Search Results for: blog the glossary of insurance terms

The Affordable Care Act Glossary

By now, you have undoubtedly heard of the Affordable Care Act. When it is discussed, people tend to use jargon and phrases that you might not entirely understand the meaning of. Fortunately, there is an Affordable Care Act Glossary at HealthCare.gov that can help you. The Patient Protection and Affordable Care Act (also know as the Affordable Care Act or “Obamacare”) was signed by President Obama in 2010. It is a series of health reform laws and regulations that are designed to help consumers find affordable health insurance coverage. There are a whole lot of terms that people use when … Continue reading →

Standardized Insurance Forms are On the Way!

Starting next year, there will be new, easier to understand, insurance forms. These forms will be standardized, and insurance companies would be required to use them. This will make it much easier for consumers to compare health insurance plans, in order to find out which one is best for them. The new, standardized, health insurance forms were released today by the Department of Health and Human Services. Consumers will be receiving these six page forms beginning on March 23, 2012. These forms were created after several different surveys showed that most Americans find it difficult to understand and select health … Continue reading →

Insurance – There’s an App for That!

When you think about iPhone apps, you probably think of games like Words With Friends, or Angry Birds. Other apps are designed to be a quick resource of a specific kind of information that you might need to access while you are away from your computer. Did you know that there are insurance related apps? It seems some insurance companies are getting into the app market. What kind of apps do you have on your smartphone? In addition to some fun games, you might have apps that let you know about sales, that give you directions, or that help you … Continue reading →

What is PPO health insurance?

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There are many different kinds of health insurance that you can choose from. If you are getting your health insurance through your employer, you are pretty much locked into whatever the employer offers. However, if you are on your own, then you can make your own choice about what kind of health insurance is right for you. One of the most popular forms of health insurance is called a PPO. This stands for Preferred Provider Organization. It is a network of health care providers that include hospitals, as well as specific doctors. The insurance company has contracted these doctors and … Continue reading →

Insurance Company Refused to Cover than Reconsidered Too Late

Welcome to 2008, hopefully your family had a better end to the year 2007 than the family of Natiline Sarkisyan. Their year ended with a funeral for their teen-aged daughter who died after her health and medical insurance company refused to pay for a liver transplant and then reconsidered. The Philadelphia-based Cigna HealthCare insurer has a history of approving coverage for over 90% of all transplants claims requested by their insured members, with over 90% of the liver transplant request being approved according to Cigna company President David Cordani in a memo addressed to employees and distributed to the media. … Continue reading →

Fall Household Insurance Inventory Check List:

With the holidays looming it’s the best time to double check your photography and video equipment to make sure it’s in good working order. A great way to do that is starting a digital household inventory. By starting this project now, you will also be ready to take inventory of your special holiday items. With all the modern tools we have there is no reason any of us should put this project off. Most people reading this Blog are already talented enough on the computer to find the information you need, chat and share pictures. In order to completely understand … Continue reading →

Halloween Insurance Tips: Are You Inviting Trick-or-Treater’s?

The Trick-or-Treater’s will be knocking on your door tomorrow night! It’s your responsibility as the homeowner and insurance policy owner, to prevent losses. Halloween is a huge liability exposure. By decorating, turning your porch light on, and handing out treats homeowners invite some of the most common, and most expensive liability claims. To make it simple, any injury that any person might suffer while their feet are on you property can be considered your liability. Take a few moments and consider these important issue before inviting the neighborhood to knock on your front door: If you trip over the garden-hose … Continue reading →

Auto Insurance and Students Away At College

Recently a Families.com member asked me about adding a college student to personal auto insurance: My son got his driver license this summer and is now in an out of state college. He is not going to drive while at school. However, when he is back for Christmas or Summer (may be for two to three weeks), he will drive our car. Should I include him in our auto insurance? Or should I include him in our auto insurance only during the period when he is back? Some agents claimed that including him all through the year will help him … Continue reading →

Insurance Blog Week In Review August 22-28, 2007

Insurance Term Of The Week: Dog Bite Liability Wednesday August 22, 2007. For the Small Business the week started with information about liability and Insurance many individuals and businesses need to consider. The Difference Between Claims Made and Occurrence Liability Policies, may not be the most exciting thing to read but, interesting for any small business person. Thursday August 23, 2007. The Small Business Insurance category has been a little slow, so I decided to build on yesterday and add The Basics about General Liability and Professional Liability Insurance I know this isn’t as exciting as Body Part Insurance, but … Continue reading →

Plump Pets and Pet Health Insurance Study About Pet Obesity

The nation’s oldest and largest pet insurance provider, Veterinary Pet Insurance (VPI), ran a study reviewing Pet Health Insurance claims and found more than $14 million dollars was paid out for claims linked to pet obesity with plump-pets health care needs representing seven percent of all the pet medical claims submitted to VPI in 2006. Veterinarians know obesity is as harmful for our pets as it is for their owners and humans. Nearly all body systems are required to work harder to support the extra weight Obesity adversely affects the quality and length of life, for our pets and us. … Continue reading →