Tag: insurance

Differences between copayment and health insurance

What is the difference between copayment and health insurance? Both copayment and coinsurance help health insurance companies save money (and therefore keep your premiums lower) by making you responsible for part of your health care bills. Both are forms of cost-sharing, which means that you pay part of the cost of …

Types of health insurance plans

There are many types of health insurance plans: Managed Care Plans: Health Maintenance Organizations (HMOs), Point of Service (POS) Plans, Preferred Provider Plans (PPOs) Fee-for-service plans Coverage for catastrophic illnesses Savings accounts for medical expenses Medical indemnity policies Cancer insurance and other supplemental insurance All of these plans require you …

Total Loss Indemnity (Auto Insurance), how does it work?

The Auto Insurance offers several advantages to policyholders (whoever hires), among them is the indemnity in case of a total loss of the vehicle (accident). This is one of the main points that motivate people to take out Auto Insurance. Because one of the risks that all drivers are prone …

How Your Credit Score Is Calculated

Learn what your credit score is based on and the various ways you can improve it. Your credit score is one of the most important measures of your creditworthiness. For your FICO Credit Score, this is a three-digit number that generally ranges from 300 to 850 and is based on …

What is an annuity and how does it work?

THE LIFE ANNUITY It guarantees great financial security, a significant promise in the context of an aging population. The life annuity is generally used to supplement the benefits of state and occupational pensions (1st and 2nd pillars) after retirement, thus allowing you to maintain your usual standard of living. The …

What is the insurance deductible?

What is the deductible? The deductible is a recurring term within auto insurance and other types of policies, such as health insurance. But do you know exactly what it is? What are the characteristics of the deductible? And why is it very important to try to understand what its impacts are within the insurance …

Dental implant price: how much does it cost?

What factors determine the price of a dental implant? Undoubtedly, on more than one occasion, you have seen advertisements and promotions related to the placement of dental implants. It is very positive that, today, the prices of dental treatments are a little more affordable than in the past. However, my advice …

What is the role of Credit subrogation

In the obligatory relations between debtor and creditor, the latter has a credit right against the former, which, concerning the nature and the negotiating title, may or may not be supported by a privilege or mortgage. Nature of the credits We remind you that ” unsecured ” credits that do not enjoy any pre-emption and …

Is it mandatory to enroll in Medicare?

Medicare is a public health insurance program designed for people 65 and older and people with disabilities that covers hospitalization and other media at reduced rates or for free. The hospitalization portion of Medicare, Part A, begins automatically at age 65. Other Medicare benefits require you to enroll. If you …

Auto liability insurance coverage

What is liability coverage? Liability coverage pays for property damage or injuries caused to another person by an accident you are responsible for. Most states require this coverage to drive your vehicle legally. Liability coverage is divided into property damage and bodily injury/damage. Property damage coverage pays for damage to …
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