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
Health maintenance organizations (HMOs) are a common type of health insurance plan in the United States. However, some doctors have reservations about accepting and working with HMO plans. There are a few key reasons why many physicians do not like HMOs or prefer other insurance options like PPOs. What is an HMO? First, let’s review … 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