Seeing terms like “30 after deductible” on your health plan documents can be confusing. What do these numbers actually mean and how do they impact what you pay for healthcare? The “30 after deductible” refers to your coinsurance – the percentage you pay for care after meeting your deductible. Let’s break down what this means … Read more
The policy number is one of the most important pieces of information on a Kaiser Permanente insurance card. This number uniquely identifies the member’s health plan coverage. Knowing how to find and use the policy number is critical for accessing care and managing healthcare benefits. What Exactly is a Policy Number? The policy number, also … Read more
Coinsurance is a common provision in commercial property insurance policies that requires the insured to carry a certain amount of coverage relative to the total value of their insured property. If the insured’s coverage limit falls short of the required coinsurance percentage, claims payments can be reduced. But does the coinsurance penalty apply when claims … Read more
Fronting and reinsurance are two common arrangements in the insurance industry. While they share some similarities, there are important differences between these structures. Understanding fronting vs. reinsurance helps explain the purpose and mechanics of each. What is Fronting? Fronting refers to when one insurance company (the fronting company) issues an insurance policy, then transfers all … Read more
At some point, many of us find ourselves dissatisfied with aspects of our life. We fantasize about starting over, pursuing long-held dreams, or making a dramatic change. But change, especially substantial change, can be daunting. If you want to keep your current life situation largely intact, is that possible? Or does meaningful change require letting … Read more
Geico is one of the largest auto insurance providers in the United States. The company is known for its popular mascot, the gecko, and memorable advertising slogans like “15 minutes could save you 15% or more on car insurance.” While Geico offers competitive rates and extensive coverage options, one thing that sets them apart from … Read more
Florida Blue and myBlue are both popular health insurance options in Florida, but they have some key differences in terms of plan types, provider networks, and costs. Understanding these differences can help you determine which type of plan may be a better fit for your needs and budget. Overview of Florida Blue and myBlue Florida … Read more
When applying for term life insurance, you may receive a counter offer from the insurance company instead of the initial quote you were expecting. A counter offer adjusts the terms, conditions, or price of the policy from the original quote. Understanding what a counter offer is and how to respond can help you make sure … Read more
A matured endowment is an endowment life insurance policy that has reached the end of its predetermined coverage period. When an endowment policy matures, the policyholder receives the guaranteed lump sum payout from the insurance company. What is an Endowment Policy? An endowment policy is a type of life insurance that provides both a death … Read more
The numbers 100/300/50 are common liability coverage limits you’ll see on auto insurance policies. But what do they actually mean? Here’s a detailed breakdown of what each part of a 100/300/50 policy covers: Auto Liability Insurance Overview Liability insurance is a required component of auto insurance in almost every state. It covers injuries or damage … Read more