When applying for term life insurance, you may receive a counter offer from the insurance company instead of the initial quote you were expecting. A counter offer adjusts the terms, conditions, or price of the policy from the original quote. Understanding what a counter offer is and how to respond can help you make sure … Read more

Salvage and subrogation are two important concepts in the property and casualty insurance industry. They give insurers ways to recover part of the costs of claims they have paid out to policyholders. Understanding how salvage and subrogation work can provide insights into insurance company finances and operations. What is Salvage? In insurance, salvage refers to … Read more

Medicare undergoes changes each year to adjust costs, benefits, and coverage. However, 2023 marks one of the most significant years for adjustments to the Medicare program. This article will explain the most notable Medicare rule changes going into effect in 2023. Part A Cost Changes Medicare Part A covers hospital insurance services, including inpatient hospital … Read more

Medicaid and the health insurance marketplace, sometimes called “Obamacare,” are two major ways people can obtain health coverage in the United States. But they have some key differences in terms of how they work, who is eligible, and what benefits they provide. Understanding the distinctions between Medicaid and marketplace plans can help you determine which … Read more

Having health insurance protects you and your family by providing coverage for medical expenses. But what if you are in a committed relationship without being legally married? Does your partner still qualify for insurance benefits? The answer depends on your state’s laws and your employer’s policies on domestic partner coverage. Here’s what you need to … Read more

Seeing your auto insurance premium increase at renewal time is annoying but often expected. More confusing is when your bill seems to fluctuate up and down slightly each month. Why does your car insurance payment jump around when coverage remains the same? As it turns out, many factors can cause your monthly car insurance rate … Read more

Medicare is a federal health insurance program that provides coverage for people aged 65 and older as well as some younger individuals with disabilities. The various parts of Medicare help cover specific healthcare costs and services. Two components that often cause confusion are Medicare Part C and Part G. This guide will explain: What Part … Read more

Having multiple health insurance plans can get confusing when it comes to who pays what. Specifically, many wonder if they can use their secondary insurance to cover copays required by their primary insurer. Unfortunately, the coordination of benefits rules do not allow billing a secondary plan for the primary’s copay. This article provides an overview … Read more

Every year, the Centers for Medicare & Medicaid Services (CMS) issues an Inpatient Prospective Payment System (IPPS) final rule to update Medicare payment policies, rates, and quality programs for acute care hospitals. This comprehensive rulemaking process allows CMS to adapt hospital payments to changing costs, technologies, regulations, legislation, and quality improvement priorities. On August 1, … Read more

Dealing with damage or loss of property due to a casualty event like a natural disaster, accident, or theft can be extremely difficult. Not only do you have the burden of repairing or replacing your property, but you also have to navigate the complex tax rules around insurance proceeds and casualty losses. One common question … Read more