Monthly Archives: August 2019

Why are you buying jewelry insurance?

Have you ever thought about buying insurance for your precious jewelry, which is sometimes expensive, so we
take extra care. But no matter how careful you are when using jewelry,
there is always the possibility of it being stolen, lost or damaged.
Jewelry insurance is essential and is useful in this case. If something
goes wrong with your jewelry, you can rest assured that it can be
repaired or replaced. Here are some of our tips on jewelry insurance.

All Types Of Jewelry Can Be Insured

From your precious wedding ring to the gorgeous watch that your mother gave
you as a birthday gift – any and all types of jewelry pieces can be
insured. Insurance companies can offer coverage for items such as rings,
watches, earrings, bracelets, necklaces, pendants, charms, and even smart jewelry.

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You Have To Get A Jewelry Insurance Quote

Similar to all other types of insurance, you will have to obtain an insurance
quote. An appraisal of the jewelry piece will be completed to ensure
that the insurance quote is appropriate. The appraisal lists a detailed
description of the item and provides an opinion of value based on the
jewelry’s characteristics. Keep in mind, you will want to go to a
professional and reputable jeweler for an appraisal to get the best
evaluation of your jewelry piece.You can search for more than one
insurance quote at a time.

Read And Understand The Coverage

Fully understanding what is written in your insurance will save your from any
hassle when it’s time to use the insurance. Some insurance may not
include full replacements or they may require a deductible prior to any
repairs or replacement. The more you know about what the insurance
offers, the easier it will be when it’s time to file a claim.

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Lost, Stolen, Damaged

Protect your jewelry from loss, theft, or damage with comprehensive insurance.
Comprehensive insurance is the best insurance to have as it covers the
most severe situations like when you leave your jewelry out somewhere,
it gets stolen, or if your jewelry cracks. Jewelry insurance companies
will replace the same jewelry piece or with a comparable piece, should
the exact jewelry piece not be available anymore.

Many times, jewelry is purchased with a warranty. Unlike insurance, the warranty is
limited. In addition, warranty is unlikely to replace jewelry in the
event of theft. With insurance, you don’t have to worry about wearing
jewelry.

Of course, there’s no need to buy insurance if you’re buying cheap jewelry.

Medicare Advantage Plans Explained

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Medicare is a government insurance plan that is available in four pats: parts A, B, C and D. These parts of Medicare plans have peculiar features. The part A Medicare plan, for example, covers hospital visits. The part B which is also known as medical insurance covers the products and tools utilized during hospital visits. The Part C Medicare plans are the Medicare advantage plans. The part D of Medicare is the prescription plan.

Medicare advantage plans are plans provided by private organizations. The government allows private organizations to fulfill this Medicare obligation. Parts A and B of Medicare plans are referred to as the original Medicare plans, while plans C and D are referred to as Medicare advantage plans since part D is included in Medicare advantage plans. Medicare benefits are thus available as original Medicare plans and Medicare advantage plans.

What do Medicare Advantage Plans cover?

All Medicare benefits apply to Medicare advantage plans. These plans thus offer advantages by offering parts A, B, C and D of Medicare. Medicare Advantage Plans are thus the form of Medicare which offer extra benefits and are administered by private organizations.

Types of Medicare Advantage Plans

Just like other forms of insurance, Medicare Advantage plans are available in different specifications, to serve varying needs. The types of Medicare Advantage plans offered by different insurance companies are highlighted below.

Health maintenance plans

These plans are the most affordable Medicare advantage plans. However, one is required to receive healthcare services from a specified list of providers that are within the network. With this type of insurance coverage, one may also need a referral from their primary care provider to access certain services.

Special needs plans

These Medicare advantage plans are tailored towards the needs of persons with peculiar chronic health conditions. Access to products and services with this plan is guided by rules peculiar to needs of persons with chronic health conditions.

Preferred provider organization

This type of Medicare Advantage plan allows more flexibility, in respect to access to products and services than health maintenance plans although a network of healthcare providers is also maintained. One can receive products and services from providers outside the network, but at a higher price when compared to the cost of visiting an in-network doctor.

HMO point of service

With this type of coverage, one is allowed to seek products and services from outside the network, but at a higher copayment in comparison to the in-network doctor.

Medical savings account: This type of coverage combines a savings account with a high deductible plan. Money is paid into the savings bank account and the money can be used for medical expenses.

Choosing the right Medicare Advantage plan

Insurance companies offer a variety of Medicare Advantage. It is important to understand the costs and benefits as well as guiding rules.

It is noteworthy that one’s access to Medicare Advantage plans can be restricted if the guiding rules are flouted. If a person is in a Medicare Advantage PPO or HMO and has a separate prescription drug plan, their access to Medicare Advantage Plan could be revoked.

Vision Insurance Explained

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The eyes are extremely important organs of the human body. The health of the eye thus influences one’s overall wellbeing. Vision insurance is a form of healthcare insurance that specifically cater to healthcare needs related to one’s sight.

Vision insurance is the form of healthcare insurance that is aimed at reducing the cost of the different medical care for the eyes. Thus, vision insurance could apply to expenses such as eye exams and eyewear such as glasses and contacts.

Because vision insurance is not necessarily a general form of insurance, it is important to understand the terms and conditions associated with a vision insurance offer before opting for it.

The Affordable Care Act directs that all insurance offers for children should include cover for eye care expenses. That directive is, however, not extended to adults. Affordable vision insurance plans for adults cover different eyecare expenses.

Vision insurance is typically offered in forms that differ from other types of insurance. The two forms of vision insurance generally offered are the discount vision plans and the vision benefit plan

Discount vision plan

This form of vision insurance is associated with low premiums. By paying monthly premiums under the discount vision plan, one gets eyecare services at a discount. Generally, the discount associated with discount vision plans ranges from 15% to 35%. Discounted eyecare products and service which one could access with a discount vision plan include exams, lenses and contacts. These products and services, however, differ according to the provider of the plan. Discount vision plan is known as the affordable vision insurance.

Vision benefit plan

Vision insurance can also be offered as vision benefit plans. These plans generally cost more than the vision discount plans. Vision benefits plans are the more traditional form of vision insurance. This type of vision insurance requires the payment of a premium that provides access to different products and services.

With this type of vision insurance, one can receive services and purchase products mostly from a network of providers. Other options may be allowed, depending on the provider. Like other traditional forms of insurance, vision benefit plans require the payment of co-pays. This form of vision insurances provides extensive coverage for eyecare expenses.

It is noteworthy that a lot of vision insurance providers do not extend vision benefit plan coverage to cosmetic procedures.

How to get a vision insurance plan

Vision insurance is available as group or individual plans. The group plans can be gotten through one’s employer, associations and government programs. Individual vision insurance plans are also available through local insurance brokers and agents.

An important step in getting a vision insurance plan is understand the full extent of the coverage. The coverage that comes with vision insurance varies with the provider. It is especially important to understand the costs and benefits of a vision insurance plan before opting for it.

Apart from the reduced cost of eyecare products and services, the importance of vision insurance lies in the fact that routine eye examination can indicate signs of other chronic conditions such as diabetes.