What is Child Health Insurance ?

Child Health Insurance can be the perfect way to gain peace of mind about your child’s health. Compare affordable child medical insurance quotes online from all leading UK insurers with ActiveQuote. Our child health cover comparison system allows you to find the best medical insurance for children and buy a low cost child health insurance policy immediately online.

What is Child Health Insurance?

Child health insurance, also known as child medical insurance and child health cover, is chosen by parents who want peace of mind about their child’s health. Child medical insurance covers children under 18 only for alternative treatment to the NHS.

What are the benefits of a policy?

With a child health insurance policy, your children will receive prompt access to eligible treatment for a wide range of conditions. Child health insurance for under 18s will give you numerous benefits, and is often fairly cheap. Benefits can include:

• Bypassing NHS queues for prompt diagnosis and treatment.
• Treatment at a local private hospital of your choice.
• Treatment at a time convenient to you, allowing you to work around school hours.
• Guarantee of a private room, usually with ensuite facilities, a television and a phone to ensure your child is comfortable.
• Unrestricted visiting hours so your family can visit at a convenient time.
• Access to new drugs not available on the NHS, subject to policy.

What should I look for in Child Health Insurance quotes?

As well as whether the policy is affordable, there are many other things to look for when you compare child health insurance quotes online.

Level of cover

When buying a child medical insurance policy you need to choose your level of cover. For cheap child health insurance look for a budget policy- this will only provide the most basic cover for your child. Mid-range policies cover full inpatient and day patient treatment, but are still affordable for many people. Comprehensive child medical insurance is the most expensive and offers the highest level of cover.

Type of underwriting

The three types of underwriting you can choose from when buying a child health insurance policy are Moratorium, Full Medical Underwriting and Switch.

• With Moratorium, your child will not be covered for illnesses they have suffered in the past five years, but will be covered after two years symptom free on the policy. You will not need to disclose your medical history.
• With Full Medical underwriting you provide your full medical history on application and the insurance company may exclude cover for pre-existing conditions. You will always be told what is excluded before buying a policy.
• A Switch or CPME (Continuing Personal Medical Exclusions) will allow you to switch from an existing policy to a new one without losing cover. ActiveQuote is the only comparison site able to quote Switch policies.

Discount schemes

Although you can’t put a price on your health, for many families money is tight. There are discount schemes available for child health insurance which will make your child health cover affordable whilst still giving you peace of mind. These include:

• Increasing your excess on your child health insurance policy
• Co-payments
• A six week wait option
• Reduced hospital cover

What will Child Health Insurance cover?

There are certain medical conditions that child health insurance will not cover, even if you have a comprehensive policy. This includes voluntary treatment like plastic surgery.

If there is a medical condition that you particularly want your child to be covered for, take a look at our free medical database which will allow you to search through different conditions. The database provides handy tips on what to look for in a child health insurance policy.

When you compare child health insurance quotes online with ActiveQuote you will be shown all the different conditions covered by each policy to help you make an informed choice.

Why compare Child Medical Insurance with ActiveQuote?

There are many advantages to comparing UK child health insurance quotes with ActiveQuote. ActiveQuote is the only true price comparison website for health insurance in the UK, so we can quote you low cost policies to help you find cheap cover.

Benefits of our quote and compare service include:

• Tailoring your child medical insurance quotes with instant changes to the price. You can change all modules, options, hospital list and excess.
• You can choose a policy and buy it instantly online.
• Your data will be secure in our state-of-the-art security software. Unlike other online medical insurances websites we will not sell on your details to any third parties.
• You can change policy without losing cover with switch underwriting.

What if I want to speak to someone in person?

ActiveQuote is a specialist personal medical insurance broker with over 40 years’ experience in the health insurance market. We are fully authorised and regulated by the FSA and take an ethical approach to the selling of child health insurance. Here are just a few advantages of using ActiveQuote as a broker:

• Our advisors can search the market for quotes from all leading UK child health insurance providers for you so you don’t have to spend your time doing so.
• Sometimes child medical insurance policies are hard to choose between. Our free, personal advice comes with no obligations.
• We maintain direct relationships with our child health cover companies to guarantee that we are the first to hear about changes, new products and special offers.
• We will automatically renew your cover every year and contact you if there is a better child medical cover policy on the market.

source: https://www.activequote.com/health-insurance/child-health-insurance.aspx

Top 3 proven Benefits of Having Health Insurance

We compiled the “top three list” of ways people may benefit from having health insurance.

A lot of people, when their parents forced them to eat vegetables as a kid, would say something like, “why?,” or, “I don’t want to!”

The Affordable Care Act’s mandate that requires most people to buy health insurance or pay a penalty tax can have a similar effect.

After all, if you’re being forced to buy something you probably want to know why.

Ask and you shall receive. eHealth compiled the “top three list” of ways people may benefit from having health insurance.

#1: Negotiated rates – In 2013, Steven Brill wrote an article for TIME Magazine that – among other things – highlighted some of the absurdly high prices that hospitals and doctors sometimes charge.

For example, Brill writes about hospitals charging $1.50 for one Tylenol (an entire bottle costs $1.49 on Amazon.com); $6 for a marker used once to mark their bodies before surgery; $77 for a box of gauze pads ($10.15 on Amazon); and $1,200 an hour for a nurse’s services.

The catch was that the costs mentioned above would be applicable to people who were uninsured. When you have health insurance, your insurance company has already negotiated the prices for you (and for themselves) and that usually changes the out-of-pocket costs for you.

Insurance companies are experts at negotiating with hospitals so if you go in network, or even outside of their network, the hospital has an incentive to come to an agreement with your insurance company on prices.

These negotiations between hospitals, doctors, and insurance companies are common and expected, and can lower the initial bill anywhere from 20 to 50 percent.*

#2: Avoiding the ER – Visiting the emergency room for a sprained ankle can cost you anywhere from $4 to $24,000, according to an NIH-funded study of 8,303 ER visits that occurred between 2006 and 2008. The study found that the average emergency room visit was $1,233.

If we assume ER visits have not become cheaper since 2008, the average cost of an ER visit would be at least 50 percent higher than the average month’s rent in the United States, which is $821 (according to the U.S. Census Bureau).

The good news is that, according to the Wellness Council of America, 40 percent of emergency room visits are unnecessary. Still, too many Americans (even those with health insurance) use the ER as an entry point as soon as they encounter a health issue.

The emergency room is intended for medical emergencies, and patients who seek help in an ER typically should know that:

• Emergency roomss are not first come first serve – the sickest get served first.
• ER visits are more expensive.
• Doctors in emergency rooms do not know patient history.
• The ER may not have the best care options for each case.

With health insurance, you can go to a a primary care physician (or PCP) or even a specialist instead of the ER. And, in many cases your doctor can address minor health problems before they become major ones.

It’s also worth pointing out that many new insurance plans require a patient to pay for ER visits in full before they have reached their deductible. When we looked at a sampling of bronze plans coverage in 11 markets across the country, we found that the average deductible was $5,490. You could avoid paying the deductible, depending on your insurance plan, by visiting your doctor instead.

If your plan doesn’t cover anything before you reach the deductible, you may still be better off because doctor’s visits usually cost less than visits to the ER. Most plans cover doctor visits before the deductible, either in full or with a co-payment.  Choosing to see a PCP or even a specialist for non-emergencies will save patients both money and stress.

#3: Preventive services – A key feature of Obamacare is that all qualified health insurance plans must cover the following list** of preventive services without charging a copayment or coinsurance.  This applies even if a patient’s yearly deductible has not been met, but the services must be done by a provider within network.

• Abdominal aortic aneurysm one-time screening for men of specified ages who have ever smoked
• Alcohol misuse screening and counseling
• Aspirin use to prevent cardiovascular disease for men and women of certain ages
• Blood pressure screening for all adults
• Cholesterol screening for adults of certain ages or at higher risk
• Colorectal cancer screening for adults over 50
• Depression screening for adults
• Diabetes (Type 2) screening for adults with high blood pressure
• Diet counseling for adults at higher risk for chronic disease
• HIV screening for everyone ages 15 to 65, and other ages at increased risk
• Immunization vaccines for adults – doses, recommended ages, and recommended populations vary:
• Hepatitis A
• Hepatitis B
• Herpes zoster
• Human papillomavirus
• Influenza (flu shot)
• Measles, mumps, and rubella
• Meningococcal
• Pneumococcal
• Tetanus, diphtheria, pertussis
• Varicella
• Obesity screening and counseling for all adults
• Sexually transmitted infection (STI) prevention counseling for adults at higher risk
• Syphilis screening for all adults at higher risk
• Tobacco use screening for all adults and cessation interventions for tobacco users

source:https://resources.ehealthinsurance.com/affordable-care-act/health-insurance-benefits

23 Advantages and Disadvantages of Forex Trading

Advantages of Forex Trading:

The following mentioned are few benefits of forex trading and benefits of foreign exchange.

1. Flexibility in trading:

Foreign Exchange Market provides a lot of flexibility to the traders and business men with respect to trading goods and services. There is no restriction or limit on how much currency to be used for trading. Also, there aren’t too many regulations and rules in the market to be followed by the trader. This tells us that the market works on 24/7 hourly bases with no problem at all. People with regular jobs can also find this option as a part time job because of its flexibility of time and work.

2. Individual Control:

One of the main and fundamental advantages of having a career in Forex trading would be that the individual himself has complete control with respect to making a trade. There are no signs of anyone forcing the person in making a trade forex which he doesn’t abide with. The individual who is involved in the forex trading business always has the final decision in their hand whether they would like to enter in making a trade and how much risk the trader is willing to take with respect to earning his money.

3. Practicing:

When an individual is newly entering into the world of Forex trading, at the moment they are a rookie and are new to it. For such an individual a ‘Demo Account’ which is considered to be a replica to the way of the live trading system can be used by him to gain knowledge and Forex trading practice . There is no risk involved and the person actually realizes whether a Forex trading career is best suited for him. This is also considered as a great means towards testing, improving and organizing new skills which may be beneficial in the future.

4. Transparency in information provided:

The Foreign Exchange market is big and large in size and operates 24/7 across all country in different time zones. Even though the Forex market provides information easily to the public about its rates and current forecast. It is fairly judged that it is a short term advantage because of the time taken for the information to be passed but if taken into mind the size of the market, it makes it fair and to be understood of it circumstances.

5. Wide Options:

There are many options available in the Forex market. The business man or traders, importers and exporters can use wide variety of Forex trading market to its own advantage by trading in various currencies in pairs. There are many choices available, an individual can enter into spot trade or future agreement contracts. Thus, forex market provides a lot of variety to its investors to trade by keeping in mind the budget and the risk taking factor.

6. Reasonable Cost:

Foreign exchange trading gives a lot of option but it also is a low cost investing compared to other means of investment. It’s a reasonable factor of trading and investing. If done comparison on percentage basis, the forex market is pretty reasonable compared to other markets. This is because of the direct involvement of the dealers by reserving themselves for covering the risk therefore, not so much of brokerage is involved.

7. Profitable Gains:

Forex trade markets provide the maximum leverage compared to all the financial investing market out there. This facility gives them an added advantage to lever their investment that had been done before 20 to 30 times more and trade in the foreign exchange market. Even though if the operation of Forex trading market is small but still the investor can lose or win a big profitable amount.

8. High Liquidity:

Foreign exchange market has the largest and highest number of participants compared to other financial market. This promotes higher liquidity which brings forth the big players in the market which fills the large orders of the currency trade. It actually eliminates the price manipulation and doesn’t deviate from the original price, thus promotes efficient pricing.

9. No involvement of Central Exchange:

There is no involvement of Central Exchange but they interfere in the market but under very rare cases and extreme conditions. Such a market gives more advantage for the investors to not come through a situation of sudden surprises in price falls or price manipulation. The market doesn’t change compared to the market of the company or organization which deal with equity shares and etc.

10. Volatility:

In Forex trading an investor can easily switch to another currency if that person finds profit or good investment in that. There is a lot of risk factor involved in investing money or capital in such capital driven market but volatility gives higher profit by switching over one currency to whichever gives a good return. This ultimately gives a good advantage to decrease the risk factor and increasing profit.

11. Works 24 hours:

The Forex trading programs operates 24 hours in a day and 7 days in a week so in short it is always functioning no matter what is the situation it doesn’t get affected. The traders can take this as part time job and can work in whatever conventional hours they are comfortable in. An individual can view the current market trend and get updated anytime.

12. Confidence:

The confidence level increases when the investor hit the jackpot which in turn creates goodwill. With the high level of confidence the investor can be overly active in trading currency which can create traffic. Traffic often leads more investors in dealing with currency and this can give more profit and can earn more money.

Now, we know the advantages of Forex trading so let’s move on to the other side of the story. A coin always have two sides and in life there is two sides in every factor therefore lets learn now the disadvantages of Forex trading.

Disadvantages or Cons of Forex Exchage Trading:

1. Brokerage:

When a brokerage is involved it often leads to lack of transparency and less outcome of the investment. Therefore, in Forex trading there are few brokerages who involved in Forex trading. It’s better advised to go and look for a broker who follows all the rules and falls under the category of broker regulators. The market may not work always under the regulations but it may work under the activities of broker.

2. Price determination process:

The process of price determination process in foreign trade exchange is often considered to be complex because of the complex price determination process. The rates are influenced and they fluctuate by multiple reason and factors. The global politics and economy influence majorly in the rate of the currency thus creates uncertainty of the price. The trading is always done on technical knowledge and indicators which indicates whether its going to be a loss or no.

3. Risk factor:

There is a risk factor involved in Forex trading market. There is a high leverage which results in higher risk involved. There is uncertainty of the price and the rate of the currency which ultimately give higher profit or a huge loss so one has to be very focused and knowledgeable about the foreign exchange market where future forecasting can be accurate and profitable.

4. One Man Show:

In this market you can seek trade managers or advisors and relationship managers for advice but Forex traders are on their own when it comes to foreign trade exchange. Usually new comers quit when they enter the market because of the losses they suffer while entering the market with their limited knowledge about this market.

5. High Volatility:

The high Volatility characteristics of the Forex trading can either be an advantage or disadvantage. The changes in the global politics and economy drastically changes the forecast and diagram about the Forex market thus it makes it difficult for the investors to take risk and invest money. It can cause a huge loss to the investors if the market goes down hill and when a loss is incurred a huge amount of money will go as a loss.

6. 24 /7 Market:

This market never sleeps and thus the same goes to the investors also. The investors when they invest money they have to be updated with the market trend which gets updated every minute. The market can go unpredictable at any hour so the investor has to be attentive and conscious about the fluctuation of forex market which can happen any minute of the day.

7. Social trading:

Free exchange of information on the internet is an advantage because an individual can easily look up to the market condition and invest. But using social trading one can might follow the wrong inexperienced trader and result in adequate loss over time. So it’s preferred to look up for a trader who is experienced and can invest the money properly which can result to heavy profit in future.

8. Over Confident:

As time goes by for a person in the world of Forex trading, they experience a set of trades which they win and fail to realize that they may lose the next trade. At this moment the level of overconfidence arises with an individual and he fails to realize that he may not always win. The person may lose his discipline and takes every other trade as similar to the other which leads to over confidence which causes an obstacle in his progress.

9. Education:

To enter the Forex trading market one should have adequate knowledge about how the market works so that particular individual has to take some classes or courses to know the in and out of the foreign exchange market. It is better if an individual gets educated before entering this market or else that person has to bear heavy losses in future.

10. Scammers:

Another disadvantages of Forex trading market is that there are a lot of scammers who are ready as foxes drooling to loot the money from the investor. So the investor has to be very careful about identifying a trust worthy, reliable person who wont cheat and can give better returns. Therefore, Forex trading market is filled with frauds and cheaters but it totally depends on the investor to take a decision and go with the right person.

11. Fear:

For a Forex trading, there is risk factor involved which creates fear among the traders. It makes trading difficult for the traders because the fear is been inculcated in them because of the uncertain environment. Therefore a trader has to be mentally strong and well educated to invest their money smartly. This disadvantage can be overcome by selecting a brokerage that has perfect knowledge.

After learning and understanding of forex trading pros and cons stated points above, it’s preferable now to take a right decision whether to go for it or no. With the promises of bigger returns the Forex market also gives bigger loss and risk. One has to be mentally strong while investing into this.

source: https://content.wisestep.com/top-advantages-disadvantages-forex-trading