Attorneys

Health Insurance FAQs

• Q: What Is Credit Insurance?
  A: Credit life insurance pays in the event of the debtor`s death. Credit accident & health (or disability) insurance covers loan payments due while the debtor is ill … More
• Q: What Is Individual Health Insurance?
  A: Individual health insurance is health insurance that insures you in the event that you become injured or acquire an illness. Individual health insurance is a prudent … More
• Q: What Is An Agent?
  A: An agent is a licensed representative of an insurance company who solicits, negotiates, or effects contracts of insurance and provides service to the policyholder for … More
• Q: What Is An Application?
  A: An application is a signed statement of facts requested by the insurance company on the basis of which the company decides whether or not to issue the coverage. The … More
• Q: What Is An Assignment?
  A: An assignment is the signed authorization by the policyholder for the insurance company to pay benefits directly to the hospital, doctor, or other provider.
• Q: What Is A Beneficiary?
  A: A beneficiary is the person designated or provided for by the policy terms to receive the proceeds upon the death of the insured.
• Q: What Are Benefits?
  A: Benefits are the dollar amount payable by the insurance company to the claimant, assignee, or beneficiary under the policy.
• Q: What Is A Claim?
  A: A claim is a demand to the insurance company for payment of benefits under the insurance contract.
• Q: What Is Cobra?
  A: COBRA is a federal law that regulates group health insurance. If you lose your job and you worked for an employer who has more than 20 employees, you may be able to … More
• Q: What Is A Co-Insurance Or Co-Payment?
  A: This is your share of the bill that must be paid after you have met the deductible amount. This is usually 20% or 30% of the costs up to a specific … More