Sentences with phrase «risk insurance pools»

Each state has different phenomena to deal with, and some perils require purchasing special coverage from high risk insurance pools like the FAIR plan.

State Run High Risk Insurance Pools The States of Minnesota and Connecticut are the earliest state to have set - up the very first type of state - run - high risk insurance pools.

Fortunately for these high risk applicants, the government issued a health care reform which offers high - risk insurance pools for those citizens who badly needs to have an insurance policy now but can't get it in any way.

The lawmaker said she is in favor of allowing people to purchase insurance across state lines, the creation of high risk insurance pools and tax credits.

Summary: SB552 was a top priority for NSEA - Retired (NSEA - R) this session and helps a group of retired educators, referred to as «orphans» in the state health system, who have faced higher healthcare costs stuck in a small high - risk insurance pool.

Even if you have a pre-existing condition you can get coverage from a high - risk insurance pool offered by your state government.

Nevertheless, citizens who belongs to the high - risk pool has the option to choose from one of the above mentioned high risk insurance pool program and does not have the liberty to own both.

Like many states, Kentucky has established a high - risk insurance pool — Kentucky Access — to provide coverage for individuals with a medical history that prevents them from obtaining affordable coverage on the individual market.

Not exact matches

The individual mandate balances the risk pool by requiring all Americans to buy health insurance or pay a fine, with some exceptions.

For instance, it's unclear how preserving guaranteed insurance eligibility for people with pre-existing medical conditions can work without the unpopular coverage mandate (since people could then just buy insurance when they get sick, bankrupting insurers), or how governments would fund historically pricey «high - risk pools» for the sickest Americans.

U.S. mortgage insurance is thus based on the actual risk characteristics of the individual borrower rather than pooled across all citizens, as is the case in Canada.

Furthermore, he's expressed support for the ACA's guaranteed coverage provisions for people with pre-existing conditions, but potential plans to nix Obamacare's mandate that everyone carry insurance and the introduction of high - risk pools for the sick could result in an exorbitantly expensive system for people who already face massive medical costs.

That said, I actually think this is less likely; insurance operates best at more scale, not less: first and foremost, the larger the pool, the more risk can be spread, as well as obvious efficiency gains in administration.

We could decide this is a national priority and decide that Matt and I here in DC have to pay some sort of flood insurance premium even though we are super low risk just because there are more floods happening and you need more low risk people in the pool.

If some one is fat lazy slob who smokes your insurance premiums increase due to the risk in the insurance pool you are a part of goes up do to that individuals choices to not exercise, not smoke, not eat health.

By definition, all insurance is pooled premiums, risks, and costs.

Combined with subsidized high - risk pools for people with preexisting conditions, these changes would allow many millions more Americans to afford insurance.

In fact, I have supported a part of Obamacare currently in effect — alas temporarily — that creates a kind of subsidized assigned risk pool for those who are otherwise uninsurable, similar to those we see in auto insurance that helps otherwise difficult to insure people obtain coverage.

Partly it is a form of risk pooling, also known as insurance: not everyone lives to old age, so not everyone spends money in old age.

Amongst the areas of his responsibility were overseeing a business specialising in advising central government departments and local government on Insurance risk transfer and being involved in proposing pooling / reinsurance solutions for large clients, including Whitehall.

But she has not said if she supports a GOP plan to give states the option of placing those with preexisting conditions in «high - risk» insurance pools that could raise premiums.

Governments in the developing world are also now pooling their resources into sovereign insurance funds that make payouts for climate adaptation programs, said Fatima Kassam of the African Risk Capacity Insurance Co., a specialized agency of the Africinsurance funds that make payouts for climate adaptation programs, said Fatima Kassam of the African Risk Capacity Insurance Co., a specialized agency of the AfricInsurance Co., a specialized agency of the African Union.

At present, life insurance is calculated on a «pool» basis: as no one knows who is most at risk of early death, individuals pay for each other's risks.

Which insurance schemes will we favor (insurance against hacking, for example), and will risk - pooling dynamics change?

The mandate will lead to more healthy people being covered, and adding these people to the health insurance «risk pool» will theoretically lower the per - person cost of insurance.

Yet we don't see randomized controlled trials doing much to inform the Obamacare debate, or helping to understand the relative wisdom of, say, insurance mandates versus high - risk pools.

On the other hand, more people in the risk pool helps to make Phoenix, AZ renters insurance a little bit cheaper than the national average.

This is a state - funded risk pool designed for people who can not reasonably get insurance on the voluntary market.

It is common for home insurance companies to exclude pools with slides and diving boards - these generally present a higher risk for injuries and medical expenses.

On the other hand, teenagers can and should be told that insurance is a way to transfer risk, that it involves many people pooling their money that's then administered by the company, and that it's designed to handle major losses that a person couldn't reasonably handle on their own.

A house insurance policy can easily cost double for the same square footage as a condo since it covers more risks (e.g. your house, gardener, pool etc).

In this regard, a reverse mortgage is part loan and part insurance product — the reverse mortgage lenders are pooling their risk across many customers and making a calculated bet that most will pay back the loan in full with proceeds from the future sale of their home.

Likewise, if you have blemishes on your driving record or fall into some other high - risk pool, your auto insurance is all but assured to cost more than the state average.

Through mutual funds, the investment industry can pool the risks of many individual investors, like the insurance business.

In addition to the obvious claim and risk concerns, the amount of people who have renters insurance in a given area, and therefore the risk and the size of the risk pool, can vary widely.

Insurance started out as a means of pooling risk.

And yes, the press release accompanying the report actually uses the phrase cat food, as in the headline «Pooled Risk Insurance can save seniors from cat food.»

Longevity insurance based on pooling senior risk is the key proposal of a program called LIFE, recommended by CD Howe.

Why do folks — who happily buy life, health, disability, auto and other insurance — balk at this type of risk pooling?

A car insurance company can cancel your insurance when your credit downturns because of the bankruptcy, then place you in a high risk pool if you want to keep your car insured, a provision of most state laws.

Swimming Pools Because of the drowning risks both to your family and anyone visiting your property (invited or otherwise), a pool will significantly increase your home insurance premium.

The authors identify four broad investment themes that have potential to scale up finance for sustainable energy, both in OECD and emerging markets: (1) green bonds market development, (2) structures that use development finance institutions» de-risking instruments to mobilize private capital, (3) insurance products that focus on removing specific risks and (4) aggregation structures that focus on bundling and pooling approaches for small - scale opportunities.

The use of local community - based organizations [can be expanded to allow individuals to pool their risks, as a form of emergency legal insurance].

Leading up to the fall 2009 mandatory insurance renewal deadlines, it became clear that a large number of UK firms — especially small and mid-sized — would be forced to shut their doors even if permitted to join the national Assigned Risks Pools (ARPs)-- facilities offering punitively - priced coverage for the hard - to - insure.

Insurance pricing is based mainly on an actuarial estimate of the risk transferred from the property owner to the insurance company, and on the pool over which this risk iInsurance pricing is based mainly on an actuarial estimate of the risk transferred from the property owner to the insurance company, and on the pool over which this risk iinsurance company, and on the pool over which this risk is spread.

A $ 250,000 cap on non-economic loss makes the insurance risk manageable, stabilizes the insurance market and provides for affordable coverage, assures that health care providers will buy coverage, and assures that a pool of money is available through the insurance mechanism to compensate injured patients fully for their economic losses.

The insurance coverage, particularly for the so - called «second tier,» comes from a single source, American Nuclear Insurers, a pool of major commercial insurers jointly underwriting the potential risk.

Finally, we add to this definition a high risk pool that is a mechanism established under state law to provide health insurance coverage or comparable coverage to eligible individuals.

(xvi) A high risk pool that is a mechanism established under State law to provide health insurance coverage or comparable coverage to eligible individuals.

Umbrella insurance is especially important for people who may be at higher risk for lawsuits, like dog or pool owners, and families with teenage drivers.