howtopro You might need to use an out-of-network provider for several reasons. Maybe you experienced a medical emergency and had to be treated at the nearest hospital. Or perhaps you needed to see a specialist, but the closest one in your network was hundreds of miles away. Whatever the reason, health care costs associated with a provider outside … Read more
DEFINITION Capitation payments are fixed payments to a medical provider from a state or a health plan. Capitation payments are fixed payments to a medical provider from a state or a health plan. These payments are paid monthly for each member enrolled in the health care plan. No matter how many times the member visits … Read more
DEFINITION Loss ratio reflects the amount of money an insurer earns in premium receipts minus the amount spent in claims payments and claims administrative costs. Loss ratio reflects the amount of money an insurer earns in premium receipts minus the amount spent in claims payments and claims administrative costs. Along with expense ratios, loss ratios … Read more
Property and casualty insurance describes various insurance products that protect your assets (home, belongings, cars) and you when you’re legally responsible for damages to someone else’s property or another person’s injuries. Definition and Examples of Property and Casualty Insurance Property and casualty (P&C) insurance are two types of insurance. The property insurance side protects your personal … Read more
Thinking of renting out your home? Then you may need a landlord insurance policy. Here’s what you need to know to decide if you should get landlord insurance, some money saving tips, and coverage needs to consider if you are renting your house to others. What Is Landlord Insurance? Landlord insurance is the kind of … Read more
Whether you’re a new homeowner or you’ve been repaying your mortgage for a while, you can financially protect your home through a few different insurance options. If you’re a new homeowner, you may have recently received an offer of mortgage protection insurance in the mail. It may come in the form of a postcard, or … Read more
Credit unions and bank accounts are among the safest places to keep your money. But what happens when financial institutions fall on hard times, as they did during the 2007–2008 financial crisis? During that period, numerous banks and credit unions failed as a result of bad investments. Fortunately, account holders are often protected by deposit … Read more
When you quit or lose a job, the thought of losing your health care plan can add to your worry about the future. The good news is that under the Consolidated Omnibus Budget Reconciliation Act (COBRA), most people who work for public or private entities with 20 or more employees can keep the health plan … Read more
There are times when it’s necessary to cancel a health care plan, such as when you start a new job or age out of your parents’ coverage. Sometimes, terminating health insurance is as easy as making a phone call or accessing your online account. But policy rules can vary, depending on who provides your coverage. … Read more
You may not need a car for everyday life, but when jetting off to Maui or Milwaukee, a rental car might be essential. But can you rent a car if you don’t have auto insurance? And if you already have insurance, will that policy cover rental car damages and accidents, or do you need to … Read more