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Key people. Charles Pizzi, Chairman. Gregory E. Deavens, President and CEO. Website. www.ibx.com. Independence Blue Cross (Independence) is a health insurer based in Philadelphia, Pennsylvania, in the United States. [1] Independence is the largest health insurer in the Philadelphia area, serving people in the region and seven million nationwide.
agency .pennie .com. Pennie is the official health insurance marketplace in the U.S. state of Pennsylvania established under the federal Patient Protection and Affordable Care Act (ACA). The exchange enables eligible individuals to purchase private health insurance coverage at federally subsidized rates. Launched on September 22, 2020, [1] it ...
How much does PIP cost in Pennsylvania? The 2024 average cost of car insurance in Pennsylvania is $521 annually for minimum coverage and $2,790 per year for full coverage car insurance. Like any ...
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy ...
The idea behind the creation of PIP insurance was that it would reduce the number of ‘pain and suffering’ or ‘loss’ lawsuits, thereby reducing insurance company payouts and ultimately reducing insurance premiums. Individuals who now purchase insurance in Pennsylvania are classified as either “limited tort” or “full tort.”
www .insurance .pa .gov. The Pennsylvania Insurance Department is a cabinet-level agency in Pennsylvania, United States. It was founded in 1873 and has several main functions, including: [2] To audit insurance companies' finances. Issue licenses to insurance industry individuals and companies. Regulate insurance policies and rates.
Third-party administrator. In the United States, a third-party administrator ( TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and ...
The Association for Cooperative Operations Research and Development ( ACORD) is a non-profit organization in the insurance industry. [1] ACORD publishes and maintains an archive of standardized forms. ACORD has also developed a comprehensive library of electronic data standards with more than 1200 standardized transaction types to support ...
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