Medicaid and Health Savings Accounts (HSAs) are two different healthcare programs that serve different purposes. However, their eligibility requirements overlap in a way that affects whether someone on Medicaid can contribute to an HSA. What is Medicaid? Medicaid is a public healthcare program that provides health coverage to low-income individuals and families. It is jointly … Read more
Claims adjustment is the process of investigating, evaluating, and settling insurance claims. The purpose is to determine if the insurance company is liable for a loss under the terms of its policy and if so, what amount should be paid to the policyholder. Claims adjusters play a vital role in this process. Who Are Claims … Read more
UnitedHealthcare is one of the largest health insurance providers in the United States and also offers coverage options for residents of Puerto Rico. Here is an overview of UnitedHealthcare’s presence in Puerto Rico and details on plan options, provider networks, and how to get the most out of your UnitedHealthcare health plan if you live … Read more
Bankers Standard Insurance Company is indeed part of the Chubb Group of insurance companies. Headquartered in Philadelphia, Bankers Standard has been a Chubb subsidiary since 1998 and is licensed to provide property and casualty insurance across all 50 states and the District of Columbia. Overview of Bankers Standard Insurance Company Bankers Standard Insurance Company was … Read more
A payment of premium provision refers to the section in an insurance policy that outlines the policyholder’s responsibilities and options for paying their insurance premiums to maintain coverage. The provision specifies key details like: When premiums are due How premiums can be paid Grace periods for late payments Consequences for non-payment Understanding the payment of … Read more
Having to replace your roof can be an unexpected and costly home repair. That’s why many homeowners want to know – does Safeco insurance cover roof replacement? The short answer is yes, a Safeco homeowners insurance policy can provide coverage for roof replacement in the event of a covered loss like wind, hail, or other … Read more
Opening up your winter coat to find holes eaten through the wool or discovering your favorite cashmere sweater riddled with tiny holes is disheartening. The damage is likely the work of clothes moths – a pesky pest that can ruin fabrics and textiles around your home. But will your homeowners insurance policy cover the cost … Read more
If you’ve ever filed an insurance claim, you may have wondered – do insurance companies share information about claims with each other? Can details about your claim history impact your rates and coverage with other insurers down the road? The short answer is yes – insurance companies do communicate information about customer claims amongst themselves, … Read more
Paying your insurance premiums on time is crucial to keep your policy active and maintain coverage. Insurance companies provide policyholders several options when it comes to how and when you pay your premiums. Below are the main methods of payment for insurance premiums. Modes of Premium Payment The mode of payment refers to the frequency … Read more
When researching business insurance policies, you may come across terms like “general aggregate” and “umbrella coverage” used in relation to liability protection. But what do these terms actually mean, and are general aggregate and umbrella coverage referring to the same thing? The short answer is no – general aggregate and umbrella are two distinct concepts … Read more