2 Ways To Avoid Health Insurance Billing Problems

Posted by on Apr 28, 2015 in Uncategorized

After enduring an illness or injury, nothing is more frustrating than staring at a medical bill that doesn’t seem quite right. Although you might be tempted to blame your insurance company, chances are that your own mistakes could have contributed to a skewed statement. Here are two ways to avoid health insurance billing problems, so that you won’t have to spend your time worrying: 1: Understand Your Coverage Your insurance company sends you a packet of information every year, but that doesn’t mean you read it. Insurance information can be confusing, which is one of the reasons that it is so important to go through your policy before an emergency. Here are a few things that you should research, and why it might matter later: Deductibles: Before your insurance pays for their portion of your medical bills, you will be required to pay a deductible. For example, if your deductible is $500, you will be asked to pay the full total of all of your bills until you have paid $500. After that time, your insurance will pay their covered percentage. Make sure that you are innately familiar with your required deductible, and when it resets each year. Preventative Care: The recent Affordable Health Care Act changed which services were covered under the umbrella of preventative care. Review which services are covered under preventative care, so that you aren’t charged for a procedure that should have been free.   In-Network Providers: If you mistakenly go to a hospital or doctor’s office that doesn’t work with your insurance, your visit might cost exponentially more. After you get a new insurance card, take the time to research local hospitals and doctors that accept your insurance. If you have questions about your coverage while you are doing your research, contact an insurance representative. Customer service experts might be able to give you a rough idea regarding your coverage during hypothetical situations, so that you can budget accordingly. 2: Ask Your Doctor’s Office to Verify Coverage When your doctor suggests certain medications or procedures, you might be ready to give the green light. Unfortunately, unless you verify coverage with your insurance company first, you might be left footing the bill for an uncovered service. Ask your doctor to have his staff check with your insurance company to verify coverage before you agree to any treatment. It might take a few extra minutes to verify that your insurance company will cover the service, but it could save you a lot of money in the long run.   By taking the time to do your research and check your bill, you might be able to understand your insurance coverage and avoid a few hassles along the way. To find out more information, contact a company like Davies-Barry...

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Does Your Homeowners Insurance Cover Your Mold Problem?

Posted by on Apr 14, 2015 in Uncategorized

Your standard homeowners’ insurance policy may or may not cover mold problems. This confusion exists because mold needs water to grow, and most standard policies do not cover some forms of water damage. The examples below will help you determine whether your mold damage is likely to be covered. Your mold problem may not be covered if it is caused by: Flood Most homeowners’ insurance policies do not cover natural disasters, and flooding is a natural disaster. Therefore, if your mold problem is traced back to a flood, then it will not be covered. If your mold growth was created by flood water, then you can only make a claim for it if you have flood coverage. Therefore, you’ll want to have a flood policy if you live in a flood-prone area. The Federal Emergency Management Agency, FEMA, provides a resource you can use to know if your area is flood-prone. Maintenance Issues When you buy an insurance policy, the insurance company agrees to compensate you for the covered risks, and in turn, you agree to have measures in place to reduce such risks. Therefore, if you don’t live up to your end of the bargain, then the carrier may not pay your claims. This is why your mold problems may not be covered if they result from water problems that you ignored. An example is if you have a continuously leaking pipe that you fail to repair. Fortunately, your insurer isn’t likely to deny all of your mold-related claims. For example, you may be compensated if the mold is caused by: A Sudden and Accidental Water Loss Insurance policies are set up to cover accident, and a sudden water loss fits this description. Therefore, your mold issue may be covered if it is caused by a spontaneous problem such as burst pipes. Fire Fire can cause water damage; for example, it can cause cracks in your plumbing. The resulting leak may then cause mold to grow in your house. Fire damage is one of the standard risks covered by homeowners’ insurance policies. Therefore, if a plumber traces the pipe damage to fire, then you may be compensated for the mold, too, because it stems directly from the fire. You can save yourself a lot of trouble by scrutinizing your policy whenever you renew your coverage. It also pays to ask your agent as many questions as you can to clarify the types of damages that may be excluded. Of course, you also need to carry out all the maintenance services that your home needs. If you have any concerns, talk with an agency like Barrett Harding Insurance about your...

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