Health Savings Accounts (HSAs) are a popular way to save money for healthcare expenses tax-free. HSAs are typically paired with high-deductible health plans (HDHPs) that have lower premiums but higher deductibles. A key question that often comes up is whether you can keep contributing to an HSA if you lose your HDHP coverage. The short … Read more
Dealing with insurance companies after an accident or injury can be frustrating. It’s not uncommon for insurance adjusters to delay, ignore, or deny claims. If an insurance company doesn’t respond to your claim or settlement demand, it can leave you wondering what to do next. When an insurer stalls or “stonewalls” a legitimate claim, there … Read more
The SRCC cancellation clause refers to the cancellation of Strikes, Riots and Civil Commotions (SRCC) coverage in marine cargo insurance policies. This clause allows insurers to cancel SRCC coverage by providing notice to the insured. What is SRCC Coverage? SRCC stands for Strikes, Riots and Civil Commotions. It is a type of coverage included in … Read more
When shopping for dental insurance, you’ll notice plans are categorized as either “low” or “high” option. But what exactly does this mean and how does it impact your coverage and costs? Here’s an in-depth look at the key differences between low and high dental plans. Dental Plan Categories Dental plans offered through the Health Insurance … Read more
When it comes to insurance, the terms “underwriter” and “insurer” often get used interchangeably. However, they refer to two distinct roles within the insurance industry. Understanding the key differences between an underwriter and insurer is important for anyone purchasing insurance or working in the insurance sector. An Overview of Underwriters and Insurers An underwriter is … Read more
Having a record of your past insurance claims can be very useful when applying for or renewing an insurance policy. Insurance providers often take your claims history into account when deciding on policy terms and premium rates. In India, there are a few ways for policyholders to access their insurance claim history. Why Check Your … 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
When applying for insurance, you may notice the process involves disclosing a significant amount of personal information. This raises the question – what exactly happens to this data after it’s collected? Specifically, do insurance companies share it with data mining companies like LexisNexis? The short answer is – not necessarily. While LexisNexis works with many … Read more
When reviewing top insurance providers, you may notice the names Chubb and AIG both commonly appear. This can raise the natural question – are Chubb and AIG actually the same company? Or are they completely separate insurers that happen to be major players in the industry? The answer is that while Chubb and AIG are … Read more
For many people in the Philippines, having health insurance is a top priority. Given the often high costs of medical care, coverage helps ensure you can access healthcare without financial hardship. When considering options, you may be wondering – can I use HMO even if I don’t have PhilHealth? The short answer is yes, you … Read more