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Helping Clients Navigate Marketplace Open Enrollment | Solstiuce

Solstice Insurance Broker

Break down the plans into digestible pieces: explain premiums, deductibles, and out-of-pocket costs in relatable terms. Understanding the Marketplace First things first understanding the healthcare marketplace is crucial. It offers a range of coverage options, from basic to comprehensive.

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Why Reporting Small Claims Pays Off in ERA States

AMAXX

ERA rules apply in about 35 states and were designed to encourage employers to report medical-only claims rather than quietly paying them out-of-pocket. This discount exists to remove the fear that reporting small claims automatically increases your mod and your premiums. So, a $10,000 medical-only claim?

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Actual Cash Value vs. Replacement Value: What’s the Difference, and Where Does Market Value Fit In?

TGS

Premium Costs : ACV policies usually have lower premiums, making them easier on your budget. But if you’re covering an older vehicle or items you could replace without breaking the bank, ACV might keep your premiums in check. If you’re scratching your head trying to make sense of them, don’t worry—you’re in good company.

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Why We’re Still Talking About the J&J Class Action ERISA Lawsuit

R&R Insurance

It was thrown out on a legal technicality. The court found the plaintiffs first claim, that she paid more in premiums due to the defendants purported breach of fiduciary duty during the plans negotiation process, did not sufficiently show evidence of an injury and was at best, speculative and hypothetical. Click here to read more.

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Common Commercial Insurance Mistakes (and How to Avoid Them)

Mark Jackson Insurance Agency

If you suffer a loss and your coverage doesn’t reflect your property’s true value, you may be left paying out of pocket. Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. Talk with one of our agents to help identify any coverage gaps.

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4 Proven Ways to Educate Clients and Build Customer Loyalty

Word & Brown

Out-of-pocket maximum: This is the most the insured will have to pay for covered services in a plan year. In-network vs. out-of-network: Health care providers can be in network or out of network. Out-of-network providers may charge higher rates or may not offer services at all except in case of emergency.

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What Is A Home Insurance Deductible?

Simply Insurance

Well, here’s the thing: Figuring out how your homeowners insurance deductible works isn’t complicated and it almost works like any other deductible. They both work the same way in that you have to pay them before the insurance company pays out the remainder of a claim. If you choose a higher deductible, your premiums will be lower.