TUESDAY, MAY 11, 2021
Though durable, your home is not immune to damage, sometimes from the smallest invaders. Bugs, termites, other vermin and mold could look harmless, but if ignored they could do a lot of property damage in a short time. Unfortunately, homeowners insurance might not cover these damages.
Posted 11:46 AM
THURSDAY, MAY 6, 2021
If you have a car wreck, then you might have to file a car insurance claim. Still, one of the side effects of doing so is that your rates might rise as a result of the claim. However, higher rates are not guaranteed after a claim, which is why it helps to be honest with your agent when you start this process.
Posted 11:46 AM
TUESDAY, MAY 4, 2021
Everyone knows that spring is a time of beautiful weather, but it can turn dangerous in an instant. Warm fronts can cause an uptick in severe weather, and when they strike, they can do considerable damage, particularly to your car.
Your car is meant to be used outdoors, but that does not make it immune to weather damage.
Posted 11:46 AM
THURSDAY, APRIL 29, 2021
A business cannot succeed without customer satisfaction, and your goal is obviously to provide expert services and an all-around great experience for your customers. The company that puts its clients first, after all, is certainly more likely to succeed even during challenging times.
Posted 12:12 PM
TUESDAY, APRIL 27, 2021
Everyone knows how expensive health care can be, from the most routine care to cutting-edge treatments. This places a significant cost burden on both providers and their patients. Where patients get the most cost assistance is by using their health insurance. It makes health care astronomically more affordable, proportional to the cost of care.
Still, health insurance doesn’t eliminate the consumer’s cost responsibility altogether. Most plans don’t cover all costs of care with a $0 responsibility from the patient. Usually, you will have to pay certain costs, depending on the care received. Here’s a closer look.
How Health Insurance Requires Payment
All health insurance plans are different, but each will assign different cost responsibilities for different types of care. Some of the factors that determine cost are:
- Your plan’s coinsurance level. Different plans offer different proportions of coverage. For example, some plans will pay for 80 percent of your health care costs while you pay 20 percent. Other plans pay 70 percent while you pay 30 percent.
- The deductible on your coverage. Many plans come with deductibles. This is the cost for your care that you must shoulder on your own. Usually, you pay more for your care before you meet the deductible. After you pay off the deductible, your bills will likely drop. Even so, often, you can still receive certain covered care before paying off the deductible cost.
- Co-payment requirements. Co-payments are small costs that you pay when you go to the doctor. Your co-payment might vary based on the type of care you receive. For example, a primary care visit might cost $30, while a specialist visit might cost $50.
Different types of care are subject to different pricing requirements. For example, regular physicians visits might only be subject to a copayment, whereas hospitalizations and surgeries might face coinsurance and deductible limits. Other services, like vaccinations might be covered at 100%, meaning you pay nothing for these essential, preventive care needs.
Keep in mind, some services won’t have insurance coverage at all. For example, cosmetic surgery is frequently excluded from coverage unless it is medically necessary. If you visit a physician who does not accept your insurance plan either, then that care is unlikely to be covered, either.
Don’t forget, you’ll still have to pay your premium costs as an added expense. This is the bill you pay for your health insurance policy, and you must pay it regularly to be able to continue to receive coverage. Talk to your insurance agent about the costs you will likely pay for your plan. They can help you determine policy is the best for you.
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