Salute Friend

All the sorts of businesses, including mortgage advisors, could wish to consider thinking of obtaining public liability insurance. A corporation might often want this sort of business insurance to cover a multitude of situations such as a client falling over a badly fitted carpet on your business location. Public business liability insurance will probably cover all solicitor costs and compensation granted to a citizen of the public that has received a broken foot & damage caused by you or your business.

New companies who wishes to acquire a liability policy could review the terms & conditions as many can void your public liability claim if there are certain circumstances. The very best decision to do is to thrash out with your insurance advisor the cover in greater detail.

The company are an amazing enterprise which supply liability insurance at bargain annual rates. Having public insurance is not a legal requisite for all firms, but legions of government companies might well require you have insurance in order to make available the services to them. Insured Risks offer insurance levels of up to 3.5 millions pounds, & is perfectly suited for start up businesses such as retailers, or maybe large firms such as advertising agencies.

Public liability insurance might often help to get rid of risk if you are running a money making business. The law does mention that if you cause harm to someone else or possibly their house then you will probably be told to pay the price of damage. Public liability may protect the enterprise from going bankrupt if disaster strike. Looking for a business insurance quote? Contact Insured Risks for Business Insurance.

On a daily basis questions, I receive more questions about the Medicare Drug Plan (Medicare Part D) than any other insurance questions. No…I’m not an insurance agent, but a primary health care provider. I’ll let you in on a secret - many of us are just as confused as everyone else.

With that in mind, I felt it was time to do a bit of homework.

The intended benefit of the plan is to provide a more affordable away for seniors to obtain medications. I think one of the confusions about it is its tiered approach.

While there is a standard plan, companies may offer something somewhat different. Here is what the standard plan consist of. (*Your plan may vary from this in cost and benefit).

• Yearly annual deductible of $250.00
• Monthly premium for the plan you choose. Estimates are averaging about $32.00 per month.
• Co-pay in Tier 1: 25% for covered medications after you meet your deductible, up to $2,250. For example, every time you pick up medications, you pay 25% of the cost of medication after you have met your deductible, and up until you spend $2,250 (per calendar year).
• Co-pay in Tier 2: Your cost from $2,250 and up to $5,100 are yours 100%. In other words, once your cost of medications has reached $2,251, you will pay 100% of the cost of medications until you hit the out of pocket threshold of $5,100.
• Co-pay in Tier 3: After you have hit the out of pocket threshold, your co-pay will be $2.00-$5.00 per prescription (generic vs brand name) or 5% of the cost of the covered drug (whichever is greater) for the rest of the year.

Each company that is offering a plan will have some slight variation of this. They can have a deductible that is lower, your co-pay higher, etc. In addition, depending on your income level, there may be plans you qualify for where your out of pocket expenses are greatly reduced.

Also keep in mind that your plan will vary even within the same company. Earlier this year, I recently reviewed my Mothers plan with Kaiser of Southern California. When she moved to Northern California, her benefits changed in regards to monthly premiums, co-pays and what medications were covered. Take heed and investigate before switching.

Where can you get more information?

• Medicare (http://www.medicare.gov)
• AARP (http://www.aarp.org)
• Your individual insurance company
• Your specific state Dept of Social and Health Services (DSHS). For example, here is the one for WA State (http://fortress.wa.gov/dshs/maa/index.html)

I doubt it will get any less confusing, however, it’s important that you make a choice before the deadline of May 15, 2006 as penalties will apply.

(c)2006, Barbara C. Phillips, NP is board certified in both Family and Geriatric health care and provides primary care to all ages. She is the founder of OlderWiserWomen and HealthyAgingForWomen (http://www.HealthAgingForWomen). Receive your free copy of “Celebrating You: 50 Tips for Vibrant Living” with your free membership at http://www.OlderWiserWomen.com.