Long-term care (LTC) insurance helps pay for services like nursing home care, assisted living, and in-home care. Policies cover a portion of costs, but are not unlimited. LTC plans have defined benefit limits and maximums. Understanding key LTC policy benefit limits allows you to evaluate options and select appropriate coverage. This article provides an overview … Read more

When you visit a doctor or hospital that is in-network with your health insurance plan, you typically pay a set copayment or coinsurance amount for covered services. But sometimes patients get hit with unexpected higher bills from out-of-network providers, even at in-network facilities. This practice is known as “balance billing” and is illegal in many … Read more

Health insurance is commonly offered as an employee benefit by many companies. But in some cases, employees may want to opt out and decline coverage through their employer. So can you actually decline health insurance offered by your employer? The short answer is yes – employees can refuse employer health insurance coverage and waive participation … Read more

The LIC Tech Term Plan is a pure term insurance plan from Life Insurance Corporation of India (LIC) that provides financial protection to the policyholder’s family in case of his/her untimely death. It is one of the most affordable term plans in the market that offers comprehensive coverage at economical premiums. Like most term plans, … Read more

When it comes time to choose a health insurance plan, you’ll likely come across acronyms like HSA and EPO. These stand for Health Savings Account and Exclusive Provider Organization. They are two common types of health plans that have some key differences. In this comprehensive guide, we’ll explain what you need to know about HSA … Read more

Understanding how deductibles and out-of-pocket maximums work with your health insurance plan is key to knowing what to expect to pay when you need medical care. Meeting your annual deductible is a common occurrence for many people. But reaching your out-of-pocket maximum generally only happens in years when you have significant medical expenses. So what … Read more

If you work in insurance sales, you may have noticed the terms “insurance agent” and “insurance producer” used interchangeably. What exactly is the difference between the two titles? Do they refer to different roles? While there are some nuances, insurance agent and insurance producer largely refer to the same occupation. However, understanding the subtle differences … Read more

Insurance companies provide a vital service by managing risk and providing financial protection. But how exactly do they bring in the income to sustain their large and complex operations? There are two primary revenue streams that allow insurers to remain profitable enterprises: Premiums Investment income By understanding these dual income sources, you’ll gain insight into … Read more

Single member LLCs are increasingly popular business structures for freelancers, consultants, and solo entrepreneurs. A key question for many single member LLC owners is whether they can deduct health insurance premiums for themselves and their families. The answer depends on several factors related to the LLC’s tax status, who the premiums cover, and what type … Read more

Long-term care insurance can be an excellent way to prepare for potential care needs later in life. However, it does come with a significant financial commitment. This leads many considering long-term care insurance to wonder – if I ultimately don’t end up needing care, will I have lost all the money I put into premiums? … Read more