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No, You Didn’t Just Lose Half Of Your Retirement Savings
So here we are just a month later, in a full-blown economic panic, and at the start of the most sudden recession ever. The pandemic has spread much further and faster than most uninformed people (including me) would have ever guessed, and the whole world is on some form of lockdown. Nothing quite like this […]
Famed Windsurfer’s Oceanfront Maui Estate Floats on to the Market for $18M
The champion windsurfer Robby Naish is sailing away from his 73-acre oceanfront estate in Haiku, on the North Shore of the Hawaiian island of Maui.
The post Famed Windsurfer’s Oceanfront Maui Estate Floats on to the Market for $18M appeared first on Real Estate News & Insights | realtor.com®.
What is a Judgment?
A judgment is an order issued by a court of law. When you borrow money, you are legally required to repay the debt. This includes opening a credit card account, getting a line of credit from your bank and obtaining financing for a big purchase. You can also become indebted to service providers. This can… Read More
The post What is a Judgment? appeared first on Credit.com.
15 Reasons to Invest After Retirement
The time has finally come: youâre ready to retire. For many, this means living off savings or social security, but in reality, now that youâre unemployed itâs time you started making real money. Investing after retirement is a great way to continue making income, cover expenses in lieu of a regular paycheck, and stay plugged… Read More
The post 15 Reasons to Invest After Retirement appeared first on Credit.com.
How to Prevent Your Health Insurance Provider from Denying Your Claim
You need pre-authorization or a referral
Did you need to undergo a medical procedure such as an MRI or a CT scan? If so, your insurance provider may require a referral or pre-authorization from your physician.
Even if the facility agrees to provide the procedure without a referral or pre-authorization, your insurance provider may not agree to cover the cost. To rectify the situation, see if your doctor can reach out to your insurance carrier and let them know about ordering the procedure for you. (Physicians and other healthcare specialists using services like Fortis Medical Billing may have an easier time working with your insurance carrier.)
Your policy does not cover the procedure
Even with proper pre-authorization or a referral, you must check with your insurance provider or look over your policy to ensure your plan includes the procedure. Even if your carrier previously covered the procedure, your latest plan may not include it.
You used an out-of-network provider
Something else to double-check on your insurance plan is whether the provider you want to see is in your current provider network.
Provider networks are common for exclusive provider organizations and health maintenance organizations. If you do not use an approved provider who agrees to your carrier's payment terms, your insurance carrier may deny your claim. Occasionally, insurance companies will accept a claim from an out-of-network provider, but you may have to pay a higher percentage of the costs than you normally would.
If you want to have the option of using out-of-network providers, ask your current carrier if you can include out-of-network benefits on your current health insurance plan. That way, you receive non-emergency and/or elective treatment.
Your claim contains typos
A clerical error on your part may be the reason for your denial. Check to see whether you listed your birth date, name, address, and all other personal information correctly on your claim. If you notice a typo, reach out to your provider's customer service department to correct it.
Your physician billed the wrong provider
Perhaps the mistake was your doctor's and the wrong insurance carrier received your claim. This sometimes happens if you go to a doctor or another healthcare provider you have not been to in a while. They may have outdated or inaccurate policy information on file.
Do you have multiple health insurance policies? Maybe you and your spouse have separate plans through your employers but see the same physician. If so, your doctor may have sent the bill to your spouse's carrier rather than yours.
If your physician billed the wrong provider, see that the office sends the bill to the right company as soon as possible. Waiting too long could result in a denial because the bill did not arrive on time to qualify for approval.
Your service was not considered medically necessary
Another reason insurance companies deny claims is that they do not feel the requested service qualifies as medically necessary. Even though you may need a procedure, treatment, or service, you may have to make your policy provider understand why you need it.
Team up with your doctor to supply your carrier with adequate evidence of your medical need. Also, ask yourself if you truly need the service to improve your health or if you only want the service for vanity or nonessential reasons.
You did not choose the less-expensive option
Insurance companies are a business, which means they want more money coming in than they do funneling out. If you opt for a more expensive medical option when a less expensive one achieves the desired result, your carrier may deny your claim based on cost-efficiency.
Always choose the less-expensive procedure or treatment first. If results do not work the way your physician would like, then you can see if your provider would cover the more expensive option.
Do not lose hope if your carrier denies your claim. A phone call and the right information could change everything for the better.
8 Tips for Improving HVAC Efficiency
Heating and cooling is easily the most energy intensive system in your home. According to the U.S. Energy Information Association, heating and cooling is to blame for almost half of all the energy expenditure in the average American household, beating even the growing energy consumption of appliances and electronics. Thus, by properly maintaining your HVAC system, you can improve its efficiency and reduce heating and cooling costs dramatically. If you want to reap the savings of an efficient HVAC, here’s how.
8 Tips for Improving HVAC Efficiency
- Close Up Your Home
- Consider a Home Warranty
- Calibrate Your Thermostat
- Check Your Economizer
- Control Your VFD
- Cut out Your BAS
- Clean Your Coils
- Connect Timers
Here they are in more detail.
1. Close Up Your Home
If you have cold or hot air pouring into your home from outside, your HVAC unit needs to work harder than it should to keep your home the right temperature. Therefore, one of the most basic ways to improve HVAC efficiency is to seal and insulate your home. First, you should keep doors and windows closed whenever your HVAC is running; then, you should check that the insulation in your walls and attic (if you have one) is still doing its job. By doing this, you can reduce your heating and cooling costs by up to 20 percent.
2. Consider a Home Warranty
If you’ve ever wondered how to compare home warranty vs. home insurance, now is your chance to learn. Home warranties guarantee the systems of your home, like your HVAC, against the ravages of time. If your HVAC breaks down for any reason, you can contact your home warranty provider, who will send an HVAC specialist to diagnose and fix the problem for a low, flat fee around $70. Though a home warranty won’t keep your HVAC in tip-top shape, it will secure you against total HVAC failure.
3. Calibrate Your Thermostat
You shouldn’t just trust that your thermostat knows what temperature it is in your home. It is easy for thermostats to be anywhere from a percent of a degree to five whole degrees off from the true temperature, and that seemingly small difference will cost you over time. To be certain your thermostat is reading true, you need to purchase a trustworthy thermometer and keep it on the wall a few inches from your thermostat. Then, using that tool, you can calibrate your thermostat appropriately.
4. Check Your Economizer
Economizers are machines attached to your HVAC to ensure high efficiency, but they don’t always work as expected. Often, economizers slip their links or contain faulty controls—or else someone in the past tinkered with them improperly. You should pay a visit to your HVAC economizer and give it a once-over; look specifically for open dampers (which should be kept closed) and any signs of quick fixes, like string or unfinished wood, that could indicate issues.
5. Control Your VFD
A variable frequency drive (VFD) controls the speed of the motor in your HVAC unit, providing energy savings proportional to the rotations per minute. However, like economizers, VFDs can malfunction and/or can be interfered with, causing efficiency-related problems. You should peer into your VFD and ensure that it isn’t running on bypass mode, so you can reap appropriate energy savings.
6. Cut out Your BAS
A building automation system (BAS) provides centralized control of HVAC as well as lighting and other systems. Such systems usually only exist in larger structures with more complex energy and control needs, but if your home is in an apartment or condo building, you might be subject to a BAS. You should either try to remove a BAS that is impeding the proper use of your HVAC or else contact your building manager to express concern over the BAS functionality.
7. Clean Your Coils
On the same day you clean your refrigerator coils, you should also clean your HVAC coils. Because HVAC units are typically placed in out-of-the-way areas that are rarely cleaned – like your roof, your basement, your attic or a corner of your yard – it doesn’t take long for them to accumulate dirt and grime. Debris on your HVAC coils forces the machine to work harder to produce the same effects, and it can reduce indoor air quality. Thus, you should schedule a coil cleaning at least once per year.
8. Connect Timers
There is no sense in heating or cooling an empty home. When you are away – at work or on vacation – you should consider setting a more lenient temperature on your thermostat, so it doesn’t need to work so hard for no benefit. You can also connect timer switches to your most energy-hungry devices, like gaming consoles, desktop computers and appliances, for a similar effect.
Over time, your HVAC will become less efficient—unless you do something about it. By participating in preventative maintenance, you can reduce your home energy costs and avoid the high expense of repairing or replacing your equipment.
6 Simple Tips for Retirement Investing
Answers to Your Toughest Retirement Questions
In this week’s podcast: We tackle some of the most vexing issues for those approaching their golden years.
How to Stop Using Credit Cards
The post How to Stop Using Credit Cards appeared first on Penny Pinchin' Mom.
The reason most people are in debt is due to credit cards. These little pieces of plastic tempt you with high limits and low payments. They are simple to use and often a hard habit to break. You have to teach yourself how to stop using credit cards and end the cycle of more debt. … Read More about How to Stop Using Credit Cards
The post How to Stop Using Credit Cards appeared first on Penny Pinchin' Mom.