What is group insurance vs. individual insurance? This question is the most commonly asked by people researching their health insurance options. A simple way to explain this is that group insurance is a policy
Are you wondering how to contain the cost of employee benefits? Unfortunately, increases in health insurance costs are driven by factors that are outside of the company’s control, such as: The cost of care
Absolutely! Using an insurance broker is free! There is no charge to the consumer for their services because most insurance companies pay the agent and broker. And, since the department of insurance regulates prices,
Members Health Plan is implementing an orderly wind-down of all business plans. What is the impact of the wind-down on those currently enrolled in the Plan’s benefit programs? You should seek alternative coverage as
Wise companies know one sure way to attract employees. They include dental in their benefits package. That’s because insurance packages, including dental benefits, are in high demand by those in the job market. They
The birthday rule applies when a child is covered under both parents’ health plans. Primary coverage comes from the parent’s plan whose birthday (month and day only) comes first in the year, with the
Are you looking to sign up for health insurance but don’t qualify for a special enrollment period? Well, good news because of COVID, you can now enroll or change plans outside of open enrollment
Health insurance companies use many acronyms like HMO, PPO, and specialized terms like “deductible” and “copay.” You may be wondering if you’re the only one who’s confused. Good news, your not. These terms can
Every health insurance plan has an out-of-pocket maximum. An out-of-pocket max is a cap, or limit, on the amount of money you have to pay for covered health care services in your plan’s year.
According to IRS rules, a high-deductible health plan is exactly what it sounds like. It is a health insurance plan with a deductible of at least $1,400 if you have an individual plan or
Cosmo Insurance Agency is a full-service independent insurance agency based in New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses.
Disclaimer: The information on this website is for informational and educational purposes only and is not a substitute for competent insurance, legal or tax advice and you should consult with a licensed professional in your state.
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