Reasons For Mortgage Delinquencies
We went right to the source to find out the major reasons that families get behind on mortgages and bills: Freddie-Mac. Almost half of the mortgage delinquencies were caused by unemployment and loss of income! The second factor that caused families to get behind on their mortgages was a family illness. An illness could prevent a wage earner from working, and while Americans may have health insurance, many are not covered for disability. A much smaller percentage of Americans were simply over extended, or actually had a death in the family.
Can We Prevent The Causes For Mortgage Delinquencies?
We cannot prevent layoffs, and it seems like we get the news every day about large companies cutting back on staff. Many American workers, through no fault of their own, find themselves out of work. This can happen very suddenly and the workers have no chance to prepare themselves.
A worker may take months to find another job, or they may have to take a job for much less money because they have an urgent need to pay bills. Even when state unemployment insurance kicks in, the amount is usually much less than the income it is replacing. A normal state unemployment check may cover groceries, but will not pay a mortgage or keep the lights on.
In the case of illness or accident, there is no way to go back to work. If the worker has no disability coverage, it can take month or years to qualify for social security disability benefits, even if the worker can qualify at all!
Private Mortgage and Unemployment Insurance Provides Peace Of Mind
If you are employed, and are responsible for monthly bills like mortgages, utilities, and grocers, then you will want to consider a private mortgage insurance policy. The plans are easy to quote and apply for online, and they will provide security at a very affordable price. If you do not have any disability insurance, this is an affordable and simply way to obtain that important coverage. Even if you do carry some disability insurance at work, you can still obtain this plan, and since you own this plan, you do not have to worry about keeping it if you lose your job!
But most important, disability and health insurance will not cover you for involuntary job loss! However, we can tell you how to do that. You can continue your life, secure in the knowledge, that even if you job ends, your financial security will be extended. You can look for the right job, instead of taking a job in a panic.
Even though these private unemployment and mortgage protection policies are easy to apply for, and do not require health questions, some limitations apply. For instance, the qualification for unemployment benefits is generally the same as the qualification for state unemployment benefits. However, even if you do not think you qualify for that portion, because you are self employed or a business owner, you can certainly take advantage of disability or life benefits with no health questions.
Make sure you talk to a licensed representative or read further to make sure they fit your own needs.
Do you just leave everything to chance? Did you ever think of getting a life and health insurance? In today’s time, people need to secure their future and prepare themselves in case an unpredictable situation would arise. While it is true that the future is full of uncertainty, nothing beats a well-planned life and health policy when the worst happen.
Life insurance is very important if you have a family of your own. In the event that a person dies, of course you would want to protect your family’s current standard of living. Aside from burial expenses and funeral costs, you might want to invest in a life insurance policy that would cover your current debts and living expenses for your loved ones. Some would say that they would rather prioritize the basic needs and would later on worry about these things once they cross the bridge. But the truth is, if you have invested in life and health insurance and the unexpected happen today, you can then be sure that your family will be taken care economically in the future.
There are two general categories of life insurance: term insurance and permanent insurance. Term insurance allows you to pay premium coverage for a certain period that you have agreed upon. On the other hand, the permanent insurance policy never ends as long as you are paying the premiums.
Additionally, should you get sick and be hospitalized, you do not need to worry of huge bills if you invest in a good health insurance. According to a study made by Families USA in June 2004, uninsured individuals tend to delay seeking medications when they are sick. And as a consequence, they often land at the emergency room for serious conditions that could have been minor ones if they have sought medication at an earlier time.
Just like life insurance, there are two types of health insurance policies: medical and disability. Medical health insurance is the most common and covers benefits for injury or sickness. While, a disability income policy will supply you an income if ever you will be unable to pursue your occupation due to physical or mental impairment.
Regardless of which insurance policy you will choose, here are some helpful points to consider in lowering your insurance premiums:
1. Shop around for rates. Search as many as you can for companies that can give you affordable payment quotes.
2. Consider group health insurance. For health insurance, grab the opportunity if your company offers cheap health insurance policy wherein they pay a fraction of the costs. If your company does not offer this benefit, find a group health insurance. This is a low cost health insurance.
3.Take good care of your health. For life insurance, this will lower your premium while increasing your life expectancy. Make sure that you exercise regularly and eat healthy foods.
4. Avoid high-risk activities. If you are a rock climber, skydiver or perhaps a deep-sea diver, then your premiums will be higher since obviously, these are very risky activities.
5. Get an independent agent. For you to save money and time, you can look for an independent agent who can give you a lot of options with what corporation you will go rather than pushing only one company.
6. Study costs. Though you may be looking for a lower premium, weigh also the benefits of each type of insurance. Make sure that you get the benefits that you need and at the same time leave some money for your personal savings.
7. Consider term life insurance. At first, you may invest in a term insurance since this is cheaper than permanent. Also, remember that a term insurance can be converted to permanent but a permanent cannot be converted to a term.
Remember that you can always secure your future with life and health insurance without sacrificing your needs and jeopardizing your budget. It is always wise to be well prepared and there is no better time to start it, than no
Behavioral Health Services are some of the latest beneficiaries of reimbursement from Medicaid, which is acting under instructions from the Program Information Notice by the Health Resources and Services Administration. All nursing practitioners, physicians, physician assistants, clinical social workers and clinical psychologists, as well as Federally Qualified Health Centers that provide these services are entitled to reimbursement from Medicaid, which operates under the guidelines of the Program Information Notice, regardless of whether they the state Medicaid plan includes their services. However, these service providers must practice according to the state law in order to benefit from these guidelines.Although the blind, disabled and aged people, who are the main beneficiaries of the Medicaid funding that is available for behavioral health services, may not have easy access to public health services that meet medical necessities by targeting populations, the Program Information Notice means a lot to them and the overall Medicaid population. This is because it varies from one state to another.Although CHC offers behavioral health services to Medicaid populations that have lower behavioral health and higher physical health risks, the Program Information Notice is the overall financier in all states that have public health systems whose focus is on populations that have serious emotional problems and mental illnesses since it has the ability to create opportunities for other Medicaid populations. The Program Information Notice serves to assure net populations of their safety by ensuring consistencies between CHCs and HRSA initiatives, which are essential for the creation of behavioral health capacities and the reduction of disparities in the provision of health services.Medicaid models,which are different in each state, have numerous financing implications for the Behavioral Health Services that populations with various illnesses receive since their differences make is possible for CHC, CMHC and every community partnership with them to identify business models that provide the necessary support for their integration activities by assessing their specific policy and financing environments.The aforementioned partnerships enable the Medicaid population to access behavioral health services easily since they are largely responsible for the development of policy directions that deal directly with the access to these services without harming or excluding any populations that receive their services from the public health system.The Program Information Notice,which has a responsibility to implement and address the structural and financial issues of the various clinical models, plays a vital role in helping to make the treatment for depression more effective especially in primary care settings hence its special link to Clinical and System Strategies.Although some resulting papers from special issues of Administration and Policy Mental Health and Mental Health Services Research provide useful information about the various policy and financial barriers that exist in the system, the Program Information Notice provides a different integration approach. Consequently, it has proven to be more effective in patching together various sources of funding.State Medicaid pilot sites seek to find similar financing components even though the Federally Qualified Health Center and CMHC have a partnership that has a sustainable model for financing CMHC clinicians in through the various FQHC sites.
This article will help you begin taking control of your new insurance needs. In Part 1, we discussed aspects of automobile and homeowner’s insurance after divorce. In Part 2, we’ll introduce you to life and disability insurance. When you’ve decided what coverage is right for you and your family, be a smart consumer and compare costs. Insurance companies vary significantly in the premiums they charge. You can save a lot of money by spending a little time shopping around for the best insurance product for the price you can afford. LIFE InsuranceDuring the marriage, couples often have life insurance policies that name the “surviving spouse” as the primary beneficiary, especially when they have children. A life insurance policy will pay out a specific amount to the beneficiary in the event of the insured’s death. Now that your divorce is final, a change in your beneficiary designation may be appropriate for all of your policies. Most insurers require the use of their official change of beneficiary designation form — you should call your insurer and get that form mailed to you.As part of the settlement of your divorce, the party obligated to pay child support or spousal maintenance may also be required to maintain a life insurance policy to ensure that those payments continue even after a tragedy. If you are the one receiving the support, you may have concerns that the policy will lapse or that the beneficiary will be changed without your knowledge. If you have those concerns, then you might consider arranging to pay the premiums yourself.Term life insurance policies provide coverage for a specific length of time, usually for a one year period. There is no equity or cash value, so a term life policy is not an investment tool. As you get older, or as your health diminishes, the premium generally increases or the amount paid on death decreases. When it comes to cost savings, these policies may be a good option and easier on your insurance budget.The variable life insurance policy is a combination of insurance and investment, and investments always involve risk. Once the money is taken out to pay the premium, the remainder is invested. For this policy to work as an investment vehicle, more money is paid by the policyholder than is needed to cover the premiums. There is a guaranteed minimum payment on death under the insurance. There is a potential that the invested portion will also provide money on death, but as with any investment, there is no guaranteed rate of return. These policies tend to be much more costly than other life insurance products.The whole life insurance policy is a long term approach to insuring a life. The policy will provide coverage over the course of the insured’s lifetime at a set premium. Typically, the premium is paid over the duration of the policy, up until the death of the insured. If you are willing to stay with one insurance company for life, this may be an option for you. DISABILITY InsuranceIndividual disability insurance will cover your monthly income for a specific period if you are unable to work because you have an illness or have been injured. If you are paying spousal maintenance or child support, a disability insurance policy can cover expenses in the event you become disabled and cannot earn an income. It is not uncommon for people to fall into arrears on their support obligations because of illness or injury, so even a few months of disability coverage can make a big difference. COBRAIf one spouse is covered by the other spouse’s employer insurance program, then the divorce is a “qualifying event” that gives the non-employee spouse COBRA coverage for up to three years (36 months). Although this may represent a cost-savings compared to independent coverage, the premiums must still be paid or coverage will lapse.Your insurance decisions require a determination of your risk comfort level. Speak with your insurance agent about the risks and benefits associated with any changes to your existing policies. Make sure your agent has answered all of your questions. Your risk and budget concerns should be carefully addressed in your insurance policies, both new and existing.