We’re continuing our look at the health care bill and how it might impact your finances. Today we’ll focus on the $250 Medicare donut hole checks mailed last week. My grandparents are part of the 31% of seniors living only on social security in their retirement (defined as 90% of income coming from social security [...]
Over the next two weeks, we’ll be taking an in-depth look at the health care bill and how it might impact your finances. First up is the new health insurance individual mandate. Health Care Bill Individual Insurance Mandate One of the most controversial provisions of the new healthcare bill is also the one that will [...]
3 Ways to Use Life Insurance During Life
Posted byOne of the main tenants of financial planning is minimizing risk. Having an emergency fund is one way of doing this, as are health insurance and disability insurance. But perhaps the biggest way of minimizing financial risk for your loved ones is life insurance. Life insurance is an absolute must for anyone with dependents, as [...]
If everything goes as planned, a new health care reform bill will be signed by the President today. The house passed the bill on Sunday; the Senate passed it in December. They also added a set of amendments that will go back to the Senate for vote. Since we’re focused on personal finance, I looked [...]
Understanding Health Savings Accounts
Posted byWe’re continuing to detail specific benefit options with a look at Health Savings Accounts, or HSAs. Yesterday we looked at High Deductible Health Plans. Because of its lower premiums, an HDHP makes financial sense for many people. If you have an HDHP, you are also eligible to contribute to an HSA and save even more [...]
