Choosing the right individual health insurance plan seems not to be quite easy. To make a good choice and avoid some common traps, however, you need to keep a few basics in mind, starting with the meaning of such terms as premium, deductible, copay, and coinsurance. Then go through the checklist provided here, with your likely medical […]
If your claim has been rejected and you think it’s unfair, there are things you can do to address the problem.
Why might your claim be rejected?
Did You Use A Broker?
If you bought your policy through an insurance broker, they might make your complaint for you – it’s worth asking, to save yourself the hassle.
There are […]
You have an expensive smartphone and/or you’re locked into a long-term contract
You have a history of lost or broken phones
You couldn’t afford to replace the handset and you wouldn’t want to downgrade to a cheaper model
You rely on your mobile phone and would need an instant replacement if it was lost, stolen or damaged. (Bear […]
It can be tempting to buy the cheapest insurance you can find but it may not cover your needs. Here’s what to look for in the small print.
Cheap deals will have strings attached. If you have an accident, the company may charge you a big ‘compulsory excess’ – that’s the amount you have to pay […]
The right choice between whole and term life insurance depends in large part on the circumstances of the person making the decision. Term life policies are ideal for people who want a lot of coverage but do not want to pay a lot for premiums each month. Whole life customers pay more in premiums for less coverage, […]
Learn what types of insurance are out there – and what protection they offer.
By learning the types of insurance you can purchase, you can begin taking essential steps to protect yourself, your loved ones, and your belongings. Here is a summary of what’s available to help you protect what’s most important:
If you have replacement […]
Introduction to Health Reimbursement Arrangements
A Health Reimbursement Arrangement (HRA), commonly referred to as a Health Reimbursement Account, is an IRS approved, employer-funded, tax-advantaged employer health benefit plan that reimburses employees for out-of-pocket medical expenses and individual health insurance premiums. A Health Reimbursement Arrangement is not health insurance. A Health Reimbursement Arrangement allows the employer to make contributions to […]
General Liability Insurance:Every business, even if home-based, needs to have liability insurance. The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party.
Property Insurance: If you own your building or have business personal property, […]
Most people understand insurance basics, but how about the other intricacies, such as who invented insurance and what are the craziest things that have been insured? Here are some insurance fun facts:
When was insurance invented?
The basic premise behind insurance to minimize or share risk through cooperation and mutual aid is as old as humankind. Reaching […]
In today’s world, you can buy insurance through a professional middle man/woman (agent or broker), or by calling a toll-free number or going online. If your insurance needs are simple; just a car, for example, you can safely buy a policy on your own, as long as you understand the choices that matter: Adequate liability […]