Having straight, healthy teeth is important, but orthodontic treatment like braces or Invisalign can be expensive. Using two dental insurance plans to cover orthodontics may help reduce the costs. This article explains how you can use two dental insurances for orthodontics. Overview of Orthodontic Insurance Coverage Orthodontic coverage is not automatically included in dental insurance … Read more
When choosing a health insurance plan, two common options to consider are HMO (Health Maintenance Organization) and OAP (Open Access Plan). But what is the difference between an HMO and OAP, and which offers better coverage? Below we will compare HMO vs OAP plans on network size, flexibility, costs, and other key factors to help … Read more
At some point, many of us find ourselves dissatisfied with aspects of our life. We fantasize about starting over, pursuing long-held dreams, or making a dramatic change. But change, especially substantial change, can be daunting. If you want to keep your current life situation largely intact, is that possible? Or does meaningful change require letting … Read more
Insurance is an important expense for most businesses. But when recording insurance transactions in your books, is insurance a debit or credit? The short answer is that insurance is typically recorded as a debit. But the full accounting treatment of insurance is more nuanced. In this comprehensive guide, we’ll cover: The basics of debits and … Read more
Wanting to add a family member like a brother to your auto insurance policy is common. Doing so can provide coverage protection and even potentially lower your rates. However, insurance companies have specific requirements regarding who you can and cannot include on your policy. So can you actually add your brother to your car insurance? … Read more
As an insurance agent, maintaining proper records for your clients is a crucial part of running an ethical and compliant business. But with boxes of old files and documents piling up, you may wonder just how long you’re legally obligated to hold onto all that paperwork before hitting delete or taking it to the shredder. … Read more
Understanding key insurance terms like “allowed amount” and “paid amount” can help you better navigate your health coverage. While these two amounts are related, they have distinct definitions when it comes to how your claim is processed. This article will explain allowed amount versus paid amount, how they impact your out-of-pocket costs, and why you … Read more
Health insurance plans often have both deductibles and copays as forms of cost-sharing. This can lead to confusion over whether you still owe copays once your deductible is satisfied for the year. The short answer is yes – you generally continue paying any applicable copays even after meeting your deductible. Understanding the ongoing nature of … Read more
“To age 90 life insurance” refers to a permanent life insurance policy structured to provide lifetime coverage until the insured individual reaches 90 years of age. This type of policy is designed to offer lifelong protection instead of coverage for a defined term. To age 90 life insurance is a form of permanent life insurance … Read more
In the insurance industry, companies authorize agents to represent them and conduct business through different types of authority. There are three main categories that these various agent authorities fall under: Express authority Implied authority Apparent authority Understanding how these insurance agent authorities work is important for both agents and consumers when entering into agreements and … Read more