Who needs life insurance and why? It’s an expense for anyone that has to come right out of their budget. However, what you should understand is that insurance is really a bucket of cash. Therefore, you should start thinking about life insurance as soon as you begin to get yourself set up in life. It’s […]
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Most everyone I talk to has questions about life insurance. Why would somebody have it? Who should have it? How much? The primary question is, of course, who needs life insurance? My answer would be anybody of any age, young, old, and anywhere in between. For an infant or young child, the reason for having
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When you’re dealing with health insurance enrollment, you must pay attention to the open enrollment deadlines. First, what are these deadlines? There are three different types of health insurance policies we work with. Each one has its own deadlines for enrollment that you have to be very aware of. I will cover each one. 1.
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One of those topics that comes up in our agency frequently is when people are experiencing all the problems that accompany the aging of their parents. Maybe your parents are 80 years of age or perhaps they are younger, but maybe their health is failing. Their children now need to be involved to help manage
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What happens when you turn 26 and you’ve been covered by your parents’ insurance? Whether you are covered by a group plan or an individual product, you need to know what to do. There’s a couple of different scenarios that could exist at that time. First, if you’ve been covered by group insurance and your
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When you’re looking at Medicare, it’s important to know the difference between a Medicare Supplement and Medicare Advantage. I want to clear up that confusion for you. Despite some confusing terminology, it’s really quite simple. When you’re going to Medicare for coverage—not through your employer, just as an individual Medical beneficiary—your coverage will come from
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At MBhealth, we often discuss a client’s whole financial situation with them so they can understand how it will affect their health insurance enrollment. We find this is vital to get them the best price and coverage. When you start to try to find insurance, it’s very important that whoever you work with is asking
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It’s very common that people do not understand the benefits of Health Savings Accounts. We hear questions like these all the time:
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What is COBRA? That acronym refers to the Consolidated Omnibus Budget Reconciliation Act of 1985. When you’re working for a company, you’ll be eligible for health insurance coverage under COBRA. It can also be called a continuation of coverage when you are no longer employed.
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I’d like to talk to you today about Health Savings Accounts, otherwise known as HSAs. An HSA offers many advantages when you know how to use them the right way. They are the last great tax-advantage savings vehicle that you and I have as consumers.
How to Effectively Utilize Your Health Savings Account Read More »