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April 30, 2024

Posts tagged "Woligo"
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Ultimate Guide to Health Insurance Terms

At Woligo, we believe it’s essential for everyone to understand the components of health insurance. That’s why we created this guide – to help you navigate the world of health insurance so you can maximize your benefits.  Accident insurance Accident insurance helps provide financial protection for those who may become injured or deceased due to an unexpected accident. The insurance benefits help cover out-of-pocket medical expenses and other bills that emerge while healing from your injury. It works alongside your primary health insurance plan, making payable benefits directly to your pocket instead of the medical facilities that are treating you.   Adjusted Gross Income (AGI) An adjusted gross income (AGI) is your total income for the tax year, minus certain deductions you’re allowed to take. Affordable Care Act The Affordable Care Act, also known as Obamacare, is a comprehensive health care reform law signed by President Barack Obama in 2010.   Affordable coverage For a full-time employee, coverage is considered affordable if the lowest cost self-only health plan is 9.12% or less of the employee’s household income.   Annual Limit An annual limit is the maximum amount of benefits your insurance company will pay in a plan year. Annual limits […] read more
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Ultimate Guide to Health Insurance Terms

At Woligo, we believe it’s essential for everyone to understand the components of health insurance. That’s why we created this guide – to help you navigate the world of health insurance so you can maximize your benefits.  Accident insurance Accident insurance helps provide financial protection for those who may become injured or deceased due to an unexpected accident. The insurance benefits help cover out-of-pocket medical expenses and other bills that emerge while healing from your injury. It works alongside your primary health insurance plan, making payable benefits directly to your pocket instead of the medical facilities that are treating you.   Adjusted Gross Income (AGI) An adjusted gross income (AGI) is your total income for the tax year, minus certain deductions you’re allowed to take. Affordable Care Act The Affordable Care Act, also known as Obamacare, is a comprehensive health care reform law signed by President Barack Obama in 2010.   Affordable coverage For a full-time employee, coverage is considered affordable if the lowest cost self-only health plan is 9.12% or less of the employee’s household income.   Annual Limit An annual limit is the maximum amount of benefits your insurance company will pay in a plan year. Annual limits […] read more
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