A trip to the doctor often comes with sticker shock these days. You may see an initial bill for $500 for an office visit, but your insurance claim shows they only paid $100 of that. This gap between healthcare charges and insurance reimbursements is a complex issue rooted in the economics of modern medicine. The … Read more
Employer-sponsored health insurance plans have traditionally been the most common form of health coverage in the United States. Even with rising trends of high-deductible plans and individual marketplaces, most working Americans still get their health insurance through their job. There are several key advantages to getting health insurance through your employer: Lower Premium Costs One … Read more
Dealing with insurance companies after an accident, loss, or claim can be frustrating. You file paperwork, make calls, and send demand letters expecting a timely response. But sometimes insurers give claimants the silent treatment, refusing to acknowledge or respond to inquiries. So what recourse do you have when an insurance company stonewalls you? No Legal … Read more
A repudiated claim is one of the possible outcomes when you file a claim with your insurance provider. But what exactly does it mean when an insurer repudiates a claim? This comprehensive guide will explain everything you need to know about repudiated claims. What is Claim Repudiation? Claim repudiation refers to when an insurance company … Read more
Having comprehensive auto insurance with full glass coverage means you have additional protection for your vehicle’s windows and windshield. This coverage pays to repair or replace damaged glass without you having to pay a deductible. Comprehensive insurance and full glass coverage provide important protection that can save you money if your car’s glass gets damaged. … Read more
TRICARE Select is a health insurance plan available to military families, retirees, and reservists. It provides comprehensive coverage but requires annual enrollment fees and copayments for care. Many wonder if TRICARE Select can act as secondary insurance to supplement other health plans and save on out-of-pocket costs. The answer is yes – TRICARE Select can … Read more
The passing of a loved one is always difficult. In the midst of grieving, it’s normal to have questions about what happens to their Medicare coverage after they die. Many wonder – does Medicare provide any funeral assistance or final expenses coverage? Unfortunately, standard Medicare does not cover any costs incurred after a beneficiary’s death. … Read more
The theory of insurance is a body of principles and models that help explain and guide insurance practices. It provides a conceptual framework for understanding key insurance concepts and mechanisms. By analyzing the behavior of insurers, policyholders, and other parties, theory can offer predictions, insights, and prescriptions related to insurance markets and coverage. Some of … Read more
Having access to quality healthcare and hospital systems is crucial for the health and wellbeing of any community. But not all states offer equal access to top-notch medical facilities and resources. When it comes to hospital care, some states clearly rise above others in rankings and performance metrics. The Top States for Hospital Care According … Read more
Recording life insurance on a company’s financial statements involves tracking the cash surrender value and premium payments. Here is an overview of how to account for corporate-owned life insurance policies. Why Businesses Own Life Insurance There are several reasons a business may purchase a life insurance policy: Key person insurance – Replace income lost if … Read more