Medicare offers vital health coverage for Americans aged 65 and over. But higher-income seniors pay more for certain parts of Medicare based on their earnings. So what are the income limits before you’ll owe surcharges? Medicare uses a tiered system of income brackets to determine who pays standard premiums versus extra costs. The 2023 income … Read more
Medical costs can vary tremendously across different countries. Some nations provide universal health coverage to all citizens, while others have privatized models. When looking worldwide, which country has the most expensive health care system? The United States Has the Highest Health Expenditures The United States spends more on health care than any other country. According … Read more
Saving enough for retirement is one of the most important financial goals for many people. With people living longer than ever, retirement can last 20 years or more. Having adequate savings in your 401k and other accounts is crucial to maintaining your standard of living in retirement without outliving your money. So how much should … Read more
Your health, dental, vision, and other insurance cards contain important information like your name, the types of coverage you have, and contact details for your insurance provider. One key piece of information printed on insurance cards is the policy number. This unique identifier plays an important role in helping insurance companies track your policy, process … Read more
Original Medicare consists of Part A, which covers hospital services, and Part B, which covers outpatient services like doctor visits and medical equipment. Medicare establishes an approved amount it will pay for each Part B service. However, providers who do not accept Medicare assignment can charge up to 15% over this amount, known as excess … Read more
Producers and agents who sell Medicare supplement insurance or long-term care insurance have important requirements regarding replacement notices that must be provided to applicants. These notices ensure consumers understand the consequences of replacing an existing policy and prevent inappropriate replacements. Let’s take a closer look at when producers must deliver notices about replacement coverage. Medicare … Read more
Life insurance provides financial security and peace of mind for you and your loved ones. However, it’s estimated that over $1 billion in life insurance benefits go unclaimed each year because beneficiaries are unaware of existing policies. If you suspect there may be a life insurance policy with your name on it, there are steps … Read more
Property and casualty insurance provides protection against loss or damage to property as well as legal liability. Homeowners insurance, auto insurance, and business insurance are all common types of property and casualty coverage. The process of evaluating risks and determining appropriate premiums for property and casualty policies is known as underwriting. Below we’ll explain exactly … Read more
If you receive Medicare benefits and suffer injuries in an accident caused by someone else, you may be able to pursue compensation through a personal injury claim or lawsuit. However, if Medicare covered treatment for your accident-related injuries, they may seek reimbursement from any settlement you receive. So how much can Medicare take? Below we’ll … Read more
Insurance company failures can be distressing events for policyholders. However, safeguards exist to protect consumers if their insurer becomes insolvent. This article provides an overview of what happens when an insurance company fails and how states regulate and support policyholders when insolvencies occur. How Insurers Fall Into Financial Trouble Insurance companies can fail for several … Read more