Self-insuring is a risk management strategy where a company sets aside funds to cover unexpected losses instead of purchasing insurance policies. Rather than paying premiums to an insurance provider, the company retains the risk and pays for losses out of pocket. Self-insuring can save money over time but requires financial discipline to build up adequate … Read more
Providing health insurance is an expected benefit at many companies today. However, the costs of traditional group health plans can be prohibitive for some employers. This leads to the question – can I reimburse employees for their own individual health insurance plans? The answer is yes, you can reimburse employees for health insurance premiums they … Read more
Finding home insurance can be a frustrating experience if you own a high-risk property that insurers consider too risky to cover. If you are struggling to find basic homeowners insurance for your house, there are still several options you can explore. In this comprehensive guide, we will cover: Why Insurers May Decline Home Insurance Tips … Read more
If you have two different Medicare numbers, you may be puzzled about why this is the case. It’s quite common for Medicare beneficiaries to have more than one Medicare number or card during their lifetime. There are some specific reasons why you could have two Medicare numbers. Let’s understand when and why you may be … Read more
When buying a life insurance policy, you will come across two important terms – the proposer and the insured. While they may sound similar, there are some key differences between the two. Understanding who is a proposer and who is an insured is important to determine who initiates the policy, pays the premiums, and receives … Read more
Owning a home free and clear without a mortgage is a major financial accomplishment. But just because you don’t have a monthly mortgage payment doesn’t mean you can skip homeowners insurance. Here’s what to know about insuring a home when you have no mortgage. Overview of Homeowners Insurance First, a quick refresher on what homeowners … Read more
The insurance market fluctuates between soft and hard cycles over time. During a hard market, it becomes more difficult and expensive to obtain insurance coverage. But what exactly causes the market to shift into a hard phase? There are several key factors that can create conditions for a hard insurance market. Overview of Insurance Market … Read more
Long-term care insurance can be an important component of planning for future care needs. But paying ongoing premiums for a policy can seem burdensome. Many people wonder – can you pay for long-term care insurance upfront in a lump sum rather than paying premiums for life? The answer is yes, some long-term care insurance policies … Read more
Finding out that Medicare has denied a claim for medical services can be stressful and confusing. As a Medicare beneficiary, you want to receive the health services you need. But you don’t want to be stuck with a big bill if Medicare refuses to pay. This article will explain what happens when Medicare denies a … Read more
Mold can be a serious problem in any home. Not only can it damage your property, but it can also lead to health issues for you and your family. That’s why it’s important to understand your homeowners insurance policy’s coverage when it comes to mold. What Is Mold? Mold is a type of fungus that … Read more