Remove Insurance Agents Remove Out-Of-Pocket Remove Out-Of-Pocket Expense
article thumbnail

Can You Have Private Insurance and Medicaid?

Smart Insurance Agents

This raises the question: can you have private insurance and Medicaid? This dual coverage can provide a broader range of medical services and reduce out-of-pocket costs. This article will explain how eligibility works, how benefits coordinate, and what you need to know about combining both types of insurance.

article thumbnail

Medicare Advantage vs. Medicare Supplement Plans

PSM Brokerage

As an insurance agent, guiding your clients through Medicare options can feel like navigating a maze. Cost Medicare Advantage : Known for low or $0 monthly premiums, but clients may face higher out-of-pocket costs when accessing services. Cap on annual out-of-pocket costs. Cons : Limited provider networks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is the Difference between HMO vs PPO

Smart Insurance Agents

Key Takeaways PPO plans offer flexibility in choosing providers without referrals, but come with higher premiums and out-of-pocket costs, while HMO plans are more cost-effective but restrict provider choices and require coordination through a primary care physician. Even though out-of-network care is covered, it comes at a higher cost.

article thumbnail

Insurance Coverage for Your Tiny House

Paragon Independent Insurance Agencies

Home Insurance Like any other residence, a tiny home is eligible for various types of home insurance coverage. This coverage will cover the cost of repairing your tiny home and reimburse any out-of-pocket expenses you incur as the primary owner. The inspector will also inquire about your intended use for your home.

article thumbnail

How Can Medicare Advantage Plan Be Zero Monthly Premium?

Smart Insurance Agents

Understanding monthly Medicare costs is essential for effective management of healthcare expenses. Key Takeaways Medicare Advantage plans, or Part C, are private insurance options that combine the benefits of Original Medicare with added services, often featuring zero monthly premiums funded by federal subsidies.

Premium 52
article thumbnail

Medicare Advantage Plans Illinois

Smart Insurance Agents

This option is offered by private insurance companies. These plans often feature extensive benefits and low out-of-pocket costs, making them a top choice for beneficiaries looking for the best possible coverage. In 2024, Illinois residents can choose from 158 different plans, each offering unique benefits and coverage options.

article thumbnail

Is An OBGYN Considered A Specialist For Insurance?

Smart Insurance Agents

Wondering if an OB-GYN is an obgyn considered a specialist for insurance purposes? Most insurance providers classify OB-GYNs as specialists, which can influence your coverage and out-of-pocket costs. Simply put, yes. Women often need both a primary care provider and an OB-GYN to address different aspects of their health.