Anthem and Blue Cross Blue Shield (BCBS) are related but separate health insurance companies. Anthem owns and operates for-profit BCBS plans in 14 states. In these states, Anthem has an exclusive license from the Blue Cross Blue Shield Association to market plans under the BCBS brand. However, Anthem plans are not the same as the … Read more

Hired and non-owned auto insurance provides liability coverage for vehicles that a business does not own but uses for commercial purposes. This type of coverage is important for companies that have employees driving rented, borrowed, leased, or personal vehicles for work activities. Here’s an overview of what hired and non-owned coverage includes: Hired Auto Coverage … Read more

Buying life insurance can be an important financial decision for small business owners. Term life or permanent life insurance policies provide protection for your loved ones if you pass away unexpectedly. But life insurance policies also have unique tax implications, especially when combined with an S corporation. In this comprehensive guide, we’ll cover everything you … Read more

Liberty Mutual’s slogan “Only Pay for What You Need” refers to their customizable home insurance offering. But what exactly does this mean for customers shopping for homeowners coverage? Let’s break down the details behind this popular tagline. Customizing Your Home Insurance Policy The phrase highlights how Liberty Mutual provides customized home insurance policies. Rather than … Read more

Providing quality health insurance for yourself and your employees is crucial for any business. But the rules around who can receive tax-free health benefits vary depending on your corporate structure. Specifically, C corporations have unique advantages when it comes to deducting health insurance costs for owners and shareholders. In this comprehensive guide, we’ll explain how … Read more

UnitedHealthcare Select Plus is a preferred provider organization (PPO) health insurance plan offered by UnitedHealthcare. It provides the flexibility to see any doctor or facility while incentivizing use of in-network providers for lower costs. Here’s an overview of how UnitedHealthcare Select Plus PPO insurance works. What is UnitedHealthcare Select Plus? UnitedHealthcare Select Plus is a … Read more

When reviewing your health insurance policy details, you may notice your annual deductible has two separate dollar amounts listed – an “in-network” deductible and a higher “out-of-network” deductible amount. For example: In-network deductible: $1,000 Out-of-network deductible: $2,000 This often leaves people wondering – why are there two different deductible amounts on my health plan? Below … Read more

Universal life insurance is a form of permanent life insurance that combines lifelong coverage with a cash value component. This cash value can grow on a tax-deferred basis and be used in various ways during your lifetime. But what happens to any remaining cash value when the policyowner passes away? When you die, the cash … Read more

A 2% deductible in a home insurance policy refers to a percentage-based deductible that is equal to 2% of the dwelling coverage limit. This type of deductible is less common than a flat dollar deductible, but is sometimes used for homes in areas prone to major disasters like hurricanes. Here’s what you need to know … Read more

The insurance industry in India has seen rapid growth in the last few years. To further increase insurance penetration in the country, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new distribution model in 2015. This model gave rise to Point of Sale Persons (PoSPs) as a new category of insurance distributors. … Read more