Understanding key insurance terms like “allowed amount” and “paid amount” can help you better navigate your health coverage. While these two amounts are related, they have distinct definitions when it comes to how your claim is processed. This article will explain allowed amount versus paid amount, how they impact your out-of-pocket costs, and why you … Read more
Dental implants can greatly improve seniors’ quality of life. However, the high cost often deters seniors from getting implants. This leads many to wonder – does Medicare pay for implants for seniors? Unfortunately, original Medicare does not cover routine dental care, including implants. However, seniors have options to get coverage for implants through Medicare Advantage … Read more
Moving to Canada is an exciting prospect for many people around the world. With its beautiful landscapes, welcoming society, and abundant opportunities, it’s no wonder that Canada continues to be a top destination for immigrants. However, before you can begin your new life in Canada, there are some important financial considerations to make. Immigrating to … Read more
Coinsurance is a common clause in commercial and residential property insurance policies. It requires the policyholder to insure their property to a specified percentage of its replacement value. The most common coinsurance percentage is 80%. So what exactly does 80 coinsurance mean for your property insurance coverage? What is coinsurance? Coinsurance is a provision in … Read more
On a life insurance policy, the insured is the person whose life is being covered. The owner controls the policy and makes decisions about it. Oftentimes, the insured and owner are the same individual. But they can also be different people. So can the insured be the owner of their own life insurance policy? The … Read more
Life insurance and death insurance are often used interchangeably, but there are some key differences between the two. While both provide financial protection for loved ones after someone passes away, they have different policy structures, benefits, and limitations. Understanding the distinctions can help you choose the right type of coverage for your needs and budget. … Read more
A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). HSAs allow you to set aside money on a pre-tax basis to pay for qualified medical expenses. Many people have questions about contributing to an HSA, especially whether … Read more
Medicare Part D provides prescription drug coverage for Medicare beneficiaries. While this coverage is optional, there are costs associated with enrolling in Part D plans. Understanding what you may have to pay can help you choose the right plan to fit your prescription needs and budget. Monthly Premiums Most Part D prescription drug plans charge … Read more
Many people nearing age 65 wonder if your Medicare account is the same thing as your Social Security account. The short answer is no – they are separate accounts. While Social Security and Medicare are closely related programs, they have distinct purposes, management and online accounts. This article will explain the key differences between your … Read more
You may be wondering if you can legally use another person’s address instead of your own when getting car insurance. The answer is no – using someone else’s address for your auto insurance policy is considered fraud. This article explains why people try using another address, the penalties if caught, and how insurers detect fraudulent … Read more