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
UnitedHealthcare and Medica are two major health insurance providers in the United States, but they have some key differences in their business models and operations. While there is some overlap and partnership between the companies, they remain distinctly separate entities. An Overview of UnitedHealthcare UnitedHealthcare is one of the largest health insurers in the U.S. … Read more
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
It’s a common scenario – you go to the doctor for your annual physical or wellness checkup, expecting it to be fully covered by insurance with no out-of-pocket costs. After all, yearly well visits are supposed to be free under the Affordable Care Act. But then you get a bill in the mail with multiple … Read more
When reviewing options for Medicare Part D prescription drug coverage, SilverScript is one of the largest national providers. They offer three main plans – SilverScript SmartRx, SilverScript Choice, and SilverScript Plus. SilverScript Choice and SilverScript Plus have some important differences in terms of costs, coverage, and benefits. Understanding these key distinctions can help you determine … 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