A health insurance deductible can be one of the most confusing parts of selecting and using a health insurance plan. Unlike other common insurance terms like premium and copay, deductible is less straightforward. One key question many people have is: Is a deductible paid all at once? The short answer is no—fortunately you don’t have … Read more
Every year, the Centers for Medicare & Medicaid Services (CMS) issues an Inpatient Prospective Payment System (IPPS) final rule to update Medicare payment policies, rates, and quality programs for acute care hospitals. This comprehensive rulemaking process allows CMS to adapt hospital payments to changing costs, technologies, regulations, legislation, and quality improvement priorities. On August 1, … Read more
If you’re shopping for specialty insurance like mobile home or motorcycle coverage, you may come across Foremost Insurance. This company provides policies for RVs, boats, manufactured homes, motorcycles, and other recreational vehicles. But you may notice Foremost’s website and materials mention an affiliation with Farmers Insurance. So are Foremost and Farmers the same company? Or … Read more
Voluntary employee life insurance offered by employers can be a convenient and affordable way to supplement your existing coverage. But is this type of group life insurance really worth it for you? This comprehensive guide examines the pros and cons of voluntary life insurance to help you decide if it should be part of your … Read more
Healthcare financing in the United States involves a mix of private and public funding through employers, government programs, and out-of-pocket payments by individuals. But there is ongoing debate around who should bear the costs of healthcare. This article examines the current US healthcare funding model, its pros and cons, and arguments around who should foot … Read more
When it comes time to choose a health insurance plan, you’ll likely come across acronyms like HSA and EPO. These stand for Health Savings Account and Exclusive Provider Organization. They are two common types of health plans that have some key differences. In this comprehensive guide, we’ll explain what you need to know about HSA … Read more
Trying to navigate the Obamacare health insurance marketplace on your own can be confusing and time-consuming. You may wonder if working with an insurance broker could make the process easier. In this comprehensive guide, we’ll explain: What an insurance broker is How brokers can assist with ACA enrollment Key benefits of using a broker for … Read more
Founded in 1912, Liberty Mutual has grown into one of the largest property and casualty insurers in the world. Aside from the flagship Liberty Mutual brand, the company owns or controls several other insurance carriers. In this comprehensive guide, we’ll cover: A brief background on Liberty Mutual Full list of insurance companies owned by Liberty … Read more
Purchasing life insurance is an important way to protect your loved ones financially in the event of your death. When you buy a life insurance policy, you name one or more beneficiaries who will receive the death benefit payout when you pass away. But what if your beneficiary dies before you do? This situation may … Read more
Medicare is a federal health insurance program that provides coverage for people aged 65 and older as well as some younger individuals with disabilities. The various parts of Medicare help cover specific healthcare costs and services. Two components that often cause confusion are Medicare Part C and Part G. This guide will explain: What Part … Read more