Search Results for: insurance

Your choice of deductible has an enormous effect on premium costs and out-of-pocket expenses if a claim occurs. To help navigate through all your options and make an informed decision, speak to a tax professional for guidance. Home insurance premiums typically aren’t tax deductible for most homeowners; however, in certain circumstances they could be. Homeowners […]

Insurance policies can be written with legalese that is difficult to comprehend, yet under the Affordable Care Act insurers must now provide consumers with a summary of benefits and coverage, sans legalese, that will enable them to easily compare plans during open enrollment periods. An Explanation of Benefits (EOB) is a document that shows what […]

Health plans typically contract with hospitals, doctors and other providers for discounted rates; these providers are known as “in-network”. Health insurance providers frequently make adjustments to their networks based on reimbursement rates and administrative burden, sometimes even altering doctors who accept current plans – potentially leading to higher out-of-pocket expenses or unexpected bills for these […]

Health insurance in South Carolina protects you against excessive medical expenses. When selecting your plan, ensure it covers your preferred healthcare providers and services. Higher metal tier plans such as Gold plans typically offer reduced out of pocket costs with regard to copays and coinsurance costs, although their monthly premiums tend to be higher than […]

Your condominium association likely maintains a master insurance policy to cover the building and property, but this won’t protect your individual unit or personal belongings. An HO-6 condo insurance policy can fill this void. This type of homeowners insurance provides coverage against dwelling damage, personal property loss and liability claims. To determine how much protection […]

Students with comparable health insurance may apply to opt out of their school’s plan by following instructions from their institution. To do this, follow all relevant steps provided. Students typically must provide an image and summary of benefits for their health insurance card to prove coverage, with some schools also mandating specific waiver deadlines or […]

One speeding ticket shouldn’t lead to a significant rise in car insurance premiums, but that doesn’t mean it should be ignored. Your rates could go up depending on both your insurer and how serious the offense was; going ten miles over the limit on a rural road differs from being caught speeding in an incredibly […]

New York life insurance companies provide many choices. There are term and no-medical-exam policies available throughout the state, while companies like Mutual of Omaha provide whole life policies that gain interest over time and offer dividends as part of their service offering. People who opt for this company can take advantage of competitive premiums and […]

Self-employed workers may claim health insurance premiums as an itemized deduction on Schedule A (Form 1040). Other taxpayers, however, must follow more complicated rules; to claim premiums as itemized deductions if their total exceed 7.5% of adjusted gross income. The tax code defines medical expenses as including costs related to doctors, dentists, hospital stays, prescription […]

Landlord insurance is intended for people who own single- or multi-family houses that they rent out to others, providing cover against damage to structures — including dwellings, other structures and equipment such as lawn mowers and snowblowers — on their properties. Landlords also need protection against liability lawsuits; however, such policies don’t protect tenants’ personal […]