Category: Insurance

As a consumer, you want to get the most for your money when purchasing insurance policies. Brokers can assist in saving costs while offering coverage tailored specifically for you and meeting all requirements. Here is how a broker can assist in saving money: 1. Broker Access Multiple Insurance Providers. A broker provides access to various… Continue reading Maximize Your Savings: Discover How an Insurance Broker Can Help You Conserve Big on Costs

Insurance is used to diversify everyone’s financial risk. Individuals and families pay the insurance company a monthly (premium) fee and the insurance company guarantees that they will pay for eligible medical claims. Some Terms to know include:DEDUCTIBLEA deductible is how much you have to spend for covered health services before your insurance company pays anything.… Continue reading Insurance Fundamentals

Types of Networks Health Maintenance Organization (HMO): A type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. It generally won’t cover out-of-network care except in an emergency. An HMO may require you to live or work in its service area to be eligible… Continue reading Insurance Networks Explained

Employers with 50+ employees are mandated by ACA guidelines to pay 50% of their employee only policies; however, they are not obligated to pay any portion of the rest of a family policy. If your employee only plan is within 9.61% of your household income, this would make you ineligible to receive a premium tax… Continue reading Employer Group Plans