Medicare is usually the secondary payer, but not always. Check with the patient to see what other type of coverage is involved.Virginia MartinChbc
A guarantor in the context of insurance is an individual or entity that agrees to assume responsibility for the policyholder’s obligations if they are unable to fulfill them. Essentially, a guarantor acts as a backup or co-signer, giving the insurer confidence that they will receive payment in...
The insurer’s risk probability distribution is based on abundant and granular data; for the reinsurer, because we know so little about the many potential catastrophes we face, data is limited. This is why we use probabilistic rather than statistical tools. We don’t foresee what is going to...
Privately held general insurance companies are owned by individuals, families, or a group of investors. Unlike publicly traded companies, ownership in privately held companies is not available to the general public. The owners may include the founders of the company or private investors who have acq...
In addition to your own policy, you can purchase critical illness insurance that covers your spouse and children as long as they meet the insurer’s eligibility requirements for age and coverage amounts. The benefit amount for loved ones may be smaller. ...
Generali unveils the new “Agorai Innovation Hub” Read more Responsible Insurer Generali at Insurtech Insights Europe 2025: leading the future of insurance innovation Read more Responsible Insurer Consolidated Results as of 31 December 2024 Read more Responsible Insurer EU competitiveness: how ...
This threshold is lowered to $2,500 in 2025 (taxes filed in 2026) and further decreases to $600 in 2026 (taxes filed in 2027). (Learn more about the 1099-K form.) 1099-LTC If your long-term care insurance paid out benefits during the year, the insurer will probably file a Form 10...
After college, Jordan worked briefly for the insurerCigna, where a boss spotted his ambition and recommended business school. He was accepted at Stanford, where he told the admissions director he couldn’t afford to go. She told him, “You can’t afford not to.” He made it work through...
Health reform debate has long focused on who gets coverage and how to pay practitioners and hospitals. Few have questioned who should own hospitals and other essential health care resources. The collapse of the 31-hospital Steward Health Care system, driven by its investor-owner’s financial...
However, health insurance doesn’t cover the entirety of medical costs. In a health insurance plan, the consumer and the insurance provider split the costs up to a certain point, after which the insurer must cover the full cost. One of the features of a health insurance plan involving cost...