Is Mental Illness Covered by Insurance?

Approximately one in five adults in the United States experience symptoms of mental illness each year, according to the National Alliance on Mental Illness. Mental illness symptoms are often treatable, but paying out of pocket for medication, therapy, and in some cases, hospitalization, is often impossible. Because of that, you want to know if your insurance policy covers mental health treatment. Affordable Care Act and Mental Health Coverage The Affordable Care Act has transformed mental health coverage. Almost all small group and individual health insurance plans are...

Do I Need Health Insurance When I Travel...

When you plan a trip, you want to ensure your adventures are fun and safe. If you are planning to venture abroad, you’ll want to: Obtain the necessary documents such as passports and visas. Know about any required immunizations. Research the places you plan to visit. You should also prepare for the unforeseen by obtaining insurance to cover the costs of your medical needs in the event of an injury or illness. Some countries require visitors to carry travel or accident insurance. Before leaving the country, you may be required to show proof of insurance to the nearest...

What is the Difference Between Life and ...

With so many products on the market to protect you, it can be overwhelming to figure out the ones you need and the ones you don’t. For example, life insurance and accident insurance policies provide coverage in the event of your death. However, one can also pay out if you are severely injured and one only pays upon your death. Life Insurance Life insurance provides a benefit to your loved ones in the event of your passing. If the policyholder’s death occurs during the term of the policy, the beneficiaries will receive the payout (also known as a death benefit)...

What You Need to Know About Maternity In...

Pregnancy marks an exciting time in a woman’s life. It also means spending more time in your doctor’s office. However, individual health insurance plans have not always provided coverage for expectant mothers. Prior to 2014, pregnancy benefits were only covered by about 12% of individual health insurance policies. This meant that once a woman became pregnant, she would pay for medical services out of pocket or have to add a special rider to her insurance plan. In addition, pregnancy was considered a preexisting condition, making things even more difficult for...