Remove Insurance Remove Insurance Carriers Remove Out of Pocket Cost Remove Utilities
article thumbnail

Understanding Actual Cash Value vs Replacement Cost

AssuredPartners

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. It is the cost that you paid for the item minus any depreciation. The most comprehensive way to replace an item or rebuild a home is utilizing a Replacement Cost Value.

article thumbnail

Benefits Advocate: The Secret to Healthcare Literacy and Cost Control

Corporate Synergies

A benefits advocate who delivers the how and why of plan use when employees are asking for assistance helps the employer control health insurance costs. 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.

article thumbnail

New Health Plan Prescription Drug Reporting Mandate

AssuredPartners

For fully insured plans, health insurance carriers will be responsible for making the necessary reporting from a legal standpoint. to promote prescription drug pricing transparency and (b) promote competition that can combat the high cost of prescription drugs. Why is there a prescription drug reporting mandate?