Copays, along with premiums, deductibles, and coinsurance, make up the “cost sharing” aspects of Medicare. These out-of-pocket costs help fund Medicare and prevent overutilization of health services. But Medicare’s cost sharing structure can be confusing. Do you pay copays under Original Medicare or is it only with Medicare Advantage plans? And what’s the difference between … Read more
Covered California, the health insurance marketplace in California, has announced several changes for 2023. These changes aim to provide more affordable and accessible health coverage options for Californians. Here is an overview of the key updates: Expanded Insurance Carrier Options One of the biggest changes for 2023 is the expansion of insurance carrier options on … Read more
Supplemental Security Income (SSI) is a needs-based disability program run by the Social Security Administration (SSA). To qualify for SSI, you must have limited income and assets. This leads many SSI recipients to wonder – can I own more than one car and still receive benefits? The short answer is – maybe, but it’s complicated. … Read more
Buying a home is likely one of the biggest investments you’ll make in your lifetime. Protecting that investment with homeowners insurance is crucial. While the standard homeowners policy offers robust protections for your dwelling, belongings, loss of use and personal liability, there are additional optional coverages available for purchase. One such additional coverage is Coverage … Read more
Double billing is an unethical and illegal billing practice that unfortunately occurs far too often in the healthcare industry. It involves a healthcare provider attempting to collect payments twice for the same service rendered. This type of fraud drains billions from Medicare, Medicaid and private insurers each year. For patients, double billing can lead to … Read more
Purchasing life insurance is an important way to protect your loved ones financially in the event of your passing. However, life insurance policies sometimes get lost over time as policyholders change addresses, beneficiaries pass away, and records are misplaced. This can leave valuable policy benefits undiscovered and unclaimed upon the policyholder’s death. To address this … Read more
Salvasen Health burst onto the health insurance scene in 2020 with big promises of affordable, comprehensive health coverage. However, behind the glossy marketing was an illegal operation that left thousands of customers without the coverage they paid for. This article takes an in-depth look at Salvasen Health – who they were, how they operated, and … 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
Insurance companies make money by collecting more in premiums and investment income than they pay out in claims and expenses. Profitability depends on pricing policies correctly, managing risks and costs, and investing premium dollars wisely. Insurance companies aim for target profit margins but many factors influence the actual profits achieved. What Drives Profits for Insurance … Read more