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The New Relationship between Medicare and Michigan Auto Insurance
Michigan has recently updated its laws on auto insurance’s medical coverage, effective July 1, 2020. The various changes provide new options for Medicare enrollees regarding options for Personal Injury Protection (PIP) benefits. Michigan has unique laws compared with the rest of the nation, due to unlimited healthcare coverage for automobile accidents, which is why costs have been more expensive than
Federal Agencies Issue COVID-19 Relief for Employee Benefit Plans
As a consequence of the global pandemic, employers are struggling to provide voluntary benefits plans and profit-sharing bonuses to their employees. Thus, the Department of Treasury and the Department of Labor (DOL) announced relief measures to help the participants and beneficiaries of the International Foundation of Employee Benefit Plans. These rules will allow extensions for the deadlines, making it easier for participants
6 Factors That Can Influence Your Auto Insurance Rates
Choosing the right auto insurance policy can be difficult, especially for new car owners. Before you contact your insurer, learn about these six factors that may affect your auto insurance premiums. Your Age Younger and less experienced drivers often pay more compared to old and experienced drivers. If you’re below 25 and lack driving experience, it can be difficult for you
4 Critical Mistakes to Avoid When Filing Insurance Claims as a Small Business Owner
Running a small business involves some risks. Natural disasters, equipment failures, and accidents that result in injuries can put your business in a difficult position. The best way to save your business from these risks is to buy a comprehensive business insurance policy. However, to make the most out of the claims process, you need to avoid these mistakes that
4 Ways to Rebuild Small Businesses
The COVID-19 pandemic has forced several small businesses to remain shut down. According to a survey, 92% of small businesses have experienced adverse effects due to the pandemic. Here are some ways to rebuild your small business after COVID-19. 1. Update All Financial Records Go through all your financial statements and assess how much damage has occurred. Compare this year’s numbers
