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Why Some Health Insurance Plans Were Dropped

Posted on: Wednesday, November 20, 2013  Comments (0)

 With just over a month to go before the Affordable Care Act is fully implemented, many people are finding that their plans have been dropped.  Even those whose plans were "grandfathered" in are being affected.  How did this happen and what does the government plan to do to rectify this situation?  



The Facts about Supplemental Health Insurance Products

Posted on: Thursday, November 14, 2013  Comments (0)

Health insurance policies are designed to to help you and your loved ones cover medical costs in the event of an emergency.  Some costs, however, might be considered as non-medical and therefore might not be covered by your policy.  This is why having a supplemental insurance policy is vital for you and your family. 



Insurance for the Condo Owner

Posted on: Wednesday, November 13, 2013  Comments (0)

One of the risks that condominium owners face is not getting enough insurance coverage.   It is imperative that all condo owners thoroughly understand the specifics of what the condominium association’s master insurance policy will, and will not, cover.  Here's what you need to know about Condo Insurance



Understanding the Difference between Universal and Whole Life Insurance

Posted on: Tuesday, November 12, 2013  Comments (0)

Life Insurance is intended to provide you and your family with financial security.   Term life insurance covers you for a specified length of time while Permanent life insurance, never expires.  However, there are two types of Permanent life insurance, Whole life and Universal life.  What's the difference and how do you choose the best plan for you and your family?



Taking the Insurance Exam

Posted on: Friday, November 8, 2013  Comments (0)

You have decided to pursue a career in the insurance industry.  Congratulations! Now the real work begins, as you prepare to take your state’s certified insurance license exam.



What you need to Know about Commercial Property Insurance

Posted on: Thursday, October 31, 2013  Comments (0)

As a business owner, you are perpetually dealing with the daily strains of keeping your company going. Undoubtedly, you’ve purchased an insurance policy covering your business for loss to all physical property, such as the building, fixtures, equipment, and inventory. However, does your policy cover all your needs?



What is the Minimum Medical Loss Ratio?

Posted on: Wednesday, October 30, 2013  Comments (0)

Since 2011, insurance providers have been required to spend a minimum percentage of their adjusted premium revenues on patient care claims and quality improvement expenses. For large group insurers, this amount is 85%, and lowers to 80% for individual providers. Failure to meet these requirements will result in these providers issuing rebates to their enrollees. This is known as the Minimum Medical Loss Ratio, or MLR, provision of the Affordable Care Act.



Understanding Commercial Auto Insurance

Posted on: Tuesday, October 29, 2013  Comments (0)

 Most states require that motorists carry automobile liability insurance. Collision damage, to say nothing of bodily injury, could cost you massive out-of-pocket expenses if you had no insurance for your vehicle. Whether you have a fleet of vehicles, or just one van, your business cannot afford to be without coverage. One accident could wipe out your business forever.



Hospital Mergers under the ACA

Posted on: Thursday, October 24, 2013  Comments (0)

 Hospital mergers have been increasing at an amazing rate in the last few years.  In the past, many factors such as corporate consolidation and municipal spending cuts contributed to the merger frenzy. Now, however, there is likely one primary reason for the recent uptick, and that is the Affordable Care Act. 



What is Subrogation?

Posted on: Wednesday, October 23, 2013  Comments (0)

Have you ever been in an accident in which you’ve been injured, or concerned that you might have suffered an injury?  If you have, chances are that your insurance company has conducted research to see whether or not a subrogate is required.  What is a subrogate and how does the process work?  Read more to find out.