How to port group health policy to individual plan
Porting group health policy to individual plan Transitioning from a group health insurance to an individual policy is crucial for employees seeking independent coverage. Porting ensures continuity without losing accrued benefits. Here’s how to do it. Notify the insurerThe policyholder must notify the insurer of his intent to port from a group to an individual […]
How to personally audit your financial life to ensure you are on track
In this article, while we will try to establish a structure to personal financial audits, we should also acknowledge that since we are emotionally attached to our finances (and we also have our own biases), it would be necessary at times and for some people to have some external intervention, like getting professional investment advisers […]
How to navigate premium increases for long-term care insurance
Halfpoint Images | Moment | Getty Images Supporting aging parents is an extremely difficult situation that comes with both emotional and financial complications. The cost of long-term care insurance is a prime example. This insurance, essential for covering costs not typically included in standard health insurance or Medicare, such as nursing home stays or in-home […]
Kahneman for investors: How to use behavioural economics to become better a investor
It was more than 20 years ago that I first heard of Daniel Kahneman, who died recently at 90. This was shortly after he was first awarded the Nobel Prize for Economics (which is not a real Nobel Prize, but let’s not be pedantic). Kahneman’s ideas and, in fact, the entire field of behavioural economics […]
How to reduce health-care costs during Medicare Advantage open enrollment
Andreswd | E+ | Getty Images Certain retirees can now change their health coverage during Medicare Advantage open enrollment, which runs until March 31. Medicare Advantage is health coverage provided through private companies that are paid by Medicare to cover your benefits. If you’re already on a Medicare Advantage plan, you can take advantage of […]
How to make the most of tax benefits by investing in insurance products? MintGenie explains
Entering the new calendar year brings you nearer to the conclusion of the financial year. It is essential to comprehend your tax obligations before establishing any financial objectives. Examining your financial situation provides a comprehensive view of your present standing, and skilfully integrating insurance can yield various advantages beyond mere protection. Insurance products play a […]
How to cut down on expenses with health insurance
Health insurance is a financial saviour but a lack of clear understanding of the terms and conditions can lead to some out-of-pocket expenses for the policyholder. When buying health insurance plans, people usually connect with insurance agents or sales professionals who are eager to close the deal and hence suggest plans depending on what the […]
Health Insurance: How to avail quick cashless facility during medical emergency? A step-by-step guide
In the face of unexpected health challenges, health insurance can either emerge as a dependable ‘knight in shining armour’ or a ‘complex labyrinth to navigate’. Regrettably, in the aftermath of an emergency, individuals often develop a less favourable perception of both insurance and insurers. This perception primarily stems from a lack of understanding of the […]
How to enhance your health insurance cover with top-up and super top-up policy? MintGenie explains
Consider this scenario: Did you buy a health insurance cover of Rs. 3 – 5 lakhs for your family a few years back? At that time, the cover amount would have been adequate, but not today. Consider another scenario: Your employer provides you a health insurance cover of Rs. 3 – 5 lakhs for your […]