Health Insurance

Bitcoin Analysis Short/Mid/Longterm – 21.03.2018 March 21, 2018 by Simon Moser This was clearly an amazing week for everyone active in the crypto space. I almost spent the entire last 4 days in front of my charts trading, where I witnessed a fairly critical moment for Bitcoin and also an amazing bounce. I’ll now try to give you an outlook for the next few days, weeks and months. The 4h Chart On the 4h chart we can clearly see that Bitcoin literally pumped itself thru the 8600$ resistance like it was nothing. Many traders and analysts expected a medium sized correction to the 7800-8200$ area, which did apparently not happen. The old resistance line is now our new key support region, while the 9100-9300$ area will act as a strong resistance. The MACD indicator aswell as the Stochastic RSI show that Bitcoin is slowly losing steam, although it would have enough power left for one last pump. One can not clearly say that the price is going into a medium sized correction or will move up to the new resistance zone. The Daily Chart The Daily Chart, which is definitely my favorite, shows us a three white soldiers pattern, implicating a very bullish momentum. A penetration thru the next resistance level could yield a rally to the 9600$ area, which is also the descending trendline. While the indicators show that there is a huge amount of steam left for a further uptrend, we are still in a very critical situation. First, there is the so called death cross: The 200 Day Moving Average is right before crossing the 50 Day Moving Average, which could be an impactful bearish sign. What most people don’t know, the perfect moment for a short position is right when the price is inside of the death cross. But this does not mean that you should enter a short position. One argument against this event is that the momentum is extremely bullish at the moment. Another point is that one can not always trust moving averages, as they are time lagging indicators. Often have we seen a death cross without any impact at all. What should also make ourself sceptical, is the volume of the current bounce. If you compare the trading volume of the 6th of February low with the current volume, you will see a noticeable difference. Of course, volume can always come back at any time as a consequence for good news. Nevertheless, if we fail to break thru the descending trendline resistance, a drop to 6000$ is almost inevitable. The Weekly Chart While the weekly chart indicators imply a possible bullish scenario for the next week, the candle sticks show us a neutral-bearish formation. We must admit that we are still in a downtrend. The current weekly candle is looking nice so far, but it is still a lot time left until it closes. To be certain that the downtrend is finally broken we need to wait at least until the end of the next week (need to break the 11800$ resistance). The week is going to be very interesting. Bitcoin has a new chance to finally abandon the bears. But if he can not break the downtrend, the bearish situation would probably continue until the mid of April.

How To Save on Health Insurance

With health care costs soaring through the roof, the cost of health insurance premiums are increasing as well. Health insurance is a necessity, however, when you consider the costs of one visit to the emergency room, surgery to set a broken bone, scans, lab and other costs. When your budget is limited, how can you keep the costs of your health insurance premiums down? There are several steps you can take to reduce your health insurance costs and still maintain adequate medical coverage when you need it.

First step is to consider what health insurance options you have. Does your employer offer a group medical benefit? Many employers (and/or labor unions) offer health benefits to full-time employees. Group health insurance is usually the cheapest way to get medical coverage; an employer can negotiate with health insurance companies to get a group health plan at cheaper rates. In addition, many employers will pay part of the premium, reducing your health insurance cost even further. Another consideration is whether your spouse has health coverage available through their employer? If so, compare your health benefits plan to that of your spouse, and decide which health plan is the better buy. It may be possible to have one spouse carry family health insurance coverage and the other drop their health benefits. Many employers have multiple health insurance options, so review these plans as well. Choose the health plan that best meets your needs at the cheapest rate.

If no health insurance coverage is available through your employer, there are other ways to obtain health insurance coverage. Individual and family private health insurance policies are available. Shop and compare benefits and premiums from each health insurance plan. If you and your family are generally healthy, the new Health Savings Account (HSA) may be worth consideration. The HSA is an account that allows you to save tax-free dollars for your medical/health expenses.

Similar to an Individual Retirement Account (IRA), you are limited in the amount that you are allowed to contribute each year; however, with the HSA, withdrawals for health expenses are not penalized, and no tax is paid on the withdrawal.

When paired with a health insurance policy that has high deductibles and low rates, the HSA may be ideal for you. Save money in the HSA for deductibles and co-pays, and you're set.

For those over 65 or permanently disabled, Medicare is available through the federal government. The original Medicare is an 80/20 plan (they pay 80% of eligible expenses and the insured pays 20%) with an annual deductible and a monthly premium. Supplemental health plans are available to cover this deductible and co-pay. These supplemental health plans are usually private and the insured pays a premium. In addition to the original Medicare plan, there are Medicare HMOs.

In these Medicare HMO health plans, the Medicare premium is paid to an HMO to provide benefits to the insured. HMO plans are more restrictive in that patients must get care through a network provider, but often these plans cover more prescription drugs and preventive care than original Medicare does.

Recently some employers have offered lower premiums to employees who do not smoke cigarettes. This is currently a controversial topic for some, but it certainly may begin a trend. In the future, employers and their health insurance providers could offer reduced premiums for employees who maintain normal weight, exercise regularly, and receive certain wellness benefits. Maintaining a healthy lifestyle lowers the risk to the health insurance company that they will be paying big bucks in health care down the road. And health insurance, as any other insurance, is all about risk.

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