May 9, 2025 | Study Notes, Life & Health
Co-insurance & Deductible Math for Medical Plans Matt had a doctor bill of 1000. He had a deductible of $500 and 80/20 co insurance. First step, remember what is what, that Matt has to pay the deductible first and then co-insurance kicks in. The first #, 80, is...
May 7, 2025 | Study Notes, Life & Health
Stop Loss “The higher the stop-loss, the lower the premium will be.” Remember stop loss is the point the loss stops for the consumer and the insurance company pays the bills from then on. Sometimes, when I take these tests in my head, I take them to a...
May 5, 2025 | Study Notes, Life & Health
Four Personal Uses For Life Insurance Survivor Protection: The most common one is making sure your family, the ones you leave behind if you die will be financially ok. A married couple can buy policies were their spouse is the beneficiary. If one dies, the spouse that...
May 2, 2025 | Study Notes, Life & Health
Key Person Life Insurance Key Person The easiest way to think about key person insurance, is that a business is buying insurance on the CEO. If the CEO of a large company were to suddenly pass away, or to become disabled the company would need to quickly hire and...
Apr 30, 2025 | Study Notes, Life & Health
Guaranteed Renewable/Insurable/Non-Cancellable Guaranteed Insurability vs. Guaranteed Renewable Both have the word Guaranteed at the front so let’s throw that out … Insurability … versus Renewability. Guaranteed Insurability means just that, you are...
Apr 28, 2025 | Study Notes, Life & Health
Medicare Medicare is a government program to help people with medical expenses. It is composed of 4 PARTS. Part A: helps pay hospital bills. Part B: helps pay Dr. bills. Part C: is a program called Medicare Advantage. Part D: helps pay for prescriptions drugs. The...
