[su_box title=”Keep in mind…” style=”default”] Referrals play a key role in healthcare plans Plans use networks of medical care providers to deliver benefits and services for members Referrals give permission to use network resources Some plans use doctors to make referrals while others allow members to choose for themselves and Read more…
[su_box title=”Keep in mind…” style=”default”] Health insurance companies pay a portion of annual medical bills in exchange for the insured paying monthly premiums, deductibles, out-of-pocket limits and any additional coinsurance fees An individual pays a monthly premium either directly to the insurance company or through company payroll at an agreed Read more…
[su_box title=”Keep in mind…” style=”default”] Medical insurance has many parts and options; the consumer must make informed choices Unlike other types of insurance, there is no simple fee for services arrangement Medical insurance for older Americans has four parts and requires consumer decisions Obamacare is medical insurance for those that Read more…
[su_box title=”Keep in mind…” style=”default”] Some forms of health coverage are considered to be fringe benefits and some are not Fringe benefits are benefits besides wages and salary that are considered to be income (and taxed as such) by the IRS To find out whether or not any of your Read more…
[su_box title=”Keep in mind…” style=”default”] Health insurance can be paid for by employers, the government, or individuals. It often involves some level of cost sharing between these parties Out-of-pocket costs are costs that individuals have to pay either when receiving health care services or on a periodic (e.g. monthly) basis. Read more…
[su_box title=”Keep in mind…” style=”default”] No one can be added to an individual health insurance policy Insurers are generally referring to natural born children, adopted children, stepchildren, foster children, and others under guardianship when discussing dependent coverage Insurance companies refer to the legal spouse as the person to whom you Read more…
[su_box title=”Keep in mind…” style=”default”] An insurance agent and a broker are not the same thing Finding health insurance is easier with an agent You can save hundreds of dollars of money working with an agent rather than finding insurance yourself An agent will consider your budget and medical needs Read more…
[su_box title=”Keep in mind…” style=”default”] Medical insurance cards are mailed by the insurance company after a policy is purchased These cards serve as proof of insurance and have a great deal of vital information printed on them You should keep your medical insurance card with you at all times [/su_box] Read more…
[su_box title=”Keep in mind…” style=”default”] Nearly all health insurance policies allow you to add your wife to your coverage Your monthly premiums will likely go up, but how much they go up will vary You will need to do paperwork and possibly wait for a while before your wife’s coverage Read more…
[su_box title=”Keep in mind…” style=”default”] Dependents can be children of the policyholder, spouses, and other qualifying family members Dependents receive coverage from the policyholder Dependents that are adult children can stay on their parents’ plans until the age of 26 [/su_box] The precise definition of a dependent, as it relates to Read more…
