Provides an overview of insurance concepts, from premium calculations to coverage types and card details.

What Is Elixir Insurance?

Elixir Insurance is a Medicare-approved Prescription Drug Plan (PDP) provider, not a general insurer, and it offers two specific Part D plans: Elixir RxPlus and Elixir RxSecure. If you are...

Who Bought Aetna Life Insurance Company?

CVS Health bought Aetna Life Insurance Company, completing the acquisition on November 28, 2018. Aetna now operates as a wholly owned indirect subsidiary of CVS Health, marking one of the...

What Is Binding In Insurance?

Binding in insurance is the point when coverage becomes effective through a temporary binder or an authorized representative's commitment, before the formal policy is issued. This means that when an...

How Does Ticket Insurance Work?

Ticket insurance is a policy that reimburses you for the cost of event tickets when a covered, unforeseen circumstance prevents you from attending. Its core promise is financial protection: if...

What Insurance Does Banner Health Accept?

If you are searching for what insurance does Banner Health accept, the direct answer is that Banner Health states it accepts most major insurances, but it does not publish a...

What Are Surplus Lines Of Insurance?

Surplus lines insurance is coverage placed with a non-admitted but eligible insurer through a specially licensed surplus lines broker when standard carriers decline a risk. It exists to fill gaps...

What Is A Peer-To-Peer Review For Insurance?

A peer-to-peer review for insurance is a clinician-to-clinician phone discussion between the treating doctor and the insurer's physician reviewer or medical director about a denied or questioned service's medical necessity....

What Is A Life Insurance Broker?

A life insurance broker is an intermediary who works for you, the client, to find, compare, and manage life insurance policies from multiple insurers. Unlike an agent who represents one...

What Does BOR Mean In Insurance?

BOR in insurance stands for Broker of Record, the licensed broker or agency a policyholder formally authorizes to represent them with an insurance carrier. A Broker of Record letter is...