What’s an insurance deductible?


couple revieiwing insurance policy

Like many other industries, insurance has its own unique jargon that can sometimes make shopping for coverage seem overly complicated. Your local independent insurance agent is always happy to break things down for you and explain any language or terms that you don’t understand. One term that is commonly used in auto, health and in other insurance policies is “deductible.”

In simple terms, a deductible is the amount of money that you, the insured, must pay for a claim before your insurance will kick in.

If you have a deductible, it means that you will be responsible for any losses or payment of services up to the stated dollar amount in your insurance policy. Usually, deductibles are defined as a dollar amount, but they can also be defined as a percentage.

Deductibles can be beneficial both for the insured and for the insurance company. For the insured, it can be a way to are a way to reduce the cost of insurance: The more risk for loss that you, the insured, agree to pay before the insurance kicks in, the lower your premium. For the insurance company, it is a way to avoid the cost of processing and paying a high volume of small claims. Talk to you insurance agent about what deductible options are available to you and how they will affect the cost of your coverage.

Let’s look at an example: You are in an auto accident and your car’s damages are assessed at $1250 in damages. If your insurance policy has a $500 deductible, you will have to pay the first $500 of the damages to your car out of your own pocket and the insurer will pay the remaining $750. Generally, once the deductible is met, any future losses that you might have during the term of that policy will be covered in full.

The Insurance Information Institute has a great article on understanding your insurance deductibles that explains how deductibles work to prevent surprise costs and save money. It’s a good introduction with clear examples. They also discuss homeowners disaster deductibles for hurricane, wind/hail, flood and earthquake coverage. (Reminder: your homeowners insurance does not automatically cover you should your home be damaged by flood, earthquake, and other natural catastrophes – talk to your insurance agent about what your homeowners does and doesn’t cover.)

Businesses can also opt for deductible plans for certain types of business coverage such as workers compensation programs.

Many people are familiar with deductibles through their health insurance coverage. Learn more about health insurance deductibles at HealthCare.gov.

As with all insurance matters, you need to check your own policy. Insurance can vary by state law, by type of coverage, and by individual policy. It’s a good idea to read your policy and to ask your insurance agent to explain any terms that you don’t understand.

 

Know the signs: Stroke can happen at any age


stroke can happen at any age

May is American Stroke Month. The recent deaths of beloved filmmaker John Singleton, aged 51 and actor Luke Perry, aged 52, serve as a sad reminder of why awareness of stroke warning signs is so vital. It’s also important to have a response plan for what to do if a stroke is suspected.

Generally, we tend to think of stroke as a medical condition affecting the elderly – and while stroke risk does increase in older years, the reality is that people of any age can suffer a stroke. In fact, health authorities say that the stroke risk for younger people is climbing.

“The deaths of Perry and Singleton underscore the fact that strokes are becoming more common among middle-aged adults. Between 2003 and 2012, the odds of being admitted to a hospital following an ischemic stroke — the most common type of stroke — increased 35.6% among U.S. residents ages 35 to 44. For those 45 to 54, the odds increased 20.5% over the same period, according to a 2017 study published in the Journal of the American Medical Assn.”

It’s important to learn stroke symptoms and act immediately, because with rapid treatment, stroke damage can be limited and the person can have a better chance of recovery. Experts say to think FAST: Facial drooping, Arm weakness, Slurred speech, and Take action, time is vital. The symptoms are ones that we might identify as a stroke in the elderly, but we might not be looking for such symptoms in people who are young or middle-aged. In younger people, these and other common stroke symptoms might be misattributed to intoxication or drug use.

Limit your risk

Here’s some good news: an estimated 80% of strokes in the US are considered preventable. There are two primary types of risk factors for stroke:

  • Uncontrollable factors, such as age, gender, race and ethnicity, family history, a prior stroke and certain health conditions.
  • Modifiable factors, such as high blood pressure, high cholesterol, smoking, a diet high in saturated fats, physical inactivity and obesity.

Learn more about stroke risk factors that are controllable and steps you can take to control them. See also: 7 things you can do to prevent a stroke.

This video depicts an elderly person who is having stroke symptoms and what happens afterwards. It’s well done. Save a life by having a better understanding of stroke and by knowing what signs and symptoms to look for.

Don’t fall for flu myths: get your flu shot early


Woman with flu bunlded in blankets, sipping a hot beverage

We tend to think of the flu as a winter illness, but October is the start of flu season in the United States, continuing on through May and generally peaking in January or February. It’s not too early to think about getting your flu shot now, and if you need a good reason, the Chicago Tribune reports on some news about the toll of last year’s flu season:

“More than 80,000 people died from the flu last season in the United States, according to early estimates from the Centers for Disease Control and Prevention. Although it’s far lower than the almost 700,000 people who died in the U.S. during the so-called Spanish flu pandemic that hit worldwide 100 years ago, last season was a “record-breaking” death toll, the highest since at least the late 1970s, according to the CDC.

The flu deaths last season were nearly 10,000 higher than the estimated number who died from drug overdoses and almost double the number of those estimated to have died in motor vehicle crashes. An estimated 900,000 plus were hospitalized, the public health agency said. In Illinois, more than 2,300 were admitted to intensive care units for flu-related illness.”

Apparently, that isn’t evidence enough to convince people to get vaccinated – less than half of the population gets a shot each year. If you are a flu shot skeptic, the Harvard Medical School shoots down 10 common flu myths – check out the article to get the facts.

  • Myth: You can catch the flu from the vaccine.
  • Myth: Healthy people don’t need to be vaccinated.
  • Myth: Getting the flu vaccination is all you need to do to protect yourself from the flu.
  • Myth: The flu is just a bad cold.
  • Myth: You can’t spread the flu if you’re feeling well.
  • Myth: You don’t need to get a flu shot every year.
  • Myth: You can catch the flu from going out in cold weather without a coat, with wet hair or by sitting near a drafty window.
  • Myth: Feed a cold, starve a fever.
  • Myth: Chicken soup will speed your recovery from the flu.
  • Myth: If you have a high fever with the flu that lasts more than a day or two, antibiotics may be necessary.

Learn about who is most vulnerable to the flu from the CDC: People at High Risk of Developing Serious Flu–Related Complications. Get more facts about prevention, symptoms, treatments and more from flu.gov.

Today, there’s no excuse – it’s pretty easy to get a flu shot on the fly, you don’t even need to make a doctor’s appointment. You can get a flu shot at most major pharmacies and drug stores. If you’re unsure where to get a shot, check the vaccine finder. Here are some tips for getting free or cheap flu shots.

Tick season is here and expected to be an active one!


Now that the New England drought is under control, tick numbers are on the rise, with experts projecting that 2017 will be especially bad for Lyme-disease ticks. Great. And as if regular old ticks aren’t bad enough, the Lone Star tick can trigger a red meat allergy in humans. These ticks were primarily found in the southwest – named after the Lone Star state of Texas – but in recent years, they have been moving north. They are an aggressive species that targets humans and pets and a single bite can trigger a lifelong allergy to meat.

According to Popular Science, “Rising temperatures have turned previously inhospitable northern states like New Hampshire and Minnesota into tick-friendly zones. And now, folks in those regions have started reporting cases of alpha-gal syndrome.” They offer more information about the dread Lone Star tick, the allergy, and other nasty diseases that it  can carry.

The University of Rhode Island is your go-to source for all things tick related (they produced the video we used in this post). Check out the site called the TickEncounter Resource Center, with lots of great information on tick identification and removal, as well as tips for your protection, for treating your yard, and protecting your pets. It has a lot of information about the various types of ticks and diseases that they carry.

They suggest a springtime tick control to-do list:

  • Spray all outdoor shoes with Permethrin
  • Make sure pets are protected
  • Have yard treated with effective tick killers
  • Be especially vigilant about doing daily tick checks
  • Send off kids’ camp clothes to be treated

They also list higher risk TickEncounter activities as:

  • Golfing
  • Walking dog
  • Camping
  • Gardening
  • Hiking
  • Mountain biking
  • Playing outdoors near wooded edges
  • Nature walks

 

Do you know the signs & symptoms of a heart attack?


 


Every year, almost three-quarters of a million people have a heart attack – that’s about one every 43 seconds. About two-thirds of those attacks are first time episodes, and about a third are repeat occurrence. And one thing many people don’t know – about 1 of 5 heart attacks is silent. Damage occurs, but the person is not aware that the attack occurred.

The best thing that we can all do is to know common signs and symptoms of a heart attack so that we can get immediate help from 911 either for ourselves or for anyone around us suspected of heart failure. Time is of the essence and can be life-saving. The American Heart Association suggest that you should become familiar with where your closest area hospital with 24-hour cardiac emergency care is located and keep emergency phone numbers on your mobile phone and near your home phone.

Heart disease is often thought of as a man’s disease but that is far from the truth – heart disease is the leading cause of death for both men and women in the U.S., causing about 1 in every 4 deaths for both men and women.

However, men’s and women’s symptoms can sometimes differ.

According to the Centers for Disease Control, the most common signs and symptoms of a heart attack include:

  • Pain or discomfort in the jaw, neck, or back.
  • Feeling weak, light-headed, or faint.
  • Chest pain or discomfort.
  • Pain or discomfort in arms or shoulder.
  • Shortness of breath.

But the CDC says that heart attack symptoms for women can differ: some women have no symptoms, others experience shortness of breath, nausea/vomiting, and back or jaw pain.

What’s your risk?

Want to learn your risk? Try these interactive heart calculators.

The American Heart Association offers these tips to help in lowering your risk of a heart attack:

  • Don’t smoke, and avoid second-hand smoke.
  • Treat high blood pressure if you have it.
  • Eat foods that are low in saturated fat, trans fat, sodium (salt) and added sugars.
  • Be physically active.
  • Reach and maintain a healthy weight.
  • Control your blood sugar if you have diabetes.
  • Get regular medical check-ups.
  • Take medicine as prescribed.

Learn more about heart attacks

The American Heart Association

Centers for Disease Control & Prevention

Medline Plus

Mayo Clinic