When you lose employer-sponsored health insurance, continuing coverage through COBRA can be very expensive. COBRA allows you to keep your same plan for 18-36 months, but you pay 100% of the premium plus a 2% administrative fee. This can cost $500-$2000 per month for family coverage. Fortunately, there are cheaper alternatives to COBRA you can … Read more
If you are buying or renewing auto insurance, you may come across terminology like “10/20/10” coverage. This refers to a typical split limit liability coverage combination. But what exactly does 10/20/10 mean in auto insurance and why is it important? This article will explain it in simple terms. What are Liability Limits in Car Insurance? … Read more
Insurance policies and insurance contracts are related but distinct concepts. While the terms are sometimes used interchangeably, understanding the key differences is important for both policyholders and insurers when it comes to legal rights and obligations. Insurance Policy An insurance policy is a written document that outlines the terms, conditions, and exclusions of an insurance … Read more
Finding out that Medicare has denied a claim for medical services can be stressful and confusing. As a Medicare beneficiary, you want to receive the health services you need. But you don’t want to be stuck with a big bill if Medicare refuses to pay. This article will explain what happens when Medicare denies a … 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
The Centers for Medicare & Medicaid Services (CMS) oversees various healthcare regulations and requirements for providers participating in Medicare and Medicaid programs. During the COVID-19 pandemic, CMS instituted vaccine mandates for healthcare staff in many facilities. However, CMS has now ended this federal vaccine mandate as of 2023. Below we’ll cover the background on CMS’ … Read more
Dealing with car repairs and insurance claims can be a frustrating process. You file a claim expecting your insurer to cover the cost, only to find the payment may not be worth the hassle. So what if you change your mind and want to cancel your claim? Here’s what to know about canceling insurance claims … Read more
If you have two different Medicare numbers, you may be puzzled about why this is the case. It’s quite common for Medicare beneficiaries to have more than one Medicare number or card during their lifetime. There are some specific reasons why you could have two Medicare numbers. Let’s understand when and why you may be … Read more
In the complex world of insurance, you’ve likely come across the term “MGA” without knowing exactly what it means. MGA stands for managing general agent, a specialized role within insurance markets. Keep reading to understand what an MGA is, what they do, and how they can benefit insurance brokers and policyholders. What is an MGA? … Read more
You may have noticed a series of letters and numbers labeled “CIN” on your health insurance card. But what does this identification number mean and why is it important? The CIN stands for Client Identification Number. It is a unique ID assigned to individuals who have Medicaid health insurance. This comprehensive guide will explain: What … Read more