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

Medicare Part D provides prescription drug coverage for Medicare beneficiaries. It is an optional program that you can choose to enroll in when you become eligible for Medicare. However, you may decide to defer or delay enrollment in Medicare Part D for various reasons. This article will explore whether you can defer Medicare Part D, … Read more

Recording life insurance on a company’s financial statements involves tracking the cash surrender value and premium payments. Here is an overview of how to account for corporate-owned life insurance policies. Why Businesses Own Life Insurance There are several reasons a business may purchase a life insurance policy: Key person insurance – Replace income lost if … Read more

A payment of premium provision refers to the section in an insurance policy that outlines the policyholder’s responsibilities and options for paying their insurance premiums to maintain coverage. The provision specifies key details like: When premiums are due How premiums can be paid Grace periods for late payments Consequences for non-payment Understanding the payment of … Read more

If you’re shopping for specialty insurance like mobile home or motorcycle coverage, you may come across Foremost Insurance. This company provides policies for RVs, boats, manufactured homes, motorcycles, and other recreational vehicles. But you may notice Foremost’s website and materials mention an affiliation with Farmers Insurance. So are Foremost and Farmers the same company? Or … Read more

Medicare Supplement insurance, also called Medigap, is private insurance designed to help fill coverage gaps in Original Medicare. These policies pay for certain out-of-pocket costs not covered by Medicare Parts A and B. Medigap helps supplement Original Medicare benefits, which is why it’s referred to as Medicare Supplement insurance. But what exactly are the key … Read more