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How to Know if You Have Enough Health Insurance

How to Know if You Have Enough Health Insurance

Does your health insurance give you peace of mind? Or are you worried your employer-offered coverage just doesn’t do enough?

Supplemental health benefits fill in the gaps where health care coverage falls short.

So don’t worry about hospital bills, the after-effects of a car accident or getting proper medical care after a heart attack or stroke. With supplemental health insurance, you can get the coverage you need for true peace of mind.

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Follow these steps

The best way to go about buying supplemental health benefits involves several key steps. “First, get to know your existing coverage,” says Greg Feste, CEO of Rezilient Direct. “That way, you can identify where the gaps occur and know what kind of supplemental benefits you need. The right supplemental coverage will pay for costs that won’t be covered by your primary insurance. But it shouldn’t replace your primary coverage. It’s an additional policy.”

Supplemental health insurance also offers certain benefits that your primary coverage won’t. “Think of it as a customizable benefit,” Greg Feste advises. “Many of the policies offer advantages that primary insurances don’t, such as no deductible or waiting period. Often cash benefits will be paid out to you. In addition, the plans typically don’t have contingencies, so you’ll get the benefits regardless.”

The kinds of coverage available

Before you buy the coverage, talk to an expert about the types of benefits you can get with supplemental insurance, which can cover expenses such as:

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  • Medication.
  • Hospital stays.
  • Deductibles.
  • Copayments.
  • Coinsurance.
  • Transportation.
  • Food.
  • Childcare.
  • Income replacement.
  • Long-term care.
  • Other costs associated with a hospital stay, accident recovery or illness.

Some of the most popular types of supplemental health insurance includes dental and vision, accident, critical illness, cancer, hospitalization, heart and stroke, term life and short-term disability.

Making a wise investment

Contrary to what many people think, supplemental health insurance is a cost-effective and affordable solution. “It’s a wise financial investment for people who have plans with a high deductible,” reports Greg Feste. “To keep costs low, often people will choose a high-deductible employer-provided insurance plan to lower monthly premiums. However, the downside is higher costs out of pocket.”

With supplemental health benefits, you can get some relief from these costs. Just be sure to choose a plan that ensures coverage for deductibles and related out-of-pocket costs associated with care. Plans are very affordable, with “some plans costing as little as $12 to $15 a month for an individual, and for families, it’s just slightly higher, around $20 to $30 per month,” says Feste.

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Still not sure you need supplemental health coverage? Grab a calculator and run some numbers. Add up all of the health care costs you incurred last year, including out-of-pocket expenses and deductibles. Tack on at least a $10,000 bill for a major medical event and estimate how much of that bill you’d be responsible for (this is the average lowest cost for a major medical event – should one happen to you or a family member).

Then, calculate if these costs over the year add up to more money than you’d pay for supplemental insurance. If they do, consider purchasing supplemental health benefits to prevent a major health care event from creating a devastating and lasting impact on your financial health.

For most consumers, it pays to get a supplemental plan, especially one that would cover lost wages or a mortgage payment – should you have to stay in the hospital for a long time. The coverage provides true and lasting peace of mind, for just pennies on the dollar. So what are you waiting for? Go talk to your insurance professional to review your existing coverage and discuss options for purchasing supplemental benefits.

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Featured photo credit: Flickr via flickr.com

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Last Updated on September 18, 2020

7 Simple Rules to Live by to Get in Shape in Two Weeks

7 Simple Rules to Live by to Get in Shape in Two Weeks

Learning how to get in shape and set goals is important if you’re looking to live a healthier lifestyle and get closer to your goal weight. While this does require changes to your daily routine, you’ll find that you are able to look and feel better in only two weeks.

Over the years, I’ve learned a lot about what it takes to get in shape. Although anyone can cover the basics (eat right and exercise), there are some things that I could only learn through trial and error. Let’s cover some of the most important points for how to get in shape in two weeks.

1. Exercise Daily

It is far easier to make exercise a habit if it is a daily one. If you aren’t exercising at all, I recommend starting by exercising a half hour every day. When you only exercise a couple times per week, it is much easier to turn one day off into three days off, a week off, or a month off.

If you are already used to exercising, switching to three or four times a week to fit your schedule may be preferable, but it is a lot harder to maintain a workout program you don’t do every day.

Be careful to not repeat the same exercise routine each day. If you do an intense ab workout one day, try switching it up to general cardio the next. You can also squeeze in a day of light walking to break up the intensity.

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If you’re a morning person, check out these morning exercises that will start your day off right.

2. Duration Doesn’t Substitute for Intensity

Once you get into the habit of regular exercise, where do you go if you still aren’t reaching your goals? Most people will solve the problem by exercising for longer periods of time, turning forty-minute workouts into two hour stretches. Not only does this drain your time, but it doesn’t work particularly well.

One study shows that “exercising for a whole hour instead of a half does not provide any additional loss in either body weight or fat”[1].

This is great news for both your schedule and your levels of motivation. You’ll likely find it much easier to exercise for 30 minutes a day instead of an hour. In those 30 minutes, do your best to up the intensity to your appropriate edge to get the most out of the time.

3. Acknowledge Your Limits

Many people get frustrated when they plateau in their weight loss or muscle gaining goals as they’re learning how to get in shape. Everyone has an equilibrium and genetic set point where their body wants to remain. This doesn’t mean that you can’t achieve your fitness goals, but don’t be too hard on yourself if you are struggling to lose weight or put on muscle.

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Acknowledging a set point doesn’t mean giving up, but it does mean realizing the obstacles you face.

Expect to hit a plateau in your own fitness results[2]. When you expect a plateau, you can manage around it so you can continue your progress at a more realistic rate. When expectations meet reality, you can avoid dietary crashes.

4. Eat Healthy, Not Just Food That Looks Healthy

Know what you eat. Don’t fuss over minutia like whether you’re getting enough Omega 3’s or tryptophan, but be aware of the big things. Look at the foods you eat regularly and figure out whether they are healthy or not. Don’t get fooled by the deceptively healthy snacks just pretending to be good for you.

The basic nutritional advice includes:

  • Eat unprocessed foods
  • Eat more veggies
  • Use meat as a side dish, not a main course
  • Eat whole grains, not refined grains[3]

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Eat whole grains when you want to learn how to get in shape.

    5. Watch Out for Travel

    Don’t let a four-day holiday interfere with your attempts when you’re learning how to get in shape. I don’t mean that you need to follow your diet and exercise plan without any excursion, but when you are in the first few weeks, still forming habits, be careful that a week long break doesn’t terminate your progress.

    This is also true of schedule changes that leave you suddenly busy or make it difficult to exercise. Have a backup plan so you can be consistent, at least for the first month when you are forming habits.

    If travel is on your schedule and can’t be avoided, make an exercise plan before you go[4], and make sure to pack exercise clothes and an exercise mat as motivation to keep you on track.

    6. Start Slow

    Ever start an exercise plan by running ten miles and then puking your guts out? Maybe you aren’t that extreme, but burnout is common early on when learning how to get in shape. You have a lifetime to be healthy, so don’t try to go from couch potato to athletic superstar in a week.

    If you are starting a running regime, for example, run less than you can to start. Starting strength training? Work with less weight than you could theoretically lift. Increasing intensity and pushing yourself can come later when your body becomes comfortable with regular exercise.

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    7. Be Careful When Choosing a Workout Partner

    Should you have a workout partner? That depends. Workout partners can help you stay motivated and make exercising more fun. But they can also stop you from reaching your goals.

    My suggestion would be to have a workout partner, but when you start to plateau (either in physical ability, weight loss/gain, or overall health) and you haven’t reached your goals, consider mixing things up a bit.

    If you plateau, you may need to make changes to continue improving. In this case it’s important to talk to your workout partner about the changes you want to make, and if they don’t seem motivated to continue, offer a thirty day break where you both try different activities.

    I notice that guys working out together tend to match strength after a brief adjustment phase. Even if both are trying to improve, something seems to stall improvement once they reach a certain point. I found that I was able to lift as much as 30-50% more after taking a short break from my regular workout partner.

    Final Thoughts

    Learning how to get in shape in as little as two weeks sounds daunting, but if you’re motivated and have the time and energy to devote to it, it’s certainly possible.

    Find an exercise routine that works for you, eat healthy, drink lots of water, and watch as the transformation begins.

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    Featured photo credit: Alexander Redl via unsplash.com

    Reference

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