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

If you’re enrolled in Medicare, you may be wondering if you need to get issued a new Medicare card annually. After all, many types of ID and insurance cards need to be renewed regularly. The short answer is no, you do not receive a new red, white, and blue Medicare card from the government every … Read more

The American Postal Workers Union (APWU) Health Plan provides comprehensive health insurance benefits to postal workers and federal employees. While it was formerly part of the Cigna network, the APWU Health Plan now uses UnitedHealthcare as its nationwide provider network. Overview of APWU Health Plan Non-profit health insurance plan exclusively for postal employees and retirees. … Read more

Social Security provides an essential source of income for millions of retired and disabled Americans. According to the Social Security Administration (SSA), over 66 million people currently receive monthly Social Security benefits. As living costs and inflation rise, Social Security recipients depend on annual cost-of-living adjustments (COLAs) to maintain their standard of living. So how … Read more

Online only insurance policies allow customers to purchase insurance coverage entirely over the internet, without interacting with an insurance agent. While online insurance options have existed for over two decades, they have exploded in popularity in recent years. In this comprehensive guide, we will explain everything you need to know about online only insurance, including: … Read more

When it comes to health insurance, HMO and PPO are two common plan types you’ll encounter. But what exactly do they mean and what are the key differences between HMO and PPO plans? This comprehensive guide will explain what you need to know. HMO Plans HMO stands for “Health Maintenance Organization.” With an HMO plan, … Read more

Mold can be a serious problem in any home. Not only can it damage your property, but it can also lead to health issues for you and your family. That’s why it’s important to understand your homeowners insurance policy’s coverage when it comes to mold. What Is Mold? Mold is a type of fungus that … Read more