Adverse selection is a significant risk for insurance companies. It occurs when high-risk applicants are able to obtain insurance coverage at rates that do not match their level of risk. This results in the insurance company taking on more risk than they anticipated. Fortunately, insurance companies have strategies to protect themselves from adverse selection. What … Read more
Having a bright, white smile can give you a big confidence boost. Teeth whitening strips are a popular over-the-counter option for whitening your teeth at home. But can these strips be paid for with a health savings account (HSA)? Let’s take a closer look at whether teeth whitening qualifies as an HSA-eligible expense and specifically … Read more
LPPO and RPPO are two types of Preferred Provider Organization (PPO) health insurance plans. PPO plans allow members flexibility in choosing healthcare providers while still having access to discounted in-network rates. LPPO and RPPO plans offer regional or local provider networks respectively. PPO Health Insurance Overview Before diving into LPPO and RPPO specifically, let’s first … Read more
Federal Insurance Company has a long and storied history that is indeed intertwined with Chubb, one of the world’s leading property and casualty insurance companies. While they operate as separate entities today, their origins reveal an undeniable connection. The Beginnings of Federal Insurance Company Federal Insurance Company was founded in 1901 in Jersey City, New … Read more
Health insurance can be confusing, with many different plan types using terms that all sound similar. Two options you may come across are PPO and Choice Plus plans. Although they have some overlap, there are key differences between PPO and Choice Plus that impact costs, provider choice, and how you access care. This comprehensive guide … Read more
Finding home insurance can be a frustrating experience if you own a high-risk property that insurers consider too risky to cover. If you are struggling to find basic homeowners insurance for your house, there are still several options you can explore. In this comprehensive guide, we will cover: Why Insurers May Decline Home Insurance Tips … Read more
It’s a common scenario – you go to the doctor for your annual physical or wellness checkup, expecting it to be fully covered by insurance with no out-of-pocket costs. After all, yearly well visits are supposed to be free under the Affordable Care Act. But then you get a bill in the mail with multiple … Read more
When reviewing top insurance providers, you may notice the names Chubb and AIG both commonly appear. This can raise the natural question – are Chubb and AIG actually the same company? Or are they completely separate insurers that happen to be major players in the industry? The answer is that while Chubb and AIG are … Read more
Dealing with health insurance claims can be confusing and frustrating. When you need medical care, the last thing you want is a long, drawn-out claims process. So how long does it actually take Cigna to review and approve health insurance claims? Overview of the Cigna Claims Process Cigna is one of the largest health insurance … Read more
Fidelis Care is a health insurance company that offers both Medicare plans and Medicaid plans to residents of New York State. However, Fidelis Care is more well-known for its Medicaid plans. Overview of Fidelis Care Fidelis Care is a health insurance provider owned by Centene Corporation. Key facts about Fidelis Care include: Provides health insurance … Read more