Student loan borrowers make up over fifty percent of college students. Today's high cost of education makes it almost impossible for many to get through college without getting financial help. The thing is, about 20% of educational loan borrowers drop out before they receive their degree.
College dropouts will still be responsible in paying back what they owe even if they haven't completed their studies. There are a lot of reasons why an individual cannot complete his studies but the consequences are the same no matter what these reasons are.
If a borrower decides to drop out during a semester, his debts may be canceled. To prevent a borrower from withdrawing early and end up keeping the borrowed funds, instructors are to report a student's attendance for several weeks into the term or until the designated drop date. If the borrower quits attending his classes before the drop date, the college will have the student loan canceled to prevent the funds from being dispersed. The borrower will then be responsible in paying off the cost of tuition and in case he cannot pay this will reflect on his credit score.
If the borrower drops out prior to graduation, he will still be asked to repay his college debts after the allotted grace period. Sometimes, a graduating student ends up dropping out of college due to financial difficulty or the need to keep a job. However remember that without a degree, paying back college debts could get especially difficult.
If the borrower is unable to repay his debts after dropping out, his debts will go to default. If the borrower has a federal student loan, this could be gravely detrimental - he may not be able to secure federal jobs, his government benefits may be taken away as well as tax refunds and Social Security payments and his wages garnished. Private lenders can sue you for non repayment and even filing for bankruptcy may not always discharge college debts.
|
|---|
Friday, November 26, 2010
Defaulted Student Loans: The Consequences and What You Can Do About It
You have defaulted student loans if you have not managed to pay your monthly dues for 270 days. Not being able to pay your college debts on time could result to dire consequences so it is recommended to stay true to your repayment plans.
What should you do if your federal college debts have gone to default?
First contact your lender and fully explain your situation. Second, ask about your options and how you can resolve the problem. Third, make it known to them that you are willing to pay off what you owe and ask them to work with you. And lastly, always stay in touch with your lender.
What if the default was a mistake?
If you think there has been a mistake then have the error corrected. There are things you can do to fix the problem if your situation fits the following:
- Your payments were not credited - ask your collector for a statement of all the payments you've made.
- You have applied for a forbearance or deferment - ask your collector to confirm the beginning and end dates of your forbearance or deferment application and if you see any discrepancies, provide paperwork showing the correct information.
- You've been attending school part-time - ask your school's registrar for a record of your attendance. You may also contact the school you attended since you took the loan to complete your documentation and present all these to your collector.
What are the consequences of having defaulted student loans?
If you have federal college debts and they have gone to default, you will no longer be eligible to apply for any federal educational financial aid.
Your eligibility for payment relief debt forgiveness will be forfeited.
Your credit rating or history will greatly be affected. Reports of the current status of your college debts will be made to all credit bureaus so you might find it difficult to apply for a credit card or buy a house or car in the future.
You will also be asked to pay-off your debts immediately. In worse case scenarios, you'd be facing lawsuits and could end up not being able to sell or purchase assets.
What should you do if your federal college debts have gone to default?
First contact your lender and fully explain your situation. Second, ask about your options and how you can resolve the problem. Third, make it known to them that you are willing to pay off what you owe and ask them to work with you. And lastly, always stay in touch with your lender.
What if the default was a mistake?
If you think there has been a mistake then have the error corrected. There are things you can do to fix the problem if your situation fits the following:
- Your payments were not credited - ask your collector for a statement of all the payments you've made.
- You have applied for a forbearance or deferment - ask your collector to confirm the beginning and end dates of your forbearance or deferment application and if you see any discrepancies, provide paperwork showing the correct information.
- You've been attending school part-time - ask your school's registrar for a record of your attendance. You may also contact the school you attended since you took the loan to complete your documentation and present all these to your collector.
What are the consequences of having defaulted student loans?
If you have federal college debts and they have gone to default, you will no longer be eligible to apply for any federal educational financial aid.
Your eligibility for payment relief debt forgiveness will be forfeited.
Your credit rating or history will greatly be affected. Reports of the current status of your college debts will be made to all credit bureaus so you might find it difficult to apply for a credit card or buy a house or car in the future.
You will also be asked to pay-off your debts immediately. In worse case scenarios, you'd be facing lawsuits and could end up not being able to sell or purchase assets.
How Do You Extend Your Federal Student Loan Term for Easier Debt Repayment?
Do you need to extend your federal student loan repayment term?
Extending your debt repayment term will lower your monthly payment rates and possibly your interest rate making repayment easier and more affordable. This will also let you have extra funds for other necessities: rent, bills, food, etc.
What repayment options are there to extend your debt repayment term?
Extended Repayment Plan
This plan can extend your repayment period up to 25 years and can choose to repay monthly on a fixed amount or graduated which means the amount you pay gradually increases as your income increases. A requirement is that you must owe $30000 or more in federal college loans.
Income-contingent Repayment Plan
This is available for borrowers who have Direct and PLUS loans. Your monthly repayment dues will be based on:
• Income per year
• Your spouse's income (if married)
• The size of your family
• The total amount of your college debts
Under this plan, you will be given 25 years to pay and if after this period, you haven't been able to repay all your debts, the remaining amount will be forgiven. The forgiven amount will be considered income received so you will have to pay for income tax.
Income-based Repayment Plan
Your monthly payment dues will be based on your income during a period of financial difficulty. This plan may exceed 10 years to repay and if you meet certain requirements over a certain period of time your outstanding balance may be canceled.
Debt Consolidation
A lit of borrowers resort to consolidation as a means to extend federal student loan repayment. Repayment period may extend up to 30 years and it lowers your monthly payment dues. If you consolidate when interest rates are low, you can lock-in on this lower rate which will go unchanging until your college debts are all cleared.
Extending your debt repayment term will lower your monthly payment rates and possibly your interest rate making repayment easier and more affordable. This will also let you have extra funds for other necessities: rent, bills, food, etc.
What repayment options are there to extend your debt repayment term?
Extended Repayment Plan
This plan can extend your repayment period up to 25 years and can choose to repay monthly on a fixed amount or graduated which means the amount you pay gradually increases as your income increases. A requirement is that you must owe $30000 or more in federal college loans.
Income-contingent Repayment Plan
This is available for borrowers who have Direct and PLUS loans. Your monthly repayment dues will be based on:
• Income per year
• Your spouse's income (if married)
• The size of your family
• The total amount of your college debts
Under this plan, you will be given 25 years to pay and if after this period, you haven't been able to repay all your debts, the remaining amount will be forgiven. The forgiven amount will be considered income received so you will have to pay for income tax.
Income-based Repayment Plan
Your monthly payment dues will be based on your income during a period of financial difficulty. This plan may exceed 10 years to repay and if you meet certain requirements over a certain period of time your outstanding balance may be canceled.
Debt Consolidation
A lit of borrowers resort to consolidation as a means to extend federal student loan repayment. Repayment period may extend up to 30 years and it lowers your monthly payment dues. If you consolidate when interest rates are low, you can lock-in on this lower rate which will go unchanging until your college debts are all cleared.
What Are the Advantages of Paying Off Your Student Loans Early?
Do you want to still be paying off your college debts at age 40 or beyond?
If you don't pay off your student loan debts as early as possible, then it is possible that you will still be repaying your college debts in your old age.
As a fresh graduate, you won't be having a lot of financial obligations save for your college debt repayment dues so you should use this opportunity to apply as much as you can to lessening what you owe. There are benefits to paying off your debts early aside from not having to worry about it in the future.
Here are some of the advantages of quickly clearing off your college debts.
You lessen your debt to income ratio. This will be a great improvement to your credit score which will also improve your chances of borrowing with lesser interest rates in the future. Your payment habits will also be recorded and since they are good, this is in turn a good reflection of your credit rating. Do you know that some potential employers can look into your credit dealings? Maintaining a good credit habit has a positive impact on your future.
You can better deal with future financial problems. Falling into financial difficulty cannot be helped. There may come an unexpected time in your life when you lose a job, fall ill or be rendered incapable to earn in some ways for a period of time. If this happens to you and you have several unpaid debts, this could greatly affect your future financial dealings. Prepare yourself for this by lessening your debts as much as you can now.
Save money in the long term. Every payment you make towards your student loan principal will reduce the interest rate and the number of years to pay so you will be paying lesser to the lender overall.
If you don't pay off your student loan debts as early as possible, then it is possible that you will still be repaying your college debts in your old age.
As a fresh graduate, you won't be having a lot of financial obligations save for your college debt repayment dues so you should use this opportunity to apply as much as you can to lessening what you owe. There are benefits to paying off your debts early aside from not having to worry about it in the future.
Here are some of the advantages of quickly clearing off your college debts.
You lessen your debt to income ratio. This will be a great improvement to your credit score which will also improve your chances of borrowing with lesser interest rates in the future. Your payment habits will also be recorded and since they are good, this is in turn a good reflection of your credit rating. Do you know that some potential employers can look into your credit dealings? Maintaining a good credit habit has a positive impact on your future.
You can better deal with future financial problems. Falling into financial difficulty cannot be helped. There may come an unexpected time in your life when you lose a job, fall ill or be rendered incapable to earn in some ways for a period of time. If this happens to you and you have several unpaid debts, this could greatly affect your future financial dealings. Prepare yourself for this by lessening your debts as much as you can now.
Save money in the long term. Every payment you make towards your student loan principal will reduce the interest rate and the number of years to pay so you will be paying lesser to the lender overall.
Private Student Loans Set to Stage a Major Comeback
Recent governmental analysis has shown that about one-fourth of all federal financial aid is directed toward students who attend private, for-profit colleges, even though these students represent just 12 percent of the national college population.
Private student loans are non-federal loans - student loans issued by banks and private lenders, rather than by the federal government.
Private student loans are credit-based loans carrying variable interest rates that can be as much as three to five times as high as the fixed interest rates on federal college loans. Additionally, private student loans don't generally offer the flexible repayment options and borrower hardship protections offered by federal education loans.
The recent substantial drop in the amount of private student loans being issued can be partly attributed to greater publicity of the drawbacks of these loans in comparison to federal student loans.
Consumer advocates, student groups, and the U.S. Department of Education have campaigned heavily over the past three years for the benefits of low-cost federal college loans over private loans, which the groups maintain are more expensive and higher risk for vulnerable student borrowers, many of whom are financially inexperienced and who may not be aware of exactly what kind of long-term debt burden they're signing up for.
Private Student Loans Poised to Surge at For-Profit Colleges The student loan default rate among students from for-profit colleges is exceptionally high because these students - a large proportion of whom are low-income, minorities, or returning students - tend to have a harder time translating their for-profit degree into gainful employment, and they're carrying much more student loan debt than their post-graduation income will allow them to repay.
New proposed federal financial aid regulations seek to rein in what critics of for-profit colleges see as runaway student debt levels by instituting a loan default threshold that would render a for-profit institution ineligible to offer federal financial aid to its students if its students have a sustained high student loan default rate.
A proposed federal "gainful employment" rule would also yank federal financial aid funds from for-profit schools whose students graduate with excessive debt-to-income levels and are unable, in general, to find work - "gainful employment" - that will allow them to earn enough to pay off their student loans.
But in the absence of federal financial aid, private loans remain the financing of choice among students - particularly in the current economy, with home equity, credit card lines, investments, and college savings largely decimated - and some private lenders are readying to fill in the gaps left by the suspension of federal financial aid at ineligible institutions.
According to analysts, large private student loan lenders like Wells Fargo and Sallie Mae will reap the benefits of the proposed federal financial aid sanctions, which are set to go into effect in 2012.
Lingering Recession Forces Students Toward Pricier Private Student Loans The re-emergence of private student loans won't be limited to just for-profit colleges, however. The rise, fall, and rise-again of private student loans as a part of U.S. students' long-term financial aid future is tied directly to increases in the costs of college and the failure of federal financial aid to keep pace with the increases.
"Increases in college costs are the primary drivers of increases in student borrowing, especially when need-based grants don't keep pace with higher college costs," Mark Kantrowitz, publisher of FinAid.org, told Reuters.
And as the sour economy drags on, students' need for funding sources to help pay for college will only become greater.
Publicly funded colleges and universities are reeling from a string of spending reductions for higher education and are passing along those losses to students in the form of tuition and fee increases.
"Private student loan volume could grow in the double digits next year because of tuition hikes driven by state budget constraints," said Michael Taiano, a financial analyst at Sandler O'Neill.
At the same time, a record number of students are seeking a higher education, enrolling or re-enrolling in colleges and universities, stretching the federal financial aid budget thin.
"Federal budgets are constrained by how much in aid they can deliver," said FBR Capital Markets analyst Matt Snowling. "So the funding gap is going to be filled by private loans."
As the lender-in-chief for federal college loans, the federal government is also beginning to experience first-hand the impact of a growing number of loan defaults, as a national populace in the midst of a recession and 10-percent unemployment struggles to keep up with its monthly bills.
Recent graduates are leaving school with record-high debt from loans and diminished prospects for employment. Parents who in other years might have helped their children pay for college are finding themselves being turned down for federal parent loans because they have joined the ranks of the unemployed and don't qualify for the loans based on their own creditworthiness.
All of these factors are re-opening the door to private loans, despite the federal government's best efforts to steer families from private student loans to federal financial aid options.
FinAid.org's Kantrowitz predicts that the volume of private student loans will exceed federal loan volume by 2025. And, as they have in the past, lenders of private loans are perched, ready to fill in the widening gap between the cost of a college education and the value of a federal financial aid package.
Private student loans are non-federal loans - student loans issued by banks and private lenders, rather than by the federal government.
Private student loans are credit-based loans carrying variable interest rates that can be as much as three to five times as high as the fixed interest rates on federal college loans. Additionally, private student loans don't generally offer the flexible repayment options and borrower hardship protections offered by federal education loans.
The recent substantial drop in the amount of private student loans being issued can be partly attributed to greater publicity of the drawbacks of these loans in comparison to federal student loans.
Consumer advocates, student groups, and the U.S. Department of Education have campaigned heavily over the past three years for the benefits of low-cost federal college loans over private loans, which the groups maintain are more expensive and higher risk for vulnerable student borrowers, many of whom are financially inexperienced and who may not be aware of exactly what kind of long-term debt burden they're signing up for.
Private Student Loans Poised to Surge at For-Profit Colleges The student loan default rate among students from for-profit colleges is exceptionally high because these students - a large proportion of whom are low-income, minorities, or returning students - tend to have a harder time translating their for-profit degree into gainful employment, and they're carrying much more student loan debt than their post-graduation income will allow them to repay.
New proposed federal financial aid regulations seek to rein in what critics of for-profit colleges see as runaway student debt levels by instituting a loan default threshold that would render a for-profit institution ineligible to offer federal financial aid to its students if its students have a sustained high student loan default rate.
A proposed federal "gainful employment" rule would also yank federal financial aid funds from for-profit schools whose students graduate with excessive debt-to-income levels and are unable, in general, to find work - "gainful employment" - that will allow them to earn enough to pay off their student loans.
But in the absence of federal financial aid, private loans remain the financing of choice among students - particularly in the current economy, with home equity, credit card lines, investments, and college savings largely decimated - and some private lenders are readying to fill in the gaps left by the suspension of federal financial aid at ineligible institutions.
According to analysts, large private student loan lenders like Wells Fargo and Sallie Mae will reap the benefits of the proposed federal financial aid sanctions, which are set to go into effect in 2012.
Lingering Recession Forces Students Toward Pricier Private Student Loans The re-emergence of private student loans won't be limited to just for-profit colleges, however. The rise, fall, and rise-again of private student loans as a part of U.S. students' long-term financial aid future is tied directly to increases in the costs of college and the failure of federal financial aid to keep pace with the increases.
"Increases in college costs are the primary drivers of increases in student borrowing, especially when need-based grants don't keep pace with higher college costs," Mark Kantrowitz, publisher of FinAid.org, told Reuters.
And as the sour economy drags on, students' need for funding sources to help pay for college will only become greater.
Publicly funded colleges and universities are reeling from a string of spending reductions for higher education and are passing along those losses to students in the form of tuition and fee increases.
"Private student loan volume could grow in the double digits next year because of tuition hikes driven by state budget constraints," said Michael Taiano, a financial analyst at Sandler O'Neill.
At the same time, a record number of students are seeking a higher education, enrolling or re-enrolling in colleges and universities, stretching the federal financial aid budget thin.
"Federal budgets are constrained by how much in aid they can deliver," said FBR Capital Markets analyst Matt Snowling. "So the funding gap is going to be filled by private loans."
As the lender-in-chief for federal college loans, the federal government is also beginning to experience first-hand the impact of a growing number of loan defaults, as a national populace in the midst of a recession and 10-percent unemployment struggles to keep up with its monthly bills.
Recent graduates are leaving school with record-high debt from loans and diminished prospects for employment. Parents who in other years might have helped their children pay for college are finding themselves being turned down for federal parent loans because they have joined the ranks of the unemployed and don't qualify for the loans based on their own creditworthiness.
All of these factors are re-opening the door to private loans, despite the federal government's best efforts to steer families from private student loans to federal financial aid options.
FinAid.org's Kantrowitz predicts that the volume of private student loans will exceed federal loan volume by 2025. And, as they have in the past, lenders of private loans are perched, ready to fill in the widening gap between the cost of a college education and the value of a federal financial aid package.
Traders International - A Day Trading Education
When it comes to dealing in stocks and investments, absolutely nothing beats insightful experience. That is the reason why fund managers and investing gurus become more highly regarded as time passes. Celebrated investors like Warren Buffett see signs that no others see because experience has taught them to look for them until it became second nature. For soon to be traders, though, this does not sound very encouraging. It may look like that one needs to take his / her lumps before having a shot at making a revenue. Yet that doesn't need to be the case concerning those at Traders International. Started by Afshin Taghechian, Traders International has incorporated understanding and experience of its founder and senior staff in more than a decade of trading readily available for all its members. By doing this, the learning curve for new traders becomes less daunting.
Traders International is the present outward exhibition of its founder's passion for buying and selling and his vision to open its doors to everybody. It began in an effort to aid his colleagues and friends in their own personal trading activities and has now broadened into a worldwide force in trading. It happens to be presently amongst the quickest expanding trading educational training readily available, with its standing growing through its exceptionally recognized Traders International Market Experts System. Enjoying the simplicity of accessibility that online trading offers, Traders International performs its tutorials and support activities in real time over the internet. So no matter where you are, the company and its entire selection of assistance products and services will there be for you.
Traders International often conducts live workshops over the web to demonstrate to traders how to use their technique and profit from it. Once you understand it on your own, they also supply continuing assistance with improvements and live trading coaching from their skilled market experts. The experience they supply for their members is unlike any other.
Traders International is the present outward exhibition of its founder's passion for buying and selling and his vision to open its doors to everybody. It began in an effort to aid his colleagues and friends in their own personal trading activities and has now broadened into a worldwide force in trading. It happens to be presently amongst the quickest expanding trading educational training readily available, with its standing growing through its exceptionally recognized Traders International Market Experts System. Enjoying the simplicity of accessibility that online trading offers, Traders International performs its tutorials and support activities in real time over the internet. So no matter where you are, the company and its entire selection of assistance products and services will there be for you.
Traders International often conducts live workshops over the web to demonstrate to traders how to use their technique and profit from it. Once you understand it on your own, they also supply continuing assistance with improvements and live trading coaching from their skilled market experts. The experience they supply for their members is unlike any other.
Stop Worrying About Your Trade Positions, Be Confident and Win
It is normal for humans to be worried or be anxious of things that concern them. Just like in trading, it is inevitable to worry about your trade positions. Worrying about your trade positions will not do anything good. Why not just take a credible and time tested trading system to erase all those worries?
Worrying brings many adverse effects including unexplained body pains, sleeplessness and loss of appetite. It does not only lessen your enthusiasm but it also kills your joy. It does not only make your day gloomy but it also intensifies the difficulty of your problem instead of solving it. Worrying steals the peace of your mind and heart. It only diverts our attention to things that should not be paid with time. It only consumes too much of your energy in just useless and irrational fear which is very impractical.
If you are investing in the stock market and suddenly predict that you are going to incur great loss due to some inconsistencies, it does not do any good to fear and worry on such situation.
Worrying will never become a solution to the problem. As a matter of fact, it will become a part of the problem. Why spend your time unwisely if you can use effective strategies to get to the bottom of your circumstance? Avail of a trading system that can get you out from these worrying sprees. With the use of a time tested trading system, trading success is at your fingertips.
There are many strategies out there to help you prevent money loss when you trade. There are available tools created by excellent experts that you can use. Trading systems abound the internet. Through these tools, you can increase the probability that you will accumulate money from your investment. Your investment will be in a secured state and at the same time, your day will no longer be gloomy and empty but full of happiness. By using such tools, you will no longer worry about your finances because you feel secured that everything will be alright through these. The real challenge is finding a really credible trading system. Not all trading systems are the same.
There is one tool that is very effective that was formulated for 20 years out of rich experiences in the trade and planning.
This tool provides secrets on how to be a success on the stock market even in times of recession. So stop worrying because this tool will give you a full-blast knowledge about advanced techniques in playing with the stock market.
This will not help you at all if you do not try it and just dismiss it as another one of those programs
http://protrades.info will assist you to better results.
Worrying brings many adverse effects including unexplained body pains, sleeplessness and loss of appetite. It does not only lessen your enthusiasm but it also kills your joy. It does not only make your day gloomy but it also intensifies the difficulty of your problem instead of solving it. Worrying steals the peace of your mind and heart. It only diverts our attention to things that should not be paid with time. It only consumes too much of your energy in just useless and irrational fear which is very impractical.
If you are investing in the stock market and suddenly predict that you are going to incur great loss due to some inconsistencies, it does not do any good to fear and worry on such situation.
Worrying will never become a solution to the problem. As a matter of fact, it will become a part of the problem. Why spend your time unwisely if you can use effective strategies to get to the bottom of your circumstance? Avail of a trading system that can get you out from these worrying sprees. With the use of a time tested trading system, trading success is at your fingertips.
There are many strategies out there to help you prevent money loss when you trade. There are available tools created by excellent experts that you can use. Trading systems abound the internet. Through these tools, you can increase the probability that you will accumulate money from your investment. Your investment will be in a secured state and at the same time, your day will no longer be gloomy and empty but full of happiness. By using such tools, you will no longer worry about your finances because you feel secured that everything will be alright through these. The real challenge is finding a really credible trading system. Not all trading systems are the same.
There is one tool that is very effective that was formulated for 20 years out of rich experiences in the trade and planning.
This tool provides secrets on how to be a success on the stock market even in times of recession. So stop worrying because this tool will give you a full-blast knowledge about advanced techniques in playing with the stock market.
This will not help you at all if you do not try it and just dismiss it as another one of those programs
http://protrades.info will assist you to better results.
6 Critical Fundamentals To Pick Explosive Penny Stocks
In order to pick explosive penny stocks you must analyze key factors for each company you potentially consider investing in. There is no short cut. The best paid subscription (email alerts) apply this due diligence to every stock, but there is no reason you can't do the same.
These are the primary fundamental parameters in determining the health, quality, efficiency and profit potential of any company. You should rule out picks that don't fit with the listed criteria.
Increasing revenues - Positive consecutive quarterly growth in revenue is what to look for. Good companies should be gaining market share, or have operational strategies that are going as planned. Look for companies that may earn revenues from recurring billing and are adding subscribers.
Improving Earnings - consecutive quarterly earnings are what to look for. You only want companies that are making money, period. Only about 15 % of the penny stocks will fit in this category. Stay away from companies with negative earnings.
Competitive Advantage - Look for companies that have some sort of unfair market advantage. The competitive advantage should be not easily replicated and easily sustainable.
Low Debt Level - Look for companies with no debt or low debt. These companies will have options to expand operations, weather a downturn in their industry. Companies with lots of debt do not have the flexibility to take on more debt.
Insider Trades - Look for companies with that have insiders and company directors making consistent stock purchases. Stay away from companies where high level insiders, top execs, and directors are dumping high volumes creating panic and artificially driving prices down.
Buy Back plans - Buying back shares makes shares you hold more valuable, since there are fewer shares available. Buy backs indicate that the company believes their stock is undervalued. Look for year after year buy back plans of 5-10% of outstanding shares.
If any of these 6 primary fundamentals are out of whack, you should seriously consider bypassing that company and continue looking. A solid stock picking service can greatly reduce this choosing process.
The best stock picking services will have done their due diligence in screening out losers. What I would recommend if you're new to all this but are excited about making money with penny stocks is to subscribe to a penny stock picking service and set up a paper trade system ( not using your real money).
Monitor you paper trades diligently for a few weeks. You're in the game yet have not incurred any risk, plus it will be clear how much money you would have made or lost!
These are the primary fundamental parameters in determining the health, quality, efficiency and profit potential of any company. You should rule out picks that don't fit with the listed criteria.
Increasing revenues - Positive consecutive quarterly growth in revenue is what to look for. Good companies should be gaining market share, or have operational strategies that are going as planned. Look for companies that may earn revenues from recurring billing and are adding subscribers.
Improving Earnings - consecutive quarterly earnings are what to look for. You only want companies that are making money, period. Only about 15 % of the penny stocks will fit in this category. Stay away from companies with negative earnings.
Competitive Advantage - Look for companies that have some sort of unfair market advantage. The competitive advantage should be not easily replicated and easily sustainable.
Low Debt Level - Look for companies with no debt or low debt. These companies will have options to expand operations, weather a downturn in their industry. Companies with lots of debt do not have the flexibility to take on more debt.
Insider Trades - Look for companies with that have insiders and company directors making consistent stock purchases. Stay away from companies where high level insiders, top execs, and directors are dumping high volumes creating panic and artificially driving prices down.
Buy Back plans - Buying back shares makes shares you hold more valuable, since there are fewer shares available. Buy backs indicate that the company believes their stock is undervalued. Look for year after year buy back plans of 5-10% of outstanding shares.
If any of these 6 primary fundamentals are out of whack, you should seriously consider bypassing that company and continue looking. A solid stock picking service can greatly reduce this choosing process.
The best stock picking services will have done their due diligence in screening out losers. What I would recommend if you're new to all this but are excited about making money with penny stocks is to subscribe to a penny stock picking service and set up a paper trade system ( not using your real money).
Monitor you paper trades diligently for a few weeks. You're in the game yet have not incurred any risk, plus it will be clear how much money you would have made or lost!
Why Not Day Trade?
Day trading can be, one of the many alternatives to generate money without the need of having a large amount of capital. You only need a couple of grands, depending the broker's margin calls, and that's it. Some brokers require $2000 and others $5000. Find one that suits your needs. There are plenty of options out there.
The best part is the broker when you enter the futures markets, uses "Leverage" It means they lend you the money. You need a deposit "margin call" as a deposit. This is a great thing, because you are doing nothing more than what the banks, are doing...Using other's people money. This is one of the many secrets, people don't know about this incredible and generous world. If you are incredulous about the markets, or You think this is not for You, then think it again.
Making money is not uncommon in the markets, it's very common, the problem lies in not giving it back. And that is only related to YOU. I want you to succeed too, I want everyone to be able to live their lives as they please. Not following orders or following schedules. This is what I call, "The Last Vestige of Capitalism", and You can be part of it. There are Things, You must never do to have a long life in this business. But, if you put the effort and the discipline, the reward is absolutely amazing and a total blessing.
Remember, You create your own reality!
Blessings.
The best part is the broker when you enter the futures markets, uses "Leverage" It means they lend you the money. You need a deposit "margin call" as a deposit. This is a great thing, because you are doing nothing more than what the banks, are doing...Using other's people money. This is one of the many secrets, people don't know about this incredible and generous world. If you are incredulous about the markets, or You think this is not for You, then think it again.
Making money is not uncommon in the markets, it's very common, the problem lies in not giving it back. And that is only related to YOU. I want you to succeed too, I want everyone to be able to live their lives as they please. Not following orders or following schedules. This is what I call, "The Last Vestige of Capitalism", and You can be part of it. There are Things, You must never do to have a long life in this business. But, if you put the effort and the discipline, the reward is absolutely amazing and a total blessing.
Remember, You create your own reality!
Blessings.
Day Trading Psychology: 3 Tips For Resolving Day Trading Stress
Has this day trading problem happened to you?
Your brand-new day trading system works fine in your head and when you don't have real money on the line. But when you go to actually trade real money, your carefully-organized system gives you nothing but loss after loss.
Is the system bad, or is it you?
Most likely, it's you. If a formerly profitable day trading system isn't working in real life you're no doubt worrying about dollars and losses instead of carefully following your system. While you're trying to follow your system, you're not actually doing so.
When that happens, you're trading blind and the fault is yours not the system's! This is a sure way for repeated losses as you're just throwing darts in a dark room.
So here are some key ideas to help you reduce stress, improve your trading psychology and ensure your day trading system works in real life the way it did on paper:
1. Minimize your trading frequency so you're not constantly making decision after decision - having to make rapid-fire decisions (some of which will always be losers no matter how good your system) wears you down very quickly.
2. Find or create system that produces high-probability signals and which gives you an excellent win:loss ratio in comparatively few trades. Avoid day trading systems that have occasional "home run" wins and lots of little losses in between - you'll get gray hair and heart attacks while waiting for the next big winner.
3. Take advantage of relatively early moves each trading day so your work gets done more quickly. Finishing early lets you take your day's profits and do something else with your time (such as play golf or fly your own private airplane... whatever you like to do!) I can't stress the importance of being able to leave the computer early some days and get some fresh air.
Your brand-new day trading system works fine in your head and when you don't have real money on the line. But when you go to actually trade real money, your carefully-organized system gives you nothing but loss after loss.
Is the system bad, or is it you?
Most likely, it's you. If a formerly profitable day trading system isn't working in real life you're no doubt worrying about dollars and losses instead of carefully following your system. While you're trying to follow your system, you're not actually doing so.
When that happens, you're trading blind and the fault is yours not the system's! This is a sure way for repeated losses as you're just throwing darts in a dark room.
So here are some key ideas to help you reduce stress, improve your trading psychology and ensure your day trading system works in real life the way it did on paper:
1. Minimize your trading frequency so you're not constantly making decision after decision - having to make rapid-fire decisions (some of which will always be losers no matter how good your system) wears you down very quickly.
2. Find or create system that produces high-probability signals and which gives you an excellent win:loss ratio in comparatively few trades. Avoid day trading systems that have occasional "home run" wins and lots of little losses in between - you'll get gray hair and heart attacks while waiting for the next big winner.
3. Take advantage of relatively early moves each trading day so your work gets done more quickly. Finishing early lets you take your day's profits and do something else with your time (such as play golf or fly your own private airplane... whatever you like to do!) I can't stress the importance of being able to leave the computer early some days and get some fresh air.
Swing Trading And Day Trading: The Key Differences Explained
Swing trading is sometimes known as 'momentum trading' because it takes advantage of price uptrends or downtrends. To get into a swing trade, you're typically entering the market during brief counter-trend pullbacks to ride the momentum of the original trend.
Swing trading is not high-speed day trading which seeks to exploit minor price fluctuations each day. Instead it seeks to capitalize on medium-term breakouts after a period of consolidation or correction is complete.
A swing trade is typically held for days or even weeks as a given stock, stock index, futures contract, etc. makes higher highs or lower lows.
Swing traders go for the "meat" of the move and then get out again. Hitting the exact high and low of the move isn't important, though. The middle range is enough, and that normally takes a few days or weeks to unfold.
So in effect, this kind of trading is a hybrid of the slower pace of buy-and-hold investing and the accelerated potential gains of day trading. When done well, swing trading will build your equity considerably more quickly than 'buy and hold' investing for the following reasons:
1) You can go long or short with equal bias (you're not blinded to see only one side of a given market), and
2) You can turn over your money more quickly to take advantage of a new trend as it materializes
An additional advantage is that it works well for part-time traders, especially those trading while at work. After all, many workplaces will place software or website restrictions on their work computers.
Even if you work from home, you might be too busy with other work to do day trading. So while day traders typically stay glued to their computers for hours at a time, swing trading doesn't require that type of dedication.
Swing trading is not high-speed day trading which seeks to exploit minor price fluctuations each day. Instead it seeks to capitalize on medium-term breakouts after a period of consolidation or correction is complete.
A swing trade is typically held for days or even weeks as a given stock, stock index, futures contract, etc. makes higher highs or lower lows.
Swing traders go for the "meat" of the move and then get out again. Hitting the exact high and low of the move isn't important, though. The middle range is enough, and that normally takes a few days or weeks to unfold.
So in effect, this kind of trading is a hybrid of the slower pace of buy-and-hold investing and the accelerated potential gains of day trading. When done well, swing trading will build your equity considerably more quickly than 'buy and hold' investing for the following reasons:
1) You can go long or short with equal bias (you're not blinded to see only one side of a given market), and
2) You can turn over your money more quickly to take advantage of a new trend as it materializes
An additional advantage is that it works well for part-time traders, especially those trading while at work. After all, many workplaces will place software or website restrictions on their work computers.
Even if you work from home, you might be too busy with other work to do day trading. So while day traders typically stay glued to their computers for hours at a time, swing trading doesn't require that type of dedication.
Swing And Day Trading Strategy: Using Swing Trading Together With Day Trading
Swing trading (also known as momentum trading) exploits price uptrends or downtrends by entering the market during brief counter-trend pullbacks to ride the trend's momentum. Swing trades can be held for only hours, but more often days and weeks until a trend is played out.
Day trading instead uses minor price fluctuations each day. So you might think that the main difference between day trading and swing trading is the timeframe, right?
After all, swing trading seems like a longer-term form of day trading. They share many of the same principles such as
* Going long or short the market as needed
* Quickly freeing up your capital for the next trade
* Picking more losers than winners to ensure a profitable strategy, and so forth
That's correct except there's one very big difference:
Some of the best day trading opportunities come from counter-trend trading whereas swing trading must always go with the trend.
Does this surprise you? I hope not, because this is how I get my day trades closed out so quickly on most days.
1) I examine the overnight trend in the market
2) Assign specific criteria for when that trend should be exhausted, and then
3) Jump in at turning points for a quick profit
Since most of these pullbacks occur before lunchtime here in Florida, I'm normally done my day trading by that time and therefore free for the rest of the day.
Of course, I look at the bigger, longer-term picture and take the opposite view (trend vs. counter-trend) for when I enter and exit profitable swing trades with the same 75% accuracy. But my swing trades are fewer and farther than my day trades and normally last for several days (sometimes as long as three or four weeks).
Together the two methods synchronize very well to produce a powerful winning trading strategy.
Day trading instead uses minor price fluctuations each day. So you might think that the main difference between day trading and swing trading is the timeframe, right?
After all, swing trading seems like a longer-term form of day trading. They share many of the same principles such as
* Going long or short the market as needed
* Quickly freeing up your capital for the next trade
* Picking more losers than winners to ensure a profitable strategy, and so forth
That's correct except there's one very big difference:
Some of the best day trading opportunities come from counter-trend trading whereas swing trading must always go with the trend.
Does this surprise you? I hope not, because this is how I get my day trades closed out so quickly on most days.
1) I examine the overnight trend in the market
2) Assign specific criteria for when that trend should be exhausted, and then
3) Jump in at turning points for a quick profit
Since most of these pullbacks occur before lunchtime here in Florida, I'm normally done my day trading by that time and therefore free for the rest of the day.
Of course, I look at the bigger, longer-term picture and take the opposite view (trend vs. counter-trend) for when I enter and exit profitable swing trades with the same 75% accuracy. But my swing trades are fewer and farther than my day trades and normally last for several days (sometimes as long as three or four weeks).
Together the two methods synchronize very well to produce a powerful winning trading strategy.
Afshin Taghechian - An In-Depth Profile
If you are mixed up in the financial markets then you certainly must know who Afshin Taghechian is. For much better familiarity though, Afshin is one of the world's most respected authorities in the field of online financial market dealing. He is the leader and founder of the company known as Trading International Corporation Ltd in 1997. His firm happens to be leading the world in the industry of giving Financial Market Education. Hence, his company offers real time class discussions through the availability interactive E-learning programs.
The man behind Traders International has largely created many effective trading methods. Certainly one of his best-developed strategies is the Traders International Market Expert System or popularly known as the TIMES method. The education of Afshin Taghechian in Global Business has led him to comprehend the very complicated world of the Financial Market. Aside from a degree in business, Afshin Taghechian has spent years of extensive training of sophisticated technical analysis, which helped him create strategic methods in working with forex trading. This allowed him to make a good standing in the arena of Financial Market. Afshin Taghechian also has a good background in Psychology, which prepared him with the expertise of being nicely able to express his understanding to his students globally. He normally begins his courses by setting up a good attitude to every aspiring investor. He can successfully communicate the value of Financial Management in on line investing by giving clear examples and illustrations of the primary steps of entering the Financial Market. He also shares free live trading sessions to newcomers so to give an actual overview of the financial market.
At present, Afshin Taghechian gives trading tutorials both online and with live discussions. His expertise has gained recognition on Financial TV Shows as well as on Financial Magazines like Forbes Investment Guide, Stocks and Commodities Magazine and much more. Also, this man has also earned many prestigious awards like being the Editor's Choice Award of Traders World magazine. To become a professional in the field of day trading, it is sometimes necessary to study from an existing professional.
The man behind Traders International has largely created many effective trading methods. Certainly one of his best-developed strategies is the Traders International Market Expert System or popularly known as the TIMES method. The education of Afshin Taghechian in Global Business has led him to comprehend the very complicated world of the Financial Market. Aside from a degree in business, Afshin Taghechian has spent years of extensive training of sophisticated technical analysis, which helped him create strategic methods in working with forex trading. This allowed him to make a good standing in the arena of Financial Market. Afshin Taghechian also has a good background in Psychology, which prepared him with the expertise of being nicely able to express his understanding to his students globally. He normally begins his courses by setting up a good attitude to every aspiring investor. He can successfully communicate the value of Financial Management in on line investing by giving clear examples and illustrations of the primary steps of entering the Financial Market. He also shares free live trading sessions to newcomers so to give an actual overview of the financial market.
At present, Afshin Taghechian gives trading tutorials both online and with live discussions. His expertise has gained recognition on Financial TV Shows as well as on Financial Magazines like Forbes Investment Guide, Stocks and Commodities Magazine and much more. Also, this man has also earned many prestigious awards like being the Editor's Choice Award of Traders World magazine. To become a professional in the field of day trading, it is sometimes necessary to study from an existing professional.
Day Trading For Beginners, Part 2: Hardware To Get Started In Day Trading
After you've got your day trading starting capital (which I covered in Part 1 of Day Trading For Beginners), here's a quick summary of the hardware you'll need to be a successful day trader...
1. A trustworthy, stable business PC
Your day trading computer should either run Windows natively or else simulate the Windows environment well enough to run the day trading software you need (virtually all the good trading software is PC-only). You don't need the latest, greatest hardware because any standard "business" PC will be fine.
2. At least two monitors, perhaps even three
I highly recommend you get a second monitor attached to your system. You'll need to keep your chart(s) open on one screen while you do all your other computing work (surfing, emailing, writing, and so forth) on the main screen. Otherwise you'll go crazy by having to constantly pop the charting window up and down while trying to get anything else done. The end result in such a situation is that you won't get anything at all done well.
So get a second monitor (or even a third monitor). To support this, buy either a video card that will support two monitors simultaneously, or else a second (or third) one-monitor card. You don't need the high-end cards intended for gamers or video editors as your day trading graphics needs are very basic.
Such a setup will make your life as a day trader much, much easier.
3. A stable and reliable broadband Internet connection
If you're relying on dial-up or anything that's slow and/or prone to connection breakages to get onto the Internet, you must upgrade to something better. No exceptions!
Cable or DSL connections are generally sufficient in most areas, although some wireless connections will be good enough also if the underlying connection is fast and stable.
As long as it's fast and has at least 99% uptime, that's what you're aiming for.
1. A trustworthy, stable business PC
Your day trading computer should either run Windows natively or else simulate the Windows environment well enough to run the day trading software you need (virtually all the good trading software is PC-only). You don't need the latest, greatest hardware because any standard "business" PC will be fine.
2. At least two monitors, perhaps even three
I highly recommend you get a second monitor attached to your system. You'll need to keep your chart(s) open on one screen while you do all your other computing work (surfing, emailing, writing, and so forth) on the main screen. Otherwise you'll go crazy by having to constantly pop the charting window up and down while trying to get anything else done. The end result in such a situation is that you won't get anything at all done well.
So get a second monitor (or even a third monitor). To support this, buy either a video card that will support two monitors simultaneously, or else a second (or third) one-monitor card. You don't need the high-end cards intended for gamers or video editors as your day trading graphics needs are very basic.
Such a setup will make your life as a day trader much, much easier.
3. A stable and reliable broadband Internet connection
If you're relying on dial-up or anything that's slow and/or prone to connection breakages to get onto the Internet, you must upgrade to something better. No exceptions!
Cable or DSL connections are generally sufficient in most areas, although some wireless connections will be good enough also if the underlying connection is fast and stable.
As long as it's fast and has at least 99% uptime, that's what you're aiming for.
Day Trading For Beginners, Part 1: Risk Capital To Get Started In Day Trading
You're probably doing quite well in life outside of day trading, so let's help you lose your day trading newbie status as quickly as possible.
Let's start with how much money you need. After all, no matter how intrigued or enthusiastic you may be about making $100k+ each year as a day trader, you need a few dollars to get off the ground. It takes money to make money, as the old saying goes.
And if you have the necessary risk capital available (risk capital means money you can afford to lose, not money you need to pay for the mortgage or your kids' education), then the rest is simple.
Remember: risk capital means money you can afford to lose. No exceptions! If it's gone, it's gone and you're still putting food on the table, living in your current dwelling, and otherwise paying all the bills. If you break this rule you're guaranteed to fail in day trading.
So how much capital is enough?
* I day trade futures contracts myself. I feel you'll need at least $5,000 in risk capital available, (preferably $25,000) to execute most futures trades with your own money. You might make $100k in your first year by starting with $5,000 but it's unlikely. Therefore I recommend $25,000 as a starting point if you're truly serious.
* And if you're into stocks, you'll need even more capital unless you're day trading penny stocks. A small account limits you to trading the higher dollar cost stocks and that's not good. Also, there isn't as much leverage in stocks as in futures, which also restricts how much you can make.
* Of course, you can get some leverage by day trading options on stocks. This will cut down your capital requirements. But $5,000 is still the minimum you should be committing. Otherwise you're just too vulnerable to getting eliminated from the day trading game before you even get started.
Let's start with how much money you need. After all, no matter how intrigued or enthusiastic you may be about making $100k+ each year as a day trader, you need a few dollars to get off the ground. It takes money to make money, as the old saying goes.
And if you have the necessary risk capital available (risk capital means money you can afford to lose, not money you need to pay for the mortgage or your kids' education), then the rest is simple.
Remember: risk capital means money you can afford to lose. No exceptions! If it's gone, it's gone and you're still putting food on the table, living in your current dwelling, and otherwise paying all the bills. If you break this rule you're guaranteed to fail in day trading.
So how much capital is enough?
* I day trade futures contracts myself. I feel you'll need at least $5,000 in risk capital available, (preferably $25,000) to execute most futures trades with your own money. You might make $100k in your first year by starting with $5,000 but it's unlikely. Therefore I recommend $25,000 as a starting point if you're truly serious.
* And if you're into stocks, you'll need even more capital unless you're day trading penny stocks. A small account limits you to trading the higher dollar cost stocks and that's not good. Also, there isn't as much leverage in stocks as in futures, which also restricts how much you can make.
* Of course, you can get some leverage by day trading options on stocks. This will cut down your capital requirements. But $5,000 is still the minimum you should be committing. Otherwise you're just too vulnerable to getting eliminated from the day trading game before you even get started.
Take Medical Coding Or Medical Billing Training Online Or On Campus? - And Know These Job Secrets!
If you're thinking about going to school online or on your local campus to get trained in medical billing and/or medical coding you'll find you have many options. There are many medical billing schools, trade schools, colleges and universities that advertise training online and offline. It may seem simple enough but it's important to look at all the ways you can get educated if your interest is in either medical billing or medical coding or both.
Medical billing and medical coding are two separate functions. You can be an expert in billing or coding or both but the training for each is quite different and usually people specialize in one or the other. Those who choose to be educated in both fields are usually known as medical insurance specialists. Most often though you would find yourself employed in facility such as a billing service or large doctors clinic or hospital and be hired to do just billing or just coding.
First of all you want to research all the schools online that offer specifically programs in either medical billing or medical coding and find out exactly what these programs cost and what classes they consist of. You need to know if you're required to take every class offered or if there is a bare minimum of classes you can take. Many schools add on classes you don't need. Many of these schools offer a graduation certificate but this is not the same certificate that the national associations offer if you decide you want to take a national exam to be certified. You may find some of these schools can be expensive. Make sure you get all the financial details.
Then the next step is to contact all your local schools, trade schools, college and universities and find out if they have any medical billing or medical coding programs set up or if they have any classes specifically meant to train you in these fields. Some schools have programs set up and you need to find out exactly what the program consists of and the cost or classes and the cost.
The most important thing is to know that you'll be able to get a job in your city or town after your medical billing training or medical coding training is complete. The education won't make a bit of difference if you can't get a job after you're done. So make sure to call the human resources department at local billing services, large clinics and hospitals and find out what the job opportunities are for medical billers and medical coders. But do all your online research first so you know whether or not you can afford to go to school or not. There is plenty of federal money available for online classes as well as for on your local on-campus training.
Medical billing and medical coding are two separate functions. You can be an expert in billing or coding or both but the training for each is quite different and usually people specialize in one or the other. Those who choose to be educated in both fields are usually known as medical insurance specialists. Most often though you would find yourself employed in facility such as a billing service or large doctors clinic or hospital and be hired to do just billing or just coding.
First of all you want to research all the schools online that offer specifically programs in either medical billing or medical coding and find out exactly what these programs cost and what classes they consist of. You need to know if you're required to take every class offered or if there is a bare minimum of classes you can take. Many schools add on classes you don't need. Many of these schools offer a graduation certificate but this is not the same certificate that the national associations offer if you decide you want to take a national exam to be certified. You may find some of these schools can be expensive. Make sure you get all the financial details.
Then the next step is to contact all your local schools, trade schools, college and universities and find out if they have any medical billing or medical coding programs set up or if they have any classes specifically meant to train you in these fields. Some schools have programs set up and you need to find out exactly what the program consists of and the cost or classes and the cost.
The most important thing is to know that you'll be able to get a job in your city or town after your medical billing training or medical coding training is complete. The education won't make a bit of difference if you can't get a job after you're done. So make sure to call the human resources department at local billing services, large clinics and hospitals and find out what the job opportunities are for medical billers and medical coders. But do all your online research first so you know whether or not you can afford to go to school or not. There is plenty of federal money available for online classes as well as for on your local on-campus training.
What Does Medicare Part C Cover?
Each of the four parts of the Medicare public health insurance plan covers specific health-related expenses. Part C is the third of the four parts and combines parts of the coverage offered in Part A and Part B. Part C, also commonly called Medicare Advantage, is a combination of public insurance and private insurance. This form of insurance is provided by private insurance companies and includes both Part A coverage and Part B coverage as provided by Social Security, along with coverage that is not offered by Medicare. This hybrid of public and private insurance helps citizens who qualify for Medicare receive all of the coverage that they need in a simplified plan.
Medicare Advantage unifies a person's complete health insurance through one provider to avoid confusion and to work to fit a person's specific budget and health needs. Part C allows for qualified Medicare recipients to receive Medicare coverage along with extended coverage for other items like dental insurance and vision insurance without having to deal with two separate insurance entities. By allowing private insurance companies to become involved in public services, consumers may be able to simplify their payments and receive a plan that fits their specific needs.
These types of hybrid plans cover hospital bills through Part A, necessary medical expenses through Part B and any other additional coverage that a consumer deems necessary for their financial support and medical stability. Though there may be additional costs associated with a Part C plan, as opposed to a Part B plan, a customer also receives the benefit of more comprehensive coverage and a unified insurance plan.
Whether you feel that wellness, health, or preventative expenses including vision and dental care are important to your health, Part C coverage may be right for you. For more information, please visit the website of the California Medicare insurance agents at Catherine Michaels Insurance Services.
Medicare Advantage unifies a person's complete health insurance through one provider to avoid confusion and to work to fit a person's specific budget and health needs. Part C allows for qualified Medicare recipients to receive Medicare coverage along with extended coverage for other items like dental insurance and vision insurance without having to deal with two separate insurance entities. By allowing private insurance companies to become involved in public services, consumers may be able to simplify their payments and receive a plan that fits their specific needs.
These types of hybrid plans cover hospital bills through Part A, necessary medical expenses through Part B and any other additional coverage that a consumer deems necessary for their financial support and medical stability. Though there may be additional costs associated with a Part C plan, as opposed to a Part B plan, a customer also receives the benefit of more comprehensive coverage and a unified insurance plan.
Whether you feel that wellness, health, or preventative expenses including vision and dental care are important to your health, Part C coverage may be right for you. For more information, please visit the website of the California Medicare insurance agents at Catherine Michaels Insurance Services.
7 Medical Billing Collections Tips to Improve Your Practice Bottom Line
For a medical practice or billing service is to be financially successful, it is important to implement good medical billing collection procedures. The following tips will significantly reduce your accounts receivable, thus saving time and making the overall job easier. My motto is work smarter, not harder.
This article covers what I call proactive collection tips. These are procedures implemented by the office staff combined with automated processes that can help reduce your collection volume. Be sure to watch for my next article that discusses other insurance and patient collections tips.
Most of the following tips are simple office procedures that seem pretty obvious, but you would be surprised how often they are not utilized in both large and small practices. An invaluable asset to any practice is an office manager or medical biller that can successfully implement these procedures. This requires intensive staff training, encouragement, and repetition because collecting money is not easy.
Notify new patients of the practice's payment policy so that they know what to expect before the first appointment.
The ideal scenario for any practice is to identify the patient's benefits prior to the first visit and collect any co-payments or deductibles due at the time of the visit. Medical offices are busy places so this procedure cannot always be followed consistently but it should be strived for where possible. (read on for checking eligibility).
Due to the complexities of insurance plans, patients may not be aware of their deductibles and co-payments and they tend to place the responsibility to identify the benefits onto the practice. The practice may make the best effort to identify what the benefits are, but patients need to understand that they are ultimately responsible for any balance the insurance company doesn't pay. This must be made clear to the patient both verbally and in writing.
Obtain complete demographic and insurance information from your patient.
Your receptionist should verify that new patient demographic forms are complete. Generally, patients are rushed and will often omit critical information. Checking forms for completeness eliminates having to call the patient later. A copy of the insurance card is a must and a copy of the patient license is also a good idea.
Make it a policy to obtain your patient's social security number.
I have made this a separate tip just because it is so important. Patients are reluctant to give out their social security numbers for obvious security reasons. However, you need to educate the patient that many insurance companies still use the social security number as a means of identification. What if the insurance card is outdated? Explain to the patient that a social security number can expedite the processing of the claim.
Another important reason to obtain this vital information: collection agencies will tell you it is much easier to go after an unpaid patient balance when you have the social security number.
At every encounter with an established patient, ask these two questions:
* Are you still living at....?
* May I see your insurance card?
This is an important medical billing collection rule and it is not practiced often enough. These days, patients change insurance carriers and plans frequently and not always at the beginning of the calendar year. Implementing this procedure avoids insurance rebilling and denials for lack of timely filing. Also, asking a patient specifically if he is living at the stated address avoids returned patient statements and delays in collecting balances due.
Check your patients' benefits and eligibility.
When medical office staff tell me they don't have time to check eligibility and benefits, my response is, the time you don't take on the front end will be doubled on the back end in the collections process. Who would you rather pay; the lower paid receptionist or the higher paid medical biller?
Some medical billing software offers integrated insurance eligibility verification. While this technology is far from a perfect solution, it can save you time. You can also take advantage of insurance company websites that are available to check benefits and eligibility when you can. For some practices, a phone call is necessary because the benefit information is vague or unavailable.
Naturally, this is easier said than done especially in a busy practice. However, I would do it selectively if the insurance carrier is unfamiliar and the services to be provided are costly.
Collect co-payments and deductibles at the time of service.
If you have to mail a statement to collect a $5.00 copay, you've lost money. Posting a sign saying co-pays are due at the time of service is a good idea, but, your best asset is a receptionist that is cheerful but no nonsense about collecting money. Some patients can be pretty slippery characters.
I've seen some practices that charge a $5-$10 statement fee, in addition to the co-payment, if a statement has to be sent. This may not be allowed with some HMO plans. Check with your local AMA office about any limitations in your state before implementing this practice.
Have patients sign an agreement that permit you to leave voice messages at the phone number on record regarding account billing matters.
If you don't have this agreement in writing, your staff is not free to leave specific collection information on a voice mail without exposure to liability. If the patient account is overdue, you stand a better chance of collecting your fees if you are able to leave a message stating immediate payment is required or the account may be turned over to a collection agency.
Implementing as many of these procedures as possible will go a long way to reducing your collections volume. The goal is to save time and money which will improve your practice bottom line.
This article covers what I call proactive collection tips. These are procedures implemented by the office staff combined with automated processes that can help reduce your collection volume. Be sure to watch for my next article that discusses other insurance and patient collections tips.
Most of the following tips are simple office procedures that seem pretty obvious, but you would be surprised how often they are not utilized in both large and small practices. An invaluable asset to any practice is an office manager or medical biller that can successfully implement these procedures. This requires intensive staff training, encouragement, and repetition because collecting money is not easy.
Notify new patients of the practice's payment policy so that they know what to expect before the first appointment.
The ideal scenario for any practice is to identify the patient's benefits prior to the first visit and collect any co-payments or deductibles due at the time of the visit. Medical offices are busy places so this procedure cannot always be followed consistently but it should be strived for where possible. (read on for checking eligibility).
Due to the complexities of insurance plans, patients may not be aware of their deductibles and co-payments and they tend to place the responsibility to identify the benefits onto the practice. The practice may make the best effort to identify what the benefits are, but patients need to understand that they are ultimately responsible for any balance the insurance company doesn't pay. This must be made clear to the patient both verbally and in writing.
Obtain complete demographic and insurance information from your patient.
Your receptionist should verify that new patient demographic forms are complete. Generally, patients are rushed and will often omit critical information. Checking forms for completeness eliminates having to call the patient later. A copy of the insurance card is a must and a copy of the patient license is also a good idea.
Make it a policy to obtain your patient's social security number.
I have made this a separate tip just because it is so important. Patients are reluctant to give out their social security numbers for obvious security reasons. However, you need to educate the patient that many insurance companies still use the social security number as a means of identification. What if the insurance card is outdated? Explain to the patient that a social security number can expedite the processing of the claim.
Another important reason to obtain this vital information: collection agencies will tell you it is much easier to go after an unpaid patient balance when you have the social security number.
At every encounter with an established patient, ask these two questions:
* Are you still living at....?
* May I see your insurance card?
This is an important medical billing collection rule and it is not practiced often enough. These days, patients change insurance carriers and plans frequently and not always at the beginning of the calendar year. Implementing this procedure avoids insurance rebilling and denials for lack of timely filing. Also, asking a patient specifically if he is living at the stated address avoids returned patient statements and delays in collecting balances due.
Check your patients' benefits and eligibility.
When medical office staff tell me they don't have time to check eligibility and benefits, my response is, the time you don't take on the front end will be doubled on the back end in the collections process. Who would you rather pay; the lower paid receptionist or the higher paid medical biller?
Some medical billing software offers integrated insurance eligibility verification. While this technology is far from a perfect solution, it can save you time. You can also take advantage of insurance company websites that are available to check benefits and eligibility when you can. For some practices, a phone call is necessary because the benefit information is vague or unavailable.
Naturally, this is easier said than done especially in a busy practice. However, I would do it selectively if the insurance carrier is unfamiliar and the services to be provided are costly.
Collect co-payments and deductibles at the time of service.
If you have to mail a statement to collect a $5.00 copay, you've lost money. Posting a sign saying co-pays are due at the time of service is a good idea, but, your best asset is a receptionist that is cheerful but no nonsense about collecting money. Some patients can be pretty slippery characters.
I've seen some practices that charge a $5-$10 statement fee, in addition to the co-payment, if a statement has to be sent. This may not be allowed with some HMO plans. Check with your local AMA office about any limitations in your state before implementing this practice.
Have patients sign an agreement that permit you to leave voice messages at the phone number on record regarding account billing matters.
If you don't have this agreement in writing, your staff is not free to leave specific collection information on a voice mail without exposure to liability. If the patient account is overdue, you stand a better chance of collecting your fees if you are able to leave a message stating immediate payment is required or the account may be turned over to a collection agency.
Implementing as many of these procedures as possible will go a long way to reducing your collections volume. The goal is to save time and money which will improve your practice bottom line.
Jobs, Congress and Obamacare
Why I'm Not Hiring
Employing Sally costs plenty too. My company has to write checks for $74,000 so Sally can receive her nominal $59,000 in base pay. Health insurance is a big, added cost: While Sally pays nearly $2,400 for coverage, my company pays the rest-$9,561 for employee/spouse medical and dental. We also provide company-paid life and other insurance premiums amounting to $153. Altogether, company-paid benefits add $9,714 to the cost of employing Sally... A life in business is filled with uncertainties, but I can be quite sure that every time I hire someone my obligations to the government go up. From where I sit, the government's message is unmistakable: Creating a new job carries a punishing price.
Michael Fleischer, WSJ 8/9/2010
Doctors tend toward the self-important. Saving lives and being told you are wonderful by patients inflates the ego. Nevertheless, I feel the importance of healthcare policy may well be under appreciated.
Health care costs are the fastest rising expense for of both business and the country as a whole. Added to these increases is the unpredictability engendered by Obamacare. These rapidly rising, incalculable costs underlie much of the malaise infecting the American economy, contribute to unemployment, and weaken our competitiveness in the world
The healthcare bill was written, promoted and passed by people that have never hired a worker or started a business. The funding mechanisms for Obamacare is not based upon economics or fairness, but strictly upon politics. Universal tax hikes were unacceptable to the voters, and the unions and large companies had enough political clout to avert the burden falling on them. This left small business and the uninsured, two politically weak groups, to shoulder the costs through required coverage, the individual mandate, and fines. Congress and the President treated small business like an ATM, financing a social experiment on the backs of small companies.
Pelsoi and Reid threaded the needle, satisfying their union and large business patrons, while fulfilling their campaign promises to widen coverage. However, in this cynical political calculus, they forgot one important point. Most jobs in this country are created by small businesses. The combination of incomprehensible rules, indeterminate costs, and an administration favoring ideology over jobs, has resulted in a hiring strike by small business owners. Faced with unprecedented uncertainty and hostility, the companies are doing everything possible to replace jobs with technology and temporary workers. Lack of new jobs is the Achilles heel of the economy, and will result in below trendline growth far into the future.
The administration has expressed surprise at the poor rate of job formation in this recovery, with resultant drags on housing, aggregate demand and GDP, despite unprecedented fiscal and monetary stimulus. The reason for the failure of such policies is clear to those of us running small businesses. Obamacare, and the anti-job ideology it engenders, are like an anchor dragging down the economy now, and for years to come.
I again refer to my analogy of the health care system as a house of cards several miles high. Pelosi, Reid and Obama tried to slip a few cards out of the bottom without bringing down the edifice, they didn't succeed.
As an aside, one of the main proponents of Obamacare, Max Baucus, admitted to not reading the bill.
I am actually relieved, as I can't believe anyone who read it would actually vote for it.
http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704017904575409733776372738.html
Employing Sally costs plenty too. My company has to write checks for $74,000 so Sally can receive her nominal $59,000 in base pay. Health insurance is a big, added cost: While Sally pays nearly $2,400 for coverage, my company pays the rest-$9,561 for employee/spouse medical and dental. We also provide company-paid life and other insurance premiums amounting to $153. Altogether, company-paid benefits add $9,714 to the cost of employing Sally... A life in business is filled with uncertainties, but I can be quite sure that every time I hire someone my obligations to the government go up. From where I sit, the government's message is unmistakable: Creating a new job carries a punishing price.
Michael Fleischer, WSJ 8/9/2010
Doctors tend toward the self-important. Saving lives and being told you are wonderful by patients inflates the ego. Nevertheless, I feel the importance of healthcare policy may well be under appreciated.
Health care costs are the fastest rising expense for of both business and the country as a whole. Added to these increases is the unpredictability engendered by Obamacare. These rapidly rising, incalculable costs underlie much of the malaise infecting the American economy, contribute to unemployment, and weaken our competitiveness in the world
The healthcare bill was written, promoted and passed by people that have never hired a worker or started a business. The funding mechanisms for Obamacare is not based upon economics or fairness, but strictly upon politics. Universal tax hikes were unacceptable to the voters, and the unions and large companies had enough political clout to avert the burden falling on them. This left small business and the uninsured, two politically weak groups, to shoulder the costs through required coverage, the individual mandate, and fines. Congress and the President treated small business like an ATM, financing a social experiment on the backs of small companies.
Pelsoi and Reid threaded the needle, satisfying their union and large business patrons, while fulfilling their campaign promises to widen coverage. However, in this cynical political calculus, they forgot one important point. Most jobs in this country are created by small businesses. The combination of incomprehensible rules, indeterminate costs, and an administration favoring ideology over jobs, has resulted in a hiring strike by small business owners. Faced with unprecedented uncertainty and hostility, the companies are doing everything possible to replace jobs with technology and temporary workers. Lack of new jobs is the Achilles heel of the economy, and will result in below trendline growth far into the future.
The administration has expressed surprise at the poor rate of job formation in this recovery, with resultant drags on housing, aggregate demand and GDP, despite unprecedented fiscal and monetary stimulus. The reason for the failure of such policies is clear to those of us running small businesses. Obamacare, and the anti-job ideology it engenders, are like an anchor dragging down the economy now, and for years to come.
I again refer to my analogy of the health care system as a house of cards several miles high. Pelosi, Reid and Obama tried to slip a few cards out of the bottom without bringing down the edifice, they didn't succeed.
As an aside, one of the main proponents of Obamacare, Max Baucus, admitted to not reading the bill.
I am actually relieved, as I can't believe anyone who read it would actually vote for it.
http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704017904575409733776372738.html
Medical Billing And Coding - What Are The Job Prospects And Salary Range?
I know the job prospects and salaries for medical billing and coding professionals and medical insurance specialists are going to be good for many years to come. This is due to the demand for healthcare and the continuing need for specialists and professionals in these fields to ultimately help guarantee that reimbursements will be made in a timely manner.
Training in this field will never be wasted if you love the work and have many opportunities in your local area. If you have billing services, hospitals, insurance companies, large doctor's clinics and health facilities you'll likely have plenty of job opportunities. Of course you don't want to take this for granted and not only scour the paper for ads that appear to be in this field but make several phone calls to human resources departments in these facilities to find out what kinds of openings they have for medical billers, medical coders and medical insurance specialists.
Medical insurance specialists differ from billers and coders in that they are usually trained in both medical billing and coding. The job descriptions for billers and coders are quite different. You may enjoy billing work working with claims and patients or coding work - that is medical coding procedures or both.
When you're calling around on the phone you can also try to get an idea what the starting salaries will be for someone with education but no experience and with experience. Salaries vary quite a bit from around the U.S. and it depends a lot on the competition for the jobs available. Salaries can vary as much as from $30,000 to $45,000 depending on training, experience and how much experience one has in this field.
I see classified ads occasionally that are for medical billers but the ad does to always use this designation. It will say medical insurance specialist or billing assistant or something related so keep this in mind.
You can get training in medical billing or coding or both online or on your local college campus. Online training can be cheaper sometimes but you need to read any contracts carefully and check out the schools thoroughly.
Your local college reps can tell you whether they have a program in medical billing and/or medical coding. A number of subjects will need to be covered such as medical terminology. With some of the online schools you want to make sure that you actually need all the classes they recommend as it may cost more money. Federal financial aid is available for medical coding or billing online classes as well as for classes at your local schools, trade schools, colleges and universities and some of these institutions also have online classes you can combine with attending locally or taking the classes strictly online. Make sure to do your in initial research online for comparison's sake.
Training in this field will never be wasted if you love the work and have many opportunities in your local area. If you have billing services, hospitals, insurance companies, large doctor's clinics and health facilities you'll likely have plenty of job opportunities. Of course you don't want to take this for granted and not only scour the paper for ads that appear to be in this field but make several phone calls to human resources departments in these facilities to find out what kinds of openings they have for medical billers, medical coders and medical insurance specialists.
Medical insurance specialists differ from billers and coders in that they are usually trained in both medical billing and coding. The job descriptions for billers and coders are quite different. You may enjoy billing work working with claims and patients or coding work - that is medical coding procedures or both.
When you're calling around on the phone you can also try to get an idea what the starting salaries will be for someone with education but no experience and with experience. Salaries vary quite a bit from around the U.S. and it depends a lot on the competition for the jobs available. Salaries can vary as much as from $30,000 to $45,000 depending on training, experience and how much experience one has in this field.
I see classified ads occasionally that are for medical billers but the ad does to always use this designation. It will say medical insurance specialist or billing assistant or something related so keep this in mind.
You can get training in medical billing or coding or both online or on your local college campus. Online training can be cheaper sometimes but you need to read any contracts carefully and check out the schools thoroughly.
Your local college reps can tell you whether they have a program in medical billing and/or medical coding. A number of subjects will need to be covered such as medical terminology. With some of the online schools you want to make sure that you actually need all the classes they recommend as it may cost more money. Federal financial aid is available for medical coding or billing online classes as well as for classes at your local schools, trade schools, colleges and universities and some of these institutions also have online classes you can combine with attending locally or taking the classes strictly online. Make sure to do your in initial research online for comparison's sake.
How to Become a Medical Billing and Coding Specialist
After you learn how to become a medical billing and coding specialist you can decide whether this job is right for you. As a medical biller and coder your job duties will include calculating, preparing and sending bills to patients on behalf of a hospital, doctor's office or medical practice. There are more than half a million medical coders and billers and the United States, and the Bureau of Labor Statistics foresees a steady growth in this industry in the years to come. If this sounds like something you'd like to do, then read on.
Many people choose to become a medical billing and coding specialist because the job does not require as much schooling as other medical careers. You can finish a medical billing and coding program at a fast-paced vocational school in less than a year. The average pay ranges from $20,000 for entry-level jobs in areas with a low cost of living to $40,000 for more skilled jobs in bigger cities. And, many schools provide career services to help graduates find employment.
Once you have completed the training to become a medical billing and coding specialist you will need a résumé. Whether your school provides career services or not, you will need to be able to put together a good résumé if you want to have a career in this or any other field. There are plenty of online resources that will show you how to prepare a medical billing and coding specialist résumé. You can choose to pursue a more traditional career in an office within a hospital or doctor's office, or you can work from home either telecommuting with one employer or finding freelance job assignments through a reputable bidding site.
In order to be successful as a medical billing and coding specialist you will need to be well organized and hard-working. You will need to be able to perform your job accurately even after you have been crunching numbers and entering data for hours on end. The work is steady, though, so if you are up for the challenge you will always have a place in the healthcare industry.
Many people choose to become a medical billing and coding specialist because the job does not require as much schooling as other medical careers. You can finish a medical billing and coding program at a fast-paced vocational school in less than a year. The average pay ranges from $20,000 for entry-level jobs in areas with a low cost of living to $40,000 for more skilled jobs in bigger cities. And, many schools provide career services to help graduates find employment.
Once you have completed the training to become a medical billing and coding specialist you will need a résumé. Whether your school provides career services or not, you will need to be able to put together a good résumé if you want to have a career in this or any other field. There are plenty of online resources that will show you how to prepare a medical billing and coding specialist résumé. You can choose to pursue a more traditional career in an office within a hospital or doctor's office, or you can work from home either telecommuting with one employer or finding freelance job assignments through a reputable bidding site.
In order to be successful as a medical billing and coding specialist you will need to be well organized and hard-working. You will need to be able to perform your job accurately even after you have been crunching numbers and entering data for hours on end. The work is steady, though, so if you are up for the challenge you will always have a place in the healthcare industry.
Medicare Part D Benefits
The fourth part of the Medicare insurance plan may be the most crucial to many senior citizens and persons on disability coverage. Medicare Part D covers prescription drugs and can significantly reduce a person's out-of- pocket expense for their regular medications. Prescription medications can be a important part of a healthy and complete lifestyle, but they can also put quite a strain on a person's budget. Part D helps to relieve some of that pressure by providing some financial support for medications that a person must purchase regularly.
The average American over the age of 65 will spend nearly $2000 per year on prescription medication, according to CDC reports. The amount of that total which must be covered by a person with Medicare Part D is reduced to less than half in many cases. Part D helps to cover those prescribed medicines that are crucial to your health.
Any person who qualifies for Medicare or has Medicare coverage can receive Part D benefits. There are several different options for receiving and paying for this coverage. Many packages, including Medicare Advantage coverage, include Part D to help you pay for your medications. If you have receive Medicare Part A coverage, Medicare Part B coverage, or both, you can also receive Part D. The fees associated with this coverage depend on the other coverage that you receive. No matter you insurance situation, it is likely that drug coverage can significantly reduce your monthly costs and allow you to enjoy the benefits of quality medications.
The average American over the age of 65 will spend nearly $2000 per year on prescription medication, according to CDC reports. The amount of that total which must be covered by a person with Medicare Part D is reduced to less than half in many cases. Part D helps to cover those prescribed medicines that are crucial to your health.
Any person who qualifies for Medicare or has Medicare coverage can receive Part D benefits. There are several different options for receiving and paying for this coverage. Many packages, including Medicare Advantage coverage, include Part D to help you pay for your medications. If you have receive Medicare Part A coverage, Medicare Part B coverage, or both, you can also receive Part D. The fees associated with this coverage depend on the other coverage that you receive. No matter you insurance situation, it is likely that drug coverage can significantly reduce your monthly costs and allow you to enjoy the benefits of quality medications.
Insurance Coverage for Mental Health Issues
In 1996, the Mental Health Parity Act was passed in order to protect the proper insurance coverage for Americans with mental concerns. For many citizens who receive Social Security and associated medical coverage through their work, receiving equal coverage for their mental concerns was problematic. The public perception of mental health issues is not equal to the perceptions of other bodily diseases. This varied opinion has been expressed through insurance coverage that provides limited coverage for mental issues. The Mental Health Parity Act works to redress that situation.
Many Americans suffer from mental issues that require medical attention, doctors visits, and prescription medication just like any other health concern. It is crucial that, if you receive medical benefits through your company, that your complete health concerns are covered as well. The Mental Health Parity Act worked to ensure that an equal annual or lifetime limit of expense is extended to cover mental concerns as well as medical health issues. This also includes other retained rights that may be associated with a general medical expense.
Though there are a few exemptions included in this Act, its purpose is to ensure that insurance providers and companies that may control that insurance do not reduce the benefits to their employees or former employees based on the nature of their illness. Mental concerns can be as detrimental to the life and happiness of a patient as medical concerns. One important restriction included in this act is an exemption for mental health-related concerns regarding substance abuse or chemical dependency.
Many Americans suffer from mental issues that require medical attention, doctors visits, and prescription medication just like any other health concern. It is crucial that, if you receive medical benefits through your company, that your complete health concerns are covered as well. The Mental Health Parity Act worked to ensure that an equal annual or lifetime limit of expense is extended to cover mental concerns as well as medical health issues. This also includes other retained rights that may be associated with a general medical expense.
Though there are a few exemptions included in this Act, its purpose is to ensure that insurance providers and companies that may control that insurance do not reduce the benefits to their employees or former employees based on the nature of their illness. Mental concerns can be as detrimental to the life and happiness of a patient as medical concerns. One important restriction included in this act is an exemption for mental health-related concerns regarding substance abuse or chemical dependency.
Medical Billing Service - Top Seven Questions to Ask Before You Hire
The growing medical billing industry is proof of its acceptance and popularity in the healthcare industry. More and more medical practices are moving towards third party medical billing services as they realize the financial and managerial benefits of offloading these operations. However, the spurt in demand has led to the mushrooming of both good and below average medical billing services which is why you need to be very careful in your selection of a billing partner. To help you, we are putting forward a list of the contributing factors that will help you take an informed decision.
1. What type of experience do you have in various specialties?
Healthcare practices offer services pertaining to various specialties. Each of these involves specific coding and nuances that are known to billers experienced in that field. Find out if the medical billing practice:
* has experience in your specialty
* understands relevant coding subtleties
* understands the follow up needed for certain payers and insurance companies
* knows what to do if claims are denied
2. What is the location of your workforce?
Outsourcing medical billing is a major cost saver but quality of services is paramount. This is where the location of the medical biller's workforce becomes important. Many services have offshore teams that are not well-versed with US medical billing practices or they have home-based teams that may not be fully trained for the job. It is best to go for a service provider with an established office where you can have a face to face meeting with the management and possibly meet the in-house team.
3. Are you HIPAA compliant?
Medical billing services must be HIPAA compliant to ensure the safety of patient information. However, various companies claim HIPAA compliance with no real idea about it. You can get to the truth by asking some searching questions on the subject such as:
* How does HIPAA figure in your processes and procedures?
* How will HIPAA impact delivery of services?
* What steps have you taken to ensure HIPAA compliance at all stages?
4. Have you taken any other security measures?
Patient data security is a sensitive and critical issue in the healthcare industry. You want to work with a provider that understands this and takes necessary steps to ensure it. Ask the billing provider if they have implemented any other measures besides HIPAA to protect information.
5. Can you discuss your billing process and how you will tailor it to meet our needs?
The medical billing service should tailor their services to your practice's requirements. They should be able to convince you of the process underlying this promise. Find out how exactly the service will meet your exceptional needs. Delineate the responsibilities of both parties to create accountability and avoid confusion. If the provider is reluctant to make clear statements, it could be because it has something to hide.
6. How much do we have to pay for your services?
Various billing services charge differently for their services. Billing structures and rates vary. Before accepting any contract, take the time to understand each charge, term, and conditions. Understand how the fees are calculated. Quality services will have all the fees included in the contract thereby protecting you from unpleasant shocks later.
7. What is your reporting frequency and how do you keep us informed?
Typically, all medical billing services will provide monthly reports to the practice. However, based on your specific needs, they should be able to send you special reports at a frequency acceptable to you. This exchange is vital as it helps address issues to improve services for better output.
The above mentioned factors play an important role in your relationship with a medical billing partner. You should clarify these issues at the onset to save yourself the trouble of repeating your search for a billing service for at least some years. Being informed is the best way to go about this selection.
1. What type of experience do you have in various specialties?
Healthcare practices offer services pertaining to various specialties. Each of these involves specific coding and nuances that are known to billers experienced in that field. Find out if the medical billing practice:
* has experience in your specialty
* understands relevant coding subtleties
* understands the follow up needed for certain payers and insurance companies
* knows what to do if claims are denied
2. What is the location of your workforce?
Outsourcing medical billing is a major cost saver but quality of services is paramount. This is where the location of the medical biller's workforce becomes important. Many services have offshore teams that are not well-versed with US medical billing practices or they have home-based teams that may not be fully trained for the job. It is best to go for a service provider with an established office where you can have a face to face meeting with the management and possibly meet the in-house team.
3. Are you HIPAA compliant?
Medical billing services must be HIPAA compliant to ensure the safety of patient information. However, various companies claim HIPAA compliance with no real idea about it. You can get to the truth by asking some searching questions on the subject such as:
* How does HIPAA figure in your processes and procedures?
* How will HIPAA impact delivery of services?
* What steps have you taken to ensure HIPAA compliance at all stages?
4. Have you taken any other security measures?
Patient data security is a sensitive and critical issue in the healthcare industry. You want to work with a provider that understands this and takes necessary steps to ensure it. Ask the billing provider if they have implemented any other measures besides HIPAA to protect information.
5. Can you discuss your billing process and how you will tailor it to meet our needs?
The medical billing service should tailor their services to your practice's requirements. They should be able to convince you of the process underlying this promise. Find out how exactly the service will meet your exceptional needs. Delineate the responsibilities of both parties to create accountability and avoid confusion. If the provider is reluctant to make clear statements, it could be because it has something to hide.
6. How much do we have to pay for your services?
Various billing services charge differently for their services. Billing structures and rates vary. Before accepting any contract, take the time to understand each charge, term, and conditions. Understand how the fees are calculated. Quality services will have all the fees included in the contract thereby protecting you from unpleasant shocks later.
7. What is your reporting frequency and how do you keep us informed?
Typically, all medical billing services will provide monthly reports to the practice. However, based on your specific needs, they should be able to send you special reports at a frequency acceptable to you. This exchange is vital as it helps address issues to improve services for better output.
The above mentioned factors play an important role in your relationship with a medical billing partner. You should clarify these issues at the onset to save yourself the trouble of repeating your search for a billing service for at least some years. Being informed is the best way to go about this selection.
Controlling Chaos in the Medical Billing Office
Whether you are a medical billing service, an employee in a doctor's office, a provider or doctor, or some other worker in the medical billing field, it is so much better if you are proactive instead of reactive. We find that most offices operate in a reactive mode, including ours at one time. If you or your office is reactive, most of the day is spent putting out fires and dealing with what comes up. The day cannot be planned out and regular work usually falls behind. Something or things that needed to get done - didn't. Basically your business or office is operating out of your control.
Not only are you operating out of control but your clients (if you are a billing service) are not as happy or satisfied as they should be. And if they are not happy there is a risk that they will stop using your service. If you are in a providers office your accounts receivable is probably not in control because the jobs required to keep them in control cannot be done because you are too busy putting out fires. You barely have time to get the billing done, let alone run and work aging reports (work being the operative word), file appeals, handle denials, and all the other things needed to keep the accounts receivable under control.
It is so much better to be handling the issues or jobs that if not handled will cause fires before they even get a chance to start to smolder. So how do you make the switch from fire fighter to fire prevention? It's actually not as difficult of a switch as one might think. You must be determined that you are going to change things and then get the systems in place to prevent the fires. Instead of being reactive you need to learn to be proactive. Once you have switched your mindset, you need to get your actions to line up with your new mindset.
This is done by identifying what is causing the fires in your office. Is it providers calling because their receivables are down or because they are wondering why a certain claim or claims were not paid? This is a preventable fire. Think about it. If you were not so busy putting out fires the electronic reports and the follow up reports would be being worked regularly keeping the accounts receivable in check. Any unpaid claims would be resubmitted, appealed or acted upon in some appropriate way. This will eliminate many of the provider calls for these reasons. Some will still call, but you will have answers for them on the first call not even allowing a spark, let alone a fire. Everyone remains calm and the provider is reassured that you are in control and on top of their account. This method is so much better than "FIRE!"
Sometimes it is actually a person in your office that is causing the fires. An employee that just enjoys drama or cannot operate unless there is total chaos. It seems unreal, but it is actually quite common. Personally I hate drama and chaos and cannot understand how anyone would want to create them. Unfortunately I have seen it first hand so I know these people exist. If you have someone in your office like this most likely they will have to go in order for you to turn things around. It is very unlikely that you can get them to change.
What else is causing fires in your office? If you take a step back and determine how the fires are starting there is almost always a way that they could have been prevented. Take immediate action and you will see big changes very quickly. It will be well worth the effort it will take you to make the changes.
Not only are you operating out of control but your clients (if you are a billing service) are not as happy or satisfied as they should be. And if they are not happy there is a risk that they will stop using your service. If you are in a providers office your accounts receivable is probably not in control because the jobs required to keep them in control cannot be done because you are too busy putting out fires. You barely have time to get the billing done, let alone run and work aging reports (work being the operative word), file appeals, handle denials, and all the other things needed to keep the accounts receivable under control.
It is so much better to be handling the issues or jobs that if not handled will cause fires before they even get a chance to start to smolder. So how do you make the switch from fire fighter to fire prevention? It's actually not as difficult of a switch as one might think. You must be determined that you are going to change things and then get the systems in place to prevent the fires. Instead of being reactive you need to learn to be proactive. Once you have switched your mindset, you need to get your actions to line up with your new mindset.
This is done by identifying what is causing the fires in your office. Is it providers calling because their receivables are down or because they are wondering why a certain claim or claims were not paid? This is a preventable fire. Think about it. If you were not so busy putting out fires the electronic reports and the follow up reports would be being worked regularly keeping the accounts receivable in check. Any unpaid claims would be resubmitted, appealed or acted upon in some appropriate way. This will eliminate many of the provider calls for these reasons. Some will still call, but you will have answers for them on the first call not even allowing a spark, let alone a fire. Everyone remains calm and the provider is reassured that you are in control and on top of their account. This method is so much better than "FIRE!"
Sometimes it is actually a person in your office that is causing the fires. An employee that just enjoys drama or cannot operate unless there is total chaos. It seems unreal, but it is actually quite common. Personally I hate drama and chaos and cannot understand how anyone would want to create them. Unfortunately I have seen it first hand so I know these people exist. If you have someone in your office like this most likely they will have to go in order for you to turn things around. It is very unlikely that you can get them to change.
What else is causing fires in your office? If you take a step back and determine how the fires are starting there is almost always a way that they could have been prevented. Take immediate action and you will see big changes very quickly. It will be well worth the effort it will take you to make the changes.
Medicare Audits On Chiropractors
National Government Services implemented a pre-edit audit that affects all chiropractors in New York and Connecticut effective 10/14/2010. This pre-audit causes notes to be requested for all claims submitted with CPT codes 98940 and 98941. We do not bill for all the chiropractors in New York and Ct, but the ones we do bill are outraged.
Many of our chiropractors have a large Medicare patient load so this really affects their income. National Government Services states the reason for the pre-edit audit is due to previous audits done in both states indicating the codes were being billed improperly 11% of the time. Bottom line is that the 98940 is for 1 - 2 body regions, the 98941 covers the manipulation of 3 - 4 body regions and 98942 is for the manipulation of 5 or more body regions.
Medicare only pays for treatment of acute conditions therefore the notes and the diagnosis must reflect the number of regions you are billing for and it has to be an acute condition.
We completely understand that many chiropractors treat the whole spine and that most patients benefit from this treatment. Without the treatment many would become acute very quickly. However that type of treatment does not meet Medicare guidelines. Medicare will not pay for the treatment of a condition that will not improve or be corrected by the treatment. They also do not cover what they deem to be considered maintenance.
We had a humorous conversation with one of the customer service reps. We called for details on the pre-edit audits and we asked if this was on all claims for all chiropractors in New York and Ct. and were told "No not all claims - just the 98940s and 98941s." We responded stating that there are only 3 codes reimbursable by Medicare. He replied "Really?" We also inquired as to how long the pre-edit audits would be in place. NGS informed us there is no set time frame for this audit. It could go on for a week, a month, or who knows.
In the meantime chiropractors will receive letters requesting notes for all claims received after 10/14/2010 for codes 98940 and 98941. The notes must be mailed with the letter to Medicare or the notes can be placed on a disk with a sheet attached to the disk with a list of all patient notes included. Our question is how long will it take for Medicare to handle this onslaught of notes and pay or deny the claims.
Currently we are only aware of this affecting N Y & Ct. chiropractors, however, who knows if other states will follow.
Many of our chiropractors have a large Medicare patient load so this really affects their income. National Government Services states the reason for the pre-edit audit is due to previous audits done in both states indicating the codes were being billed improperly 11% of the time. Bottom line is that the 98940 is for 1 - 2 body regions, the 98941 covers the manipulation of 3 - 4 body regions and 98942 is for the manipulation of 5 or more body regions.
Medicare only pays for treatment of acute conditions therefore the notes and the diagnosis must reflect the number of regions you are billing for and it has to be an acute condition.
We completely understand that many chiropractors treat the whole spine and that most patients benefit from this treatment. Without the treatment many would become acute very quickly. However that type of treatment does not meet Medicare guidelines. Medicare will not pay for the treatment of a condition that will not improve or be corrected by the treatment. They also do not cover what they deem to be considered maintenance.
We had a humorous conversation with one of the customer service reps. We called for details on the pre-edit audits and we asked if this was on all claims for all chiropractors in New York and Ct. and were told "No not all claims - just the 98940s and 98941s." We responded stating that there are only 3 codes reimbursable by Medicare. He replied "Really?" We also inquired as to how long the pre-edit audits would be in place. NGS informed us there is no set time frame for this audit. It could go on for a week, a month, or who knows.
In the meantime chiropractors will receive letters requesting notes for all claims received after 10/14/2010 for codes 98940 and 98941. The notes must be mailed with the letter to Medicare or the notes can be placed on a disk with a sheet attached to the disk with a list of all patient notes included. Our question is how long will it take for Medicare to handle this onslaught of notes and pay or deny the claims.
Currently we are only aware of this affecting N Y & Ct. chiropractors, however, who knows if other states will follow.
The Errors About Medical Errors
"Insisting on perfect safety is for people who don't have the balls to live in the real world." - Mary Shafer, NASA Ames Dryden.
Avoidable medical errors added $19.5 billion to the nation's health care bill in 2008, according to a claims-based study conducted by Millman, Inc. on behalf of the Society of Actuaries (SOA)
The quality of the literature I read on health care policy tends to be pretty poor, lacking both context and understanding. Occasionally, something comes out that is so bone-jarringly terrible that I don't know whether to laugh or cry. The article "the top ten medical errors" is as bad as it gets. Unfortunately, layman and politicians read the headline, and immediately assume that they can "save" the 19 billion dollars by stopping those stupid doctors from making those errors as if they were equivalent to misspellings or addition mistakes.
"Medical error" is not defined as a "deviation from correctness" but instead as "preventable adverse effect of care", a not so subtle semantic difference from common usage. "Preventable" does not mean someone did something wrong, and does not comment about how easy the problem is to avoid, but the implication is that the "error' is something that can be easily corrected, which is simply not true.
Even a cursory investigation into this "list", reveals that these "errors" are well recognized, extensively investigated, and already the target of intensive effort. This report, generated by actuaries, implies that surgeons can say " gee, we had another post surgical infection, let's wash our hands this time", or "darn, that pacemaker failed, we should use one with a new battery for the next patient". The reality is far more complex. Like any other quality assurance program, the cost and difficulty of reducing the last marginal error rises exponentially. These reports, written by people who have never done, or even seen, an intricate surgery, cannot possibly reflect the herculean efforts already expended to address some of these problems.
For instance, the first "error" is pressure ulcers. Such ulcers generally occur in nursing home patients confined to their beds. Yes, these ulcers are preventable in theory, but require intensive and constant nursing care, which is expensive. It is ironic that is is listed first, as the doctors themselves have little influence on this complication. The cost of the extra nurses required to dramatically reduce this complication may well be greater than the money saved.
The second "error", post operative infections,is a problem that has been intensively investigated and addressed by surgeons for over 100 years. Some recent initiatives using "checklists" and various standardized procedures have been instituted with some mixed results, but the fact remains there is no simple, reliable way to cut infections substantially. Simply placing "surgical infections" on the list without context is something only an actuary could do.
Going down the list, virtually every one of these "errors" defies easy solution. Such realities are of little concern to various advocacy groups with political agendas who will use these articles to say "we can say money by avoiding errors". Calling them "medical errors" discounts the practical difficulties of addressing them. "Error" implies "fixable",which is at best misleading, and at worst outright deception.
Once the phrase "19 billion dollars in medical errors" gets into the popular press it can take on a life of its own, becoming a mantra that if repeated often enough becomes justification for redirecting money and setting policy, sort of like Obamacare.
Avoidable medical errors added $19.5 billion to the nation's health care bill in 2008, according to a claims-based study conducted by Millman, Inc. on behalf of the Society of Actuaries (SOA)
The quality of the literature I read on health care policy tends to be pretty poor, lacking both context and understanding. Occasionally, something comes out that is so bone-jarringly terrible that I don't know whether to laugh or cry. The article "the top ten medical errors" is as bad as it gets. Unfortunately, layman and politicians read the headline, and immediately assume that they can "save" the 19 billion dollars by stopping those stupid doctors from making those errors as if they were equivalent to misspellings or addition mistakes.
"Medical error" is not defined as a "deviation from correctness" but instead as "preventable adverse effect of care", a not so subtle semantic difference from common usage. "Preventable" does not mean someone did something wrong, and does not comment about how easy the problem is to avoid, but the implication is that the "error' is something that can be easily corrected, which is simply not true.
Even a cursory investigation into this "list", reveals that these "errors" are well recognized, extensively investigated, and already the target of intensive effort. This report, generated by actuaries, implies that surgeons can say " gee, we had another post surgical infection, let's wash our hands this time", or "darn, that pacemaker failed, we should use one with a new battery for the next patient". The reality is far more complex. Like any other quality assurance program, the cost and difficulty of reducing the last marginal error rises exponentially. These reports, written by people who have never done, or even seen, an intricate surgery, cannot possibly reflect the herculean efforts already expended to address some of these problems.
For instance, the first "error" is pressure ulcers. Such ulcers generally occur in nursing home patients confined to their beds. Yes, these ulcers are preventable in theory, but require intensive and constant nursing care, which is expensive. It is ironic that is is listed first, as the doctors themselves have little influence on this complication. The cost of the extra nurses required to dramatically reduce this complication may well be greater than the money saved.
The second "error", post operative infections,is a problem that has been intensively investigated and addressed by surgeons for over 100 years. Some recent initiatives using "checklists" and various standardized procedures have been instituted with some mixed results, but the fact remains there is no simple, reliable way to cut infections substantially. Simply placing "surgical infections" on the list without context is something only an actuary could do.
Going down the list, virtually every one of these "errors" defies easy solution. Such realities are of little concern to various advocacy groups with political agendas who will use these articles to say "we can say money by avoiding errors". Calling them "medical errors" discounts the practical difficulties of addressing them. "Error" implies "fixable",which is at best misleading, and at worst outright deception.
Once the phrase "19 billion dollars in medical errors" gets into the popular press it can take on a life of its own, becoming a mantra that if repeated often enough becomes justification for redirecting money and setting policy, sort of like Obamacare.
Point of Service Insurance Plans
Both consumers and employers have a multitude of choices when it comes to health insurance. Choosing the right type of plan for you, your family, and your employees is an important decision that can affect how you receive the medical care you need. One option that gives the consumer a wide range of options to receive health care is a Point of Service plan. The major benefit of this type of plan is the ability to receive care from any doctor.
Plans like HMO's and PPO's often restrict an insuree to a specific set of doctors within the network of the insurance provider. This restriction is part of the way the insurance company can ensure that you are receiving quality care. But this can also be a restriction for people who do not live close to any of the network doctors or for people who are not satisfied with their options.
Point of Service plans are often similar to HMO's and PPO's by also having a network of approved medical professionals. This list will give you, as a consumer, an idea of who the insurance provider considers a quality doctor. But POS plans differ from other insurance plans because a customer is not limited to only going to see these supported physicians.
In this type of insurance plan, a consumer can receive care from any doctor without violating the terms of their contract. Consumers are encouraged to see a doctor from the network by covering a greater part of their expense with this doctor. But a customer is not limited to one set of doctors.
If you travel often, or have a doctor you trust greatly, a Point of Service plan may be right for you.
Plans like HMO's and PPO's often restrict an insuree to a specific set of doctors within the network of the insurance provider. This restriction is part of the way the insurance company can ensure that you are receiving quality care. But this can also be a restriction for people who do not live close to any of the network doctors or for people who are not satisfied with their options.
Point of Service plans are often similar to HMO's and PPO's by also having a network of approved medical professionals. This list will give you, as a consumer, an idea of who the insurance provider considers a quality doctor. But POS plans differ from other insurance plans because a customer is not limited to only going to see these supported physicians.
In this type of insurance plan, a consumer can receive care from any doctor without violating the terms of their contract. Consumers are encouraged to see a doctor from the network by covering a greater part of their expense with this doctor. But a customer is not limited to one set of doctors.
If you travel often, or have a doctor you trust greatly, a Point of Service plan may be right for you.
Medical Billing Service - An Apt Way to Recover Dues!
Let's take, for instance, health care service providers, those in a bid to save money try and do all possible tasks themselves, without even considering, whether they are fit to perform them or not. As a result, the tasks do not yield desired output. The solution to it is doing tasks that fit your skill set best then only the best of the results could be achieved.
Medical billing is one such service that helps medical practitioners, hospitals, health care service providers to achieve specialized and gainful results, without putting in too many overspecialized efforts. The above discussed entities often stay engrossed in serving the patients for utmost customer satisfaction. In such a case, they either would need to hire a team of expert professionals (who could process the medical billing for them to help recover their due payments from patients' insurance companies on time, along with due follow-up), and bear their monthly compensation and maintenance cost or outsource their tedious task to an expert medical billing service provider. The latter is a more specialized, cost efficient and an effective option.
Health care service providers lose millions of dollars annually due to under pricing, coding errors, missed charges and un-reimbursed claims of their medical services. To avoid this, it is important that experts with latest technological and software knowledge provide customized solutions to meet individual clients specific requirements. All this could well be ensured by adept medical billing service.
It involves a lot of complexities but trained medical billing service providers ease and uncomplicated the process to help medical organizations recover their dues. Deft billed understand the basic and major medical coverage plans, such as the Health Maintenance Organizations (HMO), Fee-for-Service Plans, Preferred Provider Organizations, Point-of-Service Plans and know the different methods of billing patients and understand the medical billing industry and all its complexities.
The expert billers are also well versed with the terminology & soft wares most often used in a medical office like MediSoft, AdvantX, Surgi Source, etc. Besides they also hold expertise in electronically filing claims, and possess knowledge on the most common types of insurance policies. Billing experts are also well aware of spreadsheets, electronic mail, database management, and possess contemporary word processing skills, proficient in bookkeeping for the most flawless bill raising and hassle free recovery.
Medical billing is one such service that helps medical practitioners, hospitals, health care service providers to achieve specialized and gainful results, without putting in too many overspecialized efforts. The above discussed entities often stay engrossed in serving the patients for utmost customer satisfaction. In such a case, they either would need to hire a team of expert professionals (who could process the medical billing for them to help recover their due payments from patients' insurance companies on time, along with due follow-up), and bear their monthly compensation and maintenance cost or outsource their tedious task to an expert medical billing service provider. The latter is a more specialized, cost efficient and an effective option.
Health care service providers lose millions of dollars annually due to under pricing, coding errors, missed charges and un-reimbursed claims of their medical services. To avoid this, it is important that experts with latest technological and software knowledge provide customized solutions to meet individual clients specific requirements. All this could well be ensured by adept medical billing service.
It involves a lot of complexities but trained medical billing service providers ease and uncomplicated the process to help medical organizations recover their dues. Deft billed understand the basic and major medical coverage plans, such as the Health Maintenance Organizations (HMO), Fee-for-Service Plans, Preferred Provider Organizations, Point-of-Service Plans and know the different methods of billing patients and understand the medical billing industry and all its complexities.
The expert billers are also well versed with the terminology & soft wares most often used in a medical office like MediSoft, AdvantX, Surgi Source, etc. Besides they also hold expertise in electronically filing claims, and possess knowledge on the most common types of insurance policies. Billing experts are also well aware of spreadsheets, electronic mail, database management, and possess contemporary word processing skills, proficient in bookkeeping for the most flawless bill raising and hassle free recovery.
Thursday, November 25, 2010
Who Should Get Commercial Car Insurance?
Commercial car insurance offers protection for the business vehicles. If your company owns a fleet of vehicles, you need to buy fleet insurance. The number of vehicles covered in the fleet insurance differs from various insurance companies. Fleet insurance is cheaper compare to personal automobile. Commercial auto insurance does not offer protection for personal auto insurance policy. If your company own vehicles, you need to purchase insurance because of the requirement set by the motor vehicles department.
The motor vehicles department requires commercial vehicles to have liability insurance.
Commercial vehicles don't have to report their insurance policies to the state department. However, the proof of insurance carried by the commercial vehicles must state that it is one of the company owned vehicles. The proof of insurance carried by drivers of commercial vehicles doesn't need to state the number plate of the vehicle.
When buying commercial automobile insurance, companies will be asked to list the name of drivers. The company will check the driving records of the drivers. If one of the drivers has bad driving record, the insurance company will increase the premium cost. Some insurance companies will reject the application of the insurance policy.
Besides fleet policies, there are commercial auto policies that are designed for smaller fleets. Commercial auto insurance polices that cover smaller fleets of vehicles usually only cover certain types of vehicles. You will have to ask the insurance company about the type of vehicles that are supported by the insurance policy. If you have an insurance agent, you must provide him information about the vehicle fleet including the types of vehicles, engine size, weight and etc.
There are many factors that determine the cost of the commercial car insurance including business location, driver records, and type of vehicle. If the vehicle is situated in a place that has a lot of car theft cases, the insurance company will increase the premium cost. To lower the cost, you can install anti-theft features in all the business vehicles. Examples of anti theft features that are commonly installed in commercial vehicles include break lock, air bag, GPS tracking, seat belts, alarm and etc. You have to ask the company to provide information about the approved safety features. The drivers that are hired by the company must have valid driving licenses and good driving records. High profile car has a high premium cost because the replacement parts are expensive. Sedan cars that have middle size are charged with the lowest premiums. The amount of deductible you pay will also affect the premium charges.
You must determine the ways the commercial vehicle is being used. If the commercial vehicle is used for long distances, the premium cost will be higher. If you own the vehicles, your premium rates will increase as well. If the vehicles are owned by the drivers, your premium will be cheaper. If you want to shop for commercial vehicle insurance, you should do research with the insurance search engine. You can use the insurance search engine to compare the quotes and features of the commercial vehicle insurance policies provided by different companies.
The motor vehicles department requires commercial vehicles to have liability insurance.
Commercial vehicles don't have to report their insurance policies to the state department. However, the proof of insurance carried by the commercial vehicles must state that it is one of the company owned vehicles. The proof of insurance carried by drivers of commercial vehicles doesn't need to state the number plate of the vehicle.
When buying commercial automobile insurance, companies will be asked to list the name of drivers. The company will check the driving records of the drivers. If one of the drivers has bad driving record, the insurance company will increase the premium cost. Some insurance companies will reject the application of the insurance policy.
Besides fleet policies, there are commercial auto policies that are designed for smaller fleets. Commercial auto insurance polices that cover smaller fleets of vehicles usually only cover certain types of vehicles. You will have to ask the insurance company about the type of vehicles that are supported by the insurance policy. If you have an insurance agent, you must provide him information about the vehicle fleet including the types of vehicles, engine size, weight and etc.
There are many factors that determine the cost of the commercial car insurance including business location, driver records, and type of vehicle. If the vehicle is situated in a place that has a lot of car theft cases, the insurance company will increase the premium cost. To lower the cost, you can install anti-theft features in all the business vehicles. Examples of anti theft features that are commonly installed in commercial vehicles include break lock, air bag, GPS tracking, seat belts, alarm and etc. You have to ask the company to provide information about the approved safety features. The drivers that are hired by the company must have valid driving licenses and good driving records. High profile car has a high premium cost because the replacement parts are expensive. Sedan cars that have middle size are charged with the lowest premiums. The amount of deductible you pay will also affect the premium charges.
You must determine the ways the commercial vehicle is being used. If the commercial vehicle is used for long distances, the premium cost will be higher. If you own the vehicles, your premium rates will increase as well. If the vehicles are owned by the drivers, your premium will be cheaper. If you want to shop for commercial vehicle insurance, you should do research with the insurance search engine. You can use the insurance search engine to compare the quotes and features of the commercial vehicle insurance policies provided by different companies.
RSS Feed XML RSS Feed RSS feeds allow you to be notified whenever brand new articles are released by your favorite authors. Google Yahoo NewsGator Bloglines MSN AOL Top 3 Advantages of Buying Auto Insurance Online
The emergence of internet has given rise to fast communication, anytime anywhere. It has become a necessity because business transactions made easy in the most convenient way as well. You can purchase any kind of products online. Thus, buying insurance policy such as auto insurance online is now possible.
Purchasing insurance for your car online help you save considerable amount of money each year on insurance policy. By doing so, it can help you save your precious time while protect you from losses brought about by damage done to your car.
The internet helps those who wants to find out the most ideal car insurance that offer discount and better deal. So, here are advantages of buying it online:
1. Through the internet you will see various insurance companies. You can view their profile, policies, what insurance products they offer and possible discounts given to their valued clients.
2. You can freely request for quotes and compare which provider offer the coverage you need with considerable discounts.
3. Buying it online offers coverage that helps you financially when your car is damaged caused by natural calamities like typhoon, cyclone, hurricane, fire, explosion, flood, lightning, earthquake, among others. Theft, burglary, riot or strike, accident, malicious act as well as terrorist activity are among the man-made activities that are also included.
There are some of the advantages of buying auto insurance online. Start exploring the internet. It's an amazing venue where you can find everything under the sun, including yours, of course.
Purchasing insurance for your car online help you save considerable amount of money each year on insurance policy. By doing so, it can help you save your precious time while protect you from losses brought about by damage done to your car.
The internet helps those who wants to find out the most ideal car insurance that offer discount and better deal. So, here are advantages of buying it online:
1. Through the internet you will see various insurance companies. You can view their profile, policies, what insurance products they offer and possible discounts given to their valued clients.
2. You can freely request for quotes and compare which provider offer the coverage you need with considerable discounts.
3. Buying it online offers coverage that helps you financially when your car is damaged caused by natural calamities like typhoon, cyclone, hurricane, fire, explosion, flood, lightning, earthquake, among others. Theft, burglary, riot or strike, accident, malicious act as well as terrorist activity are among the man-made activities that are also included.
There are some of the advantages of buying auto insurance online. Start exploring the internet. It's an amazing venue where you can find everything under the sun, including yours, of course.
Car Insurance Comparison: 4 Important Things to Consider
You've been looking for insurance for your car because it is a state requirement before hitting your precious one on the road. Aside from that, insuring your vehicle will save you from a lot of trouble. Bear in mind that not all policies are the same. Thus, it is not wise to pick a policy that you deemed has a best price rather try to make comparison first before buying one for yourself. Thus, a smart car insurance comparison is what you need.
Making comparison is no easy task. Each company offers various types of policy, levels of coverage, as well as options, incentives and discounts. You also need to consider the cost on each corresponding policy because it varies with each company and the amount of coverage as well. That's why it is important to do a thorough research before choosing a company that offers the best deal. So, here are four important things to consider in making the best choice:
1. Level of insurance coverage. You have to evaluate your driving habits, environment and conditions whenever you need to file your claim. That means you need to disclose how, when, and where you drive. Companies will determine if you are low or high insurance risk. Until then, an appropriate coverage will be offered to you suited to your lifestyle.
2. Budget. You also need to consider the amount of money you can bear to pay for the insurance policy of your car. Meaning, how much you can afford can affect how much coverage you can get. Some companies may offer basic liability coverage in a low monthly payment or higher level of coverage with high premium as well. Always keep in mind that you only get what you pay for.
3. Discounts, incentives, promotions. Another thing to do is to look for ways to lower your premiums by asking for discounts, incentives offered or any type of promotion you can take advantage of. This way you can save money on your policy.
4. Type of insurance company you want to do business with. One consideration is the type of service, reputation and stability of the company. Ensure that it will treat you fairly when you file a claim and process the same promptly. Thus, make some research about its profile, if it is in good standing, a company that gives high value to their customers and one that you can recommend to your family and friends.
These are four basic and important things to consider before purchasing insurance for your car. A wise car insurance comparison helps you choose the right company that offers the appropriate coverage that you need that fits your budget. This will give you peace of mind and a great value for your money.
Making comparison is no easy task. Each company offers various types of policy, levels of coverage, as well as options, incentives and discounts. You also need to consider the cost on each corresponding policy because it varies with each company and the amount of coverage as well. That's why it is important to do a thorough research before choosing a company that offers the best deal. So, here are four important things to consider in making the best choice:
1. Level of insurance coverage. You have to evaluate your driving habits, environment and conditions whenever you need to file your claim. That means you need to disclose how, when, and where you drive. Companies will determine if you are low or high insurance risk. Until then, an appropriate coverage will be offered to you suited to your lifestyle.
2. Budget. You also need to consider the amount of money you can bear to pay for the insurance policy of your car. Meaning, how much you can afford can affect how much coverage you can get. Some companies may offer basic liability coverage in a low monthly payment or higher level of coverage with high premium as well. Always keep in mind that you only get what you pay for.
3. Discounts, incentives, promotions. Another thing to do is to look for ways to lower your premiums by asking for discounts, incentives offered or any type of promotion you can take advantage of. This way you can save money on your policy.
4. Type of insurance company you want to do business with. One consideration is the type of service, reputation and stability of the company. Ensure that it will treat you fairly when you file a claim and process the same promptly. Thus, make some research about its profile, if it is in good standing, a company that gives high value to their customers and one that you can recommend to your family and friends.
These are four basic and important things to consider before purchasing insurance for your car. A wise car insurance comparison helps you choose the right company that offers the appropriate coverage that you need that fits your budget. This will give you peace of mind and a great value for your money.
Salary Calculator - Using One to Choose Job Opportunities
A salary calculator can be a very helpful tool when you are looking for a job opportunity. You can also use a salary calculator during negotiations for better pay. There are various calculators on the internet and they are offered for free, and it actually takes a short time to learn how to use one. The amount of money you make in a new job is important especially if you have to move to a different city.
A salary calculator will help you to determine your spendable income. This is calculated by deducting costs like savings and housing from your gross salary. The calculators apply the cost-of-living indexes to determine what your gross income will be in a particular area. To use a salary calculator, all you need to do is enter the city you are based in, the city the job is in, your current gross income salary and marital status. The best thing about using a calculator is that you are able to customize it to match your specific situation.
When you enter your marital status and gross income into the calculator, you will find out how much you are going to take home as pay. The calculator will show you the percentage of your gross income that you will actually take home once social security and tax payments are deducted. A disposal income table is applied during this process. The calculators available on the internet ensure that the details provided in the table are accurate.
Once your net salary has been calculated, you need to determine your spendable income. To get this income, the calculator will deduct savings and housing costs from your net salary. Most calculators assume that 40% of your income will go towards savings and housings.
When you want to use a calculator, you have to include the state that you live in to get accurate estimates. If you are looking for a job, you should include the job title so that the results are relevant to the particular title.
You should also include the number of years you have worked in a particular field because this can determine how much you earn. Salary averages usually vary depending on the number of years you have worked.
Your education level is also necessary when you are using a calculator. The size of the company that you intend to work for should also be included because these factors determine the amount of money that you earn.
A salary calculator will help you to determine your spendable income. This is calculated by deducting costs like savings and housing from your gross salary. The calculators apply the cost-of-living indexes to determine what your gross income will be in a particular area. To use a salary calculator, all you need to do is enter the city you are based in, the city the job is in, your current gross income salary and marital status. The best thing about using a calculator is that you are able to customize it to match your specific situation.
When you enter your marital status and gross income into the calculator, you will find out how much you are going to take home as pay. The calculator will show you the percentage of your gross income that you will actually take home once social security and tax payments are deducted. A disposal income table is applied during this process. The calculators available on the internet ensure that the details provided in the table are accurate.
Once your net salary has been calculated, you need to determine your spendable income. To get this income, the calculator will deduct savings and housing costs from your net salary. Most calculators assume that 40% of your income will go towards savings and housings.
When you want to use a calculator, you have to include the state that you live in to get accurate estimates. If you are looking for a job, you should include the job title so that the results are relevant to the particular title.
You should also include the number of years you have worked in a particular field because this can determine how much you earn. Salary averages usually vary depending on the number of years you have worked.
Your education level is also necessary when you are using a calculator. The size of the company that you intend to work for should also be included because these factors determine the amount of money that you earn.
Reduced Curiosity Credit Cards - Make Certain You Have The Cheapest Fee
Creating positive that you spend the most affordable charge of attention chargeable on your credit score message utilization is vital if you want to retain an efficient funds management scheme. As this kind of, realizing how to make positive you pay the most affordable curiosity rate on your credit score credit card need to be seen as an vital aspect to determining which credit score card you really should choose.
As we all know, credit history card stock businesses are not in the enterprise of giving away a no cost service and a single of the methods in which they make a huge component of their income is charging attention on any equilibrium you carry-over from a single payment time period to another. Even though this awareness is charged month to month, attention accrues on awareness and consequently credit history card firms are essential (in most cases by customer law) to advertise their curiosity prices not as a regular monthly sum, for case in point 1.9%, but relatively as yearly figure, for example 22%. Due to the fact the awareness fee marketed is calculated more than the time period of a yr, it is identified as the Yearly Proportion Fee, or APR for brief, and is the quickest way of telling which credit history card organization expenses the smallest charge of attention for making use of their card.
Possessing stated this, there are a couple of further items you need to have to preserve in brain when evaluating the APR advertised by distinct message issuers, specifically:
Yearly Fees
Does the issuer you are thinking about utilizing command any yearly membership service fees? This is an essential query since some issuers can 'hide' costs payable for making use of their message in the sort of an once-a-year charge. Indirectly this allows them to decrease their APR comparable to those issuers who do not cost membership charges. Nonetheless, when you incorporate the membership charge as component of the curiosity price, usually the amount you are becoming charged is higher than if you had made the decision to use the solutions of a supplier that charged a slightly higher APR, but no once-a-year membership fee.
Credit history Score
Your credit history score will influence the attention price you compensate on nearly all your borrowing and a credit rating credit card is no diverse in this regard. If you have a excellent credit score rating, you really should be expecting to spend less APR. Conversely, if you have a undesirable credit score score, you should not be too stunned if you locate that you are being asked to shell out a increased APR.
Default
It would be hard to emphasis how crucial making at least the minimal repayment on your credit history credit card each month is. If you do not, you will likely uncover that your supplier will improve the charge of interest you are getting billed on your account. At times this can take place even even though it may not have been your fault that the cost was produced delayed, for case in point you manufactured the fee but it was obtained late, and with out the company getting necessary to inform you that this default caused the curiosity fee on your credit score credit card to change. It is, for that reason, imperative that you learn the tiny print of any utility type you total to verify and see if the curiosity charge will modify due to the fact of any non-cost or late fee and if the issuer will be obligated to inform you that the attention rate has modified.
Of program, the only way to make positive that you pay no APR on your credit score card utilization is to guarantee that you clear your credit history message stability each and every assertion payment date. Unfortunately, nonetheless, most of us are cannot find the money for the luxury of spending off our credit history equilibrium every declaration time period and the message issuers know this. So, to make confident you are having to pay the most affordable APR doable, learn the great print of the software type and make positive there are no hidden further charges or expenses and that the price of interest you are paying out truly is the card's promoted APR!
As we all know, credit history card stock businesses are not in the enterprise of giving away a no cost service and a single of the methods in which they make a huge component of their income is charging attention on any equilibrium you carry-over from a single payment time period to another. Even though this awareness is charged month to month, attention accrues on awareness and consequently credit history card firms are essential (in most cases by customer law) to advertise their curiosity prices not as a regular monthly sum, for case in point 1.9%, but relatively as yearly figure, for example 22%. Due to the fact the awareness fee marketed is calculated more than the time period of a yr, it is identified as the Yearly Proportion Fee, or APR for brief, and is the quickest way of telling which credit history card organization expenses the smallest charge of attention for making use of their card.
Possessing stated this, there are a couple of further items you need to have to preserve in brain when evaluating the APR advertised by distinct message issuers, specifically:
Yearly Fees
Does the issuer you are thinking about utilizing command any yearly membership service fees? This is an essential query since some issuers can 'hide' costs payable for making use of their message in the sort of an once-a-year charge. Indirectly this allows them to decrease their APR comparable to those issuers who do not cost membership charges. Nonetheless, when you incorporate the membership charge as component of the curiosity price, usually the amount you are becoming charged is higher than if you had made the decision to use the solutions of a supplier that charged a slightly higher APR, but no once-a-year membership fee.
Credit history Score
Your credit history score will influence the attention price you compensate on nearly all your borrowing and a credit rating credit card is no diverse in this regard. If you have a excellent credit score rating, you really should be expecting to spend less APR. Conversely, if you have a undesirable credit score score, you should not be too stunned if you locate that you are being asked to shell out a increased APR.
Default
It would be hard to emphasis how crucial making at least the minimal repayment on your credit history credit card each month is. If you do not, you will likely uncover that your supplier will improve the charge of interest you are getting billed on your account. At times this can take place even even though it may not have been your fault that the cost was produced delayed, for case in point you manufactured the fee but it was obtained late, and with out the company getting necessary to inform you that this default caused the curiosity fee on your credit score credit card to change. It is, for that reason, imperative that you learn the tiny print of any utility type you total to verify and see if the curiosity charge will modify due to the fact of any non-cost or late fee and if the issuer will be obligated to inform you that the attention rate has modified.
Of program, the only way to make positive that you pay no APR on your credit score card utilization is to guarantee that you clear your credit history message stability each and every assertion payment date. Unfortunately, nonetheless, most of us are cannot find the money for the luxury of spending off our credit history equilibrium every declaration time period and the message issuers know this. So, to make confident you are having to pay the most affordable APR doable, learn the great print of the software type and make positive there are no hidden further charges or expenses and that the price of interest you are paying out truly is the card's promoted APR!
What Does The Elliott Wave Principle Tell Us About The Deflation Economy And Greater Depression?
In the 1930's, Ralph Nelson Elliott found that the stock market prices moved in recognizable patterns. These patterns, or waves had five variations and were repetitive in form, but not always in time or amplitude. He described how the Elliott Waves link together to form the same patterns as the next larger size (fractal), and so on and so on. This structured progression phenomenon is The Elliott Wave Principle. It can be used to predict both market direction and market timing according to it's proponents. In 1960, A. J. Frost became a partner of the late Hamilton Bolton, who introduced him to the Elliott Wave principle. After Bolton's death in 1967, Frost wrote two Elliott Wave Supplements. In 1977 he delivered a speech on Elliott and met Mr. Prechter. Robert Prechter co-authored with A. J. Frost C.F.A., to write the book, ELLIOTT WAVE PRINCIPLE - KEY TO MARKET BEHAVIOR in 1978.
The Elliott Wave Principle can be a good forecasting tool as it is a detailed map of how markets behave from looking back and then extrapolating what direction they may go in the future at degrees of scale. Since the stock market in total is such a big compilation of human work, production and endeavor; it follows nicely along the wave principle patterns. Prechter has found that markets even in very short time periods can go through an Elliot Wave sequence.
If the market is in a major long term trend, the Elliott Wave is a motive or impulse of five distinct price movements leading to a climax or blow off top or bottoming crash with periods of smaller three wave A-B-C retracing part of the 5 wave impulse up. In bear markets the Elliott Wave is a corrective wave or Zigzag of three large A-B-C price movements down to a bottom or crash with periods of smaller five wave retracings pointing down. This is what the wave structure is doing right now! According to Robert Prechter, this proves we are in a secular long term bear market.
Amazingly, that is exactly what is going on right now. The market is in retreat and the waves down have been in fives since the year 2000 top! It is undeniable evidence we are in a secular bear market. This bear market's large degree of scale is evidence we are in the Elliot Wave Principle as a Grand Super Cycle decline three times as large and long as the 1930's great depression. So, we are ten years into the Greater Depression. It is due to bottom out in 2016-2018. In fact, the stock indexes are showing a 10 year head and shoulders topping formation with a bearish down trending neckline. A neckline is the line drawn on the graph connecting bottoms of intermediate moves.
The Elliott Wave A complete cycle is eight waves made up of two distinct phases.
1. The five-wave motive phase (also called a "five"), whose sub-waves are numbers.
2. The three-wave corrective phase (also called a "three"), whose sub-waves are denoted by letters. These waves can compound into patterns of one degree larger but the form is constant. Then the next eight-waves (5 impulsive and then 3 reactionary) compound into patterns one degree larger, and so on. Building bigger and bigger(fractal). Regardless of degree, the form is constant.
R. N. Elliott had three consistent Elliot Wave Principle rules of the five-wave form.
1. Wave 2 never moves beyond the start of wave 1.
2. Wave 3 is never the shortest wave.
3. Wave 4 never enters the price territory of wave
1. FRACTICALITY, FIVES AND FIBONACCI
Fibonacci (c. 1170-c. 1250) was an Italian mathematician who's number sequence is the sum of the previous two numbers starting with 0 and 1. 0, 1, 1, 3, 5, 8, 13 and so on. Higher up in this sequence he closer of two consecutive "Fibonacci numbers" divided by each other will approach the golden ratio of.618: 1 - Phi.
When analysts talk about the.618 retrace level they are referring to Elliott Wave and Fibonacci number fractal studies and points where markets often make a turn. Important Elliott Wave Fibonacci turning points are.382 -.50 -.618(phi also known as the golden ration, golden number, golden mean or golden sextant) - 1.382 - 1.50 - 1.682. Not enough attribution is given to these important numbers although awareness is growing in the investment and financial world. Especially, since this is where markets seem make a turn every time.
Robert Prechter has found many instances of Fibonacci and fractals along with the Elliot Wave Principle in nature and human relationships including:
1. Just about anything that data can be collected and shown in graphic form will show Elliott Waves.
2. Spirals in seeds, hurricanes, sheep horns, snail shells the mathematics is Fibonacci number related..
3. Branches in trees, arteries, brain and lung construction. Phi allows more efficiency and robustness, according to Robert Prechter.
4 Stock, bond & commodity markets in short and long time frames Since man is a herd animal and the stock market is a compilation of the work and industry of a mankind in total, the charts of these financial instruments tend to show Elliott Wave Principles, fractals and Fibonacci in looking back and predicting future retracing and support levels.
5. 5 pointed star or a spot on a line all math involved is Fibonacci.
6. Social man - self organizing progress ruled by Fibonacci mathematics because it allows the greatest efficiency and robustness. Precter has tracked use of words such as deflation and found they fit the 5 wave impulse and 3 wave retracement Elliott parameters and tend to turn at Fibonacci points.
7. Arboration. Not just the branching angles larger to smaller as one travels out from the plants base, but how stems and leaves both rotate around the base of the stem or branch and spread to optimize the sunlight they receive.
8. Fractals - think broccoli - each small spear is a mirror image of the large bunch. Think tree -a branch is image of whole. Think coastline - edge of tide pool looks same as the whole coastline if looking down from airplane. 8. Evidence clear down to subatomic particle behavior. Particles bouncing off walls of container look like coiled ferns.
9. The limbic system in the brain relates to emotional feelings and guides behavior required for self-preservation and the preservation of the species. If early man did not get along with the clan he was thrown out of the cave to freeze to death or was stoned to death. Likewise, if he did not conform with and follow his clan he was likely to get eaten by wild animals, get kicked out of the cave or get left behind to starve to death.
So, now mankind invests the same way. Buying more and more as prices rise (evidence is the recent real estate top) and conversely being afraid to buy at price low points. Robert Prechter has also, more recently, found evidence in markets and in nature of Elliott Wave Principle, Fibonacci and fractals all working together. His new study of Socionomics combines sociology with economics and Elliott Wave, Fibonacci and fractals all together. Socionomics says society's mood will swing form optimism to pessimism and then back again. We are in the pessimism phase now. The Greater Depression is already here. It started in 2000 with the dot com stock blow off top. Elliott Wave theory says this has been a 10 year topping formation and that this cycle may not hit bottom until 2016.
The Elliott Wave Principle can be a good forecasting tool as it is a detailed map of how markets behave from looking back and then extrapolating what direction they may go in the future at degrees of scale. Since the stock market in total is such a big compilation of human work, production and endeavor; it follows nicely along the wave principle patterns. Prechter has found that markets even in very short time periods can go through an Elliot Wave sequence.
If the market is in a major long term trend, the Elliott Wave is a motive or impulse of five distinct price movements leading to a climax or blow off top or bottoming crash with periods of smaller three wave A-B-C retracing part of the 5 wave impulse up. In bear markets the Elliott Wave is a corrective wave or Zigzag of three large A-B-C price movements down to a bottom or crash with periods of smaller five wave retracings pointing down. This is what the wave structure is doing right now! According to Robert Prechter, this proves we are in a secular long term bear market.
Amazingly, that is exactly what is going on right now. The market is in retreat and the waves down have been in fives since the year 2000 top! It is undeniable evidence we are in a secular bear market. This bear market's large degree of scale is evidence we are in the Elliot Wave Principle as a Grand Super Cycle decline three times as large and long as the 1930's great depression. So, we are ten years into the Greater Depression. It is due to bottom out in 2016-2018. In fact, the stock indexes are showing a 10 year head and shoulders topping formation with a bearish down trending neckline. A neckline is the line drawn on the graph connecting bottoms of intermediate moves.
The Elliott Wave A complete cycle is eight waves made up of two distinct phases.
1. The five-wave motive phase (also called a "five"), whose sub-waves are numbers.
2. The three-wave corrective phase (also called a "three"), whose sub-waves are denoted by letters. These waves can compound into patterns of one degree larger but the form is constant. Then the next eight-waves (5 impulsive and then 3 reactionary) compound into patterns one degree larger, and so on. Building bigger and bigger(fractal). Regardless of degree, the form is constant.
R. N. Elliott had three consistent Elliot Wave Principle rules of the five-wave form.
1. Wave 2 never moves beyond the start of wave 1.
2. Wave 3 is never the shortest wave.
3. Wave 4 never enters the price territory of wave
1. FRACTICALITY, FIVES AND FIBONACCI
Fibonacci (c. 1170-c. 1250) was an Italian mathematician who's number sequence is the sum of the previous two numbers starting with 0 and 1. 0, 1, 1, 3, 5, 8, 13 and so on. Higher up in this sequence he closer of two consecutive "Fibonacci numbers" divided by each other will approach the golden ratio of.618: 1 - Phi.
When analysts talk about the.618 retrace level they are referring to Elliott Wave and Fibonacci number fractal studies and points where markets often make a turn. Important Elliott Wave Fibonacci turning points are.382 -.50 -.618(phi also known as the golden ration, golden number, golden mean or golden sextant) - 1.382 - 1.50 - 1.682. Not enough attribution is given to these important numbers although awareness is growing in the investment and financial world. Especially, since this is where markets seem make a turn every time.
Robert Prechter has found many instances of Fibonacci and fractals along with the Elliot Wave Principle in nature and human relationships including:
1. Just about anything that data can be collected and shown in graphic form will show Elliott Waves.
2. Spirals in seeds, hurricanes, sheep horns, snail shells the mathematics is Fibonacci number related..
3. Branches in trees, arteries, brain and lung construction. Phi allows more efficiency and robustness, according to Robert Prechter.
4 Stock, bond & commodity markets in short and long time frames Since man is a herd animal and the stock market is a compilation of the work and industry of a mankind in total, the charts of these financial instruments tend to show Elliott Wave Principles, fractals and Fibonacci in looking back and predicting future retracing and support levels.
5. 5 pointed star or a spot on a line all math involved is Fibonacci.
6. Social man - self organizing progress ruled by Fibonacci mathematics because it allows the greatest efficiency and robustness. Precter has tracked use of words such as deflation and found they fit the 5 wave impulse and 3 wave retracement Elliott parameters and tend to turn at Fibonacci points.
7. Arboration. Not just the branching angles larger to smaller as one travels out from the plants base, but how stems and leaves both rotate around the base of the stem or branch and spread to optimize the sunlight they receive.
8. Fractals - think broccoli - each small spear is a mirror image of the large bunch. Think tree -a branch is image of whole. Think coastline - edge of tide pool looks same as the whole coastline if looking down from airplane. 8. Evidence clear down to subatomic particle behavior. Particles bouncing off walls of container look like coiled ferns.
9. The limbic system in the brain relates to emotional feelings and guides behavior required for self-preservation and the preservation of the species. If early man did not get along with the clan he was thrown out of the cave to freeze to death or was stoned to death. Likewise, if he did not conform with and follow his clan he was likely to get eaten by wild animals, get kicked out of the cave or get left behind to starve to death.
So, now mankind invests the same way. Buying more and more as prices rise (evidence is the recent real estate top) and conversely being afraid to buy at price low points. Robert Prechter has also, more recently, found evidence in markets and in nature of Elliott Wave Principle, Fibonacci and fractals all working together. His new study of Socionomics combines sociology with economics and Elliott Wave, Fibonacci and fractals all together. Socionomics says society's mood will swing form optimism to pessimism and then back again. We are in the pessimism phase now. The Greater Depression is already here. It started in 2000 with the dot com stock blow off top. Elliott Wave theory says this has been a 10 year topping formation and that this cycle may not hit bottom until 2016.
How To Apply For A MetroBank Savings Account
Metropolitan Bank & Trust Co. (Metrobank) is one of the premiere universal bank and among the foremost financial institutions in the Philippines. Metrobank is also listed as a public company in Philippine Stock Exchange. It is a member of BancNet, a famous bank organization in the Philippines composed of various domestic banks.
Metrobank has also international branches in various countries around the world. Here in South Korea, they have branch in Busan. Similar to other local banks such as BDO, BPI and PNB, Metrobank has Internet, telephone and mobile banking.
When considering to apply a Metrobank savings account, you should prepare first all the requirements so when you go to the bank the checking of application will be fast. You can also consider applying your account to online banking, a best option for anytime banking.
One best service catered by Metrobank is Internet banking. You require to enroll your bank account to this service to be able to use this service. With Internet banking, you can pay bills online like electricity and water bill, send money to other banks free of charge and see statement of account easily.
If you are considering to apply for a bank account at Metrobank, it is recommended to adhere to the procedures below.
1. Choose what branch will you going to apply an account. Be reminded that you must select a branch near your house or work so it would be quickly accessible in times you require to visit the bank.
2. Ready all the necessary requirements before going to the bank. Make sure you have the full requirements.
3. Prepare money for the initial deposit usually ranging from P500 to P10, 000. It is advisable to have a first deposit equal to the maintaining balance of your account.
4. When you are inside the bank, tell the bank officer you would like to apply for a new bank account. When application forms are given to you, you need to fill it up with necessary information as required. Ask questions if in doubt.
5. After completing all forms, handle your first deposit together with the application papers and requirements to the bank officer for processing and approval.
6. Claim your passbook or ATM card where you apply a savings account after 5 banking days had passed. Remember to go to the branch during banking hours from 9am to 3pm.
Metrobank is one of the best options in opening a new bank account in the Philippines. It caters different products and services which are very beneficial for your financial management such as savings and checking account, mortgage, investment funds, money transfers and many more.
Metrobank has also international branches in various countries around the world. Here in South Korea, they have branch in Busan. Similar to other local banks such as BDO, BPI and PNB, Metrobank has Internet, telephone and mobile banking.
When considering to apply a Metrobank savings account, you should prepare first all the requirements so when you go to the bank the checking of application will be fast. You can also consider applying your account to online banking, a best option for anytime banking.
One best service catered by Metrobank is Internet banking. You require to enroll your bank account to this service to be able to use this service. With Internet banking, you can pay bills online like electricity and water bill, send money to other banks free of charge and see statement of account easily.
If you are considering to apply for a bank account at Metrobank, it is recommended to adhere to the procedures below.
1. Choose what branch will you going to apply an account. Be reminded that you must select a branch near your house or work so it would be quickly accessible in times you require to visit the bank.
2. Ready all the necessary requirements before going to the bank. Make sure you have the full requirements.
3. Prepare money for the initial deposit usually ranging from P500 to P10, 000. It is advisable to have a first deposit equal to the maintaining balance of your account.
4. When you are inside the bank, tell the bank officer you would like to apply for a new bank account. When application forms are given to you, you need to fill it up with necessary information as required. Ask questions if in doubt.
5. After completing all forms, handle your first deposit together with the application papers and requirements to the bank officer for processing and approval.
6. Claim your passbook or ATM card where you apply a savings account after 5 banking days had passed. Remember to go to the branch during banking hours from 9am to 3pm.
Metrobank is one of the best options in opening a new bank account in the Philippines. It caters different products and services which are very beneficial for your financial management such as savings and checking account, mortgage, investment funds, money transfers and many more.
Subscribe to:
Comments (Atom)
