The US healthcare system is complex, with many different organizations and individuals playing important roles. Though the system has significant problems with cost, quality, and equity, major shifts over the past decade are leading healthcare organizations to focus more on keeping people healthy rather than just treating illness. Understanding the key players and their incentives … Read more
Health Savings Accounts (HSAs) are a powerful savings tool that allow you to set aside pre-tax or tax-deductible funds for medical expenses. Many HSA providers issue a debit card that offers convenient access to your HSA balance. A common question is whether this HSA debit card can be used at ATMs. The short answer is … Read more
Costco Wholesale is known for providing exceptional benefits, including health insurance coverage, for its employees. Compared to many other major retailers, Costco employees get comprehensive health benefits at very low personal cost. Costco Health Benefits Overview Costco offers health insurance options that include: Medical plans Dental plans Vision plans Prescription drug coverage Mental health benefits … Read more
Hold harmless agreements and waivers of liability are common risk management tools used in business contracts and agreements. But what exactly is the difference between the two? While they share some similarities, hold harmless clauses and liability waivers have distinct purposes. Understanding when to use each type of agreement can help protect your business interests … Read more
Understanding how coinsurance works with your health insurance deductible is key to estimating your potential out-of-pocket costs. Coinsurance is the percentage you pay for covered medical services after reaching your deductible. So what does 50% coinsurance after deductible mean for your specific health plan? Coinsurance Basics First, let’s review some key terms: Coinsurance – The … Read more
Medicare Advantage plans are private health insurance plans that provide Medicare benefits to beneficiaries who enroll in them. The government pays Medicare Advantage plans a set amount per enrollee per month to provide coverage. This payment system is different from traditional Medicare, where the government pays healthcare providers directly for each service rendered. Understanding how … Read more
Having health insurance is crucial for getting access to healthcare and managing costs. But what if you don’t have a Social Security Number (SSN) and instead have an Individual Taxpayer Identification Number (ITIN)? Can you still get health insurance? The short answer is – yes, in most cases you can get health insurance with an … Read more
Kemper is a national auto insurance provider that offers policies in all 50 states. While the company specializes in high-risk drivers, they also provide insurance for regular drivers as well. If you currently have a car insurance policy through Kemper but want to cancel it, there are a few simple steps you need to take. … Read more
UnitedHealthcare offers a wide range of health insurance plans to employers, individuals, and families. One popular option is the Choice Plus plan, which provides flexible coverage and access to the large UnitedHealthcare network. But is Choice Plus considered a commercial insurance plan? The short answer is yes. UnitedHealthcare Choice Plus is a type of commercial … Read more
When you visit a doctor or hospital that is in-network with your health insurance plan, you typically pay a set copayment or coinsurance amount for covered services. But sometimes patients get hit with unexpected higher bills from out-of-network providers, even at in-network facilities. This practice is known as “balance billing” and is illegal in many … Read more