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Hilda Said:

How does malpractice insurance premium rates varies among states?

We Answered:

It is called Insurance Cap. I cant state the exact legal definitive term, but some states with low malpractice insuracen, have laws that state if a doctor is found negligent of mal practice the person can sue them for up a certain amount such as $250,000 and $500,000. The laws were put into place so patients would stop being law suit happy to become rich quick and driving hospitals and doctors and practices out of business.

Julian Said:

How can we limit insurance premium increases?

We Answered:

Currently, with over 300 million Americans, the number of uninsureds in nowhere near 40%. The number is around 45-47 million people. this equates to about 17%.

There are many things that contribute to the increasing cost of health insurance. Yes, medical malpractice insurance costs greatly contributes to this, but it is not the only factor. Our over-utilization of insurance is probably the biggest factor. We expect health insurance to pay for every little expense. This is a result of the rich benefits plans of the 80's and 90's, where managed care paid for all but $10 of every medical expense.

I am an advocate of High Deductible Health Plans. I sell them every day. If you are willing to "self-insure" for a portion of your medical expenses, you can expect that your premium will be lower and your increases will be slower.

Here's an example: I have a group with a $10 PPO plan that is looking at a HDHP. They are currently paying $23K per month in premium for 14 people. The premium for the HDHP is $8500 per month. The savings will be partially used to fund a portion of the deductible, using a Health Reimbursement Arrangement, whereby the employer will reimburse the employee for a percentage of every medical expense until the deductible is met.

The annual premium increases on these types of plans have typically been less than half of those of traditional co-pay plans. My clients are using these strategies to control their costs year over year.

Leonard Said:

What is the total national insurance premium amount spent by American consumers?

We Answered:

I don't think you will find one place where all of the various forms of insurance premium payments are tabulated. It is not easy and may, in fact, not be available at all because an accurate figure would have to include:

Permanent individual health policies
Temporary individual health insurance policies
Group policies paid 100% by the employer
Group policies where the employer and employee share the total cost
Self insured corporate plans (excess cover)
Cobra premiums paid by individuals
Medicare premiums paid by individuals
Premiums paid by retirees who are not yet on Medicare

Good luck on your quest.

Priscilla Said:

Auto insurance premium higher than what was quoted to me?

We Answered:

From my experience, this is due to an unmentioned ticket. This could be due to the insurance company 'looking back' further than you anticipated (example: you received a ticket in 2006 and you thought that they only cared about 2007 and beyond), or you forgot about it.

On a related note, some insurance companies (usually high risk, from what I've found), take general information -- your age, marital status, your insurance history (that you state), the vehicle year, vin, model, etc and calculate your premium based on those inputs and your word regarding those alone. However, when they run your insurance history, maybe they'll find a lapse in coverage, claims on a previous insurance policy, run your credit score, find a discrepancy, etc, and find that their risk is higher with you, so they'll adjust your premium accordingly.

As stated, though -- talk to your agent. There are several reasons why your auto insurance premium may have increased, but only your agent will be able to tell you the exact reason for that.


http://www.247autoinsurancequotes.com

Rita Said:

How much should I expect my auto insurance premium to decrease when I turn 25?

We Answered:

that premium is much too high. my wife and i only pay a total of 250 per six months and we are 23 and 22. check with other agents/companies and see what you can get.

as for percentage deduction, mine dropped 10% at 23. who knows what it will cut in a couple years.