It is possible to have coverage under two different health insurance plans in California. This situation is known as “dual coverage” and often happens when a spouse has health insurance through their employer in addition to the primary policyholder’s coverage. California allows coordination of benefits between group health plans to provide more complete coverage. However, … Read more
CoreSource is a subsidiary of Trustmark, a large insurance and benefits company based in Illinois. CoreSource offers a range of health insurance administration services and products focused on employers. Below is an overview of the types of insurance and services that CoreSource provides. About CoreSource CoreSource is a benefits administration and healthcare management company headquartered … Read more
Health savings accounts (HSAs) allow individuals to set aside pre-tax funds to pay for qualified medical expenses. Many people utilize HSAs to help cover the costs of medications, doctor visits, and other common healthcare needs. However, when it comes to less traditional expenses like protein bars and powders, the rules become more nuanced. Understanding what … Read more
If you have a whole life insurance policy, you may have come across the term “endow at 100” and wondered what it means. Endowing at a certain age is a feature of some types of permanent life insurance policies. When you buy a whole life insurance policy, you are purchasing lifetime coverage. As long as … Read more
If you are enrolled in Medicare, you may notice that you have been issued 2 different Medicare cards with 2 different Medicare numbers. This can understandably cause confusion, as most people expect to only have one Medicare number. In fact, there are certain situations where it is perfectly normal for a Medicare beneficiary to have … Read more
If you have property insurance such as homeowners, commercial property, or flood insurance, you have likely come across the term “did over should” when discussing claims and payouts. This refers to the coinsurance formula that is applied when determining claim payments. Coinsurance is an important provision in property insurance policies. It encourages policyholders to insure … Read more
Allstate is known for its captive agency force of exclusive agents who only sell Allstate insurance products. However, Allstate also maintains an independent agency program that appoints independent agents to represent the company. So the short answer is yes, Allstate does appoint independent agents, but with some caveats. A Brief History of Allstate’s Independent Agency … Read more
Fronting and reinsurance are two common arrangements in the insurance industry. While they share some similarities, there are important differences between these structures. Understanding fronting vs. reinsurance helps explain the purpose and mechanics of each. What is Fronting? Fronting refers to when one insurance company (the fronting company) issues an insurance policy, then transfers all … Read more
At some point, many of us find ourselves dissatisfied with aspects of our life. We fantasize about starting over, pursuing long-held dreams, or making a dramatic change. But change, especially substantial change, can be daunting. If you want to keep your current life situation largely intact, is that possible? Or does meaningful change require letting … Read more
Geico is one of the largest auto insurance providers in the United States. The company is known for its popular mascot, the gecko, and memorable advertising slogans like “15 minutes could save you 15% or more on car insurance.” While Geico offers competitive rates and extensive coverage options, one thing that sets them apart from … Read more