Category: Insurance. Diffen › Finance › Personal Finance. Comparison articles related to insurance. Differences and comparisons in category "Insurance" There are 12 articles in this category. A. Affordable Care Act vs Old Healthcare System; C. Capitation vs Fee For Service
Actived: 2 days ago
Term Life Insurance vs Whole Life Insurance
(7 days ago) The main difference between term life insurance and whole life insurance is that term life insurance serves as insurance only, whereas whole life insurance is actually insurance plus investment.. A term life insurance policy has 3 main components - face amount (protection or death benefit), premium to be paid (cost to the insured), and length of coverage (term).
Permanent Life Insurance vs Term Life Insurance
(1 days ago) Permanent Life Insurance vs Term Life Insurance comparison. Permanent life insurance is a form of life insurance in which case the policy is valid for the life of the insured whereas term life insurance is valid for a specific term that can vary from 5 to 30 years. Premiums for Permanent vs Term Life Insurance Per
Endowment vs Whole Life Insurance
(7 days ago) What is an Endowment? With endowment insurance, as with term life insurance, the focus is on the length of the policy's terms, usually 10 to 20 years.If the insured dies before the endowment's maturity, the policy's face value — also known as the "death benefit" — is paid in a lump sum to any beneficiaries.
Coinsurance vs Copay
(4 days ago) Suppose the total bill for that visit is $700. The doctor is in the plan's network so the insurance company gets a discounted rate of $630 for that visit. After subtracting the $30 copay from the patient, the balance owed to the doctor is $600. If the deductible had been met, the insurance company would have paid 80% of this $600 balance.
HMO vs PPO Comparison
(4 days ago) Flexibility. PPOs almost always offer more flexible insurance plans, but much depends on the individual plan. In the past, HMOs, especially those under the staff model, were highly restrictive and recognized few providers.Today's common HMO model, which is network-based, is much more flexible.
EPO vs PPO
(4 days ago) PPO, or Preferred Provider Organization, health plans are generally more flexible than EPO (Exclusive Provider Organization) plans and have higher premiums.This comparison explains how. A health plan's network is the set of healthcare providers — e.g., hospitals, doctors, and specialists — with whom the insurance company has contractual agreements in any given plan year. These agreements
Affordable Care Act vs Old Healthcare System
(8 days ago) Health insurance exchanges. Health insurance exchanges will be opened up in every state. These exchanges will function as online marketplaces where individuals and small businesses are able to evaluate and purchase insurance. For the first year of operation, open enrollment on these exchanges run from October 1, 2013 to March 31, 2014.
Employee vs Independent Contractor
(8 days ago) The withheld amount goes toward funding Social Security and Medicare, as well as federal and state unemployment insurance, and sometimes state-based insurance services, like workers' compensation. Self-employed workers must not only pay income tax, but also cover payroll taxes by way of Schedule SE (Form 1040). This is known as self-employment tax.
Medicare vs Medicare Advantage
(4 days ago) Medicare in the U.S. is an insurance program that primarily covers seniors ages 65 and older and disabled individuals of any age who qualify for Social Security. Also covers those of any age with end-stage renal disease. Medicare Advantage, sometimes known as Part C, is a private insurance alternative that replaces "Original Medicare" Parts A
FSA vs HSA
(4 days ago) Qualified medical expenses defined under IRC §213(d), except for amounts distributed to pay health insurance premiums. HSAs can be used to pay premiums for Temporary Continuation of Coverage, Long Term Care, and health insurance for retirees. Non-medical expenses: FSA funds cannot be used for non-medical expenses.
Inc. vs LLC
(5 days ago) Inc. vs LLC comparison. If you're considering starting a company and want to choose between an LLC and Inc. (corporation), here is what you should know about the differences. A limited liability company (denoted by L.L.C. or LLC) is a business structure that provides limited liab
HRA vs HSA
(4 days ago) HSAs can be used to pay premiums for Temporary Continuation of Coverage, Long Term Care, and health insurance for retirees. Non-medical expenses: No, HRA credits can only be used for medical expenses. HSA funds can be used for non-health care distributions but are included in gross income and subject to a 20% penalty if under age 65.
Obamacare vs Romneycare
(7 days ago) Obamacare subsidizes insurance for anyone who earns up to 400% of the federal poverty level. The subsidy will be inversely proportional to an individual’s annual income. Romneycare in Massachusetts subsidizes insurance for anyone who earns up to 300% of the federal poverty level and provides free coverage for anyone earning up to 150% of the
Cancer vs Tumor
(9 days ago) What's the difference between Cancer and Tumor? Tumors are sometimes cancerous but this does not mean that tumors and cancers are synonyms (as most people think). Though all lumps are not cancerous, a few of them are. So a proper examination of lumps is very important. Abnormal Cellular Growth Tumors a
ETF vs Mutual Fund
(2 days ago) ETF vs Mutual Fund comparison. Exchange-traded funds, or ETFs, and mutual funds are pooled investment schemes that differ in how they are funded, traded, taxed and managed. ETFs are gaining in popularity for their transparency, lower fees, better tax efficiency, and more flexible tradin
IRA vs Roth IRA
(9 days ago) IRA vs Roth IRA comparison. The IRA or the individual retirement account is a retirement plan with tax benefits (money invested in a traditional IRA is tax exempt to a certain extent). It was developed in the United States in the year 1974. IRA plans are either self-funded or employe
Snowflake Schema vs Star Schema
(5 days ago) What's the difference between Snowflake Schema and Star Schema? When choosing a database schema for a data warehouse, snowflake and star schemas tend to be popular choices. This comparison discusses suitability of star vs. snowflake schemas in different scenarios and their characteristics. Examples Consider a database
Fiberglass vs Vinyl Windows
(9 days ago) One of the first places homeowners typically look when it comes to making a change that will affect energy bills and comfort in the home is the windows.With choices such as vinyl and fiberglass windows, it’s not always clear which is the best choice.
Vyvanse vs Adderall
(3 days ago) Adderall vs Vyvanse comparison. Adderall and Vyvanse are prescription psychostimulant drugs used to treat attention deficit hyperactivity disorder (ADHD). While Adderall is sometimes the more effective of the two, Vyvanse is considered less addictive. Adderall is a combination of dextroa