Many people new to Medicare are unsure about how the deductible works – do you have to pay it upfront when you get care? Or does Medicare pay its share first? Understanding Medicare’s deductible policies can help you better budget for health expenses. What is the Medicare Deductible? The Medicare deductible is the amount you … Read more

Giving out your Medicare number over the phone can open you up to fraud, waste, and abuse. Medicare and other government agencies advise extreme caution before sharing this sensitive information. What is the Medicare Number? The Medicare Number is the unique identification number assigned to each Medicare beneficiary. It consists of 11 characters – letters … Read more

When shopping for insurance, you may come across the terms “admitted” and “non-admitted” insurance carriers. This refers to a company’s status and certification under state regulations. So is Progressive, one of the largest auto and home insurers, an admitted or non-admitted carrier? The short answer is yes, Progressive is an admitted insurance company in all … Read more

The health care workforce is a vital part of the United States economy and provides essential services to the population. But how many health care providers are there actually in the US? In this comprehensive guide, we’ll examine the latest data and statistics to understand the size and composition of the health care workforce. Overview … Read more

Whole life insurance provides lifetime coverage along with a cash value savings component. This cash value can be accessed through withdrawals or policy loans while the insured is still living. But dipping into the available cash affects the other key policy value – the death benefit and face amount. Reducing cash value can shrink the … Read more

If you’re considering getting into the insurance industry, one of the first questions you probably have is – which license offers the highest earning potential? The insurance sector encompasses various lines of coverage, from auto and home to health and life. And different licenses are required to sell each type legally. But not all insurance … Read more

You get into a car accident and file a claim with your auto insurance company. As the claim process drags on, you start to get frustrated with how your insurer is handling things. Can you legally switch to a new insurance company mid-claim? Or are you stuck until the claim gets fully settled? The answer … Read more

If you have a Medicare Supplement (Medigap) policy and are moving, one key question is whether you need to also switch to a new Medigap plan. The good news is that in most cases, you can keep your same Medicare Supplement coverage when relocating. However, there are some important factors to consider regarding your Medigap … Read more

Loadings are extra charges added to insurance premiums to account for higher-than-expected risks. Loadings allow insurers to adjust pricing based on individual risk profiles. But how exactly do loadings work and when are they applied? What Is a Loading in Insurance? A loading is an additional premium charged to policyholders who are deemed higher risk … Read more

Medicare Part D provides prescription drug coverage for Medicare beneficiaries. While this coverage is optional, there are costs associated with enrolling in Part D plans. Understanding what you may have to pay can help you choose the right plan to fit your prescription needs and budget. Monthly Premiums Most Part D prescription drug plans charge … Read more