Hospital billing is the process where hospitals collect payment from insurance companies premiums. The process is quite similar like collecting medical bills and insurance bills. It begin when hospital sends lists of the covered procedures involved, which in turn determines the amount of money required to pay for each application insurance claim. Once all the documents and paperwork submitted, the company then sends the payment to the hospital. But before the payment is claimed, all documents must properly fill and documented. Medical Hospital Billing is an arising field that may require a certain level of qualification. In some states, certain certification is needed. (more…)

How soon you receive benefit payments varies widely with the kind of insurance, the kind of loss, and the laws of the state where you live. For example, insurance companies usually wait at least 30 days before paying out for a stolen car in the hopes that the car will turn up. Life insurance claims can only be paid after the company receives an official death certificate. (more…)

The objective of life insurance is to provide compensation to the beneficiaries or legal heirs in case of death of the insured. For this reason, there are fundamentals that must be taken into consideration before making a purchase of life insurance. (more…)

The Unfair Claim Settlement Practices Act provides that no insurer may engage in unfair claim settlement practices. Examples of unfair claim settlement practices are:

• The intentional misrepresentation to a claimant any pertinent facts or policy provisions which relate to the coverage at issue (more…)