Oddo Insurance Group

Fast Fact: MOOP is an acronym standing for “maximum out-of-pocket” costs. The MOOP is the limit on annual out-of-pocket expenditures paid by a health plan enrollee for medical services that are covered by a health insurance plan.

Enjoy The Weekend! Genius is the ability to put into effect what is on your mind.

How does Hospital Indemnity Insurance work? If you are admitted to a hospital for a covered illness or injury, the policy pays a predetermined cash benefit based on the terms of your plan. Benefits may be paid for hospital admissions, overnight stays, intensive care, and other covered services.

Does Hospital Indemnity Insurance replace my health insurance? No. Hospital Indemnity Insurance is designed to supplement your major medical health insurance, not replace it.

Working with an independent insurance agent gives you access to multiple insurance companies, allowing you to compare coverage options and pricing in one place instead of shopping around on your own.

Wellness 101: Laughter can also stimulate circulation and aid muscle relaxation, both of which can help reduce some of the physical symptoms of stress.

An "Explanation of Benefits" EOB is created after a claim payment has been processed by your health plan. It explains the actions taken on a claim, such as the amount that will be paid, the benefit available, discounts, reasons for denying payment and the claims appeal process. EOBs are available as a paper copy or electronically.

A health savings account (HSA) helps you save money on health care. By making you a part of the medical services decision process, health savings accounts are designed to help you manage medical expenses and reduce the continuing raising of health care expenses.

Reminder, the “Waiting period: is the period of time that an employer makes a new employee wait before he or she becomes eligible for coverage under the company's health plan. Also, the period of time beginning with a policy's effective date during which a health plan may not pay benefits for certain pre-existing conditions.

Preventive Care Reminder: Regular checkups and screenings can help detect health issues early, when they are often easier to treat.