Having health insurance is crucial in the Philippines to protect yourself and your family from the high costs of medical care. Many Filipinos rely on Health Maintenance Organizations (HMOs) as their primary form of health coverage. But is it possible to be covered by two HMOs at the same time for extra protection? The short … Read more
Regular exercise is crucial for maintaining good health. But gym memberships can get expensive. So will your health insurance through UMR help pay the costs? UMR, formerly United Medical Resources, is one of the largest third-party administrators of employer-funded health plans. They partner with UnitedHealthcare to provide coverage to over 2.6 million members. Below we’ll … Read more
Having both Medicare and Medicaid coverage can get confusing when it comes to filing insurance claims and getting paid. This is where a crossover only application comes in. But what exactly does this term mean? Below we’ll explain what a crossover only provider application is, who needs it, and how the claims crossover process works … Read more
Dealing with health insurance claims can be confusing and frustrating. When you need medical care, the last thing you want is a long, drawn-out claims process. So how long does it actually take Cigna to review and approve health insurance claims? Overview of the Cigna Claims Process Cigna is one of the largest health insurance … Read more
Asset allocation refers to how an investor divides their investment portfolio between different asset classes, such as stocks, bonds, and cash. Two common asset allocation strategies are the 70/30 and 80/20 models. But what exactly is the difference between these two approaches? Overview of Asset Allocation Strategies Asset allocation is a key part of creating … Read more
Insurance agents have the option to either work exclusively for a single insurance company or represent multiple insurance companies. The ability of an agent to work with multiple insurance providers depends on whether they are a captive agent or independent agent. Captive vs. Independent Insurance Agents There are two main types of insurance agents: Captive … Read more
Trustmark and Cigna are two separate companies that work together to provide health insurance and benefits services. However, Trustmark is not part of or owned by Cigna. Overview of Trustmark Trustmark is an insurance company that provides: Voluntary benefits like life, disability, and critical illness insurance Self-funded health plans for small businesses Wellness programs through … Read more
Health Maintenance Organizations (HMOs) have become an increasingly popular way to access healthcare in the Philippines. However, there is some confusion around whether getting an HMO plan is mandatory or optional. What is an HMO? A HMO is an organization that provides health insurance plans with coordinated care and controlled costs. HMOs bring together healthcare … Read more
A participating company is a type of insurer that offers participating policies. Participating policies, also known as with-profits policies, are insurance policies that pay dividends to policyholders. These dividends come from the profits earned by the insurance company. Overview of Participating Policies Participating policies have the following key features: Policyholders receive dividends: A portion of … Read more
Multiple protection coverage, also known as joint life insurance, provides protection for more than one person through a single policy. This type of coverage can provide important financial security for families and businesses partners. In this comprehensive guide, we’ll explore the key things you need to know about the types of multiple protection coverage available. … Read more