Regular exercise is crucial for maintaining good health. But gym memberships can get expensive. So will your health insurance through UMR help pay the costs? UMR, formerly United Medical Resources, is one of the largest third-party administrators of employer-funded health plans. They partner with UnitedHealthcare to provide coverage to over 2.6 million members. Below we’ll … Read more
Having health insurance is crucial in the Philippines to protect yourself and your family from the high costs of medical care. Many Filipinos rely on Health Maintenance Organizations (HMOs) as their primary form of health coverage. But is it possible to be covered by two HMOs at the same time for extra protection? The short … Read more
Life Insurance Corporation (LIC) of India is the country’s largest life insurer. Most Indians invest in LIC policies as they offer guaranteed returns along with life cover. One of the key benefits of LIC policies is the bonuses they accrue over time. But can policyholders withdraw these bonuses anytime they want? Let’s find out. What … Read more
When applying for various types of insurance, you may wonder – do insurance companies ask for proof of your occupation? The answer is, it depends on the type of insurance and the specific provider. For certain policies like disability or business insurance, verification of your occupation is often required. For other policies like auto or … Read more
When shopping for insurance, you may come across the terms “admitted” and “non-admitted” insurance carriers. This refers to a company’s status and certification under state regulations. So is Progressive, one of the largest auto and home insurers, an admitted or non-admitted carrier? The short answer is yes, Progressive is an admitted insurance company in all … Read more
When applying for insurance, you will often see a field on the application asking for your “relationship to policyholder”. This simply refers to your connection to the person purchasing and owning the policy. Understanding how to properly fill in this relationship information is key to ensuring you get the appropriate coverage. Who is the Policyholder? … Read more
Paying your monthly health insurance premiums on time is essential to keep your coverage active. But what if you miss a payment? Most health plans provide a grace period where you can catch up before your policy is terminated. However, failing to pay before the grace period expires can lead to loss of coverage. Understanding … Read more
Adverse selection is a significant risk for insurance companies. It occurs when high-risk applicants are able to obtain insurance coverage at rates that do not match their level of risk. This results in the insurance company taking on more risk than they anticipated. Fortunately, insurance companies have strategies to protect themselves from adverse selection. What … Read more
Long-term care insurance can be an excellent way to prepare for potential care needs later in life. However, it does come with a significant financial commitment. This leads many considering long-term care insurance to wonder – if I ultimately don’t end up needing care, will I have lost all the money I put into premiums? … Read more
If you’re a Progressive auto insurance customer, you may be wondering if there are any extra fees involved when it comes time to renew your policy. Paying annual auto insurance premiums is expensive enough without tacking on additional surprise charges and fees at renewal time. The good news is that Progressive does not charge any … Read more