Dealing with medical bills can be confusing, especially when seeing out-of-network doctors. You may wonder – can my doctor charge me more than my insurance allows? The short answer is sometimes. There are important protections in place to limit surprise medical bills and balance billing in certain situations. However, out-of-network providers may still charge you … Read more
Purchasing life insurance is an important part of financial planning. But what happens if the policy owner passes away before the insured person? This situation can create complications if the policy ownership has not been properly arranged. This article provides a comprehensive overview of how life insurance policies are impacted when an owner dies first, … Read more
Buying motor insurance for your vehicle is mandatory by law in India. When purchasing motor insurance, you will come across two common terms – TP and OD. These refer to the two basic components of any motor insurance policy – third party liability cover and own damage cover. Understanding what TP and OD in motor … Read more
Having vision insurance can provide great savings on eye exams, glasses, and contact lenses. But what if you’re covered under two separate vision plans? Is it possible to use both vision insurance plans to maximize your eyecare benefits? The answer is yes! With proper coordination, you can often combine two vision insurance plans to get … Read more
Once you enroll in Medicare, premiums are deducted from your Social Security payments for Part B and Part D coverage. A common question is whether these Medicare premium deductions lower the amount of your Social Security income that is subject to federal income taxes. The short answer is no – paying Medicare premiums does not … Read more
You’ve been diligently paying LIC premiums for years, and now your policy term is finally up. It’s time to get the matured amount – but how exactly do you claim and receive your LIC money after maturity? Claiming your Life Insurance Corporation (LIC) maturity proceeds involves submitting documents, filling forms, and following some important steps. … Read more
When it comes to insurance terminology, the terms “policyholder” and “subscriber” are often used interchangeably. However, there are some key differences between the two that are important to understand. What is a Policyholder? A policyholder is the person who owns an insurance policy. They are the individual who purchased the policy directly from the insurance … Read more
LPPO and RPPO are two types of Preferred Provider Organization (PPO) health insurance plans. PPO plans allow members flexibility in choosing healthcare providers while still having access to discounted in-network rates. LPPO and RPPO plans offer regional or local provider networks respectively. PPO Health Insurance Overview Before diving into LPPO and RPPO specifically, let’s first … Read more
When an insurance company decides not to renew your policy upon expiration, this is known as a non-renewal. Non-renewals are different than cancellations, which terminate coverage mid-policy. Fortunately, insurers typically cannot penalize you simply for having a non-renewed policy. However, your rates may still increase with another insurer if the non-renewal was due to high … Read more
Health insurance can be confusing, with many different plan types using terms that all sound similar. Two options you may come across are PPO and Choice Plus plans. Although they have some overlap, there are key differences between PPO and Choice Plus that impact costs, provider choice, and how you access care. This comprehensive guide … Read more