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
Medicare beneficiaries looking into prescription drug coverage may come across two similar-sounding acronyms – PDP and PPO. But these two terms actually refer to very different types of Medicare plans. It’s important to understand the key differences between PDP and PPO when evaluating your Medicare options. What is a PDP? PDP stands for “Prescription Drug … Read more
The Rockefeller family is one of the wealthiest and most influential dynasties in American history. Much of their fortune can be traced back to John D. Rockefeller, the founder of Standard Oil, who became America’s first billionaire in 1916. A key part of the Rockefeller strategy over multiple generations has been the innovative use of … Read more
A common question that comes up in insurance is whether a mortgagee can be listed as an additional insured on an insurance policy. The short answer is yes, mortgagees can be added as additional insureds, but there are some important details to understand. What is a Mortgagee? First, let’s define what a mortgagee is. A … Read more
Purchasing car insurance can be confusing, especially when you start hearing terms like “policyholder” and “named driver.” While they sound similar, these two terms actually refer to very different roles and responsibilities when it comes to your auto insurance policy. In this comprehensive guide, we’ll explain exactly what policyholders and named drivers are, the key … Read more