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Does Insurance Cover CBD Oil? Here’s the Info

At The Alexander Group, we are all well aware of the lingering concern of insurance coverage for CBD oil products. In fact, some of us here in the office use CBD oil regularly, and wish that we could report that insurance covers CBD oil costs. However, the truth is that most CBD oil products are not covered by most insurance companies.

There are several reasons why your favorite CBD products are not covered by insurance. For one, CBD is derived from hemp (also known as marijuana) which is a contentious debate around the country as to whether the cannabis plant should be removed from a Schedule I drug in the United States. Partly because of this, the FDA has only approved one drug (at the time of this writing) and medical insurance regularly follows the FDA.

Insurance Overage for Epidolex

Since the FDA has approved Epidiolex, you may be covered by health insurance depending on your plan. This is exciting news for users of Epidiolex as you can receive insurance coverage. It is also exciting as it might foreshadow the FDA’s stance to approve additional CBD products in the future.

Future Implications

We are all watching the CBD industry as it promises to become a billion dollar industry this decade, and it proving to be a useful alternative health option. Specifically, the CBD water soluble benefits seem promising as well as topical cream enhancements. We will continue to watch the market, and report on new discoveries as it affects this growing concern in the local market.

Spring has sprung in Kansas City

Howdy, good folks in KC! With the weather changing, we’re excited to report to you that it seems like Spring has arrived early this year.

I don’t know about you, but at our office, we have been anticipating the Spring for several weeks. Ever since the Chiefs Super Bowl Parade, our office can’t wait for warm weather to arrive and for more outdoor activities to be available.

We’re hopeful for an enjoyable series of weather patterns, however, we also realize the truth that life is unpredictable. That’s where protecting you and your family with insurance comes in handy. Feel free to contact us for more details.

But in the meantime, we are really excited for this year — it’s the start of the new decade! We’ve gone ahead with preparing our next corporate pictures by scheduling a date with the Kansas City professional photographers so that we can get our corporate photos this year.

Moving Forward

We’re going to get better at posting more updates on this blog, as we know many of you want to be in-the-know. It’s better to think ahead– that’s what we say, anyway! To assist in our regular updates on the site, we have hired a wonderful blogger named, Samantha! She will be our go-to to help source content, and keep you all updated regularly moving forward.

Have a great week ahead!

Helping Hand In Action with Moving Company Insurance

When people think of finding a local insurance company to help them protect them against risk, many thoughts come to mind in the eyes of the consumer. According to the US Census Data, there are numerous reasons for national moves. In this post, we want to provide you with a perspective for how our insurance can help you against unplanned risks for your business.

Moving Companies Insurance

Over the years, we have helped many companies across the nation to insure their business and protect them from unplanned catastrophes. Moving companies face unique challenges. As a moving company, consumers need to trust the moving company to assist in transporting goods (including furniture, family heirlooms, etc) from one location to another location. Moving company owners are facing a risk of damaging goods and risk for unplanned accidents along the way. For this reason, it’s vitally important for business owners to be protected against risks by having a certificate of insurance from their moving company.

Moving Company Certificate of Insurance

With a certificate of insurance, the moving company is able to better protect themselves and their clients against risks during their normal business operations. There are other factors such as the the amount of coverage provided with each certificate of insurance, but we want to showcase a real example to give you a better perspective for how this plays out in real life.

A Move from LA to KC

When an entrepreneur decided to move his company from Los Angeles to Kansas City, logistics in moving his headquarters came to mind. After putting the initial plans into action, he noticed that the plans for his move needed to be reconsidered due to the potential risk that his secretary identified midway-through the transition.

Verify Certificate of Insurance

The secretary, upon requesting the national moving company’s certificate of insurance, was dumbfounded when she realized the certificate couldn’t be furnished. This affected the entire project with the company’s move, that they had to find a different moving company because protecting assets during the move (with an active certificate of insurance from the moving company) was vital during the move of the company headquarters.

The company decided to switch over to the Long Beach moving company which then furnished the needed certificate of insurance to help them transition from Los Angeles to Kansas City. With this in place, the company transitioning to KC, could have more peace of mind with their move due to the certificate of insurance with the new moving company.

Protecting Your Company, Too

If you’re in a similar situation, we can help you, too. Companies of all types might be facing the same issue — how to ensure your assets are protected during an important transition. For these reasons, you can contact us to understand more about the important factors to consider during your transition. We look forward to serving you!

Salute to Kansas City

Look around KC, and you’ll find that the city offers a lot of amenities and options for people people in the area. There are a variety of interesting local businesses to support in the city, and we would like to briefly give you a run down of a variety of businesses you might consider supporting.

As the Chiefs gear up to start their season, and the holidays are upon us, we want provide you with options of local Kansas City businesses which gain our stamp of approval.

Kansas City has it all. Whether it’s local bbq in KC to places where you can buy CBD Oil. The city boasts citizens which benefit from a relative higher standard of living to a die-hard fanbase of the Kansas City Chiefs.

Locals have options to get a wonderful massage in KC to entertaining yourself at Worlds of Fun. When any asks you, “Is there anything interesting going on around town,” you know there are always local events happening practically every single day in the city.

These are just some of the reasons why we like to call KC our home. At Alexander Group, we serve Kansas City to help by doing our part making this city a greater place to live and raise your family. Helping to assure peace in the household and assurance of a better tomorrow is what inspires us to work hard for KC everyday. If you need insurance, please contact us today!

How Health Insurance Works for Dummies

A few things in life are straightforward. Unfortunately, understanding how your personal health insurance works isn’t one of them. In this blog, we are going to make health insurance simple.

Health Insurance Basics

By having health insurance, you establish a way to pay for medicinal consideration and remedies. All health insurance plans have something called a “premium”, which is the amount of money you’ll pay for insurance inclusion. After paying a premium, you receive coverage when you need care.

The sum that you pay will rely upon whether your specialist is in your medical network. Network specialists agree to charge a specific amount for the administrations, so you will probably pay less when you use them.

Are There Processes I Need to Know?

There are some processes you will need to know, it may seem overwhelming at first, but reading your policy carefully and talking to a representative of your health insurance can alleviate any confusion. For instance, you may have a “copay” or set sum you’ll pay every time you visit your medical specialist.

There’s also the “deductible” or the amount you’ll pay in order to start your plan. You may also have something called coinsurance or the rate you pay for administrations once you achieve your deductible.

What’s more, there’ the “out-of-take limit” – the most you’ll pay for system administrations amid the year.

Let’s Talk Drugs

There are a couple things you need to realize when visiting the drug store. For one, nonexclusive medications have the same effectiveness as popular brands, but at a much more cost effective price.

Picking the Right Amount of Coverage

There are normally two kinds of health insurance plans, a conventional health insurance plan, which regularly accompanies a higher premium and lower deductible and high-deductible well being plans may have a lower premium and a higher deductible. Some high-deductible plans additionally accompany a unique record.

A health reimbursement account is subsidized by your employer and is utilized to enable you to pay for qualified restorative costs, like a visit to a specialist or an x-ray.

A health savings account is an account that gives you a change to set cash aside, tax-exempt, to spare and pay for human services costs now or later on. Please make sure to check with your manager to check whether your health insurance plan additionally offers different advantages like vision and dental inclusion or health programs.

Getting The Care You Need

To help keep you healthy, health insurance plans offer 100% payment for routing preventative consideration like a mammogram or yearly health test. In the event that you become ill or harmed, you can visit your essential consideration doctor, who knows you and your health history best, you can also see a specialist any place or whenever with a Virtual Visit on your cell phone or PC, or stop by an accommodation care facility situated in many retail locations.

Understanding health insurance doesn’t have to be hard, you just have to know the processes. Once you do that, you pick a health care plan you feel is the most cost effective.

Do you have any more questions for us about health insurance policies? We would love to help you and answer your questions.

Description of Insurance Limit Coverages and What They Mean to You

Insurance limits are the total amount that an insurance company pays for a claim within the period of the policy. The amount is always clearly spelled out in the policy agreement before coming into effect.

If you experience more losses than the written down limitations and don’t have other policies then you will bear the cost of the extra losses incurred.

These limits exist because it would be impossible for the insurance companies to cater for all the losses incurred which might run into crazily large amounts of money.

For those who feel they might need extra insurance protection, above the set limits, buy back up policies just in case you will need them.

Some of the insurance limits offered are:

Scheduled Limits

This is a type of coverage where each asset/property has its own specified limit. This insurance limit is mostly used in asset insurance. This coverage is generally used when an individual or a company owns several buildings. In this case, the owner will have to ensure each building separately.

Standard Limits

This is the most amount you can get back within the policy period, meaning you will, therefore, cater for the extra amount exceeding the standard limitation amount. This type of limitation helps the insurance companies in balancing their books by checking how much they are liable for, this is where they derive their profits from.

Out-of-pocket Limit

This is the amount a policyholder will have to pay to cater for covered medical costs within a policy year before their medical insurance pays for any extra cover. It is regulated by the Affordable Care Act to help make medical services more reasonable.

You will still require treatments or have certain health procedures that aren’t covered in your policy, meaning you may still end up paying more than the actual limit for health care costs.

Maximum Limit

This is the total amount of cash that an insurance company would have to pay over a period of time to cater for a claim made by a policyholder, this is usually within one policy year.

A discussion has risen on whether this policy should be for essential benefits like life-saving surgeries or medicating a deadly disease. In 2014 it was decided that there shouldn’t be a cap on such crucial benefits. Any educated attorney from Kansas City KS will tell you that the limits still exist on non essentials meaning you will pay out-of-pocket expenses for them once the insurer has reached the determined coverage.

Combined Single Limitation

This is a part of an insurance property stating that a single amount covers all aspects of any claim whether its injury to other persons, damage of property. If you get stuck on the specifics there are many lawyers in Kansas City that can help you gain clarity. This takes care of the entire claim payout. It is common in property insurance.

Don’t

Be Careful to Not Accidentally Commit Insurance Fraud

You must always be truthful when making an insurance claim. There are people that have an accident and because they fear their insurance rates will go up, they think it’s appropriate to lie about how the accident happened or they’ll intentionally cause the accident to a piece of property they want replaced and collect the insurance money. Know that this is not only lying but is a crime. You will get caught and have to pay a criminal defense attorney in Kansas City KS to help argue your case. It’s best to not put yourself in this type of situation.

Conclusion

From the above information, it can be concluded that insurance limits are more advantageous to established businesses than they are to individuals, out-of-pocket policyholders actually pay more in medical covers than businesses pay in their asset/property cover. These businesses are better off with the combined single limitation cover than the scheduled limitations.

Do you have specific questions about your insurance limits? We’re here to help, let us know by email.

Loyal American Life Insurance Company

The Loyal American Life Insurance Company is an offering few insurance companies in the area have access to, and we’re happy to have them in our portfolio.

Satisfied Client Six

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Satisfied Client Five

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Satisfied Client Four

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.