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Are you one of the fortunate ones that has a "good" job that provides you with benefits such as medical insurance. Most
jobs these days do not, even for full-time workers. There is also a new trick that is being used to deprive you of your
benefits and that is working you 35 hours a week instead of 40.
You are then considered less than full-time, and you not only
do not receive benefits, but it hurts your social security
benefits in the future, and excludes you from receiving
unemployment benefits should your employer decide to lay you
off for fire you.
"With health care costs increasing at more than twice the rate of inflation, health insurance is an essential part of any well-thought-out financial plan." "Changes may be taking place in the American health care system and you should talk to your insurance agent to be sure your coverage is adequate. As of late 1993, however, this is what you need to know." "Most Americans have health insurance through their jobs, but there are several recent developments that may affect your financial plans: * Faced with rising health care costs, many employers are shifting some insurance costs to employees via higher deductibles and co-insurance payments. * Many employers are also adopting "managed care" plans, under which you may face higher-out-of-pocket costs if you go to a doctor outside the network of physicians established by the insurer. Managed care also typically means that you must secure approval before entering a hospital or undergoing specific procedures. * Under the 1986 legislation known as COBRA (the Consolidated Omnibus Budget Reconciliation Act), you may be able to continue health coverage under an employer-sponsored group health insurance plan even if you or the covered employee lose your job. If you face the loss of group health coverage due to the death of a covered spouse, job termination, reduction of work hours, divorce or early retirement, you should contact the benefits manager of the employer sponsoring the group plan for information about the possibility of continuing the coverage at your own expense." "If you are not eligible to continue employer-sponsored group health coverage, if your on-the-job coverage is inadequate, or if you do not have health insurance through your job, you should talk to an insusrance agent about securing your own health insurance." "Other important of health insurance in the 1990's include: Go To Page: 1 2
The copyright of the article Do You Have Health Insurance? in Women in Politics is owned by . Permission to republish Do You Have Health Insurance? in print or online must be granted by the author in writing.
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