The IRS Deductions Blog

Posts Tagged ‘premium’

Question: Pregnancy and Medical bills…?

I was on medicaid for pregnant women with 1st pregnancy, but now I am on BCBS of florida through my husbands work… They want me to dish out a $500 Deductible and 20% of the bill, which will be atleast $10,000… Can you get medicaid as a co-insurance to pay these outrageous bills???
BTW.. We live on one income, and we are not rich!!!!

Answer: Yes. If you get MPW it will act as a secondary insurance. So whatever your insurance doesn’t cover — it will.

You will need to check the income level requirements for Florida. I know where I’m at my husband can’t bring in more than $2800 for three people, and that’s counting the unborn baby. So for your situation he can only bring in X amount of dollars for four people. If it’s the same thing it is here.

I wish you the best!!! Do some research!

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Ohio health insurance – Anthem BCBS HSAs

Question: Just was rear ended and smushed between 2 cars, car looks totalled. Should I work directly with her insurance?

Or just go through mine. It was 100% her fault, but I don’t know if my premium will go up if I work through my insurance, even though I wasn’t at fault. Also, I will need loaner car and possibly medical care, I just am not sure what to do. I would have to pay a deductible but would most likely get it back. Anyone in the business have some answers for me?

Answer: Is this a 3 car accident??? If so, you definitely need to contact YOUR insurance company. If as you say, I was rear ended and smashed between 2 cars, means you were in the middle and the other insurance company may believe that you are also responsible for the car in front of you;;;;;;;;;;

Your auto policy most likely has medical payment and/or PIP coverage, which means it will pay for any medical care medically necessary due to an accident. Even if proven that the guy behind you is totally at fault, THEY WILL NOT PAY FOR YOUR MEDICAL BILLS, but will reimburse you after you are done treating with a pain/suffering settlement which could be months away from now.

Anything YOUR COMPANY PAYS, including your deductible, YOUR insurance company will go after the at fault party for reimbursement since they will have a “vested interest”.

Call your insurance company and they will explain the procedures and your rights.

good luck

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Credit Scores May be Factored Into Car Insurance Rates, Reports Edmunds.com

Ignoring outstanding bills could raise your car insurance premiums, while paying them off may help you secure a lower rate, reports Edmunds.com, the premier online resource for automotive information.

How to Buy Car Insurance

Question: What is an insurance Premium?

What is the difference between these four

Premium? Deductible? Co-Pay? and Waiver

Answer: Premium is what you pay every month to buy the insurance.
Deductible is what you pay out of pocket for a claim.
Co-pay is what you pay at office visit or for meds.
Waiver is decling coverage.

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Pet insurance: Rarely worth the price

We compared three brands of pet insurance

How to Choose the Best Health Insurance for You

Question: Affordable insurance w/ NO deductible and low premium?

I need you to tell me names of insurance not quote sites cuz they don’t help. i need one for 2 ppl a mom and daughter. it shouldnt have a deductable or be more that 200 monthly.
live in fl but what about 250

Answer: A policy with no deductible and less than $200 monthly for two people does not exist.

You’ll want to contact a local independent agent. This person can explain the policies available. In most individual policies the deductible does not come into play unless you go into the hospital. The doctor visits and prescription co-pay are not subject to the deductible. The agent will be able to find a policy like this and explain the deductible to you.

Depending upon your ages and current health a $1000 deductible probably will cost more than $200.

You may get answers here concerning medical discount cards (with no deductible). Be very wary of these cards. They say they have no deductible because you pay everything exept the possible 10% discount you might get.

They are not regulated by the Department of Insurance nor do the people that sell them need to be licensed. This means you have little recourse when you have problems with the plan. If you are tempted by the low price and claims of “save up to 80%” be aware that very few doctors actually take these cards. It does you little good if you have to drive 4 hours to find a doctor that will accept the card. Montana couldn’t find any doctors in the whole state that actually took the card and only one dentist who was on probation for unlawful activities so they banned the sale of the card and fined the company. See this link http://www.insurancejournal.com/news/west/2006/11/22/74554.htm for more information. Many other states are starting to ban these cards as well.

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Vacant Dwellings Require Different Kind of Insurance Policy

RISMEDIA, March 19, 2011—(MCT)—More and more houses sit unoccupied these days, left behind by their owners in this still-tough economic climate. In 2010′s fourth quarter, the Census Bureau reports 12.1% of all U.S. residences, or 18,394,000 homes, were vacant. Record…

Evanston adoption agency must increase deductible to balance skyrocketing premiums

Question: does the deductible bill for car insurance get sent to your house right away?

got in a fender bender and it was my fault. We exchanged insurance. There’s going to be a $500 dollar deductible.

Will that bill get sent to my house separate from the insurance bill every 6 months?
Or will it be added onto the insurance bill?

My parents went to india and i can’t afford to pay that bill right away

Answer: The deductible applies to any claim for damage to your car.

If you file a claim under your collision coverage. The insurance company will write an estimate for the repairs. Then they subtract $500 from the amount of the estimate. That is the amount they pay you. Then you take the car to the shop to be fixed. When you pick up the car, you give the shop the money the insurance company paid you for the damage plus you $500 Deductible.

The damage to the other person’s car is paid under the liability coverage. There is no deductible for that.

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Pletschet: Tax time good time to think about IRAs, Roths

With all the hullabaloo over the new tax rules regarding the conversion of a traditional Individual Retirement Account to a Roth IRA — with many accountants and advisers against the idea — let’s not forget that next Thursday (April 15) is the deadline for contributing to either type of

Florida Car Accident Attorney | Why You Must Have Uninsured Motorist Insurance