Daily Archives: November 23, 2017

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What Is The Children's Health Insurance Program?

There is a gap between the income level that makes a family eligible for Medicaid and the ability to afford private health insurance. What is the Children's Health Insurance Program? It is a way to make sure that no children fall through that gap.

The Children's Health Insurance Program (CHIP) is a joint Federal and State funded health insurance designed to provide health insurance to children in families that do not qualify for Medicaid, but are still financially unable to afford private health insurance. The increasing cost of health care and the resulting increase in private health insurance premiums have created a "coverage gap" and Medicaid being a Government program is too often slow to respond.

This has left many children among the millions of uninsured Americans and this has been unacceptable. Children have special medical needs that include immunizations and dental care that is essential to give them a fair chance to grow into healthy adults. It is this assumed right of all children to have an equal opportunity for a healthy start to life that has led to many Government sponsored programs and the Children's Health Insurance Program is one of them.

The Insurance coverage provides funds to allow children to have medical treatments. It guarantees preventive medicine above all else. The coverage pays for routine checkups, dental examinations and cleaning, and immunizations. The funding is based on the Federal Government making matching contributions based on the contributions of the individual States. The Children's Health Insurance Program varies from State to State. Some States have already extended the program to include all children. Low income children get the insurance at no cost, and the rest have to pay only a small premium.

One of the best things about the Children's Health Insurance Program is the fact that it has focused so much on preventative medicine. Although hospitalization and all of the other standard and emergency treatments are covered, it is the idea of ​​providing coverage that encourages routine checkups, immunizations, and dental examinations that have made the Children's Health Insurance Programs innovative in the Insurance Industry.

There has been a trend in private health insurance policies to adopt this prevention concept in its insurance coverage. The routine checkups and other procedures designed to prevent illness or discover it early are no longer excluded or subject to high deductibles when they involve children. It has been learned from the experience of the Children's Health Insurance Program that it is extremely less expensive to keep a child healthy than to pay for their treatment later. …


10 Business Street Smarts

Many business owners or people who are about to start a business have idealistic views about their new venture. People who are experienced in business know that there are some basics and some fundamentals that you must get right if you are to succeed. This article outlines a list of "Street Smarts" which have been distilled from the knowledge and experience of many successful business people. Read them carefully!

1. The fatal mistake of many business people – thinking that because they are a good mechanic, baker, accountant, that they understand what it takes to run a mechanical business, bakery business, accountancy business. The most important skill for any business person is to know how to run a business. How much management & business & marketing training have you invested in yourself?

2. Make sure you clearly understand the concept of working on your business as distinct from working in your business. The most successful business owners spend a great deal of time working on their business – learn from them! Read The E Myth by Michael Gerber – a must read!

3. Work out what it would take in dollars to pay someone to do what you do, for the hours you put into your business. Are you paying yourself the same amount? If not, why not? You are clearly worth it! Many people would argue that if you are not paying yourself that same amount, then you do not have a business, you have bought yourself a job – and sometimes a low paid one!

4. Learn from other people, especially their mistakes – you can not live long enough to make them all yourself! This means that you must be willing to embrace change – in every aspect of what you do. The one certainty is that change will continue and increase! The definition of insanity is "doing the same things in the same way and expecting different result." If you want a different or better outcome – change!

5. Can your business run without you for up to a month? If it can not, then you have a job, not a business. Are you taking a holiday each year? Why not, your staff do! If you are a one or two person business, then bring in a relief person for the time you are away. Pharmacists, doctors, & dentists, do it all the time – why not mechanics, bakers, accountants or home based businesses?

6. Prepare yourself for this one! If you have had the same accountant, for more than 7 years, then get "a second opinion" from a completely new source. Evaluate their advice against your "regular" and see which is more likely to deliver the lifestyle you want. Two important things to note about this: a) if your adviser advises you against this – what does that tell you? and, b) if your accountant does not understand how and why a business should "deliver a lifestyle", then it's time to update your advice.

7. …