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
Having health insurance is supposed to make healthcare more affordable. But it’s not uncommon for hospitals to charge insured patients more for the same procedures than uninsured patients pay in cash. Why does this backwards-seeming practice happen? The Role of Chargemasters Part of the reason lies in hospital chargemasters. These are comprehensive lists of prices … Read more
Purchasing auto insurance can be confusing, especially when multiple drivers share a vehicle. Is it possible for two people to insure the same car? What are the pros and cons? This guide will explain when and how two people can insure the same vehicle. Is It Legal to Jointly Insure a Car? Yes, it is … Read more
Health insurance cards contain several numbers and codes that identify you as a member and provide important details about your coverage. Two common ID numbers on insurance cards are policy numbers and member ID numbers. Are they the same thing? Or do these numbers serve different purposes? Understanding how to read your insurance card is … Read more
Medicare and WellCare are both health insurance programs, but they have some key differences. This article will explain what each program is, how they work, and the main differences between the two. What is Medicare? Medicare is a federal health insurance program for people aged 65 and older, as well as some younger people with … Read more
Pennie is Pennsylvania’s health insurance marketplace where residents can shop for affordable health and dental coverage and enroll in financial assistance programs. This article provides an overview of what Pennie is, how it works, who is eligible, and what health insurance options are available. What is Pennie? Pennie stands for “Pennsylvania Heath Insurance Exchange.” It … Read more
Medicare beneficiaries interested in Medicare Advantage plans sometimes wonder if they can enroll in more than one plan at the same time. The short answer is no – you can only be enrolled in one Medicare Advantage plan at a given time. Here’s an overview of the rules around multiple Medicare Advantage plan enrollment and … Read more
Having multiple health insurance plans can get confusing when it comes to who pays what. Specifically, many wonder if they can use their secondary insurance to cover copays required by their primary insurer. Unfortunately, the coordination of benefits rules do not allow billing a secondary plan for the primary’s copay. This article provides an overview … Read more
Builder’s risk insurance protects construction projects while they are underway. It covers damage from perils like fire, theft, storms, and more. While the property owner or general contractor typically purchases the policy, others involved in the project can request to be added as additional insureds. Being named as an additional insured on the builder’s risk … Read more