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Ppi Reclaim
Banks had it their own way for quite some time. Fat cats were getting their cream and their poor customers were being fleeced in the process. They`d go cap in hand to the banks for a loan and were offered payment protection insurance (PPI) at the same time. In many cases the rate for the loan would be lower if PPI was taken out at the same time making it seem more attractive. However, the cost of PPIs could vary from 13% right up to 56% of the loan amount. Moreover, clauses were often put into the policies that meant they wouldn`t pay out anyway in times of sickness or redundancy. People have wised-up in recent times and those who think they might have been pressured into paying for, or misled about a policy, can speak to claims management teams about a possible Ppi Reclaim. They could be entitled to thousands of pounds if the Ppi Reclaimis successful. If you weren`t given all of the facts about your PPI in the past then you have a strong case for the Ppi Reclaim. Why should the banks get away with fleecing their customers over a number of years, especially with regards to payment protection insurance? Customers who think that they might have been treated unfairly have a strong right of appeal.

Insurance is always a gamble, a bet actually.

You are betting that you?ll eventually get sick or hurt. And your insurance company is betting that you?ll stay healthy.

If you stay healthy your whole life, but still pay into insurance, that?s great for the insurance company. Actually, it?s great for you too, because you got to be healthy for your whole life. But you still lost the bet.

So an insurance company is never going to reward you for being healthy. That?s not the terms of the bet.

But here?s a secret.

You can reward yourself.

Here?s how. Open a Health Savings Account (HSA). Put as much money as you can into it. Tell your insurance company that you want to raise the deductible on your insurance policy as high as it will go. The deductible is the amount you have to pay before the insurance finally kicks in.

Now sit back and relax. You are completely covered for any healthcare crisis. You can use the HSA money for the small stuff and your insurance policy will kick in for the big stuff.

But?

If you don?t get sick or hurt, the money will stay in the HSA. Then you?ll put in the same amount next year, and it will sit there again. Earning interest, too.

After a while of being healthy, year-after-year, you?ll have tens of thousands of dollars sitting there.

And when you retire, your HSA turns into an IRA ? individual retirement account. You can take the money out and live on it.

And guess what? It?s your reward for staying healthy. You rewarded yourself for staying healthy, and simultaneously covered yourself just in case you did get sick along the way.

Happy retirement!

For more information about this article and/or the author visit http://www.healthoffthegrid.com

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