Browsing Category: "Financial Press Release"

There’s Never Been a Better Time to Change Energy Tariff, Says Confused.com

Thursday, September 25th, 2008 | Financial Press Release

11.8 million people hit by latest energy price rises - Changing tariffs now could save UK consumers £6.8 billion per year.*

Cardiff (PRWEB) September 17, 2008 -- Gareth Kloet, product director at Confused.com, the UK's leading price comparison website, responds to npower's and Scottish Power's recent energy price rises, which will hit an estimated 11.8 million customers. These latest announcements follow price rises by Scottish and Southern, British Gas, EON, and EDF:

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"We are living in unusual times! Energy prices have risen by more than 40 per cent this year alone, as a result of unprecedented rises in the cost of wholesale energy and, consequently, double digit rises have become the norm.

"Despite the fact that all of the 'Big Six' providers have now raised their energy prices, supplier prices are still in a state of continuous flux. In fact, it has never been more important to make informed decisions when it comes to changing energy tariffs, based on personal circumstances.

"While capped tariffs will offer insurance against future rises in energy prices, it is important to note that customers will pay for this fixed-price assurance. This makes the cost 20% higher, on average, than that of uncapped deals. While uncapped deals, in the current climate, will result in the most significant savings, there is no guarantee that these prices will remain as competitive and attractive in the near future. It is important to also consider online deals and paying by direct debit, as companies often offer discounts to customers who elect to use these methods.

"There is scope for saving money if you act fast and change supplier or tariff as soon as possible; however, it may be best to stick to one of the 'Big Six' suppliers, as volatile price fluctuations have forced smaller suppliers out of the market in the past."

For further information please contact:

Caroline Spindlove/ Anna Bowes
Confused.com
02920 434 398

Joanna Harte/ Gug Kyriacou                
Polhill Communications            
020 7655 0550
        
Notes to editors

  • Savings based on results taken on 18/08/2008 for an annual consumption of 3,300 kWh for electricity and 20,500 kWh gas (medium consumption) comparing all regions' 'standard' bill (where they are with British Gas for their gas and the host supplier for their electricity) and the cheapest tariff available. Number of households which have not switched is provided by Ofgem in the Domestic Retail

Market Report 2007.

About Confused.com:

Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market with a massive 70% market share and generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.

Confused.com has 74 motor insurance partners, and customers can save up to on average £208. It also has a panel of 55 for home insurance, and customers who use Confused.com for home insurance can expect to save up to £193.

Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.

Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.

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People with Disabilities Awaiting Medicare Coverage Need to Know Health Options, Allsup Says

Thursday, September 25th, 2008 | Financial Press Release

With Medicare more than 24 months away, individuals need to secure interim healthcare support ranging from COBRA to drug assistance programs

Belleville, Ill. (Vocus/PRWEB ) September 17, 2008 -- About 46 million Americans went without health insurance coverage some time during 2007. The impact of not having healthcare coverage can be even more pronounced for the millions of individuals with disabilities.

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However, according to Allsup, a leading provider of Social Security disability, financial and healthcare-related services to people with disabilities, there are options if individuals understand the Social Security disability process and know where to look for support.

People awarded Social Security Disability Insurance (SSDI) benefits eventually do become eligible for healthcare coverage under Medicare. However, Medicare is available to most individuals only 24 months after qualifying for SSDI benefits. In reality, the time frame is even longer because SSDI benefits are not available until five full months after the onset of disability.

During the interim years, a number of medical services may be required to treat an individual's disability and ensure he and his dependents are receiving necessary care. Additionally, simply getting through the SSDI application process requires furnishing the Social Security Administration with up-to-date medical records based on recent medical examinations.

"If you have a chronic disability that has forced you to stop working, you cannot afford to be without resources to help you minimize your healthcare costs and ensure your access to needed healthcare services," said Paul Gada, Allsup's personal financial planning director.

There are a number of options for people awaiting Medicare eligibility, and details are available through Allsup's free Financial Matters personal finance portal. In particular, Gada notes COBRA or other private insurance; drug assistance programs or switching to generic drugs; and learning to negotiate healthcare costs.

Weighing COBRA Costs and Benefits

Someone who has lost a job because of a permanent disability can elect to continue using their former employer's group health plan through COBRA coverage. Employers who sponsor a group health plan with 20 or more employees are subject to COBRA, which allows former employees, their spouses and children to maintain coverage under the employer's health plan for 18 months of continuation coverage after they leave the organization. This can be extended for 11 additional months if the former employee is determined by the Social Security Administration to be disabled within the first 60 days of COBRA continuation coverage.

The downside of COBRA coverage is cost. Former employees' premiums are not offset by the employer as they often are for existing employees. This means that the premium for the first 18 months of COBRA can cost up to 102 percent of the plan cost for those still employed. The rate also can rise as high as 150 percent for the 11-month disability extension period.

Even so, COBRA coverage generally is less expensive than getting comparable individual private health coverage. In addition, if a person is continuing coverage when taking COBRA, he does not have to fear that pre-existing conditions won't be covered.

"If at all possible, you do not want to go without health insurance," said Gada, adding that if COBRA or private health insurance is not possible, individuals should investigate government programs, such as Medicaid, veterans assistance benefits, or state and local health services that provide health insurance coverage on a needs basis.

Learning about Drug Assistance Programs and Generic Drugs

People who can't afford their medications may lower their doses or simply stop taking the medications. However, many drug companies and many states have programs that offer lower income individuals help in covering drug costs. Eligibility varies by manufacturer and from state to state. Allsup's Financial Matters offers links to resources for identifying specific drug assistance programs and state pharmaceutical assistance programs.

Switching to generic drugs also is worth investigating and can provide a 50 to 70 percent savings, according to the U.S. Food and Drug Administration. While generic drugs have the same active ingredients as their brand-name counterparts, the inactive ingredients can differ. Therefore, it's important for individuals to ask their doctor first if using a generic drug is an option.

Negotiating Healthcare Costs

Most individuals are reluctant to ask about medical costs - let alone try to get a healthcare provider to reduce the cost. Yet, this can yield results. Keep in mind that most providers are not getting paid their established fees by insurance companies. They are being reimbursed at a lower rate.

Gada encourages people to do their homework: know how much is going to be charged and then ask for a better price. Consumers should ask providers about reduced rates for procedures, and the availability of free financing or extended payment options. They also may want to shop around. For example, is there another hospital where they can get the same level of care at a lower cost?

Many health providers also honor health discount programs, which can offer 10 to 50 percent savings on various health services and healthcare-related products.

"It doesn't cost anything to ask, but it can cost a lot if you don't ask," said Gada. "When you have high healthcare costs and limited income, which is often the case for individuals with disabilities awaiting Medicare, you're really cheating yourself by keeping quiet."

About Allsup

Allsup, Belleville, Ill., is a leading nationwide provider of financial and healthcare-related services to people with disabilities. Founded in 1984, Allsup has helped more than 100,000 people receive their entitled Social Security Disability Insurance or Medicare benefits. Allsup employs about 500 professionals who deliver services directly to consumers and their families, or through their employers and long-term disability insurance carriers. For more information, visit www.Allsup.com.

Contact:
Mary Jung         
(773) 429-0940      
mtjung @ msn.com      

Dan Allsup
(800) 854-1418 ext 5760
djallsup @ allsupinc.com

Source

Washington Square Financial, LLC Announces Name Change to Imperial Structured Settlements, LLC

Thursday, September 25th, 2008 | Financial Press Release

BOCA RATON, Fla. (Business Wire EON/PRWEB ) September 18, 2008 --
Washington Square Financial, LLC, a leader in the advance funding
of structured
settlement
payment rights and assignable
annuities
, announces a name change to Imperial
Structured Settlements, LLC
. Along with the name change there are
exciting developments within the company that will be announced over the
upcoming months.

This change was brought along in order to
unify corporate branding, said Antony
Mitchell, CEO. We know that Imperial
Structured Settlements
will rapidly move to the forefront of the
industry, just as Imperials premium finance
division has. Our aim is to provide the best service in the marketplace.

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The company has been using the name Washington Square Financial since
its inception in September of 2007. Imperial Structured Settlements
will still provide the same services but will now fall under the
umbrella of Imperial
Finance & Trading, LLC
. For more information regarding Imperial
Finance & Trading
, please visit the corporate website at www.imprl.com.

The address, all phone numbers, and fax numbers will remain the same;
however the new website for Imperial Structured Settlements is www.ImperialStructuredSettlements.com.

About Imperial Structured Settlements, LLC

Imperial
Structured Settlements, LLC
is a specialty finance company that
purchases structured settlement payment rights and certain annuities
from individuals. People who settle a personal injury, wrongful
death,
or medical malpractice claim often receive their
payments from an insurance company over a predetermined period of time.
Imperial Structured Settlements, LLC is based in Boca Raton, Florida.
For further information, please visit our web site at www.ImperialStructuredSettlements.com.

For further information contact Darcy Sullivan at dsullivan@imprl.com
or (561) 995-4350.

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