article thumbnail

Four reasons to not wait until January to enroll in an ACA health plan

Healthinsurance.org

Out-of-pocket expenses won’t transfer in February or March. 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.

article thumbnail

Can You Have Private Insurance and Medicaid?

Smart Insurance Agents

Coordination of benefits between Medicaid and private insurance maximizes healthcare coverage and minimizes out-of-pocket expenses, with Medicaid typically serving as a secondary payer. Careful consideration is needed to maximize benefits and minimize out-of-pocket expenses.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them

Jackson & Jackson

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. Ensure your policy covers replacement costs rather than actual cash value, as this accounts for the depreciation of your assets. This often happens when trying to save on premiums.

article thumbnail

Insurance Coverage for Your Tiny House

Paragon Independent Insurance Agencies

Begin by conducting a comprehensive home assessment, then select residential coverage to include in your insurance policy. This coverage will cover the cost of repairing your tiny home and reimburse any out-of-pocket expenses you incur as the primary owner.

article thumbnail

5 Essential Considerations for Insurance When Buying or Investing in Commercial Property

Jackson & Jackson

Make sure to understand the specific perils covered by your policy, as not all natural disasters might be included. Ensure that your property is accurately assessed to avoid being underinsured, which can lead to significant out-of-pocket expenses, or overinsured, which can unnecessarily increase your premiums.

article thumbnail

Is An OBGYN Considered A Specialist For Insurance?

Smart Insurance Agents

Insurance companies categorize OB-GYN services differently from primary care, leading to higher reimbursement rates, co-pays, and potential out-of-pocket costs for patients visiting specialists. Patients should verify whether their OB-GYN is in-network to avoid higher out-of-pocket expenses.

article thumbnail

Medical Health Insurance Broker Can Simplify Your Choices

Smart Insurance Agents

With their deep insights into policy trends and customer needs, brokers evaluate which plans are the best fit. They explain the details of different policies, including coverage options, premiums, deductibles, and out-of-pocket expenses.