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
Dealing with a denied insurance claim can be frustrating. But before giving up, filing an appeal is worth a shot. A well-written appeal letter has the potential to get your claim reviewed and approved. Crafting an effective insurance appeal letter may seem daunting at first. But following key steps can set you up for success. … Read more
Life insurance provides financial protection for your loved ones in the event of your death. When you purchase a policy, you expect that the death benefit will be paid to your beneficiaries if you pass away during the coverage period. But life insurance claims can sometimes be denied. So do policies always pay out when … Read more
Seeing your auto insurance premium increase at renewal time is annoying but often expected. More confusing is when your bill seems to fluctuate up and down slightly each month. Why does your car insurance payment jump around when coverage remains the same? As it turns out, many factors can cause your monthly car insurance rate … Read more
Renters face risks like theft, fire damage, and liability claims that can disrupt lives and finances. A renters insurance policy protects against these perils, but what about accidental damage? If you spill wine on the carpet or your child breaks an appliance, will renters insurance have you covered? Understanding exactly what accidental damage is covered … Read more
Getting notice that your insurance policy is being canceled can be stressful and disruptive. But policyholders have certain rights when it comes to cancellation notices. States regulate the minimum notice periods that insurance companies must provide before terminating coverage. Understanding how much advance warning your insurer is required to give can help you avoid surprises … Read more