The Essentials of Taxing and Reporting Insurance Benefits

During this presentation will share the basics of insurances. The differences between the government plans and the commercial insurances. The eligibility requirements to obtain Medicare and Medicaid. Learn the difference between the traditional Medicare and Medicaid to the Advantage Medicare and Medicaid Plans. Also discussed will be the definitions of copayments, coinsurance, deductibles, pre-certifications, pre-authorizations and pre-determinations.

Getting in the door is one of the biggest challenges facing agents today. Booking meetings are both an art and a science—and agents must be willing to do the work necessary to capture the attention of prospects. So how do you get a prospect to say “yes” to that first meeting? To get to “yes,” you must be able to deliver valuable insight, pique their curiosity and demonstrate your value. Join Zywave and special guests, Frank Pennachio and Susan Toussaint, to learn how to land more prospect meetings and set yourself apart from the competition.

In Digital Insurance 2.0, data is a source of competitive advantage for identifying unserved or underserved markets, identifying profitable niches, reducing or eliminating risk, driving channel optimization, enhancing service and improving customer experiences. Combining data from traditional internal and new external sources can improve the richness of information used to make a wide array of business decisions that are increasing the gap between Insurance 1.0 and Digital Insurance 2.0 at an accelerated rate. To realize the benefits of becoming truly data-driven at the company level, insurers must have a broad enterprise data strategy underpinned by a robust enterprise data warehouse and model to capture internal and new, external data sources across multiple systems so that advanced and emerging analytics can be used effectively.

In late 2021, we were presented with what Mark Zuckerberg has described as “the successor to the mobile internet”. The metaverse has the potential to reimagine Internet 2.0 from the ground up, right at a time in which the insurance industry is still making its own transition to Internet 1.0. In this event we will discuss what insurance products could look like within the bounds of the metaverse. What impact will this technology have on the way in which insurance products are bought and sold? And more than just being a distribution platform for insurance products, will the metaverse present a new range of insurable risks?