Formularies are one of the most confusing parts of the new Medicare Prescription Drug Plan. The best plan for you depends on your drug use and the coverage provided by each plan. It is important that Medicare-eligible people understand the formularies in order to choose the best plan for them. What is a formulary exactly? A formulary […]
Category Archives: Finance Guide
08
May
May
The baby boomer generation, born between 1946 and 1964, is one of the largest demographic groups in history. As they age, they are putting immense pressure on the insurance industry to provide adequate coverage for their growing healthcare needs. With this wave of aging Americans approaching retirement age, many wonder how insurance companies will keep […]
08
May
May
Health insurance is a necessity in the United States, yet many Americans struggle with the high costs associated with it. Whether you get health insurance through your employer or purchase it on your own, understanding how much you should expect to pay can help you make informed decisions about your healthcare. In this blog post, […]
08
May
May
Are you confused about dental insurance terms and acronyms? If so, you’re not alone. One of the most common dental insurance acronyms is DMO, but what does it stand for? And more importantly, how can it benefit you? In this blog post, we’ll dive into the world of DMO dental insurance to help you understand […]
08
May
May
Are you a sole proprietor wondering if you can deduct your health insurance premiums on your taxes? As a small business owner, it’s important to take advantage of every tax deduction available to you. Health insurance is a major expense for many entrepreneurs, but the good news is that there are IRS requirements that allow […]
08
May
May
Banks typically require Private Mortgage Insurance (PMI) on home loans with down payments less than 20%, to protect themselves if you default on your payments and don’t keep up with payments. Make a higher down payment or improve your credit score to avoid private mortgage insurance (PMI) premiums altogether; some loans require upfront PMI payments […]
08
May
May
Health plans with coinsurance allow patients to divide the costs associated with medical services or treatments between themselves and the insurance provider, for instance if a procedure costs $100 but your health plan only has 20% coinsurance you will contribute $20 while they cover the remaining $80 of costs. Deductible A deductible is the annual […]
08
May
May
Are you experiencing a gap in coverage while waiting for traditional health insurance to kick in? eHealth offers temporary plans that may provide a temporary solution. These plans typically span from 3 months to one year in duration and are purchased through private insurance companies. As these policies do not have to adhere to ACA […]
08
May
May
Texas doesn’t mandate boat insurance policies for watercraft owners like it does with cars; but having one in place remains wise protection against financial loss. As any boating experience can be hazardous, accidents are bound to happen when out on Grapevine Lake or Lake Texoma. Protect yourself and your investment with this affordable coverage option. […]
07
May
May
Are you familiar with stacked auto insurance? This type of coverage could potentially save you a lot of money in case of an accident, but it’s essential to understand how it works and if it’s right for you. In this blog post, we’ll break down everything you need to know about stacked insurance. From the […]