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
For many Americans, employer-sponsored health insurance is a major benefit. But how does paying for this coverage actually work? Is the cost of your health plan premium deducted from each paycheck? The short answer is – usually, yes. Most companies deduct all or a portion of health insurance premiums from employees’ paychecks on a pre-tax … Read more
Adding a driver to your State Farm auto insurance policy can increase your premium, but the amount will depend on several factors. Here’s what you need to know about how adding a driver impacts your State Farm car insurance rates. Who Needs to Be Listed on Your Policy Any licensed driver who uses your insured … Read more
Accepting a higher deductible on your insurance policy is one of the most effective ways to reduce your premium costs. But what exactly is a deductible, and how much can you save by raising it? This article will explain everything you need to know about insurance deductibles, including how they work, what factors determine the … Read more
Paying insurance premiums on time is crucial to keeping your policy active and avoiding a lapse in coverage. But life happens, and you may occasionally miss a payment. So how long after the due date can your insurer cancel your policy if you don’t pay? The answer depends on a few key factors: The type … Read more
If you’re looking for maximum protection for your vehicle, Churchill Comprehensive Plus is the company’s top-tier car insurance package. This policy goes beyond standard comprehensive coverage to provide additional benefits and higher limits. In this comprehensive guide, we’ll explain everything you need to know about Churchill Comprehensive Plus: Key features and benefits What’s included vs … Read more
Insurance companies provide a vital service by managing risk and providing financial protection. But how exactly do they bring in the income to sustain their large and complex operations? There are two primary revenue streams that allow insurers to remain profitable enterprises: Premiums Investment income By understanding these dual income sources, you’ll gain insight into … Read more
Getting your vehicle declared a total loss after an accident is often an frustrating and stressful process. You have to go through your insurance company’s evaluation to determine if your car is repairable or not. If they do deem your vehicle a total loss, you then have to negotiate a fair settlement amount with the … Read more