When you get added as an additional insured on someone else’s insurance policy, you gain certain protections and rights under that coverage. However, these rights are limited compared to being the named policyholder. Understanding exactly what an additional insured is entitled to – and not entitled to – is important for managing risk. Who Is … Read more
Experiencing an accident can be traumatic and lead to unexpected expenses. When another party is at fault for your injuries or damages, you have the right to pursue compensation through an insurance claim or personal injury lawsuit. However, this process raises an important question – can you claim twice for the same accident? The short … Read more
Getting an accurate diagnosis is a critical first step in receiving proper treatment and care for a medical condition. However, doctors don’t always get it right the first time. In fact, research shows that diagnostic errors affect about 12 million adults in the U.S. every year. When a doctor is unable to provide a diagnosis … Read more
The deductible is one of the most important parts of an insurance plan to understand. It refers to the amount you must pay out-of-pocket for covered health services before your insurance kicks in to start sharing costs. With a $2,000 deductible, for example, you would need to pay the first $2,000 of medical care expenses … Read more
When choosing a health plan, you’ll often see references to HMOs and PPOs. Kaiser HMO plans are a type of health maintenance organization (HMO) coverage offered by Kaiser Permanente. HMOs like Kaiser provide coordinated care through a network of contracted providers. But what exactly does Kaiser HMO coverage include? This article will explain key features … Read more
When you receive medical care, someone has to foot the bill. The entity that pays your medical costs is known as the insurance payer. Payers play a critical role in healthcare by providing coverage and reimbursing providers. But what exactly is an insurance payer? And what different types of payers are there? This article will … Read more
Renters insurance provides protection for your personal belongings while you’re renting a home or apartment. If something happens like theft, fire, or water damage, renters insurance can help replace your items. But what happens when you buy a home – do past renters insurance claims follow you? The short answer is no, renters insurance claims … Read more
Medicare Advantage (also known as Medicare Part C) allows seniors to receive their Medicare benefits through private insurers. These plans include offerings like HMOs, PPOs, and others. But what exactly is included in a Medicare Advantage plan? What benefits, services, and costs should you expect? In this comprehensive guide, we’ll explain the key components included … Read more
Whole life insurance provides lifetime coverage along with a cash value savings component. This cash value can be accessed through withdrawals or policy loans while the insured is still living. But dipping into the available cash affects the other key policy value – the death benefit and face amount. Reducing cash value can shrink the … Read more
When you purchase an insurance policy and pay your premiums each month, you know that part of that money goes to compensate the agent who sold you the policy. But what happens when you actually file a claim – does your agent also earn commission when they process your claim? This is a common question … Read more