Having both Medicare and Medicaid coverage can get confusing when it comes to filing insurance claims and getting paid. This is where a crossover only application comes in. But what exactly does this term mean? Below we’ll explain what a crossover only provider application is, who needs it, and how the claims crossover process works … Read more
When you receive medical care covered under Medicare Part B, there is often a difference between the amount Medicare approves for payment and the amount your provider charges for their services. This discrepancy between the Medicare-approved amount and a provider’s charges can impact your out-of-pocket costs. Let’s take a closer look at how Medicare payment … Read more
Self-insuring your home means foregoing traditional home insurance and instead using your own money to cover any losses or damages. While self-insuring may seem like a way to save on insurance premiums, it carries significant financial risks that make it impractical for most homeowners. What is Self-Insuring a Home? Self-insuring your home means you have … Read more
If you’ve ever filed an insurance claim, you may have wondered – do insurance companies share information about claims with each other? Can details about your claim history impact your rates and coverage with other insurers down the road? The short answer is yes – insurance companies do communicate information about customer claims amongst themselves, … Read more
Trustmark and Cigna are two separate companies that work together to provide health insurance and benefits services. However, Trustmark is not part of or owned by Cigna. Overview of Trustmark Trustmark is an insurance company that provides: Voluntary benefits like life, disability, and critical illness insurance Self-funded health plans for small businesses Wellness programs through … Read more
A common question that comes up in insurance is whether a mortgagee can be listed as an additional insured on an insurance policy. The short answer is yes, mortgagees can be added as additional insureds, but there are some important details to understand. What is a Mortgagee? First, let’s define what a mortgagee is. A … Read more
Health Savings Accounts (HSAs) are a popular way to save money for healthcare expenses tax-free. HSAs are typically paired with high-deductible health plans (HDHPs) that have lower premiums but higher deductibles. A key question that often comes up is whether you can keep contributing to an HSA if you lose your HDHP coverage. The short … Read more
It’s becoming increasingly common for employers to inquire about a spouse’s access to health insurance. With rising healthcare costs, some companies are looking to trim expenses by limiting coverage for spouses who could get insurance through their own job. So can your employer actually ask about your spouse’s insurance when you enroll in workplace benefits? … Read more
When it comes to health insurance, understanding the different plan types can be confusing. UHC Choice Plus is a common insurance plan offered by many employers. But is it a PPO or POS plan? What exactly is the difference between PPO and POS anyway? This comprehensive guide examines UHC Choice Plus and explains how to … Read more
If you have property insurance such as homeowners, commercial property, or flood insurance, you have likely come across the term “did over should” when discussing claims and payouts. This refers to the coinsurance formula that is applied when determining claim payments. Coinsurance is an important provision in property insurance policies. It encourages policyholders to insure … Read more