzed with considerations for many variables, including but not limited to fault, history of accidents, moving violations, and auto insurance claims, as well as age, car type and much more. Not Your Fault: If the accident is not your fault, it is the first in which you have been involved, and your driving history is free of moving violations and/or insurance claims, you may have no premium increase at all. The process of filing an auto insurance claim is regulated by the California Department of Insurance, but the best execution of it prevails in the market. ... Life is filled with a variety of events that may affect the health insurance coverage you need or that you have available to you.http://www.cms.hhs.gov/HealthInsReformforConsume/Downloads/protect.pdf. You need to know how these and other life events affect your health insurance coverage. Your ability to get and keep health insurance coverage may be of special concern if you or your family members have a history of medical problems. Guarantees certain small employers, and certain individuals who lose job-related coverage, the right to purchase health insurance; and Guarantees, in most cases, that employers or individuals who purchase health insurance can renew the coverage regardless of any health conditions of individuals covered under the insurance policy. An insurance policy or any other contract (such as an HMO contract) that provides you or your group health plan with health insurance coverage. Insured Plan An insured plan is a group health plan under which the benefits are provided by the sponsoring employer or union through the purchase of health insurance coverage from an HMO or an insurance company. Individual health insurance coverage is insurance coverage that is sold by HMOs or other health insurance issuers to individuals who are not part of a group health plan. A network plan is a health insurance policy that provides coverage through a defined set of providers under contract with the insurance issuer. HIPAA does NOT provide for portability rights when you have individual health insurance coverage and you move to other individual health insurance coverage. If a group health plan provides health coverage to employees and their family members by ... The uninsured are the focus of policy concern primarily because health insurance is believed to contribute to better health by improving access to medical care.. Literally hundreds of studies document the fact that the uninsured have worse health outcomes than do the insured; these studies have formed an important part of the case for policies to expand health insurance coverage in the U.S. Causation is difficult to establish because we almost never observe truly random variation in health insurance status. Instead, people who have health insurance and people who do not almost certainly differ in many ways in addition to the difference in their health insurance coverage. Moreover, the causal relationship between health insurance and health is likely to run in both directions; health status may affect insurance coverage and insurance may affect health. Our goal in this paper is to review the evidence on the causal effect of insurance on health; what do we really know about how health insurance affects health? As a result, simple comparisons of outcomes for insured and uninsured individuals may reflect either a causal effect of health insurance or other differences between individuals with and without health insurance. These analyses rely on a policy change or some other exogenous event to introduce variation in health insurance coverage that is plausibly unrelated to health and other underlying determinants of health insurance coverage. This suggests either a true positive effect of health insurance on health or a dominant tendency for some other factors such as income or education to be positively correlated with ... To pay for office expenses without spending savings or using your personal disability income coverage in the event of an accident or illness, you should consider the benefits of the ACP sponsored Office Overhead Expense Insurance.http://www.acponline.org/public/groupins/go_overhead04.pdf. Applications are subject to approval by the under-writing insurance company. Insurance will become effective on the date the request for coverage is approved by New York Life provided the initial contribution for insurance is paid in a timely manner and the member is actively at work on the date coverage is effective. The validity of any amount of insurance, which has been in force for two years during the insured’s life, will not be contested except for eligibility and non-payment of premium contributions. FULL-TIME WORK as required, I will not become insured until the day I return to FULL-TIME WORK, provided such date is within three months of the date insurance would have been effective, and I am still eligible for insurance; (c) the benefits will not be payable for up to two years for losses due to a disease or condition which I now have or have had in the past and which is not disclosed fully on this form; (d) any dividend apportioned to the group policy will be paid to the Trustees of the ACP, Inc., Insurance Trust; and (e) I agree to the terms of the ACP, Inc., Insurance Trust. AUTHORIZATION: I authorize any physician, medical practitioner, hospital, medical or medically related facility, insurance company or MIB to release information to New York Life Insurance Company, its subsidiaries or the Plan Administrator about my physical and mental health, including significant history findings, ... I, the undersigned, do hereby authorize the University of Texas at Austin and its agents or representatives to consent, on my behalf, to any medical/hospital care or treatment (including locations outside the U.http://www.utexas.edu/student/abroad/ccs/insurance.pdf.S.) to be rendered upon the advice of any licensed physician. I agree to be responsible for all necessary charges incurred by any hospitalization or treatment rendered pursuant to this authorization. . I am eighteen years of age or older, have read the above authorization, and confirm that the information contained therein is true and accurate. While abroad, you are required to have health insurance coverage. This coverage must include repatriation and medical evacuation benefits. You should check your current insurance policy regarding coverage for out of country activities. If you are not covered you may obtain insurance through an agency of your own choosing. A list of possible providers may be found in our office along with a list of questions to help you decide on the best policy for your needs. It is also extremely important to make sure that you also maintain a policy that is valid in the U.S., in case you are return to this country for medical treatment or should you develop a health problem after your return (diseases and other health problems can take time to manifest symptoms, and your travel insurance will not The Study Abroad Office requires that students purchase an International Student Identity Card (ISIC). The ISIC functions as an internationally recognized ID and also includes basic insurance while overseas, specifically including repatriation and evacuation, in addition to other benefits. ... WARNING: Any person who knowingly, and with intent to injure, defraud or deceive any insurer, makes any claim for the proceeds of an insurance policy containing any false, incomplete or mis-leading information is guilty of a felony.http://www.okstate.edu/osu_per/benefits/ING.pdf. The insurance included in this certificate applies to you only if you have elected and are insured for it. The Dependent's Insurance part of this certificate applies to you only if you are insured for it. Continuation of Insurance If you stop active work due to an approved leave of absence or layoff, the Policyholder may continue your insurance. If your Supplemental Life Insurance reduces due to age or a change in employment status, this is not considered a termination of insurance. If you and your spouse are insured as employees under the Group Policy, either you or your spouse, but not both, can apply for Depen-dent's Insurance. If the spouse carrying the Dependent's Insurance stops being insured as an employee, the other spouse may become insured for Dependent's Insurance by applying within 31 days. Any person eligible for insurance as an employee under the Group Policy is not considered an eligible dependent for Dependent's Insur-ance. You Stop Active Work If you stop active work and your insurance is being continued, your dependent's insurance will also be continued as shown in the Employ-ee's Insurance part of this certificate. Handicapped Dependent Child If your insured dependent child is physically handicapped or mentally retarded and reaches the maximum age for Dependent's Insurance, you may continue this child's insurance as long as all required premiums are paid. You or your insured ... Only the policyholders of insurance companies which are members of the Association are eligible for this protection.http://www.utsystem.edu/benefits/pubs/2001paicert.pdf. Life Insurance net cash surrender value up to a total of $100,000 under one or more policies on any one life; or death benefits up to a total of $300,000 under one or more policies on any one life. When you are selecting an insurance company, you should not rely on coverage by the Association. We certify that we insure all employees (or members) of the Organization who are in an eligible class described in the Schedule. If your Active Service ends due to an Employer approved leave of absence, insurance will continue for up to 3 years, if the required premium is paid. If, within 365 days from the date of accident covered by the policy, bodily injuries result in any of the following losses, we will pay the benefit set opposite such loss; provided, however, that if the Insured sustains more than one such loss as the result of any one accident, we will pay only the one largest amount to which the Insured is entitled. If, at the time of the accident, coverage for a dependent child is in force, but there is no dependent child who qualifies, we will pay an additional benefit of $1,500 to the Insured's designated beneficiary. We will cease payment on the earliest of: a) the end of the month in which the Insured dies; b) the end of the 11th month for which this benefit is payable; c) the end of the month in which the Insured recovers from the coma. Prior Converted Policy: If you convert your group coverage and later again be insured under the same group plan, you may not convert a second time unless: (1) you ... Federal regulations mandate that all states, as part of their child support programs, secure health insurance information and establish and enforce orders requiring parents to maintain health insurance for their children.http://www.judiciary.state.nj.us/directive/family/dir_7_94.pdf. In addition, the New Jersey Child Support Guidelines (Rule 5:6A and Appendix IX-A) provide that all child support orders shall include a provision for health insurance for the children if it is available to either parent at a reasonable cost, unless the parties agree to an alternative health care arrangement. These requirements were considered necessary because of the large number of children who were not receiving medical services of any kind or were being provided government-funded Medicaid health care when health insurance could have been obtained by their parents. In a report issued in June 1992, the United States General Accounting Office indicated that $122 million in government medical expenditures could be saved annually if all non-custodial parents provided health insurance coverage for their children. States must request health insurance coverage that is available to the non-custodial parent at reasonable cost if the custodial parent is receiving Aid to Families with Dependent Children (AFDC) or Medicaid, unless the children have other health insurance coverage. For non-AFDC, non-Medicaid cases the custodial parent must be informed that the non-custodial parent may be ordered to provide health insurance coverage if the custodial parent so requests. In all new child support cases, Family Division Intake staff should assist parents in requesting that health insurance be part ... | |
