- ROB M. IN TEXAS
INSURANCE ARTICLES & TIPS
In a tough economy the last thing we want to sacrifice is our own healthcare. Yet that is a quandary millions of Americans must confront everyday. We struggle to pay for our prescriptions at the drug store while insurance premiums continue to rise and the health care industry at large seems to be making record profits. It really does not make sense nor seem fair in the grand scheme of things. Fortunately, a number of companies are now offering free Rx cards online that can save you as much as 75% on your prescription medication. It is an ideal alternative for those with minimal insurance coverage or none at all. Even Medicare patients can benefit from the discounts.
Many first-time users may find the claim dubious that by registering online and printing out a simple card you could cut your pharmacy costs in half. A lot of card providers require you to pay a fee and use a card that is professionally manufactured. This is a waste of time and resources. Most drug companies want you to be able to afford their product, so they allow third party companies to give you free benefits to otherwise exclusive membership programs. Instead of mailing in an application and waiting for a card in the mail, your enlistment can be as simple as going online and printing out a piece of paper that will immediately get you savings at the drug counter. It does not make any sense to pay far more than necessary for prescriptions drugs, does it?
It is only natural that you want to be sure your loved ones will have a financial safety net should anything ever happen to you. But maybe you are in a tight spot with money and savings are slim. Term life insurance is a great alternative to its more common counterpart because it has significantly lower premiums that are set at a fixed rate for the term of your policy. These kinds of life insurance plans can range anywhere from 5 to 30 years depending on what length of time is most suitable for your needs. If you have grandchildren heading to college in a few years or a spouse with costly medical conditions, a term policy is a great and inexpensive alternative to a permanent life insurance plan.
Another advantage to term plans is that they usually have a fixed payout. That means the benefit of a policy will be the same amount on the first day of the contract as it would be on the last. If you are purchasing a plan with dependents in mind, you can calculate how many years it will be until they are able to financially support themselves. For instance, a father with 3 children in high school would most likely not need a contract lasting longer than 15 years. But what if the term expires and you want to still be insured? Many companies will extend the term but you will be subjected to markedly higher premiums. Alternatively, you may purchase a permanent life insurance policy at a discounted rate, though the premiums will again still be higher than a term policy.