Do Undocumented Immigrants Really Get Free Health Insurance? What Does It Cost You And Me?

Many 2020 Democratic contenders for the presidency have endorsed plans to provide healthcare and insurance benefits to all Americans — and all undocumented immigrants who are already living in the country, legally or not. No, they don’t already have free health insurance. But the cost of providing them healthcare on the taxpayers dime would certainly be “expensive” depending on your frame of reference, what plan you’re using, and how many people enroll.

The Republican argument is simple: they’re against nearly all entitlements across the board regardless of whether they’re going to actual United States citizens or undocumented immigrants. According to them, giving out freebies will make people less likely to contribute in the future. They also contend that the free “handouts” will lure immigrants into the country who wouldn’t otherwise want to come.

Many arguments that can only be seen as scare tactics have suggested that our population could double or even triple if such laws were to go into effect, and of course they contend that America can’t possibly pay for it. But that’s not true, either.

For most Americans, the argument holds quite a lot of weight — but it’s never held much truth. There’s an incredibly strong stigma surrounding those who survive on handouts. In general, those who rely on help from the government really do need that help. Few people actually choose to live that way for no reason, and the government severely restricts handouts to further reduce the number of those who do.

But of course increasing the number of people who are entitled to free healthcare (no one is yet), would increase the costs of those programs. According to the Center for Immigration Studies (CIS), there are about 4.9 million undocumented immigrants living “below 400 percent of the poverty threshold.” They don’t have access to insurance.

Were they given access to programs, taxpayers would pay at least $10 billion per year according to CIS. At the high end of the spectrum, it could cost $23 billion per year.

To put big numbers we cannot even comprehend into perspective, the 2019 U.S. federal budget requested expenditures of $4.407 trillion. Over $693 billion of that is discretionary spending that goes to the military. Much of all spending is mandatory, but well under half is based on discretion. Over half of that goes to the military (not including veterans’ benefits). Other big pieces of the discretionary pie are government, education, healthcare, housing, and international affairs.

But none of those programs come close to costing as little as what we would pay to expand what Democrats see as universal human rights toward undocumented immigrants. And here’s another aspect to consider: the amount we provide individuals and companies in tax breaks slightly exceeds all discretionary spending. Stop giving out tax breaks — and suddenly the United States would see a budget surplus once again.

Health Insurance Rate Drops Among Americans For First Time In A Decade

Perhaps unsurprisingly, the number of uninsured Americans has risen since Obamacare was introduced a decade ago. The number of uninsured went from 7.9 percent to 8.5 percent in 2017 and 2018. That means about 2 million more people are now without health insurance thanks to the Trump administration’s relaxed regulations and gutting of previous Obamacare laws.

Also relevant, this is the first time uninsured rates have increased since the recession hit hardest during 2008 and 2009. It’s important to note because the economy is continuing to grow, while the unemployed and poverty rates continue to fall. In 2018, about 27.5 million people went without health insurance. The number will likely grow during Trump’s presidency. Even with years of inflation, the median household income is staying the same.

Some have attributed the increasing rate of uninsured to the repeal of Obamacare’s health insurance mandate, which penalized those who went without with a stiff fine. Other critics say that the law didn’t really motivate anyone to seek health insurance anyway.

One of the more concerning aspects of this increased rate of uninsured is the children who fall within that statistic. According to Census data points, about a million young people aged 18 and younger are now without insurance compared to the same time two years ago.

Joan Alker, the executive director of the Georgetown University Center for Children and Families, said: “Prior to the Trump administration assuming office, reducing the number of uninsured children was a national success story. Unless things change immediately, this progress is at risk — and our children and their families will pay the price.”

House Speaker Nancy Pelosi said, “President Trump’s cruel health care sabotage has left two million more people without health insurance, forced to live in constant fear of an accident or injury that could spell financial ruin for their families.”

Some analysts believe that Trump’s “public charge” rule is also compelling immigrants to stop seeking coverage or drop coverage they already have, rather than risk being deported from the United States because they need help.

The Kaiser Family Foundation’s Rachel Garfield explained, “We’ve heard a lot of anecdotal reports and even started to see some data that either immigrant families are declining to renew their coverage or not enrolling.”

The Trump administration has sought to reduce Obamacare standards by approving Medicaid work requirements in nine states to reduce the number of people who are eligible. 18,000 people in Arkansas lost their Medicaid in 2018 as a result of Trump’s changes. More states will see the new regulations go into effect soon.

Flood Insurance Rates Rising Under Trumps Plan

The Trump Administration intends to roll out a new way to calculate flood risk in the next comings weeks under the National Flood Insurance Program which could cause flood insurance premiums to rise and property values to fall. Instead of focusing on whether or not a property is inside or outside of the 100-year flood plain, FEMA plans to use private sector data to calculate the “real” flood threat for each home and set the costs of flood insurance based on that data.

The change can be a good and bad thing for homeowners. On one hand, it would be the first real major advancement to improve the understanding of flood risk giving homeowners a proper evaluation of the likelihood of a flood in their home. On the other hand, communities that weren’t in the flood zone or near the flood zone could be facing the need to have flood insurance by the government. An unexpected cost that many families might not be able to handle.

The National Flood Insurance Program (NFIP) currently covers 5 million people as of 2017. Even with the increase in flooding due to climate change, that’s 10% lower than properties covered in 2009. The House Committee on Financial Services will hold a hearing tomorrow on reauthorizing the NIFP. In 2012, the government tried to reform NIFP but failed to do so after a public outcry. The reason for the reform is that claims often outpaced premiums which caused the NIFP to have a debt of $30 billion in 2017. The current model that determines rates do not take into consideration flooding from intense rainfall. The new risk assessment system will take things like that under consideration when determining rates.

The goal is to have more transparent rates so people will get insurance coverage. The impact on what this will have on property values has yet to be seen but it will be interesting once the new premiums roll out.

Why Is Having Life Insurance So Important?

As you age, you start to understand the increased importance of having life insurance. No matter how well you have planned for your financial future with Lenzo and Reis, New Jersey Employment Attorneys, you cannot sufficiently prepare for unexpected death without proper life insurance coverage.

1. Protect Your Loved Ones.

The main reason you are going to want to adequately prepare for an unexpected death by getting life insurance for yourself is to properly protect your loved ones. If your loved ones are relying on you for their financial support, it is going to be absolutely necessary to get the right life insurance coverage. This is particularly important if you have young children that rely on your financial support because they will be vulnerable if something were to happen to you and you could no longer provide for them. Additionally, it is equally important for those families that might find it difficult to sustain a certain standard of living if one of the partner’s incomes disappeared overnight.

2. Leave More For Your Children.

Another big reason you would want to consider investing in something like life insurance is to provide a greater inheritance for your children. Being able to leave an inheritance for your children is one of the main reasons you would want to purchase a life insurance policy. By naming your children as beneficiaries, you will be able to help them secure a better future for themselves if something were to happen to you. This alone is going to allow your children to have a much more stable financial future which can really help them in the long run.

3. Avoid Being a Burden.

If you are someone that has a lot of debt, you are going to want to be sure to invest in the proper life insurance coverage to adequately cover them. Otherwise, any debts that you might have are going to be forced on to your family. You don’t want to leave a financial burden on your family if at all possible. By getting adequate coverage that is going to sufficiently cover any and all debts that you might have once you die, you should be able to alleviate the burden of debt. Along with this, your death is going to come with a lot of foreseen and unforeseen expenses including but not limited to burial expenses, funeral costs, and more. Thus, you will want to be sure that you have the proper insurance coverage that can help cover all of the expenses.

Overall, there are plenty of reasons you will want to make the investment in life insurance. Not only is it going to help reduce the financial burden on your family, but it can help you set up your children for a better and much more secure financial future. If you have a family, there is absolutely no reason to go without proper life insurance coverage with the affordable options available to choose from.

Everything You Didn’t Know Was Covered By Homeowners Insurance

Sometimes it can seem like insurance is a silly creation only meant to make businessmen a lot of money. Maybe it is, and maybe it does. Other times it can come in quite handy, and not always in the situations you think. Here are a few uncommon–but (sometimes) helpful–situations in which you might be covered by your homeowners’ insurance!

 

  • Space Shuttles. If you survive an emergency space shuttle landing or the debris from a lost vehicle high above, then your homeowners’ insurance has you covered. You’ll be able to grab a hotel and eat on the dime of your insurance company, so don’t let these unlikely scenarios get you down. You’re also protected from blimp and helicopter accidents. And other homes.
  • Bikes. You have to opt-in to this kind of coverage. If you do, your bike is protected up to 3,000 miles from your home. In other words, if you take your bike on vacation in the states, chances are you can get a replacement if it’s stolen. The same kind of coverage protects you from lost luggage.
  • Dogs. Depending on the breed, your homeowners’ insurance will cover a family-owned dog bite. Considering these attacks are relatively commonplace, this is definitely one to keep in mind.
  • Accidents. You can be held personally liable for accidents that affect a neighbor’s property, but your homeowners insurance will likely help pay medical, funeral, and legal expenses incurred as a result. A tree in your yard might have fallen on their house, but at least you won’t have to pay for it.
  • Children. Kids are also sort of treated as if they fall under the accident clause. If your children haven’t reached thirteen-years-old, then any damage they cause to your property is covered by your insurance. Who knew?
  • Children, again. If your kids are in college, chances are they’re going to have to deal with stolen property sooner or later. It happens. The good news is this: your homeowners’ insurance covers that property.
  • Stones. Not the normal kind, but the graveyard kind. If someone vandalized a family grave away from home, you’re still covered for thousands of dollars of damage. Another one to remember.

 

The list goes on, so do some research when looking over your homeowners’ insurance policy. Take advantage when you can!

 

How A DUI Impacts Your Insurance

Being pulled over for a DUI requires that you call a DUI defense attorney immediately. However, if you are convicted of a DUI, there are several repercussions ranging from losing our license, breathalyzer installation. Yet, one thing that many are not prepared for is how immensely your car insurance will be impacted by this conviction.

Most states require to fill out a form known as an SR-22 with the state’s Department of Motor Vehicles. This form gets sent to your insurance. They then usually classify you as a high-risk driver or chose to drop you completely, even if you have no prior accidents or anything else on your driving record. When you are moved to a high-risk policy, insurance can double sometimes triple its rates.

Depending on what state that you live in, a DUI can stay on your driving record from 3 to 7 years making switching auto policies almost impossible. Keep in mind the infraction will stay on your criminal record forever.

In the event that you get into an accident while you are driving under the influence, you can be dropped from the policy as well. It depends on which liability coverage you had but most insurance companies believe that DUI is intentional not accident and are probably not even covered under your insurance.

 

Travel Insurance From Your Credit Card Provider

When most people think about the rewards associated with owning a credit card, they imagine reward points, cashback, and air miles. Did you know, however, that many credit cards now come with free travel insurance? When you use those cards to pay for trips, not only do you earn points and air miles, you also get free complimentary travel insurance coverage. The insurance typically covers lost luggage claims and the cost of medical treatment in the event of an illness or accidental injury.

Perhaps one of the most popular cards for seasoned international travelers is the Chase Sapphire Reserve credit card. When the card is used to pay for travel costs, spenders can enjoy lots of benefits including a reimbursement of up to $10,000 in the event that a trip has to be canceled due to unforeseen circumstances. The card also provides up to $500 of cover for travel delays and cover for lost or stolen baggage. Furthermore, the travel insurance benefits extend to a cardholder’s immediate family members, even when the main cardholder is not the one traveling. Unfortunately, the card does have a steep annual fee of $450, so you need to be a frequent traveler in order to justify the fee.

The Citi Prestige credit card is another card that is popular with frequent travelers. It providers baggage delay cover of up to $500 per traveler. Make sure you read the terms and conditions carefully, as the insurance benefits do not cover items purchased during the trip.

The American Express Platinum credit card is arguably the best card for providing medical emergency insurance cover during a trip abroad. A cardholder can call the Premium Global Assistance Hotline at any time during their trip if they require medical attention. The hotline team will coordinate medical evacuation from the site of injury or illness. Falling seriously ill while overseas is one of many international travelers’ biggest fears, as the cost of international healthcare can be thousands of dollars. The Platinum Card From Amex offers travelers peace of mind.

So, before you book your next travel plans, make sure you check whether any of the credit cards you already have offer free travel insurance. If none of them do, it might be worth applying for a new credit card that does. A benefit like this could help you to save a lot of money when it comes to obtaining insurance for your international travel. What’s more, some of the best credit cards also offer zero fees on all foreign currency transactions.

The Benefits Of Having Small Business Insurance

There are a few risks that come with running a business especially a nursing home abuse lawyer NYC. For instance, the property might be destroyed by a natural disaster, an employee could be injured while on the property, or a client can sue because of a contractual breach. That’s why small business insurance policies are important. Here are a few reasons why you should apply for small business insurance today.

A Legal Requirement: By law, you’re required to apply for various types of insurance policies such as worker’s compensation, disability insurance and unemployment insurance for your business. Failure to have these coverages will result in penalties and heavy fines. Also, your business could be excluded from public contracts.

When Sued: People have become very litigious and if there’s a liability claim from one of your clients without the proper insurance, your business will close down. Whether it’s a disgruntled employee or dissatisfied client, your business could fold completely without an insurance cover. With liability insurance cover, you’re completely protected.

Keep The Business Open: In the event of a natural disaster like an earthquake or flood, an insurance policy will replace the loss of property and possessions. Also, if you have a business owners insurance policy, you can get back the money you lost when the business was closed. Therefore, you will not be taking a loss during the renovations because you’re completely covered.

Credibility: Did you know that having insurance for your small business makes it look credible? Your clients will immediately know that you’re a safe choice. Also, in the event that something goes wrong when you’re providing your services, you can always compensate effortlessly.

Employee Protection: Did you know that the success or failure your business is determined by your employees? Therefore, they are the most important assets your business can ever acquire. By law, you’re required to have worker’s compensation insurance policy. That way, your employees are protected in the event of an accident and your business can survive the liability claims.

Protection From Natural Disasters: Due to global warming, the tides have turned and the weather has become completely unpredictable. Now more than ever, there are reports of floods, hurricanes, tornados and much more. Therefore, with the right insurance policy, your business is protected from these acts of God.

In conclusion, if you want to run your small business successfully, you need business insurance. However, make a point of comparing different insurers to make an informed choice on the right policy for you.

Weird Types of Insurance

If you’re like most people, you have auto, home, and life insurance. You probably think you have all your bases covered. But what happens when something out of the ordinary occurs? WIll you be protected?

Insurance Policies You Never Knew Existed

Where there is fear or a feeling of uneasiness, there will be a need for a “what if” plan. That’s where these policies come in. Policygenius out together a list of the weirdest insurance policies they could find. Some policies will make sense, others, not so much. Check out the list below.

Wedding Insurance

When you are planning a wedding a bevy of emotions will overtake you. You will be nervous, stressed, and emotional, all while being filled with affection for your partner. You can relieve some of the financial stress of having a wedding by purchasing a wedding insurance policy. Wedding insurance is designed to assist with financial damages that may occur if there is an unexpected interruption with the planned date. Most policies define this as a natural disaster or a personal tragedy. Wedding insurance policies also have the option or liability protection. In other words, if the location does not have alcohol liability coverage or if severe weather gets in the way of your outdoor ceremony. Insurers like Allstate will even go as far as offering a couple honeymoon insurance.

Cold Feet Insurance

Cold feet insurance is meant to provide financial safety to the costs of a wedding if the bride or groom gets cold feet and decide they no longer want to get married. The technicalities of this coverage are that the wedding must be called off one year in advance and only the parents of the former couple will be reimbursed, no the couple who split.

Alien Abduction Insurance

Yes, believe it or not, there are companies that sell alien abduction insurance to those who are afraid their nightmares may turn real. A UK-based insurer has been able to sell over 30,000 policies across Europe. Premium or this type of insurance can be as high as $150 per month for a $1.5 million dollar coverage option. The biggest issue you may run into is that in order for you to be covered, you must show proof of alien life — which may be quite difficult to obtain.

Lottery Insurance

We have all thrown a few bucks in the office lottery ticket pool. The insurance that is offered in the United Kingdom protects businesses in the event that all of their employees win the lottery and decide they’re ready to retire.    

Multiple Birth Insurance

When you’re expecting a baby, you will be overcome with the anticipation of a son or daughter; but what happens when you it turns out twins or more are on the way? Well, that’s where this policy kicks in. Multiple birth insurance is to be purchased upon pregnancy. The policy is designed to compensate couples for the birth of an unexpected baby, aiding with the cost that comes along with it.

Bed Bug Insurance

If you are renting or own a home, you may have a pretty detailed policy for renters or homeowners insurance. One thing that those policies do not cover is bed bugs. Bed bugs will infest your home quicker than you can imagine, feasting on your skin as you sleep. Hiring an exterminator to rid your home of the bed bugs can be costly. Bed bug insurance will cover the cost and protect you from unwanted house guests.

Food Truck Insurance

Food truck insurance is different from restaurant insurance. Food truck insurance policies protect food trucks from disasters, like their truck bursting into flames, and it protects the owner from liabilities like foodborne illness and personal injury.

Tips For Choosing Car Insurance

If you’re a new driver, then finding the right car insurance for you can seem like a daunting task. Even if you’ve been through the meat grinder a time or two before, the insurance industry changes so often that you might benefit from a moment to update your search to find the right kind of insurance for you. But how do you choose the right kind of insurance? Well, it depends on a lot of factors. Here are a few of the most important tips we can offer.

If you haven’t purchased a vehicle, then do your research. If you buy a sports car, then you can expect pay higher premiums no matter what insurance provider you choose. On the other hand, if you pick a vehicle made by a manufacturer with high safety standards, you can expect to pay less. Check out any safety-related awards won by the vehicle you want to buy.

Before adding coverage, compare how different insurance companies rate. Some will provide much better service when preparing claims. No one needs the added headache after an accident. So do your due diligence now.

Beware of deductibles. A high deductible can reduce your premium, but if you get into a bad accident you might end up paying more out of pocket than if you didn’t have any insurance, to begin with.

Do a routine search for discounts that might lower your insurance. Defensive driving courses will often provide this benefit to new and old drivers alike, and can really help cut costs. If you have a great driving record, more experience, or you’re married, then you might find additional discounts to better serve you.

If you already own car insurance, then be sure to review it on a regular basis. If you never increase the amount of your policy, then you may not have enough to cover expenses for any liability incurred in the event of an accident. Be careful, and be prepared to spend what you need to spend. That said, be sure to compare rates whenever you review your insurance. Just because one company is a better option one year doesn’t mean it will be the next.