What can I use HSA funds for?
Posted: March 13, 2024
Health Savings Accounts (HSAs) have become a popular tool for managing healthcare costs while enjoying tax advantages. Understanding the scope of qualified medical expenses that can be paid for with HSA funds is crucial for maximizing the benefits of this financial tool. Let’s delve into the specifics of what you can use HSA funds for. Qualified Medical Expenses HSAs are designed to cover a wide...
Explainer: What is Long-Term Care Insurance?
Posted: October 13, 2023
It’s not something you want to think about, but most of us will need long-term care at some point in our lives. In fact, according to the U.S. Department of Health and Human Services (HHS), once a person reaches age 65, they have almost a 70% chance of needing some type of long-term care services in their remaining years.1The need for care may develop suddenly...
Assisted Living Week: Protecting Grandparents with Long-Term Care Insurance
Posted: September 10, 2023
Today we are celebrating National Grandparents' Day, which always falls on the first Sunday after Labor Day. September 10 also marks the start of Assisted Living Week this year. Similar to Mother’s Day and Father’s Day, Grandparents' Day is an entire day dedicated to grandparents. It is an opportunity to treasure the special connection between grandparents and children, which has been proven to be beneficial...
Beginner’s Guide to Group Long-Term Care Insurance
Posted: May 13, 2021
In their younger years, most people do not consider needing long-term care later in life. However, it is worth considering. Purchasing this insurance when you are young makes it much more affordable. Long term care insurance is purchased as an individual or through a group long-term care insurance plan offered by an employer. Should I Invest in Long-Term Care Insurance? If your employer offers you...
Short-Term Disability Coverage Vs. Long-Term Disability Coverage
Posted: June 13, 2020
Short-term disability and long-term disability are both designed to protect your income in case you are unable to work. However, there are differences in the two types of coverage. Many people elect to have both short-term disability and long-term disability insurance policies. What Is Short-Term Disability Insurance? Short-term disability (STD) policies pay benefits for shorter time periods, after a brief waiting (elimination) period, which is...