Insurance is an important part of operating any business. It protects against potential losses and provides financial security. But with so many different insurance policies available, business owners often wonder – is the premium paid for insurance considered a business expense? The short answer is yes. Insurance premiums are usually considered a normal business operating … Read more
Double billing is an unethical and illegal billing practice that unfortunately occurs far too often in the healthcare industry. It involves a healthcare provider attempting to collect payments twice for the same service rendered. This type of fraud drains billions from Medicare, Medicaid and private insurers each year. For patients, double billing can lead to … Read more
Opportunity costs play a critical role in healthcare decision making. With limited healthcare budgets and resources, stakeholders must carefully consider the trade-offs involved with funding different programs and interventions. Understanding opportunity costs enables more informed and efficient allocation of scarce healthcare funds. What Are Opportunity Costs? Opportunity costs refer to the value of the best … Read more
Dealing with insurance companies after an accident, injury, or loss can be frustrating and confusing. You likely just want to get your claim settled and move on with your life. But often the insurance company says they need to do an “investigation” first. What exactly does this entail? Here’s an in-depth look at what an … Read more
Understanding health insurance terminology can be confusing, especially when it comes to concepts like deductibles, copayments, and coinsurance. One term you may come across is “30% coinsurance after deductible.” What exactly does this mean and how does it impact your healthcare costs? In this comprehensive guide, we’ll explain what 30% coinsurance after deductible means, walk … Read more
Getting into an accident while driving someone else’s car can be a stressful and confusing situation. You likely have many questions running through your mind in the moment – Is the car I’m driving insured? Will the insurance cover me even though I’m not the policyholder? What will happen if I file a claim? These … Read more
Choosing between a PPO high and PPO standard health insurance plan can be confusing. While both are preferred provider organization plans that offer access to care within a network of healthcare providers, there are some key differences. This article will explain what PPO high and PPO standard mean, compare the two plans, and provide tips … Read more
Medicare and WellCare are both health insurance programs, but they have some key differences. This article will explain what each program is, how they work, and the main differences between the two. What is Medicare? Medicare is a federal health insurance program for people aged 65 and older, as well as some younger people with … Read more
Life insurance provides financial security and peace of mind for you and your loved ones. However, it’s estimated that over $1 billion in life insurance benefits go unclaimed each year because beneficiaries are unaware of existing policies. If you suspect there may be a life insurance policy with your name on it, there are steps … Read more
Many Americans have Medicare along with some other type of health insurance. This is commonly referred to as having dual coverage. The most common types of additional coverage that people pair with Medicare are employer group health plans, Medicare Supplement Insurance (Medigap), Medicaid, TRICARE, and Veterans Affairs (VA) health benefits. Let’s take a closer look … Read more