Is My Work Health Insurance Better Than Marketplace Insurance?
Posted: January 28, 2021
Is My Work Health Insurance Better Than Marketplace Insurance?Group health insurance is one of the most important benefits employers offer their employees. Under the Affordable Care Act (ACA), companies with 50 or more full-time employees must offer affordable health coverage that provides minimum value to full-time employees and their dependents, or they may be subject to an “employer shared responsibility” payment to the IRS. Larger employers have the incentive to offer health coverage...
Taking Care of Yourself: Health Tips for People Under 30
Posted: January 25, 2021
Taking Care of Yourself: Health Tips for People Under 30The sooner you start healthy lifestyle habits, the better your overall health results are likely to be. In your 20s, it's easy to take your faster metabolism and higher energy levels for granted, as well as put fitness on the back burner. But early adulthood is the time to start developing healthy routines, as it can have a significant effect on how well we age. ...
How Many Life Insurance Policies Can I Have?
Posted: January 22, 2021
How Many Life Insurance Policies Can I Have?There is no set limit to how many life insurance policies you can purchase. You can buy multiple policies from different insurance companies, but insurers may start asking questions if your coverage reaches a point that greatly exceeds your income. Can It Cause Problems to Buy More Than One Life Insurance Policy? You can have more than one life insurance policy, and there is no...
What Happens if I Withdraw My 401(k) Early?
Posted: January 13, 2021
What Happens if I Withdraw My 401(k) Early?A 401(k) is a company-sponsored retirement plan that gives employees a tax break on the portion of their salary they contribute to the plan. Contributions are automatically withdrawn and invested in funds of the employee’s choosing, and employers have the option to match contributions. 401(k) plans are designed for retirement savings. Early withdrawal of funds carries heavy penalties under normal circumstances. How Soon Can You...
Keeping Health Coverage While Between Jobs
Posted: January 10, 2021
Keeping Health Coverage While Between JobsHealth insurance is not just nice to have – it is essential to your family’s well-being. If you are between jobs, you have several options for keeping health coverage until you start a new position. COBRA “COBRA” stands for the Consolidated Omnibus Budget Reconciliation Act. This law gives workers who lose or leave their jobs the right to continue group health benefits for a limited...
