Telemedicine – Who are Benefited and How?

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Telemedicine has been around for some time but now it is becoming mainstream. Thanks to the digital revolution. We’ve now faster internet and more devices to support telemedicine. According to a report, the U.S Telemedicine market will be worth $64billion by 2025 at a compound annual growth rate (CAGR) of 18.5%. This shows telemedicine will be the future and inevitable part of our lives.

But how effective is telemedicine in Texas? Is it beneficial for both patients and doctors? We discuss below.

Benefits for Patients

From the perspective of patients, there are many obvious benefits of telemedicine. Let us explore some of them.

Increases Access to Care

Telemedicine allows patients to get healthcare anytime and from anywhere, as long as they have a stable internet connection and an appropriate device like a smartphone, tablet, laptop, or desktop.

This is particularly helpful for people who have more healthcare needs but find it difficult to get all the medical care that they require on their own, like aged people or people with disabilities. Telemedicine offers them a level playing field by allowing them to access healthcare as frequently as they want without having to depend on others.

Makes it Easier to get Medication

Telemedicine makes it easier for patients to get medication. Instead of going for a doctor’s visit in person, patients can have brief consultations remotely with their doctors and then receive their prescriptions, which can also be filled online and shipped to their homes. With the exception of a few narcotic agents, most medication can be delivered to patients in this way.

Telemedicine is more Convenient

One of the most common complaints with patients is that they don’t get enough face-to-face time to communicate properly with their doctors. Telemedicine in Texas allows people to access medical care in the comfort and privacy of their homes. It helps them save waiting time in a doctor’s office. This can also mean that a person may not need to take time off from work or arrange for childcare.

Also, patients whose conditions are comparatively serious can stay at home if their care is supervised by a specialist via telemedicine. Studies have shown that the recovery of patients is faster when they are at home where friends and relatives can visit them more easily.

Cost-saving

Telemedicine is less expensive than traditional in-person appointments with doctors. Patients can simply consult their doctors on mobile devices or computers and can save on transportation costs.

Benefits for Health Care Providers

Health care providers who offer telemedicine services enjoy various benefits as well. Let us now examine a few of them.

Increases Revenue

Apart from cutting down on overhead costs, telemedicine allows doctors and health care professionals to supplement their income by providing care to more patients through video conferencing. There are also fewer chances for people to miss their appointments with their doctors.

Telemedicine also offers a competitive advantage as it helps in attracting and retaining more patients than the competitors who don’t provide this service.

Expedites Timely Care

Telemedicine can lead to timely care. An on-demand video visit will allow health care providers to better assess the condition of the patient than a phone call and so they can better prepare themselves to take care of the patient without wasting any time.

Can Reach Far-off Places

Through telemedicine, health care providers can provide specialty care to patients no matter how far they are from the location of the hospital, like in rural areas.

Doctors can also use the telemedicine service to quickly get a second opinion from specialists located in other parts of the world.

No Chance of getting exposed to Infections

When doctors see patients remotely, they don’t have to worry about infections that may spread due to exposure.

Conclusion

Telemedicine in Texas greatly reduces the mental and emotional strain of patients at a time when they need medical care. However, for best results, health care providers should continue to provide in-person medical care where it cannot be done without and supplement it with telemedicine services, like for follow up visits. One thing is certain though, telemedicine is beneficial both for patients as well as for health care providers.

Do you’ve any questions? Please feel free to leave your comments below.

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What is Burial Insurance & Why Do You Need it?

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People plan for Will but often ignore Burial insurance. Burial insurance which is also known as final expense insurance is the only sensible and inexpensive way for you to make sure that your near and dear ones won’t have to pay for your burial and other final expenses such as legal costs, debts left behind, and funeral or cremation expenses out of their pocket. The insurance coverage will give them one less hassle to worry about during a trying time.

It is not pleasant to think about death, let alone one’s own. But it is a certainty and no one can evade it no matter how big or small. The least that you can do is leave traces of good feelings behind.

It’s not as if your family cannot pay for your burial but they will think about you ever so fondly when they realize that you have thought about them to the minutest detail. Remember, more than how far you have traveled, it’s the footprints that you leave behind that counts. Below are some more reasons why you need to opt for Burial insurance in Texas.

Funerals are expensive

The cost of an average funeral can run up to thousands of dollars. Burial insurance will give your family a convenient payout so that they can easily cover the cost of your funeral without having to withdraw much from their savings. Depending on the policy, your family can receive as much as $30,000 to cover for your funeral. They will get a check to pay for everything.

Life Insurance may not cover everything

People sometimes don’t buy burial insurance because they already have life insurance. If your life insurance policy is a term life policy, then it will expire after a certain period of time and you will receive a payout which you and your family may spend. But burial insurance never expires. Your family is guaranteed the money from the premium at the time of need.

If you bought a life insurance policy, will it cover your final expenses?

Even if it can, you would want your family members to spend the life insurance money for their own needs and not to pay for your burial. With Burial insurance, they would be able to spend the life insurance money as they wish but will also be able to bury you with dignity.

Burial insurance is affordable

Burial insurance is much more affordable than other insurance policies. In spite of having another insurance policy in place, you can still go for burial insurance. There are a lot of options out there that will suit your needs and your budget. It’s a small price to pay to ensure that your near and dear ones get the protection that they deserve.

Applying and Qualifying for burial insurance is easy

It doesn’t require you to do a mountain of paperwork to apply for Burial insurance in Texas. Most burial insurance policies have a 2 to a 4-page application to fill-up. All you have to do is give some stats and answer a few health questions. Your agent then can quickly calculate the premium that you would need to pay and give you cover. You can also apply online to a burial insurance company. To avail of the insurance, you will not need to undergo any medical evaluation. You don’t need to be in perfect health to qualify for burial insurance either.

Gives you peace of mind

If you have burial insurance, you will know that your final expenses are taken care of. Also, if you have any wishes about how your funeral should be, you can plan it with burial insurance. An affordable monthly or yearly payment and a waiting period of a few years will give you peace of mind.

Conclusion

Some people have prepaid funeral arrangements through their funeral home. But these plans would only cover the cost of your funeral. They do not provide funds to cover additional costs or debts. Burial insurance in Texas would not heal the heartbreak of your death but for your loved ones, it will be your goodbye message.

So have you opted for Burial insurance yet? Do you’ve any questions? Please feel free to leave your comments below.

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What are Tradelines, and How Do They Impact Your Credit Score?

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To explain it simply, trade lines are credit accounts that you use to make purchases. They are known as tradelines as they offer you lines of credit. If you have several revolving and installment credit accounts, each of these will have a separate trade line. The information about your credit usage with these accounts gets relayed by your creditors to the three credit bureaus, and it will appear in your credit report. Depending on how you have used the credit and what the condition of the credit account it, you will get a high or low credit score.

Tradelines on Credit Reports

If you have any credit cards and lines of credit, these will be in your revolving trade lines. On the other hand, your installment trade lines will include your personal loans, mortgages, student loans, car loans, and any other loans. Usually, unless there is a time limit for credit reporting, the tradelines on your credit report will provide details of the account’s credit history.

Both the revolving and installment trade lines will include the following information about your account:

• Creditor or lender’s name and address

• Account type

• Partial account number

• Account current status

• Opening date of account

• Closing date of the account, if applicable

• Last active date of account

• Account current balance

• Account credit limit or loan amount

• Account monthly payment

• Credit card recent balance

• Account payment history

• Payment failures in the past seven years

Creditors and lenders provide the most recent information about your accounts to the three credit bureaus. However, as they may all make different reports, you are likely to see variations across your tradelines.

How Tradelines Impact Your Credit Score

The three credit bureaus—Experian, Equifax, and TransUnion—use the tradeline information in your credit reports to calculate your credit score. For this, you must have at least one active tradeline that shows usage for the past six months. If you have more than one tradeline, they will all contribute towards your credit score.

Creditors and lenders, however, will not stop at checking only your credit score when they are considering you for credit or a loan. A credit score only offers an overview of how financially trustworthy you are. Most creditors and lenders will want to get additional information by checking your tradelines on the credit report.

Each tradeline will show the creditors and lenders if you have been behind payments on that account, and for how long. If you have a high credit card usage and your credit score has slipped because of that, the creditor will compare the balance and the credit limit to determine if you are likely to be a credit risk.

A tradeline will appear on your credit report only as long as you are an authorized user on that credit card. If you remove yourself from the credit account, the tradeline will no longer be on your credit report. You should carefully consider your removal, however. Because if the tradeline’s positive information has been boosting your credit score, it will no longer do so, and your score may even go down. On the other hand, if there were issues with high utilization or making timely payments, you will benefit from cutting off that tradeline.

It is essential to check the tradelines on your credit reports regularly to make sure that all the information is accurate and that there are no errors or false entries. You are legally entitled to get a credit report every 12 months from each of the three credit bureaus, and you should make a point of getting them. Experian also offers you free credit monitoring and access to updated credit reports every 30 days.

By checking the credit reports regularly, you may be able to spot inaccuracies and file disputes with the credit bureaus to remove them and prevent them from damaging your credit score.

You need to keep in mind, though, that tradelines are only one factor in the calculation. Your credit score will also depend on whether you have kept a low debt balance on your credit cards and if you have been making timely payments on your loans.

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Five Benefits of Adding Trade Lines to Your Credit Report

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The credit accounts that you use to make purchases or utility payments appear on your credit report as credit lines that are known as trade lines. If you are up-to-date about repayments, the tradelines can improve your credit score. You can also add new tradelines to your credit report for 30 days or longer and see a significant difference in your credit score.

Here are five benefits of adding trade lines to your credit report:

1. They can improve your financial standing with credit issuers

Banks and credit issuers prefer loan applicants to have high credit scores. If your credit report shows older trade lines with higher credit limits, it signifies that you are financially reliable. It further helps if you have a history of making timely payments. That will reflect favorably in your credit report, and it will reassure the credit issuers. They will know they can depend on you to make your loan payments on schedule. As such, they are more likely to approve your applications for loans.


Additionally, if you have no credit history, getting a loan can be difficult for you. By adding trade lines from a legitimate trade line company, you will be able to show a good credit score on your credit report. That will make it possible for you to obtain a home, education, automobile, and other types of loans.

2. They can help you get lower interest rates

By adding tradelines to your credit report, you can make a significant difference in your credit score. When you make a loan application, the lending institution will look at your credit score and will decide your interest rates on that. If you have a high FICO score, they may give you lower interest rates on your loans. In the long run, this can save you a lot of money.

3. They can get you better rates for your car insurance

Research studies carried out by insurance companies show that people with low credit scores are more likely to file insurance claims. The companies are, therefore, reluctant to provide insurance for such individuals. So, if you have a low credit score, you may encounter difficulties with obtaining an auto loan in the first place. And if you do get a loan, most auto insurance companies are likely to charge you higher premium payments. By adding tradelines to your credit report and improving your credit score, you will be able to avail of lower premiums.

4. They can make it easier for you to rent properties

Your credit score can play a significant role in your ability to rent a property. Most prospective landlords will ask to see your credit score before they decide to take you on as a renter. If you have a low credit score, it means you are not reliable about making timely payments on the amounts you owe. There is a high chance then that you may not pay your rent on time. It is further bad news if your low credit score is a result of unpaid rental payments.

Rather than face the regular hassle of collecting rent or have to evict you when you don’t pay, they may refuse to rent to you at all.

On the other hand, if you build up your credit score by adding tradelines to your credit report, you will have an easier time finding a suitable property to rent.

5. They can increase your chances of getting a job

Many employers will check your credit payment history and even your credit report before they make you a job offer. Being reliable in your financial dealings signifies that you are likely to be a trustworthy employee as well. If they hire you, they can depend on you to be as diligent about getting the work done.

As you see, there are definite benefits to adding trade lines to your credit report. However, you will need to make sure that the trade lines you get are reliable and will prove useful for boosting your credit score. If you are not sure how to pick the right trade lines, it may help to work with a reputable and experienced credit repair company and have them guide you.

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How to Build Credit in Four Simple Steps

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Having good credit is crucial for a variety of reasons, including getting a home mortgage or an education loan on reasonable terms and for getting low insurance premiums. Additionally, if you are looking for a job, your employer may check your credit history before deciding to hire you. Even something as simple as applying for a cellphone can be affected by your credit score.

Most financial companies use the industry-standard FICO score—and the three credit bureaus, Equifax, Experian, and TransUnion, also use the alternative VantageScore— as a measure to determine what the risk factor will be in giving you a loan.

If your FICO score is 619 or below, credit issuers will most likely turn you down for loans. Low scores suggest unreliability in repaying loans, and few creditors will want to take the risk. Even credit scores in the neighborhood of 620-679 can make them wary. If they give you loans, you will have to pay higher interest rates that, in the long-term, can end up costing you a lot of money.

A high credit score of at least 680 to 740 will help you get the best loan terms as it indicates you have a record of meeting your repayment obligations. To build such a score, however, you need first to get credit, and that can sometimes be tricky as you will have to prove to banks and credit card companies that you can handle credit responsibly.

Here are four simple steps to build credit:

1. Get a Secured Credit Card

If you have no credit history, getting a secured credit card can be an easy first step to build credit. Many credit card issuers might turn you down if you don’t have a credit history, but they don’t have to undertake much financial risk with issuing you a secured credit card. To acquire this type of credit card, you must pay the company a security deposit as collateral against the credit amount you will charge on the card.

The company will refund the security deposit when you close the credit card account, or it may approve you for an unsecured credit card. Your credit use with this card will help with building your credit score.

2. Pay Pending Payments

To improve your credit situation, you need to catch up with any pending payments and bring all your accounts up to date. If your current financial situation doesn’t allow you to repay everything that you owe, it might help to contact your creditors and work out a payment arrangement with them that is agreeable to both parties. You can also contact a legitimate credit counseling agency and get their aid in creating a workable payment plan.

3. Make Timely Payments

Since your payment history makes up 35% of your FICO score, you want to avoid credit reports stating that you are late with your payments. So, make a point of paying your credit card bills on or before the due date. Setting up automated payment methods can help you to stay on track with all your payments.  The same rule applies to pay your utility bills and any other bills as the three credit bureaus receive payment reports of these as well, and it can affect your credit score.

4. Pare Your Credit Card Debt

Keeping your credit utilization low is also essential for boosting your credit score. So, if your credit availability is $5000, your credit utilization has to be 30% of this amount or lower. Using more than that will reflect negatively on your credit score, so it is important to try and stay well below your credit limit.

Building good credit is not going to happen overnight. You will need to be patient and consistent, and keep an eye on the free credit reports that you are legally entitled to receive annually from each of the three credit bureaus. Review these carefully for any errors that might have a negative impact on your credit report. Also, you will need to develop good financial habits. These include paying all your bills on time, not accumulating credit card debt, living well below your means, and creating savings funds for emergencies as well as for your future.

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Why Go for Life Insurance Policy?

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Why go for a life insurance policy? This is the most common query of the people planning to buy life insurance San Antonio.

Well, most people know that life insurance is for the financial protection of their loved ones, but what they actually want to know is what the benefits of buying a life insurance policy are. Let’s understand why one should go for a life insurance policy.

Financial protection

The main advantage of life insurance policy is it provides you high life risk cover that keeps your family protected in case of an unfortunate event. Life insurance policy promises the insurer to give monetary compensation to beneficiaries instead of premium paid upon the death of the insurer. It is called the death benefit. The amount of money the insurance company guarantees to the beneficiaries is described in the policy and paid to the beneficiaries upon the death of the insured. It provides a secure financial future to the dependents of the insured.

The insured chooses its desired death benefit amount based on estimated future needs and living standards of surviving members. For high coverage, you have to pay a higher premium. And it is not guaranteed that you will get the desired coverage. Many factors like age, current health condition, and lifestyle play an important role in determining the amount of coverage. The insurance company will determine whether or not the insured qualifies for the coverage based on the company’s terms and conditions. If you do not fulfill the conditions, you may be denied the desired coverage, or you have to pay the higher premiums for obtaining desired coverage.

Work as saving account

Another key benefit of buying life insurance San Antonio is it offers you a cash value. Life insurance policies like whole life insurance and universal life insurance give you cash value and allow you to have savings for the future in the form of cash value. It is like a savings account where you save a certain amount every month. The fixed amount of your premium is deposited as a cash value. The cash value of life insurance earns a modest rate of interest, and accumulated earnings are tax-deferred. Hence, the cash value of life insurance will increase over time.

The cash value can be used by the policyholder, during the life of the insured for several purposes, as described in the policy. Some policies such as whole life insurance policy may have restrictions on cash withdrawals depending on the purpose of the money withdrawn. However, you can still withdraw the money after paying penalties.

Tax benefits

Another key reason for buying a life insurance policy is that investments made in the insurance policy are subjected to rebate and death benefits are generally tax-free to the beneficiary, cash values grow tax-deferred during the insured’s lifetime, cash value withdrawals up to the total premiums paid are generally income-tax-free, policy loans are income tax free, and life insurance policy may be exchanged for another life insurance policy without incurring current taxation. Life insurance enjoys favorable tax treatment, unlike any other financial alternatives.

Risk-free investment

Last but not least; the investment you made in a life insurance policy is risk-free. Death benefits are assured. The cash value is guaranteed. There is no way you can lose your money. And why a life insurance policy is termed as an investment because not only it gives monetary compensation worth more than your premium but also cash value with interest. However, returns will be low as compared to other investment options, but whatever it is, it will be guaranteed. And it is not even fair to compare life insurance with direct equity, mutual funds, or debt mutual funds as these options have high risks associated with them, whereas with life insurance policy, zero risks are involved. If you pay your premium on time, you will be guaranteed returns.

So these are the key reasons why you should go for life insurance San Antonio.

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Six Things to Consider Before Choosing an Audit Firm

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Having internal auditing provides worthy insight concerning an enterprise’s business policies and procedures from an independent viewpoint and ensures that it’s governance, risk management, and internal control systems are as per the standard and are functioning orderly. If you’re looking for an audit firm in Dubai, in view of the importance of getting your financial statements audited, before choosing your accounting partner, you need to ensure that the agency you hire is expert, dependable, and suitable for your business need. Here are six points that you should consider to make your process of searching for hassle-free and foolproof. 

Reputation

Regardless of we’re on the lookout for a job, a dentist, or a plumber, we find someone who has a high reputation in the industry. This is because, reputation displays the image of a person, organization or a service provider and characterizes the uprightness of the entity as valued by the society. Thus, when you are looking for an audit firm in Dubai never ignore to listen to the industry buzz to make sure that the partner you are choosing is well-skilled, reliable, and devoted. Reputation cannot be built overnight but comes through decades of dedicated services, maintaining quality standard and commitment. Get through corporate websites, talk to your like-minded business groups, stakeholders, and accordingly make a list of 2-3 names for further research.

Qualification

The job of auditing is much different from bookkeeping or preparing books of accounts. It requires high background, razor-sharp insight, and great analytical sense to review the vast financial systems of a company ensuring if they’re performed as per the accounting standards or there are some missing areas, irregularities or fraud. They’re the professionals who design your company’s internal control systems in a custom manner after due consideration your company’s individualized needs. Therefore, make sure that your audit firm in Dubai is fitted with professionals like CPAs, CAs, CIAs, and ACCAs who are likely to take care of your auditing job. Being operational in one of the free zones in Dubai, before choosing the firm, you must verify whether or not they’re approved DMCC auditors. If yes, then only you can move ahead further.  

Experience

Never make a mistake to join hands with an audit firm which is in the startup stage or even a company working just for a few years in the market, regardless of it boasts a high growth rate. You should always go for an audit firm in Dubai that has been operational in DMCC for more than decades and demonstrates being a service provider to some distinguished business groups in the industry. The value of experience is immense that makes a company seasoned to locate even the most critical fraudulent activities in an enterprise with great insight and intuition power. They understand the laws related to different areas of financial audit better than any average house.

Professionalism

As accounting systems are standardized in different ways, the practice of due diligence is intimately related auditing services that involve thorough analysis, examination, and investigation to find all potential impacts which may come into sight. When it comes to financial audits, compliance audit or tax audit, CAs or CPAs must perform their duties to unearth to the deepest part of accounting records that they’re auditing, rather than having a quick peek to reach a pre-arranged outcome. Having continuous education is a must for professionals involved in accounting or auditing that smartens them up in terms of the fast-changing laws and technological advancements keeping consistency with the global standards.  

Meet in Person

Obviously, having a personal visit is vital to assess how consistent is the team to take care of your business’s audit service. Meet the senior officials and check how long they are serving the same client which is a great sign of gaining customer loyalty with excellent client services. Make sure that the company is backed by ISO certification which is must-have for an audit firm in Dubai to establish its excellence, meticulousness, and professionalism as an auditor. Check other certification, special awards, and recognition as a DMCC approved auditor. Ask what kinds of papers you need to keep prepared before they start auditing. There is absolutely no harm to check who will be working with you while having a preliminary discussion with the professional will help you understand if you’re comfortable with the person or the team.

Room for Negotiations

Before partnering with an audit firm in Dubai, it’s vital for you to get details their fees, terms and other formalities if any to ensure their suitability. Importantly, as you cannot expect them to offer you services with professional fees compared to an average one, in general, they offer competitive prices according to their standard. If you feel the rate is abruptly high than the market standard, ask if the rate is negotiable explaining what you expect. If they don’t accept, you can obviously shop around further to choose a firm that suits your need but mind well, you should not compromise with any low-priced company considering the significance of audit services in the fast-changing business.

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