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March 9, 2018

Reasons Why Your Health Insurance Claim Can Be Denied

health insurance coverageIn this time of rising medical inflation, investing in a medical insurance policy has become the need of the hour. The benefits of a health care plan indeed out weigh the cost. Many individuals, therefore, invest in a health care policy to enjoy financial protection in case of a medical emergency.

You may either opt for a reimbursement of the medical expenses incurred by you, or you may file a cashless claim. Though the procedure for filing a claim is quick and hassle-free, sometimes it may get rejected.

Following are six major reasons why your health insurance claim may be denied.

1. Providing inaccurate or incomplete details

One of the reasons for denial of the claim is a failure to furnish complete or accurate details. These details may pertain to your health condition, pre-existing conditions, or nature of employment, among others. Since these factors are crucial in helping the insurance provider to determine your eligibility and premium, they may deny the claim if they find out that crucial information has been withheld or if facts have been misrepresented.

2. Seeking claims for exclusions

Most medical health insurance plans come with a list of diseases and ailments that are beyond the scope of coverage. Making a claim for any conditions or ailments in the exclusion list will fail to qualify for coverage and hence the claim will be rejected.

3. Making a claim during the waiting period

Waiting period refers to the specified time frame that you must wait for, before beginning to enjoy benefits of the policy. This is the period during which pre-specified illnesses are not covered by your policy. Hence, making any health insurance claim during the waiting period will result in it being rejected.

4. Admission to a non-network hospital

Insurance companies have a network list of hospitals. In order to avail of a cashless facility, it is imperative to get admitted at any of the hospitals in the insurer’s network. The insurance provider may reject your cashless claim in an event that you are admitted to a non-network hospital. In such a case, however, you may seek reimbursement of the hospital expenses incurred by you. You may submit the original bills, medical reports, and fill the claim form while seeking reimbursement.

5. Claims made on lapsed policies

Your policy may stand lapsed in case you have failed to make premium payment before the due date. Making a claim once your policy has lapsed will mostly result in denial of the filed claims. It is, therefore, necessary to make timely payment of your medical health insurance premiums in order to enjoy uninterrupted benefits of your health policy.

6. Failure to notify the insurer within the stipulated time frame

Your medical health insurance policy states the period within which you must inform the insurance provider of your hospitalization. If the claim has not been brought to the notice of the insurer within the time frame stipulated in the terms and conditions of the policy document, the insurance claim will be rejected. You may, therefore, submit the insurance claim request within the time frame. You may also submit the original hospital bills as well as post-hospitalization expenses if any.

A medical health insurance claim denial may threaten your financial security and the ability to receive medical care. It is, therefore, necessary to identify the possible causes of rejection. Once you are well aware of the possible causes of claim denial, you may follow the guidelines to ensure that your claims are honored.

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February 12, 2018

Few good advantages of Investing in ULIPs

ulip investmentsThe money market will provide you with investment instruments like ULIPs that come with a fair combination of investment and life coverage at once. The premium that you pay for ULIPs are segregated into 2 parts; one portion goes towards investment instruments present in the money market, while the other one goes towards meeting your risk coverage on life. There are a few inherent benefits attached to ULIPs.

5 key advantages of ULIPs over all conventional life insurance policies:

Identify the right blend of investment

Picking the market entities in the right blend often depends on your investment risk appetite. For those of you that are low-risk takers, investing in debt funds is a good ploy. Likewise the moderate risk-takers can invest in balanced funds, while the high-risk bearers can think of equity funds. Balanced funds are a good option lying between equity funds and debt funds. You’ll be able to switch funds once you gain considerable market outlook.

Investment Flexibility

With an ULIP, you’ll gain the right to invest your entire premium value besides gaining opportunities to allocate additional amounts on the policy. Other investment plans don’t yield so much of flexibility. Depending on your risk appetite and your financial profile, you may choose between these two investment strategies:

Life-Stage Strategy: The years remaining towards your policy maturity and your age help in asset allocation.

Self-Managed Strategy: Your fund choice helps in allocating your money. This option safeguards the financial future of your child even when you aren’t there.

Long term investment

ULIPs prove to be a great option for fulfilling long-term investment goals e.g. launching a start-up, buying your new car, and buying a property. ULIPs are designed to yield more returns and that too for a longer duration; they owe this power to their compounding nature. Even if you decide on quitting the ULIP policies after a period of 5 years, you’ll be amazed to see how much more you’ve saved than what you’d see with other investment options. Your money will grow with a much greater momentum and for a longer duration than how you usually see it grow in your savings bank or with your fixed deposits. All you need to do is to determine the amount of investment with the help of an online premium calculator.

Life coverage

Life insurance companies are only known to offer ULIPs in the form of a product. Besides yielding financial protection, ULIPs are known to fulfill your investment needs. Compared to a term plan, the life cover attached to ULIPs may be smaller but they do come with life cover. When it comes to fulfilling your financial goals in the long run, ULIPs constitute a strong investment opportunity. Prior to investing in ULIPs, you must check out the performance of all individual funds in great details. This is likely to provide more insight into investment options with quality returns.

Tax Rebates

Tax benefits aren’t always attached to investment option that you come across in the market. ULIPs come with a combination of tax benefits and life coverage. Under section 80C of the Income Tax Act, you’ll be entitled to receive tax rebates on all paid up premiums. Likewise, all of the payouts that you receive are entitled to tax exemption under section 10D. Besides seeing your money grow, you’ll be happy with how much you’ll save in the end.

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November 29, 2017

In The Nick Of Time: Advantages Of Real-Time Construction Notifications

construction expensesCloud Computing: Revolutionizing Construction Techniques

Cloud computing is truly a game-changer; just consider these five revolutionary cloud computing applications. It’s possible to cut tens of thousands from traditional operations by reducing time necessary in regard to bureaucratic management, and costs associated with information technology.

On a job-site, the right cloud solutions can get everybody “on the same page” more quickly, provide for remote monitoring, clock-in/clock-out procedures, and information provision. Managers of a given site can more cohesively lead their workers, and those funding a given project can watch its progress in real time.

Beyond convenience and complication reduction in operations, many financing construction projects are becoming increasingly interested in problem prevention. There are many situations where a tiny change like a halt in building could have stopped a much bigger, costly problem from happening.

With the cloud, such close monitoring is more realistically feasible than it’s likely ever been. When you add to that positive political trends in reference to the construction market, such innovation presents itself as a nearly essential component of modern building endeavors.

Today, there is hope on the horizon—there is light at the end of the tunnel! Brexit last year heralded in global change, and was swiftly followed by a political administrative change in the United States that is, and provided nothing politically untoward happens, will continue to be, very good for construction.

Additional Cost-Saving Solutions

If you’re looking for discount sleeper trucks, at https://www.mylittlesalesman.com/find/sleeper-semi-trucks-i2c55f0m0, you can find a fine inventory of them—according to the site: “…you’ll find new and used sleeper trucks for sale that offer comfort and have as many axles as you need to comfortably haul any type of cargo…”

With a sleeper truck you can cut down transit times when shipping specific materials, which in turn cuts down operational costs. Cloud computing solutions can help you identify areas of operations where a tweak here or there could substantively reduce costs.

There are always places where you can conserve assets and optimize your business. Always. Sometimes optimization involves acquisition of newer software solutions, sometimes it means liquidation of antiquated tech. What’s sure regardless of purchase or sale is that there’s something you can do.

Look at your regular contracted jobs at the present time. What kind of jobs characterize the majority of operations? What are common problems which occur when you’re pursuing these jobs, and how can you prepare for those problems in advance? Conservation of time is the next best thing to the conservation of money.

Time And Money

When technology solutions can save you time with minimal invasive bureaucratic rearranging, that’s a cost-effective optimization. Additionally, it can be that which provides you increased competitiveness against other construction groups who have yet to incorporate this technological upgrade.

Look at cost-savings in terms of time. How much is one hour of production worth to your company? $1,000? $10,000? $100,000? If you can save just ten hours a month through more smooth operations via technology, at these numbers you’re cutting expenses by a minimum of $120,000 a year. If you’re saving ten hours at $100k a month, you’re saving $1.2 million annually.

Little costs add up. You can be “nickel-and-dimed” to bankruptcy, if you’re not careful of this trend. At the same time, you can use such techniques to increase profit gradually over time. Attention to detail is key.

So sit down and consider the costs of operation right now, identify where you can upgrade things, and take steps to facilitate those upgrades. Little changes can produce big savings, so be diligent to conserve all that is available to you.

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October 21, 2017

Are you paying more taxes than is necessary? Useful tips to lower your property taxes

tax for the propertyIt is the duty of every citizen to pay taxes to the government so as to aid with national and regional developmental objectives. It’s a crime not to pay your taxes and you could face a jail term if you knowingly or unknowingly fail to make your tax payments. If you own property, whether residential or commercial, you have to make regular payments to your local and federal government in the form of property taxes. The amount you pay as property tax depends on the size and value of your property with those with large property investments paying more taxes for their property. However, the tax man may make errors when determining the value of your home and you could end up paying more than you should in taxes. If you feel that you are paying more taxes than is necessary, there are a few things that you can do to solve the situation and here are some of them.

1. Visit your local tax office.

The first step in rectifying your tax situation is to visit your local tax office. Once at the tax office, inquire to find out the valuation of your property as per their recent analysis. If you have issues with their valuation, inquire to find out what one needs to do to file an appeal. If there are fees to be paid and forms to be filled, let them tell you how much you should pay and the where you can find the tax appeal forms. It is important to do everything according to the law as deviations reduce your chances of getting your tax appeal approved.

2. Get independent appraisal.

You should hire an independent appraiser to determine the value of your home for your tax appeal. Your property may have depreciated in value from the last time the taxman assessed it and an independent appraisal will help you determine by how much. Such professionals are not free and you will have to pay for their services. The upside is that you will be able to determine the true value of your home for your tax appeal.

3. Limit outdoor construction.

Outdoor structures increase the value of a home and as a result, you will have to pay more taxes for your property. Such structures include garages, carports and outdoor shades. If you want to lower your taxes, you should, therefore, strive to limit the outdoor structures in your home or at least wait until after the next property assessment by the taxman.

4. Check with your neighbors.

If the homes in your neighborhood are the same, then you and your neighbors should be paying similar taxes for your property. You should, therefore, check with your neighbors to find out how much taxes they are paying for their homes. If you find any disparities, raise that issue with your local tax agency.


Paying taxes is very important but if you find yourself experiencing difficulties in paying them and your other bills, you should consider filing for Bankruptcy in Toronto.

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October 20, 2017

Looking for new property – This Real Estate key points will help you for sure

real estate propertyWe always try to increase our assets. If we are earning more than we also save more. Sometimes we are investing in gold; we are purchasing new bonds even we are investing in stock market. But I have observed that people love to purchase new land or will increase their property. Here a real estate agency takes place.

Now many business houses expanding their business in real estate so we are finding more real estate projects everywhere. Even these real estate agencies are giving more offers to their clients. Every country has their different real estate laws. While choosing your real estate company you can take guidance from your financial advisor regarding where to go & how. Following are the points which you need to keep in mind & I am sure these points will help you.

1. Market reputation

While choosing your real estate agency for new apartment or property you need to check what market reputation your agency has. If that real estate company is very new in the market try to avoid those companies. Go with the experienced one.

2. Previous completed projects

When you will select the experienced agency then check their previous completed projects. Check how many clients they have got for the same. Is all their created properties have been sold or not. If possible go to that completed projects & check how those are.

3. Take existing clients feedback

When you will visit to the live completed projects try to talk with their existing clients who has purchased from that real estate agency. Existing customers can give the actual views about their business because they have experienced their created properties.

4. About their competitors

Every business does have their competitors. Real estate business does have more competitors in terms of this. So, check your agencies competitors, if they are also big then go for this company. It means your agency do have some good position in this field.

5. Your specifications

While searching for your property you can set your specifications or expectations earlier. This will help your real estate agency to find the ideal property or apartment for you. If you want beach properties then specify your requirements. Here I can strike an example, recently I have visited Florida, USA & there I have found many rich beach side properties like Icon south beach, Aria on the bay, Santa maria brickell, Icon brickell etc. If you are the citizen of Florida & looking for beach property then you can search in this manner. I am sure you will get the ideal one as per your needs. In the same way you can search in the other countries also.

Before concluding the matter would like to tell you that think twice before you just jump for any real estate company because this would be a long term investment for you & the investment amount is also huge here. So, take proper assistance from your financial advisor & then go ahead. These real estate investments not only increase our property/assets it also includes more comfort in our life if your property or apartments are like that. Finally good luck from my end I hope these information will help you somewhere.

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