What is the Medical Information Bureau?
The Bankrate.com financial term of the day is: "Medical Information Bureau."
You know how there are credit bureaus out there keeping track of how well you pay bills and handle your finances? The insurance industry has something similar to keep tabs on your health and how you live your life. It's called MIB, formerly the Medical Information Bureau. It allows insurers to compare notes about your medical history and related information, such as whether you play extreme sports or have a driving record that suggests you're dangerous on the road. Insurance companies check the MIB database to make sure applications for insurance policies have been filled out accurately and truthfully.
When you apply for insurance, the MIB or Medical Information Bureau is the insurer's way of checking for risky business in your background.
To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.
Most women don't have a policy or are under-insured.
A Bankrate.com survey of uninsured Americans finds many plan to continue without coverage.
Not sure when to review your insurance policy? Experts share their thoughts on when to do so.
Big changes are in store for America's health insurance system. Do you know how it will affect you?
Want to save on insurance? Make sure to check on any new discounts your insurer may be offering.
Can a couple find common ground when it comes to debt?
Follow this 6-month homeowner countdown so you are ready come closing day.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
Sleep better at night knowing you have extra money tucked away for unplanned expenses.
Do you want your kids to be smart about money? Follow these tips to get them started.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
A little research could save you BIG on interest.
The Chrysler Group has announced a recall of 349,442 cars for a potential problem that can cause the ignition key to become stuck or inadvertently move.
... Read more