Category Archives: Finance Guide

Before there were Blue Cross or WellPoint plans, a group of Dallas school teachers agreed to prepay hospital care at a monthly cost of 50 cents each – which many consider the first modern healthcare insurance plan. Together with new tax laws that made employer-sponsored insurance nontaxable, this led to an explosion of commercial health […]

Car insurance premiums have increased steadily, particularly for new vehicles. This trend stems from higher repair and replacement costs as well as more claims. No matter the vehicle they drive, drivers need to ensure they have enough coverage in place in order to legally navigate on the roads. This includes state minimum liability coverage as […]

Doctors need life insurance as an important safeguard for their families in case of unexpected death, and purchasing it early can help secure the best rates and policies available. Common advice suggests having coverage equal to 10-15 times your income. Both term and whole life policies can be suitable, depending on individual needs and circumstances. […]

A health insurance policy’s Entire Contract Clause stipulates that insurers must attach a copy of an applicant’s application as part of the policy document itself in order to maintain clarity and ensure transparency for both parties involved, and ensure all information from an application form is also reflected within it. Coverage Limits Coverage limits represent […]

Insurance companies generate revenue by accepting financial risk in exchange for premium payments, using statistical principles such as law of large numbers and risk pooling to limit losses and minimize their exposure. Insurance carriers evaluate applicant data such as age, location and risk history to establish premium rates. They often rely on advanced techniques like […]

Kentucky residents have access to various health insurance plans with affordable premiums and lower deductibles, some even covering additional services such as eye care or dental treatments. Kentucky employers must offer Affordable Care Act-compliant health care plans to employees. Employers may qualify for a small business tax credit to help offset some of their premium […]

Many vision insurance plans provide reimbursements for new frames, lenses and contact lenses purchased with your plan – however these vary according to each individual plan. Individual vision plans can be purchased separately from vision providers or added to your flexible spending account (FSA) or health savings account (HSA). Before choosing one of these plans, […]

Camera equipment can be an expensive investment; its replacement could run into the thousands. A separate policy covering theft, accidental damage and travel with gear could provide peace of mind at a nominal monthly premium cost. Standard homeowner and renters policies often offer the ability to add equipment for an additional premium; however, coverage often […]

Maintain your insurance documents until any claims are settled – this applies for car, home and business policies alike. Claims-made insurance policies must be kept for an indefinite period (or until their tail period elapses), while liability policy claims may arise even long after its term has ended. Therefore, both should remain active. Home insurance […]

Even for the most basic of medical treatments, insurance coverage can be complicated. It can be difficult to determine if you are covered for specialty services such as dermatology. U.S. Dermatology Partners is happy to work with patients to determine coverage, and to maximize medical insurance coverage when possible. This blog will cover the basics of dermatology […]