Benefit Resource Inc.

APRIL 10, 2023

Confirm enrollment in a health plan To receive automatic approval for co-pays, certain co-insurance, and deductible expenses, make sure your employer has reported you as enrolled in the company health plan. An Explanation of Benefits (EOB) from your insurance carrier or healthcare provider gets it resolved in no time.

Insurance Carriers 98

Insurance Carriers Hospitality Deductions Deductible 98

InterWest Insurance Services

JULY 26, 2022

You as an employer can help by offering group disability insurance to your employees. This insurance helps replace a portion of a worker’s income if they lose their income due to an injury or illness. Tax-deductible premiums. Advantages of group disability insurance to the worker include the following: Affordability.

Disability Insurance 94

Disability Insurance Insurance Carriers Insurance Deductions 94

AssuredPartners

APRIL 17, 2023

Following hurricanes Harvey, Irma, and Maria, the deterioration of insurance companies’ loss ratios accelerated. After years of extreme weather events, carriers lost basic underwriting discipline in their rates, deductibles, and limits or capacity deployed. To correct their portfolios, they increased rates and deductibles.

Insurance 52

Insurance Insurance Carriers Deductions Deductible 52

AssuredPartners

JULY 16, 2023

Maintain regular contact with your insurance advisor about any changes, challenges, or opportunities. Strong risk management practices can positively influence insurers' perception of your risk profile. Review your existing insurance policies and coverage limits to ensure they align with your current needs.

Insurance 52

Insurance Insurance Carriers Deductions Deductible 52

AssuredPartners

JUNE 24, 2020

Recently, some insurance carriers have begun to offer Service Line Coverage Endorsements to their Homeowners policies to address this potential gap in protection. These endorsements offer a small amount of coverage (often $10,000-$25,000) for a very reasonable annual premium (usually under $50).nTypes

Insurance Carriers 52

Insurance Carriers IT Utilities Deductions 52

InterWest Insurance Services

NOVEMBER 22, 2022

.” These global reinsurance giants have seen their profits erode substantially in the last few years due to the rising cost of natural catastrophes around the world, forcing them to increase what they charge insurance carriers. These moves are trickling down into the primary insurance market in the form of further rate increases.

Insurance Carriers 98

Insurance Carriers Insurance Deductions Deductible 98

InterWest Insurance Services

DECEMBER 9, 2021

HDHP telehealth services — The CARES Act, signed into law in 2020 after the pandemic started, temporarily allowed high-deductible health plans to pay for telehealth services before an enrollee had met their deductible. 1, 2022, HDHPs must charge enrollees for telehealth services if they have not yet met their deductible. .

Health Insurance 98

Health Insurance Insurance Insurance Carriers Deductions 98

Assurance Agency

AUGUST 4, 2023

There are many different types of workers’ compensation programs available, with self-insurance being one of them. Self-Insurance is a self-funded workers’ compensation plan in which the insured assumes the financial risk for providing workers’ compensation benefits to its employees.

Insurance 52

Insurance Insurance Carriers Deductions Deductible 52

Insperity

JANUARY 24, 2023

It’s possible that these benefits are already available through your company’s health insurance plan or employee assistance program (EAP) – if so, you should promote these benefits and their pros to your employees! It can also prevent distractions while employees are on the job. All of this can boost productivity.

Insurance Carriers 98

Insurance Carriers Health Insurance Medical Electronics 98

Assurance Agency

AUGUST 4, 2023

There are many different types of workers’ compensation programs available, with self-insurance being one of them. Self-Insurance is a self-funded workers’ compensation plan in which the insured assumes the financial risk for providing workers’ compensation benefits to its employees.

Insurance 40

Insurance Insurance Carriers Deductions Deductible 40

AssuredPartners

MARCH 2, 2023

How an agent collects and presents facts on an insured’s behalf directly impacts an underwriter’s submission, resulting in a range of coverages and respective costs. Fending off bloated premiums, deductibles, and exclusions is difficult in a hard market. Sometimes it is a clear past does not equal the future story.

Insurance 52

Insurance Insurance Carriers Deductions Deductible 52

AssuredPartners

OCTOBER 19, 2020

nDetermining how much insurance coverage you need and how the value of your home is determined can be challenging. Most insurance companies use the age of home, type of construction, square footage, claims history, location and deductible when rating for home insurance.

Insurance 40

Insurance Insurance Carriers Deductions Deductible 40

AssuredPartners

DECEMBER 21, 2020

Actual Cash Value (ACV) is when your insurance company only pays for what your property is worth at the time that you file a claim. This means at the time of a claim, the settlement from an insurance carrier traditionally will payout less than what it costs to replace the current item.

Out of Pocket Cost 40

Out of Pocket Cost Insurance Carriers Deductions Deductible 40

AssuredPartners

FEBRUARY 27, 2019

nAfter selecting your General Contractor, it is imperative that you have an executed contract in place outlining expectations and insurance obligations. Notify your insurance advisor and/or insurance carrier of the planned work.

Insurance Carriers 40

Insurance Carriers Deductions Deductible Insurance 40

The Workcomp Writer

MAY 17, 2022

The appellate court added, however, that the trial court should also have required the carrier to pay its proportionate share of the non-attorney’s fee expenses associated with securing the malpractice settlement. Insurance Co. Carrier Was Not Estopped from Recovering Full Amount. LEXIS 3292 (May 13, 2022). Background.

Workers’ Compensation 85

Workers’ Compensation Insurance Carriers Medical Deductions 85

Stratus.HR

OCTOBER 28, 2021

While you think you’re only paying $15 or $25 for an office visit, the final cost is picked up by your health insurance carrier – and that cost eventually makes its way back to you by way of premiums in your plan renewal. But the insurance company won’t eat this cost; they’ll make up for it in future insurance premiums.

Healthcare 78

Healthcare Insurance Health Insurance Insurance Carriers 78

AssuredPartners

MARCH 11, 2020

{"ops":[{"insert":"Today, in "},{"attributes":{"link":"[link] Notice 2020-15"},{"insert":", the Internal Revenue Service advised that HDHPs (High-Deductible Health Plans) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.

Insurance Carriers 40

Insurance Carriers Health Savings Account Deductions Deductible 40

AssuredPartners

FEBRUARY 20, 2020

The original components and wiring were not compatible with new equipment; a wireless system had to be installed – claim value $63,239."},{"attributes":{"indent":1,"list":"bullet"},"insert":"n"},{"insert":"Many, but not all, insurance carriers now offer this coverage enhancement.

Insurance Carriers 52

Insurance Carriers Deductions Deductible Insurance 52

AssuredPartners

MARCH 16, 2023

PUNC –Your Checklist for Insurance Coverage ‘PUNC’ ( P ilots, U se, N amed Insured and C ontracts) is an acronym capturing the four most important areas of aviation insurance that result in the largest percentage of claims denials. Medical Expense Coverage Each Person-- $5,000.00

Insurance Carriers 52

Insurance Carriers Insurance Banking Medical 52

Assurance Agency

AUGUST 26, 2021

That depends on which primary valuation method your insurance carrier uses to determine the amount paid in the event of a loss. Two methods for establishing the value of insured property in the event of a loss are replacement cost and Actual Cash Value (ACV). So what’s the difference?

Insurance Carriers 40

Insurance Carriers Insurance Deductions Deductible 40

Fringe Benefit Analysts

JANUARY 26, 2023

Some insurance carriers are now also offering identity protection services to their customers at no additional cost. Plus, the best services offer identity theft insurance, adding another layer of protection against monetary loss. Are Identity Theft Protection Services Tax Deductible?

Insurance Carriers 52

Insurance Carriers Taxes Insurance Commissions 52

AssuredPartners

JULY 30, 2018

Thankfully, insurance carriers are in the business of paying these claims. Insurance carriers can be very creative when it comes to drafting language that affords coverage only if you meet certain conditions, also known as “conditions of coverage.”nSome {"ops":[{"insert":"Claims happen worldwide every day.

Insurance Carriers 40

Insurance Carriers Construction Insurance Paid Leave 40

The Workcomp Writer

FEBRUARY 1, 2022

The third-party tortfeasor responsible for the car accident that caused Claimant’s work injury held two insurance policies with a combined liability limit of $150,000. After deducting Claimant’s litigation expenses from his $150,000 third-party recovery, the WCJ found that the employer had a net subrogation lien in the amount of $99,136.08.

Workers’ Compensation 56

Workers’ Compensation Insurance Carriers Deductions Deductible 56

AssuredPartners

AUGUST 5, 2021

This rule, entitled Transparency in Coverage, requires group health insurance carriers and self-insured plans to disclose rates and cost-sharing information for all covered items and services. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.

Out of Pocket Cost 69

Out of Pocket Cost Insurance Carriers Pharmaceutical Insurance 69

Higginbotham

SEPTEMBER 16, 2022

Different types of RVs require different types of insurance. Note that liability insurance only covers injury and damage to other people. Personal Injury Protection: This insurance covers costs related to injuries, including medical expenses and lost wages, regardless of fault. RV Insurance Coverages for Trailers.

Insurance 52

Insurance Insurance Carriers Finance Electronics 52

Benefit Resource Inc.

AUGUST 8, 2019

In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. If you have already met your deductible or maximum out-of-pocket limits, it may be advantageous to enroll in COBRA. Well, to today is your lucky day.

Insurance Carriers 51

Insurance Carriers Flexible Spending Account Medical Flexible Spending 51

AssuredPartners

AUGUST 10, 2023

The MHPAEA guidance provided by the Departments are all quite technical in nature, and focus on the comparative analysis that plans and insurance carriers must complete in order to confirm that each of the non-quantitative limitations (“NQTLs”) imposed by the plan or policy that apply to a MH/SUD benefit (i.e.,

Insurance Carriers 52

Insurance Carriers Insurance Medical Deductions 52

Fringe Benefit Analysts

MAY 8, 2022

These independent contractors advise employers and other sponsors of insurance plans, so they can research and choose the best plans for both the company and its employees. These tools simplify matters and reduce the amount of paperwork necessary to move forward with an insurance vendor.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Corporate Synergies

MARCH 25, 2019

Rather than reaching out to an insurance carrier first, whose issue resolution success is measured based on the call time, employees contact their benefits advocate. This expert is trained to answer questions, deal with insurance claims and support employees on their medical journey.

Healthcare 40

Healthcare Out of Pocket Cost Insurance Carriers Health Insurance 40

Higginbotham

JULY 25, 2023

Whether large or small, a business needs commercial property insurance if its business operations include any of the following features: Workspaces – Are business operations conducted in an office, store or workshop? How much commercial property insurance does your business need?

Insurance 52

Insurance Insurance Carriers Construction Deductions 52

Genesis HR Solutions

SEPTEMBER 21, 2021

Offering quality health insurance plans as a small business owner gives you a competitive edge when recruiting and hiring talent. To be blunt, if you want to find the best people, you have to offer the best benefits—especially when it comes to health insurance. Health Insurance For Small Business Owners: 4 Options.

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52

Corporate Synergies

AUGUST 27, 2018

There are typically three ways employers work with PBMs: A PBM bundled with the insurance carrier. A “third party carve-out,” in other words, a PBM that is separate from the insurance carrier. PBM Bundled with Carrier. Pharmacy benefits are also the fastest-growing in terms of cost. RELATED TOPICS.

Insurance Carriers 40

Insurance Carriers Health and Welfare Medical Utilities 40

AssuredPartners

OCTOBER 28, 2020

Due to the nature of the coverage, it is typically written with no deductible."},{"attributes":{"align":"justify"},"insert":"n"},{"attributes":{"bold":true},"insert":"Coverage"},{"attributes":{"align":"justify"},"insert":"n"},{"insert":"Coverage is limited in scope.

Medical 40

Medical Workers’ Compensation Insurance Carriers Insurance 40

AssuredPartners

JANUARY 17, 2020

That is why you purchase an aircraft insurance policy to cover your aircraft. The insurance company will not tell you where to have the aircraft repaired. In the case of a total loss, the carrier is entitled to the aircraft ‘salvage.’ You or the adjuster are unable to find a replacement prop other than a brand new prop.

Engineering 52

Engineering Insurance Carriers Insurance Construction 52

Corporate Synergies

JULY 22, 2019

From 2009 to 2016 (the most recent data available), the average amount that hospitals billed insurance carriers for an emergency room visit more than doubled, from $600 to $1,322. The cost to the employer (and often the employee) is often far less than the ER. The high cost of ER care is enough to make anyone run a high temp.

Employee Benefits 40

Employee Benefits Insurance Carriers Healthcare Health Savings Account 40

Insperity

JULY 22, 2014

Those eligible for the credit can get it one of two ways: They can (1) choose to have the government pay it in advance to their insurance company to lower monthly premium payments or (2) get it all when filing their tax return. So we’ve got premiums under control, but what about deductibles, copayments and other out-of-pocket costs?

Health Insurance 40

Health Insurance Out of Pocket Cost Insurance Carriers Taxes 40

Insperity

MARCH 29, 2022

If someone doesn’t have a strong grasp of how a particular health insurance plan works, they may not even be sure what they signed up for when a health matter comes up. During your new-hire orientation , don’t rush through the discussion about health insurance or, worse, just briefly mention it as part of a larger benefits package.

Health Insurance 92

Health Insurance Insurance Insurance Carriers Education 92