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sunshinetc sunshinetc
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7 years ago
Describe two (2) steps you should take to evaluate and choose health care insurance options?

C07J
Personal finance 5 edition
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7 years ago
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1. Describe two steps you should take to evaluate and choose health care insurance options.
2. Describe one consideration you should take into account when looking into the option of private health care insurance.
3. Describe one way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth.
4. Before investing in mutual funds, describe two other issues that you would want to address in your overall financial plan.

1. First, you should check with your employer to see what types of policies, if any, are offered. Employers often subsidize the premiums for health insurance or sometimes pay it all together.Larger employers often have a choice of several health insurance policies. Using the employer's policy as a base, you should then look into additional private health care insurance if needed. You should keep in mind that private health care policies are quite expensive and you may need to consider the trade-off of how much insurance you need or want versus how much you can afford.

2. The most important factor to be considered before opting for a private health care plan is insurance providers coverage and the cost associated with the premiums.

3. Investment in stocks surely affects the financial planning,liquidity management, financing and also in a way protecting your wealth. Investment in stocks gives the dividend over a certain period thus it helps in liquidity management of the company, also investment in stock exchanges affects the financial planning since it helps in increasing the value of the investment quickly as compared to other sources of investment, one need to understand that on the average investment in stock returns in positive return, also investment in blue chip companies stock provides a kind of untold security of your investment, thus protecting your wealth.

4.

DEGREES OF RISK

All funds carry some level of risk. You may lose some or all of the money you invest—your principal—because the securities held by a fund go up and down in value. Dividend or interest payments may also fluctuate as market conditions change.

Before you invest, be sure to read a fund’s prospectus and shareholder reports to learn about its investment strategy and the potential risks. Funds with higher rates of return may take risks that are beyond your comfort level and are inconsistent with your financial goals.

FEES AND EXPENSES

As with any business, running a mutual fund involves costs—including shareholder transaction costs, investment advisory fees, and marketing and distribution expenses. Funds pass along these costs to investors by imposing fees and expenses. It is important that you understand these charges because they lower your returns.
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