Understanding health insurance terminology can be confusing, especially when it comes to concepts like deductibles, copayments, and coinsurance. One term you may come across is “30% coinsurance after deductible.” What exactly does this mean and how does it impact your healthcare costs? In this comprehensive guide, we’ll explain what 30% coinsurance after deductible means, walk … Read more
If you’re shopping for car insurance, you may come across Safeco’s enhanced protection level. But what exactly does Safeco’s enhanced auto insurance cover and what makes it different from other options? In this comprehensive guide, we’ll explain what Safeco enhanced protection includes, key benefits and coverage add-ons, who it’s best suited for, and how it … Read more
If you work in healthcare, you’ve probably come across the names PHCS and MultiPlan when researching provider networks. But what exactly is the relationship between PHCS and MultiPlan? Are they the same thing or completely separate networks? In this comprehensive guide, we’ll explain what PHCS and MultiPlan are, their key differences, and how they fit … Read more
Federal Insurance Company has a long and storied history that is indeed intertwined with Chubb, one of the world’s leading property and casualty insurance companies. While they operate as separate entities today, their origins reveal an undeniable connection. The Beginnings of Federal Insurance Company Federal Insurance Company was founded in 1901 in Jersey City, New … Read more
If your spouse lands a new job, you may wonder if you can switch your health insurance to their new employer’s plan. The answer is usually yes – with some caveats around timing and enrollment periods. Switching health coverage can potentially save you money on premiums and out-of-pocket costs. But the rules vary for changing … Read more
Many companies offer basic life insurance coverage to their employees as part of their benefits package. This employer-sponsored life insurance is also referred to as group life insurance or “basic life EE.” But what exactly is basic life EE and how does it work? Below we’ll explore the key things employees should know about this … Read more
When selecting health insurance, two common options are HMO and HDHP plans. But what exactly is the difference between a Kaiser HMO and HDHP? Below we’ll explore how these plans compare on costs, provider choice, and other factors. HMO Overview HMO stands for “Health Maintenance Organization”. Kaiser Permanente is well-known for its HMO plans. Here … Read more
For many Filipinos, having dual coverage from a private health insurance provider like Maxicare and government health insurance PhilHealth is an optimal arrangement. This combination provides more comprehensive benefits and higher coverage limits. But can you really use both Maxicare and PhilHealth simultaneously? Let’s find out. Overview of Maxicare and PhilHealth Maxicare is one of … Read more
Interest sensitive whole life insurance is a type of permanent life insurance policy that provides lifetime protection along with a cash value account that earns interest. It combines elements of traditional whole life insurance with features that allow the policy’s cash value to grow faster when interest rates rise. Below we will explore what makes … Read more
If you’ve shopped for insurance or managed insurance policies, you may have come across the terms “insurance company” and “insurance carrier” used in various contexts. Sometimes they are used interchangeably, while in other cases people distinguish between them. So what exactly is the difference between an insurance company and an insurance carrier? Below is an … Read more