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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Word & Brown

FEBRUARY 18, 2025

Why Brokers Partner with a General Agency? Brokers today more than at any time previously face multiple challenges. You earn the same commission (and bonuses) as you would on your own, working as an independent broker. automated deductible and Rx updates (so you know when they apply before benefits kick in).

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Elmore

JANUARY 25, 2025

Judges to decide if insurance groups can deduct government funds from payouts for business interruption The post Insurers in court battle with UK businesses over Covid furlough scheme appeared first on Elmore Insurance Brokers.

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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

Word & Brown

APRIL 1, 2025

Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes. Other health care-related expenses may also be deductible for your clients, depending on their incomes.

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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.

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Commercial Property Property Insurance Commercial Deductible 52

Healthinsurance.org

DECEMBER 3, 2024

This means the out-of-pocket costs counted against your deductible and out-of-pocket maximum will reset to $0, even if you have out-of-pocket expenses in January. Out-of-pocket expenses reset to $0 on January 1 for all marketplace plans, so your auto-renewed policy will start over with a new deductible at that point.

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Out-Of-Pocket Expense Out-Of-Pocket Premium Deductible 116

Protect Commercial Insurance

JULY 26, 2024

In this article, we will provide you with four essential tips to help you understand your coverage needs, find the best rates, review and update your policy regularly, and work with an experienced insurance broker. Consider Deductibles When comparing quotes, pay attention to the deductibles associated with each policy.

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Commercial Insurance Broker General Liability Business Interruption 52

ProWriters

NOVEMBER 13, 2024

The CrowdStrike attack underscores your need, as a Cyber Insurance broker, to have discussions with your clients about safely and effectively navigating today’s digital security landscape. Knowing policy limits, deductibles, and exclusions is critical. What Is the CrowdStrike Attack?

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Cyber Insurer Insured Insurance 98

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

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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Risk Broker-Agent Deductible Insurer 52

Ease

FEBRUARY 21, 2023

21, 2023 – Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report. Annual benchmarking and trend report shows smallest businesses see biggest medical premium increases SAN FRANCISCO, Feb.

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AMAXX

JULY 30, 2024

And these losses, which I should reference, is this is in a high deductible or a loss sensitive any loss sensitive program and this could be high deductible, it could be a retro plan, it could be some captive plans where you’re participating in some of the losses. All rights reserved under International Copyright Law.

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Workers Comp Risk Workers Compensation Injury 64

American Agents Alliance

FEBRUARY 7, 2025

Rising Social Inflation Means Increasing E&O Risks for Agents The rise in social inflation impacts agents and brokers as they manage both higher claims costs for policyholders and a greater risk of E&O losses as policyholders face denials, expensive premiums, and less coverage.

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Bankers Insurance

SEPTEMBER 12, 2023

In this scenario, you file a claim using your collision coverage and receive a check from your insurer to cover the repair costs, minus your deductible. Customers in those states may then attempt to recover their deductible on their own. For example, imagine you’re waiting at a stoplight, and your car gets rear-ended.

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AMAXX

JANUARY 14, 2025

Employers bear the cost of premiums and may also pay retained losses, such as deductibles, depending on their coverage structure. You should consult with your insurance broker, attorney, or qualified professional. Premiums Reflect Risk While workers’ compensation provides predictability, it is not free. All state laws vary.

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Workers Compensation Compensation Workers Comp Injury 98

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 Insurer 52

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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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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Protection Broker-Agent Inland Marine Underwriting 52

Word & Brown

OCTOBER 18, 2024

That’s why we suggest every broker adopt and implement a good Customer Relationship Management (CRM) platform. Check out our prior post, Ranking the Best CRM Options for Insurance Brokers. Some plans may have changed deductibles – or added new ones to certain types of treatment. Or to a carrier you do not represent.

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Risk Management Monitor

AUGUST 30, 2021

When it comes to your insurance policies, it is critical to verify that your coverage includes appropriate, up-to-date limits and deductibles. Before doing so, reach out to your insurance broker who can help guide you through this process. Read the Fine Print.

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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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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.

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Deductible Insurance Companies Broker-Agent Insurer 40

Healthinsurance.org

JANUARY 2, 2024

PPOs will cover out-of-network care, but the deductible and other out-of-pocket expenses are typically higher (often significantly so) for out-of-network care. But those provisions are only required to apply to in-network care, so they don’t reduce out-of-network deductibles.)

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Out-Of-Pocket Deductible Policyholder Out-Of-Pocket Expense 52

LexisNexis

JANUARY 13, 2025

A partners distributive share is that fraction of a partnership's items of income, gain, loss, deduction, and credit that the partnership agreement allocates to that partner in a particular taxable year. IRS provides transitional relief from penalties for certain brokers who fail to report sales of digital assets, as defined in Reg.

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Deductible Broker Liability Risk 40

Jackson & Jackson

MAY 23, 2024

Obtain quotes from multiple insurers, comparing their coverage options, limits, and deductibles. Claiming Insurance Deductions on Your Taxes Maximizing your business insurance benefits goes beyond just coverage – it also involves leveraging potential tax advantages.

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Small Business Insurance Business Insurance Insurer Insured 52

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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Out-Of-Pocket Insurer Insured Insurance 98

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 Insurer 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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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. Management liability insurance is a product that agents and wholesale brokers should be offering all of their clients.

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Liability Insurance Liability Broker-Agent Insurer 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. Management liability insurance is a product that agents and wholesale brokers should be offering all of their clients.

Liability Insurance 52

Liability Insurance Liability Broker-Agent Insurer 52

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. Word & Brown has been partnering with brokers for nearly 40 years. We’re known for our legendary Service of Unequalled Excellence.

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Premium Insurer Insured Insurance 52

Word & Brown

AUGUST 23, 2024

If you’re not sure what to choose for your background music, we recommend Word & Brown’s Spotify account, where you can find a number of playlists curated by our staff, including our annual WOW playlist and Broker Jams playlist. Remember, too, that your workspace may be a deductible expense on your taxes.

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Broker Premium Deductible Injury 52

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

Smart Insurance Agents

AUGUST 19, 2024

Standalone dental plans usually offer different levels of coverage with varying costs like premiums, deductibles, and yearly limits. You can use online comparison tools and talk to insurance brokers who focus on Medicare dental insurance to find the best plan for you. Be sure to look closely at the coverage details.

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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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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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