"Commercial insurance endorsements" is a phrase that insurance companies and brokers frequently use, but few business owners understand what an endorsement is. An insurance endorsement (or rider) amends a commercial insurance policy by adding, removing, or excluding specific categories of coverage. It enables you to tailor your insurance to your specific demands or budget without…
Fibromyalgia and Medicare
Fibromyalgia, a medical illness that causes musculoskeletal pain throughout the body, affects approximately 4 million people in the United States. While it is not an age-related disease, the symptoms are more severe in seniors. It can cause severe pain and make daily tasks difficult. There is still a lot of mystery surrounding this condition, but…
Does Medicare Cover Genetic Testing?
The Centers for Medicare and Medicaid (CMS) has begun covering genetic sequencing in 2018. It began when the FDA approved FoundationOne CDx, a test that can detect over 300 types of gene mutations. While Medicare does cover genetic testing to help detect possible health conditions it only covers a few types of genetic testing, and…
How Your Group Health Premiums Are Calculated
Factors like age or tobacco use can significantly affect your premiums. Find out more of what affects your group health coverage.
How Tobacco Use Affects Health Insurance
Insurance companies can’t change your premiums based on your medical history or turn you down for any pre-existing conditions. However, they can change your premiums based on other things, such as whether or not you smoke. If you regularly smoke, vape, or even chew tobacco, your health insurance can cost up to 50% more. Companies…
The Importance of Your Child’s Dental Health
Kids and adults actually have a lot of the same dental issues, but since kids' teeth are still growing, they are more likely to have problems. If you don't treat tooth problems early, they can get worse and cause their adult teeth to come out of place. If kids of any age don't take good…
Professional VS Ordinary Negligence
Any business can make mistakes, but companies that offer industry specific expert services or consulting are more vulnerable to negligence claims when they make a mistake. If your company gets sued due to a mistake or misleading information, it could hurt both your reputation and your bottom line. Negligence suits are one of the most…
Medicare Annual Enrollment Period (AEP) FAQ
If this is your first year participating in the Medicare Annual Enrollment Period (AEP), you may be confused about what you need to do. Getting the information you need is crucial if you want to make sure your Medicare plan is ready for the upcoming year. You could lose hundreds of dollars if you don't…
What Is An Assigned Risk Pool?
An assigned risk plan is a workers compensation plan set up by the state for businesses that cannot get a workers compensation plan from a ‘regular’ insurer. Plans with an assigned risk are also known as the leftover market or the assigned risk pool. This safety net is the last option for employers who don't…
How ESRD and ALS Affect Medicare
When you think of Medicare you likely think of the health insurance system designed for people over 65, but there are some cases where younger people are also on Medicare. Some people with disabilities who are younger than 65 can get Medicare. These people must have been getting disability payments from Social Security for at…
What Are Part B Excess Charges?
While shopping for Medicare Supplement Plans you might see something called a Part B excess charge. You’ll specifically see this term in the discontinued Medicare Supplement Plans C and F. Providers who take Medicare usually also take Medicare assignment, which is the amount Medicare will pay for certain services. So, thankfully, excess charges don't happen…
COBRA: What You Need To Know
Due to recent events, unemployment in the U.S. has reached an all-time high. And because our healthcare system often ties coverage to work, there are a lot of people who could lose their access to healthcare. If you, like many employers, are worried about your workers in these uncertain times. Remember that if you have…
Variable Life Insurance: When you Need Flexibility
Looking for the ideal life insurance policy? While you're researching all of these options, you might want to consider one that's often overlooked: variable life insurance. This is a type of whole life insurance policy with a cash value determined by the amount of premiums paid, the policy's fees, and the success of your investments.…
What Is a Workers’ Compensation Audit?
You know how important it is to have workers' compensation insurance if you run a business. More often than not, you legally have to have this kind of insurance. But workers' compensation is one of the hardest types of business insurance to understand and follow the rules for. Each state has its own rules about…
HRAs: ICHRA vs QSEHRA
You’re not the only one who wants to know what the difference is between an ICHRA and a QSEHRA. This is one of the more common questions business owners ask when they’re trying to decide which benefits to offer their employees. Both plans are health reimbursement accounts (HRAs). They make it possible for you, the…
Is Alternative Medicine Covered By Health Insurance
The term "alternative medicine" is now commonly used, but chiropractic care, acupuncture, and therapeutic massage aren't really that alternative today. Many adults and children use complementary and alternative medicine (CAM) to stay healthy and treat serious or long-lasting illnesses, according to the National Center for Complementary and Integrative Health. It's possible that a lot more…
Tips To Maximize Your Health Insurance Plan
The average person in the United States spends about $3,400 a year on health insurance. If you're going to spend a lot of money on health insurance, you should make sure you're getting the most out of it. You’re already paying for the benefits so why not use them and get your money’s worth. To…
Why Does Open Enrollment Exist?
By now you know that the Open Enrollment is the only time where you can enroll or change your health insurance plan. But what you might not know is why the Open Enrollment Period exists. The short answer is that it prevents adverse selection. Which is when people only buy health insurance when they’re sick…