Insurance

Financial Advantages To Solid Healthcare

medical-563427_640The Future Is An Unknown Quality

Will you live to be a hundred years old with no health issues, or will you trip going up the stairs one day and permanently displace your hip? You don’t know, and there’s no way to tell. But if you plan ahead, you can protect yourself and your family even when the unexpected happens.. You can also protect your business.

Healthcare coverage is more than just insurance against an illness or injury you didn’t expect. It’s also financial stability, and a psychological bastion allowing you to confidently take risks knowing you can survive even should they turn out less profitable than you had hoped.

Additionally, healthcare coverage for your business can end up helping you acquire better employees, obtain tax breaks, and create a more sympathetic persona as pertains to public perception. A company that takes care of its employees is one that will take care of its clientele. It’s good to have a giving heart!

There are quite a few different healthcare options available today, though, so you’re going to have to choose carefully. Many will have different restrictions based on pre-existing conditions, and there will additionally be different monthly, bi-annual, and annual rates.

Getting Discounts

Sometimes, depending on the kind of payment plan you decide to go with, you will be able to get discounts. For example, if you pay your premium up front for the year, you may be able to save several hundred dollars per covered individual. If you pay on a monthly basis, you’re more likely to have higher rates.

When you have plans that include multiple people, again, you’ll have different rates available. It can be very difficult to source the best possible deal available when there are so many choices out there, so you want some means of delineating between these solutions.

You can compare rates at HealthInsuranceQuotes.co when you’re looking for the right provider; this process can be a difficult one, even the site acknowledges that: “If you have spent any amount of time looking at potential health insurance plans, it’s likely you’re a bit confused about some parts.”

The best advice is to find advice. Look for those who have gone before you, and don’t forget the legal angle. Life insurance will differ from health insurance, but you very likely will require legal representation for certain things, so that’s something to take into consideration as well.

Coverage For The Unexpected

The right insurance company is going to cover you, your family, or your employees when tragedy strikes. The wrong company is going to leave you to fend for yourself the moment difficulty arises. So something else to consider when you’re searching for health insurance coverage is reputation.

Just remember what you save yourself from by having solid coverage. You’re literally going to have thousands of dollars in medical fees—even tens of thousands—for fairly simple operations. Sometimes the costs can bankrupt your business. If they don’t bankrupt your business, they could clear out your savings.

There is always the off-chance that you’ll be able to make it through your life without ever having to cover any healthcare expenses, but there’s also always the off-chance you’ll win the lottery. Would you be willing to raise your children under the assumption that a multi-million dollar lottery win is around the corner? Or finance your business under such thinking?

Well, if you wouldn’t be willing to take that chance with your children or business, then you probably shouldn’t take the chance of not having any healthcare solution whatsoever. But again, it all depends on your own personal proclivities. Still, either way you go, sourcing professional advice can help you make the right choice.

Motorcycle Insurance Costs for First-time Bike Riders

insurance costs for first-time riders

Spring means clear roads and sunny days ahead, which motivates us to be outside more. Perhaps one way you plan on enjoying the nicer weather is by feeling the wind in your hair…literally. Motorcycles are perceived as a cheaper (and much more exciting depending on who you ask) alternative to your standard vehicles. However, what newbies don’t put into account is motorcycle insurance costs for first-time bike riders. Is it more expensive? And what all factors are considered for these costs?

Here is what you need to know about insurance costs for first-time bike riders:

What to Expect

Even though it may seem that motorcycles should have cheaper insurance options than regular motor vehicles, this is not always the case. An older car may have lower rates than a brand new street bike, insurance company Trusted Choice explains. They go on to say that rates do depend on where you live, the type of motorcycle, and how often you’ll ride. For example, if you live in New York and will only ride three months out of the year, you will pay less in insurance costs than someone who will ride every season, they say.

But, regardless of where you live, two factors come into play for higher insurance rates: age and experience.

What You Need to Know

Insurance costs for first-time bike riders tend to be higher. In an article by James Hirby on The Law Dictionary, younger and newly-licensed riders should “expect to pay a substantial premium” for a motorcycle policy. The reason for this, he writes, is that national statistics show younger riders are more likely to be involved in serious accidents, unlike older, more experienced drivers.

Along with age and experience, if you also live in an area with higher accident and crime rates, you should expect to pay a higher premium due to increased risk, Trusted Choice adds.

How often you plan to ride also affects your rates. For instance, if your bike will be your main source of transportation, this will lead to paying more on your policy. Conversely, if you plan to only use it leisurely, you will pay less.

What You Can Do

Naturally, one way to see about reducing the amount you’ll pay is to do a price comparison between companies. You should do this prior to even purchasing your bike.

Another way to reduce insurance costs, Hirby and the Law Dictionary staff advise not purchasing collision or comprehensive insurance on the bike. They say that if you bought the bike with your own money, you are not obligated to pay for the cost of repairs in the event of an accident. This alone could save you an extra $100 per month.

Additionally, Trusted Choice notes that bikes with larger engines that are more powerful will also affect your insurance costs. As a first-time rider, spend your first few years on a smaller bike in order to reduce your premium. You can always upgrade later. (And, you’ll be able to afford to do so a little more easily.)

Lastly, you should get your motorcycle license and take a rider training course to reduce your premiums. This will show insurance companies that you took the time to learn how to become a skilled, cautious rider.

The good news is that costs will go down with age (and experience). So, be patient and wise about your decisions, and you’ll be enjoying that open road at lower rates in no time.

Death_to_Stock_Photography_RideorDie_6

Are you or have you been a first-time rider? Do you find these tips useful? Share your own thoughts and tips in the comments below!