Health Savings Accounts (HSAs) are a great way to save money tax-free for current and future healthcare expenses. One of the key benefits of an HSA is that funds can be used tax-free for a wide range of qualified medical expenses. But what exactly counts as a qualified expense for HSA purposes? This comprehensive guide … Read more
If you’ve shopped for insurance or filed a claim before, you’ve likely come across the term “insurance carrier.” But what exactly does it mean? What’s the difference between a carrier and other common insurance terms like provider, underwriter, or agent? This comprehensive guide will explain the meaning of insurance carrier and how carriers fit into … Read more
When enrolling in an Anthem Blue Cross health insurance plan in California, you’ll have the choice between HMO and PPO plans. But what exactly is the difference between Anthem’s HMO and PPO offerings? This guide will explain the key distinctions between Anthem Blue Cross HMO and PPO plans so you can determine which type of … Read more
If you have Medicare Part A and/or Part B, you may receive premium bills from Medicare on a regular basis. But how often does Medicare actually send out these bills for your monthly premium payments? The frequency of Medicare premium billing depends on a few factors: Whether you have Part A, Part B, or both … Read more
Having straight, healthy teeth is important, but orthodontic treatment like braces or Invisalign can be expensive. Using two dental insurance plans to cover orthodontics may help reduce the costs. This article explains how you can use two dental insurances for orthodontics. Overview of Orthodontic Insurance Coverage Orthodontic coverage is not automatically included in dental insurance … Read more
Kaiser Permanente and Anthem Blue Cross operate very different healthcare models, which leads many to wonder – does Kaiser Permanente accept Anthem Blue Cross insurance? The short answer is no. Kaiser Permanente only accepts its own insurance plans at its facilities and doctors’ offices. It does not accept Anthem Blue Cross plans. However, the healthcare … Read more
Loadings are extra charges added to insurance premiums to account for higher-than-expected risks. Loadings allow insurers to adjust pricing based on individual risk profiles. But how exactly do loadings work and when are they applied? What Is a Loading in Insurance? A loading is an additional premium charged to policyholders who are deemed higher risk … Read more
When you buy insurance, how is your premium or rate determined? Insurance companies use different methods of rating to calculate policy rates based on risk factors. The three primary methods of insurance rating are: Judgment rating Class rating Merit rating Understanding how these methods work can provide insight into why your insurance costs what it … Read more
If you work in insurance sales, you may have noticed the terms “insurance agent” and “insurance producer” used interchangeably. What exactly is the difference between the two titles? Do they refer to different roles? While there are some nuances, insurance agent and insurance producer largely refer to the same occupation. However, understanding the subtle differences … Read more
If you’re shopping for business insurance, you’ll likely come across both insurance carriers and insurance brokers. But what exactly is the difference between an insurance carrier and a broker? While they both play important roles in the insurance industry, carriers and brokers serve very different functions. Understanding how they differ is key to determining the … Read more