Something Old, Sometime New: Insurance When You are Getting Married

Something Old, Sometime New: Insurance When You are Getting Married

Health insurance providers are not created equal. Before a couple is married, the option of sharing coverage is extremely unusual unless one of your insurers offers domestic partner insurance. As you become engaged, if you both have separate insurance it is important to talk about the both of you switching to the better plan once you are married. There are a few factors consider, which include deductibles, co-payments, and the benefits of each separate plan. Marriage is a big step, and it can be done with ease if the two of you settle important decisions such as your health insurance plan before you take the big leap.

Your deductible is the amount you must pay each year to start your policy. Once this payment is made you will be responsible for whatever amount of co-payment your insurance company requires for you to pay for the health expenses that are covered in your particular policy. The amount of co-payments that you will be responsible for is established at the time you agree to your health insurance policy. It is going to be a certain percentage of health expenses; for instance, you pay 10% while your insurer will be paying the other 90%. You and your fiancÈ should compare both of your plans and figure out which deductible and co-payment plan seems most appropriate for the two of you.

Married couples are usually eligible for certain benefits that unmarried couples are not. Being insured separately by the health care provider sponsored by your employers may no longer be the most beneficial option for you. If you or your fiancÈ has insurance, and the other does not, once the two of you are married they can be added to the other partner's plan. Cost of adding an additional person is definitely something that should be examined. You should not be required to pay more for adding a spouse or even a child in the future because most plans are offered to immediate family at no extra cost. The best way to compare policies is to estimate a yearly amount of normal health expenses, emergencies, co-payments, and deductibles. Whichever plan has the lowest cost to you will almost always be the best choice.

In addition to sharing health insurance with your new spouse, you may also want to consider switching the rest of your insurance plans, such as the policies you have for your separate automobiles. This is because most companies will give you a discount on having more than one vehicle insured. You may also be interested in finding a company that can insure you home, automobile, and health in one place. If you carry more than one policy with a company, they will also usually give you some sort of discount on them. It is important to sit down and discuss insurance with your fiancÈ because the two of you could be saving money and stress by figuring out what decision is best before the time comes.

Jobs and over aged applicants

Though some employers would prefer a younger workforce, the older applicants still have a wide variety of career choices to choose from.

Employers are starting to see the potential of older and much-experienced applicants as can be seen by the statistics below:

q In Australia, Bureau of Statistics showed that between the period of August of 1989 to that of August of 2003, the workforce aged 15-24 lost more than 380,000 jobs to older workers.

Aside from the fact that most of Australia's younger generation became full-time students, employers favored the older applicants.

q In Netherlands on the other hand (by December of 2000), over 500,000 thousand of their employees are 55 years old and above. This figure had been increasing steadily since 1995.

To have a head start from the younger applicants, one has to take into consideration the following:

1. In writing one's resume, put more weight in highlighting the accomplishments without necessarily bragging about it.

One could have these lists of accomplishments and previous posts held work for one's advantage over younger applicants who may not even have any experience on the same field.

An individual's employment history receives as much scrutiny as the applicant itself. While employers tend to look for gaps or lapses of time when the applicant has been unemployed, they also tend to focus on the length of service one had rendered for their previous employers.

Frequent change of work (usually within very short time frames) can be alarming for prospective employers.

2. Read and enroll in programs that will refresh your knowledge on certain fields especially if engaged in professional sectors. This will keep you individual abreast of the latest trend in such fields.

3. Search the Internet for vacancies. A lot of agencies place ads on the net that advertises help for senior citizens in looking for jobs. Various search engines made easier and specific (can choose the following categories: career, location and field of interest) are also available.

Jobs that do not usually look into the age of the applicant are the following:

1. Professional work that are into specialization. For applicants in the medical field (i.e. Doctors) experience is the basic determinant of being hired.

2. Lectures or speaking engagements. Speakers that are invited to discuss certain topics do not really have an age requirement. Rather, qualification focuses more on first hand knowledge and experience.

3. Writers. Writing novels, plays or children's books are one of those professions whose only requirement is good writing skills. Also, one can do the job at the comfort of their own homes, a plus factor for those in their advanced years.