Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Will My HSA Expire If I Stop Contributing To It?
Posted: April 13, 2020
Will My HSA Expire If I Stop Contributing To It?A health savings account (HSA) is designed to stay with you for life, but you could lose it if you don’t use it. The following is information you may not know about your HSA, including how to keep it if you have stopped using it. What Is An HSA? HSAs were created to make medical expenses more affordable. They allow people with high-deductible health plans...
Traditional 401(k) Vs. Roth 401(k)
Posted: March 28, 2020
Traditional 401(k) Vs. Roth 401(k)The Roth 401(k) was introduced in 2006 and is becoming increasingly more common. The bigger the company, the more likely it is that employees will have the option of contributing to a Roth 401(k). Although the traditional 401(k) and the Roth 401(k) share some similarities, there are also major differences between the two. What Is A Roth 401(k)? A Roth 401(k) is a type of...
Should I Invest In A Fixed Annuity?
Posted: March 22, 2020
Should I Invest In A Fixed Annuity?Individuals who are semi-retired, about to retire, or already retired may choose fixed annuities to help stabilize their income from investments. Fixed annuities are insurance contracts. They offer the person who owns the annuity a set amount of income at regular intervals up to a specified point in time or a specified event, such as the annuity owner’s death. Investing in fixed annuities has both...
Top 7 Considerations When Choosing A Group Health Plan To Offer
Posted: March 13, 2020
Top 7 Considerations When Choosing A Group Health Plan To OfferEmployee benefits are a key factor in recruiting and retaining top talent. Group health insurance is an important part of your employee benefits package that helps your company compete in the marketplace. If you are shopping for a group health plan, the following rank among the top factors to consider. Number Of Employees To be eligible for group health insurance, you must have between one...
Should I Have More Than One Health Insurance Policy?
Posted: March 10, 2020
Should I Have More Than One Health Insurance Policy?It is not an unusual situation for a person to have coverage under more than one health insurance policy. For example, this often happens with spouses who have their own health insurance through their employers and are also covered through their spouses’ employers. Employees age 65 and older may have Medicare in addition to employer-sponsored health insurance. Retirees may have employer-sponsored retiree insurance, plus Medicare...