Stacked insurance is an option that can provide drivers with extra protection in the event of an accident with an uninsured or underinsured motorist. By combining or “stacking” coverage from multiple vehicles or policies, you can increase the limits of your uninsured/underinsured motorist (UM/UIM) coverage. But what if you only have one car? Is stacked … Read more
When you first enroll in Medicare and get your red, white, and blue Medicare card, you may notice it doesn’t contain a group number. That’s because Original Medicare is not a group health plan. However, if you have a Medicare Advantage, Part D prescription drug plan, or Medigap policy, you may have a group number … Read more
Insurance companies make money in several key ways: Collecting Premiums The primary way insurance companies generate revenue is by collecting premiums from policyholders in exchange for insurance coverage. The premium is essentially the policyholder’s payment for transferring the financial risk of potential losses to the insurer. The insurer pools these premiums together to pay out … Read more
A trip to the doctor often comes with sticker shock these days. You may see an initial bill for $500 for an office visit, but your insurance claim shows they only paid $100 of that. This gap between healthcare charges and insurance reimbursements is a complex issue rooted in the economics of modern medicine. The … Read more
If you’re a healthcare provider that bills insurance companies for services, you may have received a request to complete a W9 form. This is a common requirement from insurers, but one that often leaves medical practices wondering – why exactly does the insurance company need my W9? This article will explain what a W9 is, … Read more
If you receive Medicare benefits and suffer injuries in an accident caused by someone else, you may be able to pursue compensation through a personal injury claim or lawsuit. However, if Medicare covered treatment for your accident-related injuries, they may seek reimbursement from any settlement you receive. So how much can Medicare take? Below we’ll … Read more
Once you become eligible for Medicare at age 65, you have the option to enroll in or defer enrollment in Medicare Part B (medical insurance) and Part D (prescription drug coverage). However, you cannot pause your Part A coverage if you are receiving it premium-free. You’d have to completely drop Part A and Part B, … Read more
Apple Wallet allows you to digitally store things like credit cards, transit passes, event tickets, and more. This provides easy access to them on your iPhone versus carrying around physical cards and documents. A common question among Medicare recipients is – can you add your red, white, and blue Medicare insurance card to Apple Wallet? … Read more
Lloyd’s of London has played a major role in the history and development of the insurance industry. As one of the oldest insurance markets in the world, Lloyd’s pioneered many innovations in insuring risks that helped shape the coverages we have today. The Origins of Lloyd’s in Marine Insurance The origins of Lloyd’s date back … Read more
When applying for various types of insurance, you may wonder – do insurance companies ask for proof of your occupation? The answer is, it depends on the type of insurance and the specific provider. For certain policies like disability or business insurance, verification of your occupation is often required. For other policies like auto or … Read more