Finance: Update on Student Health Plans

Update on Student Health Plans

Written by Tony Novak

A highly effective but little-known strategy for controlling medical insurance costs will become a bit less attractive after September 1 when repparttar

nation’s leading issuer of medical insurance raises rates for policyholders over age 29. This change primarily affects self-employed individuals who maintained their own health insurance plans after graduation from college.

Students who purchase private medical insurance enjoy more liberal coverage than repparttar 112747 plans typically offered through their parent’s plan or their own college or university. These insurance plans cover treatment from any doctor or hospital throughout repparttar 112748 U.S. without repparttar 112749 need for a referral or pre-authorization. Premium rates are typically about $500 per year for those under age 30. But repparttar 112750 best part of this coverage is that it can be continued year after year long after graduation as long as you need repparttar 112751 coverage. As a result of this renewability provision, some adults are able to enjoy high quality insurance coverage for less than $1000 per year for repparttar 112752 next several decades.

Should I Refinance?

Written by Barrett Niehus

Should I Refinance?

By Barrett Niehus

Interest rates are at an all time low. Lower in fact than they have been in forty years. With this low rate comes huge opportunity for home owners to lower their payments and take some equity out of their home. The question about weather refinancing is necessary is dependent on your current financial situation, and what you will save versus how much repparttar refinance will cost. The analysis is a simple one, but one must understand repparttar 112746 process in order to benefit from repparttar 112747 refinance activity.

When weighing repparttar 112748 decision to refinance, one must simply look at your current monthly payment and your remaining payoff period. Then compare this to repparttar 112749 monthly payments and required payoff after repparttar 112750 refinancing activity. If repparttar 112751 benefit of refinancing outweighs repparttar 112752 cost of repparttar 112753 process, then repparttar 112754 refinance makes sense.

The easiest way to evaluate if a refinance makes sense from a quantitative sense is to list your current monthly payment repparttar 112755 amount left on your mortgage, and repparttar 112756 number of payments that you have left. Multiply repparttar 112757 number of remaining payments by your current monthly mortgage payment and list this under all of repparttar 112758 numbers.

Next to these numbers write down repparttar 112759 amount that you are refinancing, repparttar 112760 refinance period, and repparttar 112761 estimated monthly payment. The payment amount can be calculated using a spreadsheet, or possibly a mortgage calculator like repparttar 112762 one found at http://www.freetrainer.com/overview.htm. Within repparttar 112763 amount that you are refinancing, be sure to include repparttar 112764 cost of repparttar 112765 refinance, origination fees, appraisal fees and transfer and escrow costs. Once again, multiply repparttar 112766 monthly payment by repparttar 112767 total number of payments and record this number.

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