Preferred provider organization (PPO) plans are a popular type of health insurance in the United States. PPO plans offer flexibility in choosing healthcare providers while also providing access to discounted rates through a network of preferred providers. As healthcare costs continue to rise, many people are looking for ways to save money on their medical … Read more
When it comes to health insurance, HMO and PPO are two common plan types you’ll encounter. But what exactly do they mean and what are the key differences between HMO and PPO plans? This comprehensive guide will explain what you need to know. HMO Plans HMO stands for “Health Maintenance Organization.” With an HMO plan, … Read more
Understanding how deductibles and out-of-pocket maximums work with your health insurance plan is key to knowing what to expect to pay when you need medical care. Meeting your annual deductible is a common occurrence for many people. But reaching your out-of-pocket maximum generally only happens in years when you have significant medical expenses. So what … Read more
UnitedHealthcare and Freedom Life Insurance Company have an affiliation through their parent organization USHEALTH Group. Freedom Life Insurance operates as a subsidiary of USHEALTH Group, which is a UnitedHealthcare company. While this relationship exists, it’s important to understand the structure and operations of each company. This article will explain the connection between UnitedHealthcare, USHEALTH Group, … Read more
If you participate in a medical flexible spending account (FSA) through your employer, you’ll be happy to know the contribution limit is increasing for 2023. The IRS recently announced cost-of-living adjustments that include a boost to the maximum amount you can contribute pre-tax to a medical FSA. Understanding the new 2023 FSA limits can help … Read more
Mold can be a serious problem in any home. Not only can it damage your property, but it can also lead to health issues for you and your family. That’s why it’s important to understand your homeowners insurance policy’s coverage when it comes to mold. What Is Mold? Mold is a type of fungus that … Read more
Finding out that Medicare has denied a claim for medical services can be stressful and confusing. As a Medicare beneficiary, you want to receive the health services you need. But you don’t want to be stuck with a big bill if Medicare refuses to pay. This article will explain what happens when Medicare denies a … Read more
Long-term care insurance can be an important component of planning for future care needs. But paying ongoing premiums for a policy can seem burdensome. Many people wonder – can you pay for long-term care insurance upfront in a lump sum rather than paying premiums for life? The answer is yes, some long-term care insurance policies … Read more
Over-the-counter (OTC) benefit cards have become a popular addition to many Medicare Advantage plans in recent years. These prepaid debit cards give members a quarterly or monthly allowance that can be used to purchase approved OTC health and wellness products. If you have an OTC card, you may be wondering – what can I actually … Read more
When selecting health insurance, two popular options are health savings accounts (HSAs) and health maintenance organizations (HMOs). But why choose an HSA over an HMO? While both can help lower your healthcare costs, HSAs and HMOs work very differently. Understanding the key differences between these two account types can help you determine which offers the … Read more