Insurance policies provide financial protection and security to policyholders in case of unforeseen events or losses. However, under certain circumstances, a policy may be terminated or discontinued before reaching maturity. The two main ways this can happen are through lapse or surrender. While related, these are distinct processes with different implications for the policyholder. What … Read more

Insurer concurrence refers to a situation where two or more insurance policies provide coverage for the same risk during the same time period. It is a common practice for policyholders to take out multiple policies to get additional protection beyond their primary coverage. However, having overlapping policies can lead to disputes over which insurer is … Read more

When searching for a new dentist, you may find that many don’t accept HMO dental insurance plans. There are several key reasons dentists tend to avoid participating in HMO networks. Understanding these factors can help you make an informed insurance decision. What is HMO Dental Insurance? First, a quick overview of how HMO dental coverage … Read more

Anthem Blue Cross EPO is a type of health insurance plan offered by Anthem Blue Cross in California. EPO stands for Exclusive Provider Organization. This plan provides access to care within a defined network of doctors, hospitals, and other healthcare providers. What is an EPO Plan? An EPO, or Exclusive Provider Organization, is a managed … Read more

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