Life insurance and death insurance are often used interchangeably, but there are some key differences between the two. While both provide financial protection for loved ones after someone passes away, they have different policy structures, benefits, and limitations. Understanding the distinctions can help you choose the right type of coverage for your needs and budget. … Read more
A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). HSAs allow you to set aside money on a pre-tax basis to pay for qualified medical expenses. Many people have questions about contributing to an HSA, especially whether … Read more
UnitedHealthcare offers a wide range of Medicare plans, including Medicare Advantage, Medicare Supplement, and Medicare Part D plans. A common question is whether you need to be an AARP member to enroll in UnitedHealthcare’s Medicare plans. The short answer is no, you do not need to be an AARP member to get Medicare coverage through … Read more
When reviewing your business or healthcare insurance policy, you may come across the term “aggregate limit.” This refers to a cap on the total payout that can be claimed within a set timeframe, usually annually. Understanding how aggregate limits work is key to ensuring your policy provides adequate protection. What is an Aggregate Limit? The … Read more
Medicare Part D provides prescription drug coverage for Medicare beneficiaries. While this coverage is optional, there are costs associated with enrolling in Part D plans. Understanding what you may have to pay can help you choose the right plan to fit your prescription needs and budget. Monthly Premiums Most Part D prescription drug plans charge … Read more
Many people nearing age 65 wonder if your Medicare account is the same thing as your Social Security account. The short answer is no – they are separate accounts. While Social Security and Medicare are closely related programs, they have distinct purposes, management and online accounts. This article will explain the key differences between your … Read more
You may be wondering if you can legally use another person’s address instead of your own when getting car insurance. The answer is no – using someone else’s address for your auto insurance policy is considered fraud. This article explains why people try using another address, the penalties if caught, and how insurers detect fraudulent … Read more
For many Americans, employer-sponsored health insurance is a major benefit. But how does paying for this coverage actually work? Is the cost of your health plan premium deducted from each paycheck? The short answer is – usually, yes. Most companies deduct all or a portion of health insurance premiums from employees’ paychecks on a pre-tax … Read more
Adding a driver to your State Farm auto insurance policy can increase your premium, but the amount will depend on several factors. Here’s what you need to know about how adding a driver impacts your State Farm car insurance rates. Who Needs to Be Listed on Your Policy Any licensed driver who uses your insured … Read more
Accepting a higher deductible on your insurance policy is one of the most effective ways to reduce your premium costs. But what exactly is a deductible, and how much can you save by raising it? This article will explain everything you need to know about insurance deductibles, including how they work, what factors determine the … Read more