Insurance can be a really confusing topic. But I’ll break it down for you and help you to make the proper insurance choices for yourself. And more importantly, how to avoid making insurance mistakes…
Indexed Universal Life Insurance.This has become a really bigtime product sold by insurance brokers over the past few years. And even during the first several months of 2022 and beyond, as the economy seems to slip further and further downhill, these policies have become much more popular. It seems that Read more…
Health insurance is confusing. As can the public exchange for health insurance. There is no getting around it. There are so many things to consider: deductibles, premiums, coinsurance, max out of pocket, prescription coverage, etc. And it can be even more confusing when you don’t have an HR rep at Read more…
One of the interesting personal finance corners of information is a Limited Purpose FSA. This is different from a Health Savings Account (HSA). But it is also different from a regular Flexible Spending Account (FSA). It’s sort of a hybrid. Let me explain. (1) What is a Limited Purpose FSA? Read more…
(1) Deductibles: The Biggest Cost Factor When Picking the Right Health Insurance For most people, the deductible is going to be the biggest cost factor when picking a health insurance plan. That is because this is the amount of money that you will have to pay before the insurance kicks Read more…
Picking the right insurance plan can be one of the most challenging decisions that we face as adults. If you work for an employer that has multiple health insurance plans then it can be downright overwhelming. So let me help you decipher the health insurance landscape as well as how Read more…
Health savings accounts and flexible spending accounts can be very useful financial and healthcare tools. However, there are some major differences between HSAs and FSAs that you should know about. They both operate differently as well as have different limitations to how they operate. Let me explain. (1) Who Can Read more…
There are two main types of HSAs. But what should you pick? An HSA cash account or HSA investment account. They both can do the same things but have different benefits and drawbacks. An HSA is an excellent tool to help you both pay for medical expenses as well as Read more…
Flexible spending accounts can be a very useful financial tool for some people. In fact, there are two main benefits of FSAs. However, much like any financial product, they are not right for everyone in every situation. If you have a healthcare plan that is NOT a high deductible healthcare Read more…
HSAs (Health Savings Accounts) are some of the most useful and efficient accounts that are out there. They offer a number of benefits and can be used in a number of ways. They are the ONLY financial tool that is TRIPLE-TAX FREE! Let’s go over all the benefits of HSAs Read more…
Flexible Spending Accounts (FSAs) can be extremely useful financial and health care planning tools. Although you should understand that not everyone should take advantage of them. Like most (if not all) other financial tools, there is no one-size-fits-all approach. But in order to understand what an FSA is and if Read more…