Employer Sponsored Long Term Care Insurance is insurance provided as an employee benefit to cover the potentially catastrophic financial impact of an illness or period of frailty where long-term care is required. The market for long-term care insurance exploded during the 1990s and has continued to grow throughout the early portion of the twenty-first century. This market has two key segments: one for individual policies and the other for employer-sponsored and other group products. Sales of employer-sponsored long-term care policies generated premiums of nearly $55 million in the year 2001 (more…)

Disability insurance cover is the key word here. It promises to protect you and / or their families against the vicissitudes of life. We are facing risks with every step we make in life and thus insurance companies play their rule to continue giving insurance to cover all possible risks associated. As a matter of fact, today, it is common for a common man to buy a full charge for insurance policies cover the risk of your life, your car, house, work, medical expenses, etc.. (more…)

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…)