Fronting and reinsurance are two common arrangements in the insurance industry. While they share some similarities, there are important differences between these structures. Understanding fronting vs. reinsurance helps explain the purpose and mechanics of each. What is Fronting? Fronting refers to when one insurance company (the fronting company) issues an insurance policy, then transfers all … Read more

When choosing a health plan, you’ll often see references to HMOs and PPOs. Kaiser HMO plans are a type of health maintenance organization (HMO) coverage offered by Kaiser Permanente. HMOs like Kaiser provide coordinated care through a network of contracted providers. But what exactly does Kaiser HMO coverage include? This article will explain key features … Read more

When you buy insurance, how is your premium or rate determined? Insurance companies use different methods of rating to calculate policy rates based on risk factors. The three primary methods of insurance rating are: Judgment rating Class rating Merit rating Understanding how these methods work can provide insight into why your insurance costs what it … Read more

For many Americans age 65 and over, Medicare plays a crucial role in providing health coverage and reducing the cost of care. However, Medicare does not cover 100% of medical expenses. There are still often significant out-of-pocket costs that Medicare beneficiaries must pay. Let’s take a closer look at what costs Medicare covers, what gaps … Read more

The numbers 100/300/50 are common liability coverage limits you’ll see on auto insurance policies. But what do they actually mean? Here’s a detailed breakdown of what each part of a 100/300/50 policy covers: Auto Liability Insurance Overview Liability insurance is a required component of auto insurance in almost every state. It covers injuries or damage … Read more

Paying your monthly health insurance premiums on time is essential to keep your coverage active. But what if you miss a payment? Most health plans provide a grace period where you can catch up before your policy is terminated. However, failing to pay before the grace period expires can lead to loss of coverage. Understanding … Read more

Buying a home is likely one of the biggest investments you’ll make in your lifetime. Protecting that investment with homeowners insurance is crucial. While the standard homeowners policy offers robust protections for your dwelling, belongings, loss of use and personal liability, there are additional optional coverages available for purchase. One such additional coverage is Coverage … Read more

Copays can be confusing, especially if you’re new to dealing with health insurance and medical bills. You may be wondering – do I really have to pay this copay, and do I have to pay it upfront before my appointment? The short answer is: it depends. There are a few different factors that determine whether … Read more

Traveling overseas can be an exciting adventure. But if you have Medicare, you may be wondering if your coverage applies abroad. Here’s what you need to know about using your Medicare benefits internationally. Medicare Coverage Outside the U.S. is Limited In most situations, Medicare won’t pay for health care or supplies you get outside the … Read more

Payers play a critical role in the US healthcare system by facilitating payments between patients and providers. But who exactly are the major payers in healthcare? This in-depth guide examines the key payers in the system, the services they provide, and how they influence care delivery and costs. What is a Healthcare Payer? A healthcare … Read more