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Mis-sold Ppi
I can remember going to my bank in the late 1990s to enquire about a loan for a new car. I`d fell in love with this slinky, silver sports car and being a single male at the time, with plenty of disposable income, I thought I`d treat myself to this flashy kind of motor. The bank eventually approved my loan but I was forced into taking out payment protection insurance at the same time. I`m not sure why I took it out to be honest. I think I felt pressured into taking out the policy because the person whom I spoke at the bank said it strengthen my initial loan application if PPI was in place. Nothing was explained to me about the PPI and how it would cover sickness payments or payments for the loan if I was made redundant. In fact, I think I was Mis-sold Ppi by the bank and had it not been so long ago I would put a claim in against the bank in question. Over the years countless customers have been Mis-sold Ppi policies through the banks. Huge profits could be made out of PPIs so you can see why banks would push them onto their customers. Today people are fighting back. Anyone who thinks they might have been Mis-sold Ppi polices in the past can speak to claims management firms who will take their case on and try to recover as many payments as possible.

Apart from the options of buying individual insurance and being covered by group insurance through companies, there is also the Texas Health Insurance risk pool, initiated by the Texas Legislature. This health insurance coverage is provided to people who cannot obtain adequate coverage as a result of their medial conditions.

It is also open to ?federally eligible individuals? as defined by HIPPA (Health Insurance Portability and Accountability Act1996). This program is managed by a nine-member board of directors, all of whom are appointed by the Commissioner of Insurance.

The policy issued by this Pool covers medical expenses including prescription drugs. There is a standard premium rate set by the members of the board. These rates are usually reviewed twice a year.

The state of Texas also has provision to insure the health of children. One of the programs is the Children?s Health Insurance Program (CHIP) initiated for families who don?t qualify for the Medicard program, but at the same time are not in a position to buy insurance. The coverage under this plan is for children between the ages of 0 and 19 years.

The other program is the children?s Medicard. This program considers children between the groups of 0 to 19 years. This program is provided at no costs and is beneficial package in that apart from covering medial bills and prescription drugs, it aims at preventive health care.

The coverage is provided to children whose families have assets below the established levels.

Both the CHIP and Medicard programs are beneficial for children. They cover a full range of services from regular check-ups, preventive care, immunization, lab tests, to hospital visits and the related expenses.

The advantages of both the programs are many. Apart from the health benefits, both these programs provide coverage at affordable rates that can well fit the budgets of all qualifying Texan families. The premium rate is flexible and is calculated based on the number of people in the family, as also the total income and expenses.

All said, both CHIP and Medicard have been designed by the Texas Legislature to give relief to families who neither qualify for Medicard nor have the ability to pay the expensive installments of private insurance.

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