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
Paying insurance premiums on time is crucial to keeping your policy active and avoiding a lapse in coverage. But life happens, and you may occasionally miss a payment. So how long after the due date can your insurer cancel your policy if you don’t pay? The answer depends on a few key factors: The type … Read more
Purchasing life insurance is an important way to protect your loved ones financially in the event of your passing. However, life insurance policies sometimes get lost over time as policyholders change addresses, beneficiaries pass away, and records are misplaced. This can leave valuable policy benefits undiscovered and unclaimed upon the policyholder’s death. To address this … Read more
Salvasen Health burst onto the health insurance scene in 2020 with big promises of affordable, comprehensive health coverage. However, behind the glossy marketing was an illegal operation that left thousands of customers without the coverage they paid for. This article takes an in-depth look at Salvasen Health – who they were, how they operated, and … Read more
If you’re looking for maximum protection for your vehicle, Churchill Comprehensive Plus is the company’s top-tier car insurance package. This policy goes beyond standard comprehensive coverage to provide additional benefits and higher limits. In this comprehensive guide, we’ll explain everything you need to know about Churchill Comprehensive Plus: Key features and benefits What’s included vs … Read more
Insurance companies provide a vital service by managing risk and providing financial protection. But how exactly do they bring in the income to sustain their large and complex operations? There are two primary revenue streams that allow insurers to remain profitable enterprises: Premiums Investment income By understanding these dual income sources, you’ll gain insight into … Read more
Getting your vehicle declared a total loss after an accident is often an frustrating and stressful process. You have to go through your insurance company’s evaluation to determine if your car is repairable or not. If they do deem your vehicle a total loss, you then have to negotiate a fair settlement amount with the … Read more
Copays, along with premiums, deductibles, and coinsurance, make up the “cost sharing” aspects of Medicare. These out-of-pocket costs help fund Medicare and prevent overutilization of health services. But Medicare’s cost sharing structure can be confusing. Do you pay copays under Original Medicare or is it only with Medicare Advantage plans? And what’s the difference between … Read more