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
Health insurance plans often have both deductibles and copays as forms of cost-sharing. This can lead to confusion over whether you still owe copays once your deductible is satisfied for the year. The short answer is yes – you generally continue paying any applicable copays even after meeting your deductible. Understanding the ongoing nature of … Read more
Coinsurance is one of the most confusing parts of health insurance. You pay a premium every month, but then there are deductibles, copays, and coinsurance too. It can get complicated quickly. One common coinsurance question is: what does 0% coinsurance mean after you meet your deductible? Let’s break it down step-by-step so you know exactly … 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
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