Word & Brown

SEPTEMBER 13, 2024

In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. The post 5 Health Insurance Essentials Brokers Should Know appeared first on The Insurance Broker Blog.

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Smart Insurance Agents

SEPTEMBER 28, 2024

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

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Broker Broker-Agent Insurance Broker Insured 52

Healthinsurance.org

OCTOBER 16, 2024

For 2025, there are some changes to these subsidies: California : A state program that debuted in 2024 eliminated deductibles and other out-of-pocket costs for applicants with household incomes up to 250% of the federal poverty level (FPL). 4 For 2025, the program is expanding. 33 ( Here’s how to do that.) 33 ( Here’s how to do that.)

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Premium Out-Of-Pocket Broker-Agent Broker 116

American Agents Alliance

FEBRUARY 7, 2025

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. Agents should be experts in their venues, becoming knowledgeable about recent trials and jury awards.

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Jackson & Jackson

APRIL 29, 2024

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations. Strategy: Assess your financial ability to handle a higher deductible without jeopardizing your operations.

Commercial Property 52

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American Agents Alliance

AUGUST 22, 2024

For insurance agents, it is critical to understand the implications of these new requirements and proactively communicate with clients as the changes approach. What Should Be Top of Mind for Agents? With the new regulations approaching, insurance agents have a critical role to play in helping clients navigate the transition.

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Auto Insurance Agents Broker-Agent Property Damage 40

Distinguished

SEPTEMBER 17, 2024

What are some of the key factors you consider when determining appropriate coverage limits and deductibles? If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. So specific to limits, I just mentioned security.

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Smart Insurance Agents

AUGUST 29, 2024

The primary types include Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), Point of Service (POS), and High-Deductible Health Plans (HDHP). HDHPs feature high deductibles but lower premiums, making them suitable for pairing with health savings accounts (HSAs).

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Distinguished

DECEMBER 2, 2024

One of the key reasons is lower deductibles, expert knowledge, and tailored coverage options specifically designed for the unique risks faced by public art installations.  Flexible deductibles and payment options : Our team collaborates with you to tailor deductibles and payment plans, accommodating your budget without compromising coverage.

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Distinguished

DECEMBER 16, 2024

Coverage is offered as an optional add-on, with rates determined by sophisticated modeling that considers location, fragility of items, value of collectibles, storage, deductibles, and other factors. Property and Liability products are distributed through a national network of agents and brokers.

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Smart Insurance Agents

DECEMBER 9, 2024

Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. Ensure that your preferred healthcare providers are within the plan’s network to maximize convenience and minimize out-of-pocket costs. Determine the affordability and value for the coverage provided.

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Jackson & Jackson

APRIL 28, 2024

Cheaper policies can come with higher deductibles, more exclusions, and lower coverage limits, which could cost more in the long run. Work with a reputable insurance broker who understands the unique needs of property investors. How to Avoid It: Shop around and compare policies based on price and coverage.

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Jackson & Jackson

MAY 23, 2024

By staying informed about the intricacies of California’s insurance market and working with a knowledgeable insurance agent, small business owners can make informed decisions about their insurance coverage and mitigate potential risks effectively. Together we can review the options and develop a clear plan for your Insurance needs.

Small Business Insurance 52

Small Business Insurance Business Insurance Insured Insurance 52

Jackson & Jackson

MAY 22, 2024

“Choosing the Right Coverage” Investors should work closely with insurance agents or brokers to understand the available coverage options and customize policies to fit their specific needs. Additionally, investors can explore the option of higher deductibles to reduce premiums.

Property Insurance 52

Property Insurance Commercial Property Commercial Insured 52

Distinguished

JANUARY 28, 2025

As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. If you are a wholesale broker, then getting started with Distinguished Executive Lines is easy.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insured 52

Distinguished

JANUARY 28, 2025

As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. If you are a wholesale broker, then getting started with Distinguished Executive Lines is easy.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insured 52

Distinguished

JULY 22, 2024

Flexible Deductibles and Payment Options : Our underwriting team can take into account your client’s collection, budget, and risk tolerance and design each policy to fit their needs. Property and Liability products are distributed through a national network of agents and brokers.

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Smart Insurance Agents

AUGUST 19, 2024

It’s a good idea to use the online resources from Medicare or talk to a licensed insurance agent. Standalone dental plans usually offer different levels of coverage with varying costs like premiums, deductibles, and yearly limits. Think about things like yearly limits, deductibles, copays, and waiting times for certain treatments.

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Risk Management Monitor

SEPTEMBER 21, 2021

In addition to claims experts, it may also be helpful for the carrier’s loss control team to attend, as well as agent/broker staff. For instance, frequent third-party claims for premises liability may have led to restrictions on Med Pay coverage or a higher deductible to give the customer a bigger stake in safety measures.

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Claim Injury Workers Compensation Risk 75

Word & Brown

SEPTEMBER 25, 2024

Nevertheless, as a health insurance broker, you may be called upon by an Individual & Family Plan (IFP) customer, an employee enrolled in an employer-sponsored health plan, or an employer client acting on behalf of themselves or an employee concerning a claims appeal. For those that were, insurers upheld the denial in 59% of cases.

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Claim Insurance Claim Insured Insurance 52

Burand’s Agency E&O

APRIL 24, 2014

6, 2013), the first E&O suits have been filed against an insurance company for allegedly misleading a consumer into changing their health insurance deductible and thereby obviating the grandfathering clause … According to the Wall Street Journal (Nov.

Deductible 40

Deductible Insurance Companies Broker-Agent Insured 40

Word & Brown

SEPTEMBER 30, 2024

6: Explain Policy Features: Be sure your prospects and clients understand plan deductible(s), copayments, waiting periods, creditable coverage (from a prior/existing group plan), and coverage limits. Another tip that can help you is to partner with the right General Agent (GA).

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ProWriters

APRIL 17, 2024

As you would with any insurance policy, review all coverage limits, exclusions, and deductibles with your clients. ProWriters offers brokers and agents like you the resources you need to achieve more success in your Cyber brokerage.

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Smart Insurance Agents

JANUARY 11, 2025

Working with a licensed insurance broker can also be beneficial, as they can help navigate the complexities of different plans and provide expert advice tailored to your business’s unique requirements. Additionally, engaging with a qualified insurance broker can streamline the process.

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Distinguished

NOVEMBER 7, 2024

The insured is not obligated to repay the insurer for the claim payment, except in cases of deductibles, which are predefined portions of the loss the insured agrees to bear. Property and Liability products are distributed through a national network of agents and brokers.

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Claim Compensation Risk Broker-Agent 52

Property Insurance Centre

SEPTEMBER 25, 2024

It is important not to rely only on the words that a broker tells you, try to read all the details. By understanding these factors, you can take steps to reduce your insurance costs, such as choosing a higher deductible or improving the condition of your property. – Failure to read particular policy documents.

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Cover4LetProperty

OCTOBER 10, 2022

That is to say, you (or your agent) are without a criminal record and have no convictions for breaching landlord laws, regulations, or codes of practice. You might also want to consult a letting agent about a realistic rent for the property you are offering. What are let property insurance brokers?

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Insured Insurance Insurer Property Insurance 52

Jackson & Jackson

MARCH 18, 2024

Compare the coverage, limits, deductibles, and any additional benefits they offer. The post Insuring Your Legacy: The Ultimate Guide to Luxury Handbag Insurance appeared first on Jackson & Jackson Insurance Agents and Brokers. Consider the customer service they provide and their claims process.

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Insured Insurance Insurer Insurance Policy 52

Distinguished

MARCH 25, 2025

In short, their value is highly subjective and requires expertise and connections beyond most insurance agents or brokers. Deductible selected: Opting for a higher deductible can lower premiums but increase out-of-pocket costs in case of a claim. Want to get a bindable quote for your client? Ready to get started?

Deductible 52

Deductible Theft Insured Insurance 52

Distinguished

JANUARY 28, 2025

As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. If you are a wholesale broker, then getting started with Distinguished Executive Lines is easy.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insured 52

PSM Brokerage

NOVEMBER 26, 2024

The proposed rule can be downloaded here: [link] Coverage of Anti-Obesity Medication Since the inception of the Part D program, CMS has interpreted the statutory exclusion of “agents when used for weight loss” to mean that a drug, when used for weight loss, is excluded from the definition of a covered Part D drug.

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