Morale hazard is when carelessness or lack of responsibility by the insured increases the chance of a loss happening. Insurance is built on trust. The insurance company agrees to help …

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Moral hazard in insurance happens when someone takes more risks or is less careful because they know insurance will cover the loss. Insurance is meant to protect us when something …

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A health insurance member is a person who is enrolled in a health plan and eligible to receive covered healthcare services under that plan. When reading health insurance documents, you’ll …

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A modified guaranteed annuity is a type of annuity that can adjust the value of your money when you withdraw it, based on market conditions and a formula in the …

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Mobile homes under transport insurance protects a mobile home from damage while it is being moved from one location to another, whether for personal or commercial reasons. Moving a mobile …

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Mobile home homeowners insurance is coverage designed to protect people who own and live in a mobile or manufactured home, covering the home, belongings, and personal liability. Owning a mobile …

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A Minimum Premium Plan is a hybrid health insurance option where an employer self-funds most employee claims, while an insurance company helps manage the plan and protects against very large …

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Medigap is extra health insurance that helps cover the gaps in Medicare, like deductibles, copays, and coinsurance, so your medical bills are more predictable. Understanding Medigap in Plain English Medigap, …

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Medicare Supplement insurance, also known as Medigap, helps pay the out-of-pocket costs that Original Medicare doesn’t fully cover, making healthcare expenses more predictable. If you’re on Medicare, you may be …

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Medicare Part D (Stand-Alone) is prescription drug coverage that helps people on Medicare pay for their medications without changing their medical or hospital coverage. Prescription drugs can be expensive, especially …

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