When it comes to health insurance, you’ll often come across terms like HMO and MCO. While they sound similar, HMOs and MCOs are two distinct types of health plans. Understanding the key differences between a Health Maintenance Organization (HMO) and a Managed Care Organization (MCO) can help you choose the right plan for your needs. … Read more
Secure Horizons and UnitedHealthcare have a connected history. Secure Horizons was originally founded as a division of UnitedHealthcare, offering Medicare Advantage plans, Medicare Supplement plans, and Medicare Part D plans. In recent years, UnitedHealthcare has been rebranding Secure Horizons plans under the UnitedHealthcare name. A Brief History of Secure Horizons Secure Horizons was founded in … Read more
Casualty and liability insurance are two common types of insurance that protect against potential losses. While they sound similar and overlap in some areas, there are important differences between casualty and liability insurance in terms of the risks they cover. Understanding these differences is key for both individuals and businesses looking to properly insure themselves. … Read more
Driving a car that’s insured but as an uninsured driver can lead to complicated legal and financial consequences. Here’s a detailed look at what can happen in this situation. Overview In most states, auto insurance follows the car, not the driver. So if you drive someone else’s insured car, you’re typically covered under their policy. … Read more
If you own a home, coverage L on your homeowners insurance policy provides protection against liability claims. This covers legal costs and damages if someone is injured or their property is damaged on your property. Below is an in-depth look at what personal liability coverage is, what it protects against, coverage limits, and how it … Read more
Car insurance groups range from 1 to 50, with group 1 being the cheapest to insure and group 50 being the most expensive. So where does group 16e fall on this scale, and is it considered high? Group 16e sits around the middle of the range and contains family cars, hatchbacks and crossovers that are … Read more
Reinsurance is a critical risk management tool for insurance companies. It allows them to transfer a portion of policy risks to a reinsurer. There are three primary methods of reinsurance used – treaty, facultative, and hybrid. Each has advantages and disadvantages to consider. Overview of Reinsurance Methods Treaty reinsurance covers a predefined group or book … Read more
When purchasing insurance, you’ll often come across the terms “limit of indemnity” and “sum insured.” These sound quite similar, but there are some key differences between the two that are important to understand. Sum Insured The sum insured is the maximum amount the insurance company will pay for a covered loss under a policy. It … Read more
Cal COBRA (California Continuation Benefits Replacement Act) allows you to continue your group health coverage after experiencing a qualifying event like job loss. But does this continuation coverage include dental and vision benefits? The answer depends on your specific situation. An Overview of Cal COBRA Cal COBRA is a California law that provides continuation coverage … Read more
Liberty Mutual’s slogan “Only Pay for What You Need” refers to their customizable home insurance offering. But what exactly does this mean for customers shopping for homeowners coverage? Let’s break down the details behind this popular tagline. Customizing Your Home Insurance Policy The phrase highlights how Liberty Mutual provides customized home insurance policies. Rather than … Read more