2021-09-27 - Insurance Updates

27Sep

By OwnershipNo Comments

Auto Insurance

Overview of Car Insurance

Car insurance is a very important thing for every car owner, regardless of the location they are in. Every state gas got its own requirements. There are some requirements that the drivers must meet so as to be able to purchase insurance and be able to drive without getting into trouble. Also, car insurance can also be an expensive and complicated affair. Most drivers find themselves operating and they do not understand emergencies that are covered. It is important to speak to a professional about some insurance questions, but there are some basics that everyone looking for car insurance should understand.Property and liabilityIn auto insurance claims, there are usually two types of claims that you can find and they are property and liability. Usually, liability will cover you the car owner...

27Sep

By OwnershipNo Comments

Supplemental

Understanding The Medicare AEP Or Annual Enrollment Period

The best way for individuals who have Medicare coverage to ensure that you receive the best value possible is to compare the different plans prior to switching during the 2014 AEP or Annual Enrollment Period. There are four parts of Medicare Insurance Plans which includes Parts A, B, C/Medicare Advantage, and D. The AEP does not apply to those individuals who already have Medicare supplement insurance. However, they are not restricted from switching during the AEP period, especially if they benefit from switching.Whether you currently have Medicare coverage, a Medicare Advantage (MA) plan, or Part D (prescription drug) coverage, you have one opportunity to make the changes you desire once per year during the AEP. That period is referred to as Medicare's Annual Election Period or the Open E...

27Sep

By OwnershipNo Comments

Vision

Vision Insurance Considerations

Like all medical related costs, vision costs have soared in the last decade, particularly in the last 5-years. Today, as the economy tightens many health care plans do not include optometry or vision care. Even prescription glasses or contacts can cost a bundle and on top of that you will be hit for the eye examinations that go along with them, these can cost a pretty penny these days. If you have a large family or you need your eyes to earn a living, you really cannot be without eye care or vision insurance.Some company health care plans allow you to add vision insurance onto your policy even if your policy excludes it. If you are self-employed or your company or employment has no plan or plans available, then you may wish to consider a PPO or preferred provider policy. You might also thi...

27Sep

By OwnershipNo Comments

Long Term Care

Waiting Periods in the Life Insurance Business

People who often are beneficiaries of claims by policyholders need to know some of the facts about filing claims so that they do not hit a dead-end while doing so. First, you need to understand the terms and conditions by which the policyholder agreed to sign in to an agreement with the insurance company. Too many people either have lost money left over by their deceased or have filed claims to insurance companies with zero results.The first thing that you need to do, both as the policyholder and the beneficiary is to go through the terms and conditions of the policy, understanding the fine print with the help of an agent or a representative of the company. It may not be a bed of roses to come to such a meeting, but it will help you clear the air and assist you file a claim easily.That sai...

27Sep

By OwnershipNo Comments

Supplemental

Is Medigap Insurance The Same As A Medicare Supplement?

Medigap insurance: Calling it what it isWhen you first become eligible for Medicare you should be excited and relieved that you can have some credible health insurance that won't break the bank. But Medicare isn't free and a share of the cost for Medicare-covered services is your responsibility.To help control some of those costs, insurance companies offer supplemental policies referred to as Medigap insurance. Medigap is so named because it's a way to fill some of the gaps in Medicare. Some initial confusion is the result of not knowing what Medicare gaps are. The gaps filled are not gaps in covered services, but rather the expenses that are your responsibility.A Medigap policy supplements Medicare by paying a share of your expenses. And that is why Medigap is also known as a Medicare sup...