Stone Insurance Services (SSIS) is an independent
Sydney health insurance agency concerned about social
and environmental issues throughout the world. Our Good
Karma Program donates 1% of premiums to Progressive
specializes in providing quotes for Sydney
health insurance. We are experts in Sydney
individual health insurance , providing family
& individual health insurance quotes for Term
Life Insurance , Dental
Insurance , Vision
Insurance , and Disability
has successfully built both Sydney health
insurance and national group health insurance plans and
for businesses of all sizes. We provide quotes for Group
Health Insurance , Life
Insurance , Dental
Insurance , Vision
Insurance , Disability
Insurance , affordable dental plans , Workers
Compensation and specialty group health insurance
plans and supplemental insurance plans..
meet each of our clients needs by researching the best
health insurance plans at the lowest possible rates
and provide unparalleled customer service.
Latest From Our Blog
The use of medical marijuana products like CBD oil is spiraling in popularity all over the United States. Based on studies, 90% of those who use medical marijuana claim to have acquired positive results while 80% of doctors support the use of CBD oils and other medical marijuana products. Though this is the case, CBD oils and other products extracted from marijuana are yet to get federal approval.
What Truly Is CBD Oil
CBD is one of the compounds of marijuana. It is the natural extract from the cannabis plant which, when combined with ingredients like coconut or olive oil, make CBD oil. CBD is a non-psychoactive compound so it does not make you high. CBD oil is essentially extracted from hemp rather than marijuana itself. Hemp is quite different from marijuana in that it does not affect the functionality of the brain cells.
Studies and researches have already confirmed CBD oil to have extensive medical benefits. It is widely recommended for patients with inflammation and pain problems. In fact, it is approved in some states in the US. This does not mean, however, that it is already cleared as a prescription med for use in treatments.
CBD Oil and Insurance Coverage
With a huge number of studies backing the use of CBD oil for medical treatments, some states all over the United States have already approved its use while some states are yet to legalize its use. Regardless of the legalization status of CBD oil, the big concern among most people is the issue of insurance coverage. Only a few insurance companies cover CBD oil use in their medical insurance coverage. The biggest problem is that the premiums are extremely high and not many people can afford them.
Unfortunately, almost 99% of insurance companies do not cover CBD oils. This is based on the fact that CBD oil is a product of marijuana so it is categorized as one of the Schedule 1 controlled substances at the federal level. Drugs and substances that are classified as Schedule 1 are considered illegal due to serious concerns on safety, the increased potential for abuse, and supposed non-medical use. That said, even in the states that have approved the medical use of CBD oils, people have to use their out-of-pocket money to pay for the medication.
When deciding which drugs to add to their medical cover, most insurance companies only settle for medications that are clinically researched and clinically approved. Even with the extensive researches and scientific narratives recommending the use of CBD oil for treating different health conditions, there are no rigid clinical reports to support these claims.
Likewise, CBD oil is not FDA approved either, which means that its efficacy is still undergoing testing. It is good to get your facts right before you go ahead to buy a medical insurance policy. While it is already confirmed that most insurance companies do not offer coverage for CBD oil, you may be surprised to realize that your insurance company offers insurance coverage for CBD oil. Just do not be in a hurry to make your decision when choosing an insurance company. Conduct a thorough and extensive research to find the perfect insurance company for you. And, do not hesitate to make inquiries about the drugs the insurance company covers on their medical insurance policy.
Starting a new family entails a lot of responsibility in ensuring the wellness and safety of every member. It is best, therefore, to always be prepared, most especially for the unexpected. This is the reason why it is prudent to take out an insurance policy or two for the family's protection. However, choosing which kind of insurance coverage to have might be a confusing task. There are several types of policies that cover almost everything, from protection from car theft to home and property insurance, the selection process can become a confusing one.
However, the new family should prioritize and choose the most important insurance coverages suited to them. They can then opt to add more policies as their finances allow them to and their needs and lifestyle require them to do so.
Here are the top 3 insurances a new family must consider getting:
This insurance is also known as homeowners insurance. This type of insurance covers four types of incidents: interior damage, exterior damage, loss of or damage to personal belongings, and injury occurred while on the site.
There are different varieties that offer different coverages but often cheap home insurance isn't hard to find. There are 8 coverage levels from HO-1 to HO-8 namely basic form, broad form, special form, tenant's form, comprehensive form, condo form, mobile home form, and older home form.
- HO-1 is the most basic which only covers your home from events of fire and lightning.
- HO-2 (broad form) has the coverage of HO-1 and additional events like natural occurrences of hail and windstorms, and man-made events like theft, vandalism, and explosion, among others.
- HO-3 (special form) provides insurance for your home and additional structures like garages, boathouses and other similar structures. Although, when it comes to personal belongings, HO-3 only insures belongings that are covered by an HO-2 form.
- HO-4 (tenant's form) has the same policy or damage coverage as HO-2 but is offered to tenants to protect their belongings on locations they have rented out.
- HO-5 (comprehensive form) insures your home from all perils, unlike the previously mentioned forms that only cover specific perils or events.
- HO-6 (condominium form) insures items not covered by the condominium's existing home insurance form.
- HO-7 (mobile home form) accounts for similar insurance of property and belongings to homes that fall under the mobile home category.
- HO-8 (older home form) covers homes that are built with discontinued materials and insure the costs of modern installations and updating of fixtures
Health insurance helps you from incurring health-related expenses s such as doctor's appointments, test, drugs, and surgeries to name a few. It may also reimburse your expenses for the treatment of specific injuries and illnesses. It would be best, however, to be thoroughly knowledgeable with what the health insurance covers.
Some varieties of health insurance are health maintenance organizations (HMO), preferred provider organizations (PPOs), and exclusive provider organizations (EPOs).
- A Health Maintenance Organization has the least paperwork to fill out but also has the least "power" to pick your healthcare providers. Referrals are mostly needed before you can have an appointment.
- Preferred Provider Organizations (PPOs) give you more freedom in choosing your health care providers compared to HMOs. They also do not require referrals from an accredited healthcare professional. You may also see out-of-network doctors. However, this kind of health insurance can be more expensive.
- Exclusive provider organizations are similar to PPOs. They give you more freedom in choosing your physician with no referral needed. However, if you have this type of health insurance and decide to see an out-of-network doctor, you must pay all costs as EPOs do not cover it.
Life insurance is essential, most especially for the family you leave behind when you pass. This can help your family who may lose their means of sustaining themselves, especially if you are the primary breadwinner. It also covers the fees incurred as a result of the policy holder's passing such as mortuary and burial fees.
There are many types and forms of insurance that are needed by an individual and their family. Hence, you should know and fully understand the particular insurance program that is best suited to your family's lifestyle and financial capacity.
Understanding your health insurance as a mom-to-be is a very important step, considering that you will need a series of doctor visits and tests to be run on you and your baby. Being conversant with what your private health insurance can cover during your pregnancy can greatly assist you in avoiding surprises at the most crucial times.
In the past, private insurance companies offering health insurance could decline and refuse your application for their coverage while you are pregnant. This was mainly due to the fact that they considered pregnancy as a preexisting condition. However, this is not the case anymore. Nowadays health plans are not allowed under the Health Care Law to add additional charges just because you are pregnant.
Private health insurance plans (with maternity coverage) can foot the bill for every cost ranging from pregnancy to childbirth. This is applicable even if you were pregnant before your insurance coverage took effect. To young parents, this is a great relief financially since maternity care plus childbirth services are provided in their coverage before and after delivery of the baby. This can last up to when your baby starts to walk. Parents who look for the best baby walker on the market often pick up additional insurance at this time too.
Having a baby is one of the rare moments we get to experience in life. Availing of child and maternal services by using a private health insurance program has some added benefits compared to using public health services. Most private health insurance companies tend to exclude pregnancy coverage in their insurance policies, but if that clause is added in your coverage you have all the reasons in the world to be happy. If you are wise to have private health insurance with a maternity cover, you will be able to avoid some heavy bills that come along with giving birth.
In private health systems, parents are offered high-quality services, continuity of services, and above all, they experience a high level of comfort during pregnancy when giving birth, and in the immediate days after the birth. In a private insurance cover, the parents have the privilege of choosing their obstetrician, and other specialists such as a midwife and pediatrician. They can also access high-quality healthcare check-ups compared to their equals in the public system.
The private system gives one also the freedom to be consulted before certain decisions are made regarding your pregnancy and delivery process. For instance, you can have a discussion with your obstetrician about the best way of delivery. You can opt for a much suitable way either cesarean option or the normal childbirth after proper consultations with your obstetrician.
Members covered by private insurers enjoy lengthy stays in the hospital as opposed to those who deliver in public hospitals. During their stay in the hospital after the delivery, they get access to quality post-natal recovery services compared to their colleagues in public facilities. After natural delivery, they stay on average three days and five days when delivery was on the cesarean process this is mainly done to ensure the parent heals fully and is healthy to breastfeed the baby.
During their stay, they are offered a private room which often includes a bed for the patient and another one for the patient's partner or relative. This is to enable them to spend some quality time with the newborn and comfort the mother on the first few nights. This extra stay in private hospital ensures the parents receive more comprehensive advice on how to take care of the baby.
It is therefore important for soon-to-be parents or those who are thinking of having children to rethink their stand on whether they should get pregnancy cover as a couple when they take out a health insurance from a private provider. They have to weigh the pros and the cons while bearing in mind that when they do, they can opt for one with a pregnancy cover for the mother and another one without such coverage for the father. The fathers do not actually need such a coverage, therefore taking out a couple policy at this time would not be advisable.
Finding the right health insurance for your needs can be a daunting and time consuming task. However, a helpful guide such as this never goes astray in leading you on the right path. Today we are focused on finding a Medicare supplement plan that ticks all the boxes.
What are Medicare Supplement Plans?
Firstly, let's delve into what a Medicare supplement plan is and how they provide benefits to their customers. Generally, these plans tie into your Medicare Part A and Part B. They come in particularly handy for your out-of-pocket costs. Different plans will cover different amounts of costs depending on the needs of the customer. Some common costs include co-insurance, co-payments, and deductibles. Out in field is where it becomes a little trickier, as doctors have to agree to Medicare assignments in order to cover these upfront costs. These doctors are normally ones you can choose yourself. But you roll the dice as the fees increase if the doctor chooses not to accept the Medicare assignment.
Range of Coverage
Medicare supplement plan providers vary from state to state in the US. Some states have what is called Medicare SELECT. This is often a collection of doctors and/or hospitals that all work together under the same umbrella. This means that when you are part of a plan like this, you will have to stick to the network outlined in the plan. Outside of the network and the bills will come pouring in during and after the treatment.
Currently, the market offers 10 plans that have an alphabetic letter to represent them. These include A, B, C, D, F, G, K, L, M, and N and are available across most states, with a small handful having their own set of plans.
We have covered what is covered, however, let's focus on what is not. This may include, glasses, hearing, aids, dental, nursing, and prescription drugs to name the major areas.
Now that we know the ins and outs of what Medicare supplement plans involve, let's look at how the market presents these plans to customers. The good news for the consumer is that it's a competitor market out there and the prices are kept low in the process. Some of the leading brands in this industry are:
- Mutual of Omaha Medicare Supplement Plans
- Aetna Medicare Supplement Plans
- Cigna Medicare Supplement Plans
- United American Medicare Supplement Plans
- Bankers Fidelity Medicare Supplement Plans
At the top of the list there is Mutual of Omaha Insurance Company. These guys are the heavyweights in the industry and offer consumers substantive coverage. They've been around since the turn of the 20th century and have an in depth experience of the medical industry. Their plans generally offer flexible choice in doctor, coverage you can take with you, reduced fees and a Guaranteed renewable. Mutual of Omaha are our pick of the bunch as their stable rates combined with superior customer service give them the edge over the competition. Their claims are processed quickly and have a track record of happy customers.
Tell us about your experiences with Medicare supplement plans and what to look at or stay away from when choosing a provider. It's a complex field, but we hope this short guide has helped you navigate the industry.
A business is a dynamic system where resources such as land, labor and capital are utilized to generate a profit or monetary rewards. Tangible resources are expensive, natural resources have become limited, and the quality of a labor force can become unstable and unreliable, which is why businesses are risky operations. A business can either succeed or fail.
A business has a 50/50 chance of succeeding, and only the brave and talented can see the glass half full and knows how to win a gamble without relying on Lady Luck. Good businessmen reduce or eliminate liabilities and secure their ventures with insurances.
Two of the most popular business insurances are Prize Indemnity Insurance and Contingency Insurance.
Prize Indemnity Insurance
Prize Indemnity Insurance is where a business passes the responsibility of paying its promised award on to an insurance company should there be a winner. Businesses such as lotteries, sweepstakes, and raffle promos earn by collecting registration fees or some sort from participants and spending only a fraction of it for insurance who will reimburse the insured if the prize is won.
Here are instances where prize indemnity insurance is suitable for a business:
- A game of spin the wheel was a promotion at a small grocery shop. The probability-based prize was won and was covered by prize indemnity insurance on behalf of the sponsor.
- A wager is placed at the NBAs. It is a sport highly based on skill and an insured organizer gets a prize indemnity insurance to pay for the prize triumphed.
- An insured business of a product brand sponsors a game of Scratch and Win at a department store. The business is able to propose a large prize to attract a crowd without risking award value. At the same time, the insured was given the chance to advertise without expense.
Contingency Insurance, on the other hand, provisions for a possible, unforeseen, incidental future event that may affect a company's business, be it product or service, to customers which in turn may cause loss of income or bankruptcy. Most, if not all businesses, find it a necessity to get insured for contingencies. Accidents like fire; faulty machinery; human error; natural calamities such as storms, floods, hurricanes; and even the expected wear and tear of infrastructure can affect an entire enterprise negatively.
Here are examples of businesses' casualties where a contingency insurance is relevant:
- In 2013, Unilever's North American headquarters in New Jersey was handicapped by beaten, aging infrastructure which composed of five separate buildings in different locations. The offices cater to 1, 700 employees who need to constantly collaborate with one another. A contingency insurance could have helped with renovations and reconfiguring the spaces so that the avenue could have become a state of the art, effective and efficient workplace.
- Music artists who were supposed to hold an event in New York cancelled due to the failure of mechanical staging. A contingency insurance from La Playa covered for the commission lost due to forfeited opportunity.
- An insured business in Florida makes electronic products. The supplier has had a fire and is unable to provide for the insured. A contingency insurance covers for the profit the insured should've had if supplies had been delivered.
With insurance, a business grows by ensuring a consistently interested market and acquires profits by widening the margin while narrowing financial liabilities.