Don’t Buy Cheap Auto Insurance

August 20th, 2010

Buying cheap auto insurance may not be the best option. It could result in short-term savings, but could be costly in the future because of several factors. Pricing is important in selecting the suitable insurance for the auto. However, there are other factors to reflect.

The auto insurance company must have the financial strength to take care of any accidents and claims made by the insured. Insurance companies without the needed financial strength have ceased to operate in a dynamic marketplace. This would result in loss premiums and forced to choose replacement coverage at a much higher cost. Even worst, if a claim is outstanding at the time, they will be stuck with the bill if the company folds.

Several sites on the web can help make more in formed decisions in purchasing auto insurance. Weiss Ratings (http://www.weissratings.com) shows the financial strongest and weakest auto insurance companies.

J D Power (http://www.jdpower.com) ranks customer satisfaction on auto insurance companies. The categories include Policy Offerings, Contacting the Insurer, Pricing and Overall Experience. For the last seven years Amica Mutual (http://www.amica.com) has been rated the top in overall experience.

Car Insurance (http://www.carinsurance.com) and Know Auto Insurance

(http://www.knowautoinsurance.com) have useful resources dealing with all aspects of auto insurance.

What are some things that will affect the price of auto insurance?

Anti-Theft devices will aid lower car insurance.

The deductible be raised can result in significant savings. It is recommended the deductible is at least $500. Also, claims under $500 are not cost-effective in the long-term.

The miles the car is driven will affect the rates. By car pooling and using public transportation on occasion, could result in more cost savings.

Normally, if a person has another policy such as home or life, the insurance company will give a discount on the auto insurance.

If there are two or more drivers, switching drivers can make a difference also.

Having excess coverage or services not needed will result in higher insurance premiums.

Shopping around and getting free quotes will give plenty of options based on several factors.

Giving details will definitely impact the cost of the premiums.

These things will lower auto insurance rates.

Taking an approved Driver’s Education Course.

Car Pool Use will lower the total miles on your car.

Two or more autos will trigger more discounts.

Accepted Defensive Driving Course is another way.

Superb Students and Students away will also lower the premiums.

Anti-Lock Brakes will keep auto insurance rates down

Eliminating collision coverage on older vehicles is another way often forgotten.

Cheap Auto Insurance may be the best option for you. However, consider all the reasons and choose what the best overall package at the best price is.

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Don’t Buy Cheap Auto Insurance

August 18th, 2010

Buying cheap auto insurance may not be the best option. It could result in short-term savings, but could be costly in the future because of several factors. Pricing is significant in selecting the edifying insurance for the auto. However, there are other factors to contemplate.

The auto insurance company must have the financial strength to take care of any accidents and claims made by the insured. Insurance companies without the needed financial strength have ceased to operate in a dynamic marketplace. This would result in loss premiums and forced to buy replacement coverage at a much higher cost. Even worst, if a claim is outstanding at the time, they will be stuck with the bill if the company folds.

Several sites on the web can help make more in formed decisions in purchasing auto insurance. Weiss Ratings (http://www.weissratings.com) shows the financial strongest and weakest auto insurance companies.

J D Power (http://www.jdpower.com) ranks customer satisfaction on auto insurance companies. The categories include Policy Offerings, Contacting the Insurer, Pricing and Overall Experience. For the last seven years Amica Mutual (http://www.amica.com) has been rated the top in overall experience.

Car Insurance (http://www.carinsurance.com) and Know Auto Insurance

(http://www.knowautoinsurance.com) have useful resources dealing with all aspects of auto insurance.

What are some things that will affect the impress of auto insurance?

Anti-Theft devices will wait on lower car insurance.

The deductible be raised can result in important savings. It is recommended the deductible is at least $500. Also, claims under $500 are not cost-effective in the long-term.

The miles the car is driven will affect the rates. By car pooling and using public transportation on occasion, could result in more cost savings.

Normally, if a person has another policy such as home or life, the insurance company will give a discount on the auto insurance.

If there are two or more drivers, switching drivers can make a difference also.

Having excess coverage or services not needed will result in higher insurance premiums.

Shopping around and getting free quotes will give plenty of options based on several factors.

Giving details will definitely impact the cost of the premiums.

These things will lower auto insurance rates.

Taking an approved Driver’s Education Course.

Car Pool Use will lower the total miles on your car.

Two or more autos will trigger more discounts.

Approved Defensive Driving Course is another way.

Good Students and Students away will also lower the premiums.

Anti-Lock Brakes will keep auto insurance rates down

Eliminating collision coverage on older vehicles is another way often forgotten.

Cheap Auto Insurance may be the best option for you. However, judge all the reasons and choose what the best overall package at the best price is.

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How to Improve Benefits While Allowing Employees to Help in the Decision Making

August 18th, 2010

The company that I will be researching and documenting their benefits is the Atlanta Memorial Hospital where my mother, Nina Smith, has been employed for the past 10 years. Nina enjoys her job and the work that she does considering that she likes helping people by showing kindness and concern for their ailments. Throughout her career at the hospital, I can only find one thing that she has complained about when it comes to the employee benefits. The benefit that she complains about is when employees have to retract a sick day for low census. This means that when the hospital experiences low patient enrollment then a large number of staff is unneeded for that particular night. This also means that the employee who is given the night off still gets paid, but that payment comes from them taking a sick day that has accumulated on their account. Nina feels that the employee sick days should not be taken away in accordance to the shameful census because that decreases the number of sick days available to the employees when they actually do become sick. Nina is grateful for being able to take the night off when there is low census because she works a graveyard shift and this allows for her to get more rest.

The most logical solution to such a dilemma seems to be that another benefit category should be established for just a extreme census case. Each employee should have a low census account that includes at least 5 low census days. On average Nina takes about 2 low census days a month. This way the employees will not be forced to use their sick days, which should be available when they are sick, for an unforeseen incident that should be the company’s loss. Even though the employees are receiving a day off when coarse census occurs they are the ones who take the loss and not the company. That is what needs to be addressed and that is also what needs to be changed.

In addition to the benefit of having sick days, Atlanta Memorial Hospital also provides 2 weeks of vacation days with pay. The employee is able to select the days that they lift to be off during a specific time of the year. Health coverage is also provided at a discounted rate which costs the employee only $20 per month. This discounted health coverage is cheaper for the hospital to provide than it is for the employee to remove the insurance on their own. The employee is only responsible in paying a $40 co-pay when indispensable ailments should arise or if they just need to have a check-up. In addition to the mentioned benefits, at the end of each year each employee receives a cash bonus depending on their years on the job and not based on their positions. That is a very fair bonus and serves as a tall motivating factor for employees to remain at their jobs and to have great performance throughout the year.

According to Atlanta Memorial, the hospital is located in Cass County, 170 miles from Dallas, TX and 50 miles from Shreveport, LA. Atlanta Texas is home to 5,945 people. Established as a Municipal Hospital, AMH was opened in 1972 to serve the people of this area. AMH is on Highway 77 and South William Street, 25 miles South of I-30 and about 40 miles North of I-20.

The specific benefit plan that clearly needs to be addressed is the low census days that require that the employees use their site aside sick days. The employees should have an individual category of time station apart for such an incident as vulgar census so that they may keep their sick days for when they really are sick. This is the basic issue that needs to be addressed and modified in order to ensure that the employees are benefiting from their benefit plans. Employee benefits were created to make the lives of the employees better. Not only that, the benefits were created to motivate the employees to do their jobs to the best of their ability. When benefits are manipulated then the employees open to feel as if they have been manipulated and they are less likely to put their best wretchedness forward. An organization should always cater to the needs of their employees because they are the ones carrying the workload that allows for the business to run smoothly.

Although the whisper of low census day is the main issue here, the low census use is directly related to the sick day benefits. Atlanta Memorial Hospital takes a loss when they have a limited number of patients in the hospital. This means that they are not getting paid the sizable bucks that they would normally procure paid when all bed units are filled. So what goes on is they diminish the amount of pay that they have to give to the employees by taking their sick days and supplementing their low census. This way they are able to recover and not lose as much funding.

The Controller Forum is a piece of literature that focuses on ways to reward its employees while cutting costs at the same time when it comes to salary compensation. They are able to provide the employees with all of the necessary motivating incentives through particular rewards without having a steady rising salary cost. This is a good way to keep the employees motivated and also set aside money for the business at the same time. Sometimes it is good to have something more than a steady paycheck. Rewards are unbiased as important as the pay. This is the estimable component that Atlanta Memorial has incorporated into the employees’ salaries and benefits. End of year bonuses, vacation days, sick days, and health benefits are all included for the employees.

Another piece of literature that I utilized for this project was Employers and Sick Leave. This article discusses what an employer is and isn’t required to provide when it comes to “sick leave”. Employers can opt to provide sick leave but positive laws must be followed such as: The employee can take sick leave as long as they are seriously ill or if a family member is seriously ill. On the other hand, an employer can opt not to provide sick leave at all. This means that if an employee should become ill then they risk the chance of losing their employment. This is not really a fair deal, but the employee has to make the decision prior to becoming hired.

In Metlife, another literature review, employees benefit focus and health is discussed. Many employees realize that when they are in top-notch health they seem to make better decisions. When employers offer incentives associated with good health then that motivates employees and in turn make employers financial responsibility less of a burden. Atlanta Memorial Hospital offers a discounted rate to their health facility located about ½ mile from the hospital. All of the necessary utilize equipment, personal trainers, fitness classes, and nutritional guidance is provided to the employees. Maybe if Atlanta Memorial offered such incentives for being fit then maybe more employees would take part in the program.

Atlanta Memorial Hospital should really consider allowing their employees the option to have a improper census allowance each month. This would mean giving them at least 5 low census allowances per month. Should the employee go over their allowance, then that is when they should be docked from their sick days. This will give the employee some leeway and will also provide the employer with leeway without taking advantage of the employees. Having the employees alive to in the choice of benefits could effect a difference and be fairer. This may even increase motivation of employees.

Employees should be included in the decision making process in the following ways: There are 3 levels of coverage that are available. The basic benefit doesn’t allow the employee the option to choose where they receive medical care. But the good thing about this is that you don’t have to pay anything should you have to stay in the hospital, but the doctor must let you go home as soon as possible.

The medium level includes a larger selection of what hospital the employee is able to go to. Depending on the cost of the hospital you may wind up paying $50 a day. You must also be discharged as soon as possible.

The high level of benefits allows you to choose the hospital but you are responsible for 10% of the cost but there is no limitation when it comes to how long you are able to remain in the hospital.

Now that employees are alive to in the process, the employers have to get back to focusing on the cost of the benefits. Many have realized that on average, health coverage is costing them $3000 for each employee and their families. This can sometimes lead to layoffs and decreased benefit packages. It seems that the employers are taking the initiative to make sure that none of those pick place.

Week 3′s just for discussion consisted of the student identifying with healthcare costs and also how much control the employees actually have over the benefits. The question for the week was as follows: Why is consumer driven healthcare an area of focus now? Consumer driven healthcare allows for the people to identify which coverage they would engage. They have the ability to compare what they can and can’t afford. If they know they have an ongoing illness then they can purchase more, but if they unbiased want to be able to have a physical every year then they can decide that option. Well, the article that I have found goes hand in hand with the discussion and I will provide some of the points of interest that are included in the article.

The problem that has needed to be addressed and changed is basically the issue of sick days being taken away from employees to cover low census days. This is not a very fair policy as has been established in previous exercises. According to Nina Smith, the issue of indecent census days has not been addressed at Atlanta Memorial Hospital and such does need to be implemented. A solution to the spot should consist of an employer/employee meeting being conducted. The meeting will bring this issue to everyone’s attention and get their input on the subject matter. Some questions that will be posed are as follows: Do you all know that your sick days are being used to cover low census days when you are able to get the night off from work? ; Are you all okay with how these days are being managed? Could you all please give some suggestions as to how to better correct the issue so that all can be happy and so all can be attractive?

When all of the employees and employers are involved in the process then an overall consensus can be reached. This way most everyone will be able to have their input on the issue. More ways to regain everyone’s input without being concerned about backlash and irritation from time constraints would be to make everyone aware of a potential survey that is going to be conducted. The survey would ask the questions presented in the previous paragraph in addition to more personalized questions. There would also be an area which would ask for detailed concerns from the employees. The survey would be an anonymous one so that no one can be pinpointed. There should also be an incentive for the completion of the survey. For instance, if the contemplate is completed online then a reference number could be given to the employee to present for the incentive. Many people are less likely to complete a survey if they are not being given an incentive.

The meeting and discover strategies to accumulate insight from employees are a cheap and inexpensive way to get to know the views of everyone. According to Nina Smith, employee meetings are held every 2 weeks and last about 30-45 minutes. Many people disregard the meetings because they feel that the information that is presented is not beneficial to them and is very repetitive. Improvement needs to come in order to get the employees to get involved. Refreshments should be served at the meetings to help to grasp their minds off of how long the meeting is going to last. Other than the cost of refreshments and what it may cost to space up an online gaze this can be a pretty inexpensive way to get feedback s well as to inform people of what is going on.

The pros of this procedure are very sure such as there won’t be a need to be unfair to the employees by taking away sick days that could really be needed in the future. In addition, there will be more incentives added to the benefit programs. The cons that could be presented are that they superiors of the organization who are responsible for payment to the employees may be concerned that they will experience an increase in the finances. If this is an issue then the employer should look at it as a way to help motivate their employees to do their jobs more efficiently. Sometimes employers tend to forget how valuable their employees are to them instead of worrying about how they may be able to get ahead financially.

Nina Smith has repeatedly complained about having to expend sick days when grievous census occurred. In the future, her view of complaining will cease because she won’t have to worry about her sick days decreasing. This will explain that the plan is effective and should continue to be implemented.

Because this is an exclaim that can be fixed in a small timeframe, there will be adequate time to cover the issue. As far as finances are concerned, this will have to be evaluated to ensure the position number of shameful census days that can be provided should there not be enough clientele for the need of extra people on duty. A budget will need to be allocated towards being able to meet the needs of the employees.

In this case the analysis of the importance of exquisite benefits is the main focus. Nina Smith, an employee at Atlanta Memorial Hospital for the past 10 years, has mentioned her disappointment with the type of benefits concerning low census. This has been an issue on the job because many of the nurses on call are displeased when they must go home after showing up to work. As most would, the employees would rather make money that to be sent home only to lose a sick day.

In conclusion, this may seem like a petty thing to be disappointed over at a job, but in the end the employee’s attitude at this issue is really what matters. In business it is important to ensure that employees and employers are treated fairly alike. In the end the employees are who keep the business running smoothly. Never forget to take care of those who succor you to grow because if you neglect their needs then they may not be able to flourish to their own potential.

Reference Page

Atlanta Memorial Hospital. Retrieved January 31, 2010. http://www.atlantamemorial.com/

The Controller’s Forum. Retrieved January 31, 2010. http://web.ebscohost.com/ehost/pdf? vid=4&hid=8&sid=95c523d1-fe85-4008-a321-2b70f5f40939%40sessionmgr11.

O’brien, Peg. Employers and Sick Leave: An Overview. New Hampshire Business Review.Retrieved January 31, 2010 from http://web.ebscohost.com/ehost/pdf? vid=5&hid=8&sid=95c523d1-fe85-4008-a321-2b70f5f40939%40sessionmgr11.

Metlife. Small Business Benefits. Retrieved January 31, 21010 from http://web.ebscohost.com/ehost/pdf? vid=6&hid=108&sid=95c523d1-fe85-4008-a321-2b70f5f40939%40sessionmgr11

Danis, Marion MD. Enhancing Employee Capacity to Prioritize Health Insurance Benefits. Retrieved on January 25, 2010 from http://web.ebscohost.com/chc/pdf? vid=7&hid=103&sid=ca9fd148-9b0f-4a58-a00f-797a5a9248f0%40sessionmgr112.

Smith, Nina. Atlanta Memorial Hospital Employee.

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Understanding Auto Insurance Rates

August 17th, 2010

You’ve called different insurance companies to get a quote for that new car you’re buying. You’re wondering why there is such a difference in premiums. Is one company better than another? And, if they are a well established and strong company, what justifies their higher rates?

As a retired insurance agent, I’ve been asked countless times why the rates are so high or so low that they’re too good to be true. There are a myriad of factors involved when insurance companies set their premium rates. If you can begin to understand the reasoning behind the rates, it will make you an educated consumer and maybe help you do money.

Rate factors include:

1) Type of car. Is it a four door six-cylinder compact sedan or a fast and furious Corvette? This is a no-brainer. Cars built for speed command higher premiums because they are usually driven faster and cause more damage in collisions and have a higher incidence of theft. The faster the car is going, the worse the accident. The smaller compact sedan is usually, but not always, driven in a more conservative manner.

2) Year of car. The newer the car, the higher the rates. Simple as that. Why? Newer cars are more expensive to repair. The repair shop must utilize brand new parts unlike older vehicles where parts can be found in junkyards at a discount.

3) How much the car is driven. Do you drive it daily thirty miles one way to work or only for weekend errands? This is called “exposure”. The more exposure (mileage), the more chances for an accident and hence the higher premium.

4) Where you live. Do you live out in the country or in the inner city? These are two extremes, but point out the disparity in some of the rates. Chances of theft or vandalism outside a city are usually relatively low. There is a grand greater chance of these things happening in a large and busy metropolitan area. You may have more “exposure” if driving long distances in the country, but the accident and theft chances are lower.

5) Road and weather conditions. Does your county keep the roads up and in wonderful repair or are the roads full of potholes and neglected? Good roads usually mean relatively lower rates all things being equal. Do you live in the Sun Belt or in the northern part of the country that receives a lot of rain, snow and ice? Insurance companies take this into account after studying effects of weather on the local roads and the amount and severity of accidents during extremely frigid weather.

6) Your age and driving record. Are you a good driver with no tickets or accidents and are between the ages of thirty-five and fifty years old? Congratulations. You’re probably going to get decent rates no matter what company you choose. We all know a novel teen driver in the household will cause rates to jump, but an older person over seventy years old can also cause a rate increase. Yes, it’s discriminatory, but that’s how insurance companies set rates for the amount of risk they must shoulder.

These are the major factors involved in your auto insurance rate. Know the factors and you won’t be as shocked at the premiums charged. You may be able to save some money knowing what to say to and ask of your agent. Knowing where you stand and how the auto insurance company sets rates create you a thrifty and smart shopper!

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5 Top Questions to Ask as You Are Shopping to Compare Auto Insurance Rates

August 16th, 2010

Many people call around for auto insurance quotes looking for cheaper prices. It is not disputable that imprint is the number one reason why people shop around for a different insurance company. While cost is very necessary to everyone there are other factors to consider like the quality of company giving you cheap quotes, if they are there when you need them most, how long it takes to settle a claim, and more. Here are the top 5 questions you should ask auto insurance agents as you shop to compare their rates with other companies.

1 – Are There Extra Charges For Splitting The Premium Into Payments?

This is very important because while some companies charge a few dollars, others charge $15 dollars a payment or even apply interest charges to payments as high as 22-25%. While many companies may quote you a great rate, their payment penalties in a lot of cases will make them more expensive in the long accelerate.

2 – Is Your Company Rated Highly Financially Come By?

There are outside unprejudiced companies that rate auto insurance carriers on their customer service and financial stability. For financial stability A.M. Best rates most or all auto insurance companies. Their top rating, AAA, means they will be very financially rep so that company will have no problem paying your claim quickly. If the company is rated lower, like A, they may not have the financial backing to quickly fix your car or cover catastrophic losses.

3 – What is Covered By Your ERS, Or Towing, Service?

Not all emergency roadside services are created equal. Many companies include ERS for free or low cost when you purchase comprehensive and collision coverages (full coverage) for your vehicle. While it seems like a great deal to earn the coverage for free, that coverage may only pay to tow your car 7 miles or less and it may not screen you if you go out of state. The best ERS covers you as far as it takes to gather to a repair facility. If you have the tow coverage and your car breaks down, you should be able to use your ERS to get to the closest garage as to bag it fixed. Anything less could wind up costing you a lot of money in excess tow miles so compare the services companies offer and make sure the insurance package you choose has this included.

4 – What hours are you open?

Many insurance companies are open from 9-5, Monday-Friday. What if you need help at night or on weekends? With many companies and independent agents you need to wait for them to get into the office. Picking a company that is opened 24/7 will ensure that help is a phone call away if you have an accident, emergency, or need your questions answered during off hours due to your gain busy work schedule. When you are shopping to compare auto insurance rates this is very important and is worth spending a couple extra dollars for a policy that offers around the clock service.

5 – How Long Will It Take to Determine A Claim?

Some companies will dawdle and make you wait weeks, sometimes months before paying the claim to get your car fixed. This goes in line with financial stability. It seems like the more financially secure a company is the quicker your car is repaired. None the less, this is a great interrogate to ask when you are shopping to compare auto insurance rates because some companies put a lot of effort into ample claims service while others are happy to engage your insurance payments and leave you with bad claims service.

While there are more questions you may have of your prospective auto insurance company do not forget to ask these 5 when you are shopping around. As you compare their rates, remember, the cheapest company is not necessarily the best insurance company. You pick up what you pay for so shop for great pricing and a great company.

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