The Difference Between Primary & Contingent Beneficiaries

Thursday, 11 August 2022

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Life Insurance

None of us like to talk about it, but we all need it! Yep, you guessed it… it’s life insurance!

Having life insurance helps you sleep better at night because you know that your loved ones are financially taken care of in case anything were to happen to you.

One of the most important things to consider when taking out a life insurance policy is who to name as your beneficiary.

A beneficiary is the designated person who receives the benefit payout of a life insurance policy.

But did you know that there are two types of beneficiaries? There’s a primary beneficiary and a contingent beneficiary that you can list on your life insurance policy.

A primary beneficiary is the person who’s going to receive the life insurance money first. A contingent beneficiary is your plan B; they will receive the life insurance money if something were to happen to both you and your primary beneficiary.

It’s always a good idea to have a plan B, so make sure to list a contingent beneficiary on your life insurance policy!

If you ever need to remove or change your primary or contingent beneficiaries, you can do so by contacting your carrier.

If you have any questions about primary or contingent beneficiaries or would like a life insurance quote, give Clevenger Insurance a call today at 574-267-2181.

Eb Client Testimonial 83

Is iPad Insurance for Kids Worth It?

Thursday, 28 July 2022

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Ipad Insurance

It’s officially back to school season for the kiddos which means back to school shopping, overstuffed bookbags, and the dreaded decision of whether or not to purchase iPad insurance.

Most schools now allow students to take their iPads home with them for eLearning purposes. While this is a great way to catch up on homework from home, we all know that kids are prone to accidents! For this reason, our recommendation is to always purchase the iPad insurance offered to you through the school.

If there’s an accident involving the iPad, your homeowner’s insurance policy will not cover the cost of the damages because the iPad doesn’t technically belong to you.

So, make sure to leaf through that back-to-school packet that your kiddos are sure to bring home on the first day back to school, and fill out that form requesting iPad insurance!

 If you have any questions regarding your current coverages, give Clevenger Insurance a call at 574-267-2181.

When Your Plan Doesn’t Have Out of Network Coverage

Thursday, 28 July 2022

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If you’ve just learned that your health insurance plan does NOT have out of network coverage and you’re about to panic, hit the pause button and consider these 2 things:

  1. Check for in network providers by accessing the health carrier’s phone app, going online to their website, or calling the carrier direct
  2. If your doctor is out of network, talk to them about any discounts or financial help they could offer you or if they could refer you to an in-network provider they trust.

We understand that not having out of network coverage can feel like a scary thing! But it doesn’t have to be once you take a deep breath and focus on the facts.

If you would like assistance in searching for in network providers, give Clevenger Insurance a call at 574-267-2181.

Answering Your Questions on Foster Care Kiddos

Wednesday, 29 June 2022

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Foster Care

A common question we run into is, can foster children be added to my employer sponsored health insurance plan?

To make it easier for you, we’ve done our research and asked the health carriers, and unfortunately, the answer to this complex question is no.

The reason foster kiddos cannot be added to your health insurance plan is because those kiddos are considered wards of the state. Therefore, the state of Indiana is required to provide Medicaid services for free, at no cost to you, for the child.

This is why private insurance companies such as Anthem, PHP, or UnitedHealthcare, will not allow you to add your foster kiddos to your plan. They know that the state is obligated to provide that coverage for them!

If you have questions about your health insurance plan, give Clevenger Insurance a call at 574-267-2181.

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Navigating Ambulance Charges

Thursday, 02 June 2022

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Ambulance

When you go through something as traumatic as an ambulance ride, the last thing on your mind is whether or not it’s covered under your insurance plan.

So, when 6-8 weeks later you receive a gigantic bill in the mail stating that insurance will not pay for your ambulance services, it can be a bit frustrating!

Believe it or not, this a common occurrence!

Typically, ambulatory services are considered “out of network”. Ambulance providers are usually independent contractors who do not work with any insurance companies. This means that when they bill you, there’s no limit for “reasonable and customary” charges.

Therefore, they can bill you however much they want because they’re not contracted with an insurance company that tells them what’s reasonable and customary to charge you!

The best thing you can do once you receive that bill is to call the provider and negotiate the bill down. Make sure to explain to them that it was a true emergency situation and that you can send in your Explanation of Benefits from your insurance company showing that they coded it as an “in network” claim due to the nature of the true emergency.

If you have any questions regarding ambulatory services and your insurance, give Clevenger Insurance a call today at 574-267-2181.

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