YOUR SOURCE FOR HEALTH INSURANCE AND WELLNESS INFORMATION |
First, A Little Insurance History......(Download Free Healthy Living Guide)All
insurance contracts, health insurance,
travel health insurance, life insurance, fire and casualty and others
are based
on a pool of contributing members who are then reimbursed for
unanticipated
losses in accordance with their contracts. Some of the earliest records of insurance
date back to the Amalfi Sea Code in 1063 AD. Merchants in In 1574 the 1st Chamber of
Insurance was established in England and in the next
century a coffee shop called Lloyds was a meeting place for merchants,
insurance underwriters, bankers and mariners. Thus,
the famous insurance company, Lloyds of London had its beginnings. Over the centuries the insurance industry has been providing the public with opportunities to protect their assets against unforeseen events, just like the Amalfi Sea Code centuries ago.. . Insurance is available now for almost any risk you can imagine. Golf hole-in-one insurance is routinely provided for a premium to the sponsors of the hole-in-one prizes at tournaments. The insurance industry including health insurance is tightly regulated by every jurisdiction
If you wish to set off a lively discussion
the next time you get together with your friends or co workers at a
coffee or
lunch break, just mention the subject of health insurance. You will without doubt
hear many differing
opinions. In
the past, if you began a new job you
were often automatically enrolled in your employer’s health
plan after your
first 90 days. Today
health care fees
and charges have increased at rates above the usual rates of inflation. As a result, insurance
companies have been
increasing their rates and that has forced many employers to cut back
on their
employee health insurance plans or eliminate health benefit packages
entirely.
Health insurance plans have many and varied
options, and you need to decide what is best for you after carefully
reading
all the small print. You
cannot make
assumptions regarding your overages and you need to understand some of
the
terminology. With knowledge regarding the terms and types of policies available you can make more informed decisions regarding your individual and unique circumstances. Knowledge is the most important tool you can have when looking for health insurance coverage.
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