Buying the Correct Health Insurance for You

Insurance plans in the market seem to be a good idea for insurance shoppers to find the best plan at a competitive price, but in reality there is the possibility of creating confusion and uncertainty. This article provides advice to individuals, small businesses, and large companies that may be helpful in making decisions when choosing insurance contracts. Individuals have no perfect choice for everyone. The best measure of the value you get is your 'willingness to pay' (Getzen, 2011). Last week, we wrote about what features to compare before purchasing a health insurance plan. As promised, today's versions compare some of the popular health insurance plans you can expect. As we all know, there are numerous health insurance plans in the market; some of them are good, and some of them are useless. Therefore it is difficult to identify which is the best and which should be considered for purchase. Open Registration You usually have to purchase health insurance during the annual public offering period. The open recruitment period is from November 1 to January 31 every year. Health insurance can be purchased only when there is a target life event such as marriage or divorce, childbirth, subscription to existing insurance or loss. Premium insurance fee is the way you pay insurance fee. When deciding on the premium, the insurer will ask your age, the place you live, whether you smoke or use cigarettes and whether the insurance you purchase is for one or one family I think only about it. They may not consider your health status, medical history, billing history, genetic information, gender, disability or other health factors Both of these policies encourage people to buy healthy 'insurance' only when people are sick. After all, why would you buy now if you are sick, if you can purchase it anytime? However, only those who are sick can purchase health insurance and lose all their aims, and the risk of getting sick is spreading to many people who can not know. In the fre e market of health insurance, most people buy naturally guaranteed renewable insurance when young and healthy; low premiums payable by everyone are sufficient to cover the cost of relatively small diseases is. . (This is the mechanism of life insurance.)

Industrial Revolution Capitalism and Communism Essay

Industrial Revolution Capitalism and Communism - Essay Example Subsequently, this labor force could not be made to fit itself inside the dimensions of medieval economy that used to be fully controlled by the monarchs, businessmen, and noblemen. Hence, labor organization against the medieval structure of laissez faire led to significant change in industrial and economic relations influencing the society as a whole (Goloboy, 2006). In examining that how the workers’ lives were altered by industrialization, we must say that the workers had to acquire newer skill sets, work for longer, and function production oriented without rest and entertainment. Factory owners chose to exploit them and society changed rapidly. Workers were now underpaid, they lived in factory system, and state became a managing committee of the business owners (Carlton, 1920). Second, mechanization of production processes the number of people working in the factories. The lifestyle in agrarian economy was drastically different from that in the industrial economy. This led to extensive urban development since changes in lifestyle increased ambition and consumption of the masses. After initial hurdles, urban development led to social mixing, abolition of obsolete traditions, and innovation of shorter and simpler social customs, rituals, formalities, etc. But the economic differences between the owners and the workers began to become steeper along with these developments. Owners continued to become richer and workers continued to become poorer. During and after industrial revolution, a new class of businessmen emerged who have enough capital, which they could use to build factories and experiment with different methods production engineering and fund research. This weakened the economic control of monarchs, although no significant political change took place. Hence, a powerful business class – the capitalists emerged, who established the system of capitalism (Goloboy, 2006). Relationship between the working class and the owners was

How can microeconomics help small business owners Essay

How can microeconomics help small business owners - Essay Example Microeconomics derived from the Greek word â€Å"mikros† which means small, deals with a part of the economy rather than the whole. It deals with total output, total employment, total spending but in relation to single firms and single households. Microeconomics seeks to understand the individual consumer, the buying decisions that are made at this level and the different factors that affect the consumer behavior. The subject matter of microeconomics is mainly commodity pricing, factor pricing and welfare theory. Commodity pricing entails how prices of commodities are affected by market forces of demand and supply. The price of commodities usually determines the demand of the products by the consumer. Factor pricing are the determination of rewards for the different factors in the production process that include land, labor, and capital. These earn the business rewards in terms of wages, rents, interest and profits. Welfare theory explains the optimum allocation of resources in order to maximize utility. It is therefore crucial for small business owners to understand more about the consumers and different factors that affect the spending behavior of consumers such as price of products, income and supply Any business whether start-up or on-going needs to undertake a research of the market and actually draw up its business plan before starting operations. This gives the business its objectives and goals and provides sense of direction in the market. The following are some of the ways in which micro economics aids small business owners achieve their business goals and objectives: Understanding the individual behavior of the consumer. Consumer decision making is the most critical aspect of the micro economics as consumer spending makes up the highest part of the economy. Consumers after spending usually save surplus invest and put away for future use. Microeconomics determines how much a household save, for how long and