You’ve likely had a friend or family member ask to borrow your car at some point. It’s a common favor among people who know and trust each other. But before handing over your keys, an important question arises: Will your car insurance cover the other driver if they aren’t listed on your policy? The answer … Read more
When reviewing health insurance options, you may come across plan names and acronyms that can be confusing. Anthem offers a type of plan called an HDHP PPO. What exactly does this mean? Below we’ll explain what an HDHP and PPO are, Anthem’s HDHP PPO plan details, how the coverage works, and who this type of … Read more
If you’ve ever filed an insurance claim for vehicle damage or property loss, you may have come across the term “betterment.” This refers to a betterment clause, which is a common provision in insurance policies. Below we explain what a betterment clause is, how it works, its purpose in insurance contracts, and what you need … Read more
When you purchase an insurance policy and pay your premiums each month, you know that part of that money goes to compensate the agent who sold you the policy. But what happens when you actually file a claim – does your agent also earn commission when they process your claim? This is a common question … Read more
Whole life insurance provides lifetime coverage along with a cash value savings component. This cash value can be accessed through withdrawals or policy loans while the insured is still living. But dipping into the available cash affects the other key policy value – the death benefit and face amount. Reducing cash value can shrink the … Read more
Medicare Advantage (also known as Medicare Part C) allows seniors to receive their Medicare benefits through private insurers. These plans include offerings like HMOs, PPOs, and others. But what exactly is included in a Medicare Advantage plan? What benefits, services, and costs should you expect? In this comprehensive guide, we’ll explain the key components included … Read more
Renters insurance provides protection for your personal belongings while you’re renting a home or apartment. If something happens like theft, fire, or water damage, renters insurance can help replace your items. But what happens when you buy a home – do past renters insurance claims follow you? The short answer is no, renters insurance claims … Read more
When you receive medical care, someone has to foot the bill. The entity that pays your medical costs is known as the insurance payer. Payers play a critical role in healthcare by providing coverage and reimbursing providers. But what exactly is an insurance payer? And what different types of payers are there? This article will … Read more
When choosing a health plan, you’ll often see references to HMOs and PPOs. Kaiser HMO plans are a type of health maintenance organization (HMO) coverage offered by Kaiser Permanente. HMOs like Kaiser provide coordinated care through a network of contracted providers. But what exactly does Kaiser HMO coverage include? This article will explain key features … Read more
The deductible is one of the most important parts of an insurance plan to understand. It refers to the amount you must pay out-of-pocket for covered health services before your insurance kicks in to start sharing costs. With a $2,000 deductible, for example, you would need to pay the first $2,000 of medical care expenses … Read more