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Clarence Said:

Republicans would any agree if insurance companies are allowed to go into all the states ?

We Answered:

I'm not a republican...but the real problem is the greed...check out the CEO pay of the health care sector...insurance companies, hospitals, medical suppliers. Millions

Only 70 to 80 percent of the monies collected are used for health care. 20 to 30 percent profit...they are asking for a 9 percent increase this year.

The real issue is...will your health care professionals accept the insurance you select.

Republicans want to start over...they see Obama reforming health care as an accomplishment..they cannot let that happen.

If the republicans in congress wrote the entire bill...when they voted on it, they would vote no. They did that in 2007 and 2008. You have people like Ron Paul and Wilson...who vote no on everything. Check it out!

Carl Said:

Is there a law in NYS that says all health insurance companies are obligated to pay for a home birth?

We Answered:

Nope. And here in TX, they aren't, either. I looked into it - wanting a home birth with my last baby.

See, they have "in network" providers. My insurance company - Cigna - just doesn't HAVE any in network midwives (in HOUSTON, TX, the 4th largest city in the USA!). They WOULD pay for a midwife in a birthing center - just not in a home. Unfortunately, here in TX, birthing centers are not allowed to do vbacs.

It's a racket. They COULD have paid $3000 for all my prenatal and delivery - instead, they've got bills for over $15,000 for a C-section again, as the hospitals don't like to wait for women to labor (time is money!).

Shelly Said:

will the insurance companies pay for all the property loss and damange caoused by natural disasters in MidWest

We Answered:

Flood is excluded from the standard homeowners policy. So only those people that purchased a flood policy (NFIP) will be covered for flood damage.

As far as wind (tornado), most homeowners policies provide coverage for wind damage.

Insurance companies have re-insurance. It's insurance for insurance companies. And insurance companies pay very hefty premiums for re-insurance. In a large disaster, after the insurance company has paid out a certain amount, the re-insurance kicks in to pay the insurance company back for some of the losses the company paid out. A good re-insurance program can keep an insurance company from going bankrupt in a large loss.

How do they work the claims?
One claim at a time.

The companies will bring in help from other states. These "cat teams" will hustle to keep the claims moving. But, even with all the extra help, you can only work the claims one at a time. So, in a week or two when the news is putting some fella on tv complaining "it's been 2 weeks and I have not heard from my insurance company" -- keep in mind, the claims can only be worked one at a time. The adjusters are going to get to you....but it may take time to get to everyone - due to the volume of claims they have to work.

It's a myth that we work them slowly just to get the interest on the money. And any one who says that is ignorant.

When you have a claim -and this is a very simplistic explanation - insurance companies take money out of the big pot and put it in a little pot with your name on it. It's called a "reserve". When money is tied up in reserves - it can't be invested - it cant be used to pay employees, buy supplies equipment, nothing. The only thing it can be used for...is to pay your claim.

Insurance companies generally over reserve. That means, they set aside more money then they think they will need for your claim. This is one of the ways they make sure to have enough money to pay everyone. When the adjuster pays you - the left over money from your reserve (the little pot with your name on it) gets dumped back into the big pot where it can be invested, used to pay salaries, equipment etc. So the financial incentive is to actually work the claims as fast as possible so the left over money from all the little pots can be put back into the big pot and the insurance company start to use it for investments etc.

Ida Said:

Have All Health Insurance Companies Quit Selling Individual Policies For Kids?

We Answered:

All insurance companies in my state have quit offering child only policies, as have they in all states which I'm aware. Now, to insure a child at least one parent must also be on the plan. The reason for this is healthcare reform requires insurance companies to cover all pre-existing conditions effect 9/23/10. The companies had to quit writing child only policies to keep the premium from increasing drastically. After they've had a year or so loss experience we'll see what happens.

Byron Said:

do insurance companies really pay their salespeople all that residual they claim?

We Answered:

Sure, they really do pay those residuals. But only as long as you keep working for them. But they DON'T tell you, that 95% of the people wash out the first year.