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
A Look at Humana’s National Reach Humana has a presence in all 50 U.S. states, the District of Columbia, and Puerto Rico. However, the company does not offer plans in every single state. Humana focuses primarily on providing Medicare Advantage and prescription drug plans to seniors. The company has a strong presence across the country … Read more
In the insurance industry, companies authorize agents to represent them and conduct business through different types of authority. There are three main categories that these various agent authorities fall under: Express authority Implied authority Apparent authority Understanding how these insurance agent authorities work is important for both agents and consumers when entering into agreements and … Read more
Medicare and Social Security are two major federal government programs that provide benefits to millions of Americans. Since they are closely linked in terms of administration and eligibility, some people may wonder – are your Medicare and Social Security numbers identical? The short answer is no, Medicare and Social Security numbers are different identifiers assigned … Read more
When choosing a health insurance plan, two common options are indemnity plans and preferred provider organization (PPO) plans. Understanding how these two plan types differ is important for selecting the right coverage. Indemnity and PPO plans have distinct features when it comes to provider choice, referrals, costs, and other factors. Here is an overview of … Read more
If you are buying or renewing auto insurance, you may come across terminology like “10/20/10” coverage. This refers to a typical split limit liability coverage combination. But what exactly does 10/20/10 mean in auto insurance and why is it important? This article will explain it in simple terms. What are Liability Limits in Car Insurance? … Read more
Anthem is one of the largest health insurance providers in the U.S. and a major player in the Medicare Advantage market. However, Anthem Medicare Advantage plans are not available nationwide. They are only offered in 14 specific states. What are the 14 Anthem states? Let’s examine the coverage footprint of Anthem’s Medicare Advantage plans across … Read more
Choosing between a PPO high and PPO standard health insurance plan can be confusing. While both are preferred provider organization plans that offer access to care within a network of healthcare providers, there are some key differences. This article will explain what PPO high and PPO standard mean, compare the two plans, and provide tips … Read more