What is a fully insured health plan?

Answer Fully insured health plans were common before the 1970s, but fully insured plans now fall into the minority of health insurance coverage types. This type of insurance provides the least amount of r... Read More »

Top Q&A For: What is a fully insured health plan

Can a fully insured driver deliver an uninsured car to you?

Answer It would be better to tow or trailer the vehicle but otherwise I would say that this would work from a legal standpoint. That's not to say though that a legal nightmare wouldn't unfold if t... Read More »

Can a fully insured driver drive an uninsured car?

It will depend on the driver's car insurance company. In case that driver gets into a car accident, it would be presumed his car insurance will step in to settle the damages.

Your husband has medicare and a health plan from his employer which plan should be the primary plan?

Answer Where I work, the employer plan would be secondary and medicare would be primary. It might depend on how the company has it set up but I can't imagine any company today wanting to be the pri... Read More »

What is a fully funded retirement plan?

A fully funded retirement plan indicates that the company has the money or assets necessary to pay employees the money they have earned under the plan, according to the Pension Benefit Guaranty Cor... Read More »