Health insurance networks are groups of doctors, hospitals, and other healthcare providers that have agreed to provide services to members of a particular health insurance plan. There are “in-network” providers as well as “out-of-network” providers. In-Network Providers have negotiated agreements with the insurance company to offer services at a certain rate.Out-of-Network Providers have not established […]
Margin Protection (MP) coverage is designed to protect against unexpected decreases in operating margins and can be purchased annually for crops such as corn, rice, soybeans, and spring wheat in select states and counties. Here’s how it works: Expected Margin = Expected Revenue (Yield × Price) – Expected Costs An MP indemnity is paid if […]
Another summer is ending. It’s hard to believe how fast it went by. I hope you’ve enjoyed time with your family and friends and found time to relax. Unfortunately, back-to-school time means chaotic schedules, congestion on roadways, and added stress. Depending on your children’s ages and their involvement in extracurricular activities, the chaos might have […]
A severe thunderstorm can roll through your neighborhood, bringing lightning and damaging wind, while nearby there could be hail damage. Regarding unpredictable weather, hail and the damage it creates fits the bill. So, how is hail created? Hailstones are created when raindrops are forced upward by thunderstorm updrafts into the cold atmosphere. As hailstones collide […]
Summary of Benefits and Coverage (SBC) is a standardized document that provides a summary of the insurance coverage details and how you and the plan would share the cost for covered services. The SBC is only a summary. For more details on certain coverage details, we recommend calling the carrier directly. Typically their number is […]
Cosmetic damage exclusions in farm property insurance refer to specific provisions or clauses in the insurance policy that exclude coverage for damage that is purely cosmetic or superficial in nature. This means that if the insured property, such as outbuildings, grain bins, or other structures on the farm, suffers damage that does not affect its […]
It’s hard to believe summer has gone by so quickly. The back-to-school ads are in full swing, and families are making their yearly trek to the stores. According to the National Retail Federation, this time of year is the second biggest spend for consumers (after the holidays, of course). In 2021, it was estimated that […]
Choosing which college or university to attend can take time and effort. So many decisions need to be made. If you or your student plan to commute, that takes away some, but not all.Here are some pros and cons of commuting and some commuter tips. Pros 1. Can make college more affordable. Fluctuating fuel prices and […]
Under the Affordable Care Act (ACA), certain preventive services are required to be covered by health insurance plans without cost-sharing, meaning they must be provided at no additional cost to the patient.The ACA’s preventive services include a wide range of screenings, vaccinations, counseling, and preventive medications for various conditions. Some examples of preventive services covered […]
To safeguard the value of farm inventory, it’s important to have insurance coverage that extends beyond a blanket personal property policy’s limit during specific periods. Peak Season coverage provides additional insurance to protect inventory when its value is higher than normal. Let’s explore why considering this coverage is essential for farming business. Cost-Effective Solution: Peak […]
