If your health insurance has a Health Savings Account – otherwise known as an HSA – count yourself lucky. There are many reasons to contribute to an HSA, including tax benefits and the fact that it can double as a retirement account. This will be the third year that I contribute the maximum allowable amount […]
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Obamacare has given everyone the option – or I should say the requirement – to purchase health insurance. This young adults, or “young invincibles” as the media likes to call them, who are age 18-34. This demographic is generally healthier and use less health care than older demographics. Common advice for this age demographic, especially […]
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Obamacare’s Health Insurance Exchanges have now been open for nearly a month. Despite various setbacks, such as long wait times and websites not functioning properly, many have started to browse the various plans available to them and sign up for health insurance through the exchange. As my friend Holly from Club Thrifty pointed out, Obamacare […]
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If your job offers benefits, they will most likely automatically kick in at a certain time. For some benefits, though, you need to voluntarily take action to fully take advantage of them. Today I talk about three no-brainer benefits that you should take full advantage of. 1) 401k match Many employers offer a 401k match […]
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When I recently flew back home from vacation, I was offered peanuts from the flight attendant. As someone with food allergies, it’s a bit shocking to me that airlines still offer peanuts aboard their planes. While I am not allergic to peanuts, I know many people are and I imagine it can hardly feel good […]
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While many people are happy about health insurance exchanges and the opportunities they offer individuals for health insurance coverage, the reality for many young adults as a demographic is that their premiums are virtually guaranteed to rise because of Health Care Reform. The reason why premiums will increase for young adults isn’t because of one […]
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If you live in the United States, starting in 2014 you will be required to purchase health insurance or pay a fine. The question is: will young adults opt-out and pay the fine? This is one of a number of economics-related lessons that can be taken away from the Health Care Reform law. Today I […]
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Throughout the past year I have had chronic sinus issues (also called sinusitis) that eventually led to surgery. I had a septoplasty and endoscopic sinus surgery. When I first found out that I had to have endoscopic sinus surgery and a septoplasty, I was totally in the dark as to how much the procedures would […]
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When the Affordable Care Act was signed into law by President Obama on March 23rd, 2010, one of the things that went into effect was profit caps on health insurance companies. If a company does not spend enough of a customer’s premium on medical costs, the customer will receive a rebate. The ratio that determines […]
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The unexpected happens. Something breaks and needs to be replaced. Things end up costing more than we expected. The list goes on and on. Some of the most stressful financial situations are those that arise unexpectedly. The best thing we can do in these situations is take a deep breath and realize these things happen […]
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