Health Insurance Deductibles
The deductible in a health Insurance policy is a defined dollar amount during the benefit period – usually a year – that the insured person pays before the insurance company starts to make payments for covered medical services. Plans may have both per individual and family deductibles. Some plans may have separate deductibles for specific [...]
BMI & Personal Weight
What is BMI (Body Mass Index)? How is it calculated and what use is it to me and Insurance companies? BMI is a number based on a person’s weight and height that provides a way to estimate the effect of weight on health. The higher the BMI, the greater the risk of diseases such as [...]
Agent – Broker | Glossary of Insurance Terms
I am picking up on my Glossary of term topic and am going to the beginning of the alphabet for this. I will talk of the title of Insurance Agent and Broker. An agent – a licensed individual who represents several insurance companies and sells their products. There are also agents that sell for and [...]
Health Insurance Small Business Tax Credit
The Small Business Tax Credit from the Health Care Reform Bill was signed into law on 3/23/2010. So how does the small employer health care tax credit work? As with most tax issues there is no short answer. In this post I will provide information and resources to help you and your tax professional navigate [...]
Deductibles | Co-Pays | Out of Pocket Maximums
Most people look at health insurance first by the deductible on the plan. For example, my plan has a $1,000 deductible. But what does this really mean and is there more to this? In short this is a good starting place for a PPO or even a new HSA type plan, but there is a [...]
Health Insurance Terms | Deductible
On a regular basis I will work to define terms and concepts used in the field of Insurance that could be of help to people trying to provide risk protection. By risk protection for people, I am speaking of Health, Life, Disability and other coverage of insurance. I will start with the basic terms needed [...]
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