Original Medicare Tops Advantage

Managed Healthcare Executive | November 15, 2019

Original Medicare Tops Advantage
Based on results from a recent survey by Insurance.com, those with original Medicare reported the highest satisfaction versus those with Medicare Advantage—offered by private insurers— as well as employer-based plans, Medicaid and individual insurance or Affordable Care Act plans. Of the nearly 1,000 participants in survey, the Medicare consumers rated satisfaction with their health coverage on a scale of 1 to 5, with 5 being the highest level.

Spotlight

Builders risk is considered “non-standardized” coverage. This means that, unlike most other types of insurance, the terms and coverage afforded can vary considerably from policy to policy. For this reason, a builders risk policy should be closely examined in order to determine the scope of coverage and to make sure the insurance obtained actually meets your company’s needs. Indeed, for especially significant projects, it may be prudent to hire an attorney to review that policy so that there are no surprises in the event of a loss. While it is recommended that the entire builder's risk policy be reviewed, what follows below is a checklist of the provisions of special importance, which should be closely examined.

Spotlight

Builders risk is considered “non-standardized” coverage. This means that, unlike most other types of insurance, the terms and coverage afforded can vary considerably from policy to policy. For this reason, a builders risk policy should be closely examined in order to determine the scope of coverage and to make sure the insurance obtained actually meets your company’s needs. Indeed, for especially significant projects, it may be prudent to hire an attorney to review that policy so that there are no surprises in the event of a loss. While it is recommended that the entire builder's risk policy be reviewed, what follows below is a checklist of the provisions of special importance, which should be closely examined.

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