Mega Life & Health & Midwest National Life Finally Get What They Deserve!

This is a great day in the health insurance industry! Rarely is an insurance company held liable for improper conduct. The majority of the time the “Big Guy” takes advantage of the “Little Guy” and sadly the “Little Guy” has no recourse. But this is not the case today! After many years of repeated violations of insurance conduct laws the NAIC- (National Association of Insurance Commissioners) has levied one of the largest market conduct fines in insurance history against Mega Life & Health insurance company, Midwest National Life insurance company, a.k.a. Health Markets, formerly known as U.I.C.I. a.ka. NASE – National Association for the Self Employed & Alliance for Affordable Services. The fine is 20 Million Dollars and in my informed opinion, it is not nearly enough and it has come much to late!

Health Markets has been slinging their garbage for many years across the country to many thousands of innocent consumers who had no idea the extreme limitations included with the so called insurance coverage provided by Mega & Midwest. They have consistently offered “schedule plans” which pay out an average of only $100,000 per illness (even though the policy is sold as a plan that covers you to One Million or Two Million lifetime). Their coverage traditionally also has no “stop loss number”. This has lead to many innocent consumers suffering catastrophic financial losses.

The lack of a “stop loss number” is a very dangerous policy design. To further explain. The term 80/20 is often used when describing how a health insurance policy works. The typical major medical health insurance policy has an 80/20 of $10,000 “co-insurance” percentage split. This quite simply means that after you have satisfied your calendar year deductible the insurance company will pay 80% ($8,000) and the insured will pay 20% ($2,000) of the first $10,000 in medical bills that you incur. This first $10,000 is known as the “stop loss number”. After this brief sharing arrangement is over the insurance company pays 100% up to $5 Million per insured for the rest of that calendar year for in network treatment. Everything starts over again on the first of each subsequent year. This greatly reduces the risk to the insured and it is a standard policy design feature included with most legitimate health insurance policies.

In stark contrast, in the case of the “schedule plans” offered through the two aforementioned companies, the terms co-insurance” and stop loss” are very rarely if ever discussed with a prospective insured. This is because they have a direct effect on how much the insured will pay in the event of a worse case scenario. Worse yet, Mega & Midwest have traditionally been offering their policies with No Stop Loss Number. This means that if the bill is One Million Dollars, the consumer would pay 20% of that amount ($200,000) before the insurance company would pay 100%. However, with the $100,000 maximum pay out per illness clause included with their insurance contract, Mega & Midwest would still only be responsible for $100,000 regardless of the size of the bill! What a sweet deal for Mega & Midwest. Arguably the worse part about the coverage they offer is the fact that it costs the same or more than a major medical policy without all of the dangerous limitations included with their schedule plans.

Would you buy a policy like that if it was fully explained to you? Most definitely not, and the NAIC apparently agrees. This is the primary reason why after a 3 year 29 state investigation, Health Markets has finally had to face up to all the fraud they have been responsible for. On May 29th, 2008 they were hit with a $20 Million fine. Furthermore, a scathing “Market Conduct” report has been written as well. To read all about it please visit the following URL:

If you or a loved one have fallen victim to this organization and have purchased one of their “insurance products” please do not hesitate to contact me via the contact us page of our web site @ for a complete review of your situation and an immediate replacement of your coverage. The risk to you and your loved ones is much to great if you remain “insured” by any of the policies offered by this organization. You can also contact me directly toll free @ (866) 724 7123.

Coffee Advantages to Life, Health, and Well Being – Is It Really That Good?

Most Americans drink quite a bit of coffee, and I’d say that most of them believe that coffee isn’t really that good for them. Indeed, they say that everything is okay in moderation, but coffee is not one of those things that people take in moderation, they seem to drink coffee every single day, and many drink quite a bit, perhaps two, three or even 4 cups of coffee a day. Yes, they are definitely wired, and they alone are bridging the digital divide.

However, it is rather reassuring that coffee does have some positive attributes for the human biosystem. For instance it is been said that drinking one cup of coffee a day can prevent early onset Alzheimer’s, and there have been many other interesting stories in the news, and quite a bit of research with other advantages to coffee. We know that caffeine is not necessarily good for the central nervous system of the human body, but it seems to have other positive properties.

That is to say that coffee has advantages to life, health, and well-being. Still, as a skeptic I like to challenge the empirical data of many of these research reports that I read about in the science news, or the major newspapers. Most of all I want to make sure they’re not being funded by the coffee industry, otherwise how can we trust them. Next, I would like to look at; the empirical evidence, size of the study, and where the study took place.

Why you ask? Because it appears to me that people in different parts of the world have different diets, climate, and lifestyles, there are more things interacting with their bodies than just coffee. Not long ago, there was a very interesting article in Irish Times Online News on May 11, 2011 titled “Coffee Cuts Breast Cancer Risk, New Research Shows” by Dick Ahlstrom (Science Editor).

Okay so, we know that breast cancer is a pretty serious issue, and although fewer people die today because of breast cancer thanks to good screening, and early treatment, it would be nice to knock that type of cancer off the face of this planet. The article discussed a research project which was done in Sweden and it stated; “Women who drank five or more cups of coffee a day were found to have a 57 per cent reduced risk of developing a form of breast cancer known as ‘oestrogen receptor-negative’ cancer.

After reviewing this research paper, it seems legitimate, and it even makes sense from a medical standpoint. Therefore, it’s nice to know that although many people believe coffee is not good for them, and they feel guilty drinking it, maybe heavy coffee drinkers are getting some benefit out of all this, and maybe that will offset the challenges that caffeine has on their central nervous system over time. Indeed I ask that you please consider all this and think on it.

Comparing Life & Health Insurance Quotes

None of us knows how much time we have left on this planet. The good news is that your chances of living longer have never been better. Most people nowadays are likely to live to around 75 to 80 years of age. The bad news? You can never forecast when you’re going to be hit by a bus or succumb to a mystery virus.

So you should always make sure there is sufficient life insurance and cover against your succumbing to a serious illness or losing your livelihood that you can provide for your family.

So you should always make sure there is sufficient life insurance and cover against your succumbing to a serious illness or losing your livelihood that you can provide for your family. Life insurance won’t replace you, but it will replace your money-earning capacity.

As well as buying life cover, you can purchase critical illness policies that pay out a lump sum if you have a serious illness, such as a heart attack or cancer, and survive for a month. Some policies also pay if you die during the policy period. The same huge range of prices exists, so never, ever go for the first quote you get.

Some policies, known as permanent health insurances or income protection plans, promise to pay a monthly sum until your normal retirement age if you can’t work due to illness or injury. These policies can be expensive, especially for women because insurers think women are ill a lot more often than men.

So how much life insurance should one have?

This will depend upon the factors – your age, the number of dependents you have, your income and your outstanding debts.

People with young families need life insurance more than people in their forties and fifties whose children have left the family home. For a young family, the loss of a parent could mean that the surviving partner must try to maintain the family’s standard of living for 18 years or until the youngest child becomes independent. So a realistic level of life insurance cover is a must. For parents in their forties and fifties protection is still important, although cover does not have to be so extensive.

The more dependents you have, the more cover you need. However, insurance bought to cover the cost of bringing up your children should be timed to end when they become self-supporting, usually at 18.

The level of replacement income your partner will need if you die will be an important factor when determining the amount of cover required.

If you die, it is imperative that your surviving partner is not left with a financial millstone such as a large mortgage. Life insurance should clear such debts in the even of your death.

If I take out life insurance, will I need to have a medical?

Not necessarily. You may be asked a few medical questions when you complete the insurer’s application form. If the insurer needs further details, it may consult your doctor or ask you to have a medical. If you have suffered from illness in the past or are excessively overweight, your premiums may be increased to reflect the greater risk you represent to the insurance company. In some cases an insurer may refuse cover altogether.