Life insurance plays an important role in financial planning for many individuals and families. It provides a tax-advantaged way to leave an inheritance, fund estate taxes, support dependents and more. A common strategy is transferring ownership of an existing life insurance policy to an irrevocable life insurance trust or another party. But does transferring a … Read more
The Centers for Medicare & Medicaid Services (CMS) oversees various healthcare regulations and requirements for providers participating in Medicare and Medicaid programs. During the COVID-19 pandemic, CMS instituted vaccine mandates for healthcare staff in many facilities. However, CMS has now ended this federal vaccine mandate as of 2023. Below we’ll cover the background on CMS’ … Read more
Providing quality health insurance for yourself and your employees is crucial for any business. But the rules around who can receive tax-free health benefits vary depending on your corporate structure. Specifically, C corporations have unique advantages when it comes to deducting health insurance costs for owners and shareholders. In this comprehensive guide, we’ll explain how … Read more
The insurance industry in India has seen rapid growth in the last few years. To further increase insurance penetration in the country, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new distribution model in 2015. This model gave rise to Point of Sale Persons (PoSPs) as a new category of insurance distributors. … Read more
Medicare undergoes changes each year to adjust costs, benefits, and coverage. However, 2023 marks one of the most significant years for adjustments to the Medicare program. This article will explain the most notable Medicare rule changes going into effect in 2023. Part A Cost Changes Medicare Part A covers hospital insurance services, including inpatient hospital … Read more
Blue Shield of California offers a variety of health insurance plans to meet the diverse needs of individuals, families, and employers across the state. Two of their most popular HMO (Health Maintenance Organization) plans are the Trio HMO and Access+ HMO. But what exactly is the difference between these two plans? In this comprehensive guide, … Read more
UnitedHealthcare and WellMed Medical Management have an affiliation through which WellMed manages certain administrative services for UnitedHealthcare Medicare Advantage plans in select states. However, WellMed operates as a separate company from UnitedHealthcare with its own provider network and clinical services. Below we’ll explain the relationship between WellMed and UnitedHealthcare, how they collaborate on Medicare Advantage … Read more
Having health insurance protects you and your family by providing coverage for medical expenses. But what if you are in a committed relationship without being legally married? Does your partner still qualify for insurance benefits? The answer depends on your state’s laws and your employer’s policies on domestic partner coverage. Here’s what you need to … Read more
Filing taxes can be confusing, especially when tax laws change from year to year. One important decision for seniors is whether to take the standard deduction or itemize deductions on their tax return. For 2023, the standard deduction amounts have increased. Additionally, if you are 65 or older, you may qualify for a higher standard … Read more
When researching insurance options to protect your business or personal assets, you may come across terms like “third party liability” and “public liability” coverage. This raises the question – are these the same type of insurance or are there key differences? Understanding what each covers and when they overlap or diverge is important in assembling … Read more