8 Worst Health Insurance Mistakes HEALTH INSURANCE MISTAKES YOU ARE MAKING Millions of people who have been without health insurance are finally able to get Medicare from the provision of Affordable Care Act—under the law, everyone must have some kind of health coverage, or pay a small fine—the system remains just as complex and unforgiving […]
ARE INSURANCE COMPANIES FOR PROFIT? Introduction: All commercial businesses are set up the primary motive of maximizing profit. The most popular of questions, is, whether insurance companies are for profit. Are they primarily set up with the intention of making profits or are they nonprofit-oriented? It might you to know that insurance companies are mostly […]
ARE INSURANCE PREMIUMS TAXABLE? An insurance premium is the amount of money charged by a company for active coverage. (Click to Read our previous post for more details) The sum a person pays in premiums, also referred to as the rate, is determined by several factors, including age, health, and the area a person lives […]
ARE INSURANCE PREMIUMS REGULATED? What are insurance premiums? An insurance premium is the amount of money charged by a company for active coverage. The sum a person pays in premiums, also referred to as the rate, is determined by several factors, including age, health, and the area a person lives in. People pay these rates annually or […]
ARE INSURANCE PREMIUM TAX DEDUCTIBLE? A widely asked question is whether insurance premium is tax deductible. This discussion will take a special reference to the health sector. With tax season underway and Obamacare still just a few years old, a big question many have is: Are health insurance premiums tax deductible? Under some scenarios, they […]