tag:blogger.com,1999:blog-81043712446275105902024-03-18T21:43:17.873-07:00Olympic Insurance Underwriters IncOlympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.comBlogger94125tag:blogger.com,1999:blog-8104371244627510590.post-90401003356981124442019-03-01T08:40:00.000-08:002019-03-01T08:40:49.577-08:00Take the mystery out of Medicare
A Medicare Advantage (MA) plan is a type of health plan offered by a private company that contracts with Medicare to provide you with all your Medicare Parts A and B benefits. MA plans include health maintenance organizations, preferred provider organizations, private fee-for-service plans, and Special Needs Plans.
Advantages of MA plans
Most MA plans have low monthly premiums. Some may not charge any monthly premium.
Some plans may provide more benefits than are covered under Original Medicare.
You generally can enroll regardless of your health history, unless you have End-Stage Renal Disease (kidney failure).
Disadvantages of MA plans
MA plans are annual contracts. Plans may decide not to negotiate or renew their contracts.
Plans may change benefits, increase premiums and increase copayments at the start of each year.
You may have higher annual out-of-pocket expenses than under Original Medicare with supplemental insurance coverage.
Your current doctors or hospitals may not be network providers or may not agree to accept the plan's payment terms.
In most cases, you cannot keep your stand-alone Medicare Part D plan and the Medicare Advantage plan.
What are the differences between MA plans and Medigap plans?
Medicare Advantage plans
Medigap plans
More out-of-pocket costs
Fewer out-of-pocket costs
Works only in your state, by region or county
Works in any state
Must use a provider network
No provider network required unless you buy a Medigap Select plan
Most plans cover Medicare Part D
Medicare Part D not included
Find more detailed information on the differences between these two plans in our "Comparing Medicare Supplement (Medigap) and Medicare Advantage plans" chart (PDF, 107KB).
Things to consider before you buy a plan
Ask your medical providers If they'll take the MA plan.
Ask the plan if It requires a referral for you to see a specialist.
If you live in another state part of the year, find out if the plan will still cover you. Many plans require you to use regular services within the service area (except for emergency care), which is usually the county in the state where you live.
Find out if the plan includes:
Monthly premiums
Any copayments for various services
Any out-of-pocket limits
Costs to use non-network providers
If you have Medicaid or receive long-term care, or live in a nursing home, Special Needs Plans may be available in your area. If you choose other types of MA plans, find out if:
The plan's in-network providers you use are certified to accept Medicaid.
In-network providers bill the plan correctly and/or refer to Medicaid providers as needed.
The providers' office knows what Medicaid covers and what the plan covers.
You'll have monthly premiums to pay. Medicaid will not cover MA plan premiums.Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-19196755931306297112019-02-09T11:17:00.001-08:002019-02-09T11:17:47.364-08:00The Value of Life InsuranceLife insurance is about providing for the people you care about most. It pays them a sum of money you choose and may help protect them from the financial impact of your death.
These funds can help your loved ones pay monthly living expenses, stay in their home and pay off debts, including final expenses. It can also help send a child to college one day, continue a family business or leave a legacy for your favorite charity.
Life insurance may be right for you if…
You want to provide for your loved ones
Your family means the world to you and you want to help make sure they’re taken care of after you’re gone.
You want your family to stay in their home
You want to help ensure your mortgage is paid after you die so your family doesn’t have to leave the home they love.
You want to make sure your kids go to college
If something happens to you, you want to help your kids get a quality education…just the way you planned.
You don’t want to leave your family in debt
You know there may be bills to pay after you’re gone. And you don’t want your loved ones to have to pay your final expenses.
We offer two basic types of life insurance
Term Life Insurance
Provides affordable coverage for a specific period of time. Payment amounts don't change for the guaranteed premium period.
Typically, proceeds from a term life insurance policy may be used to cover needs like:
Pay off the mortgage on your home
Provide an emergency fund
Help provide for a child's education fund
Pay off personal debts
Permanent Life Insurance
Provides protection that lasts a lifetime or for the life of the policy. It may build cash value that can be used even when you are living.
Typically, permanent insurance is used to cover long-term needs like:
Pay for final expenses
Provide an ongoing income for your family
Supplement retirement income
Fund an estate or business continuation plan<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJE3m2MFt5KbccTZLdAjAftbT8KBWT9gY0-_8ljs4FivXo97zwcw_p3erZkpw1peN07HBurIz7cWNKsz89K3_3YXSAfX4moJBYSF-3gTgZj-dV2ggPPzA7W-krtKHDzZAGK5Z-HphdKGk/s1600/family-2610205_1920+%25282%2529.jpg" imageanchor="1" ><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJE3m2MFt5KbccTZLdAjAftbT8KBWT9gY0-_8ljs4FivXo97zwcw_p3erZkpw1peN07HBurIz7cWNKsz89K3_3YXSAfX4moJBYSF-3gTgZj-dV2ggPPzA7W-krtKHDzZAGK5Z-HphdKGk/s320/family-2610205_1920+%25282%2529.jpg" width="320" height="214" data-original-width="1600" data-original-height="1068" /></a>Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-6463156255155669002019-02-02T08:24:00.000-08:002019-02-02T08:24:56.745-08:00ChildStartEvery parent wants their children to have the very best start in life. When it comes to how to make that goal a reality, parents should consider the ChildStart plan, offered through Olympic Insurance Underwriters Inc. This program gives your child a head start on saving for their college education, the down payment of their first home, and even their retirement, all while giving them the protection of life insurance.
The ChildStart plan is a way to help you set aside funds to protect your child's future while protecting their insurability, regardless of what happens later in life. The ChildStart life insurance policy provides insurance coverage for your child, coupled with a cash value savings component, which is certainly a smart start.
It can be tough to save money for your child's future; SmartStart aims to make that a little bit easier.
ChildStart goes beyond education expenses: in addition to using funds to help pay for the cost of college, available cash value can be used at any point in your child's life. If they want to use funds for a down payment on a home, they can do so! When it's time for them to retire, if the policy is still in force, they can even create a retirement income stream from their ChildStart policy.
By setting aside a small amount of money every month or quarter starting when your child is young, you can help them set aside cash for future needs while providing valuable insurance coverage.
A portion of your premium payment goes to pay the cost of life insurance coverage. The balance becomes part of the policy's cash value, which accumulates and grows tax-free.
<a href="https://www.olympicinsurance.us/life-insurance/"></a>Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-28279290195145741262015-04-07T06:51:00.004-07:002015-04-07T06:54:49.694-07:00Boat Insurance<br />
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Most companies provide limited coverage for property damage for small boats such as canoes and small sail boats or small power boats with less than 25 mile per hour horse power under a homeowners or renters insurance policy. Coverage is usually about $1,000 or 10 percent of the home's insured value and generally includes the boat, motor and trailer combined. Liability coverage is typically not included–but it can be added as an endorsement to a homeowners policy. Check with your insurance representative to find out if your boat is covered and what the limits are.<br />
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Larger and faster boats such as yachts, and personal watercraft such as jet skis and wave runners require a separate boat insurance policy. The size, type and value of the craft and the water in which you use it factor into how much you will pay for insurance coverage.<br />
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For physical loss or damage, coverage includes the hull, machinery, fittings, furnishings and permanently attached equipment as part of either an actual cash value policy or on an agreed amount value basis. These policies also provide broader liability protection than a homeowners policy. But there are distinct differences between the two types of policies.<br />
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<b>Actual Cash Value</b> policies pay for replacement costs less depreciation at the time of the loss. In the event of a total loss, used boat pricing guides and other resources are used to determine the vessel’s approximate market value. Partial losses are settled by taking the total cost of the repair less a percentage for depreciation.<br />
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<b>Agreed Amount Value</b> basis policies mean that you and your insurer have agreed on the value of your vessel and in the event of a total loss you will be paid that amount. Agreed Amount Value policies also replace old items for new in the event of a partial loss, without any deduction for depreciation.<br />
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Physical damage exclusions might include normal wear and tear, damage from insects, mold, animals (such as sharks), zebra mussels, defective machinery or machinery damage.</div>
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Boat insurance also covers: </div>
<ul>
<li>Bodily injury—for injuries caused to another person</li>
<li>Property damage—for damage caused to someone else’s property</li>
<li>Guest passenger liability—for any legal expenses incurred by someone using the boat with the owner’s permission</li>
<li>Medical payments—for injuries to the boat owner and other passengers</li>
<li>Theft </li>
</ul>
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Most companies offer liability limits that start at $15,000 and can be increased to $300,000. Typical policies include deductibles of $250 for property damage, $500 for theft and $1000 for medical payments. Higher limits may be available. Additional coverage can be purchased for trailers and other accessories. Boat owners may also consider purchasing an umbrella liability policy which will provide additional protection for their boat, home and car.<br />
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Boaters should also inquire about special equipment kept on the boat, such as fishing gear, to make sure it is covered and verify that towing coverage is included in the policy.<br />
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Boat owners should also inquire about discounts for the following:<br />
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<ul>
<li>Diesel powered craft, which are less hazardous than gasoline powered boats as they are less likely to explode</li>
<li>Coast Guard approved fire extinguishers</li>
<li>Ship-to-shore radios</li>
<li>Two years of claims-free experience</li>
<li>Multi-policies with the same insurer, such as a car, home or umbrella policy</li>
<li>Safety education courses, such as those offered by the Coast Guard Auxiliary, U.S. Power Squadrons, or the American Red Cross. </li>
</ul>
<b>Boat Safety</b><br />
There are thousands of recreational boating accidents per year. Contributing factors to these accidents include traveling too fast for water or weather conditions, driving under the influence of drugs or alcohol, failing to follow boating rules and regulations, carelessness and inexperience.<br />
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To prevent boating accidents, we offer these safety suggestions:<br />
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<b>Care and protection of vessel</b><br />
<ul>
<li>Check weather forecasts before heading out.</li>
<li>Let someone know where you’re going and when you expect to return.</li>
<li>Check engine, fuel, electrical and steering systems, especially for exhaust-system leaks.</li>
<li>Carry one or more fire extinguishers, matched to the size and type of boat. Keep them readily accessible and in condition for immediate use.</li>
<li>Equip the vessel with required navigation lights and with a whistle, horn or bell.</li>
<li>Consider additional safety devices, such as a paddle or oars, a first-aid kit, a supply of fresh water, a tool kit and spare parts, a flashlight, flares and a radio.</li>
</ul>
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<b>Care and protection of crew and guests</b><br />
<ul>
<li>Make sure that every person on board the boat wears a life-jacket.</li>
<li>Know and obey marine traffic laws, the "Rules-of-the-Road." Learn various distress signals.</li>
<li>Keep an alert lookout for other watercraft, swimmers, floating debris and shallow waters.</li>
<li>Pay attention to loading. Don’t overload; distribute the load evenly; don’t stand up or shift weight suddenly in a small boat; and don’t permit riding on the bow, seatbacks or gunwales.</li>
<li>Don't operate a boat while under the influence of alcohol or drugs.</li>
</ul>
Skippers can obtain free advice and boating-safety courses from the U.S. Coast Guard Auxiliary. Upon request, the auxiliary will conduct a Courtesy Marine Examination (CME) on your boat, checking electrical and safety equipment and fuel hoses. Boats meeting safety standards are awarded the CME decal “Seal of Safety.”<br />
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Article From :
<a href="http://www.iii.org/article/boat-insurance" target="_blank">http://www.iii.org/article/boat-insurance </a>
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Safeguard your boat or your personal watercraft and get specialized boat insurance coverage with our services. <b>Visit <a href="https://olympicinsurance.us/watercraft_insurance" target="_blank">Olympic Insurance </a></b></div>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-64919847557491761402015-03-13T08:23:00.004-07:002015-03-13T08:28:02.987-07:00What Is Covered by a Basic Auto Insurance Policy?<div style="text-align: justify;">
Your auto policy may include six coverages. Each coverage is priced separately.</div>
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<u><b>1. Bodily Injury Liability
</b></u></div>
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This coverage applies to injuries that you, the designated driver or policyholder, cause to someone else. You and family members listed on the policy are also covered when driving someone else’s car with their permission.</div>
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It’s very important to have enough liability insurance, because if you are involved in a serious accident, you may be sued for a large sum of money. Definitely consider buying more than the state-required minimum to protect assets such as your home and savings.</div>
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<u><b>2. Medical Payments or Personal Injury Protection (PIP)
</b></u></div>
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This coverage pays for the treatment of injuries to the driver and passengers of the policyholder's car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident. It may also cover funeral costs.</div>
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<u><b>3. Property Damage Liability
</b></u></div>
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This coverage pays for damage you (or someone driving the car with your permission) may cause to someone else's property. Usually, this means damage to someone else’s car, but it also includes damage to lamp posts, telephone poles, fences, buildings or other structures your car hit.</div>
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<u><b>4. Collision
</b></u></div>
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This coverage pays for damage to your car resulting from a collision with another car, object or as a result of flipping over. It also covers damage caused by potholes. Collision coverage is generally sold with a deductible of $250 to $1,000—the higher your deductible, the lower your premium. Even if you are at fault for the accident, your collision coverage will reimburse you for the costs of repairing your car, minus the deductible. If you're not at fault, your insurance company may try to recover the amount they paid you from the other driver’s insurance company. If they are successful, you'll also be reimbursed for the deductible.</div>
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<u><b>5. Comprehensive
</b></u></div>
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This coverage reimburses you for loss due to theft or damage caused by something other than a collision with another car or object, such as fire, falling objects, missiles, explosion, earthquake, windstorm, hail, flood, vandalism, riot, or contact with animals such as birds or deer.</div>
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Comprehensive insurance is usually sold with a $100 to $300 deductible, though you may want to opt for a higher deductible as a way of lowering your premium.</div>
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Comprehensive insurance will also reimburse you if your windshield is cracked or shattered. Some companies offer glass coverage with or without a deductible.</div>
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<u><b>6. Uninsured and Underinsured Motorist Coverage
</b></u></div>
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This coverage will reimburse you, a member of your family, or a designated driver if one of you is hit by an uninsured or hit-and-run driver.</div>
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Underinsured motorist coverage comes into play when an at-fault driver has insufficient insurance to pay for your total loss. This coverage will also protect you if you are hit as a pedestrian.</div>
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<b>Reference: <a href="http://www.iii.org/article/what-covered-basic-auto-insurance-policy" target="_blank">Insurance Information Institute</a></b><br />
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<b>FIND AFFORDABLE AUTO INSURANCE ONLINE AT <a href="https://olympicinsurance.us/" target="_blank">OLYMPIC INSURANCE</a></b><br />
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<br />Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0Louisiana, USA30.9842977 -91.9623326999999924.0246362 -102.28948119999998 37.9439592 -81.6351842tag:blogger.com,1999:blog-8104371244627510590.post-10383419440355099602015-03-04T04:09:00.001-08:002015-03-04T04:09:30.401-08:00Why should I buy life insurance?<div style="text-align: justify;">
Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations:</div>
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<u><b>Replace income for dependents</b></u><br />If people depend on your income, life insurance can replace that income for them if you die. The most commonly recognized case of this is parents with young children. However, it can also apply to couples in which the survivor would be financially stricken by the income lost through the death of a partner, and to dependent adults, such as parents, siblings or adult children who continue to rely on you financially. Insurance to replace your income can be especially useful if the government- or employer-sponsored benefits of your surviving spouse or domestic partner will be reduced after your death.<br /><br /><b><u>Pay final expenses</u></b><br />Life insurance can pay your funeral and burial costs, probate and other estate administration costs, debts and medical expenses not covered by health insurance.<br /><br /><u><b>Create an inheritance for your heirs</b></u><br />Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.<br /><br /><u><b>Pay federal “death” taxes and state “death” taxes</b></u><br />Life insurance benefits can pay estate taxes so that your heirs will not have to liquidate other assets or take a smaller inheritance. Changes in the federal “death” tax rules between now and January 1, 2011 will likely lessen the impact of this tax on some people, but some states are offsetting those federal decreases with increases in their state-level “death” taxes.<br /><br /><u><b>Make significant charitable contributions</b></u><br />By making a charity the beneficiary of your life insurance, you can make a much larger contribution than if you donated the cash equivalent of the policy’s premiums.<br /><br /><u><b>Create a source of savings</b></u><br />Some types of life insurance create a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings plan. Furthermore, the interest credited is tax deferred (and tax exempt if the money is paid as a death claim).</div>
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<u>Reference</u>: <span class="Apple-converted-space"> </span><a href="http://www.iii.org/article/why-should-i-buy-life-insurance" style="-webkit-text-stroke-width: 0px; background-color: white; color: #6699cc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.8500003814697px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20.7900009155273px; orphans: auto; text-align: justify; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;" target="_blank">Insurance Information Institute</a></h4>
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FIND AFFORDABLE LIFE INSURANCE ONLINE AT<span class="Apple-converted-space"> </span><a href="https://olympicinsurance.us/auto_insurance" style="color: #6699cc; text-decoration: none;" target="_blank">OLYMPIC INSURANCE</a></h2>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-84411509699613473272015-02-26T02:09:00.000-08:002015-02-26T02:11:35.345-08:00What Is Covered by a Standard Homeowners Policy?<br />
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A standard homeowners insurance policy includes four essential types of coverage. They include:<br />
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<ul>
<li>Coverage for the structure of your home.</li>
<li>Coverage for your personal belongings.</li>
<li>Liability protection.</li>
<li>Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster </li>
</ul>
<h3>
The structure of your house</h3>
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This part of your policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disaster listed in your policy. It will not pay for damage caused by a flood, earthquake or routine wear and tear. When purchasing coverage for the structure of your home, it is important to buy enough to rebuild your home.</div>
<h3>
Your personal belongings</h3>
<div style="text-align: justify;">
Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disaster. Most companies provide coverage for 50% to 70% of the amount of insurance you have on the structure of your home.</div>
<h3>
Liability protection</h3>
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Liability covers you against lawsuits for bodily injury or property damage that you or family members cause to other people. It also pays for damage caused by your pets. So, if your son, daughter or dog accidentally ruins your neighbor’s expensive rug, you are covered. However, if they destroy your rug, you are not covered.</div>
<h3>
Additional living expenses</h3>
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This pays the additional costs of living away from home if you cannot live there due to damage from a fire, storm or other insured disaster. It covers hotel bills, restaurant meals and other expenses, over and above your customary living expenses, incurred while your home is being rebuilt.<br />
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<span style="-webkit-text-stroke-width: 0px; background-color: white; color: #333333; display: inline !important; float: none; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.8500003814697px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 20.7900009155273px; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;"><b><span style="-webkit-text-stroke-width: 0px; background-color: white; color: #333333; display: inline !important; float: none; font-family: Arial, sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18.3999996185303px; orphans: auto; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;"><u><b>Reference</b></u> <span class="Apple-converted-space"></span></span>:</b><span class="Apple-converted-space"> </span></span><a href="http://www.iii.org/article/what-covered-standard-homeowners-policy" target="_blank">Insurance Information Institute</a></div>
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FIND AFFORDABLE HOMe OWNERS INSURANCE ONLINE AT<span class="Apple-converted-space"> </span><a href="https://olympicinsurance.us//" target="_blank">OLYMPIC INSURANCE</a></h2>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-60653277365477820492015-02-18T02:04:00.001-08:002015-02-18T02:06:17.480-08:00White House: 11.4 million ‘and counting’ signed up for Obamacare in 2015<div style="text-align: justify;">
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About 11.4 million Americans have signed up for private health insurance coverage through Obamacare exchanges by the official end of the law's second-ever enrollment period, the White House announced in a video Tuesday night.<br />
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The announcement indicates the Obama administration will beat its own 2015 enrollment goals after a much quieter sign-up season this year. But the announcement also comes just weeks before the Supreme Court will hear a case challenging the legality of premium subsidies provided through the nearly three dozen states relying on HealthCare.gov for enrollment.<br />
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The number of enrollments will likely drop throughout the year. For instance, 8 million people had signed up for exchange coverage when the law's first-ever enrollment period ended in April 2014, but by November, 6.7 million remained enrolled in exchange plans. The administration said last fall it hoped to keep at least 9.1 million enrolled in exchange coverage throughout 2015, a target that now seems likely secure. Still, the nonpartisan Congressional Budget Office had projected 12 million people would be enrolled in 2015 exchange coverage.<br />
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"The Affordable Care Act is working," Obama said in the White House video released Monday night. "It's working a little better than we expected."<br />
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Though the enrollment window officially closed on Feb. 15, the administration is keeping it open through this Sunday for people who started an application before the deadline. Most states running their own exchanges are also allowing some enrollment leeway.<br />
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The administration has also said it's considering a special enrollment period for uninsured people who'll find out this tax season they have to pay the individual mandate penalty for not having coverage. The administration expects up to 6 million will face this penalty, which starts at $95 or 1 percent of household income in 2014. The minimum penalty in 2015 more than triples to $325, or 2 percent of income.<br />
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Oral arguments in King v. Burwell, the Supreme Court case challenging the premium subsidies, are scheduled for March 4, with a decision expected in late June. More than 8 in 10 people purchasing coverage through the exchanges received subsidies, worth on average three-fourths of monthly premiums.<br />
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Reference : <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2015/02/17/white-house-11-4-million-and-counting-signed-up-for-obamacare-in-2015/" target="_blank">The Washington Post</a></div>
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FIND AFFORDABLE INSURANCE ONLINE AT<span class="Apple-converted-space"> </span><a href="https://olympicinsurance.us/" style="color: #6699cc; text-decoration: none;" target="_blank">OLYMPIC INSURANCE</a></h2>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-80512976684171487932015-02-09T03:23:00.003-08:002015-02-09T03:24:08.321-08:005 Insurance-Buying Mistakes to Avoid<div style="text-align: justify;">
Buying insurance can be confusing, but when the unexpected happens – a house fire, a fender bender or a broken bone – it's a relief to know that some of those financial losses will be covered. But how do you know how much coverage you need? And what questions should you ask before buying a policy? Many consumers aren't sure. Insurance coverage is far from one size fits all, so here's a look at mistakes some consumers make when buying insurance.</div>
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<u><b>1. Assuming insurance is out of reach. </b></u>The U.S. Census Bureau reports that 48 million Americans had no health insurance in 2012. And about 30 percent of U.S. households have no life insurance, according to LIMRA, a worldwide research and consulting organization for insurance and financial services. In some cases, consumers skip insurance because they think it's out of their budget. Often, that's not the case, according to Marvin Feldman, president and CEO of the LIFE Foundation, a nonprofit organization that educates consumers about financial planning and insurance. The LIFE Foundation collaborated with LIMRA on the 2013 Insurance Barometer Study, which found that the average consumer thinks life insurance is three times more expensive than it actually is. "[Consumers are] not researching it to determine what the cost is," Feldman says.</div>
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When buying health insurance or property and casualty insurance, ask about potential discounts. "Two-thirds of consumers don't realize they can get financial help if they buy their own health insurance, and they can get financial help if they go and buy in these health insurance marketplaces," says Lynn Quincy, senior policy analyst with Consumers Union, a division of Consumer Reports. "You may be way overpaying if you don't investigate this possibility." While health insurance discounts are often income-based, homeowners and auto insurers offer discounts for everything from being a member of groups like AARP, to being a good student or a good driver, to having a home security system.</div>
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<u><b>2. Relying on assumptions or outdated figures.</b></u> Changing economic conditions mean you might need more insurance coverage than you had in the past. Take life insurance. In the past, consumers might have based their life insurance coverage on their current income, but "if something happens and you're no longer around, you need more capital at work to provide the same income [to your beneficiaries]," Feldman says. Disability and long-term care insurance are even more complicated than traditional life insurance. "For disability, do you want coverage that lasts forever? Are there health issues in your family?" Feldman asks. "That's where you need to speak to somebody to get some guidance."</div>
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In the case of homeowners insurance, your home could be underinsured if you've renovated or if the cost to build a home has increased due to higher material costs or other factors. That's why experts recommend reviewing insurance coverage once a year to make sure it still fits your needs. Talk to your insurance agent if you're unsure.</div>
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<u><b>3. Shopping on price alone. </b></u>Comparing insurance policies can be confusing, but resist the urge to simply choose the policy with the lowest premium. Consider the company's reputation and the coverage you'd get for that premium. "As a general rule with health insurance, the higher the premium, the lower the amount you pay when you go to the doctor," Quincy says. Private health insurance plans must provide coverage examples showing what your estimated out-of-pocket costs would be for, say, having a baby or managing Type 2 diabetes. Some examples might not apply to you, but they can help you compare plans and see how much you might pay in coinsurance and copays.</div>
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"Make sure you're shopping apples to apples and getting quotes based on the same coverage that you have," says Lori Conarton, a spokeswoman for the Insurance Institute of Michigan. Your property and casualty insurance may not cover things like food spoilage in the event of a power outage or stolen electronics worth more than $1,000, so you may want to purchase extra endorsements to cover those possibilities, she adds.</div>
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With disability or long-term care insurance, prices can vary depending on the length of the elimination period – the amount of time you must wait before coverage kicks in – and whether the policy includes inflation protection, so consider these factors, too.</div>
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<u><b>4. Glossing over the details. </b></u>Make sure you understand what your insurance policy covers. For health insurance, it's cheaper to see doctors who are in-network and buy prescription drugs covered by the formulary, so Quincy suggests checking to see if your doctor is in-network and if your prescription drugs are covered before you buy a policy. Otherwise, you could get an expensive surprise.</div>
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Read your insurance policy and contact your insurance agent if anything is unclear. "Unfortunately, a lot of people don't find out what coverage they should have had until they have a loss," Conarton says. "Here in Michigan, we've had a lot of winter weather, and some people don't know that flooding is not covered under a regular homeowners insurance policy." However, you can usually buy a separate flood insurance policy. Many people also assume that drain and sewer backups are covered by insurance, but often they're not, Conarton adds.</div>
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<u><b>5. Setting your deductible too low. </b></u>Setting a low deductible typically means higher premiums, and in the case of property and casualty insurance, a greater likelihood of small claims that could ultimately raise your premiums. Insurance is designed to protect against losses you could not cover yourself, so if you can afford to pay the first $500 or $1,000 in losses yourself, you may not need a lower premium. "Consider your own financial situation," Conarton says. "How much of the risk are you willing to assume before you make a claim and the insurance company pays on your claim? You really have to think about how much of that loss you could pay yourself."<br />
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<span style="color: #660000;"><b>Article From : </b></span><a href="http://money.usnews.com/money/personal-finance/articles/2014/01/27/5-insurance-buying-mistakes-to-avoid" target="_blank"><span style="color: #660000;"><b>US NEWS</b></span><br /></a></div>
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<span style="color: #073763;"><b>Your One Stop Shop For All Your Insurance Needs : </b></span><a href="https://olympicinsurance.us/" target="_blank"><span style="color: #073763;"><b>OLYMPIC INSURANCE</b></span></a></div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-66228913553143071322015-01-29T01:46:00.000-08:002015-01-29T01:47:45.005-08:00Longtime advocate: Insurance chief from Louisiana could be bad news for consumers<div style="text-align: justify;">
Robert Hunter has spent decades in the insurance industry as a consumer advocate. When he heard the name of the man being considered for the state's insurance regulator job, he was "shocked." </div>
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Gov. Rick Scott's office confirmed Monday that Ron Henderson, Louisiana's deputy insurance commissioner for consumer advocacy, is being considered as the replacement for Kevin McCarty, who has been commissioner of Florida's Office of Insurance Regulation since 2003 (and is favored by Hunter, incidentally).</div>
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"It's really shocking to me that a guy who's supposed to be in consumer advocacy I haven't heard of," said Hunter, who was Texas insurance commissioner and founder of the National Insurance Consumer Organization before his current job as insurance director for the Consumer Federation of America. "I know everyone who's done anything in consumer work." </div>
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The size of Hunter's Rolodex aside, he said hiring an insurance regulator from Louisiana could be bad for consumers in Florida. </div>
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The insurance commissioner plays a critical role in setting rates for property insurance, and Hunter said Louisiana's reputation for in the industry is decidedly not pro-consumer. </div>
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"Louisiana's one of the worst states in the country for insurance regulation," he said. "They just don't regulate. They've done a very bad job protecting consumers." </div>
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Insurance rates in Louisiana have risen twice as fast as the rest of the country, said Hunter, who recently started a study on 20 years of rate increases.<br />
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<b>Reference : </b><a href="http://www.tampabay.com/blogs/the-buzz-florida-politics/longtime-advocate-insurance-chief-from-louisiana-could-be-bad-news-for/2215318" target="_blank">Tampa Bay Times</a><br />
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FIND AFFORDABLE INSURANCE ONLINE AT<span class="Apple-converted-space"> </span><a href="https://olympicinsurance.us/" target="_blank">OLYMPIC INSURANCE</a></h2>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-31613085251777648212015-01-20T03:48:00.001-08:002015-01-20T03:48:19.871-08:00Louisiana Auto Insurance Laws and Regulations<div style="text-align: justify;">
Louisiana follows a “fault” system when it comes to issues of liability and insurance coverage after an accident. This means that a driver who is legally at fault for causing a car accident is liable (usually through an insurance carrier) for any personal injury or property damage resulting from the crash. In Louisiana, a person who has been injured in an auto accident can usually proceed by:</div>
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<li>filing a claim with his or her own insurance company</li>
<li>filing a claim with the other driver’s insurance company</li>
<li>filing a personal injury lawsuit </li>
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(Note: In no-fault car insurance states, an injured motorist must first exhaust his or her own car insurance policy limits or reach a statutory threshold of damages before pursuing compensation from another driver, regardless of who was at fault. Remedies are also limited in these states.) </div>
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Learn more about key Louisiana laws related to car accident claims and settlements, read <a href="http://www.all-about-car-accidents.com/resources/auto-accident/state-car-accident-law/Louisiana.html" target="_blank">Car Accident Laws in Louisiana.</a></div>
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Minimum Car Insurance Requirements in Louisiana</h4>
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Louisiana law requires that the owner of a motor vehicle carry liability insurance. This insurance is meant to provide financial protection in the event that the vehicle owner or anyone else is injured in an accident involving the vehicle. Under Louisiana law, the minimum coverage a driver is required to carry is:</div>
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<li>$15,000 for the injury or death of a single person (yourself, a passenger, another driver, pedestrian, etc.)</li>
<li>$30,000 for the injury or death of multiple people in a single accident</li>
<li>$25,000 for property damage (i.e. damage to a vehicle) </li>
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It should be noted that while Louisiana law requires only these minimum coverage amounts, it is usually a good idea to carry a car insurance policy that provides more coverage. If you are found liable for an accident where the costs (medical bills, car repairs, etc.) exceed the limits of your policy, then you may be held personally liable for the difference. </div>
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Uninsured/Underinsured Motorist Coverage in Louisiana</h4>
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Louisiana requires that every car insurance policy sold in the state include uninsured/underinsured motorist coverage (UIM), unless the customer explicity declines UIM coverage in writing. </div>
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<br />UIM coverage is a feature of your own policy that is intended to protect you if you are injured by an at-fault driver who has no car insurance at all, or has an insufficient amount of insurance to cover the damages caused by the accident. </div>
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<br />For example, let’s say you’re in an accident where the at-fault driver has the state minimum of $15,000. But your damages -- medical bills and vehicle damage -- add up to $25,000. Assuming you have adequate UIM coverage, it would kick in to pay for the remaining $10,000.</div>
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Getting More Information </h4>
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For more information on Louisiana’s motor vehicle insurance requirements straight from the government, check out the Louisiana Department of Public Safety’s <a href="http://www.dps.state.la.us/omv1.nsf/58c968bd569b099986256cdc000806eb/89f0a313d753f522862564cf004a2c5f?OpenDocument" target="_blank">Required Proof of Liability Insurance Prior to Registration of Vehicles web page. </a></div>
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<u>Reference: <a href="http://www.all-about-car-accidents.com/resources/insurance-law/car-insurance/louisiana-auto-insuranc" target="_blank">All About Car Accidents</a></u></h4>
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Find affordable car insurance online at <a href="https://olympicinsurance.us/auto_insurance" target="_blank">Olympic Insurance</a></h2>
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0Louisiana, USA30.9842977 -91.9623326999999924.0246352 -102.28948119999998 37.9439602 -81.6351842tag:blogger.com,1999:blog-8104371244627510590.post-21567941950593035022015-01-14T05:37:00.001-08:002015-01-14T05:39:00.521-08:00Google Poised to Enter U.S. Auto Insurance Market: Report<div style="text-align: justify;">
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Giant search engine Google, which already offers auto insurance online in the United Kingdom, could soon be selling auto insurance online in the U.S.<br />
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Google Compare Auto Insurance Services Inc., its online auto insurance shopper, has been licensed to sell insurance in at least 26 states and is working with several insurers including Dairyland, MetLife and Mercury Insurance, Forester Research’s Ellen Carney reported in her blog this week.<br />
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Carney reports that Google has been working on the project for more than two years and could finally launch later this quarter in California, followed by Illinois, Pennsylvania and Texas. According to the Forester Research technology expert, Google could be working with CoverHound, which currently offers online quotes for multiple insurers including Hartford, esurance, 2st Century, Travelers, Safeco, National General, Progressive, Foremost, Plymouth Rock and others.<br />
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<u><b>Partnership Report</b></u><br />
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Also, Conor Dougherty of the New York Times technology blog Bits reported that Google recently formed a partnership with the Virginia-based insurance comparison shopping site CompareNow.com. Comparenow, which was launched in 2013, allows users who complete a single, simplified form to obtain comparison quotes from multiple carriers, and buy a policy online, by phone or through a local agent.<br />
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Google could present formidable competition for other insurance sellers. As many as two-thirds (67 percent) of insurance customers said they would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon, according to research by Accenture.<br />
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“Competition in the insurance industry could quickly intensify as consumers become open to buying insurance not only from traditional competitors such as banks but also from Internet giants,” Michael Lyman, managing director for management consulting within Accenture’s Insurance industry practice, said in February upon release of his study.<br />
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However, another report, this one by TransUnion, indicated that shopping for auto insurance online may have peaked already. It found that shopping rates for auto insurance were down about 3 percent in the 12 months ending Feb 2014 relative to a year earlier.<br />
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“We are finding that despite billions of dollars being spent on advertising each year, the percentage of consumers shopping for auto insurance has been dropping for approximately the last two years,” said Mark McElroy, executive vice president of TransUnion’s insurance business unit at the release of the study. “This places additional pressure on insurance carriers as their pool of potential customers declines.”<br />
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Google Compare (google.co.uk) launched in the UK in 2012. In addition to insurance, the service allows consumers to comparison shop for credit card offers, travel insurance and mortgages.<br />
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Google has also been in the forefront of the development of driverless vehicles.<br />
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Google Inc. does own the site, GoogleCompare.com, however the site is not operational.<br />
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Google has not responded to Insurance Journal requests for more information. The tech giant told Reuters and the Wall Street Journal it does not comment on speculation.<br />
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<u><b>Reference :</b> <a href="http://www.insurancejournal.com/news/national/2015/01/09/353593.htm" target="_blank">http://www.insurancejournal.com/news/national/2015/01/09/353593.htm</a></u><br />
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-37696620408167163702015-01-05T03:25:00.002-08:002015-01-05T03:35:49.404-08:00Louisiana Health Insurance<br />
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Overview</h3>
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If you live in Louisiana and either buy your own health insurance or are currently uninsured, this guide is for you. It will help you:<br />
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Determine whether you qualify for a tax credit to help you pay for health insurance under the Affordable Care Act (also known as Obamacare)<br />
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Compare private health plans using U.S. News & World Report's health insurance ratings for Louisiana<br />
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If you are enrolling in an Obamacare insurance plan through Healthcare.gov, your state's exchange, or a broker, the official 2015 Open Enrollment period is from November 15, 2014 through February 15, 2015.</div>
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Do I Have To Buy Health Insurance?</h3>
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You may have heard that everyone in Louisiana must have health insurance in 2015 or pay a penalty – Obamacare's so-called “individual mandate.” With a few exceptions, this is true.<br />
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For 2015, not carrying insurance will cost $325 per adult plus $162.50 per child (up to $975 per family) or 2 percent of your family’s income, whichever is more. <br />
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U.S. News generally recommends getting health insurance of some kind, even if it is only catastrophic coverage. That's because unexpected medical expenses can easily bankrupt anyone who is uninsured.<br />
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Learn more about why it's important to sign-up for health insurance<br />
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Understand more about the Obamacare tax penalty<br />
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If your health insurance policy was cancelled in fall 2014, call your insurer to verify whether your plan is still available.<br />
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<b>For more details,VISIT :</b> <a href="http://health.usnews.com/health-insurance/louisiana" target="_blank">http://health.usnews.com/health-insurance/louisiana</a><br />
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Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0Louisiana, USA30.9842977 -91.9623326999999924.0246352 -102.28948119999998 37.9439602 -81.6351842tag:blogger.com,1999:blog-8104371244627510590.post-70291673579418524232014-11-24T20:09:00.000-08:002014-11-24T20:09:05.705-08:00Federal Legislation to Repeal Windfall Elimination Provision (WEP) Introduced<div dir="ltr" style="text-align: left;" trbidi="on">
<b><u><a href="http://www.rseala.org/category/latest-news/" target="_blank">Federal Legislation to Repeal Windfall Elimination Provision (WEP) Introduced</a></u></b><br />
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Equal Treatments of Public Servants Act was introduced by
Kevin Brady, representative of Texas and Richard Neal , representative of
Massachussets last week. If passes, this
bill would help in abolishing the Social Secutiry Windfall Elimination
Provision(WEP). This shall be then replaced by a fairer formula which will help
those who have had a negative impact by the WEP.<o:p></o:p></div>
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Already, members of Texas Retired Teachers
Associatiaon(TRTA) has been advocating for the abolishment of WEP by the
Congress.<o:p></o:p></div>
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The abolishing of WEP will result
in <o:p></o:p></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
</div>
<ul style="text-align: left;">
<li><span style="font-family: Symbol; text-indent: -0.25in;">·<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;">
</span></span><span style="text-indent: -0.25in;">Public servants shall be considered like rest of
American workers.</span></li>
<li><span style="font-family: Symbol; text-indent: -0.25in;">·<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;">
</span></span><span style="text-indent: -0.25in;">Public servants are guaranteed to receive
benefits that had been earned by them whilethe Social Security was paid by
them.</span></li>
<li><span style="font-family: Symbol; text-indent: -0.25in;">·<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;">
</span></span><span style="text-indent: -0.25in;">WEp will be reduced </span><span style="text-indent: -0.25in;"> </span><span style="text-indent: -0.25in;">by one third for currently retired personnel
and upto to half for future retirees.</span></li>
<li><span style="font-family: Symbol; text-indent: -0.25in;">·<span style="font-family: 'Times New Roman'; font-size: 7pt; font-stretch: normal;">
</span></span><span style="text-indent: -0.25in;">This will not have any impact on Social Security
trust fund.</span></li>
</ul>
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This site was last updated on 20th November 2014.</div>
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To know more visit <a href="http://www.rseala.org/category/latest-news/">http://www.rseala.org/category/latest-news/</a>
<o:p></o:p></div>
</div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-76409611525487299992014-11-19T22:46:00.001-08:002014-11-19T22:46:20.959-08:00An Application(App) for creating Home Inventory<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><u>An App for
creating Home Inventory<o:p></o:p></u></b></div>
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Your home and its contents
are truly valuable. Their value should never be underestimated. By taking a
walk around your house will make you realize the plight you will be in if you
are stripped of these belongings. Unfortunately, if such a thing happens, then
the cost to replace is going to be large. Also trying to memorize everything content
in the house hold is also going to be difficult.</div>
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<o:p></o:p></div>
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When a catastrophe such as a fire,storm or burglary occurs,
then we realize the necessity of an inventory list which in turn shall help us
in accounting for all the lost and damaged property.This will also prove to be
helpful to your homeowners insurance claims purpose.<o:p></o:p></div>
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While making claim for property loss or damage, the more the
evidence and information you provide, the faster and easier your claims shall
be processed.<o:p></o:p></div>
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<br /></div>
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<b><u>Home Inventory
List Creation – Tips<o:p></o:p></u></b></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->1.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Putting a
system in place – Even though you may feel the task is a daunting one
initially, dividing the rooms and the content in each shall make your job
easier<o:p></o:p></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->2.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Be specific-For each item, include corresponding
description. For eg, the make & model of your music system or the quantity
of books shall definitely make a difference.<o:p></o:p></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->3.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Costly items to be recorded – Items lbelonging to jewellery, artwork or technology, should be
recorded in the inventory list and within your insurance coverage. Do not fail
to take help of local agents to know more about individual homeowners policy covers.<o:p></o:p></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->4.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Save Receipts- Keeping your receipts helps in identifying the date
of purchase and cost of items thus making the process easier for yourself and
your insurance company.<o:p></o:p></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->5.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Photographs- A picture of your room with
important items can be used as a vital evidence. The same purpose is served by
taking a video of the room too.<o:p></o:p></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->6.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Backup List – Be ready with a backup in the
eventa of a misplaced or missing inventory. An extra copy of this can be saved
in a deposit box or in friend/relatiave’s
house.<o:p></o:p></div>
<br />
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]-->7.<span style="font-size: 7pt; font-stretch: normal;">
</span><!--[endif]-->Update the list – Always update the list when
you ar purchasing a new item or removing and old one.<o:p></o:p></div>
</div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-73507851903692397722014-11-18T21:49:00.000-08:002014-11-18T21:49:20.282-08:00State, federal insurance sites - first-day hiccups<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">State, federal insurance sites - first-day hiccups<o:p></o:p></span></u></b></div>
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<b><u><span style="font-family: "Arial","sans-serif"; font-size: 18.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></u></b></div>
<div class="MsoNormal" style="text-indent: .5in;">
<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">On Saturday 15<sup>th</sup> November 2014, the open enrollment on
federal HealthCare.goc started in a smooth way. Some areas reported a problem
of logging in into accounts by consumers
and brokers.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">It has been reported that
more than 23,000 people submitted application in the initial eight hours. As
the federal log in issues appeared to be resolved, issues related to state run
sites started by Saturday afternoon.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">There was a mixed response
across the U.S state –run exchanges regarding their success in enrolling people.
But the report from brokers of Health Insurance Store, Louisiana in Baton Rouge
was different. They were unable to log into their accounts until 1pm Saturday.<o:p></o:p></span></div>
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<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">CEO for the Washington
Health Benefit Exchange ,Richard Onizuka, , said in a statement that the staff
of The Exchange and Department of Social & Health Services will work
together closely to come to a solution, and are hoping to have the site back up
very soon.<o:p></o:p></span></div>
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<br />
<div class="MsoNormal">
<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;">To know more on this you
can visit </span></div>
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<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><br /></span></div>
<div class="MsoNormal">
<span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 12.0pt; line-height: 115%;"><a href="http://www.usatoday.com/story/news/nation/2014/11/15/open-enrollment-healthcaregov-affordable-care-act-site-performance/19085637/">http://www.usatoday.com/story/news/nation/2014/11/15/open-enrollment-healthcaregov-affordable-care-act-site-performance/19085637/</a></span><span style="background: white; color: #333333; font-family: "Arial","sans-serif"; font-size: 10.5pt; line-height: 115%;"> <o:p></o:p></span></div>
</div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-65269363479609950222014-11-13T23:41:00.000-08:002014-12-02T23:09:46.609-08:00Health Insurance Costs for State workers lowered-Louisiana<div dir="ltr" style="text-align: left;" trbidi="on">
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<b><u>Health Insurance Costs for State workers lowered-Louisiana</u></b><o:p></o:p></div>
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<b><u><br /></u></b></div>
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Governor Bobby Jindal administration has said that it will
try ways to reduce the impact of newly added changes for the state worker
health insurance program. This decision comes after lawmakers and retirees have
put great deal of pressure on the administration<o:p></o:p></div>
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<br /></div>
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Out-of-pocket costs and deductibles for employees have been
reduced by 10% whereas the increase of the same planned for the retired people
from March 1 have been stopped. The trade-off
premiums are set to rise by 11% for both the retirees and employed by July1.<o:p></o:p></div>
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<br /></div>
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Retirees and employees have unanimously said that they
prefer a hike in premium to massive increase in their our-of-pocket costs.<o:p></o:p></div>
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<br /></div>
<br />
<div class="MsoNormal">
To know more about this piece of news visit <a href="http://www.insurancejournal.com/news/southcentral/2014/11/09/346332.htm">http://www.insurancejournal.com/news/southcentral/2014/11/09/346332.htm</a>
which has been last modified on Nov 9<sup>th</sup>
2014<o:p></o:p></div>
</div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-45226590630699249632014-11-10T00:51:00.002-08:002014-11-10T00:51:20.715-08:00Flooding & Flood Risks<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
Flooding & Flood Risks<br />
<br />
Flood map update schedule<br />
<br />
https://www.floodsmart.gov/floodsmart/pages/flooding_flood_risks/map_update_schedule.jsp<br />
<br />
The above given is the official link of National Flood Insurance Program(NFIP) got from its offiial site.<br />
Just by entering your zip code, you can know about the flood insurance and flood risk information in your zip code,<br />
community, and county.<br />
Even if your community is not listed, some changes may still be underway.<br />
For the latest updates do keep visiting this site. The last modification in this page was done on Oct 31st 2014.<br />
<div>
<br /></div>
</div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-81029403294123710932013-03-25T23:03:00.001-07:002013-03-25T23:03:13.695-07:00Illinois Lawmakers Reject Firearm Liability Insurance Bill<div style="text-align: justify;">
The Illinois House has rejected a measure that would require $1
million in liability insurance for people carrying concealed weapons.</div>
<div style="text-align: justify;">
Lawmakers voted 34-74 against Rep. Kenneth Dunkin’s plan. It was
among seven amendments on gun issues that legislators debated Tuesday as
they consider a court-ordered law allowing conceal-and-carry.<a href="http://www.insurancejournal.com/news/midwest/2013/03/21/285431.htm" target="_blank">Read more..</a></div>
<div style="text-align: justify;">
(Ref: Insurance Journal, March 21, 2013) </div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-67931888634573781472013-02-05T03:37:00.003-08:002013-02-05T03:37:55.025-08:00Advantages of ‘Being Local’ ..This is a very interesting article which offer some tactics to make use of "Being Local"....Please check this link below..<br />
<br />
As an independent agent, you possess many advantages over the national
P/C marketers that operate mainly online and over the phone. One strong
point, among many, is that you operate out of a local office..<a href="http://www.insurancejournal.com/magazines/features/2013/01/28/278208.htm" target="_blank">More..</a><br />
<br />
(Ref: Insurance Journal, Jan 28, 2013) Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-72867156335475361842013-01-11T03:17:00.001-08:002013-01-11T03:17:08.729-08:00Liberty Mutual to Phase Out 8 Regional Insurance BrandsLiberty Mutual Insurance announced it is planning to retire its
regional brands in 2013 to focus on the more recognizable Liberty Mutual
brand.<br />
<div class="wp-caption alignright" id="attachment_277072" style="width: 290px;">
<br /><div class="wp-caption-text">
</div>
</div>
“We’re
retiring the brand names of our eight commercial lines regional
companies that sell exclusively through independent agents so we can use
the Liberty Mutual Insurance brand name in all markets,” Liberty Mutual
Insurance spokesperson Chris Goetcheus told <em>Insurance Journal</em>. <a href="http://www.insurancejournal.com/news/east/2013/01/10/277051.htm" target="_blank">Read more..</a><br />
(Ref: Insurance Journal, Jan 10, 2013)Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-9787530824738470212013-01-04T03:56:00.000-08:002013-01-04T03:56:06.860-08:00 Kobylowski Confirmed as N.J. Commissioner of Banking and Insurance<div style="text-align: justify;">
Kenneth Kobylowski, who has been serving as acting commissioner of
New Jersey Department of Banking and Insurance for the past one year,
was recently confirmed by the State Senate to be the new commissioner. Kobylowski has been serving as the acting commissioner since February 2012 when then-commissioner Tom Considine left the post to become the chief operating officer of MagnaCare, a health plan management company. <a href="http://www.insurancejournal.com/news/east/2013/01/03/275942.htm" target="_blank">Read more..</a></div>
<div style="text-align: justify;">
(Ref: Insurance Journal, Jan 3, 2013)</div>
<div style="text-align: justify;">
<br /></div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-13057153087748483682012-12-28T04:12:00.001-08:002012-12-28T04:12:39.226-08:00P/C Insurers’ Loss Reserves Continue to Surprise Analysts<div style="text-align: justify;">
Analysts at two rating agencies, Fitch and Moody’s, believe
property/casualty insurers’ prior-year loss reserve takedowns will
continue to outpace reserve additions in 2013.</div>
<div style="text-align: justify;">
The analysts spoke about P/C industry reserving trends as they reviewed their year-end outlooks and 2013 forecasts with <em>Insurance Journal</em> recently.<a href="http://www.insurancejournal.com/news/national/2012/12/27/275337.htm" target="_blank"><span style="color: black;"> </span>Read more..</a> </div>
<div style="text-align: justify;">
Ref: (Insurance Journal, Dec 27, 2012) </div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-10501232189527926162012-12-21T03:43:00.002-08:002012-12-21T03:43:39.595-08:00New Insurance Laws Taking Effect in 2013..<div style="text-align: justify;">
With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. <em>Insurance Journal</em> highlights some of the changes that will take place around the country. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>CALIFORNIA</strong><br />
<br />
In 2013, the California workers’ compensation benefit delivery system
will undergo regulatory changes as part of SB863, the Workers’
Compensation Reform Package, which was passed in the 2012 legislative
session. <a href="http://www.insurancejournal.com/news/national/2012/12/19/274721.htm" target="_blank">Read more...</a></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
(Ref: Insurance Journal, Dec 19, 2012) </div>
Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0tag:blogger.com,1999:blog-8104371244627510590.post-58720918946637914052012-12-14T02:35:00.000-08:002012-12-14T02:35:04.963-08:00Build A World-Class Insurance Sales Culture..<div style="text-align: justify;">
Selling insurance isn’t like it used to be. Not many people just walk-in
or call ready to do business anymore. And when they do, they expect
more – more knowledge, more professionalism, more choices, a good deal,
or a better price. If your agency doesn’t have a world-class sales
culture built into it, then it’s set up to fail.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
So how do you build a world-class sales culture? Here’s a step-by-step mini guide to help get you started:</div>
<br />
Step 1. Identify Agency VALUES <br />
Step 2. Make Sure Everyone Knows<br />
Step 3. Incorporate Those Values into Sales Calls <br />
Step 4. Set Up Measurable Goals<br />
Step 5. Set a Deadline<br />
<a href="http://www.insurancejournal.com/blogs/2012/12/13/273575.htm" target="_blank">Read In Detail..</a><br />
(Ref: Insurance Journal, Dec 13, 2012 ) Olympic Insurancehttp://www.blogger.com/profile/01845098230739443818noreply@blogger.com0