Filing a secondary claim with the Department of Veterans Affairs (VA) is a common way for veterans to get additional disability benefits. A secondary claim allows a veteran to receive compensation for a new disability that is caused by an already service-connected condition. What is a Secondary Service Connection? A secondary service connection refers to … Read more

United Concordia and Delta Dental are two separate dental insurance providers that offer group and individual dental plans. Here’s an overview comparing United Concordia vs Delta Dental: Overview Delta Dental is the largest dental insurance provider in the U.S. with over 80 million members nationwide. United Concordia is another large dental insurer with over 9 … Read more

Medicare beneficiaries looking into prescription drug coverage may come across two similar-sounding acronyms – PDP and PPO. But these two terms actually refer to very different types of Medicare plans. It’s important to understand the key differences between PDP and PPO when evaluating your Medicare options. What is a PDP? PDP stands for “Prescription Drug … Read more

Medicare Advantage plans offer bundled benefits, but restrict your choice of providers. With Original Medicare you can see any doctor. So can you switch from Medicare Advantage back to Original Medicare without penalty? The short answer is yes – you can go back to Original Medicare during certain enrollment periods with no penalty. However, your … Read more

An insurance assignment is an agreement that transfers the rights or benefits of an insurance policy to another party. It gives that party the authority to file claims, make repair decisions, and collect insurance payments without the involvement of the policyholder. Insurance assignments can be helpful in certain situations but also come with risks that … Read more

The Affordable Care Act (ACA) requires employers to report the cost of health insurance coverage on employees’ W-2 forms. This reporting helps employees understand the value of their employer-provided health benefits. What is Form W-2? The W-2 is an annual tax form that employers must send to employees and the IRS at the end of … Read more

American Income Life Insurance is a life insurance company that offers various types of life insurance, including whole life insurance. With a whole life insurance policy, you may have the option to borrow against your policy’s cash value. Here is what you need to know about borrowing from an American Income Life whole life insurance … Read more

Reinsurance is a critical risk management tool for insurance companies. It allows them to transfer a portion of policy risks to a reinsurer. There are three primary methods of reinsurance used – treaty, facultative, and hybrid. Each has advantages and disadvantages to consider. Overview of Reinsurance Methods Treaty reinsurance covers a predefined group or book … Read more

Health insurance plans often have cost-sharing features like deductibles, copayments, and coinsurance to help split covered medical costs between you and your insurance company. One common coinsurance split is 80/20, which means your health plan pays 80% of the allowed amount for covered services after you meet your deductible. But what exactly does this 80/20 … Read more

Coinsurance is a common clause in commercial and residential property insurance policies. It requires the policyholder to insure their property to a specified percentage of its replacement value. The most common coinsurance percentage is 80%. So what exactly does 80 coinsurance mean for your property insurance coverage? What is coinsurance? Coinsurance is a provision in … Read more