Many people new to Medicare are unsure about how the deductible works – do you have to pay it upfront when you get care? Or does Medicare pay its share first? Understanding Medicare’s deductible policies can help you better budget for health expenses. What is the Medicare Deductible? The Medicare deductible is the amount you … Read more
The claim amount is one of the most important aspects of an insurance policy. But what exactly does it mean? This comprehensive guide will explain everything you need to know about insurance claim amounts. What is a Claim Amount? The claim amount refers to the money paid out by an insurance company to the policyholder … Read more
Selling insurance independently can be an attractive career path for those looking to be their own boss and benefit from the flexibility and earning potential of working for themselves. But is it possible to sell insurance on your own outside of working for a larger insurance company? The short answer is yes! You absolutely can … Read more
For most types of life insurance, the policy has a set end date known as the maturity date. When a life insurance policy reaches maturity, the policy ends and a payout is made to the policy owner. But what exactly happens at maturity, and what should you expect? Below we’ll look at how maturity works … Read more
Getting pregnant can be an exciting time, but it also brings many practical considerations – including your health insurance coverage. Pregnancy care and childbirth costs can be expensive, so having sufficient coverage is crucial. Two common insurance plan types many pregnant women consider are PPOs and HDHPs. But when it comes to pregnancy, which option … Read more
Insurance audits are a regular part of doing business for many companies. But how far back can an insurer legally audit your records? Here’s what you need to know about insurance audits, including how long records must be kept and maintained. What is an Insurance Audit? An insurance audit is a review of a policyholder’s … Read more
Online only insurance policies allow customers to purchase insurance coverage entirely over the internet, without interacting with an insurance agent. While online insurance options have existed for over two decades, they have exploded in popularity in recent years. In this comprehensive guide, we will explain everything you need to know about online only insurance, including: … Read more
Experiencing an accident can be traumatic and lead to unexpected expenses. When another party is at fault for your injuries or damages, you have the right to pursue compensation through an insurance claim or personal injury lawsuit. However, this process raises an important question – can you claim twice for the same accident? The short … Read more
When you get added as an additional insured on someone else’s insurance policy, you gain certain protections and rights under that coverage. However, these rights are limited compared to being the named policyholder. Understanding exactly what an additional insured is entitled to – and not entitled to – is important for managing risk. Who Is … Read more
If you have a Medicare Supplement (Medigap) policy and are moving, one key question is whether you need to also switch to a new Medigap plan. The good news is that in most cases, you can keep your same Medicare Supplement coverage when relocating. However, there are some important factors to consider regarding your Medigap … Read more