Know all your choices before you pick an insurance policy. Health Insurance is a critical part of your financial plan, and luckily, there are lots of different ways to buy health insurance—each option has its own advantages and disadvantages. This list of questions will help you learn more about the insurance options you’d be interested in
Between confusing terms, complicated processes, and big dollar amounts, dealing with health insurance can be stressful and confusing. Here’s a primer of everything you need to know when it comes to health insurance. Getting Covered The government allows you to stay on your parent’s or guardian’s health insurance until you turn 26 but, ideally, your
When assessing which health plan is right for you, it can be tempting to focus only on the premiums deducted from your paycheck. But that amount is hardly the bottom line when it comes to overall costs. It’s also important to understand your health insurance deductible and out-of-pocket max, and how the two work together.
It can be hard to anticipate your healthcare needs for the coming year, but your company’s annual open enrollment period is the time to consider what you think you’ll need. Here are nine questions to think through as you assess which health plan provides the care you need at a price you can afford. 1.
Having a car gives you the freedom to go wherever you want whenever you want. But if you don’t have auto insurance to protect you, a trip to the grocery store could cost a lot more than you expected. Whether fender bender or wreck, a car accident can incur medical bills, repair costs, and even
Minimizing out-of-pocket medical expenses is tough when you have a high deductible health plan, but a health savings account can help. A health savings account (HSA) is a savings account where pre-tax money is deducted from your paycheck and pooled for medical expenses. Then you can use the money for qualified medical expenses, like deductibles,
Health insurance, a.k.a. medical insurance, plans come in a lot of shapes and sizes. And though there are a lot of options to sift through, it’s important to understand the basics. What Is Health Insurance? Health Insurance is a contractual agreement stating that an insurer of your choice will pay some or all of your
While it may be uncomfortable to think about, it’s important to consider what would happen to your loved ones if you were to unexpectedly pass away. Will they be left struggling to make up for your income, scrambling to pay for your end-of-life costs, or paying for remaining medical debts? Life insurance is a way
Once you’ve made one of the biggest purchases of your life, it makes sense that you’ll want to keep it protected with homeowner’s insurance. A Good Investment Unlike auto insurance, homeowner’s insurance isn’t required by law. So, why get it? Well, if you’re borrowing from a lender to finance your home purchase, they’ll likely require
Whether you’re renting an apartment, a town home, a single-family home, or anything else, renters insurance provides essential protection for yourself and your belongings. Do I Need Renters Insurance? The need for renters insurance may not feel totally obvious at first glance. After alI, if the roof caves in, it’ll probably be the landlord’s responsibility
