Getting notice that your insurance company intends to cancel your policy can be stressful and disruptive. Most states have laws regulating how much advance warning insurers must provide policyholders before dropping their coverage. This article examines the typical cancellation notice periods for different insurance policies and what steps you can take if your insurer moves … 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
Medicare Supplement insurance, also called Medigap, is private insurance designed to help fill coverage gaps in Original Medicare. These policies pay for certain out-of-pocket costs not covered by Medicare Parts A and B. Medigap helps supplement Original Medicare benefits, which is why it’s referred to as Medicare Supplement insurance. But what exactly are the key … Read more
Insurance is divided into different classes based on the type of risk being covered. The main classes of insurance include property, casualty, life, health, and business insurance. Understanding the different insurance classes can help you determine the right type of policy for your needs. Property Insurance Property insurance protects physical assets like homes, cars, boats, … Read more
Lending your car to a friend or family member is often an act of kindness and convenience. However, it can also lead to complications when it comes to your car insurance coverage. Here’s a comprehensive guide on how insurance works when you let someone else drive your car. Your Insurance Is Primary The most important … Read more
Managed care refers to a variety of methods and systems that are intended to control healthcare costs and utilization. There are several different managed care models that organize provider networks, member services, and reimbursement approaches in order to manage the cost, quality, and access to healthcare. The six main types of managed care models include: … Read more
It’s becoming increasingly common for employers to inquire about a spouse’s access to health insurance. With rising healthcare costs, some companies are looking to trim expenses by limiting coverage for spouses who could get insurance through their own job. So can your employer actually ask about your spouse’s insurance when you enroll in workplace benefits? … Read more
Getting car insurance can be tricky when you’re in a relationship but not married. You may be wondering if you can add your boyfriend, girlfriend, fiancé, or domestic partner to your policy if you don’t have a marriage certificate. The good news is, most car insurance companies allow unmarried couples to get a joint policy, … Read more