Filing taxes can be confusing, especially when tax laws change from year to year. One important decision for seniors is whether to take the standard deduction or itemize deductions on their tax return. For 2023, the standard deduction amounts have increased. Additionally, if you are 65 or older, you may qualify for a higher standard … 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
For many people in the Philippines, having health insurance is a top priority. Given the often high costs of medical care, coverage helps ensure you can access healthcare without financial hardship. When considering options, you may be wondering – can I use HMO even if I don’t have PhilHealth? The short answer is yes, you … Read more
When selecting health insurance, two common options are HMO and HDHP plans. But what exactly is the difference between a Kaiser HMO and HDHP? Below we’ll explore how these plans compare on costs, provider choice, and other factors. HMO Overview HMO stands for “Health Maintenance Organization”. Kaiser Permanente is well-known for its HMO plans. Here … Read more
Blue Cross Blue Shield (BCBS) health insurance plans provide coverage worldwide, though benefits vary depending on your specific plan. Most BCBS members have emergency medical coverage while traveling abroad. Some plans offer more comprehensive overseas benefits, including global networks of providers and support services. Domestic BCBS Coverage BCBS is made up of 36 independent and … Read more
The income thresholds that trigger IRMAA surcharges for Medicare Part B and Part D premiums increased significantly for 2023. This means more Medicare beneficiaries will pay extra premiums based on their income. What is IRMAA? IRMAA stands for Income Related Monthly Adjustment Amount. It is an extra premium charged to Medicare Part B and Part … Read more
When researching business insurance policies, you may come across terms like “general aggregate” and “umbrella coverage” used in relation to liability protection. But what do these terms actually mean, and are general aggregate and umbrella coverage referring to the same thing? The short answer is no – general aggregate and umbrella are two distinct concepts … Read more
Preferred provider organizations (PPOs) have become a popular type of health insurance plan in the United States. PPOs give members flexibility in choosing healthcare providers while still receiving coverage from their insurance. But not all PPOs are created equal. If you’re looking for a large, established PPO network, then MultiPlan is the one you need … 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
When it comes to Medicare, you have choices beyond basic Original Medicare. Two popular options are Medicare Supplement (Medigap) plans and Medicare Advantage plans. But what exactly is the difference between these supplemental coverage choices? Read on for a detailed overview comparing Medicare Supplement vs. Medicare Advantage plans. What are Medicare Supplement and Medicare Advantage … Read more