What Do Apartments in Dallas Check For When They Run Your Application?

Apartments in each state and, even in each city within the same state, have their own different qualification procedures when reviewing the application of a potential new renter. Take the state of Texas as an example. The largest metropolitan areas in this state with the highest concentration of apartment communities are Dallas, San Antonio and Houston. There are thousands of various apartment complexes in each of these cities. You would think they would have the same requirements for approval when running an Application for a new renter since they are all located within the same state of Texas. However, Dallas has very unique requirements that are different from Houston and San Antonio as well as different from other cities and other states.
Apartments in the illustrious city of Dallas check four (4) major areas in order to approve your Application: criminal background, income/job, rental history, and credit. It is the combination of these specific 4 areas that make Dallas requirements unique as a city, as well as how lenient or strict they are within each of the 4 areas.
For instance, In Houston, located only 239 miles away from Dallas, there are some apartments that consider your debt and your debt to income ratios as well as Social Security fraud history, when checking your Application. These are items that are never checked by Dallas apartments when they run your Application. Also, Dallas is more lenient than Houston when doing a criminal background check when it comes to fraud and financial crimes. Several apartments in Dallas will still work with you if you have a misdemeanor or felony in those categories, whereas in Houston these two areas are almost always causes for denial of your application.
As another example of how unique Dallas qualification requirements are, consider how Dallas differs from another major city, San Antonio. In the city of Dallas, apartments do not check how long you have worked at a particular job. The length of your employment history is not a consideration. As long as you HAVE employment and income that can be verified, most apartments will approve your application. In fact, you can have a brand new job, or even be transferring here to Dallas from another location, and all you need is a “Hire Letter” from the new employee showing your start date and your rate of pay. This is different from San Antonio. Most apartments in San Antonio want to see at least 6 months of employment history.
So, as you can see, Dallas has unique requirements that they check for when running an apartment application. Here are the specific requirements that Dallas apartments look for in more detail:
1. The first area that the best Apartments in Dallas check is your income qualifications. They almost always require that you earn three (3) times whatever your rent amount is. Other cities and states may require that you earn 2.5 times, or even 3.5 times the rent amount, but almost all properties across the board in Dallas check to see that you earn 3 times minimum. For example, if your rent is $1000, they want to see proof that you earn at least $3000 a month. You can provide this proof of income in the form of paycheck stubs. If you are self employed, you can provide bank statements and the most recent year’s tax statements. If you are new moving into the Dallas area and have been transferred from your job, or you are just starting a brand new job, you can provide a letter from your employer on company letterhead from the HR department or the hiring manager. The letter should state that you are being relocated and what your income will be.
Many cities, such as Houston and San Antonio, check to see how long you have worked for a particular employer, and therefore will not accept a “New Hire Letter”. Dallas does not do this. As long as you have the Hire Letter, you can be accepted with a brand new job. More than likely, however, the new apartments will call the company and ask for verbal verification of the letter, and it must be signed by someone with authority, such as the Hiring Manager. They may or may not ask for the letter to be notarized.
What kind of income will the Dallas apartments consider? In addition to income from a business you own or from employment, you can also include funds that you receive as child support, disability, retirement, investments, etc. Any and all income that is legal and is provable will be considered.
What if you are retired and do not have income? Some areas would require you to move to a retirement community or senior facility. But most apartments in Dallas are flexible in this regard. They will just require a copy of your bank statements to verify that you have enough funds to cover the cost of the rent for each month of the lease. For example, if your rent is $1000 a month, and you sign a 12 month lease, they will check to see if you at least have $12,000 in savings. They will also consider any Social Security money that you receive as monthly income. And if all else fails, they will accept a co-signer. Because Dallas is flexible in working with retired individuals, many enjoy the freedom and dignity of renting their own apartment without having to move into a retirement home for seniors. Perhaps this is one of the reasons that Money Magazine voted Dallas as one of the best places to retire in 2006 and 2007.
2. The second area that the best apartments in Dallas always check is your past rental history. They want to know if you have ever broken a lease or been evicted. They will check with the current apartments you are living in now, even if they are in another state, to verify that you are leaving on good terms. It may be tempting to try to “stretch the truth” and hide the fact that you owe past apartments money, but resist the urge. The credit check that they pull on you will reveal any debts that you owe to past properties. In Dallas, any past debts to properties that are still unpaid, even if they are many years ago, will mean an automatic denial if it shows up on your credit. The Manager does not have control over making the final decision in this regard. This is because most apartments in Dallas are managed by large Property Management Companies who make all the corporate decisions for their properties. They set the rules, and the rule is always to check for any property debts and automatically deny an application if such a debt appears. Other cities with a higher percentage of privately owned small apartment communities, such as San Antonio or Houston, may be more flexible in this regard since they maintain more control over who they accept or deny and the Manager may be allowed to make the final ruling.
What can you do if you do owe a past apartment community and you are searching for an apartment in the Dallas area? Well, it all depends upon whether or not it shows up on your credit report. If you aren’t sure if it shows up on your credit, you might first pull your own free credit report and look to see if it is there. Make sure to pull the credit from all three reporting agencies since you aren’t sure which one the apartments will use. If the incident is mentioned nowhere on your credit, then you may choose not to bring up the past, especially if you have had good rental history SINCE that occurrence. If it does show up on your credit, then you will not get approved at any apartment complex in Dallas. Your only option is to go back to that prior property that you owe funds to and pay them off. Be sure to receive a receipt or letter that shows your debt is paid in full so you can present this letter to the new Dallas apartments. Even with the receipt or letter, not every property in Dallas will work with you. A skilled Dallas Apartment Locator will be of great assistance in guiding you to the properties that are a little more lenient in this regard.
3. The third area that the Dallas Best Apartments check is your credit. As we mentioned above, they are mainly looking to see if you owe any past apartments money. However, Dallas is unique because they also will check to see if you owe past utility bills, mainly the electric company. The reason they check this is because you will not be able to turn on your electricity at the new apartment if you still owe the utility company money. So you will have to pay off any debts to the electric company prior to filling out the apartment application. In fact, some Dallas apartments even require you to call the power company and schedule the date for them to turn on the electricity to your new apartment, and get a confirmation number to prove it is scheduled, before they will give the final approval to your Application. Apartments in other cities are not as strict in this area as Dallas.
Another item they will look for on your credit, besides just past apartment debts and utility debts are housing debts. Perhaps you use to own your own home, and now you are moving into an apartment. The apartments will check to see your payment history with the mortgage company and will look for property debts and foreclosures. If a foreclosure shows up, then they may not be able to work with you. It depends on how many years ago the incident happened. An Apartment Locator familiar with Dallas apartments will be in the best position to assist you.
4. The last area that apartments in Dallas always check is your criminal background. Although most cities and states run background checks on applicants, each city is different in how they react to the findings. Dallas apartments run a background check that goes back indefinitely. It will show any past misdemeanors or felonies that you have ever received in your entire life. It doesn’t matter if the occurrence happened 30 years ago. It will still show up. Most apartments in Dallas automatically will decline your application if any felony shows up. However, they can be flexible in a few areas where other cities are not.
For example, if the felony or misdemeanor is for something that does not involve harm to another human and does not involve theft, approximately 10% of the Dallas apartments will work with you. Some examples of misdemeanors or felonies that SOME properties may be more flexible with are: check writing fraud, drinking while driving, possession of marijuana, etc. Other cities are not flexible enough to consider any exceptions and will deny an application for any crime, regardless of its nature.
If you have a non-violent glitch on your background criminal record, you need a qualified Apartment Locator in Dallas who has knowledge of second chance properties to assist you in finding the 10% who might work with your situation. If your particular offense is not one that any apartment property in Dallas will accept, then the Locator will let you know. In that case, your best bet is to find a privately owned house that is for rent by the owner. These can be found in the newspaper. Do not apply for a rent house that is represented by a Real Estate Agent, or they will have the same background check that the apartments have, and you will run into the same problem. Only rent houses that are for lease by the owner offer more flexibility.

Read this Article if You Want Affordable Health Care Insurance

One of the number one concerns of employees these days in health care insurance for themselves and their families and not just any healthcare insurance but affordable too. Are you paying too much to protect your family? You are aren’t you and it is a concern of yours too isn’t it? Indeed and you are not alone in fact a recent survey in Human Resource Magazine indicated the it was the number one concern even more than salary to corporate hires by over a two to one margin.
One problem is the over litigiousness in the healthcare industry partly due to high costs of regulatory compliance and partly due to the incessant litigation of Mal-practice on doctors, thus causing them to raise their prices to afford insurance and therefore higher costs to folks like you.
Many times employers offer various choices that you can choose from and you have to study each plan carefully to make sure if it fits your needs. But what if you are self-employed then what do you do? Well there are many choices for self-employed folks, but you again need to study all the possible options so you can get the right policy that is best for you. Think on this.

Admiralty Law Attorneys & Maritime Lawyers – Offshore Accident Lawyers

Many wonder what admiralty and maritime laws deal with. The fact is, these laws were designed to deal with the way in which waterborne crafts interact with each other. Maritime laws are designed to settle disputes, encourage commerce and help injured seamen and sailors.
Maritime law in the United States is compiled by a list of statutes which cover all waterborne activities taking place in United States waters. In the past, maritime laws only covered specific incidents such as victims of maritime air disasters and specific areas such as inland water workers. Modern day maritime law now encompasses a much larger field of occupations, accidents and conditions.
There are currently many law firms that represent the sailors, longshoremen and seamen who have been injured while working offshore. The maritime and admiralty laws were designed by the United States government and have dozens of levels of federal, state and local rules that apply to different situations. Because of this, maritime litigation is often very comprehensive.
Some of the types of maritime accidents that can occur include accidents on barges, ferries, casino ships, cruise ships, shipping vessels, tankers and tugboats. There are literally thousands of types of these boats, but those are the major ones. In addition, there are many types of workers who are covered by these maritime and admiralty laws. Some of the jobs include seamen, engine utility men, deck engineers, harbor pilots, longshoremen, dock workers, fishermen, ferry workers and barge hands.
If you are a sailor, seamen or any other type of offshore worker, and have been involved in a maritime accident, then you have the right to take legal action. Please visit our website for an updated list of dedicated and experienced maritime lawyers. They will help you with your maritime lawsuit and guide you towards receiving the legal compensation you are entitled to.

Enjoy Your Life With Latest Games

Online gaming is one of the remarkable inventions that is ever made by modern science. The total number of games that are being played across the globe is truly uncountable. This entertainment resource is one of most popular choices of entertainment among the children as well as teens. Not only an online game serves as a high-class entertainment, it is also a good medium to meet other online players from different places or countries. Most of latest games are made on the flash platform.
Online gaming is not only the source of enjoyment for the game enthusiasts all over globe, but is also growing to be one of the most lucrative businesses. The websites which provide plenty of latest games get gigantic amount of hits and therefore they become fabulous advertising tools for most marketing campaigns.
There are numerous types of latest games available on the Internet, such as shooting games, adventure, fighting, racing and many more. The shooting games are sub-genre of action frolic because shooters get the opportunity to take part in most adventurous actions. Under the category of shooting games, the player usually views the events from behind the eyes of the main character, normally a few feet behind the shooter. They are based on high-end features and most of the times they are based on popular films. These are the favorite tools for doing time pass for the shooting enthusiasts. These games have been favorite among the kids as well as teenagers. The shooting games either require you to fulfill one particular mission and in some cases, just let you to kill the enemies without any proper mission. There you just have to clear the game stages.
Free online games also include space related games, wherein your aeroplane just goes on shooting meteorites and other targets, which come in the way of your space craft. In the middle of the game, you can also get some surplus power that can add extra strength to the players’ plane, such as power missiles, protecting rings, multi way missile and many more. Therefore, these are considered as great stress relievers.
Innovations have always been a rife part of most of the new types of activity conceived by mankind and hence the facet of invention is also a part prevailing in the world of online gaming. These inventions are quite absorbing in terms of their game-play and hence increase the pleasant experience of playing the latest games. An individual who is playing an online game can chat with his antagonist in a real time multi-player game and he can also win money.

Free Cash Grants to Upgrade Your Home

Home owners who want to upgrade their home with new equipment and appliances can apply for home improvement grants, which can provide you with the cash you need to purchase and install your upgrades. Particularly if you would like to use more energy efficient products and models, there are a number of government and private foundation grants that can help you pay for those changes.
Once you search the grant database, you’ll quickly realize there are many programs that you may qualify for. Review the eligibility requirements, submit your application, and wait to see if you are approved. Once approved, you’ll not only get the cash you need to assist you with your home improvement projects, but you’ll never have to pay the money back.
There are also tax credits that you can receive for using energy efficient products. That’s why it may cost you a little money up-front to install and purchase new equipment and appliances, but there could be a greater savings on the backed. Particularly if you are receiving free grant money to help you finance the entire project.
But just because the grants are available does not mean you automatically are entitled to receive them. There is an application process and approval process, but there is also a way to put the odds in your favor. Learn these ticks to put your grant application in a favorable position, and there is a lot of money that you may be able to qualify to receive. There is no limit on the number of grants you can apply for and receive either.

The More Things Change The More They Stay The Same With High School Fashion Styles

Value is hot! Most of us will look for deals like shopping at J.C. Penny, Kohl’s and department stores that have value And name brands. We all “grow up” during high school (well most of us). High school fashions today declare who we are while we are. We are honing our socialization skills and finding what fashions reflect who we are. This is why there are various looks that high school students have. We’ve included just a few:
Most of us think by merely donning the varsity team jacket will somehow transform our look into “jock mode.” However this does not hide our poor fashion sense or lack there of and neither do large letters and colors of the high school. The ultimate way to key into the Jock Look is by going out for a school sport and making the team and earning the right to wear that jacket. And by sport and team I am not referring to the varsity chess team.
We all remember the geeks and nerds don’t we, and some of them were actually us. Usually none by their “un-cool” clothing these prodigies are usually so engulfed with numerous projects that they could care less about what they wear. As with all changes in fashion trends, actually having geeky clothing isn’t necessarily a bad thing. Let’s face it, geeks and nerds are thriving because of the fact that everyone has a computer. Do you recall when role playing gamers were known to be Satan worshippers? Well today some of them are none as world class cyber athletes. This high school fashion can be scored by being preoccupied with solving the problems of the universe and by wearing a shirt with a witty saying or technological jargon a face it.
While this high school fashion is popular among fans of rock bands making a statement is a definite plus with those we call, “rockers”. These are usually shirts that make statements or shirts featuring their favorite band. This fashion usually includes a ton of trinkets and studded bracelets or a tribal necklace. With this high school fashion you need to take on the “appropriate” attitude to go with it. Being passionate about music is of course essential and having an IPOD or headphones will cinch the look. For the guarantee of turning girls heads a pair of drumsticks or a guitar case will do the trick as well.
Most of us think of BLACK when referring to the Goth fashion of high school clothing. Whether fortunately or not this is not just a high school fashion it is used by numerous people who wish to make statements of sorrow. The accessories are the key really; such as, black eyeliner and lipstick. Don’t be swain by thinking these Goths are dressing as such to show their individuality; more or less this form of dress is more commonly done to be included in a group and sort of blend in with people who want to show that they belong.
The toughest fashion look to maintain as you must always stay atop the latest high fashions racing from store to store to obtain the first best outfit ever. Well you also have to know what is “cool” and what is definitely “not cool”. And as a true fashionista, you must launch the highest standard of high school fashion.
This is just a few of the high school fashions a foot at your local high school so get out there and look around your local high school and catch one today or create a new one.

What Damages Can I Claim After a Drunk Driving Accident

Being injured in a drunk driving accident can be life-altering. You need to hire a professional personal injury attorney. Only he can educate you regarding the legal process and eventually help you win the case with the best possible compensation.
As per the Florida law, you are a victim of a drunk driving accident if the accident causes you loss of any form that demands compensation. Under Florida Statute for victims of DUI crashes, there are certain “allowances” provided for the victims. However, the victim or his lawyer often requires to pursue these allowances he is subjected to!
You must be aware about the multiple ways through which a victim can obtain benefits. A set of Qualification Requirements has been established by the Florida’s Bureau of Victim Compensation for receipt of funds under its Crimes Compensation Act. Here are the requirements:

  • The reporting of the crime to law enforcement needs to be done within 72 hours.
  • It is necessary for the victim to have suffered some form of personal physical injury. There is an automatic reduction in the funds for those who have just suffered psychiatric or psychological injury due to the accident.
  • Application needs to be filed within the time period of one year after the crime date. In case a valid cause is shown, the time period might be expanded up
  • to 2 years.
  • The victim must cooperate with law enforcement, State Attorney’s Office, and the Attorney General’s Office fully.
  • The victim must not have been engaged in any form of unlawful activity at the time of the accident.
  • The victim must not be responsible for the accident in any way.
  • The victim must not have a record of felony conviction.

What are the benefits available to the victim?

You need to meet all the above criteria in order to be proven as the victim. Only then, as per the Bureau you are entitled to the following benefits:

  • Loss of wage
  • Loss of support such as the death of a close relative etc.
  • Disability of any form
  • Expenses related to funeral
  • Expenses pertaining to medical treatments
  • Mental health counseling
  • Compensation for any kind of Property Loss

However, the truth is that you and your lawyer need to pursue your compensation actively in order to avail all the benefits available under the Florida Law. This specific statute helps to save you a good deal of your medical costs.

An injury caused due to drunk driving accident might cause you loss of time at work and subsequently loss of high wages. You might have to struggle to pay the bills. When your general bills are added on by your medical expenses, you might lose your sleep at night. So, it is more than essential for you to claim lost wages in a drunk driving accident. This includes future wages If the injuries you suffered leaves you disabled or incapable of functioning properly to provide output to the company, you need to count your future wages as well for compensation.
You are also entitled to seek damages for pain and suffering caused by such an accident. This involves the physical or mental distress caused due to someone’s death. You need to prove the nature and severity of your injury as well as the prognosis issued by the doctor with the intent to claim such damages.
Out of all the damages claimed, those related to medical expenses is the most common. This is because in most cases, medical expenses can add up at a striking rate into a lump sum. The situation might be the same even when you have medical and auto insurance. You can demand reimbursement for ambulance rides, consultations, medical equipment, physical therapy, in-home medical care and all other expenditures.
What to do just after a drunk driving accident occurs?
  • Dial 911

When you find out you are the victim in the crash, dial 911. Make sure to receive treatment for your injuries instantly, if possible. Police officials soon test the other driver for the accident.

  • Gather contact information

Collect important contact information. It includes the other driver’s name, contact number, address, and details related to insurance. Also, gather relevant info from the witnesses on the scene. Gather their basic contact information as well since it might come handy later.

  • Gather every possible piece of evidence

Click pictures of the crash scene, the vehicles or vehicles that were involved, and any injuries that you suffered. If there are other pieces of evidence like torn clothing, crashed debris etc., make sure you keep those handy as well.

  • Hire a drunk driving accident attorney

Only the qualified drunk driving attorney has an absolute knowledge on law. At first, the case might seem to be simple but things might get tense with the progression of the case. So, be on the safe side and get yourself a proper attorney with specialization in this field.

Who is usually responsible for drunk driving accidents?
If the person who apparently caused the accident is found to have a BAC that is higher than the legal limit, you can go ahead in filing a lawsuit against him. You can also file a claim against a restaurant or bar if it is responsible for providing alcohol to the person accused for the accident.
  • The accused person needs to be Under 21 years of age.
  • The accused need to be someone who is “habitually addicted” to alcohol.

It is pretty difficult to put the blame or a part of blame on the third parties that might actually be liable for the drunk driving accidents.

India – Jewellery Destination and Jewellery Shops in India

India and Jewellery, Jewellery and Indian women are interlinked with each other from decades. In almost every occasion starting from marriage to any event the fashion of a woman is incomplete without teaming up with proper jewellery. Some traditional and some modern styles of jewellery caters to the need of jewellery selection. Not only the affluent class can afford jewellery but there are also low cost jewellery items that cater the wide demand of jewellery in India. While picking up or choosing jewellery in India has lot to do with fashion trends heritage and culture. Different regions and culture follow their unique designs that go at par with their tradition. Kundan jewellery is a renowned art that we can see in Indian jewellery which usually comes from the state of Rajasthan. Almost every small and renowned jewellery shops in India showcases unique styles of Kundan art. Apart from Kundan jewellery Meenakari, the art of coloring the surface of metal to give a gorgeous look to the jewellery is quiet famous in India. Traditional temple style of Jewellery depicting the style of south India is quiet famous.
A married woman in India has to flaunt variety of Jewellery pieces as a part of culture that actually gives the lady a gorgeous look. A pair of toe rings is a symbol of a married lady these toe rings can be of silver or any other material. Apart from toe rings nose ring is also a part in Indian marriages. These nose rings are generally called nath that depicts prosperity of husband. Necklaces are an untouchable part of traditional bridal attire. Necklace can be of different designs. It can be of traditional temple design or it can be of curved design. This piece of jewellery actually is an essential part of bridal or non bridal attire. In any occasion women can flaunt a necklace simple or heavy as per their occasions. Bangles usually worn in the hands to decorate the hands of a woman are also a part of bridal attire.
In India there are a variety of jewellery shops catering to the wide demand of jewelleries. These shops provides almost every type and form of jewellery. Some of the important and renowned jewellery shops in India are P.C Chandra Jewellers, Malabar Gold & Diamond Jewellers, Kalyan Jewellers, etc. Apart from visiting a jewellery showroom nowadays online shopping from portals like Caratlane has become quiet famous among women who hardly gets time after their office hours. To brief out India and its craze for jewellery is inseparable.

Buying Furniture: Use a Website or Home Furniture Showroom?

When buying furniture, many people are undecided whether to buy from a home furniture showroom or from a website. The feeling is generally that online is easier and also more convenient, but that buying from a showroom or mall store is safer. Are they right or not?
Unfortunately there is no distinct answer to this question, because those marketing using each of the above options claim they are the best and safest. There is little evidence either way regarding the security of your payment details. There have been problems with leaked details online, and with credit card cloning offline, so quite frankly you are best to ignore that aspect.
The vast majority have no problems using either method, and it comes down to which is best for you. Is it more convenient to buy online? Sure it is! Is it best to by online? That is your decision to make, but with furniture one thing is clear – you have a far better choice online, but you get a better view of your furniture in a mall store or home furniture showroom before you pay for it.
So which is best? Neither! You need to think about the benefits and drawbacks of each method of purchasing furniture and try to eliminate the negative aspects of each while combining their strengths or benefits. Let’s have a look at the advantages and disadvantages of each, while keeping in mind that the weakness of one will likely be a strength of the other.
Buying Furniture Online
Large Choice of Manufacturers: The main advantage of buying furniture online is that you can visit a large number of online furniture store websites in a morning. You can check out Sherrill Furniture for a good selection of upholstered chairs and sofas, Simply Amish for some mission or Shaker furniture for your kitchen, Southwood Furniture for a selection of beautiful reproduction furniture and L. & J.G. Stickley Furniture for beautiful living room and dining room furniture.
Made in America: These are just some examples of American furniture manufacturers that offer products that are 100% made in the USA. So another advantage of buying online is that if you are patriotic, you can find the truly American companies where every item is made in America. Try that in your local shopping mall, and you will struggle to find products that are made in the USA by American craftsmen and women using sustainable American wood.
Online Room Planners: Several furniture outlets or dealers offer design services or online room planners for your use. In fact, you can often rely on finding a room planner on the website of a manufacturer. After entering the dimensions of your room, you get a scale model of it and you can add similarly scaled thumbnails of your furniture choices to add to it by the click of a button. That way you can see how your furniture choices fit into your rooms.
Easy Ordering: Some online furniture stores allow you to order and pay online. We are assuming here that online and offline payment methods are equally secure, which they generally are. However, sometimes it is too easy to order online with a credit card, and you can easily overspend
Buying from a Home Furniture Showroom
See Your Furniture Live: By far the biggest advantage of buying furniture from a mall store or furniture showroom is that you see what you are paying for. It might look great on your computer, but how does it look in the flesh? Is the color truly what you want, and is the wood grained the way you want it?
Ease of Operation: These recliners and lift chairs sound marvelous, but how do they actually work? Is that recliner easy to operate with your arthritic hands? Is that lift chair gentle or will it shoot you out into the room on your hands and knees when you want to stand up? It is important that you understand how your choice of motion furniture operates, and that it is suitable for you or your elderly relative.
Ask the Right Questions: When buying furniture you will likely have a few questions to ask. How do you do that online? Have you ever tried to get a quick answer online? They do not exist! One of the strengths of buying from a home furniture showroom is that you can ask the questions you want to ask, and you get an instant answer.
Conclusions
Our conclusion is that you can use the benefits of each of these methods. You can select your furniture line from the websites of your favorite manufacturers – or even better, select a reputable local dealer and check out all the suppliers it offers. A good dealer will offer products from good American furniture manufacturers such as those mentioned above.
Make your choices online, giving yourself some options or alternatives then visit the home furniture showroom of the dealer concerned. Check out the items you have selected live, and if they seem fine, pay for them. You get the benefit of online selection and offline live viewing and payment security!

The Pros and Cons of Group Health Insurance

The health insurance marketplace is certainly challenging, but count your lucky stars that at least you have choices. To that end, this article is going to explore the pros and cons of group health insurance.
Group Health Insurance Pros

  • Group health premiums are subsidized by the employer. Generally, an employer must contribute at least 50% of the “employee only” premium. As such, if you are the employee, you can likely get a richer health plan for less premium than you would pay in the individual health marketplace. However, the cost to add your dependents to the employer’s plan, may be cost prohibitive. In this case, and assuming that your dependents can qualify, then you may want to put them on an individual health plan.
  • Group health premiums for large families are the same as for small families; whereas in the individual market, you pay a separate premium for every family member. So, if you have a large family, you may be able to get a better deal by adding them to your employer’s plan. As with any insurance change though, don’t make any changes without consulting with an experienced insurance advisor in your state.
  • Group health insurance in most states is guaranteed issue – meaning that you can’t be turned down because of pre-existing health conditions. This is a real blessing if you or a family member has a medical condition that prevents you from qualifying for a individual plan. But, this is a double-edged sword. While being guaranteed issue is a huge benefit for those with pre-existing medical conditions, it does come at a price. This one feature alone accounts for most of the disparity between group and individual insurance premiums. Yes, that is right – in most states, individual health premiums are almost always less expensive than group health premiums.
  • Most group plans cover maternity. So, if you are planning on having more children, you should definitely consider hopping on to a group plan. While you can add a “maternity rider” to individual plans, these riders tend to be expensive, restrictive, and otherwise provide less value than the coverage you can get in a group health plan. That being said, if you are considering having more children, we recommend that you contact a health insurance advisor in your state for advice about what is best for your family. The right answer is different for each unique family.
  • Economies of scale can benefit employees of large employers. It is true that the larger the group, the larger the risk pool is in which to share the risk which CAN result in lower premiums than are available in the individual health market. However, the guaranteed issue “issue” CAN wreak havoc on this type of plan. For example, a large employer with good benefits tends to retain employees for long periods of time. Eventually, the average age of the group starts to creep up and so do premiums. In addition, people with large medical needs (expensive medical conditions) tend to be attracted to large plans because they are guaranteed issue with good coverage. And so, over time, not only is the group’s average age increasing, but the group is also attracting employees with large expected health costs. This is the dilemma that we see with large health plans like the U.S. auto-makers and even government plans. Eventually, those with lots of medical needs begin to outnumber those with little or no needs and so premiums are driven higher and higher.

Group Health Insurance Cons

  • Group health insurance can be more expensive than individual health insurance. ln fact, if you don’t factor in the employer’s contribution towards premiums, then individual plans are almost always more affordable than group plans. However, as we discussed earlier, not every one can qualify for an individual plan.
  • What happens if your employment is terminated (by you or your employer)? Yes, you will likely have some benefit continuation rights (through COBRA or state continuation programs), but these benefits can be very expensive and the term limited. So, eventually, you either have to secure another job with benefits, an individual health plan (assuming you are insurable), or possibly join a government health insurance program for the uninsured (if you are not insurable). Let me emphasize, that you should NEVER be without some form of major medical health insurance. Being without this insurance puts you and your family in serious financial jeopardy. In fact, a recent Harvard University study found that 50 percent of all bankruptcy filings were partly the result of medical expenses.¹ To the same point, every 30 seconds in the United States, someone files for bankruptcy in the aftermath of a serious health problem. Don’t let this happen to you.
  • Group health insurance premiums are rising faster than individual health insurance premiums. Why? Because most group plans are guaranteed issue and since they accept “all comers”, they tend to attract those with high medical costs. On the other hand, most individual health insurance plans are medically underwritten. This means that the insurance company can say “no thanks” to any application that it deems to not be in its interest. Put yourself in their shoes – would sign a contract to provide $30,000 in annual benefits to someone that was only going to pay $3,000 in premiums (for a net loss of $27,000) if you didn’t have to? Hmm…let me me think about that one. The answer is a resounding “NO!”. Because of this underwriting process for individual health insurance, insurance companies can control their risk and more effectively manage their profitability, resulting in more stable prices.

As you can see, there is no clear cut answer as to which type of insurance is the best. The answer depends on a number of factors and is different for every unique situation. The best advice I can give you as you consider your health insurance options — get good advice from an experienced health insurance advisor.