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Buyer’s guide to private medical insurance

Employee Benefits

What is private medical insurance (PMI)? PMI is a type of insurance designed to cover medical expenses incurred during illness or injury, such as operations, consultations, diagnostic investigations and tests. PMI can help employees regain their health, and their earning power, quickly, to the benefit of both them and their employer.

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Umbrella Insurance: Do You Need It?

Money Talk

Like an umbrella that covers your head to protect you from a rainstorm, an umbrella liability policy “covers” your other property insurance, thereby providing additional protection. To summarize, umbrella insurance protects policyholders’ assets from large claims when they are found at fault.

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Auto Insurance: Strategies to Save

Money Talk

One of the largest items in household budgets is car insurance. According to Bankrate, the average annual cost of car insurance in June 2022 was $1,771 per year ($148 per month) for full coverage and $545 for just the minimum coverage required by state law. Do you want to save money on car insurance without sacrificing needed coverage?

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

A new report has found that small businesses that purchase their group health insurance online or through payroll vendors saw the largest premium hikes in 2022, significantly higher than those that went through brokers. Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%.

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Individual health insurance vs. group health insurance

PeopleKeep

You’ve probably heard of group health insurance and individual health insurance in your research. A robust benefits package with a comprehensive health benefit is essential for attracting and retaining top talent in today’s workforce. But what is the difference between them, and how do they compare?

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Insurers Promise to Keep Covering Preventative Services

InterWest Insurance Services

Most health insurers plan to continue offering free preventative care services despite a federal judge having imposed a nationwide injunction on an Affordable Care Act requirement that these services are covered with no out-of-pocket costs on the part of patients, according to a letter by industry trade groups. Supreme Court.

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Insurers Make Changes to Prior Approvals Ahead of Rulemaking

InterWest Insurance Services

a number of the country’s largest insurers announced their own steps to improve the process. Meanwhile, insurance giant Cigna said it has been in the process of reducing the prior authorization for about 500 services and devices. If the requested care or item is urgent, the insurer must render a decision within 72 hours.