When it comes to health insurance, understanding the different plan types can be confusing. UHC Choice Plus is a common insurance plan offered by many employers. But is it a PPO or POS plan? What exactly is the difference between PPO and POS anyway? This comprehensive guide examines UHC Choice Plus and explains how to … Read more
Having vision insurance can provide great savings on eye exams, glasses, and contact lenses. But what if you’re covered under two separate vision plans? Is it possible to use both vision insurance plans to maximize your eyecare benefits? The answer is yes! With proper coordination, you can often combine two vision insurance plans to get … Read more
Once you enroll in Medicare, premiums are deducted from your Social Security payments for Part B and Part D coverage. A common question is whether these Medicare premium deductions lower the amount of your Social Security income that is subject to federal income taxes. The short answer is no – paying Medicare premiums does not … Read more
You’ve been diligently paying LIC premiums for years, and now your policy term is finally up. It’s time to get the matured amount – but how exactly do you claim and receive your LIC money after maturity? Claiming your Life Insurance Corporation (LIC) maturity proceeds involves submitting documents, filling forms, and following some important steps. … Read more
When it comes to insurance terminology, the terms “policyholder” and “subscriber” are often used interchangeably. However, there are some key differences between the two that are important to understand. What is a Policyholder? A policyholder is the person who owns an insurance policy. They are the individual who purchased the policy directly from the insurance … Read more
Tax Deduction at Source (TDS) is a system where the payer deducts tax on specified payments at the time of credit or payment. This acts as a prepaid tax mechanism for the government. TDS applies to various expense categories, including insurance premiums in certain cases. This comprehensive guide will cover: What types of insurance attract … Read more
You may have noticed a series of letters and numbers labeled “CIN” on your health insurance card. But what does this identification number mean and why is it important? The CIN stands for Client Identification Number. It is a unique ID assigned to individuals who have Medicaid health insurance. This comprehensive guide will explain: What … Read more
Insurer concurrence refers to a situation where two or more insurance policies provide coverage for the same risk during the same time period. It is a common practice for policyholders to take out multiple policies to get additional protection beyond their primary coverage. However, having overlapping policies can lead to disputes over which insurer is … Read more
If you’ve shopped for health insurance or researched plans offered by your employer, you’ve likely come across the terms “rate” and “premium.” At first glance, these two words seem interchangeable. However, rates and premiums refer to distinct aspects of health insurance pricing. Understanding the difference between insurance rates and premiums enables you to make apples-to-apples … Read more
Health insurance can be confusing, with many different plan types using terms that all sound similar. Two options you may come across are PPO and Choice Plus plans. Although they have some overlap, there are key differences between PPO and Choice Plus that impact costs, provider choice, and how you access care. This comprehensive guide … Read more