Importance Of Cashless Hospital List In Health Insurance Policies

Cashless hospitalization is one of the major reasons the health insurance policies are becoming popular. Cashless hospitalization saves the insured from making last minute financial arrangements when going for treatment at the hospitals. With inflation on the rise, availing treatment in good hospital can be very dearing for the pocket. Hence, the majority of health care policies provide cashless hospital list wherein the insured can get the required cashless treatment facility.

What is cashless hospital list?

Cashless hospital list provides the list of hospitals which are on network of your health insurance company that facilitates the treatment without you paying any cost of treatment up to your coverage limit. The bill is directly settled by the insurer with your health care provider.

When you purchase a health insurance policy you receive health care card, policy document and a booklet containing cashless hospital list. Before buying a policy check if the preferred hospitals in your locality are on cashless hospital list of your service provider because in case of emergency hospitalization proximity does matter. Generally the service provider has tie up with all the good hospitals of every locality keeping in mind the customer benefit.

Is there any tax benefit on cashless policies?

Health insurance policies also act as a wise tax saving investment option. Premium paid towards health insurance policies is subject to tax rebate under Section 80 D of the Income Tax Act. This tax benefit is applicable to individuals and members of Hindu Undivided Family.

Mentioned below is tax benefit that you can enjoy:

The premium paid upto Rs 15000 p.a for self, spouse or your children
The premium paid towards parents health insurance upto Rs 15000 p.a. if they are less than 60 yrs old. This rebate is in addition to the premium you have paid for yourself, spouse and children
The premium paid towards parents health insurance upto Rs 20000 p.a. if they are more than 60 yrs old

To sum up you can avail maximum rebate of Rs 35000 on the premium paid covering your immediate family and your parents. Thus, health insurance policies is a good tax investment source too wherein the health of your loved ones is also secure and you enjoy tax benefit too.

Two important aspects to remember when considering heath insurance as Tax Saving Investment

Most of the people are oblivious of the fact that they can enjoy tax rebate if they pay premium for their parent’s health insurance policy. Hence, gift your parents health insurance and take mutual benefit.

Remember, if you have corporate health insurance policy through your company then the premium paid towards it is not going to fetch you any tax rebate as the policy is issued on the name of your company as it is paying premium on your behalf. So buy health insurance policies offering cashless hospitalization and get the advantage of tax savings.

International Health Insurance Plans

International health insurance programs are becoming more popular. The number of people who travel abroad has gone up in this current era of globalization. People who have the wanderlust find the need for a medical coverage while they are away from home. International health insurance provides broad coverage in the event of illness or injury.

Quite a few health-related mishaps can happen while travelling to a foreign country. Since you would not be a native, you might not be eligible for government-sponsored health care. If you travel overseas regularly either for business or for pleasure or maybe be as an international student, it is important that you have an international health insurance

Basically, international health insurance generally offers two plans.

* The travel medical insurance
* The expatriate medical insurance.

Although these both provide coverage in the event of sickness or accident, the coverage vary on their length of the stay in the foreign country.

The travel medical insurance is the more popular type of international health insurance used. This is a better option for those travellers who are making one tour or cruise and only stays in a foreign land for a shorter duration like seven days to six months. This usually consists of $1 million coverage for ordinary and emergency healthcare, home country coverage and trip interruption. However these plans vary from company to company. Another factor that may come into picture is your home country and the country that you would be travelling to.

Consider the case; if you are an American who wishes to live in another country for an extended time, the expatriate medical insurance is the plan for you. It is essential to make sure that you and your family is covered in your new country. The advantage of this over the travel medical insurance is that this can be renewable annually and has a bigger coverage of up to $5 million. In most of the countries, though the medical expenses are lesser compared to that of the US, this kind of insurance gives more options in foreign land as well.

Opting for an international health insurance plan is indeed a smart move, whether you are traveling just for few days or for a longer duration. But the key point again lies in making the right choice. Decide what plan will best work for your travel insurance needs, considering all the various parameters.

Group Health Solutions Inc. in New York NY offers the most comprehensive international health insurance plans.

Best Health Insurance Agent For Hsa Qualified Health Plans

A lot of people have asked us, what is it that makes HSA for America so special? Well, HSA for America which is the largest online health insurance agency specializing in plans that work with health savings accounts. We specialize in plans that work with HSAs.

Most health insurance agents, despite the fact that more people are getting HSA plans than are getting non-HSA plans, the typical health insurance agent is resistant to that change and there are a couple of reasons. One is that we all get into our habits and their habit is presenting conventional co-pay plans, but the bigger reason is that health insurance agents get paid commission for selling health insurance policies and the more expensive the premium is, the more commission they get paid.

HSA premiums are about 40% less than conventional co-pay plans so the agent earns a much lower commission and thus some don’t want to tell you about it, but that’s our focus is HSA plans, and our focus is finding ways to save our customers money. We show you how you can get discounts on prescription drugs, on lab testing, how you can have any medical bill over $200.00 renegotiated at no cost to you to see if they can lower the actual price you’re being charged and basically, we’re just trying to not only save you money, but to make the process easy.

So on our website at, there’s information on all the available plans, you can run instant quotes, you can compare different plans, compare rates with different deductibles and really find the plan that works best for you and that’s what this is all about. We’re all about helping you go out into the marketplace and really choose for yourself what will work best rather than being sold a plan that’s maybe best for the insurance agent, but not necessarily for you.

For more information on how to save money with HSA qualified health plans as well as many other money saving tips and strategies, go to There you will find more information not only about Health Savings Accounts and high deductible health plans, but also many other ways to seriously reduce your health care expenses and enjoy all the benefits of a truly comprehensive health plan.

Where to Get Cheap Colorado Health Insurance Plan Quotes

Although Colorado ranks high on income levels, the state unfortunately also ranks high on the number of people who are uninsured, with 15 to 17 percent of Coloradoans lacking health insurance. If you’re in this group here’s how you can get cheap Colorado health insurance plan quotes from top companies.

Who Are the Uninsured in Colorado?

You might think that only unemployed people don’t have health insurance. In fact, a third of the uninsured in Colorado work full time, but they work for small businesses that cannot afford insurance coverage for their employees. In addition, they tend to have lower incomes, with over half of the uninsured earning under 200 percent of the poverty level.

The high number of uninsured in Colorado affects the state economy in several ways:

* The uninsured sign up for state-sponsored health insurance programs such as Child Health Plan Plus and ColoradoCovers. These programs are paid for through state funding.

* Health care providers charge all their patients higher prices to subsidize the uninsured patients who are unable to pay for their care.

* As health care costs rise, so do insurance premiums, with Coloradoans paying as much as $934 extra each year in insurance premiums to cover the cost of the uninsured.

Where Can You Find Cheap Colorado Health Insurance Plans?

Everyone benefits when more people have their own health insurance. A great way to find cheap insurance quotes is to go to an insurance comparison website. You can find quotes for all types of insurance at these sites, including:

* Basic or comprehensive coverage

* Catastrophic or accident-only health insurance

* Traditional insurance, PPO plans, or HMO plans

* Long-term or short-term health insurance

* Home health care insurance

* Vision and dental insurance plans

The best insurance comparison websites even offer a chat feature so you can get answers to all your insurance questions directly from an insurance professional (see link below).

Going online to find your health insurance is quick, it’s easy, and it will save you money because you’ll get quotes from several different companies to compare. Give it a try!

Visit or click on the following link to get Colorado health insurance plan quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on getting cheap Colorado health insurance plan quotes.

California Health Insurance – How to Get the Best Rate

More than 21% of Californians do not have health insurance. If you’re one of these people, you risk losing everything you own if you become sick with a major illness and cannot pay your medical bills. Here’s how to get cheap California health insurance with a reliable company.

Research Private Health Insurance Plans

With 67% of businesses in California offering health insurance to their employees, many Californians receive health insurance through their employers. If you don’t have access to an employer insurance plan, private health insurance plans are a good option.

Health Maintenance Organization (HMO) plans are the least expensive, and most popular health insurance option. With an HMO, you must choose a doctor and hospital that are in the HMOs insurance network and you may need approval before visiting a specialist.

Another popular, but slightly more expensive plan, is a Preferred Provider Organization (PPO). PPOs provide comprehensive health services. You still must choose a doctor and hospital that are part of the PPO’s network, but you may see a doctor or specialist of your choosing by paying more for his or her services.

Choose a Health Insurance Company With the Best Rate

No matter what type of health insurance you decide to buy, the best way to find the best rate on California health insurance is to go online to an insurance comparison website. On this website, you’ll fill out a simple form with information about yourself and your insurance needs. Multiple A-rated health insurance companies will then send you quotes that you can compare.

The best comparison websites even let you talk online with insurance professionals so you can ask questions and make sure you get the best health insurance at the best price (see link below).

Visit or click on the following link to get California health insurance rate quotes from top-rated companies and see how much you can save. You can also get more insurance tips there.

The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on finding the best California health insurance rate quotes.